This bond fund aims to achieve a positive absolute return over a period of three years by keeping a modest level of volatility, while respecting risk diversification.
The fund can invest worldwide, with a focus on Europe, in corporate bonds and similar fixed-interest and floating-rate securities in various currencies of diverse issuers of good quality (investment grade). The fund can use derivative financial instruments for hedging purposes.
The experienced and diverse investment team takes high-conviction decisions based on rigoros macro-economic, technical and issuer analyses. In line with their continuous assessment of market conditions and future developments, the team allocates interest-rate and cedit risks with the aim to benefit from any market environment. They select those securities and instruments within the investment universe in which they see the most rewarding yield and/or hedging values. The team actively adapts the portfolio to invest in attractive opportunities whenever they occur while keeping risks under control.
An easy to understand, long-only, unlevered fund that targets the very best risk-adjusted returns within fixed income.
From the beginning we built our team of investment professionals to reflect the structure of today’s fixed income market. From structuring and ratings specialists to trading and investment banking, we have people who know the bond markets inside out. Our team is deliberately drawn from a diverse range of nationalities and cultures. This is how we look to escape the echo chamber, using diverse insights from people who are not having the same conversations and reading the same press.
All data is as at Jun 30 2020 unless otherwise indicated.
|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|
|Interest rate duration||1.6|
|Number of positions||93.0|
|[Daily since inception]|
All data is as at Aug 10 2020 unless otherwise indicated.
|Portfolio Manager||TwentyFour Asset Management LLP|
|Share Class Currency||GBP|
|End of fiscal year||31 August|
|Share Class Launch date||Aug 28 2015|
|Fund Registrations||AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, NO, PT, SE, SG|
|Share Class Registrations||CH, FI, GB, LU, NO, SE, SG|
|Highest since launch||116.09|
|Lowest since launch||98.79|
|Fund volume in mln.||GBP 1,932.39|
|Share class volume in mln.||GBP 11.84|
|TER||0.51% (Feb 28 2020)|
|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|
|Share class||Currency||ISIN||Distrib.||Type||Launch date||Management fee||TER||TER Date|
|AH (hedged)||CHF||LU1380459195||Dist||Retail||Mar 23 2016||0.80%||1.01%||Feb 28 2020|
|AH (hedged)||USD||LU1380459351||Dist||Retail||Mar 23 2016||0.80%||1.01%||Feb 28 2020|
|AH (hedged)||EUR||LU1380459278||Dist||Retail||Mar 23 2016||0.80%||1.01%||Feb 28 2020|
|AHN (hedged)||EUR||LU1683487620||Dist||Retail||Oct 12 2017||0.40%||0.61%||Feb 28 2020|
|AHN (hedged)||CHF||LU1734078154||Dist||Retail||Dec 11 2017||0.40%||0.61%||Feb 28 2020|
|AI||GBP||LU1267852249||Dist||Institutional||Aug 28 2015||0.40%||0.51%||Feb 28 2020|
|AQHN (hedged)||EUR||LU1331789450||Dist||Retail||Dec 18 2015||0.40%||0.61%||Feb 28 2020|
|AQHNG (hedged)||USD||LU1410502493||Dist||Retail||May 18 2016||0.25%||0.46%||Feb 28 2020|
|AQN||GBP||LU1331789377||Dist||Retail||Dec 18 2015||0.40%||0.55%||Feb 28 2020|
|AQNG||GBP||LU1368730674||Dist||Retail||Feb 26 2016||0.25%||0.40%||Feb 28 2020|
|G||GBP||LU1273680238||Accum||Institutional||Aug 28 2015||0.25%||0.36%||Feb 28 2020|
|HI (hedged)||CHF||LU1599320444||Accum||Institutional||Apr 25 2017||0.40%||0.57%||Feb 28 2020|
|HI (hedged)||EUR||LU1331789617||Accum||Institutional||Dec 18 2015||0.40%||0.57%||Feb 28 2020|
|HI (hedged)||AUD||LU2191833487||Accum||Institutional||Jul 09 2020||0.40%|
|HN (hedged)||EUR||LU1734078238||Accum||Retail||Dec 11 2017||0.40%||0.61%||Feb 28 2020|
|HN (hedged)||USD||LU1767066357||Accum||Retail||Feb 09 2018||0.40%||0.61%||Feb 28 2020|
|I||GBP||LU1267852082||Accum||Institutional||Aug 28 2015||0.40%||0.51%||Feb 28 2020|
|N||GBP||LU1267852595||Accum||Retail||Aug 28 2015||0.40%||0.55%||Feb 28 2020|
* TER includes performance fee where applicable
All data is as at Jun 30 2020 unless otherwise indicated.
|Factsheets & Commentaries|
|Monthly Commentary||Jul 2020|
|Product Flyer||Oct 2019|
|Articles of Association||Apr 2016|
|Notification to Investors||Jan 2020|
|Sales Prospectus||Dec 2019|
|Annual Report||Aug 2019|
|Dividend Payout||Jan 2019|
|Semi-Annual Report||Feb 2020|
|Holiday Calendar 2020||Jan 2020|
|List of Active Retail Share Classes||Dec 2018|
|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
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
Morningstar rating: © 2020 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.