This equity fund aims to achieve income combined with capital growth and seeks to promote environmental and social aspects, while considering risk diversification.
The fund invests primarily in stocks of European companies with attractive dividend yield and price potential that strive to promote environmental and social practices. In addition, the fund applies a strategy using derivative instruments (covered call options).
The experienced team of investment specialists follows a hybrid approach, in which a quantitative methodology screens a broad company universe for profitability and growth, applying a proprietary Quality Score that also considers specific ESG criteria (Environmental, Social, Governance) and excludes controversial sectors with the aim of promoting environmental and social aspects as well as improving the fund's long-term risk/return ratio. At its discretion, the team adjusts the portfolio in line with market dynamics. The purely rule-based options strategy consists of a permanent and a dynamic component: the former aims to generate regular additional income and the latter to optimally align the options exposure with the economic cycle.
The fund seeks to invests in quality dividend stocks to outperform the MSCI EMU index. The fund aims to offer attractive, stable/growing dividends without compromising quality.
The fund aims to offer high distributable income over economic cycles. This target is based on the combination of quality dividends and additional payouts through the sale of call options (option strategy).
A dynamic approach is used to handle extraordinary market conditions. This active management aims handle sharp downturns and rebounds, offering additional protection compared to a passive strategy.
This actively managed fund invests in European equities with an objective to outperform the MSCI EMU, while seeking to distribute 7% income. It aims to achieve this by adhering to principles of risk diversification, thus ensuring a balanced portfolio. The fund employs option strategies to generate additional income (which provide some cushion during falling markets) in exchange for limited upside participation during rising markets. The fund offers a diversified, income-oriented exposure to European equities.
European stocks can offer a compelling opportunity to generate income and outperform passive strategies. The fund uses three active strategies to achieve this: selecting quality dividend stocks, enhancing income via the sale of call options, and actively managing extraordinary market conditions.
We select stocks with attractive, stable/growing dividends. The portfolio contains 80% large-cap stocks and 20% mid-cap stocks.
Downside risks are partially cushioned by option income and dynamic participation
The option strategy used by the fund primarily consists in the sale of call options on the underlying quality dividend portfolio.
Writing call options is like renting real estate. In real estate, the owner of the property seeks to earn extra income by renting it out. In this strategy the fund, as owner of the quality dividend portfolio, seeks to earn extra income by selling call options on the same stocks.
The fund, as seller of the call option, receives cash (the premium) for the sale of the option. The buyer receives the right to purchase the underlying stock at a predefined price (called strike), typically set higher than today’s price. If options expire while prices are below strike prices, buyers don’t exercise the option, as there is no economic advantage in buying the stock at a higher price than available in the market. If the opposite was true, buyers exercising would be given the stock owned by the fund.
The regular selling of call options may enhance income.
“The goal here is to both distribute and outperform. We believe this can be achieved by combining three uncorrelated streams: Quality dividends, call options, and dynamic participation.”
The Fund is managed by an experienced group of investment professionals, supported by specialized teams, together bringing over 100 years of combined experience.
All data is as at 31 Mar 2026 unless otherwise indicated.
| 1M | YTD | 1Y | Since Inception | |
|---|---|---|---|---|
| I EUR | -4.9% | 1.1% | 13.5% | 10.3% |
| Index | -8.4% | -2.4% | 12.3% | 8.0% |
| Portfolio | Index | ||
|---|---|---|---|
| Volatility | 11.6% | ||
| Sharpe Ratio | 1.4 | ||
| Information Ratio | 0.2 | ||
| Active Share (country, issuer, ISIN) | 15% / 58% / 58% | ||
| [1 year] | |||
All data is as at 15 May 2026 unless otherwise indicated.
