Fixed Income Boutique Swiss Bonds

Vontobel Fund - Swiss Franc Bond

ISIN
LU0278084768
Valor
2870530

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 mainly in bonds denominated in Swiss francs with various maturities of diverse public and private issuers of good quality (investment grade). The fund may have limited exposure to such instruments and bonds denominated in other currencies or from issuers of lesser quality. The fund uses derivative financial instruments both for hedging purposes and to take outright market positions.


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.

135.98
NAV
-0.54%
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
I CHF 0.5% -0.9% 0.1% 0.4% 35.4%
Index 0.1% -0.3% 0.5% 0.5% 37.3%

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
I CHF 3.6% -1.9% -0.8% 2.3% -1.1%
Index 3.7% -2.5% -0.4% 2.9% -1.1%

Annual Performance

Risk Data

Portfolio
Volatility 3.7%
Sharpe ratio 0.2
Information ratio negative
Tracking error 1.0%
Jensens alpha -0.4%
Beta 1.0
Modified duration 5.3
Average maturity 6.0
Average coupon 1.2%
Yield to maturity 0.2%
[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 Juerg Bretscher
Fund Domicile Luxembourg
Fund Currency CHF
Share Class Currency CHF
End of fiscal year 31 August
Index SBI ® Foreign Rating AAA Total Return
Share Class Launch date Jun 12 2008
Distribution type Accum
Swinging single pricing Yes
Fund Registrations AT, CH, DE, ES, FR, GB, IT, LI, LU, PT, SE, SG
Share Class Registrations AT, CH, DE, FR, IT, LI, LU, SG
Nav Information
Highest since launch 140.01
Lowest since launch 99.93
Fund volume in mln. CHF 184.27
Share class volume in mln. CHF 78.46
Fees And Expenses
Management fee 0.20%
TER 0.55% (Feb 28 2020)
Identifiers
ISIN LU0278084768
Valor 2870530
Bloomberg VONSFJA LX
WKN A0MLTK
Parties
Depository RBC Investor Services Bank S.A.
Management Company Vontobel Asset Management S.A.
Swiss Paying Agent Bank Vontobel AG
Swiss Representative Vontobel Fonds Services AG

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee TER TER Date
A CHF LU0035736726 Dist Retail Oct 25 1991 0.65% 0.92% Feb 28 2020
AI CHF LU1331778172 Dist Institutional Dec 18 2015 0.20% 0.55% Feb 28 2020
AN CHF LU1683487463 Dist Retail Oct 12 2017 0.33% 0.59% Feb 28 2020
AQG CHF LU1374300454 Dist Institutional Mar 15 2016 0.20% 0.41% Feb 28 2020
B CHF LU0035738771 Accum Retail Oct 25 1991 0.65% 0.92% Feb 28 2020
C CHF LU0137003116 Accum Retail Jul 16 2007 1.05% 1.32% Feb 28 2020
G CHF LU1206762293 Accum Institutional Apr 10 2015 0.20% 0.41% Feb 28 2020
I CHF LU0278084768 Accum Institutional Jun 12 2008 0.20% 0.55% Feb 28 2020
N CHF LU1683481425 Accum Retail Oct 02 2017 0.33% 0.59% 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 4.4%
up to 1 year 4.4%
1 - 3 years 23.4%
3 - 5 years 23.9%
5 - 7 years 14.7%
7 - 10 years 15.0%
10 years and more 14.2%

Major bond positions

Bond Allocation
Unknown 95.6%
Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jun 2020
Monthly Commentary Jul 2020
KIIDs
KIID Jul 2020
Legal Documents
Articles of Association Apr 2016
Notification to Investors Apr 2020
Sales Prospectus Dec 2019
Financial Reports
Annual Report Aug 2019
Dividend Payout Jan 2019
Semi-Annual Report Feb 2020
Dealing Information
Holiday Calendar 2020 Jan 2020
List of Active Retail Share Classes Dec 2018
Policies
Sanctioned Countries Sep 2016
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

  • Investments in foreign currencies are subject to currency fluctuations

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