Asset Backed Securities
This bond fund aims to provide an attractive level of income relative to prevailing interest rates, while maintaining a strong focus on capital preservation and respecting risk diversification.
The fund invests with a focus on Europe in fixed-income securities, particularly asset-backed securities, in various currencies of diverse issuers of good quality (at least low investment grade). The fund can use derivative financial instruments for hedging purposes.
The experienced and diverse investment team focuses initially on capital preservation, avoiding defaults and mitigating volatility, as well as accessing an attractive revenue stream on a risk-adjusted basis. The team drives this by a thorough analysis of fundamental credit risk as well as by the liquidity profile of each position and the relative value present in the portfolio compared to the market. The team extensively mitigates interest-rate and currency risks by investing solely in floating-rate bonds and hedging currency exposures.
Partner, Portfolio Management
Partner, Portfolio Management
Partner, Portfolio Management
Partner, Portfolio Management
Portfolio Management
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All data is as at 30 Oct 2020 unless otherwise indicated.
| 1M | YTD | 3 YR | Since Inception | |
|---|---|---|---|---|
| I EUR | 0.1% | -1.1% | 0.1% | 1.6% |
| 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 EUR | NA | NA | 0.6% | 0.5% | -0.8% |
| Portfolio | |||||
|---|---|---|---|---|---|
| Volatility | 4.6% | ||||
| Sharpe Ratio | 0.1 | ||||
| Interest rate duration | 0.1 | ||||
| Credit duration | 2.7 | ||||
| Average Rating | A+ | ||||
| Number of positions | 67.0 | ||||
| [3 years annualized] | |||||
All data is as at 30 Nov 2020 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | EUR |
| End of fiscal year | 31 August |
| Share Class Launch date | 27 Jun 2017 |
| Distribution type | Accum |
| Swinging single pricing | Yes |
| Fund Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE, SG |
| Share Class Registrations | CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE, SG |
| Highest since launch | 103.29 |
|---|---|
| Lowest since launch | 94.41 |
| Fund size in mln. | EUR 141.01 |
| Share class size in mln. | EUR 89.33 |
| Management fee | 0.50% |
|---|---|
| TER* | 0.63% (28 Feb 2020) |
| ISIN | LU1602255561 |
|---|---|
| Valor | 36484858 |
| Bloomberg | VONTFIE LX |
| SEDOL | BYVXB35 |
| WKN | A2DTWS |
| 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 |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | TER* | TER Date |
|---|---|---|---|---|---|---|---|---|
| A | EUR | LU1882612564 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.17% | 28 Feb 2020 |
| AH (hedged) | USD | LU1882612994 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.23% | 28 Feb 2020 |
| AH (hedged) | CHF | LU1882612648 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.23% | 28 Feb 2020 |
| AH (hedged) | GBP | LU1882612721 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.23% | 28 Feb 2020 |
| HI (hedged) | USD | LU1602256700 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.69% | 28 Feb 2020 |
| HI (hedged) | CHF | LU1602256296 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.69% | 28 Feb 2020 |
| HN (hedged) | CHF | LU1882613299 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.73% | 28 Feb 2020 |
| HN (hedged) | USD | LU1882613455 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.73% | 28 Feb 2020 |
| HN (hedged) | GBP | LU1882613372 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.73% | 28 Feb 2020 |
| I | EUR | LU1602255561 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.63% | 28 Feb 2020 |
| N | EUR | LU1882613026 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.67% | 28 Feb 2020 |
All data is as at 30 Oct 2020 unless otherwise indicated.