This equity fund aims to achieve long-term capital growth and to promote environmental and social characteristics, while respecting risk diversification.
The fund invests globally in companies that enable an orderly transition towards a net-zero world and focuses on upstream resources mainly in materials and low carbon energy including technologies that reduce the negative environmental impact and promote recycling, with the pillars named “Enabling Materials” and “Low Carbon Energy”.
The seasoned investment specialist team takes longer-term high-conviction investment decisions based on in-depth analyses. In pursuit of the fund's goal to promote environmental and social characteristics, the team excludes controversial sectors, applies specific ESG (Environmental, Social, Governance) criteria to avoid the worst laggards, tracks doubtful activities, and ensures voting as well as engagement with the portfolio companies. The team actively adapts portfolio positions to seize attractive new opportunities while controlling the risks, always in line with their latest assessment of investment conditions.
An orderly transition towards a net zero world is materials intensive and requires energy security and stability while scaling up clean alternatives. Asset owners can contribute to accelerate change and benefit from investing in the upstream pillars of the green transition value chain, which spans from basic resources to technology enablers.
The companies we pick for our portfolio contribute to at least one of the upstream pillars of the green transition.
As of today, we still need to rely on primary mining to build tomorrow’s net-zero world as the generation of renewable energy requires more input materials compared to fossil fuel energy generation, or a fully electric vehicle uses a multiple of materials compared to an internal combustion engine car. Over time mineral sourcing should come mainly from recycling.
As of today, fossil fuels are still essential to ensure energy security, stability, and affordability but they result in very different environmental consequences. Over time the energy sector will have to lower the carbon intensity of its energy production and manage a balanced and responsible transition to renewable energy sources.
Our aim is to deliver an unconstrained high-conviction portfolio. This requires an investment process focused on disciplined bottom-up security selection based on in-depth company analyses that integrate financial and sustainability criteria.
Our experienced portfolio managers Stephan Eugster and Romain Hohl are responsible for Vontobel Fund – Transition Resources. They are supported by a team of investment experts able to conduct financial as well as sustainability analyses. Being active asset managers, we rely on our own in-house fundamental research.
All data is as at 28 Feb 2026 unless otherwise indicated.
| 1M | YTD | 1Y | 3 yrs p.a. | 5 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|---|
| B EUR | 10.5% | 25.0% | 60.3% | 14.9% | 7.9% | 249.2% |
| Index | 10.9% | 20.8% | 30.8% | 23.6% | 16.9% | 823.7% |
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| B EUR | 30.0% | 7.3% | -9.5% | -14.9% | 9.1% | 36.2% | 9.5% | -25.5% | 2.3% | 10.4% |
| Index | 10.8% | 25.3% | 18.1% | -13.0% | 29.8% | 6.3% | 30.0% | -4.1% | 7.5% | 10.7% |
| Portfolio | Index | |||
|---|---|---|---|---|
| Volatility | 16.4% | 11.6% | ||
| Sharpe Ratio | 0.7 | |||
| Information Ratio | negative | |||
| Tracking error | 11.6% | |||
| Active Share (country, issuer, ISIN) | 35% / 88% / 89% | |||
| [3 years annualized] | ||||
All data is as at 12 Mar 2026 unless otherwise indicated.
| Portfolio Manager | Romain Hohl/Stephan Eugster |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | EUR |
| Risk Level | 6.00 (16 Feb 2026) |
| Year End | 31 August |
| Index | S&P Global Natural Resources Net Total Return Index |
| Share Class Launch Date | 17 Nov 2008 |
| Distribution Type | Accumulating |
| Swing Pricing | No |
| SFDR Classification | Article 8 |
| Fund Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, PT, SE, SG |
| Share Class Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NO, SE, SG |
| Highest since launch | 351.81 |
|---|---|
| Lowest since launch | 86.94 |
| Fund size in mln. | EUR 115.60 |
| Share class size in mln. | EUR 33.82 |
| Management Fee | 1.65% |
|---|---|
| Max Management Fee | 1.65% |
| TER* | 2.11% (29 Aug 2025) |
| OCF | 1.92% (16 Feb 2026) |
| Luxembourg Taxe d Abonnement | 0.05% |
| ISIN | LU0384406160 |
|---|---|
| Ticker | VONRESB |
| CUSIP | L9679R678 |
| Valor | 4513032 |
| Bloomberg | VONRESB LX |
| SEDOL | B7XG9H3 |
| WKN | A0RCVS |
| Investment Manager | Vontobel Asset Management AG, Zürich |
|---|---|
