LU3306722268

Robeco QI Dynamic High Yield Fund SGD-Hedged (Dist.)(LU3306722268)

Fixed income
Global
SGD Cash
Distributing

Invest with

SGD cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims to provide long-term capital growth and offers diversified exposure to the global high yield corporate bond market, by investing primarily in CDS index derivatives.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers diversified exposure to the global high-yield corporate bond market through a purely quantitative, model-driven strategy. Synthetically replicates market exposure by combining highly-rated government bonds with Credit Default Swap indices to enhance liquidity and reduce transaction costs. Employs a proprietary dynamic market timing model to manage active positions across credit beta, duration, and regional allocations.

People

Led by an experienced portfolio management team with deep institutional expertise in quantitative fixed-income research and strategy development. Investment decisions are governed by a systematic framework where portfolio managers are explicitly prohibited from overriding quantitative model outputs. The team benefits from a collaborative environment that integrates quantitative research with insights from fundamental high-yield investment specialists.

Performance

Targets long-term capital growth and outperformance relative to the Bloomberg Global High Yield Corporate Index through active top-down positions. Targets a structural information ratio by generating alpha from lowly correlated drivers, including credit beta, duration, and regional timing.

Process

Employs a proprietary alpha engine that dynamically adjusts credit beta, regional allocation, and interest rate sensitivity based on macro, value, momentum, and seasonal factors. Incorporates an automatic risk management mechanism that scales down market exposure during periods of extreme volatility or significant credit spread widening. Replaces individual security selection with a diversified approach that equally weights constituents within the global CDS indices.

Cost

Access to the retail share class with trailer rebates to achieve the lowest possible fees.

How it fits in a portfolio

Serves as a robust allocation to global high-yield markets, offering benchmark-like returns with added systematic alpha. Provides a diversifying source of return that is lowly correlated with fundamental, bottom-up credit strategies. May underperform during rapid market recoveries when cash bonds sharply outperform CDS indices as liquidity recovers.

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Performance

Daily data as of 07 Jun 2026.

Returns

NAV

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

Total returns

All Time

3.50%

1 month

0.28%

Distributions

Frequency

Monthly

13 May 2026

Yield

5.63%

Risk metrics

Max drawdown

-1.31%

Volatility

6.73%

Top Exposures

Holdings

Regions

Sectors

Sell Protection on ITRAXX.EUROPE.CROSSOVER.45-V1.Jun.2031 (2031-06-20 Maturity)	39.63%
Sell Protection on CDX.NA.HY.46-V1.Jun.2031 (2031-06-20 Maturity)	27.15%
United States Treasury Notes 0.625% (2030-08-15 Maturity)	2.81%
Germany (Federal Republic Of) 0% (2030-08-15 Maturity)	2.47%
United States Treasury Notes 0.625% (2027-11-30 Maturity)	1.76%
United States Treasury Notes 3.875% (2029-12-31 Maturity)	1.72%
United States Treasury Notes 3.75% (2030-05-31 Maturity)	1.58%
Germany (Federal Republic Of) 0% (2029-08-15 Maturity)	1.40%
Netherlands (Kingdom Of) 0% (2027-01-15 Maturity)	1.40%
Netherlands (Kingdom Of) 0.75% (2027-07-15 Maturity)	1.33%
2 Year Treasury Note Future June 26 (2026-06-30 Maturity)	1.25%
United States Treasury Notes 3.625% (2029-08-31 Maturity)	1.10%
United States Treasury Notes 0.5% (2027-06-30 Maturity)	1.08%
United States Treasury Notes 3.5% (2029-09-30 Maturity)	1.08%
United States Treasury Notes 4.375% (2034-05-15 Maturity)	1.04%

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

1.02%0.62% p.a.

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Fund facts

ISIN

LU3306722268

Fund house

Robeco

Fund size

S$584M

As of 05 Jun 2026

Fund benchmark

Bloomberg Global HY Corp TR HUSD

Fund inception date

24 Mar 2026

Fund class currency

SGD

Fund share class

BxH SGD

Oldest share class ISIN

LU1045433247

Oldest share inception date

28 Mar 2014

Pricing frequency

Daily

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