Flexible Bonds
This bond fund aims to achieve an attractive level of income and capital growth over a full economic cycle, while respecting risk diversification.
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.
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.
Partner, Portfolio Management
Partner, Portfolio Management
Portfolio Management
Head of US Credit
Partner, Portfolio Management
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All data is as at 31 Aug 2023 unless otherwise indicated.
| 1M | YTD | 3 yrs p.a. | 5 yrs p.a. | Since Inception | |
|---|---|---|---|---|---|
| AQHG (hedged) EUR | 0.0% | 2.3% | -2.3% | 0.3% | 0.5% |
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| AQHG (hedged) EUR | -14.0% | 1.5% | 7.3% | 8.2% | -3.0% | NA | NA | NA | NA | NA |
| Portfolio | ||||||
|---|---|---|---|---|---|---|
| Volatility | 7.5% | |||||
| Sharpe Ratio | negative | |||||
| Interest rate duration | 4.4 | |||||
| Credit duration | 2.5 | |||||
| Expected annual yield | 7.9% | |||||
| Average Rating | BBB+ | |||||
| Number of positions | 327.0 | |||||
| [1 year] | ||||||
All data is as at 27 Sep 2023 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | GBP |
| Share Class Currency | EUR |
| Year End | 31 August |
| Share Class Launch date | 18 May 2018 |
| Distribution Type | Dist |
| Last distribution | 1.13 (21 Sep 2023) |
| 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 | AT, CH, DE, ES, GB, IT, LU, SG |
| Highest since launch | 104.09 |
|---|---|
| Lowest since launch | 78.68 |
| Fund size in mln. | GBP 3,360.14 |
| Share class size in mln. | EUR 17.44 |
| Management fee | 0.45% |
|---|---|
| TER* | 0.61% (28 Feb 2023) |
| OCF | 0.61% (28 Feb 2023) |
| ISIN | LU1816229899 |
|---|---|
| Valor | 41604558 |
| Bloomberg | V24SAQE LX |
| SEDOL | BG0SCF4 |
| WKN | A2JSBS |
| 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 |
| 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% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| AH (hedged) | USD | LU1380459609 | Dist | Retail | 23 Mar 2016 | 1.20% | 1.40% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| AHN (hedged) | EUR | LU1734078311 | Dist | Retail | 11 Dec 2017 | 0.60% | 0.80% | 28 Feb 2023 | 0.80% | 28 Feb 2023 |
| AHN (hedged) | CHF | LU1683482407 | Dist | Retail | 4 Oct 2017 | 0.60% | 0.80% | 28 Feb 2023 | 0.80% | 28 Feb 2023 |
| AQ | GBP | LU1695534591 | Dist | Retail | 10 Oct 2017 | 1.20% | 1.34% | 28 Feb 2023 | 1.34% | 28 Feb 2023 |
| AQG | GBP | LU1322872018 | Dist | Institutional | 30 Nov 2015 | 0.45% | 0.55% | 28 Feb 2023 | 0.55% | 28 Feb 2023 |
| AQH (hedged) Gross | USD | LU1695534674 | Dist | Retail | 10 Oct 2017 | 1.20% | 1.40% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| AQH (hedged) Gross | EUR | LU1695534757 | Dist | Retail | 10 Oct 2017 | 1.20% | 1.40% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| AQHG (hedged) | EUR | LU1816229899 | Dist | Institutional | 18 May 2018 | 0.45% | 0.61% | 28 Feb 2023 | 0.61% | 28 Feb 2023 |
| AQHG (hedged) | USD | LU1816230046 | Dist | Institutional | 18 May 2018 | 0.45% | 0.61% | 28 Feb 2023 | 0.61% | 28 Feb 2023 |
| AQHI (hedged) | USD | LU1331792082 | Dist | Institutional | 18 Dec 2015 | 0.60% | 0.76% | 28 Feb 2023 | 0.76% | 28 Feb 2023 |
| AQHN (hedged) | EUR | LU1325135033 | Dist | Retail | 30 Nov 2015 | 0.60% | 0.76% | 28 Feb 2023 | 0.76% | 28 Feb 2023 |
