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Robeco Smart Mobility I USD
The mobility of the future is electric
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.
I-USD
D-CHF
D-EUR
D-USD
E-EUR
F-CHF
F-EUR
F-USD
I-EUR
IH-GBP
M2-EUR
S-USD
Z-EUR
Z-GBP
Z-USD
Class and codes
Asset class:
Equities
ISIN:
LU2145466475
Bloomberg:
RSSMEIU 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
Morningstar
Morningstar
Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Download The Morningstar Rating for Funds (chapter: The Morningstar Rating: Three-, Five-, and 10-Year) on the Morningstar website.
Rating (31/07)
- Overview
- Performance & costs
- Portfolio
- Sustainability
- Commentary
- Documents
MISSING: fund.detail.tabs.
Key points
- Smart Mobility lies at the intersection of some of the most potent themes of the decade: climate action, electrification, artificial intelligence, connectivity, and the sharing economy
- Focus on technology leaders and market disruptors with outstanding long-term growth opportunities in smart mobility value chains
- Falling vehicle costs, supportive regulation and innovation from EV makers provide strong tailwinds for compelling growth over the next decade and beyond
About this fund
Robeco Smart Mobility is an actively managed fund that invests globally in companies involved in the transformation and decarbonization of the global transportation sector. 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's objective is also to achieve a better return than the index.
Key facts
Total size of fund
$ 437,677,172
Size of share class
$ 31,764,016
Inception date share class
29-10-2020
1-year performance
-12.05%
Dividend paying
No
Fund manager
![Pieter Busscher CFA](https://images.ctfassets.net/tl4x668xzide/74zy0FJYtmD5v50vJutOoc/36e23415046c4f124a49043dbb6989f3/pieter-busscher-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Pieter Busscher CFA
![Clément Chamboulive](https://images.ctfassets.net/tl4x668xzide/wawV7Tfpd4rV7ccKIpAV5/462d20893f2642d013d467fb7120dd33/clement-chamboulive-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Clément Chamboulive
![Giacomo Fumagalli](https://images.ctfassets.net/tl4x668xzide/2fIYn0hpkmjHm5mzLhgRCN/8b0ab759917c748bcb9b3acfe7eecbf1/giacomo-fumagalli-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Giacomo Fumagalli
Pieter Busscher is Portfolio Manager of the Robeco Smart Materials and Robeco Smart Mobility strategies and member of the Thematic Investing team. He started at Robeco in 2007 as a Deputy Portfolio Manager for the Sustainable Water strategy. Pieter became the Portfolio Manager for Smart Materials in 2009; for Smart Mobility he had been Deputy Portfolio for since strategy launch in 2018 and took over the portfolio management responsibilities in 2021. He began his career at Credit Suisse Asset Management in Zurich in 2006. He graduated from the International Business at RSM Erasmus University (Bachelor), the Banking and Finance at the University of St. Gallen (Master) and is a CFA® charterholder. Clément Chamboulive is Co-Portfolio Manager of the Robeco Smart Mobility strategy and member of the Thematic Investing team. Prior to joining in 2021, he was at the Swiss investment firm 2Xideas, where he worked as an Equity Analyst focusing on Technology and Semiconductors. Prior to that, he founded and ran Kerra GmbH, a provider of independent research and analysis to private and public sector entities. Before that, he spent four years with Baillie Gifford as an investment analyst/manager in different segments, where he started his career in 2011. Clément holds a BSc (Hons) from the University of Edinburgh and MSc from ETH Zurich, both in Physics. Giacomo Fumagalli is Co-Portfolio Manager of the Robeco Smart Mobility strategy and member of the Thematic Investing team. Prior to joining Robeco in 2019, he worked at Lemanik SA, an investment management company located in Lugano, where he was part of the Italian equities team that managed two mutual funds mainly invested in Italian stocks. Previous to that, he worked as Junior Portfolio Manager at Credit Suisse in Milano, where he started his career in 2012, covering European equities for UHNWI discretionary mandates and was Assistant Portfolio Manager of the CS Equity Italy mutual fund. Giacomo holds a M.Sc. in Finance from Bocconi University in Milano as well as a M.Sc. in Accounting and Control from the Rotterdam School of Management (Erasmus University). He is a CFA® charterholder.
