Robeco Gravis Digital Infrastructure Income C EUR
High conviction thematic global equity strategy investing in physical digital infrastructure assets
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.
C-EUR
B-EUR
B-USD
C-GBP
D-EUR
F-EUR
IB-EUR
IB-GBP
Class and codes
Asset class:
Equities
ISIN:
LU2739681729
Bloomberg:
RBGDICE LX
Reference index
S&P Developed Property Index
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
- Benefiting from strong digital megatrends (e.g. 5G, A.I., E-commerce)
- Focus on physical digital infrastructure assets in developed markets
- Combines income objective with growth opportunities
About this fund
Robeco Gravis Digital Infrastructure Income is an actively managed fund that invests in a globally diversified portfolio of best-in-class real estate and infrastructure companies that are listed in developed markets and are likely to benefit from the digitalization of economies, changing the way we work, live and play. The selected real estate and infrastructure companies own, operate or finance tangible assets, such as communication towers, data centers, distribution centers that enable the fulfilment of e-commerce, fiber optic networks, smart grids, battery storage, and warehouses.
Key facts
Total size of fund
€ 3,090,337
Size of share class
€ 25,392
Inception date share class
29-02-2024
Dividend paying
Yes
Fund manager
Matthew Norris
Matthew Norris is Portfolio Manager of the Robeco Gravis Digital Infrastructure Income fund. He is responsible for the oversight of the VT Gravis UK Listed Property Fund and the VT Gravis Digital Infrastructure Income Fund. Matthew has more than two decades investment management experience and has a specialist focus on real estate securities and digital infrastructure investments. He served as an Executive Director of Grosvenor Europe where he was responsible for global real estate securities strategies. He joined Grosvenor following roles managing equity funds at Fulcrum Asset Management and Buttonwood Capital Partners. He joined the industry in 1994. Matthew has a Bachelor of Artis in Economics & Politics from the University of York. He is a CFA® Charterholder and holds the Investment Management Certificate (IMC).
The performance data for this fund is either unavailable or restricted by the MIFID legislation, which prevents us from reporting performance data for funds with less than a 12-month track record.
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.
1.01%
Included management fee
A fee paid by the fund to the asset management company for the professional management of the fund.
0.80%
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.
0.08%
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
The fund can engage in currency hedging transactions. Typically currency hedging is not applied.
The fund distributes a dividend on a quarterly basis.
Robeco Gravis Digital Infrastructure Income is an actively managed fund that invests in a globally diversified portfolio of best-in-class real estate and infrastructure companies that are listed in developed markets and are likely to benefit from the digitalization of economies, changing the way we work, live and play. The selected real estate and infrastructure companies own, operate or finance tangible assets, such as communication towers, data centers, distribution centers that enable the fulfilment of e-commerce, fiber optic networks, smart grids, battery storage, and warehouses. 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. Although securities may be components of the benchmark, securities outside the benchmark may be selected too. The investment policy is not constrained by a benchmark but the Sub-fund uses a benchmark for comparison purposes. 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.
Sustainability-related disclosures
Market development
Growth risks remained the primary concern for investors in October, particularly ahead of the US elections. With both presidential candidates seemingly set on spending more money, bond yields have moved up, which has caused equity investors to pause. US inflation fell to 2.4% in September, although this was the slowest rate since early 2021; it eased by less than expected. While rate cuts are still expected at the Federal Reserve's meetings in November and possibly December, a stronger labor market combined with resilient inflation has decreased the likelihood of a 50-basis point cut at either of these meetings. Elsewhere, recently published preliminary data showed inflation in the Eurozone rising to 2% in October, which was also higher than expected, and which reduces the likelihood of a large interest rate cut at the ECB meeting in December. While the pace of interest rate cuts may be moderate, the direction of travel remains downwards and lower policy rates tend to provide support for the valuation of next generation digital infrastructure.
Expectation of fund manager
Matthew Norris
The fund manager maintains a positive outlook on the digital infrastructure sector as it is set to continue to grow, primarily due to the strong performance of underlying portfolio assets. During October, data centers had the best performance, delivering a return of 4.7%. Within this subsector, digital realty (portfolio weight 6.09%), a REIT that owns, operates and invests in data centers, announced it had booked USD 521 million in new annualized rental revenue, which was more than double its previous high of USD 252 million in 2024Q1. This was primarily due to an increase in AI requirements, which made up 50% of the bookings. Rent renewals also posted a record quarter, with USD 258 million in annual revenue and a 15.2% cash spread. This further reiterates the growth inherent to the digital infrastructure sector.