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Danske Invest SICAV

Danish Mortgage Bond Class I-eur h

ISIN: LU1567658643
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

10.71

NAV as of 20.01.2020

+0.00%

Return 1 day

+0.34%

Return 1 month

-0.05%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve performance that is at least equal to that of long-term Danish bonds. The share class is accumulating.

Investment policy

The fund invests mainly in highly rated investment grade mortgage bonds that are denominated in Danish Kroner (DKK).

Specifically, the fund invests at least two-thirds of net assets in mortgage bonds (including covered bonds) that are issued by Danish mortgage credit institutions and are traded on a regulated market, and are denominated in DKK.

The fund may invest up to 20% of net assets in securities denominated in EUR, SEK and NOK.

The total modified duration, including cash and the adjustment for estimated premature redemption risk, is 3 to 9 years.

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.

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.

Return

Danish Mortgage Bond Class I-eur h
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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
Click to change the amount
 €

0 years
years
2 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 102.84
Historical return is no reliable indicator of future return.
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Manager

Ulrik Carstens

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 20

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


Please note that all holdings are delayed with 1 month.
Danish Mortgage Bond Class I-eur h

Holdings as of 29.11.2019

Name of investment/security Weight Type Currency Country ISIN code
2.00% 2,0NDASDRO50 50 000000000000007.747.74% Bonds DKK Denmark DK0002038744
1.50% 1,5NDASDRO40 40 000000000000007.027.02% Bonds DKK Denmark DK0002038827
2.00% 2NYK01EA50 50 000000000000006.306.30% Bonds DKK Denmark DK0009513582
0,50 NYKREDIT 01E A 2050 000000000000005.855.85% Bonds DKK Denmark DK0009525081
2,00 REALKREDIT DANMARK 27S.S. 2047 000000000000003.923.92% Bonds DKK Denmark DK0009297350
0,50 DANSK STATSLÅN ST LÅN (INK) 2029 000000000000003.733.73% Bonds DKK Denmark DK0009923807
4,50 DANSK STATSLÅN ST LÅN (INK) 2039 000000000000003.343.34% Bonds DKK Denmark DK0009922320
0,50 NORDEA KREDIT ANN SDRO 2050 000000000000003.203.20% Bonds DKK Denmark DK0002046176
1,00 Jyske Realkredit 411.E.OA 2050 000000000000002.822.82% Bonds DKK Denmark DK0009397739
1,00 REALKREDIT DANMARK 23S SA 2050 000000000000002.442.44% Bonds DKK Denmark DK0004612454
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 charge0.33%
  • 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.
Danish Mortgage Bond Class I-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1567658643
    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 06.04.2017
    Bloomberg ticker DADMIHE LX
    Wertpapierkennnummer A2DPX0
    Marketing permission (Retail) Luxembourg, Germany, Austria, Finland, Switzerland
    Marketing permission (Professional) Germany, Luxembourg, Austria, Finland, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Denmark
    Benchmark The fund has no benchmark.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 17.01.2020 471.48
    Net asset value (NAV) EUR as of 20.01.2020 10.71
    Duration as of 30.12.2019 4.35
    Yield to maturity as of 30.12.2019 0.31
  • 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 (%) 2.84
    Sharpe Ratio
    Volatility
    Calculation is based on end-of-month data.
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