| Portfolio Manager | Robert Borenich |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | EUR |
| Year End | 31 August |
| Index | MSCI EMU Net Total Return EUR Index |
| Share Class Launch Date | 25 Mar 2025 |
| Distribution Type | Accumulating |
| Swing Pricing Eligible | No |
| SFDR Classification | Article 8 |
| Fund Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE |
| Share Class Registrations | AT, CH, DE, ES, FR, IT, LI, LU, SE |
| Highest since launch | 116.45 |
|---|---|
| Lowest since launch | 87.46 |
| Fund size in mln. | EUR 154.92 |
| Share class size in mln. | EUR 8.86 |
| Management Fee | 0.42% |
|---|---|
| Max Management Fee | 0.50% |
| TER* | 0.60% (28 Feb 2026) |
| OCF | 0.60% (28 Feb 2026) |
| Luxembourg Taxe d Abonnement | 0.01% |
| ISIN | LU2967766705 |
|---|---|
| Ticker | VFEUIPI |
| Valor | 140897770 |
| Bloomberg | VFEUIPI LX |
| WKN | A410F4 |
| Investment Manager | Vontobel Asset Management AG, Zürich |
|---|---|
| Sub Investment Manager | Bank Vontobel Europe AG, München |
| 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 |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management Fee | TER* |
|---|---|---|---|---|---|---|---|
| A | CHF | LU2967769394 | Distributing | Retail | 31 Mar 2025 | 0.84% | 1.06% (28 Feb 2026) |
| A | EUR | LU2967769717 | Distributing | Retail | 31 Mar 2025 | 0.84% | 1.06% (28 Feb 2026) |
| AH (hedged) | USD | LU2967767265 | Distributing | Retail | 25 Mar 2025 | 0.84% | 1.09% (28 Feb 2026) |
| AHN (hedged) | USD | LU2967767851 | Distributing | Retail | 25 Mar 2025 | 0.42% | 0.67% (28 Feb 2026) |
| AHN (hedged) | CHF | LU3133812696 | Distributing | Retail | 25 Aug 2025 | 0.42% | 0.67% (28 Feb 2026) |
| AI | EUR | LU2967768156 | Distributing | Institutional | 31 Mar 2025 | 0.42% | 0.60% (28 Feb 2026) |
| AN | CHF | LU2967769048 | Distributing | Retail | 31 Mar 2025 | 0.42% | 0.64% (28 Feb 2026) |
| AN | EUR | LU2967768669 | Distributing | Retail | 31 Mar 2025 | 0.42% | 0.64% (28 Feb 2026) |
| AQHN (hedged) Gross | GBP | LU2967769980 | Distributing | Retail | 31 Mar 2025 | 0.42% | 0.67% (28 Feb 2026) |
| B | CHF | LU2967769550 | Accumulating | Retail | 31 Mar 2025 | 0.84% | 1.06% (28 Feb 2026) |
| B | EUR | LU2967767000 | Accumulating | Retail | 25 Mar 2025 | 0.84% | 1.06% (28 Feb 2026) |
| C | EUR | LU2967769808 | Accumulating | Retail | 31 Mar 2025 | 1.90% | 2.12% (28 Feb 2026) |
| E | EUR | LU2967768586 | Accumulating | Institutional | 31 Mar 2025 | 0.21% | 0.39% (28 Feb 2026) |
| G | EUR | LU3050700098 | Accumulating | Institutional | 27 May 2025 | 0.38% | 0.56% (28 Feb 2026) |
| H (hedged) | USD | LU2967767182 | Accumulating | Retail | 25 Mar 2025 | 0.84% | 1.09% (28 Feb 2026) |
| HC (hedged) | USD | LU2967767422 | Accumulating | Retail | 25 Mar 2025 | 1.90% | 2.15% (28 Feb 2026) |
| HI (hedged) | USD | LU2967766960 | Accumulating | Institutional | 25 Mar 2025 | 0.42% | 0.63% (28 Feb 2026) |
| HN (hedged) | USD | LU2967767778 | Accumulating | Retail | 25 Mar 2025 | 0.42% | 0.67% (28 Feb 2026) |
| HN (hedged) | CHF | LU3133812340 | Accumulating | Retail | 25 Aug 2025 | 0.42% | 0.67% (28 Feb 2026) |
| I | EUR | LU2967766705 | Accumulating | Institutional | 25 Mar 2025 | 0.42% | 0.60% (28 Feb 2026) |
| N | EUR | LU2967767695 | Accumulating | Retail | 25 Mar 2025 | 0.42% | 0.64% (28 Feb 2026) |
| N | CHF | LU2967768826 | Accumulating | Retail | 31 Mar 2025 | 0.42% | 0.64% (28 Feb 2026) |
| S | EUR | LU2967768404 | Accumulating | Institutional | 31 Mar 2025 | 0.00% | 0.18% (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 31 Mar 2026 unless otherwise indicated.
View all documents View latest documents
| Document | Date | DE | EN | ES | FR | IT |
|---|---|---|---|---|---|---|
| Factsheets & Commentaries | ||||||
| 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 | |||||
| Quarterly Commentary | Mar 2026 | |||||
| Quarterly Commentary | Dec 2025 | |||||
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||||||
| PRIIPs KIDs | ||||||
| Key Information Document (KID) | Jan 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 | Mar 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 | |||||
| View more Legal Documents View less Legal Documents | ||||||
| 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 | |||||
| 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 | |||||
| View more Financial Reports View less Financial Reports | ||||||
| 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
Price fluctuations of investments due to market, industry and issuer linked changes are possible
With the use of a covered call options strategy the participation in the potential positive price development of the underlyings is limited.
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.
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.
