Vontobel Fund (CH) - Sustainable Swiss Franc Corporate Bond

Fixed Income Boutique Swiss Bonds
ISIN
CH0448102621
Valor
44810262
CUSIP
H9213G431
98.92
NAV
As at 27 Aug 2026
0.83%
Performance YTD
As of 31 Jul 2026

Investment objective

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


Key features

The fund invests worldwide mainly in corporate bonds in Swiss francs with various maturities of issuers of good quality (investment grade). The fund complies with Switzerland's regulatory investment restrictions for pension funds and seeks to promote environmental and social characteristics.


Approach

The investment team takes high-conviction decisions based on in-depth analyses. In pursuit of the fund's goal to promote environmental and social characteristics, the team uses a proprietary model to exclude issuers from the investment universe that do not meet specific ESG (Environmental, Social, Governance) criteria. The team continuously evaluates inefficiencies across global markets to identify the most remunerating opportunities across interest rates, credit spreads, and currencies. The team manages the fund actively with the aim to participate in favorable markets and keep the fund's vulnerability low in unfavorable markets.

Insights

Fixed Income Boutique
2026-07_Beneath-the-hawkish-headlines_teaser.jpg
Fixed Income Quarterly

Beneath the hawkish headlines: What’s next for the European Central Bank, Federal Reserve, and Bank of Japan?

The closure of the Strait of Hormuz reignited inflation concerns and prompted major central banks into a more hawkish stance. While inflation has risen, we believe the shock is temporary, making further ECB and Fed tightening unlikely. An additional hike from the BoJ is likely, in our view, but it risks moving too slowly.
Read more
Fixed Income Boutique
2026-05_global-credit-outlook-for-2026-navigating-credit-markets_teaser.jpg
Outlook

Global Credit Outlook for Summer 2026: Navigating credit markets

As we head into the summer, credit markets are navigating an increasingly complex landscape. Inflation pressures are building up - particularly in Europe - while central banks are diverging in their policy responses, with most preparing for tighter monetary policy. Meanwhile, recent market volatility has created dispersion across sectors and rating categories, opening doors for active managers.
Read more
Fixed Income Boutique
2026-03-02_fib_How-the-Federal-Reserve-teaser.jpg
Fixed Income Quarterly

How the Federal Reserve, Bank of Japan, and European Central Bank are balancing monetary and fiscal priorities

In the US and Japan, monetary policy is expected to support fiscal policy, even when central banks have other plans. Federal Reserve “Fed” Chair nominee Kevin Warsh's reform plans conflict with US President Donald Trump's preference for low rates, and the Bank of Japan's efforts to normalize policy clash with Prime Minister Sanae Takaichi's economic agenda.
Read more

All data is as at 31 Jul 2026 unless otherwise indicated.

Historical performance (net return %)

Cumulative performance

1M YTD 1Y 3 yrs p.a. 5 yrs p.a. Since Inception
AN CHF -0.6% 0.4% 0.4% 3.1% -0.2% 2.7%
Benchmark -0.7% 0.1% 0.2% 2.9% -0.2% 3.0%

Performance for calendar years

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
AN CHF 0.6% 5.3% 6.0% -10.8% -1.0% 0.0% 2.5% NA NA NA
Benchmark 0.2% 5.2% 6.1% -10.5% -0.9% 0.4% 2.7% NA NA NA

Portfolio characteristics

Portfolio Benchmark
Volatility 2.0% 2.2%
Sharpe Ratio 1.1
Information Ratio 0.8
Modified Duration 4.8 4.6
Yield To Maturity 1.1% 1.0%
Average Rating A- A
Active Share (country, issuer, ISIN) 19% / 51% / 73%
[3 years annualized]

Until 30.6.2025, the reference index of the fund was the Vontobel CHF Corporate Bond Index.

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, e.g. 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 27 Aug 2026 unless otherwise indicated.

Fund data
Portfolio Manager Mattia Trotter
Fund Domicile Switzerland
Fund Currency CHF
Share Class Currency CHF
Year End 28 February
Benchmark SBI Corporate TR Index
Share Class Launch Date 5 Dec 2018
Distribution Type Distributing
Last distribution 0.61 (9 Jun 2026)
Swing Pricing Eligible No
Fund Registrations CH
Share Class Registrations CH
Nav Information
Highest since launch 105.76
Lowest since launch 87.81
Fund size in mln. CHF 531.03
Share class size in mln. CHF 0.75
Fees And Expenses
Management Fee 0.14%
Max Management Fee 0.45%
TER* 0.22% (28 Feb 2026)
OCF 0.22% (28 Feb 2026)
Identifiers
ISIN CH0448102621
CUSIP H9213G431
Valor 44810262
Bloomberg VONSFAN SW
WKN A2PALT
Parties
Investment Manager Vontobel Asset Management AG, Zürich
Depositary State Street Bank International GmbH, Munich, Zurich Branch
Management Company Vontobel Fonds Services AG, Zürich
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*
A CHF CH1298950572 Distributing Retail 30 Oct 2023 0.40% 0.48% (28 Feb 2026)
AI CHF CH0049631762 Distributing Institutional 8 Apr 2009 0.14% 0.22% (28 Feb 2026)
AN CHF CH0448102621 Distributing Retail 5 Dec 2018 0.14% 0.22% (28 Feb 2026)
N CHF CH0445339549 Accumulating Retail 5 Dec 2018 0.14% 0.23% (28 Feb 2026)

Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.

* TER includes performance fee where applicable

All data is as at 31 Jul 2026 unless otherwise indicated.

Rating Structure

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Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jul 2026
Factsheet Jun 2026
Factsheet May 2026
Factsheet Apr 2026
Factsheet Mar 2026
Factsheet Feb 2026
Factsheet Jan 2026
Factsheet Dec 2025
Factsheet Nov 2025
Factsheet Oct 2025
Factsheet Sep 2025
Factsheet Aug 2025
Factsheet Jul 2025
Factsheet Jun 2025
Factsheet May 2025
Factsheet Apr 2025
Factsheet Mar 2025
View more Factsheets & Commentaries View less Factsheets & Commentaries
PRIIPs KIDs
Key Information Document (KID) Jul 2026
Legal Documents
Sales Prospectus Apr 2026
Sustainability Related Disclosures
Exclusion Framework Jan 2026
Swiss Climate Scores Jul 2026
Financial Reports
Annual Report Feb 2026
Semi-Annual Report Aug 2025
Dealing Information
Holiday Calendar 2026 Jan 2026
List of Active Retail Share Classes Jan 2025
Policies
Shareclass Naming Convention Jan 2026

RISKS

Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.

  • 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

Neither the Sub-Fund, nor the Management Company nor the Investment Manager make any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of an assessment of ESG research and the correct execution of the ESG strategy.

Any index or supporting data referred to is the intellectual property (including registered trademarks) of the applicable licensor. Any product based on an index is in no way sponsored, endorsed, sold or promoted by the applicable licensor and it shall not have any liability with respect thereto. Refer to vontobel.com/terms-of-licenses for more details.

Morningstar rating: © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.