Fixed Income Boutique Short Term Bonds

Vontobel Fund - Swiss Money

ISIN
LU0278086623
Valor
2870734

Fund strategy

Investment objective

This money-market 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 money-market instruments and short-term bonds denominated in Swiss francs 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 average maturity of the portfolio must not exceed 12 months. 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.


97.80
NAV
-0.55%
Performance YTD
As at Aug 04 2020

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

Daily Performance

Periodic Performance

1M YTD 3Y 5Y SI
I CHF 0.2% -0.6% -0.7% -0.4% -2.2%
Index -0.1% -0.3% -0.8% -0.9% -4.7%

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 0.2% -0.3% -0.5% -0.5% -1.0%
Index -0.9% -0.9% -0.9% -0.8% -0.7%

Annual Performance

Risk Data

Portfolio
Volatility 0.7%
Sharpe ratio 0.1
Information ratio 0.2
Tracking error 0.7%
Jensens alpha 0.1%
Beta 0.5
Modified duration 0.6
Average maturity 0.8
Average coupon 1.0%
Yield to maturity -0.0%
[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 04 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 3 Month CHF Libor
Share Class Launch date Apr 10 2014
Distribution type Accum
Swinging single pricing Yes
Fund Registrations AT, CH, DE, GB, IT, LI, LU, SE, SG
Share Class Registrations AT, CH, DE, GB, IT, LU, SG
Nav Information
Highest since launch 100.47
Lowest since launch 96.37
Fund volume in mln. CHF 121.25
Share class volume in mln. CHF 11.19
Fees And Expenses
Management fee 0.10%
TER 0.27% (Feb 28 2020)
Identifiers
ISIN LU0278086623
Valor 2870734
Bloomberg VOSWISI LX
WKN A0MKU7
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 LU0120694640 Dist Retail Oct 24 2000 0.15% 0.36% Feb 28 2020
B CHF LU0120694996 Accum Retail Oct 24 2000 0.15% 0.36% Feb 28 2020
I CHF LU0278086623 Accum Institutional Apr 10 2014 0.10% 0.27% Feb 28 2020
N CHF LU1683480617 Accum Retail Oct 02 2017 0.10% 0.31% 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 16.4%
up to 1/4 year 12.5%
1/4 - 1/2 year 19.9%
1/2 - 1 year 15.4%
1 - 2 years 24.3%
2 years and more 11.5%
Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jun 2020
KIIDs
KIID Jun 2020
Legal Documents
Articles of Association Apr 2016
Notification to Investors Jan 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

  • Money market investments are associated with risks of a money market, such as interest rate fluctuations, inflation risk and economic instability

Morningstar rating: © 2020 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.