Vontobel Fund - Multi Asset Solution

Multi Asset Boutique Cautious Allocation
ISIN
LU1481721022
Valor
33721376
CUSIP
L967AN378
115.62
NAV
As at 13 Mar 2026
0.23%
Performance YTD

Investment objective

This multi-asset fund aims to achieve steady capital growth and promote environmental and social characteristics, while respecting risk diversification.


Key features

The fund invests worldwide across asset classes in securities of issuers meeting specific quality criteria, while bonds predominate and exposure to equities and indirect alternative investments (e.g., real estate or commodities) is limited. The fund seeks to promote environmental and social characteristics.


Approach

The investment team adheres to a rigorous process to find the most promising opportunities within the investment universe. Convinced to reach the best results by pairing human skills with quantitative excellence, the team combines qualitative analysis with cutting-edge technology. In pursuit of the fund's goal to promote environmental and social characteristics, the team considers ESG (Environmental, Social, Governance) criteria. To assess the security issuers' sustainability the team uses a proprietary ESG scoring model for equities and corporate bonds and a third-party ESG scoring model for government bonds. The team manages the fund actively to seize opportunities and control the risks.

Insights

Multi Asset Boutique
2025-12-19- quanta byte - 2026 Multi Asset Reloaded_teaser.jpg
Viewpoint

2026: Multi Asset Reloaded - Investors (Still) Need Diversification

As we approach 2026, high equity valuations, shifting inflation dynamics, and rising cross-asset dispersion are reshaping the investment landscape. With traditional portfolio strategies like the 60/40 model facing new challenges, diversification is becoming a practical necessity. The Solutions team explores how these structural shifts are driving the return of the multi-asset cycle and what it means for investors navigating this new market regime.
Read more
Multi Asset Boutique
2025-08-28_sectors-or-factors_teaser.jpg
Viewpoint

Sectors or Factors?

Our research shows sectors deliver both top and bottom returns, while factors—especially Quality, Dividend Strength and Minimum Volatility—offer more predictable, diversified, and stable performance. We use sectors tactically based on business cycle signals, but our strategic focus remains firmly on factors for consistent, risk-adjusted returns. Discover the Hybrid Investment team’s view on Minimum Volatility equity strategies over the business cycle at the Quantitative Investment Boutique.
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Multi Asset Boutique
2025-05-30_quanta_byte_Min Vol During High Vol_teaser.jpg
Viewpoint

Min Vol During High Vol

Minimum volatility strategies have outperformed in 2025, offering higher stability amid tariff shocks, economic slowdown, and geopolitical risks. With risk rising and safe havens limited, these strategies stand out—especially for cautious investors. Our models suggest continued economic headwinds, reinforcing our preference for defensive positioning and reduced equity exposure. Discover the Hybrid Investment team’s view on Minimum Volatility equity strategies over the business cycle at the Quantitative Investment Boutique.
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All data is as at 28 Feb 2026 unless otherwise indicated.

Historical performance (net return %)

Cumulative performance

1M YTD 1Y 3 yrs p.a. 5 yrs p.a. Since Inception
C EUR 1.1% 1.9% 4.2% 5.1% 1.2% 17.6%

Performance for calendar years

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
C EUR 4.0% 5.2% 5.3% -11.9% 2.4% 4.7% 9.7% -5.5% 2.4% NA

Portfolio characteristics

Portfolio
Volatility 4.7%
Sharpe Ratio 0.4
Information Ratio
Yield To Maturity 2.4%
Active Share (country, issuer, ISIN) 90% / 45% / 45%
[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, e.g. 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 13 Mar 2026 unless otherwise indicated.

Fund data
Portfolio Manager Gianluca Ungari
Fund Domicile Luxembourg
Fund Currency EUR
Share Class Currency EUR
Year End 31 August
Share Class Launch Date 17 Oct 2016
Distribution Type Accumulating
Swing Pricing No
SFDR Classification Article 8
Fund Registrations AT, CH, DE, ES, IT, LU
Share Class Registrations CH, ES, IT, LU
Nav Information
Highest since launch 117.58
Lowest since launch 90.43
Fund size in mln. EUR 187.13
Share class size in mln. EUR 20.79
Fees And Expenses
Management Fee 2.00%
Max Management Fee 2.65%
TER* 2.22% (29 Aug 2025)
OCF 2.22% (31 Aug 2025)
Luxembourg Taxe d Abonnement 0.05%
Identifiers
ISIN LU1481721022
CUSIP L967AN378
Valor 33721376
Bloomberg VONMASC LX
WKN A2JKNQ
Parties
Investment Manager Vontobel Asset Management SA, Milano
Sub Investment Manager Bank Vontobel Europe AG, München
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

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management Fee TER*
B EUR LU1481720644 Accumulating Retail 17 Oct 2016 1.40% 1.62% (29 Aug 2025)
C EUR LU1481721022 Accumulating Retail 17 Oct 2016 2.00% 2.22% (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.

Currency Weighting

Country Weighting

Major Sectors

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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 Feb 2026
Monthly Commentary Jan 2026
Monthly Commentary Dec 2025
View more Factsheets & Commentaries View less Factsheets & Commentaries
PRIIPs KIDs
Key Information Document (KID) Jan 2026
Legal Documents
AGM EGM invitation Jan 2026
Articles of Association Apr 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

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

  • Interest rates may vary, bonds suffer price declines on rising interest rates

  • Investments in foreign currencies are subject to currency fluctuations

  • 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

  • The Sub-Fund’s investments may be subject to sustainability risks. The sustainability risks that the Sub-Fund may be subject to are likely to have an immaterial impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Fund’s ESG approach.
  • The Sub-Funds' performance may be positively or negatively affected by its sustainability strategy.
  • The ability to meet social or environmental objectives might be affected by incomplete or inaccurate data from third-party providers.

  • 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.