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.
All data is as at 18 Apr 2024 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 |
Last distribution | 1.16 (21 Mar 2024) |
Swing pricing | Yes |
Minimum investment | 50,000,000.00 |
SFDR Classification | Article 8 |
Fund Registrations | AT, CH, DE, ES, FI, FR, GB, IT, LI, LU, NL, NO, SE, SG |
Share Class Registrations | GB, LU, SG |
Highest since launch | 104.46 |
---|---|
Lowest since launch | 94.84 |
Fund size in mln. | EUR 138.40 |
Share class size in mln. | GBP 4.63 |
Management fee | 0.35% |
---|---|
TER* | 0.55% (31 Aug 2023) |
OCF | 0.55% (31 Aug 2023) |
ISIN | LU2388185089 |
---|---|
Valor | 113724408 |
Bloomberg | VOABSAQ LX |
SEDOL | BKP54Y1 |
WKN | A3C397 |
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 |
---|---|---|---|---|---|---|---|---|---|---|
A | EUR | LU1882612564 | Dist | Retail | 5 Nov 2018 | 1.00% | 1.18% | 31 Aug 2023 | 1.18% | 31 Aug 2023 |
AHI (hedged) | GBP | LU2388185246 | Dist | Institutional | 6 Oct 2021 | 0.50% | 0.70% | 31 Aug 2023 | 0.70% | 31 Aug 2023 |
AQHG (hedged) | GBP | LU2388185089 | Dist | Institutional | 6 Oct 2021 | 0.35% | 0.55% | 31 Aug 2023 | 0.55% | 31 Aug 2023 |
AQHNG (hedged) | GBP | LU2388184868 | Dist | Retail | 6 Oct 2021 | 0.35% | 0.59% | 31 Aug 2023 | 0.59% | 31 Aug 2023 |
HG (hedged) | GBP | LU2388185162 | Accum | Institutional | 6 Oct 2021 | 0.35% | 0.55% | 31 Aug 2023 | 0.55% | 31 Aug 2023 |
HI (hedged) | USD | LU1602256700 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.70% | 31 Aug 2023 | 0.70% | 31 Aug 2023 |
HI (hedged) | GBP | LU2388185329 | Accum | Institutional | 6 Oct 2021 | 0.50% | 0.70% | 31 Aug 2023 | 0.70% | 31 Aug 2023 |
HI (hedged) | CHF | LU1602256296 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.70% | 31 Aug 2023 | 0.70% | 31 Aug 2023 |
HN (hedged) | GBP | LU1882613372 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.74% | 31 Aug 2023 | 0.74% | 31 Aug 2023 |
HN (hedged) | CHF | LU1882613299 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.74% | 31 Aug 2023 | 0.74% | 31 Aug 2023 |
HNG (hedged) | GBP | LU2388184942 | Accum | Retail | 6 Oct 2021 | 0.35% | 0.59% | 31 Aug 2023 | 0.59% | 31 Aug 2023 |
I | EUR | LU1602255561 | Accum | Institutional | 27 Jun 2017 | 0.50% | 0.64% | 31 Aug 2023 | 0.64% | 31 Aug 2023 |
N | EUR | LU1882613026 | Accum | Retail | 5 Nov 2018 | 0.50% | 0.68% | 31 Aug 2023 | 0.68% | 31 Aug 2023 |
* TER includes performance fee where applicable
View all documents View latest documents
Document | Date | EN |
---|---|---|
Factsheets & Commentaries | ||
Exposure to Middle East | Apr 2024 | |
Factsheet | Mar 2024 | |
Monthly Commentary | Mar 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 | 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 2024 | |
View more Legal Documents View less Legal Documents | ||
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 2023 | |
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 | |
Order Subscription Form | Jan 2020 | |
Insights | ||
Solvency II and Asset Backed Securities | Nov 2017 | |
Policies | ||
Sanctioned Countries | Oct 2022 | |
Shareclass Naming Convention | Jan 2022 |