| Depositary | State Street Bank International GmbH (Luxembourg Branch) |
| Management Company | Vontobel Asset Management SA, Luxembourg |
| Swiss Paying Agent | Bank Vontobel AG |
| Swiss Representative | Vontobel Fonds Services AG |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management Fee | TER* |
|---|---|---|---|---|---|---|---|
| A | CHF | LU1407930194 | Distributing | Retail | 29 Jul 2016 | 1.65% | 2.11% (29 Aug 2025) |
| A | EUR | LU0384406087 | Distributing | Retail | 17 Nov 2008 | 1.65% | 2.11% (29 Aug 2025) |
| AN | EUR | LU1683485418 | Distributing | Retail | 10 Oct 2017 | 0.82% | 1.28% (29 Aug 2025) |
| B | EUR | LU0384406160 | Accumulating | Retail | 17 Nov 2008 | 1.65% | 2.11% (29 Aug 2025) |
| B | CHF | LU1407930277 | Accumulating | Retail | 29 Jul 2016 | 1.65% | 2.11% (29 Aug 2025) |
| C | USD | LU0571082402 | Accumulating | Retail | 1 Feb 2011 | 2.25% | 2.71% (29 Aug 2025) |
| C | EUR | LU0384406244 | Accumulating | Retail | 17 Nov 2008 | 2.25% | 2.71% (29 Aug 2025) |
| H (hedged) | CHF | LU0469623382 | Accumulating | Retail | 12 May 2011 | 1.65% | 2.14% (29 Aug 2025) |
| HN (hedged) | CHF | LU1683485509 | Accumulating | Retail | 10 Oct 2017 | 0.82% | 1.31% (29 Aug 2025) |
| I | EUR | LU0384406327 | Accumulating | Institutional | 17 Nov 2008 | 0.82% | 1.24% (29 Aug 2025) |
| N | USD | LU2269201534 | Accumulating | Retail | 17 Dec 2020 | 0.82% | 1.28% (29 Aug 2025) |
| N | EUR | LU0952815594 | Accumulating | Retail | 22 Jul 2013 | 0.82% | 1.28% (29 Aug 2025) |
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 28 Feb 2026 unless otherwise indicated.
View all documents View latest documents
| Document | Date | DE | EN | ES | FR | IT |
|---|---|---|---|---|---|---|
| Factsheets & Commentaries | ||||||
| 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 | |||||
| Factsheet | Feb 2025 | |||||
| Factsheet | Jan 2025 | |||||
| Factsheet | Dec 2024 | |||||
| Factsheet | Nov 2024 | |||||
| Factsheet | Oct 2024 | |||||
| Factsheet | Sep 2024 | |||||
| Monthly Commentary | Jan 2026 | |||||
| Monthly Commentary | Dec 2025 | |||||
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||||||
| PRIIPs KIDs | ||||||
| Key Information Document (KID) | Feb 2026 | |||||
| Legal Documents | ||||||
| AGM EGM invitation | Jan 2026 | |||||
| Articles of Association | Apr 2016 | |||||
| Merger plan | Jun 2016 | |||||
| Notification to Investors | Dec 2025 | |||||
| Notification to Investors | Aug 2025 | |||||
| Notification to Investors | Apr 2025 | |||||
| Notification to Investors | Dec 2024 | |||||
| Notification to Investors | Oct 2024 | |||||
| Notification to Investors | Sep 2024 | |||||
| Notification to Investors | Jun 2024 | |||||
| Notification to Investors | May 2023 | |||||
| Notification to Investors | Nov 2022 | |||||
| Notification to Investors | Jan 2022 | |||||
| Notification to Investors | Sep 2021 | |||||
| Notification to Investors | Jul 2021 | |||||
| Notification to Investors | May 2021 | |||||
| Notification to Investors | Mar 2021 | |||||
| Notification to Investors | Feb 2021 | |||||
| Notification to Investors | Nov 2019 | |||||
| Sales Prospectus | Jan 2026 | |||||
| View more Legal Documents View less Legal Documents | ||||||
| Sustainability Related Disclosures | ||||||
| Exclusion Framework | Jan 2026 | |||||
| Periodic Disclosure | Aug 2025 | |||||
| Pre-contractual Disclosure | Jan 2026 | |||||
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2025 | |||||
| Sustainability Related Disclosures | Jan 2026 | |||||
| Swiss Climate Scores | Feb 2026 | |||||
| Financial Reports | ||||||
| Annual Distribution | Nov 2025 | |||||
| Annual Distribution | Nov 2024 | |||||
| Annual Report | Aug 2025 | |||||
| Distribution Dates | Jan 2026 | |||||
| Quarterly Distribution | Dec 2025 | |||||
| Quarterly Distribution | Sep 2025 | |||||
| Quarterly Distribution | Jun 2025 | |||||
| Quarterly Distribution | Mar 2025 | |||||
| Quarterly Distribution | Dec 2024 | |||||
| Quarterly Distribution | Sep 2024 | |||||
| Quarterly Distribution | Jun 2024 | |||||
| Quarterly Distribution | Mar 2024 | |||||
| Semi-Annual Report | Feb 2025 | |||||
| Semi Annual Distribution | Apr 2025 | |||||
| Semi Annual Distribution | Apr 2024 | |||||
| Semi Annual Distribution | Apr 2023 | |||||
| View more Financial Reports View less Financial Reports | ||||||
| Dealing Information | ||||||
| Holiday Calendar 2026 | Jan 2026 | |||||
| List of Active Retail Share Classes | Jan 2025 | |||||
| Policies | ||||||
| Sanctioned Countries | Oct 2022 | |||||
| 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
Information on how sustainable investment objectives are achieved and how sustainability risks are managed in this Sub-Fund may be obtained here.
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.
