Fixed Income Boutique Short Term Bonds

Vontobel Fund - Euro Short Term Bond

ISIN
LU0278091037
Valor
2870738

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 euros with different maturities of issuers of good quality (investment grade). The fund may have limited exposure to such bonds denominated in other currencies or from issuers of lesser quality. The average maturity of the portfolio must not exceed four years. The fund uses derivative financial instruments, mainly for hedging purposes.


Approach

The agile investment specialist team has a long-standing experience and strong track record in global bond investing. They make 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.

113.30
NAV
-0.47%
Performance YTD
4 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 SI
I EUR 0.7% -1.2% 0.1% 0.4%
Index 0.3% -0.3% 0.0% 0.1%

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 EUR NA NA -0.4% 1.5% -0.7%
Index NA NA -0.1% 0.6% -0.4%

Annual Performance

Risk Data

Portfolio Index
Yield to maturity 1.6% 0.0%
Modified duration 1.0 2.0
Volatility 2.6%
Average rating BBB A+
Average coupon 3.0% 1.8%
Average maturity 1.2 2.0
Active Share (country, issuer, ISIN) 43% / 88% / 97%
[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 Tolga Yildirim
Fund Domicile Luxembourg
Fund Currency EUR
Share Class Currency EUR
End of fiscal year 31 August
Index Bloomberg Barclays EuroAgg 1-3 Year
Share Class Launch date Jan 07 2009
Distribution type Accum
Swinging single pricing Yes
Fund Registrations AT, CH, DE, ES, FR, GB, IT, LI, LU, NL, PT, SG
Share Class Registrations AT, CH, DE, IT, LI, LU, SG
Nav Information
Highest since launch 114.05
Lowest since launch 109.10
Fund volume in mln. EUR 189.24
Share class volume in mln. EUR 52.13
Fees And Expenses
Management fee 0.15%
TER 0.32% (Feb 28 2020)
Identifiers
ISIN LU0278091037
Valor 2870738
Bloomberg VOEUMYI LX
WKN A0MKVH
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 EUR LU0120688915 Dist Retail Oct 24 2000 0.30% 0.51% Feb 28 2020
AN EUR LU1683489758 Dist Retail Oct 13 2017 0.15% 0.36% Feb 28 2020
B EUR LU0120689640 Accum Retail Oct 24 2000 0.30% 0.51% Feb 28 2020
C EUR LU0137009238 Accum Retail Jul 16 2007 0.70% 0.91% Feb 28 2020
HNG (hedged) CHF LU2061945882 Accum Retail Oct 28 2019 0.07% 0.28% Feb 28 2020
I EUR LU0278091037 Accum Institutional Jan 07 2009 0.15% 0.32% Feb 28 2020
N EUR LU1683481854 Accum Retail Oct 02 2017 0.15% 0.36% Feb 28 2020
NG EUR LU1650589689 Accum Retail Aug 04 2017 0.07% 0.22% Feb 28 2020
Click here to see an overview of our shareclass naming convention.

* TER includes performance fee where applicable

Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Jun 2020
Monthly Commentary Jun 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

  • Investment universe may involve investments in countries where the local capital markets may not yet qualify as recognised capital market

  • Investments in foreign currencies are subject to currency fluctuations

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