Vontobel TwentyFour ABS AQHG H GBP 

The Sub-Fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation. While respecting the principle of risk diversification, the Sub-Fund will invest at least 70% of its net assets in asset backed securities (ABS) which includes mortgage backed securities (MBS) and collateralised loan obligations (CLOs) issued by entities domiciled in Europe (including the United Kingdom) and Australia subject to a maximum upper allocation of 20% to Australia domiciled issuers. The ABS securities will be rated at least BBB- (or equivalent) at the time of investment by one or more of S&P, Moody’s and Fitch. The securities will be backed by the assets of institutions and issuers such as, but not limited to, residential mortgages, commercial mortgages, automobile leases and loans, small and medium enterprises (SME) loans and other secured bonds.