Performance
Per period
Per annum
- Per period
- Per annum
1 month
-0.08%
1.76%
3 months
6.02%
8.47%
YTD
-1.31%
13.72%
1 year
-12.05%
18.34%
2 years
0.78%
15.88%
3 years
-3.88%
6.85%
5 years
11.84%
12.06%
Since inception 07/2018
8.99%
10.60%
2023
16.41%
23.79%
2022
-26.12%
-18.14%
2021
11.44%
21.82%
2020
62.54%
15.90%
2019
36.64%
27.67%
2021-2023
-1.40%
7.27%
2019-2023
16.31%
12.80%
Statistics
Statistics
Hit-ratio
- Statistics
- Hit-ratio
Tracking error ex-post (%)
The ex-post tracking error is defined as the volatility of the fund's achieved excess return over the index return. In fund management, most managers are subject to an ex-ante (pre-determined) tracking error, which defines the extent of the additional risk they may take when aspiring to outperform the fund's benchmark. The ex-post tracking error explains the distribution of past fund performances compared to those of its underlying benchmark. With a higher tracking error, the fund's returns deviate more from its index's returns, hence there is a greater chance that the fund may outperform. The wider the spread of returns relative to the benchmark, the more "actively" a fund has been managed. In contrast, a low tracking error indicates more "passive" management.
16.34
16.68
Information ratio
This ratio serves to evaluate the quality of the excess return a fund manager has achieved because it takes the active risk involved into account. The information ratio is defined as the excess return over the benchmark return divided by the fund's tracking error. The higher the information ratio, the better. For example, a fund with a tracking error of 4% and an excess return of 2% over benchmark has an information ratio of 0.5, which is quite good.
-0.59
0.06
Sharpe ratio
This ratio measures the risk-adjusted performance and allows the performance quality of different investments to be compared. It is calculated by subtracting the risk-free rate from the fund's returns and dividing the result by the fund's standard deviation (risk). So the Sharpe ratio tells us whether a fund's returns are the result of smart investment decisions or stem from taking extra risk. The higher the ratio, the better, meaning that a greater return is achieved per unit of risk. This ratio is named after its inventor, Nobel Laureate, William Sharpe.
-0.23
0.38
Alpha (%)
Alpha measures the difference between a portfolio's actual return and its expected performance, given the level of risk, compared to the benchmark. A positive alpha figure indicates that the fund has performed better than expected, given the level of risk. Beta is used to calculate the level of risk compared to the benchmark..
-8.52
-0.26
Beta
Beta is a measure of a portfolio's volatility, or systematic risk, in comparison to the benchmark. A beta of 1 indicates that the portfolio will move with the benchmark. A beta of less than 1 means that the portfolio will be less volatile than the benchmark. A beta of more than 1 indicates that the portfolio will be more volatile than the benchmark. For example, if a portfolio's beta is 1.2 it is theoretically 20% more volatile than the benchmark.
1.35
1.32
Standard deviation
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread out the data is, the higher the deviation. In finance, standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility (risk).
27.71
28.18
Max. monthly gain (%)
The maximum (i.e. highest) absolute positive monthly performance in the underlying period.
15.78
26.61
Max. monthly loss (%)
The maximum (i.e. highest) absolute negative monthly performance in the underlying period.
-12.87
-17.03
Months out performance
Number of months in which the fund outperformed the benchmark in the underlying period.
18
33
Hit ratio (%)
This percentage indicates the number of months in which the fund outperformed in a given period.
50
55
Months Bull market
Number of months of positive benchmark performance in the underlying period.
21
38
Months outperformance Bull
Number of months in which the fund outperformed positive benchmark performance in the underlying period.
13
24
Hit ratio Bull (%)
This percentage indicates the number of months the fund outperformed a positive benchmark in an underlying period.
61.9
63.2
Months Bear market
Number of months of negative benchmark performance in the underlying period.
15
22
Months outperformance Bear
Number of months in which the fund outperformed negative benchmark performance in the underlying period.
5
9
Hit ratio Bear (%)
This percentage indicates the number of months the fund outperformed a negative benchmark performance in an underlying period.
33.3
40.9
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.
0.98%
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.
0.12%
Transaction costs
The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.
