Asset Backed Securities

Vontobel Fund - TwentyFour Monument European Asset Backed Securities

ISIN
LU1602255561
Valor
36484858
Sedol
BYVXB35

Investment objective

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.


Key features

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.


Approach

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.

102.11
NAV
-0.56%
Performance YTD
As at 30 Nov 2020

Insights

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

Fund performance

Cumulative performance

1M YTD 3 YR Since Inception
I EUR 0.1% -1.1% 0.1% 1.6%

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 EUR NA NA 0.6% 0.5% -0.8%

Performance for calendar years

Volatility & risk

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.

Fund data
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
Nav Information
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
Fees And Expenses
Management fee 0.50%
TER* 0.63% (28 Feb 2020)
Identifiers
ISIN LU1602255561
Valor 36484858
Bloomberg VONTFIE LX
SEDOL BYVXB35
WKN A2DTWS
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
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.

Rating Structure

Major Sectors

Document Date EN
Factsheets & Commentaries
Factsheet Oct 2020
Monthly Commentary Oct 2020
KIIDs
KIID Jul 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
Insights
Solvency II and Asset Backed Securities Nov 2017
Policies
Sanctioned Countries Sep 2016
Shareclass Naming Convention Nov 2019