Important risk disclosure

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LU2066015665

Robeco Credit Income Fund HKD-Hedged (Dist.)(LU2066015665)

Fixed income
Global
HKD Cash
Distributing

Invest with

HKD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims to maximize current yield and income for investors who are targeting a consistent level of income.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Offers exposure to multiple credit sectors including investment grade corporate bonds, high yield bonds and emerging markets bonds. Has a strong sustainability focus by investing in companies that contribute to the United Nations Sustainable Development Goals (SDGs). Actively managed to optimize for income and total return in the long term.

People

Run by Robeco credit team using the SDG framework developed by RobecoSAM. Robeco has more than 50 years of history investing in the credit market, and RobecoSAM has more than two decades of experience in sustainable investing research. Managed by two experienced portfolio managers, Reinout Schapers and Evert Giesen with complementary expertise. Supported by a stable and dedicated fundamental credit research team, as well as wider firm resources such as the quantitative credit team, and the sizable and specialised sustainability team.

Performance

Aims to deliver an attractive income and total return from a portfolio of global credits throughout the credit cycle, while focusing on downside protection in a bear market environment. Has historically been able to deliver attractive risk return versus credit markets benchmarks as well as peer funds.

Process

Investment philosophy is based on exploiting value opportunities created by a number of market inefficiencies that could exist in the credit market and is contrarian in nature. Fundamental bottom up credit selection is key to the process, and ESG considerations are fully integrated in the analysts' final views. Adopts an active asset allocation approach by adjusting exposure to each credit sub-sector based on the team's view on the credit cycle. For example, in the recovery phase, the team would increase allocation to high yield and emerging markets, while in the bear market phase, they would protect the portfolio by allocating more to investment grade and treasury. Incorporates a robust framework that maps companies based on their contribution to UN SDGs, and would only invest in companies that are not detracting from UN SDGs.

Cost

Access to retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access

How it fits in a portfolio

Investors looking for a well-managed active global credit portfolio would find this Fund attractive. The ESG integration and positive impact through the investment could be an added benefit for environmentally and socially-conscious investors. However, investors should note that the Fund tends to have substantial exposure to sectors with higher credit risk such as high yield bonds and emerging market bonds. It can therefore be subject to higher volatility because of this additional credit risk. It is advisable to diversify the allocation to this fund with other fixed income funds with lower volatility to suit your risk tolerance.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

13.68%

YTD

-1.27%

1 month

-2.29%

6 month

-0.50%

1 year

2.99%

3 year

15.62%

5 year

5.73%

As of Mar 2026

Distributions

5.08%

Frequency

Monthly

15 Apr 2026

Yield

5.38%As of Feb 2026

Risk metrics

Max drawdown

-16.87%As of Mar 2026

Volatility

7.04%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.5%	0.6%	-2.3%	-	-	-	-	-	-	-	-	-
2025	7.1%	1.1%	1.5%	0.1%	0.4%	0.7%	0.9%	0.3%	0.8%	0.5%	0.4%	0.2%	0.2%
2024	4.1%	0.8%	-1.0%	0.8%	-1.9%	1.7%	0.6%	2.3%	1.2%	0.9%	-1.2%	-0.1%	-0.1%
2023	7.2%	3.6%	-2.6%	1.2%	1.0%	-0.8%	-0.8%	0.9%	-0.5%	-1.4%	-1.0%	4.2%	3.5%
2022	-11.0%	-1.6%	-2.4%	-1.6%	-3.1%	0.6%	-4.0%	3.0%	-2.0%	-5.9%	0.2%	4.9%	0.8%
Load more		5 of 8

Top Exposures

Holdings

Regions

Sectors

5 Year Treasury Note Future June 26 (2026-06-30 Maturity)	31.77%
Euro Bund Future Mar 26 (2026-03-06 Maturity)	4.36%
Germany (Federal Republic Of) 1.3% (2027-10-15 Maturity)	3.30%
National Australia Bank Ltd. 0.625% (2027-03-16 Maturity)	1.50%
Banco Santander SA 2.375% (2029-07-14 Maturity)	1.17%
APA Infrastructure Ltd. 7.125% (2083-11-09 Maturity)	1.10%
Germany (Federal Republic Of) 0% (2031-08-15 Maturity)	1.02%
Aptiv PLC / Aptiv Global Financing DAC 6.875% (2054-12-15 Maturity)	0.96%
KBC Group NV 6%	0.95%
DnB Boligkreditt AS 0.25% (2026-09-07 Maturity)	0.91%
Viatris Inc 2.7% (2030-06-22 Maturity)	0.90%
Commonwealth Bank of Australia 3.768% (2027-08-31 Maturity)	0.86%
Bank of Nova Scotia 3.25% (2028-01-18 Maturity)	0.86%
Royal Bank of Canada 0.125% (2027-04-26 Maturity)	0.80%
Commerzbank AG 0.5% (2027-03-15 Maturity)	0.78%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.22%0.72% p.a.

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Fund facts

ISIN

LU2066015665

Fund house

Robeco

Fund size

HK$18.8B

As of 28 Apr 2026

Fund inception date

22 Oct 2019

Fund class currency

HKD

Fund share class

BXH

Oldest share inception date

20 Apr 2018

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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