0.04%
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
Currency
Sector
Top 10
- Asset
- Currency
- Sector
- Top 10
Policies
The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions.
In principle the fund does not intend to distribute dividend and so both the income earned by the fund and its overall performance are reflected in its share price.
Robeco Smart Mobility is an actively managed fund that invests globally in companies involved in the transformation and decarbonization of the global transportation sector. 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's objective is also 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 furthes the decarbonization of the global transportation sector through investments in its electrification by investing in companies that advance the following UN Sustainable Development Goals (UN SDGs): Affordable and Clean Energy goal, Decent work and economic growth, Industry, innovation and infrastructure, Sustainable cities and communities, and Climate Action. The fund integrates ESG (Environmental, Social and Governance) factors in the investment process and applies sustainability indicators, including but not limited to Robeco’s Good Governance policy, normative, activity-based and region-based exclusions, carbon reduction target and proxy voting. The benchmark is a broad market weighted index that is not consistent with the sustainable objective of the Sub-fund. The Sub-fund will use the Custom Bloomberg Climate Transition Benchmark to monitor the carbon profile of the Sub-fund. The Custom Bloomberg Climate Transition Benchmark is consistent with the low carbon sustainable investment objective of the Sub-fund. It differs from a broad market index in that the latter does not take into account in its methodology any criteria for alignment with the Paris Agreement on greenhouse gas emission reduction and related exclusions.
Risk management is fully integrated into the investment process to ensure that positions always meet the investment guidelines.
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 transformation and decarbonization of the global transportation sector. The transformation and decarbonization of the global transportation sector and sustainability considerations are incorporated in the investment process by the means of a target universe definition, exclusions, ESG integration, a carbon footprint target 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. The fund's weighted carbon footprint will be equal to or better than that of its Climate Transition Benchmark. 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 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 TRN.
Market development
The month of July started with news that we are one step closer to robotaxis becoming an integral part of the mobility landscape, with Waymo opening up its paid, driverless, fully autonomous service in San Francisco to anyone who downloads the app. Waymo One is also available in Los Angeles, Phoenix, and soon Austin. In China, at 52% of the retail market in July, the majority of passenger vehicles were new energy vehicles (NEVs), representing a 31% increase in absolute volumes from July 2023, and bringing the penetration rate year-to-date to 43%.
Performance explanation
Based on transaction prices, the fund's return was -0.08%. Tesla's share price performed well during the month as investors responded positively to better-than-expected second-quarter deliveries. Towards the end of the month, the company released earnings that were below expectations, causing some profit-taking. TDK reported very solid quarterly results, beating expectations and making the previously given full-year profit guidance look easily achievable. STMicroelectronics was weak during the month, in which it lowered its growth expectations for its automotive products for the rest of the year. The majority of the cut in the company's revenue guidance was due to its industrial products, however, which suggests that this year will mark a trough. Renesas also brought down its outlook for automotive and industrial end markets in a similar fashion, precipitating a material fall in the share price.
Expectation of fund manager
![Pieter Busscher CFA](https://images.ctfassets.net/tl4x668xzide/74zy0FJYtmD5v50vJutOoc/36e23415046c4f124a49043dbb6989f3/pieter-busscher-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Pieter Busscher CFA
![Clément Chamboulive](https://images.ctfassets.net/tl4x668xzide/wawV7Tfpd4rV7ccKIpAV5/462d20893f2642d013d467fb7120dd33/clement-chamboulive-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Clément Chamboulive
![Giacomo Fumagalli](https://images.ctfassets.net/tl4x668xzide/2fIYn0hpkmjHm5mzLhgRCN/8b0ab759917c748bcb9b3acfe7eecbf1/giacomo-fumagalli-500px.jpg?fit=fill&w=162&h=162&f=center&fm=webp)
Giacomo Fumagalli
The underlying fundamentals (as reflected by the core themes addressed by the strategy) are very robust. Technology companies with strong and sustainable moats remain the focus of the strategy's investments. These companies focus on the development of high-voltage electric, low-voltage electronic and software-managed solutions that enable electrification, connectivity and autonomous driving. Other key enabling technologies include battery management systems, power inverters and artificial intelligence (AI). The strategy will also continue to seek exposure to the EV market as well as to companies helping to develop EV infrastructure worldwide.