Robeco Flexible Allocation D EUR

Flexible strategy seeking alpha opportunities that targets cash+4% total return throughout the market cycle

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
Asset Allocation
ISIN
LU2819743191
Bloomberg
ROBFLDE LX

Asset class

Asset Allocation

ISIN

LU2819743191

Bloomberg

ROBFLDE LX

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

Key points

Multi-strategy approach leveraging best investment ideas from all of Robeco
Aims to outpace inflation, protecting and increasing the real value of investments
Unconstrained by a benchmark: dynamic allocation driven by Robeco’s 5-year Expected Returns

About this fund

Robeco Flexible Allocation is an actively managed global multi asset fund. The aim of the fund is to achieve long term capital growth by taking global exposure to asset classes such as equities, bonds, deposits, Alternative Investments and/or other generally accepted asset classes. The fund applies a flexible allocation strategy to various global asset classes, seeking to balance the trade-off between risk and return. This means the fund's portfolio composition will be determined and adjusted based on market conditions. The asset allocation strategy is subject to investments and volatility restrictions. The portfolio management team can also use other investment instruments to enhance the risk return profile of the fund.

Key facts

Per 31-08-2025

Total size of fund	EUR 28,362,167.98
Size of share class	EUR 76,095.97
Inception date share class	2024-07-09
1-year performance	1.79%
Dividend paying	No

Fund manager

Ernesto Sanichar
Arnout van Rijn
Daniel Lai

Ernesto Sanichar is Portfolio Manager and member of the Sustainable Multi Asset team. He responsible for the Robeco Multi Asset funds, Robeco ONE and Defined contribution funds. 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. Arnout van Rijn is Portfolio Manager and member of the Sustainable Multi Asset team. Previously, Arnout was CIO Asia Pacific, Co-Head of the Asia Pacific team and Lead Portfolio Manager of Robeco Asia Pacific Equities. Before that, he was Lead Portfolio Manager of Rolinco, one of Robeco's flagship global equity products. Before that, Arnout held several positions within the Robeco Equity department, covering European, Asian and American markets. From its inception in 1994 until 2000, he was Portfolio Manager of Robeco's Emerging Markets Equities fund. He started his career in the investment industry in 1990. Arnout holds a Master's in Business Economics from Erasmus University Rotterdam. Daniel Lai is Portfolio Manager Insurance & Pensions Solutions in the Sustainable Multi Asset Solutions team. He joined Robeco in 2012. His focus is modelling and implementing overlay strategies and matching portfolios in derivatives, government bonds and credits. He started his career with Cardano Risk Management in 2011. Daniel holds an Master’s in Econometrics from Erasmus University Rotterdam.

Per period	Fund	Reference index
1 month	0.17%	-
3 months	1.17%	-
YTD	1.19%	-
1 year	1.79%	-
Since inception 07/2024	1.27%	-

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.	1.51%
Included management fee A fee paid by the fund to the asset management company for the professional management of the fund.	1.30%
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.	0.16%

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.

Topic	Value
Exclusion based on negative screening	≥15%

Market development

Per 31-08-2025

Equities advanced in August, supported by strong earnings, moderating inflation, and expectations of lower interest rates. However, a weaker US dollar reduced gains for euro-based investors. Small caps outperformed large caps, helped by anticipated US rate cuts. Credit markets were also strong, with spreads tightening further in both the US and Europe, while emerging market debt benefited from the softer dollar. Regional equity performance was mixed. The US led with earnings well above expectations. Europe lagged as optimism over fiscal expansion faded, while sentiment in China improved, driven by an extended trade truce, upward earnings revisions, and measures to address overproduction. In fixed income, government bonds came under pressure as 'bond vigilantes' demanded higher yields in response to concerns over fiscal discipline. This steepened yield curves, suggesting long-term rates may face continued upward pressure. Gold rallied sharply, supported by geopolitical uncertainty, ongoing central bank demand, and reduced appetite for US Treasuries.

Performance explanation

Per 31-08-2025

Based on transaction prices, the fund's return was 0.17%. The Robeco Flexible Allocation Fund posted a 0.34% gain in August, marking its fourth consecutive month of positive returns. Equity exposure supported performance, driven by stronger-than-expected Q2 earnings globally, though emerging market equities underperformed and weighed on results. In fixed income, the fund maintained a relatively low duration profile, which was unfavorable as global bond markets rallied on rising expectations of a Fed rate cut in September, following softer non-farm payroll data and a perceived policy shift. However, increased allocation to short-term credits contributed positively. Curve strategies – holding a steepener in the US and a flattener in Australia – also added to performance, with the latter reflecting the view that rate cut expectations are excessive. Currency positioning was overall positive. While the long yen position did not contribute, the fund remains comfortable holding it, anticipating the Bank of Japan may be among the few central banks to raise rates in the coming months. A significant hedge on USD exposure proved highly beneficial, as the dollar weakened considerably against the euro. Equity beta remained steady at approximately 26%.

Robeco Flexible Allocation D EUR

Flexible strategy seeking alpha opportunities that targets cash+4% total return throughout the market cycle

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

Fund documents

Annual and Semi-Annual Reports

Announcements

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