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Asset-Backed Securities
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, using the natural advantages of the asset class and a vastly experienced team to target stable, attractive returns.
The European ABS market is split broadly into four areas, though certain sub-sets of these sectors are considered important distinct products in their own right, such as Auto ABS and Credit Card ABS.
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All data is as at 28 Apr 2023 unless otherwise indicated.
1M | YTD | Since Inception | |
---|---|---|---|
AQHNG (hedged) GBP | 1.1% | 3.9% | 1.0% |
05.12 - 04.13 | 05.13 - 04.14 | 05.14 - 04.15 | 05.15 - 04.16 | 05.16 - 04.17 | 05.17 - 04.18 | 05.18 - 04.19 | 05.19 - 04.20 | 05.20 - 04.21 | 05.21 - 04.22 | 05.22 - 04.23 | |
---|---|---|---|---|---|---|---|---|---|---|---|
AQHNG (hedged) GBP | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.3% |
Portfolio | ||||||
---|---|---|---|---|---|---|
Volatility | 4.3% | |||||
Sharpe Ratio | negative | |||||
Interest rate duration | 0.1 | |||||
Credit duration | 2.3 | |||||
Expected annual yield | 6.8% | |||||
Average Rating | AA- | |||||
Number of positions | 65.0 | |||||
[1 year] |
All data is as at 7 Jun 2023 unless otherwise indicated.
Portfolio Manager | TwentyFour Asset Management LLP |
---|---|
Fund Domicile | Luxembourg |
Fund Currency | EUR |
Share Class Currency | GBP |
Year End | 31 August |
Share Class Launch date | 6 Oct 2021 |
Distribution Type | Dist |
Swing pricing | Yes |
Minimum investment | 50,000,000.00 |
SFDR Classification | Article 8 |
Fund Registrations | AT, CH, DE, ES, FI, GB, IT, LI, LU, NL, NO, SE, SG |
Share Class Registrations | GB, LU, SG |
Highest since launch | 101.68 |
---|---|
Lowest since launch | 94.78 |
Fund size in mln. | EUR 122.08 |
Share class size in mln. | GBP 0.00 |
Management fee | 0.35% |
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TER* | 0.58% (28 Feb 2023) |
ISIN | LU2388184868 |
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Valor | 113723425 |
Bloomberg | VOABSAH LX |
SEDOL | BKP54W9 |
WKN | A3C394 |
Depository | RBC Investor Services Bank S.A. |
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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 |
---|---|---|---|---|---|---|---|---|
A | EUR | LU1882612564 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.17% | 28 Feb 2023 |
AHI (hedged) | GBP | LU2388185246 | Dist | Institutional | 6 Oct 2021 | 0.50% | 0.69% | 28 Feb 2023 |
AQHG (hedged) | GBP | LU2388185089 | Dist | Institutional | 6 Oct 2021 | 0.35% | 0.54% | 28 Feb 2023 |
AQHNG (hedged) | GBP | LU2388184868 | Dist | Retail | 6 Oct 2021 | 0.35% | 0.58% | 28 Feb 2023 |
HG (hedged) | GBP | LU2388185162 | Accum | Institutional | 6 Oct 2021 | 0.35% | 0.54% | 28 Feb 2023 |
HI (hedged) | USD | LU1602256700 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.69% | 28 Feb 2023 |
HI (hedged) | GBP | LU2388185329 | Accum | Institutional | 6 Oct 2021 | 0.50% | 0.69% | 28 Feb 2023 |
HI (hedged) | CHF | LU1602256296 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.69% | 28 Feb 2023 |
HN (hedged) | GBP | LU1882613372 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.73% | 28 Feb 2023 |
HN (hedged) | CHF | LU1882613299 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.73% | 28 Feb 2023 |
HNG (hedged) | GBP | LU2388184942 | Accum | Retail | 6 Oct 2021 | 0.35% | 0.58% | 28 Feb 2023 |
I | EUR | LU1602255561 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.63% | 28 Feb 2023 |
N | EUR | LU1882613026 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.67% | 28 Feb 2023 |
* TER includes performance fee where applicable
All data is as at 28 Apr 2023 unless otherwise indicated.
View all documents View latest documents
Document | Date | EN |
---|---|---|
Factsheets & Commentaries | ||
Factsheet | Apr 2023 | |
Monthly Commentary | Apr 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 | 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 | Mar 2023 | |
View more Legal Documents View less Legal Documents | ||
Sustainability Related Disclosures | ||
Sustainability Related Disclosures | Dec 2022 | |
Financial Reports | ||
Annual Distribution | Nov 2022 | |
Annual Report | Aug 2022 | |
Distribution Dates | Jan 2023 | |
Quarterly Distribution | Mar 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 | |
Insights | ||
Solvency II and Asset Backed Securities | Nov 2017 | |
Policies | ||
Sanctioned Countries | Oct 2022 | |
Shareclass Naming Convention | Jan 2022 |