Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

Investment Grade
ISIN
LU2403268092
Valor
114481675
Sedol
BP4DDQ6
96.22
NAV
As at 21 Feb 2024
0.52%

Investment objective

This bond fund aims to achieve a positive return over three years (volatility target: maximum 3% per annum) and seeks to promote environmental or social practices, while respecting risk diversification.


Key features

The fund invests worldwide mainly in shorter-term bonds in different currencies of various issuers of investment grade quality that seek to promote environmental or social practices. The average maturity of the portfolio is 3.5 years. The fund can use derivative financial instruments for hedging purposes.


Approach

The experienced and diverse investment team takes high-conviction decisions based on rigorous macro-economic, technical and issuer analyses. To define the investment universe, the team applies a two-step sustainability screening based on a proprietary scoring model: 1) to exclude issuers active in controversial businesses or intensively using fossil resources, 2) to include only those issuers whose sustainability scores exceed the defined minimum. In line with their continuous assessment of market developments, the team flexibly allocates interest-rate and credit risks in the portfolio, striving to benefit throughout the economic cycle.

A short term bond fund that aims to provide investors with a sustainable fixed income solution without compromising overall returns.

Based on TwentyFour’s well-known Vontobel Fund – TwentyFour Absolute Return Credit Fund (ARC), SSTBI applies both positive and negative ESG screening to the investment universe, a system designed to reward companies for sound ESG practices. Like ARC, 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. With strict risk parameters and a focus on short dated investment grade bonds, the managers aim to sustainably capture nearly all the returns of higher risk strategies but with a fraction of the drawdowns expected in tougher market conditions.

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
  • A negative screen rules out familiar ‘sin’ sectors, but then importantly a positive screen excludes any bond issuers we score lower than 34 out of 100
  • Our research has shown that this threshold of 34 would have given the best possible risk-adjusted returns for a given low level of volatility and appropriate diversification
  • A minimum of two-thirds of the fund is invested in 0-5yr investment grade bonds, which we consider the best source of risk-adjusted returns within fixed income
  • The portfolio has a limit of around 100 positions to allow for stock selection alpha, and a strong bias towards BBB rated corporate bonds in order to target better yields

Investment team

Insights

All data is as at 21 Feb 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency USD
Year End 31 August
Share Class Launch date 5 Nov 2021
Distribution Type Dist
Last distribution 1.21 (21 Dec 2023)
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 GB, LU, SG
Nav Information
Highest since launch 100.01
Lowest since launch 91.32
Fund size in mln. GBP 1,185.94
Share class size in mln. USD 1.87
Fees And Expenses
Management fee 0.25%
Performance fee 0.00%
TER* 0.46% (31 Aug 2023)
OCF 0.46% (31 Aug 2023)
Identifiers
ISIN LU2403268092
Valor 114481675
Bloomberg VOTBIAQ LX
SEDOL BP4DDQ6
WKN A3C6TF
Parties
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

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee TER* TER Date OCF OCF Date
AHI (hedged) EUR LU2081486727 Dist Institutional 22 Jan 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
AHI (hedged) USD LU2210409616 Dist Institutional 27 Aug 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
AHI (hedged) CHF LU2210410036 Dist Institutional 27 Aug 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
AN GBP LU2386632371 Dist Retail 4 Oct 2021 0.40% 0.55% 31 Aug 2023 0.55% 31 Aug 2023
AQG GBP LU2081485596 Dist Institutional 22 Jan 2020 0.25% 0.36% 31 Aug 2023 0.36% 31 Aug 2023
AQHNG (hedged) EUR LU2081486487 Dist Retail 5 Nov 2021 0.25% 0.46% 31 Aug 2023 0.46% 31 Aug 2023
AQHNG (hedged) USD LU2403268092 Dist Retail 5 Nov 2021 0.25% 0.46% 31 Aug 2023 0.46% 31 Aug 2023
AQI GBP LU2081485919 Dist Institutional 22 Jan 2020 0.40% 0.51% 31 Aug 2023 0.51% 31 Aug 2023
AQN GBP LU2081486057 Dist Retail 29 Nov 2021 0.40% 0.55% 31 Aug 2023 0.55% 31 Aug 2023
AQNG GBP LU2081485679 Dist Retail 22 Jan 2020 0.25% 0.40% 31 Aug 2023 0.40% 31 Aug 2023
G GBP LU2081485240 Accum Institutional 22 Jan 2020 0.25% 0.36% 31 Aug 2023 0.36% 31 Aug 2023
HI (hedged) EUR LU2081486560 Accum Institutional 22 Jan 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
HI (hedged) CHF LU2210409962 Accum Institutional 27 Aug 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
HI (hedged) USD LU2081487709 Accum Institutional 27 Aug 2020 0.40% 0.57% 31 Aug 2023 0.57% 31 Aug 2023
HNG (hedged) EUR LU2081486214 Accum Retail 4 Oct 2021 0.25% 0.46% 31 Aug 2023 0.46% 31 Aug 2023
HNG (hedged) USD LU2386631993 Accum Retail 4 Oct 2021 0.25% 0.46% 31 Aug 2023 0.46% 31 Aug 2023
N GBP LU2081485836 Accum Retail 29 Nov 2021 0.40% 0.55% 31 Aug 2023 0.55% 31 Aug 2023
NG GBP LU2081485323 Accum Retail 22 Jan 2020 0.25% 0.40% 31 Aug 2023 0.40% 31 Aug 2023

* TER includes performance fee where applicable

View all documents View latest documents

Document Date EN
Factsheets & Commentaries
Exposure to Israel Oct 2023
Factsheet Jan 2024
Monthly Commentary Jan 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 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 Jan 2024
Financial Reports
Annual Distribution Nov 2023
Annual Report Aug 2023
Distribution Dates Jan 2024
Quarterly Distribution Dec 2023
Semi-Annual Report Feb 2023
Semi Annual Distribution Apr 2023
UK Tax Reporting Aug 2022
Dealing Information
Holiday Calendar 2024 Jan 2024
Order Subscription Form Jan 2020
Policies
Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022