Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

There is no guarantee that the fund will achieve its investment objective or that you will get back the amount you originally invested.

The value of your investment can go up or down in response to changes in economic conditions, interest rates, exchange rates, or company creditworthiness. Events such as pandemics, wars, or natural disasters can cause significant and unpredictable market disruptions worldwide.

If a key service provider (such as the investment manager or depositary) fails or becomes insolvent, this could cause delays in processing your transactions or result in financial losses for the fund.

In difficult market conditions, it may not be possible to sell certain investments quickly or at a fair price, which could mean the fund is unable to meet your redemption request promptly or may have to apply tools such as temporary restrictions on withdrawals.

Bonds and other debt securities can fluctuate in value due to changes in interest rates and the creditworthiness of the issuer, meaning you may receive less than you invested.

If a borrower fails to meet its financial obligations (such as paying interest or repaying principal), the value of the fund's investment in that issuer could fall significantly. In extreme cases, the fund could lose the full amount invested in that issuer.

When interest rates rise, the value of bonds and other fixed-income investments typically falls, and vice versa. Early repayments of bonds may also mean the fund has to reinvest at lower rates, reducing returns.

Contingent convertible bonds ('CoCos') can be written down or converted into shares at a discount if the issuer's financial position weakens, potentially causing significant or total loss of the invested amount. Coupon payments can also be cancelled at the issuer's discretion without triggering a default.

Derivatives such as options, futures, and swaps can magnify gains but also amplify losses, and if used incorrectly or in unfavourable market conditions could result in substantial or total loss. There is also a risk that the counterparty to a derivative contract defaults on its obligations, further increasing potential losses.

Investing in emerging markets carries greater risks than developed markets, including less stable governments, weaker regulatory oversight, lower liquidity, and restrictions on moving money in and out of the country. These factors can result in significant price swings and potential losses.

When the fund invests in assets denominated in a different currency to the fund's reference currency, movements in exchange rates can increase or decrease the value of your investment independently of how the underlying assets perform. Not all currency exposure may be hedged.

Applying ESG (environmental, social, and governance) criteria may cause the fund to avoid certain investments or sectors, which could positively or negatively affect performance compared to funds that do not apply such criteria. ESG data from third parties may be incomplete or inaccurate, and there is no universally agreed standard for what qualifies as a sustainable investment.

Environmental, social, or governance events (such as climate change, social controversies, or poor corporate governance) can negatively impact the value of the fund's investments.