TwentyFour Asset Management Investment Grade

Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

ISIN
LU2081485596
Valor
51132454

Fund strategy

Investment objective

This bond fund aims to achieve a positive return over 3 years with a volatility of maximum 3% per annum, while respecting risk diversification.


Key features

The fund invests worldwide mainly in shorter-term investment-grade bonds and similar fixed-interest or floating-rate securities in various currencies of diverse issuers that meet specific sustainability criteria. The fund's average maturity is 3.5 years. The fund can use derivative financial instruments for hedging purposes.


Approach

The experienced and diverse investment team takes high-conviction decisions based on rigoros macro-economic, technical and issuer analyses. To define the investment universe, the team applies a two-step sustainability screening based on a proprietary scoring model: 1) to exclude issuers active in controversial businesses, like tobacco, alcohol, weapons, or gambling, or intensively using fossil resources, 2) to include only those issuers whose sustainability scores exceed the defined minimum. In line with their continuous assessment of market developments, the team flexibly allocates interest-rate and credit risks in the portfolio, striving to benefit throughout the economic cycle.

99.28
NAV
-
Performance YTD
As at Sep 29 2020
The fund is trading for less than a year, we can't display performance data.

All data is as at Sep 29 2020 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency GBP
End of fiscal year 31 August
Share Class Launch date Jan 22 2020
Distribution type Dist
Last distribution 0.64 (Sep 21 2020)
Fund Registrations AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, PT, SE
Share Class Registrations CH, GB, LI, LU
Nav Information
Highest since launch 100.26
Lowest since launch 95.91
Fund volume in mln. GBP 27.55
Share class volume in mln. GBP 19.98
Fees And Expenses
Management fee 0.25%
Performance fee 0.00%
TER 0.35% (Feb 28 2020)
Identifiers
ISIN LU2081485596
Valor 51132454
Bloomberg VOTBIAG LX
WKN A2PZB4
Parties
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

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee TER TER Date
AH (hedged) EUR LU2081487378 Dist Retail Jan 22 2020 0.80% 1.00% Feb 28 2020
AHI (hedged) EUR LU2081486727 Dist Institutional Jan 22 2020 0.40% 0.56% Feb 28 2020
AHI (hedged) USD LU2210409616 Dist Institutional Aug 27 2020 0.40%
AHI (hedged) CHF LU2210410036 Dist Institutional Aug 27 2020 0.40%
AHN (hedged) CHF LU2210410382 Dist Retail Aug 27 2020 0.40%
AHN (hedged) USD LU2210409889 Dist Retail Aug 27 2020 0.40%
AQG GBP LU2081485596 Dist Institutional Jan 22 2020 0.25% 0.35% Feb 28 2020
AQI GBP LU2081485919 Dist Institutional Jan 22 2020 0.40% 0.50% Feb 28 2020
AQNG GBP LU2081485679 Dist Retail Jan 22 2020 0.25% 0.39% Feb 28 2020
G GBP LU2081485240 Accum Institutional Jan 22 2020 0.25% 0.35% Feb 28 2020
H (hedged) CHF LU2210410119 Accum Retail Aug 27 2020 0.80%
H (hedged) EUR LU2081487295 Accum Retail Jan 22 2020 0.80% 1.00% Feb 28 2020
HI (hedged) USD LU2081487709 Accum Institutional Aug 27 2020 0.40%
HI (hedged) EUR LU2081486560 Accum Institutional Jan 22 2020 0.40% 0.56% Feb 28 2020
HI (hedged) CHF LU2210409962 Accum Institutional Aug 27 2020 0.40%
HN (hedged) EUR LU2081486644 Accum Retail Aug 27 2020 0.40%
HN (hedged) USD LU2210409707 Accum Retail Aug 27 2020 0.40%
HN (hedged) CHF LU2210410200 Accum Retail Aug 27 2020 0.40%
NG GBP LU2081485323 Accum Retail Jan 22 2020 0.25% 0.39% Feb 28 2020
Click here to see an overview of our shareclass naming convention.

* TER includes performance fee where applicable

All data is as at Aug 28 2020 unless otherwise indicated.

Rating Structure

Document Date DE EN ES FR IT
Factsheets & Commentaries
Factsheet Aug 2020
KIIDs
KIID Aug 2020
Legal Documents
AGM EGM invitation Jan 2020
Articles of Association Apr 2016
Notification to Investors Nov 2019
Sales Prospectus Dec 2019
Financial Reports
Annual Report Aug 2019
Dividend Payout Jan 2019
Semi-Annual Report Feb 2020
Dealing Information
Holiday Calendar 2020 Jan 2020
List of Active Retail Share Classes Dec 2018
Policies
Sanctioned Countries Sep 2016
Shareclass Naming Convention Nov 2019

Risks

  • 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

  • There is no guarantee that all sustainability criteria will always be met for every investment. Negative impact on subfund's performance possible due to pursuing sustainable economic activity rather than a conventional investment policy

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.