This fund promotes the transition from traditional energy production & distribution to cleaner, more sustainable methods. It invests globally in companies that provide solutions to the growing need for clean, reliable, affordable and distributed energy.
As global CO2 emissions continue to rise, electricity demand is expected to double by 2050. The challenge of greenifying the energy sector is therefore one of the main challenges in the face of climate change. Now, there is strong momentum in the growing clean energy space, as the economies worldwide join forces to decarbonize the energy sector through renewables, electrification, and improved energy infrastructure. Robeco invests in the energy transformation to a low-carbon future, captures strong growth potential of decarbonization, electrification, and digitization within the sector, and identifies early adopters (as well as key enablers) that contribute to the successful energy transition.
3 years annualised
Ongoing charges are annual costs associated with running a mutual fund. These encompass the fund's management fee, service or custody fees and other professional fees. Ongoing charges are usually based on the costs over the last calendar year and may vary from year to year. Fund specific breakdown of ongoing charges can be found at the bottom of this page or in fund's sales prospectus. The ongoing charges are automatically counted in the investment performance.
A risk profile of a single stock or a mutual fund is an evaluation of the level of risk. It is assessed with a score from 1 to 7. The score is calculated with a standardized methodology based on the level of the volatility of the fund displayed during the previous 5 years.
The higher the value of the volatility the higher is the risk. A score of 1 is associated to lower risk, while a score of 6-7 to higher risk.
The estimated carbon footprints provide a static snapshot of how much CO2e emissions could be associated with an investment, assuming a one-year holding period. Estimates are based on Scope 1 and 2 emissions data from 2021. The analysis shows the estimated footprint associated with 1000€ invested. If you are curious, you can read more about how these are calculated.
The estimated water footprints provide a static snapshot of how much water usage could be associated with an investment, assuming a one-year holding period. Estimates are based on fund data from 2021. The analysis shows the estimated footprint associated with 1000€ invested. If you are curious, you can read more about how these are calculated.
The annual renewable energy generated by companies in the fund during the last calendar year is calculated based on publicly disclosed data.
The annual change in CO2e emissions by companies in the fund is calculated by comparing companies’ total CO2e emissions from the latest two calendar years.
Johnson Controls International plc
Some of the innovative companies in the fund offering solutions to achieve a low-carbon future.
Schneider Electric is on a mission to provide the world with a way to equip each and everyone with access to energy while also fighting climate change at the same time. It operates through two segments: Energy Management and Industrial Automation. The company commits to reduce absolute Scope 1 & 2 GHG emissions by 100% and absolute Scope 3 emissions by 35% until 2030 from a 2017 base year.
Analog Devices, Inc. designs, manufactures and markets integrated circuits used in analog and digital signal processing. The company's products are used in communications, computers, industrial, instrumentation, military, aerospace, automotive, and high-performance consumer electronics applications. Analog Devices Inc aims to reduce its CO2 emissions by 50% until 2025, use only renewable energies in their manufacturing sites by 2025, and achieve carbon neutrality by 2030.
Azbil Corporation provides automation products and services worldwide. It operates through three segments: Building Automation Business, Advanced Automation Business, and Life Automation Business. Azbil Corporation commits to reduce absolute Scope 1 & 2 GHG emissions by 30% until 2030 from a 2013 base year, as well as Scope 3 emissions by 20% until 2030 compared to 2017. In that way, the company is consistent with a temperature target of keeping warming to 2°C.
Robeco has a solid track record in sustainable investment fund strategies. The RobecoSAM Smart Energy Equities is no exception: it has a sustainability-driven investment objective that is in line with the Principles for Responsible Investing (PRI), the EU’s Article 9 Regulation, and numerous UN Sustainable Development Goals, such as Affordable & Clean Energy (SDG 7) and Industry, Innovation & Infrastructure (SDG 9). In addition, the fund screens for ESG criteria, uses a proprietary Robeco SDG framework, and, among other things, also checks for “Do No Significant Harm” criteria that are aligned with the UNGC and OECD Guidelines, as well as the UN Universal Declaration of Human Rights, the International Labor Organization’s (ILO) labor standards, and the UN Guiding Principles for Business and Human Rights (UNGPs).
As sustainability risks could cause an actual or potential negative impact on the value of investments, climate change considerations are therefore fully integrated into the research process, from both an impact and risk perspective. As its investment objective, the fund targets companies that contribute positively to the mitigation of climate change. Further, the fund applies a full ESG integration on material climate issues, fossil fuel exclusions, and engagement with companies on climate strategy. RobecoSAM Smart Energy Equities is therefore considered to have a resilient, low-risk portfolio in regards to climate change. As of 2022, the fund will also integrate Principle Adverse Impact as yet another measure to mitigate governance risk in its portfolio.
Carrying out stewardship responsibilities is an integral part of Robeco’s Sustainable Investing approach. RobecoSAM Smart Energy Equities fund has a dedicated active ownership strategy, which means that they engage with the portfolio companies on climate strategies, encourage good governance and sustainable corporate practices, and conduct proxy voting. Through their enhanced engagement program, Robeco acts to address any potential misconduct of companies in which they invest. Altogether, this positively contributes to long-term shareholder value creation, as well as the betterment of society overall.
The fund ongoing charges are 1.71% and automatically counted in the investment performance report. Here’s a detailed breakdown of the major cost components:
The ongoing charges are comprised of
A management fee of [ii]
A service fee of [iii]
Expected transaction costs are [v]
[i] Annual charges that are deducted for this fund. This 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.
[ii] This fee is intended to cover official fees, such as the cost of annual reports, annual shareholders’ meetings, and price publications.
[iii] A fee paid by the fund to the asset management company for the professional management of the fund.
[iv] Since the fund is established in Luxembourg it is subject to the Luxembourg tax laws and regulations. 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.
[v] The transactional costs shown are the average annual transaction costs over the last three years, calculated in accordance with the EU regulations.