Senior Portfolio Manager
This multi-asset fund aims to generate steady income and preserve capital over a full economic cycle, while respecting risk diversification.
The fund invests worldwide across multiple asset classes, predominantly in bonds with attractive yield potential of various high-quality government and corporate issuers. In addition, it has limited exposure to equities of high-quality companies. The fund also uses derivative financial instruments, primarily for hedging purposes.
The investment team of seasoned multi-asset specialists adheres to a rigorous process to identify the most promising opportunities within the investment universe. Convinced to reach the best results by pairing human skills with quantitative excellence, the analysts combine their qualitative research with cutting-edge technology. The team manages both asset allocation and individual positions in the fund actively to seize attractive new opportunities whenever they occur, while keeping the risks under permanent control.
"I take the creditor’s perspective, which means I am looking for a compensation plus full repayment of the invested capital after the agreed term."
The team of experienced multi-asset portfolio managers each contribute their individual areas of expertise and knowledge to the investment process. Taking into account both qualitative and quantitative factors, it exploits the intelligence of both man and machine. The fund manager can also draw upon the embedded Risk Advisory function to get detailed analyses and specific recommendations before he takes his investment decisions.
While defining the investment universe, we apply strict exclusion criteria and minimum standards as to the environmental, social and governance responsibility of each company. Those investment candidates that pass sustainability filters* are usually less vulnerable to the challenges of the future, which should reduce the overall portfolio risk.
To earn more income from your investment, tapping into a greater number of potential sources via a diversified mix of asset classes can help. However, this strategy promises success only if you adhere to the following precepts: spread your risk, manage your portfolio dynamically and be consistent.
For example, if – alongside bonds – you add equities to your portfolio too, you can earn extra income from dividends in addition to coupons. However, it is important that you diversify your portfolio to ensure that the risks associated with all of the additionally included markets do not start dangerously piling up. Diversification means spreading the risk – the broader, the better.
Systematically combining select asset classes so that they optimally complement each other can reduce overall portfolio risk to less than the sum of the risks of the individual markets.
Multi asset income investing allows you to capture the benefits of diversification and active asset allocation. Our investment philosophy claims that mixing asset classes and individual securities in a well-diversified portfolio dynamically in accordance with market developments can outperform pure index tracking in the long run – provided that any investment decision is based on in-depth economic and company analyses as well as constant risk monitoring.
Our multi-asset team combines the extensive knowledge and longstanding experience of our expert groups specializing in bonds, equities, alternative investments, derivatives, macro economy and risk management.
We rely on our clearly defined, disciplined investment process, which we follow in order to ensure that positive results are repeatable.
Our portfolio managers make significant investments into the funds they manage, ensuring a full alignment of interests.
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|
|Yield to maturity||4.2%|
|[3 years annualized]|
All data is as at Aug 10 2020 unless otherwise indicated.
|Portfolio Manager||Dominik Zörner|
|Share Class Currency||EUR|
|End of fiscal year||31 August|
|Share Class Launch date||Dec 14 2016|
|Fund Registrations||AT, CH, DE, FR, GB, IT, LI, LU|
|Share Class Registrations||AT, CH, DE, FR, GB, IT, LI, LU|
|Highest since launch||116.20|
|Lowest since launch||82.70|
|Fund volume in mln.||EUR 25.11|
|Share class volume in mln.||EUR 4.97|
|TER||0.93% (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|
|A||EUR||LU1687388899||Dist||Retail||Nov 30 2017||1.25%||1.60%||Feb 28 2020|
|B||EUR||LU1687388972||Accum||Retail||Nov 30 2017||1.25%||1.60%||Feb 28 2020|
|H (hedged)||USD||LU1687389350||Accum||Retail||Nov 30 2017||1.25%||1.66%||Feb 28 2020|
|H (hedged)||CHF||LU1687389277||Accum||Retail||Nov 30 2017||1.25%||1.66%||Feb 28 2020|
|HI (hedged)||CHF||LU2118212641||Accum||Institutional||Mar 03 2020||0.63%|
|I||EUR||LU1515106984||Accum||Institutional||Dec 14 2016||0.63%||0.93%||Feb 28 2020|
|N||EUR||LU1734078824||Accum||Retail||Dec 11 2017||0.63%||0.97%||Feb 28 2020|
* TER includes performance fee where applicable
All data is as at Jun 30 2020 unless otherwise indicated.
|Ishs DJes Banks DJ Estoxx (De)||1.6%|
|BHP Group PLC||1.1%|
|Holcim Ltd -Na-||1.1%|
|Rio Tinto Plc Shs||1.1%|
|Ishares Bceml Gv Bond Fund ETF||3.6%|
|4.6% International Finance Corp 2023||2.4%|
|5.75% Mexican Bonos 2026||2.4%|
|6.5% Mexican Bonos 2021||2.3%|
|Ishares Markit Iboxx Fd Ehy||2.0%|
|Factsheets & Commentaries|
|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
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
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