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.
A fund that invests across the full range of investment grade European ABS.
Vontobel Fund - TwentyFour Asset Backed Securities uses the natural advantages of the asset class and a vastly experienced team to target stable, attractive returns.
The Fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation.
All data is as at 31 May 2025 unless otherwise indicated.
| 1M | YTD | 1Y | 3 yrs p.a. | 5 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|---|
| I EUR | 0.8% | 1.4% | 4.4% | 4.7% | 3.6% | 16.9% |
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| I EUR | 6.7% | 8.4% | -4.5% | 1.7% | -0.1% | 2.0% | -1.1% | NA | NA | NA |
| Portfolio | |||||
|---|---|---|---|---|---|
| Volatility | 2.5% | ||||
| Sharpe Ratio | 0.7 | ||||
| Information Ratio | |||||
| Credit duration | 2.9 | ||||
| Average Rating | AA- | ||||
| Yield To Maturity | 3.7% | ||||
| [3 years annualized] | |||||
All data is as at 27 Jun 2025 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | EUR |
| Risk Level | 2.00 (16 Jun 2025) |
| Year End | 31 August |
| Share Class Launch date | 27 Jun 2017 |
| Distribution Type | Accumulating |
| Swing pricing | Yes |
| SFDR Classification | Article 8 |
| Fund Registrations | AT, CH, DE, DK, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE, SG |
| Share Class Registrations | CH, DE, DK, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE, SG |
| Highest since launch | 117.63 |
|---|---|
| Lowest since launch | 94.41 |
| Fund size in mln. | EUR 221.84 |
| Share class size in mln. | EUR 81.65 |
| Management fee | 0.50% |
|---|---|
| TER* | 0.65% (28 Feb 2025) |
| OCF | 0.65% (28 Feb 2025) |
| ISIN | LU1602255561 |
|---|---|
| Valor | 36484858 |
| Bloomberg | VONTFIE LX |
| SEDOL | BYVXB35 |
| WKN | A2DTWS |
| Depository | State Street Bank International GmbH (Luxembourg Branch) |
|---|---|
| Management Company | Vontobel Asset Management SA, Luxembourg |
| Swiss Paying Agent | Bank Vontobel AG |
| Swiss Representative | Vontobel Fonds Services AG |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | TER* | OCF |
|---|---|---|---|---|---|---|---|---|
| A | EUR | LU1882612564 | Distributing | Retail | 5 Nov 2018 | 1.00% | 1.19% (28 Feb 2025) | 1.19% (28 Feb 2025) |
| AHI (hedged) | GBP | LU2388185246 | Distributing | Institutional | 6 Oct 2021 | 0.50% | 0.68% (28 Feb 2025) | 0.67% (28 Feb 2025) |
| AQHG (hedged) | GBP | LU2388185089 | Distributing | Institutional | 6 Oct 2021 | 0.35% | 0.53% (28 Feb 2025) | 0.52% (28 Feb 2025) |
| AQHNG (hedged) | GBP | LU2388184868 | Distributing | Retail | 6 Oct 2021 | 0.35% | 0.57% (28 Feb 2025) | 0.56% (28 Feb 2025) |
| HG (hedged) | GBP | LU2388185162 | Accumulating | Institutional | 6 Oct 2021 | 0.35% | 0.53% (28 Feb 2025) | 0.52% (28 Feb 2025) |
| HI (hedged) | USD | LU1602256700 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.68% (28 Feb 2025) | 0.67% (28 Feb 2025) |
| HI (hedged) | GBP | LU2388185329 | Accumulating | Institutional | 6 Oct 2021 | 0.50% | 0.68% (28 Feb 2025) | 0.67% (28 Feb 2025) |
| HI (hedged) | CHF | LU1602256296 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.68% (28 Feb 2025) | 0.67% (28 Feb 2025) |
| HN (hedged) | GBP | LU1882613372 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.72% (28 Feb 2025) | 0.71% (28 Feb 2025) |
| HN (hedged) | CHF | LU1882613299 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.72% (28 Feb 2025) | 0.71% (28 Feb 2025) |
| HNG (hedged) | GBP | LU2388184942 | Accumulating | Retail | 6 Oct 2021 | 0.35% | 0.57% (28 Feb 2025) | 0.56% (28 Feb 2025) |
| I | EUR | LU1602255561 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.65% (28 Feb 2025) | 0.65% (28 Feb 2025) |
| N | EUR | LU1882613026 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.69% (28 Feb 2025) | 0.69% (28 Feb 2025) |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
* TER includes performance fee where applicable
All data is as at 31 May 2025 unless otherwise indicated.
