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Danske Invest SICAV

Euro High Yield Bond Class I

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

12.292

NAV as of 17.01.2020

+0.12%

Return 1 day

+0.80%

Return 1 month

+0.68%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. The share class 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 country in Western or Eastern Europe, Asia, Oceania, the American countries or Africa, and denominated in Euro.

In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment characteristics.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes. The fund may take short positions through derivatives. The fund may use credit default swaps with or without underlying assets.

The currency risk is limited since the fund aims to hedge currency risks of non-euro denominated investments. The total duration of the fund, including 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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Europa (SEK) Class SIDanske Invest SICAV
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Europe Class SI-sekDanske Invest SICAV
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Europe Small Cap Class IDanske Invest SICAV
European Bond Class IDanske Invest SICAV
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European Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Corporate Sustainable Bond Class IDanske Invest SICAV
Global Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
Global Emerging Markets Class IDanske Invest SICAV
Global Emerging Markets Class I dDanske Invest SICAV
Global Emerging Markets Small Cap Class IDanske Invest SICAV
Global High Dividend Class IDanske Invest SICAV
Global Index Class SIDanske Invest SICAV
Global Inflation Linked Bond Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class RIDanske Invest SICAV
Global Small Cap Class IDanske Invest SICAV
Global StockPicking Class IDanske Invest SICAV
Horisont Aktie Class SIDanske Invest Allocation
Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
Horisont Ränta Class SIDanske Invest Allocation
Japan Class IDanske Invest SICAV
Multi Asset Inflation Strategy Class IDanske Invest SICAV
Nordic Corporate Bond Class IDanske Invest SICAV
Nordic Corporate Bond Class I-nok hDanske Invest SICAV
Russia Class IDanske Invest SICAV
SRI Global Class SIDanske Invest SICAV
SRI Global Class SI dDanske Invest SICAV
Sverige Beta Class SIDanske Invest SICAV
Sverige Class SIDanske Invest SICAV
Sverige Kort Ränta Class SIDanske Invest SICAV
Sverige Kort Ränta Class SI dDanske Invest SICAV
Sverige Real Ränta Class SIDanske Invest SICAV
Sverige Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
US High Yield Bond Class IDanske Invest SICAV
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
 €

0 years
years
3 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 110.23
3 years runningEUR 114.91
Historical return is no reliable indicator of future return.
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Manager

Andreas Dankel & team

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 23

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 29.11.2019

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 29.11.2019

Name of investment/security Weight Type Currency Country ISIN code
VOD 3.1 01/03/79 000000000000001.401.40% Bonds EUR United Kingdom XS1888179477
SRLEV NV FRN 15/4-11/2041 000000000000001.331.33% Bonds EUR Netherlands XS0616936372
0,000001 TIM SPA 26/01-2018/2026 000000000000001.301.30% Bonds EUR Italy XS1846631049
3,875 HIPERCOR 19/01-2015/2022 000000000000001.231.23% Bonds EUR Spain XS1169199152
TELEFONICA EUROP FRN PERP/CALL 000000000000001.211.21% Bonds EUR Netherlands XS1490960942
3,25 TELECOM ITALIA EMTN 16/1-2015/2023 000000000000001.131.13% Bonds EUR Italy XS1169832810
2,25 IQVIA INC 15/01-2019/2028 000000000000001.101.10% Bonds EUR USA XS2036798150
USIMIT 3 7/8 03/01/28 000000000000001.091.09% Bonds EUR Italy XS1784311703
EDP SA FRN 30/04-2019/2079 000000000000001.061.06% Bonds EUR Portugal PTEDPKOM0034
2,375 FAURECIA 15/06-2019/2027 000000000000001.041.04% Bonds EUR France XS2081474046
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.

Charges taken from the fund over a year

  • Ongoing charge0.58%
  • Performance fee0.00%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Euro High Yield Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0923470016
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management A/S
    Man. company domicile Denmark
    Depositary RBC Investor Services Bank S.A
    Minimum initial investment EUR 100,000
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 13.04.2016
    Bloomberg ticker DANYHIC LX
    Wertpapierkennnummer A2AG3S
    Marketing permission (Retail) Luxembourg, Germany, Austria, Switzerland
    Marketing permission (Professional) Austria, Germany, Luxembourg, 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 16.01.2020 53.00
    Net asset value (NAV) EUR as of 17.01.2020 12.292
    Duration as of 30.12.2019 2.64
    Yield to maturity as of 30.12.2019 3.54
  • Risk key figures as of 31.12.2019

    Risk key figures as of 31.12.2019

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 10.23 4.74
    Sharpe Ratio 1.44
    Volatility 3.48
    Tracking Error 0.93
    Information Ratio 0.15
    Calculation is based on end-of-month data.
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