This bond fund aims to generate steady income and achieve above-average investment returns over a full economic cycle, while respecting risk diversification.
The fund invests worldwide mainly in bonds denominated in euros with different maturities of issuers of good quality (investment grade). It may have limited exposure to such bonds denominated in other currencies or from issuers of lesser quality. The anticipated maturity of the bonds in which the fund invests is 4 years maximum, except for bonds with variable interest.
The investment specialist team has a long-standing experience and strong track record in global bond investing. They make high-conviction decisions based on in-depth macro-economic, relative-value, and issuer analyses. The team continuously evaluates inefficiencies across global markets to identify the most remunerating opportunities within the investment universe across interest rates, credit spreads, and currencies. They can also draw upon the knowledge of their award-winning colleagues skilled in credit and emerging-market bond investing. While their focus is on risk/reward optimization, the team actively adapts the portfolio, striving to participate in favorable markets and keep risk low in unfavorable markets.
All data is as at 30 Sep 2024 unless otherwise indicated.
| 1M | YTD | 1Y | 3 yrs p.a. | 5 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|---|
| N EUR | 0.7% | 2.9% | 5.4% | 0.9% | 0.9% | 5.7% |
| Index | 0.8% | 2.9% | 5.5% | 0.5% | 0.2% | 1.6% |
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| N EUR | 4.6% | -4.3% | 0.4% | 0.8% | 2.0% | -0.7% | NA | NA | NA | NA |
| Index | 4.0% | -5.0% | -0.5% | 0.2% | 0.4% | -0.2% | NA | NA | NA | NA |
| Portfolio | Index | |
|---|---|---|
| Volatility | 2.4% | 2.1% |
| Active Share () | ||
| [3 years annualized] | ||
All data is as at 31 Oct 2024 unless otherwise indicated.
| Portfolio Manager | Daniel Karnaus |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | EUR |
| Risk Level | 2.00 (7 Oct 2024) |
| Year End | 31 August |
| Index | Bloomberg Euro Aggregate 1-3 Year |
| Share Class Launch date | 2 Oct 2017 |
| Distribution Type | Accumulating |
| Swing pricing | Yes |
| SFDR Classification | Article 8 |
| Fund Registrations | AT, CH, DE, ES, FR, GB, IT, LI, LU, NL, PT, SG |
| Share Class Registrations | AT, CH, DE, ES, FR, GB, LU, NL, SG |
| Highest since launch | 105.92 |
|---|---|
| Lowest since launch | 96.52 |
| Share class size in mln. | EUR 3.73 |
| Management fee | 0.15% |
|---|---|
| TER* | 0.35% (29 Feb 2024) |
| OCF | 0.35% (29 Feb 2024) |
| ISIN | LU1683481854 |
|---|---|
| Valor | 38261510 |
| Bloomberg | VOESTBN LX |
| WKN | A2JKL8 |
| Depository | 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 |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | TER* |
|---|---|---|---|---|---|---|---|
| A | EUR | LU0120688915 | Distributing | Retail | 24 Oct 2000 | 0.30% | 0.50% (29 Feb 2024) |
| AN | EUR | LU1683489758 | Distributing | Retail | 13 Oct 2017 | 0.15% | 0.35% (29 Feb 2024) |
| B | EUR | LU0120689640 | Accumulating | Retail | 24 Oct 2000 | 0.30% | 0.50% (29 Feb 2024) |
| C | EUR | LU0137009238 | Accumulating | Retail | 16 Jul 2007 | 0.70% | 0.90% (29 Feb 2024) |
| HN (hedged) | CHF | LU2459048190 | Accumulating | Retail | 9 Jun 2022 | 0.15% | 0.41% (29 Feb 2024) |
| HNG (hedged) | CHF | LU2061945882 | Accumulating | Retail | 28 Oct 2019 | 0.07% | 0.27% (29 Feb 2024) |
| I | EUR | LU0278091037 | Accumulating | Institutional | 7 Jan 2009 | 0.15% | 0.31% (29 Feb 2024) |
| N | EUR | LU1683481854 | Accumulating | Retail | 2 Oct 2017 | 0.15% | 0.35% (29 Feb 2024) |
| NG | EUR | LU1650589689 | Accumulating | Retail | 4 Aug 2017 | 0.07% | 0.21% (29 Feb 2024) |
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 30 Sep 2024 unless otherwise indicated.
| Maturity | Weighting | |
|---|---|---|
| 0 - 1 year | 33.6% | |
| 1 - 3 years | 56.1% | |
| 3 - 5 years | 9.3% | |
| No Maturity | % | |
| Cash + Forwards | 1.0% |
View all documents View latest documents
| Document | Date | DE | EN | ES | FR | IT |
|---|---|---|---|---|---|---|
| Factsheets & Commentaries | ||||||
| Factsheet | Sep 2024 | |||||
| Factsheet | Aug 2024 | |||||
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| Factsheet | May 2019 | |||||
| Factsheet | Apr 2019 | |||||
| Quarterly Commentary | Sep 2024 | |||||
| Quarterly Commentary | Jun 2024 | |||||
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||||||
| PRIIPs KIDs | ||||||
| Key Information Document (KID) | Oct 2024 | |||||
| Legal Documents | ||||||
| AGM EGM invitation | Jan 2024 | |||||
| AGM EGM invitation | Jan 2023 | |||||
| AGM EGM invitation | Jan 2022 | |||||
| AGM EGM invitation | May 2021 | |||||
| AGM EGM invitation | Jan 2021 | |||||
| AGM EGM invitation | Jan 2020 | |||||
| Articles of Association | Apr 2016 | |||||
| Notification to Investors | Oct 2024 | |||||
| Notification to Investors | Sep 2024 | |||||
| Notification to Investors | Jun 2024 | |||||
| Notification to Investors | Dec 2023 | |||||
| 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 | Apr 2020 | |||||
| Notification to Investors | Nov 2019 | |||||
| Sales Prospectus | Oct 2024 | |||||
| View more Legal Documents View less Legal Documents | ||||||
| Sustainability Related Disclosures | ||||||
| Pre-contractual Disclosure | Jul 2024 | |||||
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2024 | |||||
| Sustainability Related Disclosures | Jan 2024 | |||||
| Financial Reports | ||||||
| Annual Distribution | Nov 2023 | |||||
| Annual Report | Aug 2023 | |||||
| Distribution Dates | Jan 2024 | |||||
| Quarterly Distribution | Sep 2024 | |||||
| Quarterly Distribution | Jun 2024 | |||||
| Quarterly Distribution | Mar 2024 | |||||
| Semi-Annual Report | Feb 2024 | |||||
| Semi Annual Distribution | Apr 2024 | |||||
| Semi Annual Distribution | Apr 2023 | |||||
| View more Financial Reports View less Financial Reports | ||||||
| Dealing Information | ||||||
| Holiday Calendar 2024 | Jan 2024 | |||||
| List of Active Retail Share Classes | Mar 2024 | |||||
| Policies | ||||||
| Sanctioned Countries | Oct 2022 | |||||
| Shareclass Naming Convention | Jan 2022 | |||||
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
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
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.
Morningstar rating: © 2024 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.
ANY INDEX OR SUPPORTING DATA REFERRED TO HEREIN 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.
