Investment objective
This actively managed bond fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation.
Key features
While respecting risk diversification, the fund invests primarily in asset-backed securities (ABS) of European, UK, Australian, and US issuers rated investment grade (S&P credit ratings AAA to BBB-, or similar) at the time of investment. Defined limits apply in the event of any later rating downgrade to non-investment grade. The fund considers specific sustainability criteria in assessing potential investments, combining the promotion of environmental and/or social characteristics with a commitment to sustainable investments. It uses no benchmark. The investment team has full discretion.
Approach
The investment team thoroughly analyzes credit, interest-rate, and currency risks on an ongoing basis, striving to identify opportunities for a stable income stream and to avoid defaults. It continuously monitors each portfolio position's liquidity profile and value relative to the market and flexibly makes adjustments as needed.
A fund that invests across the full range of primarily European investment grade 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 30 Jun 2026 unless otherwise indicated.
| 1M | YTD | Annualised | Since Inception | |||
|---|---|---|---|---|---|---|
| 1Y | 3Y | 5Y | ||||
| HN (hedged) CHF | 0.1% | 0.5% | 0.9% | 2.7% | 1.3% | 7.5% |
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| HN (hedged) CHF | 1.0% | 3.9% | 6.2% | -5.0% | 1.4% | -0.5% | 1.6% | NA | NA | NA |
| Portfolio | ||||
|---|---|---|---|---|
| Volatility | 1.0% | |||
| Sharpe Ratio | 1.8 | |||
| Credit duration | 2.9 | |||
| Average Rating | AA- | |||
| Yield To Maturity | 3.7% | |||
| [3 years annualized] | ||||
Past performance is not a reliable indicator of future performance. The performance figures shown are in the respective share class currency on a mid-to-mid basis inclusive of net reinvested income and net of all fund expenses. Performance data does not take into account any commissions and costs charged when shares of the fund are issued and redeemed. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. *Since Inception relates to inception of the share class.
All data is as at 13 Jul 2026 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | EUR |
| Share Class Currency | CHF |
| Risk Level | 2.00 (18 May 2026) |
| Year End | 31 August |
| Share Class Launch Date | 5 Nov 2018 |
| Distribution Type | Accumulating |
| Swing Pricing Eligible | 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 | AT, CH, DE, ES, GB, LI, LU, NL, SG |
| Highest since launch | 107.51 |
|---|---|
| Lowest since launch | 92.04 |
| Fund size in mln. | EUR 235.81 |
| Share class size in mln. | CHF 0.46 |
| Management Fee | 0.50% |
|---|---|
| Max Management Fee | 0.82% |
| TER* | 0.69% (28 Feb 2026) |
| OCF | 0.69% (28 Feb 2026) |
| Luxembourg Taxe d Abonnement | 0.05% |
| ISIN | LU1882613299 |
|---|---|
| Valor | 43753894 |
| Bloomberg | VOTFHNH LX |
| SEDOL | BGHX865 |
| WKN | A2N72C |
| Investment Manager | TwentyFour Asset Management LLP, London |
|---|---|
| Depositary | 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% | 1.16% (28 Feb 2026) | 1.16% (28 Feb 2026) |
| AHI (hedged) | GBP | LU2388185246 | Distributing | Institutional | 6 Oct 2021 | 0.50% | 0.65% (28 Feb 2026) | 0.65% (28 Feb 2026) |
| AQHG (hedged) | GBP | LU2388185089 | Distributing | Institutional | 6 Oct 2021 | 0.35% | 0.50% (28 Feb 2026) | 0.50% (28 Feb 2026) |
| AQHNG (hedged) | GBP | LU2388184868 | Distributing | Retail | 6 Oct 2021 | 0.35% | 0.54% (28 Feb 2026) | 0.54% (28 Feb 2026) |
| HG (hedged) | GBP | LU2388185162 | Accumulating | Institutional | 6 Oct 2021 | 0.35% | 0.50% (28 Feb 2026) | 0.50% (28 Feb 2026) |
| HI (hedged) | GBP | LU2388185329 | Accumulating | Institutional | 6 Oct 2021 | 0.50% | 0.65% (28 Feb 2026) | 0.65% (28 Feb 2026) |
| HI (hedged) | USD | LU1602256700 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.65% (28 Feb 2026) | 0.65% (28 Feb 2026) |
| HI (hedged) | CHF | LU1602256296 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.65% (28 Feb 2026) | 0.65% (28 Feb 2026) |
| HN (hedged) | CHF | LU1882613299 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.69% (28 Feb 2026) | 0.69% (28 Feb 2026) |
| HN (hedged) | GBP | LU1882613372 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.69% (28 Feb 2026) | 0.69% (28 Feb 2026) |
| HNG (hedged) | GBP | LU2388184942 | Accumulating | Retail | 6 Oct 2021 | 0.35% | 0.54% (28 Feb 2026) | 0.54% (28 Feb 2026) |
| I | EUR | LU1602255561 | Accumulating | Institutional | 27 Jun 2017 | 0.50% | 0.62% (28 Feb 2026) | 0.62% (28 Feb 2026) |
| N | EUR | LU1882613026 | Accumulating | Retail | 5 Nov 2018 | 0.50% | 0.66% (28 Feb 2026) | 0.66% (28 Feb 2026) |
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 30 Jun 2026 unless otherwise indicated.
