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Rolinco EUR G

Reference index: MSCI All Country World Index (Net Return, EUR)
ISIN: NL0010510798
  • Invests in the structural trends worldwide (e.g. "the digital world" and the Industrial Renaissance)
  • Top-down theme selection and bottom-up stock selection using proprietary valuation models
  • Risk limitation through global diversification
Asset class
Current price ()
Performance YTD ()
Currency EUR
Total size of fund ()
Dividend payingYes

About this fund

Rolinco is an actively managed fund that invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The fund focuses on growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different growth trends. The fund then invest directly into stocks of companies that have as pure as possible exposure to one of these trends.

Price development

No performance data available

Price development

Rolinco EUR G

Performance

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Fund Reference index
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The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year)
Initial charges or eventual custody charges which intermediaries might apply are not included.
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.
Fund Reference index
The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year)
Initial charges or eventual custody charges which intermediaries might apply are not included.
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.

Statistics

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Above mentioned ratios are based on gross of fees returns.
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Market development

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Global markets continued to shrug off negative headlines, like they have been doing for the last two months. Improving jobs data out of the US, signaling a real and possibly spectacular economic recovery, led to a strong start of the month. Whereas government stimulus around the world had already been an important help to equity markets since the pandemic, it got a new impulse in June with the proposal of the European Recovery Fund. When the Fed painted a long road to recovery, and the number of Covid-19 cases started to increase again in countries like the US, Australia and Germany, investors began questioning their optimism on the global economy and for instance the US market dipped 6% on one day. Whether it is the second wave or we are still in the first one doesn’t really matter: markets got afraid that the hoped-for reopening of economies might be delayed again. The revival in trade tensions between the US and China but also the US and Europe did not help investors out either. But with the Fed announcing corporate-bonds buying and investors returning to their long-cherished buy-the-dip strategy, markets recovered towards the end of the month.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
Integration
Sustainability Themed Fund

Currency policy

The fund can engage in currency hedging transactions.

Dividend policy

Rolinco pays out dividends received from the investments in stocks.

ESG Integration policy

Rolinco integrates ESG factors into its investment process by analyzing the impact of financially material ESG factors to a company’s competitive position and value drivers. We believe that this enhances our ability to understand existing and potential (long-term) risks and opportunities of a company. The impact of material ESG factors can be positive or negative, reflecting risks or opportunities, that ensue from a company’s ESG analysis. If ESG risks and opportunities are significant, the ESG analysis could impact a stock’s fair value and the portfolio allocation decision. In addition to ESG integration, Robeco also has an exclusion policy and conducts proxy voting and engagement activities focused on specific themes, such as climate change, aiming to improve a company’s sustainability profile.

Investment policy

Rolinco's investment style focuses on growth by primarily making allocations to promising trends. Rolinco invests in minimum three and maximum four different and independent top-down growth trends. The fund then invests directly into stocks of companies that have as pure as possible exposure to one of these trends. The selection of the trends is the first and most important step in the investment process, as they define the investment universe from which stocks are selected. Current trends that Rolinco has selected are Digitalization', 'The emerging middle-class', 'The Industrial Renaissance' and 'Getting old and staying healthy'. Rolinco can anticipate currency developments through active currency management. Risk management is fully integrated in the investment process to ensure that positions meet predefined guidelines. The fund can hold a limited cash position.

Risk policy

Risk management is fully integrated in the investment process to ensure that positions always meet predefined guidelines.

Expectation of fund manager

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The contrast between the real economy and market prices is puzzling in many ways. It is obvious that bouncing off the bottom is not the same as ‘good’, and it is fair to say that the broader market has moved to a position of peak multiples against trough earnings, based on an expectation of a sharp cyclical rebound in earnings in the coming months and years. This will no doubt be helped by fiscal and monetary policy reactions that have been immediate and aggressive; over time, these programs should reduce volatility and stabilize markets. For now, the market is flying blind as earnings reports are not yet providing any guidance with respect to how much damage Covid-19 will do to companies, but the market has been looking beyond the 2020 earnings abyss anyhow. Maybe the upcoming results season will provide some more clarity. With our trends approach, we continue to focus on long-term secular trends that should drive sustainable and secular earnings growth for the companies that are exposed to them. We still consider our four selected trends to be relevant or even stronger under current circumstances, especially with regard to digitization and automation.

Marco van Lent, Steef Bergakker
Marco van Lent, Steef Bergakker

Marco van Lent, Steef Bergakker

Marco van Lent is a member of the Robeco Trends Investing Equity team since December 2010 and since November 2013 portfolio manager of Robeco MegaTrends/Rolinco and since June 2017 portfolio manager of Robeco Digital Innovations. Before that he was portfolio manager of Robeco Infrastructure Equities. He joined Robeco in October 2007 to co-manage two European equity funds. He started his investment career in 1985 as a sell-side analyst/strategist. In 1996, he became a portfolio manager at Van Spaendonck Asset Management. This was followed by a position as senior portfolio manager European equities at Philips Investment Management in 1999. Using the high-conviction investment strategy which he had co-developed at Philips Investment Management, he moved on to Van Lanschot Asset Management to manage the Van Lanschot European Equity Fund. After the acquisition of Kempen Capital Management by Van Lanschot, he worked at Kempen Capital Management for 6 months to manage European equity mandates. Marco holds a Master’s degree in Business Economics and Finance from Tilburg University. Steef Bergakker is a member of the Robeco Trends Investing team and portfolio manager of Robeco Hollands Bezit. Before he was the portfolio manager of Robeco Infrastructure Equities. Prior to rejoining Robeco in 2008, Steef held different functions at IRIS (Institute for Research and Investment Services), the former research joint venture of Robeco and Rabobank. From 1998 through 2008 he served as head of IRIS Equity Research, and before that he worked as equity analyst for 8 years. Steef started his career in the investment industry at Robeco in 1990, as a junior analyst. He holds a Master¿s degree in Monetary Economics and Finance and Investments from Erasmus University, Rotterdam.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINNL0010510798
BloombergROLEURG NA
Valoren22236538
WKNA1W9HH
Availability
1st quotation date1380067200000
Close financial year31-12
Legal status
Tracking error limit (%)
Morningstar
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
Service fee

Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
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Fiscal product treatment

The fund is established in the Netherlands. The fund is managed as a 'naamloze vennootschap' (public limited company). The fund has the status of 'tax-exempt investment institution' in the sense of article 6a of the Dutch Corporate-Income Tax Act 1969, and, as such, is exempt from corporate-income tax. The fund is also exempt from withholding Dutch dividend tax on its dividend distributions. In principle the fund cannot use the Dutch treaty network to reduce any foreign withholding tax, nor can it recover any Dutch dividend tax on its income.

Fiscal treatment of investor

For private investors residing in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Participating units held by private investors who are taxpayers in the Netherlands belong in Box 3. If and insofar as an investor's net assets exceed the net wealth exemption limit, said investor is liable from 1 January to pay 1.2% annually on the balance of his or her net assets. Investors who are subject to Dutch corporate-income tax will be taxed for the result achieved on their investment in the fund. This result can consist of realized current income, and realized and unrealized capital gains. For Dutch corporate-income tax purposes, the shares or participating units must be valued at market value in the balance sheet and dividends received must be included in the taxable result. Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. The above is based on the current fiscal legislation and regulations in the Netherlands. We advise individual investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.

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Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.

The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

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