Robeco Dynamic Allocation D EUR

Global multi-asset solution with a focus on capital growth maximization

Aandelenklassen Aandelenklassen 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.

Klasse en codes

Fondscategorie
Asset Allocation
ISIN
LU2776675683
Bloomberg
ROSDADE LX

Fondscategorie

Asset Allocation

ISIN

LU2776675683

Bloomberg

ROSDADE LX

Index

75% MSCI All Country World Index 25% Bloomberg Global Aggregate

Informatieverschaffing over duurzaamheid
Informatieverschaffing over duurzaamheid
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.

Artikel 8

Overzicht Rendement & kosten Portefeuille Duurzaamheid Commentaar Documenten

Kernpunten

Worldwide investments in multiple asset classes
Focus on capital growth maximization
Flexibility to seek the best risk-return opportunities

Over dit fonds

Robeco Dynamic Allocation is an actively managed global multi asset fund. The fund's objective is to achieve a better return than the index. The fund has a relatively high risk profile and uses asset allocation strategies mainly investing directly in equities and taking exposure to other asset classes such as bonds, deposits and money market instruments. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the riskreturn profile of the fund.

Belangrijke feiten

Per 31-07-2026

Totale fondsgrootte	EUR 213,402,325
Grootte van de shareclass	EUR 33,897
Ingangsdatum shareclass	19-03-2024
1-jaars rendement	13.78%
Dividenduitkerend	Nee

Fondsmanager

Ernesto Sanichar
Mathieu van Roon

Ernesto Sanichar is a portfolio manager with a focus on multi asset & equity solutions and member of the Investment Solutions team. His asset specialties are fixed income and FX. He has been part of Robeco's Investment Solutions department since 2005. Previously, he was Treasury Manager for four years. Prior to joining Robeco in 2001, Ernesto worked at ING Barings as a Product controller at the cash equities and derivatives desk for three years. Ernesto started his career in the investment industry in 1998. He holds a Master's in Financial Economics from Erasmus University Rotterdam. Mathieu van Roon is a portfolio manager with a focus on multi asset & equity solutions and member of the Investment Solutions team. He joined Robeco in 2011 within the Structured Investments department. Mathieu holds a Master’s in both Business Economics and Econometrics (cum Laude) from Erasmus University Rotterdam and is a Financial Risk Manager (FRM®).

Per periode	Fonds	Index
1 maand	-0.82%	-0.70%
3 maanden	4.76%	4.71%
YTD	8.89%	9.93%
1 jaar	13.78%	15.91%
2 jaar	9.71%	11.79%
Sinds oprichting 19-03-2024	9.92%	12.30%

Kosten van dit fonds	Percentage
Lopende kosten 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.	1.52%
Inbegrepen beheervergoeding A fee paid by the fund to the asset management company for the professional management of the fund.	1.30%
Inbegrepen serviceprovisie This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders' meetings and price publications.	0.16%
Transactiekosten The transaction costs shown are the average annual transaction costs over the last three years calculated in accordance with European regulations.	0.16%

Fiscale behandeling product

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.

Fiscale behandeling belegger

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.

Marktontwikkeling

Per 31-07-2026

Renewed tensions in the Middle East shaped financial markets throughout July. The escalation of geopolitical risks shifted investors' attention toward energy prices, inflation and interest rates. Major equity indices proved relatively resilient, but beneath the surface markets underwent a broader repricing. The escalation of hostilities between the United States and Iran pushed oil prices higher, reversing much of the improvement in inflation expectations seen during the second quarter. Central banks left rates unchanged but adopted a cautious tone as higher energy prices complicated the inflation outlook. Government bond yields rose, tightening financial conditions and weighing on fixed income. Corporate earnings generally exceeded expectations, supporting equity markets despite higher discount rates. However, returns became increasingly selective, with significant divergence across sectors and individual companies. US equities remained resilient, while European markets faced pressure from higher energy costs and rising bond yields. Emerging markets underperformed, largely due to a sharp correction in South Korean equities. Headline indices masked substantial differentiation.

Toelichting rendement

Per 31-07-2026

Based on transaction prices, the fund's return was -0.82%. The Sustainable Dynamic Allocation Fund was down 0.7% over the month, in line with the benchmark. Year-to-date performance is flat relative to the benchmark. Over the period, asset allocation made a positive contribution. This was driven mainly by active currency positions designed to improve portfolio resilience in uncertain markets. The standout contributor was the long Norwegian krone (NOK) position versus the euro. Rising Brent crude prices in July increased expectations for NOK demand from energy companies. On the fixed income side, the overweight in UK Gilts detracted as bond yields moved higher during the month. Equity selection was the main drag on performance. In particular, the sharp rotation away from semiconductors negatively affected the fundamental equity strategy in both developed and emerging markets. Within credit, performance benefited from an overweight in European credits versus US credits. Sector positioning contributed positively, with an underweight in technology and an overweight in subordinated financials, partly offset by an underweight in energy.

Verwachting van de fondsmanager

Ernesto Sanichar
Mathieu van Roon

Strong corporate earnings, stable economic growth and steady labor markets continue to provide a supportive backdrop for risk assets. At the same time, renewed geopolitical tensions in the Middle East have increased uncertainty just as equity valuations had returned to more demanding levels. We have therefore moved to a neutral tactical stance on equities. Markets reacted quickly to renewed tensions. Since then, earnings and economic data have been more reassuring than expected. Europe has remained more resilient than feared, while market leadership has continued to broaden, with the equal weighted S&P 500 outperforming its market capitalization weighted counterpart. If that continues, it would support a return to an overweight equity position. For now, bond markets appear to place too much emphasis on inflation risks. We continue to favor selective government bonds, particularly shorter-dated European maturities, while remaining cautious on longer-dated US Treasuries. Within corporate credit, we remain neutral in investment grade but underweight in high yield, reflecting unattractive valuations.

Robeco Dynamic Allocation D EUR

Global multi-asset solution with a focus on capital growth maximization

Kernpunten

Over dit fonds

Belangrijke feiten

Fondsmanager

Rendement

Koersontwikkeling

Kosten

Fiscale behandeling product

Fiscale behandeling belegger

Fondsallocatie

Policies

Marktontwikkeling

Toelichting rendement

Verwachting van de fondsmanager

Fondsdocumenten

(Half)jaarverslagen

Aankondigingen

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