Fixed Income Boutique Global Bonds

Vontobel Fund - Sustainable Global Bond

ISIN
LU1246874629
Valor
28531625

Fund strategy

Investment objective

This bond fund aims to achieve a stable performance and above-average investment returns over a full economic cycle, while considering specific sustainability criteria and respecting risk diversification.


Key features

The fund invests worldwide mainly in bonds of diverse public and private issuers of good quality (investment grade) in various currencies and with different maturities. 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 take high-conviction decisions based on in-depth macro-economic, relative-value and issuer analyses. They select issuers with a special focus on environmental, social and governance criteria, based on sustainability ratings of external research providers. The team continuously evaluates inefficiencies across interest rates, credit spreads, and currencies globally to identify the most remunerating opportunities. The team actively adapts the portfolio, while their focus is on risk/reward optimization.

110.67
NAV
4.31%
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 EUR 1.1% 2.7% 1.8% 1.7% 9.0%
Index 0.4% 3.1% 2.5% 2.3% 12.2%

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 4.7% -1.3% -1.3% 3.5% 3.2%
Index 6.5% -2.2% -0.7% 4.6% 3.8%

Annual Performance

Risk Data

Portfolio
Volatility 3.1%
Sharpe ratio 0.6
Information ratio negative
Tracking error 1.6%
Jensens alpha -0.7%
Beta 0.9
Modified duration 6.6
Average maturity 8.1
Average coupon 2.6%
Yield to maturity 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.
The investment policy was changed significantly as at 17.12.2019. The performance previously achieved was achieved under circumstances that are no longer valid today.

All data is as at Aug 10 2020 unless otherwise indicated.

Fund data
Portfolio Manager Anna Holzgang
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 Jun 30 2015
Distribution type Accum
Swinging single pricing Yes
Fund Registrations CH, DE, IT, LU
Share Class Registrations CH, DE, LU
Nav Information
Highest since launch 110.47
Lowest since launch 99.96
Fund volume in mln. EUR 151.90
Share class volume in mln. EUR 24.89
Fees And Expenses
Management fee 0.35%
TER 0.61% (Feb 28 2020)
Identifiers
ISIN LU1246874629
Valor 28531625
Bloomberg VONHIHD LX
WKN A14YWH
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
HI (hedged) USD LU1246874462 Accum Institutional Jun 30 2015 0.35% 0.67% Feb 28 2020
HI (hedged) CHF LU1246874892 Accum Institutional Jun 30 2015 0.35% 0.67% Feb 28 2020
HS (hedged) CHF LU1246875196 Accum Institutional Nov 13 2015 0.00% 0.25% Feb 28 2020
I EUR LU1246874629 Accum Institutional Jun 30 2015 0.35% 0.61% 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 Jul 2020
KIIDs
KIID Jun 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

  • There is no guarantee that all sustainability criteria will always be met for every investment. Negative impact on subfund's performance possible due to pursuing sustainable economic activity rather than a conventional investment policy

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