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Danske Invest SICAV

Danish Mortgage Bond Class I

Morningstar Rating™ : - ISIN: LU0249648097
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

127.02

NAV as of 19.12.2017

+0.05%

Return 1 day

+0.64%

Return 1 month

+3.83%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to generate a return at least equal to the return on long-term Danish bonds. The fund is accumulating.

Investment policy

The fund invests mainly in bonds listed on an official stock exchange. The bonds are mainly issued by Danish mortgage credit institutions and denominated in Danish kroner.

The fund is actively managed and the modified duration must be in the range of 3-9 years.

The modified duration indicates a.o. the price risk on the bonds the fund invests in. The lower the duration, the more price stable the bonds if interest rates change. The fund may use financial derivative instruments.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.

Return

Danish Mortgage Bond Class I
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Historical return is no reliable indicator of future return.

Risk indicator

Lower risk

Higher risk

Typically lower return

Typically higher return

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The indicator illustrates the typical correlation between the risk and your potential return of the investment. The categorization is determined by the fluctuations in the fund's net asset value over the past five years and/or representative data.

Significant historical volatility equals high risk and low volatility equals lower risk. Please note that the fund’s categorization is not constant and the categorization may change over time. Historical performance data is not necessarily a reliable indicator of the future risk profile.

The risk indicator is purely a mathematical calculation and it does not take devaluations, political intervention and sudden fluctuations in interest rates and currencies into account. Risk class 1 is not a risk-free investment.
 

Value of
Click to change the amount
 kr

0 years
years
7 years
years

kr

of which n/a kr in dividends.
Total charges during the period: n/a kr.

Historical return is no reliable indicator of future return.
Show table

Value of DKK 100

PeriodeVærdi
1 year runningDKK 104.10
3 years runningDKK 108.35
5 years runningDKK 115.91
7 years runningDKK 128.62
Historical return is no reliable indicator of future return.
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Manager

Ulrik Carstens

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 17

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part of Danske Bank Wealth Management – a division of the Danske Bank Group.

Danske Bank Asset Management is Danske Invest’s main investment manager. Danske Bank Asset Management focuses its resources on selected core investment areas. These areas are Nordic equities, European equities, Eastern European equities, global equities, Nordic fixed income, European corporate bonds, global inflation-linked bonds, emerging markets debt as well as index based investments. Danske Bank Asset Management also manages hedge fund strategies within both equities and fixed income.

Asset allocation as of 31.10.2017


Please note that all holdings are delayed with 1 month.
Danish Mortgage Bond Class I

Holdings as of 31.10.2017

Name of investment/security Weight Type Currency Country ISIN code
0,10 DANSK STATSLÅN 2023I 000000000000006.976.97% Bonds DKK Denmark DK0009922916
2.00% 2,0NDASDRO50 50 000000000000006.916.91% Bonds DKK Denmark DK0002038744
1,50 BRFKREDIT 111.E 2047 000000000000004.874.87% Bonds DKK Denmark DK0009388159
2,00 NYKREDIT 01E DA 2047 000000000000004.834.83% Bonds DKK Denmark DK0009504755
2,50 NORDEA ANNUITETSLÅN 2047 000000000000004.734.73% Bonds DKK Denmark DK0002030683
2,00 REALKREDIT DANMARK 27S.S. 2047 000000000000004.254.25% Bonds DKK Denmark DK0009297350
2,50 NORDEA ANNUITETSLÅN 2034 000000000000003.613.61% Bonds DKK Denmark DK0002029081
1,50 NYKREDIT 01E A 2047 000000000000003.573.57% Bonds DKK Denmark DK0009506024
2,00 Realkredit Danmark 23S SA 2050 000000000000003.463.46% Bonds DKK Denmark DK0004606134
2.00% 111.E.50 50 000000000000003.463.46% Bonds DKK Denmark DK0009392425
View entire list
Please note that all holdings are delayed with 1 month.

Charges

The charges you pay are used to cover the costs of running the fund, including marketing costs and distribution. These charges reduce the potential growth of your investment. The ongoing charges are based on the previous year’s expenses. The figure may vary from year to year.

Charges taken from the fund over a year

  • Ongoing charge0.33%
  • Performance fee0%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%
Danish Mortgage Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0249648097
    Sustainability profile Basic (actively managed)
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management Company (Société Anonyme)
    Man. company domicile Luxembourg
    Depositary RBC Investor Services Bank S.A
    Minimum initial investment DKK 5,000,000
    Currency DKK
    Price method Single Price
    Legal type UCITS
    Launch date 30.09.2010
    Bloomberg ticker FNDANMI LX
    Wertpapierkennnummer WKN A1C6KW
    Marketing permission in Denmark, Sweden, Norway, Finland, Luxembourg, Germany, Austria, United Kingdom, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Denmark
    Benchmark The fund has no benchmark.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. DKK as of 19.12.2017 2,888.15
    Net asset value (NAV) DKK as of 19.12.2017 127.02
    Duration as of 30.11.2017 5.13
    Yield to maturity as of 30.11.2017 1.08
  • Risk key figures as of 30.11.2017

    Risk key figures as of 30.11.2017

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 4.10 2.71 3.00 3.66
    Sharpe Ratio 2.30 1.31 1.43 1.50
    Volatility 1.95 2.39 2.26 2.36
    Calculation is based on end-of-month data.
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