| Maturity | Weighting | |
|---|---|---|
| Cash & Equiv | 1.3% | |
| 0 - 1 yrs | 7.4% | |
| 1 - 3 yrs | 44.1% | |
| 3 - 5 yrs | 29.1% | |
| 5 - 7 yrs | 14.7% | |
| 7 - 10 yrs | 3.4% | |
| 10 - 15 yrs | % |
View all documents View latest documents
| Document | Date | EN |
|---|---|---|
| Factsheets & Commentaries | ||
| Factsheet | May 2025 | |
| Monthly Commentary | May 2025 | |
| UCITS KIIDs | ||
| Key Investor Information Document (KIID) | Jun 2025 | |
| Key Investor Information Document (KIID) | May 2025 | |
| Legal Documents | ||
| AGM EGM invitation | Jan 2025 | |
| 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 | |
| Articles of Association | Apr 2016 | |
| Notification to Investors | Apr 2025 | |
| Notification to Investors | Dec 2024 | |
| Notification to Investors | Oct 2024 | |
| Notification to Investors | Sep 2024 | |
| Notification to Investors | Jun 2024 | |
| Notification to Investors | May 2023 | |
| Notification to Investors | Dec 2022 | |
| Notification to Investors | Nov 2022 | |
| Notification to Investors | Jan 2022 | |
| Notification to Investors | Sep 2021 | |
| Notification to Investors | Jul 2021 | |
| Notification to Investors | May 2021 | |
| Notification to Investors | Mar 2021 | |
| Notification to Investors | Feb 2021 | |
| Notification to Investors | Nov 2019 | |
| Sales Prospectus | May 2025 | |
| View more Legal Documents View less Legal Documents | ||
| Sustainability Related Disclosures | ||
| Exclusion Framework | May 2025 | |
| Periodic Disclosure | Aug 2024 | |
| Pre-contractual Disclosure | May 2025 | |
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2025 | |
| Sustainability Related Disclosures | May 2025 | |
| Financial Reports | ||
| Annual Distribution | Nov 2024 | |
| Annual Report | Aug 2024 | |
| Distribution Dates | Jan 2025 | |
| Quarterly Distribution | Jun 2025 | |
| Quarterly Distribution | Mar 2025 | |
| Quarterly Distribution | Dec 2024 | |
| Quarterly Distribution | Sep 2024 | |
| Quarterly Distribution | Jun 2024 | |
| Quarterly Distribution | Mar 2024 | |
| Semi-Annual Report | Feb 2025 | |
| Semi Annual Distribution | Apr 2025 | |
| Semi Annual Distribution | Apr 2024 | |
| Semi Annual Distribution | Apr 2023 | |
| UK Tax Reporting | Aug 2024 | |
| UK Tax Reporting | Aug 2023 | |
| UK Tax Reporting | Aug 2022 | |
| View more Financial Reports View less Financial Reports | ||
| Dealing Information | ||
| Holiday Calendar 2025 | Jan 2025 | |
| Order Subscription Form | Oct 2024 | |
| Insights | ||
| Solvency II and Asset Backed Securities | Nov 2017 | |
| Policies | ||
| Sanctioned Countries | Oct 2022 | |
| Shareclass Naming Convention | Jan 2025 | |
RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Interest rates may vary, bonds suffer price declines on rising interest rates
Investments in foreign currencies are subject to currency fluctuations
The structure of ABS/MBS and the pools backing them might be intransparent which exposes the subfund to additional credit and prepayment risks (extension or contraction risks) depending on which tranche of ABS/MBS is purchased by the subfund
Information on how environmental and social objectives are achieved and how sustainability risks are managed in this Fund may be obtained from here.
Morningstar rating: © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
