Multi Asset Boutique Commodities

Vontobel Fund - Non-Food Commodity

ISIN
LU1106544999
Valor
25360743

Fund strategy

Investment objective

This commodity fund aims to achieve capital growth, while respecting risk diversification.


Key features

The fund invests indirectly in global energy as well as precious and industrial metals commodity markets. A diversified basket of commodity investments seeks to capture returns from commodity spot price developments as well as from active rolling of commodity future contracts. The fund excludes agriculture and livestock commodity sectors from its investment universe for sustainability reasons.


Approach

The investment team of seasoned commodity specialists adheres to a rigorous process when identifying the most promising opportunities within the investment universe. The team applies a proprietary quantitative strategy to dynamically select commodities and take active positions on commodity futures curves. The strategy aims to exploit the commodity risk premia that commodity producers and consumers pay to protect themselves against commodity spot price volatility.

82.69
NAV
-0.51%
Performance YTD
As at Aug 10 2020

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

Daily Performance

Periodic Performance

1M YTD 3Y 5Y SI
I USD 3.8% -14.4% -1.5% -4.4% -28.9%
Index 3.5% -21.4% -3.5% -6.0% -36.5%

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 USD -10.5% -6.5% 19.0% -9.1% -11.8%
Index -15.6% -3.4% 18.0% -6.4% -18.5%

Annual Performance

Risk Data

Portfolio
Volatility 18.4%
Sharpe ratio negative
Information ratio 0.3
Tracking error 5.9%
Jensens alpha 1.7%
Beta 0.9
[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 Kerstin Hottner
Fund Domicile Luxembourg
Fund Currency USD
Share Class Currency USD
End of fiscal year 31 August
Index Bloomberg Commodity ex-Agriculture and Livestock Capped Index TR
Share Class Launch date Nov 28 2014
Distribution type Accum
Fund Registrations AT, CH, DE, ES, FI, GB, IT, LI, LU, NL, NO, PT, SE
Share Class Registrations AT, CH, FI, GB, IT, LI, LU, NL, NO, SE
Nav Information
Highest since launch 102.00
Lowest since launch 56.82
Fund volume in mln. USD 237.26
Share class volume in mln. USD 19.39
Fees And Expenses
Management fee 0.75%
TER 1.03% (Feb 28 2020)
Identifiers
ISIN LU1106544999
Valor 25360743
Bloomberg VFBNFIA LX
WKN A143PD
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
B USD LU1106544643 Accum Retail Nov 28 2014 1.50% 1.82% Feb 28 2020
H (hedged) CHF LU1106545293 Accum Retail Nov 28 2014 1.50% 1.88% Feb 28 2020
HI (hedged) CHF LU1106545533 Accum Institutional Nov 28 2014 0.75% 1.09% Feb 28 2020
I USD LU1106544999 Accum Institutional Nov 28 2014 0.75% 1.03% Feb 28 2020
N USD LU1683489915 Accum Retail Dec 04 2017 0.75% 1.07% Feb 28 2020
S USD LU1106545020 Accum Institutional Nov 28 2014 0.00% 0.28% Feb 28 2020
S EUR LU2194484734 Accum Institutional Jul 07 2020 0.00%
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.

Major Sectors

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

  • Price fluctuations of investments due to market, industry and issuer linked changes are possible

  • Investments in foreign currencies are subject to currency fluctuations

  • Mid-yield bonds may be more speculative investments than bonds with a higher rating due to higher credit risk, higher price fluctuations, a higher risk of loss of capital deployed

  • High-yield bonds (non-investment-grade bonds/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated bonds

  • Commodity investments might be subject to considerable volatility and exposed to sudden fluctuations over a long period. Various commodity markets may also be suject to direct government intervention that might cause extreme price volatility of commodity investments

  • The structure of ABS/MBS and the pools backing them might be intransparent which exposes the subfund to additional credit and prepayment risks (extension or contraction risks) depending on which tranche of ABS/MBS is purchased by the subfund

  • Investments in alternative assets may suffer a total loss

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