| AQHNG (hedged) | EUR | LU1325134226 | Dist | Retail | 30 Nov 2015 | 0.45% | 0.65% | 28 Feb 2023 | 0.65% | 28 Feb 2023 |
| AQHNG (hedged) | USD | LU1451580523 | Dist | Retail | 22 Jul 2016 | 0.45% | 0.65% | 28 Feb 2023 | 0.65% | 28 Feb 2023 |
| AQN | GBP | LU1322871630 | Dist | Retail | 30 Nov 2015 | 0.60% | 0.74% | 28 Feb 2023 | 0.74% | 28 Feb 2023 |
| AQNG | GBP | LU1695534328 | Dist | Retail | 10 Oct 2017 | 0.45% | 0.59% | 28 Feb 2023 | 0.59% | 28 Feb 2023 |
| G | GBP | LU1322871713 | Accum | Institutional | 30 Nov 2015 | 0.45% | 0.55% | 28 Feb 2023 | 0.55% | 28 Feb 2023 |
| H (hedged) | USD | LU1695535135 | Accum | Retail | 10 Oct 2017 | 1.20% | 1.40% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| H (hedged) | EUR | LU1551754515 | Accum | Retail | 31 Jan 2017 | 1.20% | 1.40% | 28 Feb 2023 | 1.40% | 28 Feb 2023 |
| HG (hedged) | EUR | LU1717117623 | Accum | Institutional | 10 Nov 2017 | 0.45% | 0.61% | 28 Feb 2023 | 0.61% | 28 Feb 2023 |
| HG (hedged) | USD | LU1717117896 | Accum | Institutional | 10 Nov 2017 | 0.45% | 0.61% | 28 Feb 2023 | 0.61% | 28 Feb 2023 |
| HI (hedged) | USD | LU1325144027 | Accum | Institutional | 30 Nov 2015 | 0.60% | 0.76% | 28 Feb 2023 | 0.76% | 28 Feb 2023 |
| HI (hedged) | EUR | LU1325141510 | Accum | Institutional | 30 Nov 2015 | 0.60% | 0.76% | 28 Feb 2023 | 0.76% | 28 Feb 2023 |
| HN (hedged) | USD | LU1767066431 | Accum | Retail | 9 Feb 2018 | 0.60% | 0.80% | 28 Feb 2023 | 0.80% | 28 Feb 2023 |
| HNG (hedged) | EUR | LU1325133921 | Accum | Retail | 30 Nov 2015 | 0.45% | 0.65% | 28 Feb 2023 | 0.65% | 28 Feb 2023 |
| HNG (hedged) | USD | LU1695535051 | Accum | Retail | 10 Oct 2017 | 0.45% | 0.65% | 28 Feb 2023 | 0.65% | 28 Feb 2023 |
| I | GBP | LU1322871390 | Accum | Institutional | 30 Nov 2015 | 0.60% | 0.70% | 28 Feb 2023 | 0.70% | 28 Feb 2023 |
| N | GBP | LU1322871556 | Accum | Retail | 30 Nov 2015 | 0.60% | 0.74% | 28 Feb 2023 | 0.74% | 28 Feb 2023 |
| NG | GBP | LU1322871986 | Accum | Retail | 30 Nov 2015 | 0.45% | 0.59% | 28 Feb 2023 | 0.59% | 28 Feb 2023 |
* TER includes performance fee where applicable
All data is as at 31 Aug 2023 unless otherwise indicated.
View all documents View latest documents
| Document | Date | EN |
|---|---|---|
| Factsheets & Commentaries | ||
| Exposures to Chinese Real Estate | Aug 2023 | |
| Factsheet | Aug 2023 | |
| Monthly Commentary | Aug 2023 | |
| UCITS KIIDs | ||
| Key Investor Information Document (KIID) | May 2023 | |
| Legal Documents | ||
| 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 | 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 | May 2023 | |
| View more Legal Documents View less Legal Documents | ||
| Sustainability Related Disclosures | ||
| Pre-contractual Disclosure | May 2023 | |
| Sustainability Related Disclosures | Dec 2022 | |
| Financial Reports | ||
| Annual Distribution | Nov 2022 | |
| Annual Report | Aug 2022 | |
| Distribution Dates | Jan 2023 | |
| Quarterly Distribution | Sep 2023 | |
| Semi-Annual Report | Feb 2023 | |
| Semi Annual Distribution | Apr 2023 | |
| UK Tax Reporting | Aug 2022 | |
| Dealing Information | ||
| Holiday Calendar 2023 | Jan 2023 | |
| Order Subscription Form | Jan 2020 | |
| Policies | ||
| Sanctioned Countries | Oct 2022 | |
| Shareclass Naming Convention | Jan 2022 | |
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2023 | |