Investment Grade

Vontobel Fund - TwentyFour Absolute Return Credit Fund

ISIN
LU1267852082
Valor
29030420
Sedol
BYXWT81

Investment objective

This bond fund aims to achieve a positive absolute return over a period of three years by keeping a modest level of volatility, while respecting risk diversification.


Key features

The fund can invest worldwide, with a focus on Europe, in corporate bonds and similar fixed-interest and floating-rate securities in various currencies of diverse issuers of good quality (investment grade). 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. In line with their continuous assessment of market conditions and future developments, the team allocates interest-rate and cedit risks with the aim to benefit from any market environment. They select those securities and instruments within the investment universe in which they see the most rewarding yield and/or hedging values. The team actively adapts the portfolio to invest in attractive opportunities whenever they occur while keeping risks under control.

117.50
NAV
1.93%
Performance YTD
4 stars
As at 30 Nov 2020 As of 31 Oct 2020

Insights

All data is as at 30 Oct 2020 unless otherwise indicated.

Fund performance

Cumulative performance

1M YTD 3 YR 5 YR Since Inception
I GBP 0.1% 1.1% 1.8% 3.1% 16.5%

Performance for 12 month periods

1 Nov 2015 - 30 Oct 2016 1 Nov 2016 - 30 Oct 2017 1 Nov 2017 - 30 Oct 2018 1 Nov 2018 - 30 Oct 2019 1 Nov 2019 - 30 Oct 2020
I GBP 5.2% 4.8% 0.2% 3.6% 1.6%

Performance for calendar years

Volatility & risk

Portfolio
Volatility 1.2%
Sharpe Ratio 1.1
Interest rate duration 1.7
Credit duration 1.8
Average Rating A-
Number of positions 102.0
[Daily since inception]

All data is as at 30 Nov 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 28 Aug 2015
Distribution type Accum
Fund Registrations AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, NO, PT, SE, SG
Share Class Registrations CH, FI, GB, LU, NO, SE, SG
Nav Information
Highest since launch 116.73
Lowest since launch 98.79
Fund size in mln. GBP 2,263.40
Share class size in mln. GBP 35.54
Fees And Expenses
Management fee 0.40%
TER* 0.51% (28 Feb 2020)
Identifiers
ISIN LU1267852082
Valor 29030420
Bloomberg VOTARCI LX
SEDOL BYXWT81
WKN A2DXBK
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
AHN (hedged) EUR LU1683487620 Dist Retail 12 Oct 2017 0.40% 0.61% 28 Feb 2020
AI GBP LU1267852249 Dist Institutional 28 Aug 2015 0.40% 0.51% 28 Feb 2020
AQG GBP LU1530788402 Dist Institutional 5 Dec 2016 0.25% 0.36% 28 Feb 2020
AQHG (hedged) USD LU1767065979 Dist Institutional 16 Feb 2018 0.25% 0.42% 28 Feb 2020
AQHG (hedged) EUR LU1530788238 Dist Institutional 5 Dec 2016 0.25% 0.42% 28 Feb 2020
AQHN (hedged) EUR LU1331789450 Dist Retail 18 Dec 2015 0.40% 0.61% 28 Feb 2020
AQHNG (hedged) USD LU1410502493 Dist Retail 18 May 2016 0.25% 0.46% 28 Feb 2020
AQN GBP LU1331789377 Dist Retail 18 Dec 2015 0.40% 0.55% 28 Feb 2020
AQNG GBP LU1368730674 Dist Retail 26 Feb 2016 0.25% 0.40% 28 Feb 2020
G GBP LU1273680238 Accum Institutional 28 Aug 2015 0.25% 0.36% 28 Feb 2020
HG (hedged) EUR LU1925065655 Accum Institutional 8 Jan 2019 0.25% 0.42% 28 Feb 2020
HI (hedged) CHF LU1599320444 Accum Institutional 25 Apr 2017 0.40% 0.57% 28 Feb 2020
HN (hedged) USD LU1767066357 Accum Retail 9 Feb 2018 0.40% 0.61% 28 Feb 2020
I GBP LU1267852082 Accum Institutional 28 Aug 2015 0.40% 0.51% 28 Feb 2020
N GBP LU1267852595 Accum Retail 28 Aug 2015 0.40% 0.55% 28 Feb 2020

All data is as at 30 Oct 2020 unless otherwise indicated.

Rating Structure

Document Date EN
Factsheets & Commentaries
Factsheet Oct 2020
Monthly Commentary Oct 2020
Brochures
Product Flyer Oct 2019
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
Semi-Annual Report Feb 2020
UK Tax Reporting Aug 2019
Dealing Information
Holiday Calendar 2020 Jan 2020
Order Subscription Form Jan 2020
Policies
Sanctioned Countries Sep 2016
Shareclass Naming Convention Nov 2019