Tareno Fixed Income Fund

The Tareno Fixed Income Fund reflects the allocation of a pure fixed income mandate in Portfolio Management. This enables you as an investor to achieve cost-effective duplication of the strategic and tactical focus of our “Income” strategy. The relatively large selection of investable bonds increases the potential for returns while at the same time reducing risk through diversification.

The core of our investment philosophy lies in the selection of high-quality issuers, mainly in the euro area, given that capital preservation is our central objective. The weighted average rating is in the high investment grade range.





Annual Report

Basic details

Fund Manager Tareno AG
Umbrella SICAV Variopartner
Legal form Luxembourg SICAV, UCITS IV
Asset class Bonds
Fund currency Euro
End of financial year 30 June
Dividend type Distributing (annually)
Inception date 6 November 2015
Management company Vontobel Management
Auditor Ernst & Young S.A.
Custodian RBC Investor Services Bank S.A.
Administrator RBC Investor Services Bank S.A.
Trading frequency Daily at NAV
Cut-off 3.45 p.m
Value date T + 3
Publication of NAV www.swissfunddata.ch
Licensed for distribution Switzerland, Germany, Luxembourg

Legal notice

Please read the following, important Legal Notice and the Privacy Policy carefully. By accessing the websites of TARENO Ltd, International Asset Managers, (hereinafter referred to as TARENO) at www.tareno.ch and www.tareno-golbalwatersoultionsfund.ch (hereinafter referred to as Websites), you declare that you have understood and agree to this Legal Notice and the Privacy Policy.

Access restrictions/target audience

The TARENO Websites are intended in general for natural and legal persons as well as partnerships and corporate bodies domiciled in Switzerland. Foreign legal regimes may prohibit publication on or access to the TARENO Websites. Therefore, persons subject to such restrictions must not access the TARENO Websites. Such restrictions apply in particular to citizens of the United States of America, the United Kingdom and Japan, and to persons resident in these countries. We would also like to point out that these persons are not protected by local laws and other decrees applicable to them. It is a matter for each individual to obtain information from the relevant agencies or a qualified advisor about the restrictions that apply to them.

Qualified investors

Qualified investors pursuant to Article 10 (3) and (3) bis CISA in conjunction with Article 6 CISO shall mean the following investors:

  • Regulated financial intermediaries such as banks, securities traders, fund management companies and asset managers of collective investment schemes, as well as central banks, regulated insurance institutions, public entities and retirement benefits institutions with professional treasury operations, companies with professional treasury operations
  • Individuals who
    • are able to prove that (1) due to their professional experience or comparable experience of the financial sector, they have the knowledge required to understand the risks inherent in the investments and that (2) they dispose of at least CHF 500,000 in assets, or
    • declare in writing that they dispose of at least CHF 5 million in assets.


The information on the TARENO Websites is offered “as seen” and “as available”. TARENO excludes all warranties guaranteeing that access to the Websites will be uninterrupted and error-free, that defects will be corrected and that no viruses or other harmful components will be transmitted in connection with the use of the Websites.

TARENO excludes, as far as legally permissible, any liability for damages or consequential damages resulting from the use of or access to the information on the Websites or links to third-party websites (or from the impossibility of use/access). In addition, no assurance or warranty, either explicit or implied, is provided for the accuracy, reliability, completeness or correctness of the information presented or functions offered. This disclaimer also applies to damages or consequential damages caused by third parties manipulating the Websites.

Risk disclosure

Users of these Websites are requested to consult the “Special Risks in Securities Trading” brochure (PDF) to obtain information on the risks inherent in securities trading. In addition, they are asked to refer to any prospectuses for a detailed description of risks. We draw investors’ attention to the fact that past performance is no guarantee of success in the future. Because of possible fluctuations in value to which the invested capital may be subject, it is possible that the investor will not get back the capital they originally invested. If investments are effected in foreign currencies, these are also subject to exchange rate fluctuations.

