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Robeco BP Global Premium Equities KE USD
Global value approach with focus on 'characteristics that work': Valuation, Fundamentals and Momentum
Share classes
Share classes
Every share class of a product invests in the same portfolio of securities and has the same investment objectives and policies. However, their parameters might deviate. For instance and amongst others, their distribution type, currency exposure or fees and expenses might differ. The most common share classes at Robeco are:
a) D/DH shares, which are regular shares and available for all Investors;
b) I/IH shares, for institutional investors as defined from time to time by the Luxembourg supervisory authority.
For more information on share classes please go to the prospectus.
KE-USD
B-EUR
C-EUR
D-EUR
D-USD
DH-EUR
DH-USD
E-USD
F-EUR
F-GBP
F-USD
FH-EUR
I-EUR
I-GBP
I-USD
IB-EUR
IB-GBP
IH-EUR
KE-GBP
M-USD
M2-EUR
M2H-EUR
Class and codes
Asset class:
Equities
ISIN:
LU2408970320
Bloomberg:
ROGPEKU LX
Index
MSCI World Index (Net Return, USD)
Sustainability-related information
Sustainability-related information
Under the EU Sustainable Finance Disclosure Regulation, products can be labelled as either Article 6, 8 or 9 fund.
Article 6 - The fund is not in scope of enhanced sustainability disclosures compared to Article 8 and 9.
Article 8 - The fund does not have a sustainable investment objective but promotes environmental or social characteristics and is subject to enhanced sustainability disclosures.
Article 9 - The fund has a sustainable investment objective and is subject to enhanced sustainability disclosures.
Regardless of Article 8 or 9, the companies in which investments are made must follow good governance practices, and sustainable investments must not do any significant harm.
Article 8
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Award winning unconstrained Global equity strategy
- Managed by a highly experienced team of bottom-up value investment professionals
- Focus on 'characteristics that work': Valuation, Fundamentals and Momentum
About this fund
Robeco BP Global Premium Equities is an actively managed, unconstrained global all cap value fund. The selection of these stocks is based on fundamental analysis. The fund focuses on attractively valued companies with compelling fundamentals and improving business momentum, regardless of market capitalization, region or sector.
Key facts
Total size of fund
$ 4,819,236,441
Size of share class
$ 35,149,985
Inception date share class
23-11-2021
1-year performance
14.24%
Dividend paying
Yes
Fund manager
![Christopher Hart CFA](https://images.ctfassets.net/tl4x668xzide/gMoJKZbdqKM78OBbI4oy2/bea68f1f7da84f51dc83ffbc79b1530b/christopher-hart-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Christopher Hart CFA
![Joshua Jones CFA](https://images.ctfassets.net/tl4x668xzide/8XZlh1fiMYoAXWDg5rdaM/4577219fb004e4da41d7d95437425dd6/joshua-jones.png?fit=fill&w=162&h=162&f=center&fm=webp)
Joshua Jones CFA
Soyoun Song
Mr. Jones is a Portfolio Manager of the Boston Partners Global Equity, Boston Partners Global Long/Short Equity, and Boston Partners International Equity strategies, with primary responsibility for managing the firm’s International Equity and Global Long/Short Equity offerings. Prior to this role, he was a research analyst specializing in the energy and metals and mining sectors of the equity market and was a global generalist. Mr. Jones joined the firm in January 2006 from Cambridge Associates where he was a consulting associate focused on hedge fund clients. He holds a B.A. in Economics from Bowdoin College and the Chartered Financial Analyst® designation. Mr. Jones began his career in the investment industry in 2004. Mr. Hart is a Portfolio Manager of the Boston Partners Global Equity and Boston Partners International Equity strategies, with primary responsibility for managing the firm's Global Equity long portfolios. Prior to this, he was the portfolio manager of the Boston Partners International Small Cap Value product and, before that, an assistant portfolio manager of the Boston Partners Small Cap Value products for three years. Previously, he was a research analyst specializing in the conglomerates, engineering and construction, building, machinery, aerospace & defense, and REITs sectors of the equity market. He joined the firm in July 2002 from Fidelity Investments where he was a research analyst. Mr. Hart holds a B.S. in Finance with a concentration in Corporate Finance from Clemson University and the Chartered Financial Analyst® designation. Mr. Hart began his career in the investment industry in 1991. Mr. Song is an Assistant Portfolio Manager of the Boston Partners Global Equity and Boston Partners International Equity strategies as well as the lead Portfolio Manager of the Boston Partners Global Sustainability strategy. He also serves as an equity analyst, specializing in developed non-U.S. industrials, materials, and transportation sectors of the equity market. Before joining Boston Partners in April 2019, he was a managing director at ThornTree Capital with responsibility for its global industrials long/short portfolio. Prior to that, Mr. Song was a managing director at Bain Capital’s Brookside Fund where he co-managed its global industrials long/short portfolio. He began his investing career at Bain Capital in its North American private equity practice. Before transitioning to a career in investments, he was a consultant at McKinsey & Company. Mr. Song earned an M.B.A. from Harvard Business School, an M.Sc. in Clinical Medicine from Oxford University, and an A.B. in Biochemical Sciences from Harvard College, where he graduated summa cum laude. Mr. Song began his career in the investment industry in 2005.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
-3.00%
2.03%
3 months
-1.48%
2.63%
YTD
6.05%
11.75%
1 year
14.24%
20.19%
2 years
15.79%
19.35%
Since inception 11/2021
6.58%
5.36%
2023
14.73%
23.79%
2022
-3.84%
-18.14%
Dividend paying history
24-04-2024
$ 2.06
27-04-2023
$ 1.52
28-04-2022
$ 0.04
Costs
Ongoing charges
Indication of annual charges that are deducted for this fund. This indication is based on the costs over the last calendar year and may vary from year to year. Transaction costs incurred by the fund, any performance fees and other one-off costs are not included in the ongoing charges.
