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.
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.
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.
All data is as at 30 Nov 2024 unless otherwise indicated.
| 1M | YTD | 1Y | Since Inception | |
|---|---|---|---|---|
| AQHG (hedged) USD | 1.2% | 9.2% | 13.1% | 16.5% |
| Portfolio | ||
|---|---|---|
| Volatility | 3.8% | |
| Sharpe Ratio | 1.9 | |
| Information Ratio | ||
| [1 year] | ||
All data is as at 19 Dec 2024 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Luxembourg |
| Fund Currency | GBP |
| Share Class Currency | USD |
| Risk Level | 4.00 (7 Oct 2024) |
| Year End | 31 August |
| Share Class Launch date | 26 Jan 2023 |
| Distribution Type | Distributing |
| Last distribution | 1.74 (23 Sep 2024) |
| Minimum investment | 50,000,000.00 |
| SFDR Classification | Article 8 |
| Fund Registrations | AT, CH, DE, FR, GB, LU |
| Share Class Registrations | GB, LU |
| Highest since launch | 110.15 |
|---|---|
| Lowest since launch | 95.02 |
| Fund size in mln. | GBP 36.13 |
| Share class size in mln. | USD 0.83 |
| Management fee | 0.45% |
|---|---|
| TER* | 0.65% (29 Feb 2024) |
| OCF | 0.62% (7 Oct 2024) |
| ISIN | LU2549759400 |
|---|---|
| Valor | 122678960 |
| Bloomberg | VOTWAQH LX |
| WKN | A3D4YM |
| Depository | State Street Bank International GmbH (Luxembourg Branch) |
|---|---|
| Management Company | Vontobel Asset Management SA, Luxembourg |
| Swiss Paying Agent | Bank Vontobel AG |
| Swiss Representative | Vontobel Fonds Services AG |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | TER* | OCF |
|---|---|---|---|---|---|---|---|---|
| AQG | GBP | LU2549760085 | Distributing | Institutional | 26 Jan 2023 | 0.45% | 0.59% (29 Feb 2024) | 0.59% (29 Feb 2024) |
| AQHG (hedged) | USD | LU2549759400 | Distributing | Institutional | 26 Jan 2023 | 0.45% | 0.65% (29 Feb 2024) | 0.62% (7 Oct 2024) |
| AQHG (hedged) | EUR | LU2549760838 | Distributing | Institutional | 26 Jan 2023 | 0.45% | 0.65% (29 Feb 2024) | 0.62% (7 Oct 2024) |
| AQHNG (hedged) | EUR | LU2549761489 | Distributing | Retail | 26 Jan 2023 | 0.45% | 0.69% (29 Feb 2024) | 0.66% (7 Oct 2024) |
| AQHNG (hedged) | USD | LU2549759582 | Distributing | Retail | 26 Jan 2023 | 0.45% | 0.69% (29 Feb 2024) | 0.66% (7 Oct 2024) |
| AQI | GBP | LU2549759665 | Distributing | Institutional | 26 Jan 2023 | 0.60% | 0.74% (29 Feb 2024) | 0.74% (29 Feb 2024) |
| AQN | GBP | LU2549760242 | Distributing | Retail | 26 Jan 2023 | 0.60% | 0.78% (29 Feb 2024) | 0.78% (29 Feb 2024) |
| AQNG | GBP | LU2549759749 | Distributing | Retail | 26 Jan 2023 | 0.45% | 0.63% (29 Feb 2024) | 0.63% (29 Feb 2024) |
| G | GBP | LU2549760168 | Accumulating | Institutional | 26 Jan 2023 | 0.45% | 0.59% (29 Feb 2024) | 0.59% (29 Feb 2024) |
| HG (hedged) | USD | LU2549759152 | Accumulating | Institutional | 26 Jan 2023 | 0.45% | 0.65% (29 Feb 2024) | 0.62% (7 Oct 2024) |
| HG (hedged) | EUR | LU2549761059 | Accumulating | Institutional | 26 Jan 2023 | 0.45% | 0.65% (29 Feb 2024) | 0.62% (7 Oct 2024) |
| HNG (hedged) | USD | LU2549759236 | Accumulating | Retail | 26 Jan 2023 | 0.45% | 0.69% (29 Feb 2024) | 0.66% (7 Oct 2024) |
| HNG (hedged) | EUR | LU2549758345 | Accumulating | Retail | 26 Jan 2023 | 0.45% | 0.69% (29 Feb 2024) | 0.66% (7 Oct 2024) |
| I | GBP | LU2549760598 | Accumulating | Institutional | 26 Jan 2023 | 0.60% | 0.74% (29 Feb 2024) | 0.74% (29 Feb 2024) |
| N | GBP | LU2549760325 | Accumulating | Retail | 26 Jan 2023 | 0.60% | 0.78% (29 Feb 2024) | 0.78% (29 Feb 2024) |
| NG | GBP | LU2549761562 | Accumulating | Retail | 26 Jan 2023 | 0.45% | 0.63% (29 Feb 2024) | 0.63% (29 Feb 2024) |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
* TER includes performance fee where applicable
All data is as at 30 Nov 2024 unless otherwise indicated.
| Maturity | Weighting | |
|---|---|---|
| 0 - 1 yr | 2.5% | |
| 1 yr - 3 yr | 18.0% | |
| 3 yr - 5 yr | 29.3% | |
| 5 yr - 7 yr | 14.7% | |
| 7 yr - 10 yr | 27.1% | |
| 10 yr - 15 yr | 0.4% | |
| 15 yr+ | 6.6% | |
| Cash & Equiv | 1.4% |
View all documents View latest documents
| Document | Date | EN |
|---|---|---|
| Factsheets & Commentaries | ||
| Factsheet | Nov 2024 | |
| Monthly Commentary | Nov 2024 | |
| UCITS KIIDs | ||
| Key Investor Information Document (KIID) | Oct 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 2024 | |
| Notification to Investors | Oct 2024 | |
| Notification to Investors | Sep 2024 | |
| Notification to Investors | Jun 2024 | |
| 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 | Oct 2024 | |
| View more Legal Documents View less Legal Documents | ||
| Sustainability Related Disclosures | ||
| Periodic Disclosure | Aug 2023 | |
| Pre-contractual Disclosure | Jul 2024 | |
| Statement on principal adverse impacts of investment decisions on sustainability factors | Jun 2024 | |
| Sustainability Related Disclosures | Mar 2024 | |
| Financial Reports | ||
| Annual Distribution | Nov 2024 | |
| Annual Report | Aug 2024 | |
| Distribution Dates | Jan 2024 | |
| Quarterly Distribution | Sep 2024 | |
| Quarterly Distribution | Jun 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 | |
| Holiday Calendar 2025 | Jan 2025 | |
| Order Subscription Form | Oct 2024 | |
| Policies | ||
| Sanctioned Countries | Oct 2022 | |
| Shareclass Naming Convention | Jan 2022 | |
RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Interest rates may vary, bonds suffer price declines on rising interest rates
Investment universe may involve investments in countries where the local capital markets may not yet qualify as recognised capital market
Investments in foreign currencies are subject to currency fluctuations
Money market investments are associated with risks of a money market, such as interest rate fluctuations, inflation risk and economic instability
Information on how environmental and social objectives are achieved and how sustainability risks are managed in this Fund may be obtained from here.
Morningstar rating: © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
