Danske Invest SICAV

Emerging Markets Debt Hard Currency Class I-eur h

Morningstar Rating™ : - ESG-funds - ISIN: LU1204911561
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

9.519

NAV as of 25.05.2022

+0.61%

Return 1 day

-2.60%

Return 1 month

-17.95%

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 corporate and government bonds from emerging markets. To a small extent, the fund may invest in bonds issued in the European Union or the USA.

The fund is categorized under SFDR as article 8 and promotes environmental and/or social characteristics, as well as good governance practices, through screening, restrictions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest’s responsible investment policy.

The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated:

Bonds with a rating of Caa/CCC (or similar) or lower or unrated bonds: 15%. Debt instruments that are unrated or are considered to be in default because they have failed to make one or more required payments on schedule: 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, as well as for investment purposes.

The total duration, including cash, is the benchmark duration plus or minus 2 years.

The main part of the share class' NAV will be hedged against the base currency of the fund. However, the share class remains exposed to the currencies of the investments in the fund.

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



ESG-funds (Article 8)
Funds that promote environmental (E) and/or social (S) factors and ensure good governance (G) practices are called ESG funds at Danske Invest. These funds promote E/S characteristics through screening, restrictions, investment analysis, and active ownership, but they do not have sustainable investments as their objective. The funds integrate ESG by systematically identifying and addressing sustainability factors during the investment process.

ESG funds comply with Article 8 of the EU regulation on sustainability‐related disclosures in the financial services sector.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Emerging Markets Debt Hard Currency Class I-eur h
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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Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.

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 €.

Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 83.34
3 years runningEUR 89.46
5 years runningEUR 91.83
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Manager

Bent Lystbæk & Jacob Ellinge Nielsen

Title: First Vice President/Senior Portfolio Manager
Background: M.Sc./M.Sc.

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part 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 31.03.2022


Please note that all holdings are delayed with 1 month.
Emerging Markets Debt Hard Currency Class I-eur h

Holdings as of 31.03.2022

Name of investment/security Weight Type Currency Country ISIN code
1MDB GLOBAL INVESTMENTS 4.4% 09.03.2023 000000000000001.861.86% Bonds USD Malaysia XS0906085179
DOMINICAN REPUBLIC 5.95% 25.01.2027 000000000000001.311.31% Bonds USD Dominican Republic USP3579EBV85
REPUBLICA ORIENT URUGUAY 5.1% 18.06.2050 000000000000001.311.31% Bonds USD Uruguay US760942BA98
NORTH MACEDONIA 2.75% 18.01.2025 000000000000001.291.29% Bonds EUR Macedonia,The Former Yugoslav Republic Of XS1744744191
BANCO NACIONAL DE PANAMA 2.5% 11.08.2030 000000000000001.281.28% Bonds USD Panama USP1559LAA72
MONGOLIA INTL BOND 8.75% 09.03.2024 000000000000001.001.00% Bonds USD Mongolia USY6142NAA64
STATE OF QATAR 4.817% 14.03.2049 000000000000000.980.98% Bonds USD Qatar XS1959337749
AFRICA FINANCE CORP 4.375% 17.04.2026 000000000000000.970.97% Bonds USD Nigeria XS1983289791
BANQUE OUEST AFRICAINE D 4.7% 22.10.2031 000000000000000.930.93% Bonds USD Togo XS2063540038
REPUBLIC OF ECUADOR 31.07.2035 000000000000000.930.93% Bonds USD Ecuador XS2214238441
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.
Emerging Markets Debt Hard Currency Class I-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1204911561
    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 16.11.2016
    Bloomberg ticker DEMDHIH LX
    Wertpapierkennnummer A2ASK1
    Marketing permission Luxembourg, Germany, Finland, Sweden
    Class of Emerging Markets Debt Hard Currency
    Other classes Emerging Markets Debt Hard Currency Class A
    Emerging Markets Debt Hard Currency Class I
    Emerging Markets Debt Hard Currency Class I-eur h d
    Emerging Markets Debt Hard Currency Class I-sek h
    Emerging Markets Debt Hard Currency Class WA
    Emerging Markets Debt Hard Currency Class WA-eur h
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Emerging Markets
    Benchmark JPM EMBI Global Diversified Composite (hedged into the respective class currency)
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 25.05.2022 474.00
    Shareclass total assets, mill. EUR as of 25.05.2022 199.51
    Net asset value (NAV) EUR as of 25.05.2022 9.519
    Duration as of 29.04.2022 6.94
    Yield to maturity as of 29.04.2022 6.92
  • Risk key figures as of 30.04.2022

    Risk key figures as of 30.04.2022

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -16.66 -3.64 -1.69
    Sharpe Ratio -0.25 -0.12
    Volatility 13.10 10.62
    Tracking Error 1.67 1.48
    Information Ratio 0.06 0.14
    Calculation is based on end-of-month data.
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