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Danske Invest SICAV

Euro High Yield Bond Class I

Sustainability: : - ISIN: LU0923470016
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

11.647

NAV as of 19.12.2017

+0.07%

Return 1 day

+0.15%

Return 1 month

+9.62%

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 of European High Yield Bonds. The fund is accumulating.

Investment policy

The fund invests mainly in high-yield bonds, contingency and convertible bonds primarily issued by companies of the EU, OECD-countries or any other of Western or Eastern Europe, Asia, Oceania, the American countries or Africa, and denominated in Euro.

The investment strategy is active. The currency risk is limited since the fund aims to hedge currency risks of non-euro denominated investments. The total duration of the fund, incl. cash holdings, will be the benchmark plus/minus 2 years. The fund may use financial derivative investments (such as FX forward contracts, interest rate futures contracts and Credit Default Swaps).

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

Return

Euro High Yield 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
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 €

0 years
years
1 years
years

€

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

Historical return is no reliable indicator of future return.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 111.90
Historical return is no reliable indicator of future return.
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Manager

Tom Lundsten

Title: Senior Portfolio Manager
Background: M.Sc.
Years of experience: 33

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

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Euro High Yield Bond Class I

Holdings as of 31.10.2017

Name of investment/security Weight Type Currency Country ISIN code
3,25 TELECOM ITALIA EMTN 16/1-2015/2023 000000000000001.741.74% Bonds EUR Italy XS1169832810
DEXIA CREDIT LOCAL FRN 12/2-2007/2019 000000000000001.691.69% Bonds EUR France XS0284386306
7,25 ALTICE SA 15/5-2014/2022 000000000000001.611.61% Bonds EUR Luxembourg XS1061642317
4,375 DELTA LLOYD EMTN VRN 13/6 PERPETUAL 000000000000001.531.53% Bonds EUR Netherlands XS1076781589
4,596 GENERALI FINANCE FRN PERP/CALL 000000000000001.271.27% Bonds EUR Netherlands XS1140860534
2,75 ARDAGH PKG FIN 15/03-2017/2024 000000000000001.271.27% Bonds EUR Ireland XS1574148877
6,5 ENEL SOCIETA PER AZIONI 20/6-2007/2074 000000000000001.261.26% Bonds EUR Italy XS0954675129
4,0 SOFTBANK GROUP 30/7-2015/2022 000000000000001.241.24% Bonds EUR Japan XS1266662763
5,375 INEOS GROUP HOLD 01/08-2016/2024 000000000000001.231.23% Bonds EUR Luxembourg XS1405769990
4,75 FIAT FINANCE & TRADE 22/3-2014/2021 000000000000001.171.17% Bonds EUR Luxembourg XS1048568452
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 charge0.58%
  • Performance fee0%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%
Euro High Yield Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0923470016
    Sustainability profile Medium (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 EUR 1,000,000
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 13.04.2016
    Marketing permission in Luxembourg, Germany, Austria, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Global
    Benchmark Bloomberg-Barclays Capital Euro High Yield 3% Issuer Capped Index in EUR.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 30.11.2017 48.47
    Net asset value (NAV) EUR as of 19.12.2017 11.647
    Duration as of 30.11.2017 3.02
    Yield to maturity as of 30.11.2017 3.13
  • 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 (%) 11.90
    Sharpe Ratio 6.42
    Volatility 1.81
    Tracking Error 0.47
    Information Ratio 5.55
    Calculation is based on end-of-month data.
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