In no event should you effect securities transactions without being precisely aware of the associated risks and having formed a picture of the extent to which the substantial risk of loss is financially bearable. In particular, we recommend that you do not effect any investments without professional advice.

Neither invitation nor offer

The information and opinions published on the TARENO Websites do not constitute an invitation to make an offer or a solicitation or an offer to buy or sell securities or other investment or financial products and should not be construed as an invitation or offer to engage in any other transactions. They are for information purposes only. The information and opinions made available on the TARENO Websites are not to be understood as recommendations or aids to decision-making for the investor’s investment decisions and other decisions and are in no way advisory in nature.
The investor is called upon to seek advice from their client advisor, undertake their own clarifications and obtain further information before making their investment decision.

No orders

TARENO expressly states that it is not obliged to take on, execute or accept any orders, revocations of orders, authorisations for business transactions or other legal declarations that may be transmitted via the Websites.

External links

The Websites may include links to other websites outside the scope of influence of TARENO. TARENO accepts no responsibility for their content and for the protection of your privacy in connection with the use of these Websites. Users create links to these pages or other websites at their own risk.

Intellectual property rights

All copyright and other rights to all the content of the TARENO Websites remain with TARENO. The printing or downloading of pages is permitted, subject to the provisions of the next section concerning “Morningstar”, and provided that the source is fully acknowledged.

All the information published by Morningstar Schweiz GmbH (overall rating): (1) is copyrighted for Morningstar and/or its content providers (2) may not be reproduced or distributed and (3) its accuracy, completeness or timeliness is not guaranteed. Neither Morningstar nor its content providers are responsible for any damage or loss arising from the use of this information. Past performance is no guarantee of future results. Sustainability rating as at [30 June 2016]. Sustainalytics provides the analyses at company level that are included in the calculation of the Morningstar Sustainability Score.


In respect of legal tax provisions in the investor’s tax domicile concerning the holding, buying or selling of securities and other investment products and the associated implications for taxation, investors are requested to contact their tax advisor.

Subject to change

All contents of the Websites are subject to change at any time without notice.

Applicable law and place of jurisdiction

Access to and use of the Websites and this Legal Notice are subject exclusively to Swiss substantive law. The exclusive place of jurisdiction is Zurich, Switzerland.

Security and privacy protection

For the security and protection of your privacy on our Websites, we summarise in the following the handling of the user data of the visitors to our web pages. Please note the Privacy Policy applicable in this context.

Personal details

It is not necessary to provide personal details to access the Websites of TARENO LTD International Asset Managers (hereinafter referred to as TARENO). An exception to this is when TARENO is contacted using the electronic contact form.

Contact via the Internet and e-mail

Tareno draws the attention of users of its Websites to the fact that the use of e-mails and electronic forms entails certain risks. E-mails are sent to TARENO without encryption, the same applies to data sent via contact forms. It is possible that electronically transmitted data may be read and altered by third parties and that TARENO may be identified as the recipient. As a result, inferences may be made with respect to the user’s relationship with TARENO. We urgently recommend that you do not send confidential information such as client details or orders using these media.

Use of personal details

We use your personal details solely for the purpose of providing you with information that you have requested and that may be of interest to you. No personal details are passed onto organisations outside TARENO.

European SRI Transparency Code for sustainability funds

The logo specific to the European SRI Transparency Code signifies that Tareno Ltd is committed to disclosing accurate, adequate and timely information to enable stakeholders, in particular retail investors, to understand the policies and practices of sustainable investment of a given fund. For more detailed information on the European Transparency Code please visit www.eurosif.org. Information on sustainable investment policy and its implementation by the Tareno Global Water Solutions Fund is available at www.tareno-globalwatersolutionsfund.ch. The Transparency Code is managed by Eurosif, an independent organisation. The European SRI Transparency logo stands for the above-mentioned commitment by the fund manager. It should not be construed as favouring any specific company, organisation or individual.



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