Danske Invest SICAV

US High Yield Bond Class I

Morningstar Rating™ : - Sustainability : - ISIN: LU1116405215
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
ESG restriction report
Carbon footprint report

13.131

NAV as of 24.11.2020

+0.17%

Return 1 day

+2.33%

Return 1 month

+5.95%

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 below investment grade (high yield) corporate and government bonds that are denominated in US Dollar (USD).

The fund may invest up to 25% of net assets in debt securities denominated in CAD, CHF, EUR, GBP, NOK and SEK. These securities have a credit rating below Baa3/BBB- (or similar). The fund may also invest in a US corporate bond traded on the OTC Fixed Income Market as long as the issue has a minimum credit rating of Caa3/CCC- (or similar). The fund may invest up to 10% of net assets in unrated bonds.

Specifically, the fund invests at least two-thirds of net assets in bonds and other debt instruments, including Rule 144A securities, that are traded on a regulated market and are denominated in USD.

At least 90% of the fund's investments are denominated in, or hedged into, USD.

The total duration, including cash, is the benchmark duration plus/minus 2 years. The duration indicates among others the price risk of the bonds in which the fund invests. The lower the duration, the more price stable the bonds, if interest rates change.

In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment characteristics. The fund generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

The fund may use derivatives for hedging and efficient portfolio management.

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

Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.

Return

US High Yield Bond Class I
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
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Danish Mortgage Bond Class I-chf hDanske Invest SICAV
Danish Mortgage Bond Class I-eur hDanske Invest SICAV
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Denmark Focus Class IDanske Invest SICAV
Eastern Europe Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur hDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur h dDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-sek hDanske Invest SICAV
Emerging and Frontier Markets Class IDanske Invest SICAV
Emerging and Frontier Markets SMID Class DDanske Invest SICAV - SIF
Euro Investment Grade Corporate Bond Class IDanske Invest SICAV
Euro Sustainable High Yield Bond Class I Danske Invest SICAV
Europe Class IDanske Invest SICAV
Europe Class SI-sekDanske Invest SICAV
Europe High Dividend Class IDanske Invest SICAV
Europe Long-Short Equity Factors Class I pDanske Invest SICAV
Europe Small Cap Class IDanske Invest SICAV
European Corporate Sustainable Bond Class IDanske Invest SICAV
European Corporate Sustainable Bond Class I-dkk h dDanske Invest SICAV
European Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
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 Corporate Sustainable Bond Class I-sek 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 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 Sustainable Future 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 Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
Historical return is no reliable indicator of future return.
Due to a change of sub-investment manager and benchmark the performance until 24 June 2019 was achieved under circumstances that no longer apply.

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
5 years
years

$

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

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

Value of USD 100

PeriodeVærdi
1 year runningUSD 104.34
3 years runningUSD 111.72
5 years runningUSD 130.98
Historical return is no reliable indicator of future return.
Show calculator

Manager

Todd Vandam

Title: Portfolio Manager
Background: B.A. (business & economics), CFA
Years of experience: 27

Loomis, Sayles & Company

Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions.  Using foresight and flexibility, Loomis Sayles looks far and wide for value – across traditional asset classes and alternative investments – to pursue attractive, sustainable returns for clients.

Asset allocation as of 30.09.2020


Please note that all holdings are delayed with 1 month.
US High Yield Bond Class I

Holdings as of 30.09.2020

Name of investment/security Weight Type Currency Country ISIN code
7,5 FIRST QUANTUM 01/04-2017/2025 000000000000002.032.03% Bonds USD Canada US335934AL97
5,0 CCO HOLDINGS LLC 01/02-2017/2028 000000000000001.971.97% Bonds USD USA US1248EPBX05
8,0 UBER TECHNOLOGIE 01/11-2018/2026 000000000000001.741.74% Bonds USD USA US90353TAC45
5,25 ICAHN ENTER/FIN 15/05-2020/2027 000000000000001.421.42% Bonds USD USA US451102BZ91
3,15 TEVA PHARMACEUCI 01/10-2016/2026 000000000000001.411.41% Bonds USD Netherlands US88167AAE10
9,0 FORD MOTOR CO 22/04-2020/2025 000000000000001.271.27% Bonds USD USA US345370CW84
8,375 IHEARTCOMMUNICAT 01/05-2019/2027 000000000000001.261.26% Bonds USD USA US45174HBD89
5,375 CENTENE ESCRW 01/06-2018/2026 000000000000001.031.03% Bonds USD USA US15137TAA88
4,75 YUM! BRANDS INC 15/01-2019/2030 000000000000001.001.00% Bonds USD USA US988498AL59
4,375 NETFLIX INC 15/11-2016/2026 000000000000000.990.99% Bonds USD USA US64110LAN64
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

One-off charges taken before or after you invest

Other charges *)

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

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1116405215
    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 USD
    Price method Single Price
    Legal type UCITS
    Launch date 14.01.2015
    Bloomberg ticker DANUHYI LX
    Wertpapierkennnummer A12HUX
    Marketing permission (Retail) Luxembourg, Germany, Switzerland
    Marketing permission (Professional) Luxembourg, Germany, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area North America
    Benchmark Bloomberg-Barclays US Corporate High Yield 2% Issuer Capped Index (hedged into the respective class currency).
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. USD as of 23.11.2020 32.26
    Net asset value (NAV) USD as of 24.11.2020 13.131
    Duration as of 30.10.2020 4.03
    Yield to maturity as of 30.10.2020 5.43
  • Risk key figures as of 31.10.2020

    Risk key figures as of 31.10.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 4.34 3.76 5.55
    Sharpe Ratio 0.20 0.49
    Volatility 9.12 7.81
    Tracking Error 1.32 1.66
    Information Ratio -0.42 -0.22
    Calculation is based on end-of-month data.
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