Vontobel Fund - TwentyFour Sustainable Strategic Income Fund

Flexible Bonds
ISIN
LU2549760242
Valor
122677863
Sedol
BPJJYD3
103.54
NAV
As at 21 May 2024
3.57%

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.

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 which rules out familiar ‘sin’ sectors in addition to a separate negative screen which excludes corporates from countries with poor ESG practices, 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

All data is as at 21 May 2024 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
Last distribution 1.71 (21 Mar 2024)
SFDR Classification Article 8
Fund Registrations AT, CH, DE, FR, GB, LU
Share Class Registrations GB, LU
Nav Information
Highest since launch 104.14
Lowest since launch 94.71
Fund size in mln. GBP 22.09
Share class size in mln. GBP 0.12
Fees And Expenses
Management fee 0.60%
TER* 0.78% (29 Feb 2024)
OCF 0.78% (31 Aug 2023)
Identifiers
ISIN LU2549760242
Valor 122677863
Bloomberg VNTWAQN LX
SEDOL BPJJYD3
WKN A3D4YU
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
AQG GBP LU2549760085 Dist Institutional 26 Jan 2023 0.45% 0.59% 29 Feb 2024 0.59% 31 Aug 2023
AQHG (hedged) USD LU2549759400 Dist Institutional 26 Jan 2023 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
AQHG (hedged) EUR LU2549760838 Dist Institutional 26 Jan 2023 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
AQHNG (hedged) EUR LU2549761489 Dist Retail 26 Jan 2023 0.45% 0.69% 29 Feb 2024 0.69% 31 Aug 2023
AQHNG (hedged) USD LU2549759582 Dist Retail 26 Jan 2023 0.45% 0.69% 29 Feb 2024 0.69% 31 Aug 2023
AQI GBP LU2549759665 Dist Institutional 26 Jan 2023 0.60% 0.74% 29 Feb 2024 0.74% 31 Aug 2023
AQN GBP LU2549760242 Dist Retail 26 Jan 2023 0.60% 0.78% 29 Feb 2024 0.78% 31 Aug 2023
AQNG GBP LU2549759749 Dist Retail 26 Jan 2023 0.45% 0.63% 29 Feb 2024 0.63% 31 Aug 2023
G GBP LU2549760168 Accum Institutional 26 Jan 2023 0.45% 0.59% 29 Feb 2024 0.59% 31 Aug 2023
HG (hedged) USD LU2549759152 Accum Institutional 26 Jan 2023 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
HG (hedged) EUR LU2549761059 Accum Institutional 26 Jan 2023 0.45% 0.65% 29 Feb 2024 0.65% 31 Aug 2023
HNG (hedged) USD LU2549759236 Accum Retail 26 Jan 2023 0.45% 0.69% 29 Feb 2024 0.69% 31 Aug 2023
HNG (hedged) EUR LU2549758345 Accum Retail 26 Jan 2023 0.45% 0.69% 29 Feb 2024 0.69% 31 Aug 2023
I GBP LU2549760598 Accum Institutional 26 Jan 2023 0.60% 0.74% 29 Feb 2024 0.74% 31 Aug 2023
N GBP LU2549760325 Accum Retail 26 Jan 2023 0.60% 0.78% 29 Feb 2024 0.78% 31 Aug 2023
NG GBP LU2549761562 Accum Retail 26 Jan 2023 0.45% 0.63% 29 Feb 2024 0.63% 31 Aug 2023
R GBP LU2549761646 Accum Retail 26 Jan 2023 0.25% 0.43% 29 Feb 2024 0.43% 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 Apr 2024
Monthly Commentary Apr 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
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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 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
Policies
Sanctioned Countries Oct 2022
Shareclass Naming Convention Jan 2022