This actively managed sub-fund seeks to achieve an attractive level of income along with the opportunity of capital growth. The Sub-Fund invests at least 15% of its net assets in sustainable investments by investing in securities of issuers that contribute to either an environmental (climate change mitigation, climate change adaptation) or a social (empowerment) objective based on the Investment Manager's assessment. It is categorized as Article 8 SFDR. More details can be found in the prospectus. As a fund managed independently of a benchmark, the sub-fund will generate exposure, in particular, to the fixed-income asset class on a relative value basis. It will take eligible securities from the worldwide (including emerging markets) range of fixed-interest and floating rate securities, including government, supranational, and corporate bonds as well as asset-backed securities.The sub-fund may invest in securities of any rating, including high yield. Up to 49% of the sub-fund may be invested in contingent convertible bonds (CoCos) and up to 20% in asset-backed securities. In adverse market conditions the sub-fund may build up exposure of up to 100% to money market instruments or cash. It may also hold up to 20% of its net assets in bank deposits at sight. The sub-fund may use derivatives to achieve the investment objective and for hedging purposes. The currency of this class is continually hedged against the Sub- Fund's main currency. This hedging does not necessarily cover all currency risks. It entails costs which in turn reduce the share class' return. The sub-fund is not managed with reference to a benchmark. The portfolio manager has full investment discretion within the predefined investment limits. Any income generated will be reinvested and included in the value of your shares. Buying and selling securities entails transaction costs payable in addition to the charges listed. Redemption of shares: daily when banks in Luxembourg and in London are open for normal business (see prospectus for details and exceptions). HNG (hedged) shares are reserved exclusively for specific investors and for investors who invest at least 50 million GBP. They do not grant any rebate or retrocessions. See prospectus for details.
Performance
Price and Net Asset Value breakdown
Midprice
$136.75
Change on Day
$0.05
Change on Day %
0.04%
52 week high
$136.75
52 week low
$127.22
Fund currency
USD
Date updated
10 July 2025
Fund details
Fund Type
SICAV
Unit Type
Accumulation
Standard initial Charge
-
Annual Management Charge
0.45%
Dividend Frequency
-
Latest Distribution Info
-
Fund manager information
Fund Manager Company
Vontobel
Fund manager biographies
Name
Eoin Walsh
Since
30 November 2015
Bio
Eoin is on the firm’s Investment Committee, which sets the overall risk bias for the portfolios managed by the firm, and his main responsibility is managing the firm’s Multi-Sector Bond team. Eoin began his career in 1998 and has developed an expertise in fixed income markets across a variety of roles including a role at Citigroup Alternative Investments where he managed over $75 billion of fixed income assets. Eoin graduated in Accounting & Economics from the University of Limerick.
Name
Felipe Villarroel
Since
30 November 2015
Bio
Felipe joined TwentyFour in 2011 and is a Portfolio Manager in the Multi-Sector Bond team. Felipe’s main responsibility is managing Multi-Sector Bond funds. He is also a member of the Investment Committee. Prior to joining TwentyFour, Felipe worked as an Asset Allocation and Strategy Analyst at Celfin Capital in Chile, now part of the BTG Pactual group. There, Felipe took an active role in developing the team’s strategic view of the global macro economy and asset classes. He graduated from Pontificia Universidad Catolica de Chile with a Bachelor’s degree in Economics and Business Administration before obtaining a Masters in Finance from London Business School. Felipe is also a CFA Charterholder.
Name
Pierre Beniguel
Since
30 November 2015
Bio
Pierre has been a Portfolio Manager in TwentyFour’s Multi-Sector Bond team since 2014. He also manages foreign currency hedging and daily funding for a number of funds and managed accounts. He has over seven years of experience, prior to TwentyFour, in fixed income and previously worked in WestLB’s credit trading and special situations divisions. Pierre graduated in Mathematics & Economics from University College London.
Name
David Norris
Since
18 September 2018
Bio
David joined TwentyFour in September 2018. Based in the New York office, he serves as the Head of US Credit as well as one of the portfolio managers of the Multi-Sector Bond team. He is a credit specialist with 30 years’ experience in fixed income markets gained across a variety of senior roles in asset management and investment banking in London, Frankfurt and New York.
He has held leadership positions in high yield, credit derivatives, structured products and global credit trading at Credit Agricole, BNP Paribas, Greenwich Capital and UBS. Once a member of the infamous New York Cosmos soccer team, David went on to earn degrees in business at the University of British Columbia, Vancouver and law from the University of Reading in the UK.
Name
Charlene Malik
Since
03 September 2018
Bio
Charlene joined TwentyFour in September 2018 after spending 6 years on the sell-side at Citigroup and RBS after graduating from King’s College London with a BSc in Computer Science. She is working in the Multi Sector Bond team in the portfolio optimisation role.
Name
George Curtis
Since
30 November 2015
Bio
George joined the Multi-Sector Bond team at TwentyFour in early 2015 and works within the Portfolio Optimisation team. His primary responsibilities involve assisting in the management and day-to-day activities of the team. Prior to joining TwentyFour, George worked as a Proprietary Futures Trader at Marex Spectron for 3 years. He predominantly focused on generating ideas in rate markets and the management of trades. George graduated from the University of East Anglia with a degree in Economics.
Name
Dillon Lancaster
Since
05 March 2018
Bio
Dillon joined TwentyFour in early 2018 as an analyst in the Multi-Sector Bond team. His primary responsibilities involve assisting in the management and day-to-day activities of the team. Dillon graduated from Oxford University in 2017 with a BA (Hons) in Politics, Philosophy and Economics. Prior to joining TwentyFour, Dillon completed internships at NS Partners and Baylor Klein.