Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

Investment Grade
ISIN
LU2081485323
Valor
51132452
Sedol
BL4KLJ8
109.55
NAV
As at 5 Dec 2024
5.64%

Investment objective

This bond fund aims to achieve a positive total return over 3 years whilst maintaining an annualized volatility of no more than 3%, whilst investing in securities of issuers that contribute towards the Paris Agreement's goal to hold the increase in the global average temperature to below 2°C above pre-industrial levels.


Key features

The fund invests worldwide mainly in shorter-term investment grade quality bonds, with at least 80% in sustainable investments whilst excluding certain economic activities that are deemed detrimental to society or the environment and are incompatible with the sustainable investment objective of the fund. The average maturity of the portfolio may not exceed 3.5 years. The fund can use derivative financial instruments for hedging purposes. The fund has not designated a reference benchmark for the purpose of attaining the sustainable investment objective.


Approach

The experienced and diverse investment team applies a proprietary ESG framework to invest at least 80% of the portfolio in securities of corporate issuers in sustainable investments that contribute to an environmental (climate change mitigation, climate change adaptation) objective or social (empowerment) objective, and to exclude issuers deriving a non-negligible part of their revenues from defined products and/or activities.

An actively managed sustainable Article 9 fund, long only, unlevered, easy to understand and designed to keep volatility low.

Investment opportunity

Vontobel Fund - TwentyFour Sustainable Short-Term Bond Income (SSTBI) applies both positive and negative ESG screening to the investment universe, a system designed to reward companies for sound ESG practices. SSTBI is an actively managed short term bond fund that aims to deliver steady returns in any market environment while keeping volatility to a minimum.

Investment objective

The Fund aims to achieve a positive total return over a 3-year period whilst maintaining an annualised volatility of no more than 3%. Additionally, the Fund has a sustainable investment objective within the meaning of Article 9 of the EU’s SFDR which consists of investing in securities of issuers that contribute towards the Paris Agreement’s goal to hold the increase in the global average temperature to below 2°C above pre-industrial levels
 

Why invest?

  • Our ESG screening process helps to ensure investors’ capital is invested sustainably, while still benefiting from TwentyFour’s specialist and active approach to fixed income
  • ESG score of the portfolio always higher than representative index*
  • Combines a traditional negative screen with a positive screen and ESG Integration, using TwentyFour’s ESG Scoring Model
  • Highly focused on security selection to generate alpha and lower risks. All bonds have to pass a rigorous screening process to show that they deliver good return potential with low volatility

 

*ICE/BAML 1-5Yr Global IG index.
 

Investment team

Insights

All data is as at 31 Oct 2024 unless otherwise indicated.

Fund performance

Cumulative performance

1M YTD 1Y 3 yrs p.a. Since Inception
NG GBP -0.1% 4.7% 7.2% 2.2% 8.6%

Performance for calendar years

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
NG GBP 6.5% -4.2% 0.2% NA NA NA NA NA NA NA

Portfolio characteristics

Portfolio
Volatility 2.9%
Sharpe Ratio negative
Information Ratio
[3 years annualized]

All data is as at 5 Dec 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency GBP
Risk Level 3.00 (7 Oct 2024)
Year End 31 August
Share Class Launch date 22 Jan 2020
Distribution Type Accumulating
Minimum investment 50,000,000.00
SFDR Classification Article 9
Fund Registrations AT, CH, DE, ES, FI, FR, GB, IE, IT, LI, LU, NL, NO, PT, SE, SG
Share Class Registrations CH, GB, LI, LU, SG
Nav Information
Highest since launch 109.57
Lowest since launch 94.77
Fund size in mln. GBP 1,459.13
Share class size in mln. GBP 35.96
Fees And Expenses
Management fee 0.25%
TER* 0.40% (29 Feb 2024)
OCF 0.40% (29 Feb 2024)
Identifiers
ISIN LU2081485323
Valor 51132452
Bloomberg VOTBING LX
SEDOL BL4KLJ8
WKN A2PZB8
Parties
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

