Fixed Income Boutique Swiss Bonds

Vontobel Fund (CH) - Swiss Franc Corporate Bond

ISIN
CH0049631762
Valor
4963176

Fund strategy

Investment objective

This bond fund aims to generate steady income and achieve above-average investment returns over a full economic cycle, while respecting risk diversification.


Key features

The fund invests worldwide in corporate bonds denominated in Swiss francs with various maturities of issuers of good quality (investment grade). The fund uses derivative financial instruments both for hedging purposes and to take outright market positions. The fund complies with Switzerland's regulatory investment restrictions for pension funds


Approach

The agile investment specialist team has a long-standing experience and strong track record in Swiss-franc bond investing. They take high-conviction decisions based on in-depth macro-economic, relative-value and issuer analyses. The team continuously evaluates inefficiencies across global markets to identify the most remunerating opportunities within the investment universe across interest rates, credit spreads, and currencies. They can also draw upon the knowledge of their award-winning colleagues skilled in credit and emerging-market bond investing. While their focus is on risk/reward optimization, the team actively adapts the portfolio striving to participate in favorable markets and keep the fund's vulnerability low in unfavorable markets.

109.47
NAV
-0.87%
Performance YTD
3 stars
As at Aug 10 2020 As of Jun 30 2020

All data is as at Jun 30 2020 unless otherwise indicated.

Daily Performance

Periodic Performance

1M YTD 3Y 5Y SI
IA CHF 0.6% -1.6% 0.4% 0.6% 28.4%
Index 0.4% -1.0% 0.6% 0.7% 35.3%

Rolling Performance

Jul 01 2015 - Jun 30 2016 Jul 01 2016 - Jun 30 2017 Jul 01 2017 - Jun 30 2018 Jul 01 2018 - Jun 30 2019 Jul 01 2019 - Jun 30 2020
IA CHF 2.9% -1.0% 0.0% 3.0% -1.7%
Index 3.5% -1.8% -0.1% 3.3% -1.3%

Annual Performance

Risk Data

Portfolio
Volatility 4.6%
Sharpe ratio 0.2
Information ratio negative
Tracking error 0.9%
Jensens alpha -0.4%
Beta 1.1
Modified duration 6.1
Average maturity 6.4
Average coupon 0.8%
Yield to maturity 0.3%
[3 years annualized]
Past performance is not a reliable indicator of current or future performance. Performance data does not take into account any commissions and costs charged when shares of the fund are issued and redeemed, if applicable. The return of the fund may go down as well as up due to changes in rates of exchange between currencies. The value of the money invested in the fund can increase or decrease and there is no guarantee that all or part of your invested capital can be redeemed.

All data is as at Aug 10 2020 unless otherwise indicated.

Fund data
Portfolio Manager Manfred Büchler
Fund Domicile Switzerland
Fund Currency CHF
Share Class Currency CHF
End of fiscal year 28 February
Index Vontobel CHF Corporate Bond Index
Share Class Launch date Apr 08 2009
Distribution type Dist
Last distribution 0.40 (Jun 08 2020)
Fund Registrations CH
Share Class Registrations CH
Nav Information
Highest since launch 114.73
Lowest since launch 100.00
Fund volume in mln. CHF 613.08
Share class volume in mln. CHF 543.33
Fees And Expenses
Management fee 0.22%
TER 0.22% (Feb 28 2020)
Identifiers
ISIN CH0049631762
Valor 4963176
Bloomberg VIFSWBA SW
WKN A0RMWR
Parties
Depository RBC Investor Services Bank S.A.
Management Company Vontobel Fonds Services AG
Swiss Paying Agent Bank Vontobel AG , Raiffeisen Schweiz Genossenschaft St. Gallen

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee TER TER Date
AN CHF CH0448102621 Dist Retail Dec 05 2018 0.22% 0.28% Feb 28 2020
IA CHF CH0049631762 Dist Institutional Apr 08 2009 0.22% 0.22% Feb 28 2020
N CHF CH0445339549 Accum Retail Dec 05 2018 0.22% 0.28% Feb 28 2020
Click here to see an overview of our shareclass naming convention.

* TER includes performance fee where applicable

All data is as at Jun 30 2020 unless otherwise indicated.

Rating Structure

Maturity Structure

Maturity Weighting
Cash 0.9%
up to 1 year 1.1%
1 - 3 years 16.3%
3 - 5 years 29.2%
5 - 7 years 18.4%
7 - 10 years 19.5%
10 years and more 14.6%

Major bond positions

Bond Allocation
0.375% Emissionszentrale fuer Gemeinnuetzige Wohnbautraeger 1.5%
1.75% Emissionszentrale fuer Gemeinnuetzige Wohnbautraeger 2 1.2%
0.75% Citigroup 2026 1.1%
2.55% City of Zurich Switzerland 2036 1.1%
1% LafargeHolcim Ltd 2024 1.0%
0.252% Bank of America Corp 2026 0.9%
0.5% Canton of Basel-City 2035 0.9%
0.55% Mediobanca International Luxembourg SA 2023 0.9%
0.75% Emissionszentrale fuer Gemeinnuetzige Wohnbautraeger 2 0.9%
0.75% FCA Capital Suisse SA 2021 0.9%
Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jun 2020
KIIDs
KIID Jul 2020
Legal Documents
Investor Declaration Apr 2018
Sales Prospectus Mar 2020
Financial Reports
Annual Report Feb 2020
Dividend Payout Jan 2019
Final Report Oct 2018
Semi-Annual Report Aug 2019
Dealing Information
Holiday Calendar 2020 Jan 2020
List of Active Retail Share Classes Dec 2018
Policies
Shareclass Naming Convention Nov 2019
  • Limited participation in the potential of single securities

  • Success of single security analysis and active management cannot be guaranteed

  • It cannot be guaranteed that the investor will recover the capital invested

  • Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility

  • Interest rates may vary, bonds suffer price declines on rising interest rates

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