Fixed Income Boutique Flexible Bonds

Vontobel Fund - Bond Global Aggregate

ISIN
LU1112751067
Valor
25475955

Fund strategy

Investment objective

This bond fund aims to generate the best possible investment returns over a full economic cycle, while respecting risk diversification.


Key features

The fund invests across both developed and emerging markets mainly in government and corporate bonds of diverse qualities with different maturities in various currencies. The fund uses derivative financial instruments both for hedging purposes and to gain selective exposures to interest rates, credit spreads as well as currencies.


Approach

The investment team's seasoned specialists continuously assess market conditions and future developments based on macro-economic, technical and valuation analyses. Accordingly, they allocate interest rate, credit and currency risks striving to capture profitable market evolutions and keep the fund¿s vulnerability to unfavorable markets low. Based on in-depth analysis at issuer level, they select those securities and instruments within the investment universe whose yield and/or hedging values convince them the most. The team flexibly adapts the portfolio to seize attractive opportunities whenever they occur.

117.06
NAV
-0.76%
Performance YTD
4 stars
As at Aug 04 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 EUR 2.4% -3.0% 2.0% 2.3% 14.5%
Index 0.4% 3.1% 2.5% 2.3% 14.0%

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 4.0% 1.6% 0.1% 6.1% 0.1%
Index 6.5% -2.2% -0.7% 4.6% 3.8%

Annual Performance

Risk Data

Portfolio Index
Tracking error 10.0%
Sharpe ratio 0.2
Information ratio negative
Jensens alpha -3.4%
Beta 2.0
Yield to maturity 4.7% 1.0%
Modified duration 4.5 7.2
Average rating BBB AA-
Number of positions 188.0 25'701
Active Share (country, issuer, ISIN) 57% / 86% / 89%
[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 Hervé Hanoune
Fund Domicile Luxembourg
Fund Currency EUR
Share Class Currency EUR
End of fiscal year 31 August
Index Bloomberg Barclays Global Aggregate Bond Index Hedged EUR
Share Class Launch date Oct 03 2014
Distribution type Accum
Swinging single pricing Yes
Fund Registrations AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, NO, PT, SE, SG
Share Class Registrations CH, DE, ES, FI, FR, IT, LU, NL, NO, SE, SG
Nav Information
Highest since launch 120.31
Lowest since launch 89.47
Fund volume in mln. EUR 638.38
Share class volume in mln. EUR 214.83
Fees And Expenses
Management fee 0.40%
Performance fee 20.00%
TER 2.00% (Feb 28 2020)
Identifiers
ISIN LU1112751067
Valor 25475955
Bloomberg VFBGAIA LX
WKN A143PL
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 LU1112750762 Dist Retail Oct 03 2014 0.80% 2.09% Feb 28 2020
AH (hedged) USD LU0035744662 Dist Retail Oct 25 1991 0.80% 2.05% Feb 28 2020
AHN (hedged) USD LU1683486143 Dist Retail Oct 11 2017 0.40% 2.55% Feb 28 2020
AN EUR LU1683486226 Dist Retail Oct 11 2017 0.40% 2.07% Feb 28 2020
B EUR LU1112750929 Accum Retail Oct 03 2014 0.80% 2.16% Feb 28 2020
H (hedged) USD LU0035745552 Accum Retail Oct 25 1991 0.80% 2.29% Feb 28 2020
H (hedged) CHF LU1181655199 Accum Retail Feb 13 2015 0.80% 1.98% Feb 28 2020
HI (hedged) USD LU0278091383 Accum Institutional Oct 25 1991 0.40% 2.07% Feb 28 2020
HN (hedged) CHF LU1683482159 Accum Retail Oct 04 2017 0.40% 1.83% Feb 28 2020
HN (hedged) USD LU1683482076 Accum Retail Oct 04 2017 0.40% 2.22% Feb 28 2020
I EUR LU1112751067 Accum Institutional Oct 03 2014 0.40% 2.00% Feb 28 2020
N EUR LU1612360716 Accum Retail May 30 2017 0.40% 2.06% 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

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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