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Robeco Biodiversity Equities D EUR
Investing in companies that benefit from the transition to a nature-positive world
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.
D-EUR
D-USD
F-EUR
F-USD
I-EUR
I-USD
Z-GBP
Class and codes
Asset class:
Equities
ISIN:
LU2539440995
Bloomberg:
RBCEQDE LX
Index
MSCI World Index TRN
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 9
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Thematic investment opportunities in solutions and companies that sustainably use or help to restore nature’s resources
- Regulation to better protect nature and changing consumer behavior to benefit biodiversity-aligned companies
- Driving change through active engagement on biodiversity topics
About this fund
Robeco Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index.
Key facts
Total size of fund
€ 5,359,877
Size of share class
€ 1,167,849
Inception date share class
31-10-2022
1-year performance
12.61%
Dividend paying
No
Fund manager
![David Thomas](https://images.ctfassets.net/tl4x668xzide/4DSef35et9zvSfZByglhuO/bb606295ff34ca434db51a889f6cfce4/david-thomas-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
David Thomas
David Thomas is Portfolio Manager of the Robeco Biodiversity Equities strategy and member of the Thematic Investing team. Prior to joining Robeco in 2022, he was a portfolio manager at Ellerston Capital, managing multiple strategies, including a fund for one of the world’s largest sovereign wealth asset owners. David brings 29 years of experience in financial markets having worked for global corporations, including Price Waterhouse Coopers, Macquarie Bank, Morgan Stanley and CLSA. His expertise in equity markets with special focus on the consumer and IT sectors has been honed over multiple roles, both in Sydney and London. David holds a Bachelor of Business from Swinburne University and successfully completed the leadership program at Harvard Business School.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
5.03%
0.79%
3 months
5.66%
7.18%
YTD
10.22%
16.08%
1 year
12.61%
20.57%
Since inception 11/2022
7.18%
17.02%
2023
2.05%
19.60%
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.
1.81%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
1.60%
Included service fee
This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.
0.16%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.11%
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 0.05% 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
The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise 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
Currency
Sector
Top 10
- Asset
- Currency
- Sector
- Top 10
Policies
Currency risk will not be hedged. Exchange-rate fluctuations will therefore directly affect the fund's share price.
This share class of the fund does not distribute dividend.
Robeco Biodiversity Equities is an actively managed fund that invests in stocks of companies in countries globally which support the sustainable use of natural resources and ecosystem services to help reduce Biodiversity loss. The selection of these stocks is based on fundamental analysis. The fund has sustainable investment as its objective, within the meaning of Article 9 of the Regulation (EU) 2019/2088 of 27 November 2019 on Sustainability-related disclosures in the financial sector. The strategy integrates sustainability criteria as part of the stock selection process and through a theme-specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contribute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework, more information on which can be obtained at www.robeco.com/si. The fund also aims to achieve a better return than the index. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund aims to support the sustainable use of natural resources and ecosystem services, as well as technologies, products and services that help to reduce Biodiversity threats or restore natural habitats. This is done by investing in companies that advance the following UN Sustainable Development Goals (UN SDGs): Good health and well-being (SDG 3), Industry, innovation and
Sustainability profile
ESG Important Information
The sustainability information below can help investors integrate sustainability considerations in their process. This information is for informational purposes only. The reported sustainability information may not at all be used in relation to binding elements for this fund. A decision to invest should take into account all characteristics or objectives of the fund as described in the prospectus.
Sustainability
The fund's sustainable investment objective is to support the sustainable use of natural resources and ecosystem services that help to reduce Biodiversity threats or restore natural habitats. This is achieved by incorporating sustainability considerations in the investment process by the means of a target universe definition, exclusions, ESG integration, and voting. The fund only invests in companies that have a significant thematic fit as per Robeco's thematic universe methodology. Through screening on both Robeco's internally developed SDG Framework and Robeco’s exclusion policy, the fund does not invest in issuers that have a negative impact on the SDGs, are in breach of international norms or where products have been deemed controversial. Financially material ESG factors are integrated in the bottom-up fundamental investment analysis to assess existing and potential ESG risks and opportunities. In addition, where a stock issuer is flagged for breaching international standards in the ongoing monitoring, the issuer will become subject to exclusion. Lastly, the fund makes use of shareholder rights and applies proxy voting in accordance with Robeco's proxy voting policyThe 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 TRN.
Market development
On the surface, equity market performance in July appeared fairly benign. However, this apparent calmness masked significant underlying movement. The MSCI World rose by 1.7%, the S&P 500 by 1.1%, while the Euro Stoxx 50 fell by 0.4%. Notably, July saw a rotation out of the "Magnificent 7” and into small and medium cap names. This shift was driven by cooling inflation fears and increased expectations of imminent interest rate cuts. The Russell 2000 surged an impressive 10% in July.
Performance explanation
Based on transaction prices, the fund's return was 5.03%. The fund's performance for the month was well ahead of the general market and ahead of the investable universe. Our best-performing names for the month included Tomra, Sprouts Farmers Market, VF Corp and Unilever. Tomra delivered a very strong result from its collection division which fueled earnings upgrades and drove a rerating. Sprouts continued its stellar run with another strong report on comp sales and margins. VF Corp jumped after it announced the sale of its Supreme skating brand for USD 1.5 billion. High debt levels within the group caused significant investor concern and the sale went a long way to relieving the pressure. Finally, Unilever delivered very strong Q2 results driven by strong gross margin expansion as commodity prices eased.
Expectation of fund manager
![David Thomas](https://images.ctfassets.net/tl4x668xzide/4DSef35et9zvSfZByglhuO/bb606295ff34ca434db51a889f6cfce4/david-thomas-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
David Thomas
The combination of falling inflation and weaker employment data has reinvigorated hopes for rate cuts by the Federal Reserve. There is growing anticipation that the Fed might implement two rate cuts by the end of the year to support economic growth. Overall, while the global economy has shown resilience, the interplay between inflation, employment, and monetary policy remains a critical area of focus for the market. This positive economic outlook makes us constructive on the biodiversity sector. We also expect reinvigorated support for nature legislation to support the fund's investments.