0.76%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.63%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.12%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.60%
Fiscal product treatment
The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.01% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.
Fiscal treatment of investor
Investors who are not subject to (exempt from) Dutch corporate-income tax (e.g. pension funds) are not taxed on the achieved result. Investors who are subject to Dutch corporate-income tax can be taxed for the result achieved on their investment in the fund. Dutch bodies that are subject to corporate-income tax are obligated to declare interest and dividend income, as well as capital gains in their tax return. Investors residing outside the Netherlands are subject to their respective national tax regime applying to foreign investment funds. 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.
Fund allocation
Asset
Country
Currency
Sector
Top 10
- Asset
- Country
- Currency
- Sector
- Top 10
Policies
The fund does not apply an active currency policy, currency exposure is driven by security selection.
This share class of the fund will distribute dividend.
Robeco BP Global Premium Equities is an actively managed, unconstrained global all cap value fund. The selection of these stocks is based on fundamental analysis. The fund focuses on attractively valued companies with compelling fundamentals and improving business momentum, regardless of market capitalization, region or sector. The fund promotes E&S (i.e. Environmental and Social) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation, integrates sustainability risks in the investment process and applies Robeco’s Good Governance policy. The fund applies sustainability indicators, including but not limited to, normative, activity-based and region based exclusions, proxy voting and engagement. The Sub-fund is actively managed. The investment policy is not constrained by a benchmark but the Sub-fund uses a benchmark index in its marketing materials for comparison purposes. Part of the stocks selected will be components of the benchmark, but stocks outside the benchmark may be selected too. The Portfolio Manager may use its discretion to invest in companies or sectors not included in the benchmark based upon opportunities found through fundamental research. The investment strategy aims to outperform the benchmark over the long run. The Sub-fund can deviate substantially from the issuer, country and sector weightings of the benchmark. There are no restrictions on the deviation from the benchmark. The benchmark is a broad market weighted index that is not consistent with the environmental, social and governance characteristics promoted by the Sub-fund.
Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.
Sustainability-related disclosures
Sustainability profile
Sustainability
The fund incorporates sustainability in the investment process via exclusions, ESG integration, a carbon target, engagement and voting. Through exclusions the fund avoids investments in issuers that are in breach of international norms or where activities have been deemed detrimental to society following Robeco's exclusion policy. Financially material ESG factors are integrated in the bottom-up investment analysis to assess the sustainability risk profile of companies. In the stock selection the fund limits exposure to elevated sustainability risks. The fund also targets a lower carbon footprint compared to the reference index. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to engagement. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policy.The following sections display the ESG-metrics for this fund along with short descriptions. For more information please visit the sustainability-related disclosures.The index used for all sustainability visuals is based on MSCI World Index (Net Return, USD).
Market development
Global markets, as measured by the MSCI World Index climbed higher in June rising 2.03% (USD/Net) while the MSCI World Value Index declined -0.87% (USD/Net). Information technology was the outstanding sector in the core MSCI World Index during the month, rising close to 9%.
Performance explanation
Based on transaction prices, the fund's return was -3.00%. Robeco BP Global Premium Equities trailed the MSCI World Index in June with both stock selection and sector allocation detracting from relative returns. Two areas of notable weakness to stock selection came in the industrials and information technology sectors. In industrials, Rheinmetall, one of the top performers for the year, fell 11%, French construction company Eiffage was lower by 16% and electrical distributor Rexel declined 14%, hurting relative returns. Within information technology, it was more about what the fund didn't own that detracted from relative returns. Not owning NVIDIA, Broadcom, Microsoft and Apple, for valuation reasons, weighed on the fund's relative performance. From a sector allocation perspective, the fund has a large underweight in the information technology sector and a meaningful overweight in the financials sector which were the main cause of detraction during the month.
Expectation of fund manager
![Christopher Hart CFA](https://images.ctfassets.net/tl4x668xzide/gMoJKZbdqKM78OBbI4oy2/bea68f1f7da84f51dc83ffbc79b1530b/christopher-hart-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Christopher Hart CFA
![Joshua Jones CFA](https://images.ctfassets.net/tl4x668xzide/8XZlh1fiMYoAXWDg5rdaM/4577219fb004e4da41d7d95437425dd6/joshua-jones.png?fit=fill&w=162&h=162&f=center&fm=webp)
Joshua Jones CFA
Soyoun Song
Global equity markets were mixed in June, with growth strongly outpacing value, US equities well ahead of European and Asian markets and mega caps again returning to the spotlight. June saw a 5% gap between styles globally, with the MSCI World Value down 0.8% while the MSCI World Growth was up 4.8%. Globally, markets reacted to a hawkish Federal Reserve statement in the middle of the month combined with upcoming election results in France and England. As always, we remain focused on selecting companies from the bottom-up that reflect Boston Partners' three-circle characteristics – attractive valuations, solid business fundamentals, and identifiable catalysts.