Vontobel Fund - TwentyFour Strategic Income Fund

Flexible Bonds
ISIN
LU1767066431
Valor
40236077
121.92
NAV
As at 21 May 2024
3.73%
As of 31 Mar 2024

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 21 May 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency USD
Year End 31 August
Share Class Launch date 9 Feb 2018
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 AT, CH, DE, ES, FR, GB, LI, LU, SG
Nav Information
Highest since launch 122.88
Lowest since launch 96.23
Fund size in mln. GBP 3,382.13
Share class size in mln. USD 20.65
Fees And Expenses
Management fee 0.60%
TER* 0.80% (29 Feb 2024)
OCF 0.80% (31 Aug 2023)
Identifiers
ISIN LU1767066431
Valor 40236077
Bloomberg VOTSHNU LX
WKN A2JMDA
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
AH (hedged) EUR LU1380459518 Dist Retail 23 Mar 2016 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
AH (hedged) USD LU1380459609 Dist Retail 23 Mar 2016 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
AHN (hedged) EUR LU1734078311 Dist Retail 11 Dec 2017 0.60% 0.80% 29 Feb 2024 0.80% 31 Aug 2023
AHN (hedged) CHF LU1683482407 Dist Retail 4 Oct 2017 0.60% 0.80% 29 Feb 2024 0.80% 31 Aug 2023
AQ GBP LU1695534591 Dist Retail 10 Oct 2017 1.20% 1.34% 29 Feb 2024 1.34% 31 Aug 2023
AQG GBP LU1322872018 Dist Institutional 30 Nov 2015 0.45% 0.55% 29 Feb 2024 0.55% 31 Aug 2023
AQH (hedged) Gross USD LU1695534674 Dist Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
AQH (hedged) Gross EUR LU1695534757 Dist Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
AQHG (hedged) EUR LU1816229899 Dist Institutional 18 May 2018 0.45% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
AQHG (hedged) USD LU1816230046 Dist Institutional 18 May 2018 0.45% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
AQHI (hedged) USD LU1331792082 Dist Institutional 18 Dec 2015 0.60% 0.76% 29 Feb 2024 0.76% 31 Aug 2023
AQHN (hedged) EUR LU1325135033 Dist Retail 30 Nov 2015 0.60% 0.80% 29 Feb 2024 0.80% 31 Aug 2023
AQHNG (hedged) EUR LU1325134226 Dist Retail 30 Nov 2015 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
AQHNG (hedged) USD LU1451580523 Dist Retail 22 Jul 2016 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
AQN GBP LU1322871630 Dist Retail 30 Nov 2015 0.60% 0.74% 29 Feb 2024 0.74% 31 Aug 2023
AQNG GBP LU1695534328 Dist Retail 10 Oct 2017 0.45% 0.59% 29 Feb 2024 0.59% 31 Aug 2023
G GBP LU1322871713 Accum Institutional 30 Nov 2015 0.45% 0.55% 29 Feb 2024 0.55% 31 Aug 2023
H (hedged) USD LU1695535135 Accum Retail 10 Oct 2017 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
H (hedged) EUR LU1551754515 Accum Retail 31 Jan 2017 1.20% 1.40% 29 Feb 2024 1.40% 31 Aug 2023
HG (hedged) EUR LU1717117623 Accum Institutional 10 Nov 2017 0.45% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
HG (hedged) USD LU1717117896 Accum Institutional 10 Nov 2017 0.45% 0.61% 29 Feb 2024 0.61% 31 Aug 2023
HI (hedged) USD LU1325144027 Accum Institutional 30 Nov 2015 0.60% 0.76% 29 Feb 2024 0.76% 31 Aug 2023
HI (hedged) EUR LU1325141510 Accum Institutional 30 Nov 2015 0.60% 0.76% 29 Feb 2024 0.76% 31 Aug 2023
HN (hedged) USD LU1767066431 Accum Retail 9 Feb 2018 0.60% 0.80% 29 Feb 2024 0.80% 31 Aug 2023
HNG (hedged) EUR LU1325133921 Accum Retail 30 Nov 2015 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
HNG (hedged) USD LU1695535051 Accum Retail 10 Oct 2017 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
I GBP LU1322871390 Accum Institutional 30 Nov 2015 0.60% 0.70% 29 Feb 2024 0.70% 31 Aug 2023
N GBP LU1322871556 Accum Retail 30 Nov 2015 0.60% 0.74% 29 Feb 2024 0.74% 31 Aug 2023
NG GBP LU1322871986 Accum Retail 30 Nov 2015 0.45% 0.59% 29 Feb 2024 0.59% 31 Aug 2023

* TER includes performance fee where applicable

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Document Date EN
Factsheets & Commentaries
Exposure to Middle East Apr 2024
Factsheet Apr 2024
Monthly Commentary Apr 2024
UCITS KIIDs
Key Investor Information Document (KIID) Jan 2024
Legal Documents
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 Dec 2023
Notification to Investors May 2023
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 Jan 2024
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Sustainability Related Disclosures
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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Holiday Calendar 2024 Jan 2024
Order Subscription Form Jan 2020
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Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022