Vontobel Fund II - Duff & Phelps Global Listed Infrastructure

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.

Shares in companies can fall in value at any time, and there is no guarantee of returns; while equities have historically offered higher long-term returns, they also carry higher short-term risk.

REITs can fall in value due to declining property prices, rising interest rates, increased operating costs, or poor management quality. These factors directly reduce the value of the underlying real estate and therefore the REIT securities held by the fund

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.

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.

The fund's investment strategy may result in significant holdings in a small number of sectors or companies, which could make its value more volatile than a more broadly diversified fund.

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.