Vontobel Fund - TwentyFour Absolute Return Credit Fund

Investment Grade
ISIN
LU1267852595
Valor
29030838
Sedol
BYXWTB4
121.18
NAV
As at 11 Jun 2024
2.00%

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 rigorous macro-economic, technical and issuer analyses. In line with their continuous assessment of market conditions and future developments, the team allocates interest-rate and credit 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.

A short term bond fund that targets the very best risk-adjusted returns within fixed income while keeping volatility to a minimum.

The Vontobel Fund - TwentyFour Absolute Return Credit Fund (ARC) is an actively managed short term bond fund that aims to deliver steady returns in any market environment. With strict risk parameters and a focus on short dated investment grade bonds, ARC aims to capture nearly all the returns of higher risk strategies but with a fraction of the drawdowns expected in tougher market conditions.

Why invest?

  • We aim to achieve a positive absolute return in any market environment over three years, by keeping a modest level of volatility
  • A minimum of two-thirds of the fund is invested in 0-5yr investment grade bonds, which we consider the best source of risk-adjusted returns within fixed income
  • Smaller high conviction allocations to BB rated high yield, asset-backed securities (ABS) and 6-7yr investment grade bonds
  • A strong emphasis on stock selection seeking to generate alpha and further manage risks. All bond positions must pass a rigorous screening process to show they have good return potential with low expected volatility
  • We use zero leverage or shorting, and when allocating our mix of assets we choose to avoid emerging markets and high yield bonds rated below BB (the highest rating band in HY)

Investment team

Insights

All data is as at 11 Jun 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency GBP
Year End 31 August
Share Class Launch date 28 Aug 2015
Distribution Type Accum
SFDR Classification Article 8
Fund Registrations AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, NO, PT, SE, SG
Share Class Registrations CH, GB, LU, SG
Nav Information
Highest since launch 121.18
Lowest since launch 98.78
Fund size in mln. GBP 2,986.15
Share class size in mln. GBP 47.57
Fees And Expenses
Management fee 0.40%
TER* 0.55% (29 Feb 2024)
OCF 0.55% (31 Aug 2023)
Identifiers
ISIN LU1267852595
Valor 29030838
Bloomberg VOTARCN LX
SEDOL BYXWTB4
WKN A2DXBL
Parties
Depository CACEIS 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 OCF OCF Date
AHN (hedged) CHF LU1734078154 Dist Retail 11 Dec 2017 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
AHN (hedged) EUR LU1683487620 Dist Retail 12 Oct 2017 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
AI GBP LU1267852249 Dist Institutional 28 Aug 2015 0.40% 0.51% 29 Feb 2024 0.51% 31 Aug 2023
AQG GBP LU1530788402 Dist Institutional 5 Dec 2016 0.25% 0.36% 29 Feb 2024 0.36% 31 Aug 2023
AQHG (hedged) USD LU1767065979 Dist Institutional 16 Feb 2018 0.25% 0.42% 29 Feb 2024 0.42% 31 Aug 2023
AQHG (hedged) EUR LU1530788238 Dist Institutional 5 Dec 2016 0.25% 0.42% 29 Feb 2024 0.42% 31 Aug 2023
AQHN (hedged) EUR LU1331789450 Dist Retail 18 Dec 2015 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
AQHNG (hedged) USD LU1410502493 Dist Retail 18 May 2016 0.25% 0.46% 29 Feb 2024 0.46% 31 Aug 2023
AQN GBP LU1331789377 Dist Retail 18 Dec 2015 0.40% 0.55% 29 Feb 2024 0.55% 31 Aug 2023
AQNG GBP LU1368730674 Dist Retail 26 Feb 2016 0.25% 0.40% 29 Feb 2024 0.40% 31 Aug 2023
G GBP LU1273680238 Accum Institutional 28 Aug 2015 0.25% 0.36% 29 Feb 2024 0.36% 31 Aug 2023
HG (hedged) EUR LU1925065655 Accum Institutional 8 Jan 2019 0.25% 0.42% 29 Feb 2024 0.42% 31 Aug 2023
HI (hedged) CHF LU1599320444 Accum Institutional 25 Apr 2017 0.40% 0.57% 29 Feb 2024 0.57% 31 Aug 2023
HN (hedged) EUR LU1734078238 Accum Retail 11 Dec 2017 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
HN (hedged) CHF LU2270707495 Accum Retail 17 Dec 2020 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
HN (hedged) USD LU1767066357 Accum Retail 9 Feb 2018 0.40% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
I GBP LU1267852082 Accum Institutional 28 Aug 2015 0.40% 0.51% 29 Feb 2024 0.51% 31 Aug 2023
N GBP LU1267852595 Accum Retail 28 Aug 2015 0.40% 0.55% 29 Feb 2024 0.55% 31 Aug 2023

* TER includes performance fee where applicable

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Exposure to Middle East Apr 2024
Factsheet Apr 2024
Monthly Commentary Apr 2024
UCITS KIIDs
Key Investor Information Document (KIID) Jan 2024
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AGM EGM invitation Jan 2024
AGM EGM invitation Jan 2023
AGM EGM invitation Jan 2022
AGM EGM invitation May 2021
AGM EGM invitation Jan 2021
AGM EGM invitation Jan 2020
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Notification to Investors Nov 2022
Notification to Investors Jan 2022
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Notification to Investors Mar 2021
Notification to Investors Feb 2021
Notification to Investors Nov 2019
Sales Prospectus Jan 2024
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Periodic Disclosure Aug 2023
Pre-contractual Disclosure Jan 2024
Statement on principal adverse impacts of investment decisions on sustainability factors Jun 2023
Sustainability Related Disclosures Mar 2024
Financial Reports
Annual Distribution Nov 2023
Annual Report Aug 2023
Distribution Dates Jan 2024
Quarterly Distribution Mar 2024
Semi-Annual Report Feb 2024
Semi Annual Distribution Apr 2024
Semi Annual Distribution Apr 2023
UK Tax Reporting Aug 2023
UK Tax Reporting Aug 2022
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Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022