Flexible Bonds

Vontobel Fund - TwentyFour Sustainable Strategic Income Fund

ISIN
LU2549760242
Valor
122677863
Sedol
BPJJYD3

Investment objective

This bond fund aims to achieve an attractive level of income and capital growth over a full economic cycle, while applying both positive and negative ESG screening.


Key features

The fund invests worldwide in a variety of government bonds, supranational bonds, investment grade and high yield corporate bonds, emerging market bonds, contingent convertible bonds, and asset-backed securities, denominated in various currencies. At the point of purchase, exchange rate risks against the fund currency are fully hedged. The fund can use derivative financial instruments for hedging purposes. The fund applies both positive and negative ESG screening to the investment universe, a system designed to reward companies for sound ESG practices.


Approach

The experienced investment team takes a high conviction approach to finding the best relative value opportunities available in global fixed income, combining top-down macroeconomic analysis with detailed bottom-up credit work. The team flexibly allocates interest rate and credit risks in line with their continuous assessment of market conditions and future developments, seeking to generate income and the potential for capital gain throughout the cycle. The managers have the ability to use interest rate and credit derivatives to either optimize or reduce exposures, though these are typically used sparingly.

98.47
NAV
-
Performance YTD
As at 7 Jun 2023

An actively managed, long-only, sustainable bond fund with a global opportunity set, targeting attractive returns throughout the economic cycle with a strong focus on ESG considerations.

Based on TwentyFour’s flagship ‘go anywhere’ bond fund, Vontobel Fund – TwentyFour Strategic Income Fund (SIF), SSIF applies both positive and negative ESG screening to its investment universe, a system designed to reward companies for sound ESG practices.

Like SIF, SSIF is an unconstrained fund that seeks value from across the global bond markets. It is designed as a core fixed income allocation to be held throughout the economic cycle. The managers’ approach is dynamic and high conviction, with the portfolio able to adjust quickly to target new opportunities and mitigate risks as market conditions evolve.

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
  • An unconstrained, global and flexible fund not tied to any benchmark
  • An investment universe spanning government bonds, investment grade, high yield and emerging markets, as well as more specialist sectors such as subordinated financials and asset-backed securities
  • High conviction approach seeks relative value by geography, sector, bond issuer and type of bond, looking to capture alpha from the bottom-up as well as top-down
  • Long-only and unlevered, but with a hedging toolkit available for managing currency, interest rate and credit risk

Investment team

Insights

According to the EU’s Markets in Financial Instruments Directive (MiFID) and its implementation in national law, performance information may only be shown to clients if it covers a period of at least 12 months.

All data is as at 7 Jun 2023 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Luxembourg
Fund Currency GBP
Share Class Currency GBP
Year End 31 August
Share Class Launch date 26 Jan 2023
Distribution Type Dist
SFDR Classification Article 8
Fund Registrations AT, CH, DE, FR, GB, LU
Share Class Registrations GB, LU
Nav Information
Highest since launch 101.08
Lowest since launch 94.96
Fund size in mln. GBP 19.84
Share class size in mln. GBP 0.01
Fees And Expenses
Management fee 0.60%
TER* 0.78% (28 Feb 2023)
Identifiers
ISIN LU2549760242
Valor 122677863
Bloomberg VNTWAQN LX
SEDOL BPJJYD3
WKN A3D4YU
Parties
Depository RBC 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
AQG GBP LU2549760085 Dist Institutional 26 Jan 2023 0.45% 0.59% 28 Feb 2023
AQHG (hedged) USD LU2549759400 Dist Institutional 26 Jan 2023 0.45% 0.65% 28 Feb 2023
AQHG (hedged) EUR LU2549760838 Dist Institutional 26 Jan 2023 0.45% 0.65% 28 Feb 2023
AQHNG (hedged) EUR LU2549761489 Dist Retail 26 Jan 2023 0.45% 0.69% 28 Feb 2023
AQHNG (hedged) USD LU2549759582 Dist Retail 26 Jan 2023 0.45% 0.69% 28 Feb 2023
AQI GBP LU2549759665 Dist Institutional 26 Jan 2023 0.60% 0.74% 28 Feb 2023
AQN GBP LU2549760242 Dist Retail 26 Jan 2023 0.60% 0.78% 28 Feb 2023
AQNG GBP LU2549759749 Dist Retail 26 Jan 2023 0.45% 0.63% 28 Feb 2023
G GBP LU2549760168 Accum Institutional 26 Jan 2023 0.45% 0.59% 28 Feb 2023
HG (hedged) USD LU2549759152 Accum Institutional 26 Jan 2023 0.45% 0.65% 28 Feb 2023
HG (hedged) EUR LU2549761059 Accum Institutional 26 Jan 2023 0.45% 0.65% 28 Feb 2023
HNG (hedged) USD LU2549759236 Accum Retail 26 Jan 2023 0.45% 0.69% 28 Feb 2023
HNG (hedged) EUR LU2549758345 Accum Retail 26 Jan 2023 0.45% 0.69% 28 Feb 2023
I GBP LU2549760598 Accum Institutional 26 Jan 2023 0.60% 0.74% 28 Feb 2023
N GBP LU2549760325 Accum Retail 26 Jan 2023 0.60% 0.78% 28 Feb 2023
NG GBP LU2549761562 Accum Retail 26 Jan 2023 0.45% 0.63% 28 Feb 2023
R GBP LU2549761646 Accum Retail 26 Jan 2023 0.25% 0.43% 28 Feb 2023

* TER includes performance fee where applicable

All data is as at 28 Apr 2023 unless otherwise indicated.

Rating Structure

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Document Date EN
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 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 Jan 2023
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
Policies
Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022