Vontobel Fund - Sustainable Emerging Markets Debt

Fixed Income Boutique Emerging Markets Bonds
ISIN
LU2145396086
Valor
53671344
Ticker
VOEMDIU
122.66
NAV
As at 19 May 2026
0.44%
Performance YTD
As of 30 Apr 2026

Investment objective

This bond fund aims to outperform its benchmark over a three-year rolling period and seeks to promote environmental or social practices, while respecting risk diversification.


Key features

The fund invests across emerging markets mainly in government, quasi-sovereign, and corporate bonds of diverse qualities with different maturities in various hard currencies from issuers that seek to promote environmental or social practices.


Approach

The experienced specialist team defines the investment universe using a proprietary sustainability model which combines a quantitative screening based on in-house and third-party provider data with a qualitative analysis of major sustainability risks. The team focuses on optimizing the level of spread for a given level of risk. Based on in-depth research and using a proprietary valuation model, the team continuously compares the levels of remuneration potential available across issuer qualities, countries, interest rates, currencies, and maturities within the investment universe to identify the most rewarding opportunities, which may be contrarian to mainstream views. To seize them, the team flexibly adapts the portfolio while keeping credit, interest rate and currency risks in check.

Insights

Fixed Income Boutique
2026-03-02_fib_How-the-Federal-Reserve-teaser.jpg
Fixed Income Quarterly

How the Federal Reserve, Bank of Japan, and European Central Bank are balancing monetary and fiscal priorities

In the US and Japan, monetary policy is expected to support fiscal policy, even when central banks have other plans. Federal Reserve “Fed” Chair nominee Kevin Warsh's reform plans conflict with US President Donald Trump's preference for low rates, and the Bank of Japan's efforts to normalize policy clash with Prime Minister Sanae Takaichi's economic agenda.
Read more

All data is as at 30 Apr 2026 unless otherwise indicated.

Historical performance (net return %)

Cumulative performance

1M YTD 1Y 3 yrs p.a. 5 yrs p.a. Since Inception
I USD 2.5% 1.2% 13.3% 9.9% 2.4% 23.6%
Index 2.5% 0.7% 11.5% 9.0% 1.6% 10.7%

Performance for calendar years

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
I USD 14.1% 6.4% 11.0% -20.0% 3.7% NA NA NA NA NA
Index 13.3% 5.7% 10.3% -18.9% -2.3% NA NA NA NA NA

Portfolio characteristics

Portfolio Index
Volatility 6.9% 6.6%
Sharpe Ratio 0.7
Information Ratio 0.6
Tracking error 1.3%
Modified Duration 6.6 6.5
Yield To Maturity 6.4% 5.8%
Yield To Worst 6.3% 5.8%
Average Rating BBB- BBB-
Number of positions 154.0 892.0
Active Share (country, issuer, ISIN) 38% / 57% / 88%
[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 19 May 2026 unless otherwise indicated.

Fund data
Portfolio Manager Dario Scheurer/Wouter Van Overfelt
Fund Domicile Luxembourg
Fund Currency USD
Share Class Currency USD
Year End 31 August
Index J.P. Morgan ESG EMBI Global Diversified Index
Share Class Launch Date 30 Sep 2020
Distribution Type Accumulating
Swing Pricing Eligible Yes
SFDR Classification Article 8
Fund Registrations AT, CH, DE, ES, FI, FR, IT, LI, LU, NO, SE
Share Class Registrations AT, CH, DE, ES, FI, FR, IT, LI, LU, NO, SE
Nav Information
Highest since launch 125.32
Lowest since launch 80.16
Fund size in mln. USD 872.71
Share class size in mln. USD 26.72
Fees And Expenses
Management Fee 0.62%
Max Management Fee 0.62%
TER* 0.76% (28 Feb 2026)
OCF 0.76% (28 Feb 2026)
Luxembourg Taxe d Abonnement 0.01%
Identifiers
ISIN LU2145396086
Ticker VOEMDIU
Valor 53671344
Bloomberg VOEMDIU LX
WKN A2QD0S
Parties
Investment Manager Vontobel Asset Management AG, Zürich
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*
A USD LU2145397134 Distributing Retail 30 Sep 2020 1.18% 1.36% (28 Feb 2026)
AI USD LU2145396169 Distributing Institutional 30 Sep 2020 0.62% 0.76% (28 Feb 2026)
B USD LU2145397050 Accumulating Retail 30 Sep 2020 1.18% 1.36% (28 Feb 2026)
E USD LU2145396912 Accumulating Institutional 30 Sep 2020 0.15% 0.29% (28 Feb 2026)
H (hedged) EUR LU2145397308 Accumulating Retail 30 Sep 2020 1.18% 1.39% (28 Feb 2026)
H (hedged) CHF LU2145397217 Accumulating Retail 30 Sep 2020 1.18% 1.39% (28 Feb 2026)
HE (hedged) CHF LU2145396755 Accumulating Institutional 30 Sep 2020 0.15% 0.32% (28 Feb 2026)
HG (hedged) CHF LU2145396672 Accumulating Institutional 21 Nov 2022 0.45% 0.62% (28 Feb 2026)
HG (hedged) EUR LU2550873710 Accumulating Institutional 21 Nov 2022 0.45% 0.62% (28 Feb 2026)
HI (hedged) EUR LU2145396326 Accumulating Institutional 30 Sep 2020 0.62% 0.79% (28 Feb 2026)
HI (hedged) CHF LU2145396243 Accumulating Institutional 30 Sep 2020 0.62% 0.79% (28 Feb 2026)
HN (hedged) EUR LU2145397647 Accumulating Retail 30 Sep 2020 0.62% 0.83% (28 Feb 2026)
HN (hedged) CHF LU2406599998 Accumulating Retail 29 Nov 2021 0.62% 0.83% (28 Feb 2026)
HX (hedged) CHF LU2549539034 Accumulating Institutional 14 Nov 2022 0.25% 0.42% (28 Feb 2026)
HX (hedged) EUR LU2549539117 Accumulating Institutional 14 Nov 2022 0.25% 0.42% (28 Feb 2026)
I USD LU2145396086 Accumulating Institutional 30 Sep 2020 0.62% 0.76% (28 Feb 2026)
N USD LU2145397563 Accumulating Retail 30 Sep 2020 0.62% 0.80% (28 Feb 2026)

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 Apr 2026 unless otherwise indicated.

Rating Structure

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Factsheets & Commentaries
Factsheet Apr 2026
Factsheet Mar 2026
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
Monthly Commentary Apr 2026
Monthly Commentary Mar 2026
Monthly Commentary Feb 2026
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PRIIPs KIDs
Key Information Document (KID) May 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
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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 Apr 2026
Financial Reports
Annual Distribution Nov 2025
Annual Distribution Nov 2024
Annual Report Aug 2025
Distribution Dates Jan 2026
Quarterly Distribution Mar 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 2026
Semi Annual Distribution Apr 2025
Semi Annual Distribution Apr 2024
Semi Annual Distribution Apr 2023
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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

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

  • Investments in foreign currencies are subject to currency fluctuations

  • Money market investments are associated with risks of a money market, such as interest rate fluctuations, inflation risk and economic instability

  • The Sub-Fund’s investments may be subject to Sustainability Risks. Information on how sustainability risks are managed in this Sub-Fund may be obtained from Vontobel.com/SFDR.

  • 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.

The Sustainability Risks that the Sub-Fund may be subject to are likely to have a low impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Funds’ ESG approach.

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.