| Maturity | Weighting | |
|---|---|---|
| Cash & Equiv | 2.4% | |
| 0 - 1 yrs | 10.6% | |
| 1 - 3 yrs | 35.3% | |
| 3 - 5 yrs | 33.4% | |
| 5 - 7 yrs | 16.7% | |
| 7 - 10 yrs | 1.6% | |
| 10 - 15 yrs | % |
View all documents View latest documents
| Document | Date | EN |
|---|---|---|
| Factsheets & Commentaries | ||
| Factsheet | Jun 2026 | |
| Factsheet | May 2026 | |
| Factsheet | Apr 2026 | |
| Factsheet | Mar 2026 | |
| Factsheet | Feb 2026 | |
| Factsheet | Jan 2026 | |
| Factsheet | Dec 2025 | |
| Factsheet | Nov 2025 | |
| Factsheet | Oct 2025 | |
| Factsheet | Sep 2025 | |
| Factsheet | Aug 2025 | |
| Factsheet | Jul 2025 | |
| Factsheet | Jun 2025 | |
| Monthly Commentary | Jun 2026 | |
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||
| UCITS KIIDs | ||
| Key Investor Information Document (KIID) | May 2026 | |
| Legal Documents | ||
| AGM EGM invitation | Jan 2026 | |
| Articles of Association | Apr 2016 | |
| Notification to Investors | Jun 2026 | |
| Notification to Investors | Dec 2025 | |
| Notification to Investors | Aug 2025 | |
| 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 | Jan 2026 | |
| View more Legal Documents View less Legal Documents | ||
| Sustainability Related Disclosures | ||
| Exclusion Framework | Jan 2026 | |
| Periodic Disclosure | Aug 2025 | |
| Pre-contractual Disclosure | Jan 2026 | |
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2026 | |
| Sustainability Related Disclosures | Jan 2026 | |
| Financial Reports | ||
| Annual Distribution | Nov 2025 | |
| Annual Distribution | Nov 2024 | |
| Annual Report | Aug 2025 | |
| Distribution Dates | Jan 2026 | |
| Quarterly Distribution | Jun 2026 | |
| Quarterly Distribution | Mar 2026 | |
| Quarterly Distribution | Dec 2025 | |
| Quarterly Distribution | Sep 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 2026 | |
| Semi Annual Distribution | Apr 2025 | |
| Semi Annual Distribution | Apr 2024 | |
| Semi Annual Distribution | Apr 2023 | |
| UK Tax Reporting | Aug 2025 | |
| 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 | ||
| Application Form | Oct 2024 | |
| Application Form | Sep 2023 | |
| Holiday Calendar 2026 | Jan 2026 | |
| Order Subscription Form | Oct 2024 | |
| Insights | ||
| Solvency II and Asset Backed Securities | Nov 2017 | |
| Policies | ||
| Sanctioned Countries | Oct 2022 | |
| Shareclass Naming Convention | Jan 2026 | |
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: © 2026 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.