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee TER* OCF
AHI (hedged) EUR LU2081486727 Distributing Institutional 22 Jan 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
AHI (hedged) USD LU2210409616 Distributing Institutional 27 Aug 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
AHI (hedged) CHF LU2210410036 Distributing Institutional 27 Aug 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
AN GBP LU2386632371 Distributing Retail 4 Oct 2021 0.40% 0.55% (29 Feb 2024) 0.55% (29 Feb 2024)
AQG GBP LU2081485596 Distributing Institutional 22 Jan 2020 0.25% 0.36% (29 Feb 2024) 0.36% (29 Feb 2024)
AQHNG (hedged) EUR LU2081486487 Distributing Retail 5 Nov 2021 0.25% 0.46% (29 Feb 2024) 0.43% (7 Oct 2024)
AQHNG (hedged) USD LU2403268092 Distributing Retail 5 Nov 2021 0.25% 0.46% (29 Feb 2024) 0.43% (7 Oct 2024)
AQI GBP LU2081485919 Distributing Institutional 22 Jan 2020 0.40% 0.51% (29 Feb 2024) 0.51% (29 Feb 2024)
AQN GBP LU2081486057 Distributing Retail 29 Nov 2021 0.40% 0.55% (29 Feb 2024) 0.55% (29 Feb 2024)
AQNG GBP LU2081485679 Distributing Retail 22 Jan 2020 0.25% 0.40% (29 Feb 2024) 0.40% (29 Feb 2024)
G GBP LU2081485240 Accumulating Institutional 22 Jan 2020 0.25% 0.36% (29 Feb 2024) 0.36% (29 Feb 2024)
HI (hedged) EUR LU2081486560 Accumulating Institutional 22 Jan 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
HI (hedged) CHF LU2210409962 Accumulating Institutional 27 Aug 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
HI (hedged) USD LU2081487709 Accumulating Institutional 27 Aug 2020 0.40% 0.57% (29 Feb 2024) 0.54% (7 Oct 2024)
HNG (hedged) EUR LU2081486214 Accumulating Retail 4 Oct 2021 0.25% 0.46% (29 Feb 2024) 0.43% (7 Oct 2024)
HNG (hedged) USD LU2386631993 Accumulating Retail 4 Oct 2021 0.25% 0.46% (29 Feb 2024) 0.43% (7 Oct 2024)
N GBP LU2081485836 Accumulating Retail 29 Nov 2021 0.40% 0.55% (29 Feb 2024) 0.55% (29 Feb 2024)
NG GBP LU2081485323 Accumulating Retail 22 Jan 2020 0.25% 0.40% (29 Feb 2024) 0.40% (29 Feb 2024)

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 Oct 2024 unless otherwise indicated.

Rating Structure

Regional Exposure

Major Sectors

Maturity Structure

Maturity Weighting
0 - 1 yr 30.3%
1 yr - 3 yr 35.7%
3 yr - 5 yr 34.3%
Cash & Equiv -0.3%

View all documents View latest documents

Document Date EN
Factsheets & Commentaries
Factsheet Oct 2024
Monthly Commentary Oct 2024
UCITS KIIDs
Key Investor Information Document (KIID) Oct 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 2024
Notification to Investors Oct 2024
Notification to Investors Sep 2024
Notification to Investors Jun 2024
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 Oct 2024
View more Legal Documents View less Legal Documents
Sustainability Related Disclosures
Periodic Disclosure Aug 2023
Pre-contractual Disclosure Jul 2024
Statement on principal adverse impacts of investment decisions on sustainability factors Jun 2024
Sustainability Related Disclosures Jan 2024
Financial Reports
Annual Distribution Nov 2024
Annual Report Aug 2023
Distribution Dates Jan 2024
Quarterly Distribution Sep 2024
Quarterly Distribution Jun 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
View more Financial Reports View less Financial Reports
Dealing Information
Holiday Calendar 2024 Jan 2024
Holiday Calendar 2025 Nov 2024
Order Subscription Form Oct 2024
Policies
Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022

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

  • Investment universe may involve investments in countries where the local capital markets may not yet qualify as recognised capital market

  • Investments in foreign currencies are subject to currency fluctuations

  • Money market investments are associated with risks of a money market, such as interest rate fluctuations, inflation risk and economic instability

  • Information on how environmental and social objectives are achieved and how sustainability risks are managed in this Fund may be obtained from here.

  • The Sub-Fund’s investments may be subject to sustainability risks. The sustainability risks that the Sub-Fund may be subject to are likely to have an immaterial impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Fund’s ESG approach.
  • The Sub-Funds' performance may be positively or negatively affected by its sustainability strategy.
  • The ability to meet social or environmental objectives might be affected by incomplete or inaccurate data from third-party providers.

Morningstar rating: © 2024 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.