Vontobel Fund - TwentyFour Strategic Income Fund

Flexible Bonds
ISIN
LU1322871713
Valor
30445634
Sedol
BYXDH24
136.14
NAV
As at 17 Jul 2024
5.66%

Investment objective

This bond fund aims to achieve an attractive level of income and capital growth over a full economic cycle, while respecting risk diversification.


Key features

The fund invests worldwide in a variety of government bonds, supranational bonds, investment-grade and high-yield corporate bonds, emerging market bonds, contingent convertible bonds, and asset-backed securities, denominated in various currencies. At the point of purchase, exchange rate risks against the fund currency are fully hedged. The fund can use derivative financial instruments for hedging purposes.


Approach

The experienced investment team takes a high-conviction approach to finding the best relative-value opportunities available in the investment universe, based on rigorous macro-economic and technical analyses combined with detailed credit analysis. Striving to benefit throughout the credit cycle from both rising and declining rate environments, the team flexibly allocates interest-rate and credit risks in line with their continuous assessment of market conditions and future developments. They also use interest-rate and credit derivatives to either optimize or reduce exposures.

The Vontobel Fund - TwentyFour Strategic Income Fund (SIF) is an unconstrained fund that seeks value from across the global bond markets.

SIF is TwentyFour’s flagship ‘go anywhere’ bond fund, designed as a core fixed income allocation to be held throughout the economic cycle. The managers’ approach is dynamic and high conviction, with the portfolio able to adjust quickly to target new opportunities and mitigate risks as market conditions evolve.

Why invest?

  • The primary goal is an attractive level of income at all times, with a secondary goal of capital growth where conditions permit
  • An unconstrained, global and flexible fund not tied to any benchmark
  • An investment universe spanning government bonds, investment grade, high yield and emerging markets, as well as more specialist sectors such as subordinated financials and asset-backed securities
  • High conviction approach seeks relative value by geography, sector, bond issuer and type of bond, looking to capture alpha from the bottom-up as well as top-down
  • Long-only and unlevered, but with a hedging toolkit available for managing currency, interest rate and credit risk

Investment team

Insights

All data is as at 17 Jul 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency GBP
Risk Level 4.00 (26 Jan 2024)
Year End 31 August
Share Class Launch date 30 Nov 2015
Distribution Type Accumulating
Minimum investment 50,000,000.00
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, IE, LU, SG
Nav Information
Highest since launch 136.14
Lowest since launch 94.24
Fund size in mln. GBP 3,608.29
Share class size in mln. GBP 307.95
Fees And Expenses
Management fee 0.45%
TER* 0.55% (29 Feb 2024)
OCF 0.55% (29 Feb 2024)
Identifiers
ISIN LU1322871713
Valor 30445634
Bloomberg VOTFGGG LX
SEDOL BYXDH24
WKN A2ARCR
Parties
Depository CACEIS Bank, 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* TER Date OCF OCF Date
AH (hedged) EUR LU1380459518 Distributing Retail 23 Mar 2016 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
AH (hedged) USD LU1380459609 Distributing Retail 23 Mar 2016 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
AHN (hedged) EUR LU1734078311 Distributing Retail 11 Dec 2017 0.60% 0.80% 29 Feb 2024 0.80% 29 Feb 2024
AHN (hedged) CHF LU1683482407 Distributing Retail 4 Oct 2017 0.60% 0.80% 29 Feb 2024 0.80% 29 Feb 2024
AQ GBP LU1695534591 Distributing Retail 10 Oct 2017 1.20% 1.34% 29 Feb 2024 1.34% 29 Feb 2024
AQG GBP LU1322872018 Distributing Institutional 30 Nov 2015 0.45% 0.55% 29 Feb 2024 0.55% 29 Feb 2024
AQH (hedged) Gross USD LU1695534674 Distributing Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
AQH (hedged) Gross EUR LU1695534757 Distributing Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
AQHG (hedged) EUR LU1816229899 Distributing Institutional 18 May 2018 0.45% 0.61% 29 Feb 2024 0.61% 29 Feb 2024
AQHG (hedged) USD LU1816230046 Distributing Institutional 18 May 2018 0.45% 0.61% 29 Feb 2024 0.61% 29 Feb 2024
AQHI (hedged) USD LU1331792082 Distributing Institutional 18 Dec 2015 0.60% 0.76% 29 Feb 2024 0.76% 29 Feb 2024
AQHN (hedged) EUR LU1325135033 Distributing Retail 30 Nov 2015 0.60% 0.80% 29 Feb 2024 0.80% 29 Feb 2024
AQHNG (hedged) EUR LU1325134226 Distributing Retail 30 Nov 2015 0.45% 0.65% 29 Feb 2024 0.65% 29 Feb 2024
AQHNG (hedged) USD LU1451580523 Distributing Retail 22 Jul 2016 0.45% 0.65% 29 Feb 2024 0.65% 29 Feb 2024
AQN GBP LU1322871630 Distributing Retail 30 Nov 2015 0.60% 0.74% 29 Feb 2024 0.74% 29 Feb 2024
AQNG GBP LU1695534328 Distributing Retail 10 Oct 2017 0.45% 0.59% 29 Feb 2024 0.59% 29 Feb 2024
G GBP LU1322871713 Accumulating Institutional 30 Nov 2015 0.45% 0.55% 29 Feb 2024 0.55% 29 Feb 2024
H (hedged) USD LU1695535135 Accumulating Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
H (hedged) EUR LU1551754515 Accumulating Retail 31 Jan 2017 1.20% 1.40% 29 Feb 2024 1.40% 29 Feb 2024
HG (hedged) EUR LU1717117623 Accumulating Institutional 10 Nov 2017 0.45% 0.61% 29 Feb 2024 0.61% 29 Feb 2024
HG (hedged) USD LU1717117896 Accumulating Institutional 10 Nov 2017 0.45% 0.61% 29 Feb 2024 0.61% 29 Feb 2024
HI (hedged) USD LU1325144027 Accumulating Institutional 30 Nov 2015 0.60% 0.76% 29 Feb 2024 0.76% 29 Feb 2024
HI (hedged) EUR LU1325141510 Accumulating Institutional 30 Nov 2015 0.60% 0.76% 29 Feb 2024 0.76% 29 Feb 2024
HN (hedged) USD LU1767066431 Accumulating Retail 9 Feb 2018 0.60% 0.80% 29 Feb 2024 0.80% 29 Feb 2024
HNG (hedged) EUR LU1325133921 Accumulating Retail 30 Nov 2015 0.45% 0.65% 29 Feb 2024 0.65% 29 Feb 2024
HNG (hedged) USD LU1695535051 Accumulating Retail 10 Oct 2017 0.45% 0.65% 29 Feb 2024 0.65% 29 Feb 2024
I GBP LU1322871390 Accumulating Institutional 30 Nov 2015 0.60% 0.70% 29 Feb 2024 0.70% 29 Feb 2024
N GBP LU1322871556 Accumulating Retail 30 Nov 2015 0.60% 0.74% 29 Feb 2024 0.74% 29 Feb 2024
NG GBP LU1322871986 Accumulating Retail 30 Nov 2015 0.45% 0.59% 29 Feb 2024 0.59% 29 Feb 2024

* TER includes performance fee where applicable

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