Robeco Biodiversity Equities F USD

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.

Class and codes

Asset class
Equities
ISIN
LU2539441613
Bloomberg
RBCEQFU LX

Asset class

Equities

ISIN

LU2539441613

Bloomberg

RBCEQFU 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

Key points

Thematic investment opportunities in solutions and companies that sustainably use or help to restore nature’s resources
Strong tailwinds from regulation to better protect nature and changing consumer behavior to benefit biodiversity-aligned companies
Driving change through active engagement with companies 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

Per 31-8-2025

Total size of fund	USD 8,227,287.14
Size of share class	USD 3,878,760.87
Inception date share class	2022-10-31
1-year performance	6.77%
Dividend paying	No

Fund manager

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.

Per period	Fund	Reference index
1 month	3.38%	2.61%
3 months	4.36%	8.41%
YTD	13.27%	13.78%
1 year	6.77%	15.68%
2 years	11.92%	19.98%
Since inception 11/2022	11.69%	20.89%

Cost of this fund	Percentage
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.	0.06%

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.

Policies

Per 31-8-2025

Market development

Per 31-8-2025

Global markets extended their rally in August, with most major indices posting positive returns. Records continue to be broken despite geopolitical turmoil dominating headlines and growing concerns about the financial returns of AI investment. Nonetheless, the Nasdaq rose more than 1.5%, while the broader S&P 500 gained 2%. In Europe, performance was more subdued, with France once again the laggard, falling -0.9% as political uncertainty around proposed budget cuts weighed on confidence. Asian markets joined the rally, with Japan's Nikkei rising 4% and China's CSI posting an impressive 10% gain, supported by positive economic news and a renewed push for domestic tech.

Performance explanation

Per 31-8-2025

Based on transaction prices, the fund's return was 3.38%. The fund outperformed the broader market in August and was marginally ahead of the investable universe. Key drivers of performance this quarter included Montrose Environmental Group, VF Corp, and Lowe's, all of which responded positively to strong quarterly results. Montrose was a standout, surging 37% after beating earnings expectations by nearly 50% and raising full-year guidance. On the other hand, Beiersdorf, Zebra Technologies, and Veolia Environnement weighed on performance. Beiersdorf came under pressure after downgrading FY25 guidance, citing a more challenging US consumer environment. While we remain confident in the group's medium to long-term prospects, we acknowledge that it may take time to rebuild investor confidence. Zebra also sold off following its results, primarily due to market skepticism surrounding the acquisition of Elo Touch Solutions

Expectation of fund manager

David Thomas

As we move further into the second half of 2025, geopolitical concerns will remain on high alert and will require foresight and patience to navigate. We continue to pursue investments that meet our long-term criteria of having a defendable and sustainable competitive advantage with prudent financial exposure. Now that the tariffs have come into effect, the scale of the impact on global trade and corporate profitability will set the tone for the market.

A provision for exchange rate fluctuation when representations are made in foreign currencies (i.e. Any representations made which are not denominated in HKD/ USD/ EUR) may expose investors to exchange rate fluctuations.

Investment involves risks. Past performance is not indicative of future performance. The information contained in this website is provided for reference only and does not constitute any investment advice. Investors are advised to seek independent advice before making any investment decision. Please refer to the relevant offering documents for details including the risk factors before making any investment decisions. This web page is published by Robeco Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.

Positive distribution yield does not imply positive return. Investors should not make any investment decision solely based on information contained in the table. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

Annualized dividend yield is calculated with the following formula: (Dividend payout per share / Net Asset Value (NAV) per share on the last business day of the previous month the dividend was paid in) x (12 / Number of month(s) since the last dividend payment) x 100%. Positive distribution yield does not imply a positive return. The yield figure is for reference only.

Where a reference is made to the frequency of dividend distributions, this frequency is an aim and not a guarantee. The fund may at its discretion pay dividend out from capital. Dividend yield is not guaranteed, and is not indicative the return of the Fund. The yield figure is for reference only. The fund may at its discretion to pay dividend out from capital. Distributions out of capital may result in the reduction of an investor’s original capital invested in the Sub-fund or from any capital gains attributable to that original investment of the Sub-fund. Also, any distributions involving the capital and/or capital gains may result in an immediate reduction of the net asset value per share of the relevant class. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. If there is a change of distribution policy of the Sub-fund, the Management Company will seek the prior approval of the Securities and Futures Commission in Hong Kong ('SFC') and provide at least one month’s prior notice to affected Shareholders.

Robeco Biodiversity Equities F USD

Investing in companies that benefit from the transition to a nature-positive world

Key points

About this fund

Key facts

Fund manager

Performance

Costs

Fiscal product treatment

Fiscal treatment of investor

Fund allocation

Policies

Profile

Sustainability

Market development

Performance explanation

Expectation of fund manager

Fund documents

Annual and Semi-Annual Reports

Announcements

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