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Danske Invest SICAV US High Yield Bond Class I Morningstar Rating™ : - ISIN: LU1116405215 Documents Factsheet Key Investor Information Document Articles of incorporation Prospectus Restriction report Complaints procedure
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 adheres to the Responsible Investment Policy of Danske Bank and restricts certain sectors and companies from its investment universe. 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 in, or be exposed to, the following investments up to the percentage of net assets indicated: debt instruments with a rating of Caa1/CCC+ (or similar) or lower: 20%, unrated bonds: 10%. 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. The total duration, including cash, is the benchmark duration plus or minus 2 years. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.
Risk indicator Lower risk Higher risk Typically lower return Typically higher return 1234567 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.
Manager Todd Vandam Title: Portfolio Manager Background: B.A. (business & economics), CFA Years of experience: 28 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.
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 charge0.76% Performance fee0.00% One-off charges taken before or after you invest Max. entry charge2.00% Max. exit charge0.00% Other charges *) Management fee0.60% *) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
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 (Professional) Luxembourg, Switzerland
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 Total assets, mill. USD as of 01.10.2021 16.93 Shareclass total assets, mill. USD as of 04.10.2021 7.87 Net asset value (NAV) USD as of 04.10.2021 13.976 Duration as of 31.08.2021 3.54 Yield to maturity as of 31.08.2021 4.52
Risk key figures as of 30.09.2021 1 year 3 years 5 years 7 years 10 years Avg. annual return (%) 10.87 6.86 6.69 Sharpe Ratio Volatility 9.32 7.43 Tracking Error 1.29 1.45 Information Ratio -0.31 0.24 Calculation is based on end-of-month data.
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