Danske Invest SICAV

European Corporate Sustainable Bond Class I-dkk h d

Sustainability : - ISIN: LU1399305686
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
ESG restriction report

98.720

NAV as of 23.11.2020

+0.05%

Return 1 day

+0.57%

Return 1 month

+0.35%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. Dividends are normally distributed to investors each year.

Investment policy

The fund invests mainly in European corporate bonds that have a strong sustainability profile as defined by Environment, Social and Governance (ESG) criteria, including climate change and greenhouse gas emissions.

Specifically, the fund invests at least two-thirds of net assets in corporate bonds that are traded on a regulated market and are issued in OECD countries by companies that comply with international principles for responsible investments and are not active in controversial sectors such as arms and cluster munitions manufacturing, alcohol and pornography.

At least 75% of the sub-fund's assets invested in bonds must have a quality corresponding to a credit rating of Baa3/BBB- or higher.

At least 90% of the fund assets should be invested in bonds denominated in or hedged to EUR.

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 modified duration of the fund, including cash, is from 0 to the benchmark duration plus 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.

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.



Sustainability profile
Common to all funds labelled "Thematic" is that the fund targets specific sustainability themes or solutions, such as the circular economy. 


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

European Corporate Sustainable Bond Class I-dkk h d
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
Since launch

to
Compare with other fund ...
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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
kr

0 years
years
2 years
years

kr

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

Historical return is no reliable indicator of future return.
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Value of DKK 100

PeriodeVærdi
1 year runningDKK 99.51
Historical return is no reliable indicator of future return.
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Manager

Andreas Dankel & Tom Lundsten

Title: Chief Portfolio Manager/Senior Portfolio Manager
Background: M.Sc./M.Sc.

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 30.09.2020

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
European Corporate Sustainable Bond Class I-dkk h d

Holdings as of 30.09.2020

Name of investment/security Weight Type Currency Country ISIN code
1,5 ICADE 13/09-2017/2027 000000000000001.901.90% Bonds EUR France FR0013281755
DANONE FRN PERP/CALL 000000000000001.881.88% Bonds EUR France FR0013292828
0,625 ATLAS COPCO 30/08-2016/2026 000000000000001.631.63% Bonds EUR Sweden XS1482736185
1,069 TELEFONICA EMIS 05/02-2019/2024 000000000000001.561.56% Bonds EUR Spain XS1946004451
2,125 ISS GLOBAL A/S 2/12-2014/2024 000000000000001.541.54% Bonds EUR Denmark XS1145526825
1,25 SYMRISE AG 29/11-2019/2025 000000000000001.501.50% Bonds EUR Germany DE000SYM7720
1,413 FCC AQUALIA SA 08/06-2017/2022 000000000000001.451.45% Bonds EUR Spain XS1627337881
0,875 KBC GROUP NV 27/06-2018/2023 000000000000001.391.39% Bonds EUR Belgium BE0002602804
1,0 ENEL FIN INTL NV 16/09-2017/2024 000000000000001.351.35% Bonds EUR Netherlands XS1550149204
1 BANCO BILBAO VIZ 21/6-2019/2026 000000000000001.281.28% Bonds EUR Spain XS2013745703
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.
European Corporate Sustainable Bond Class I-dkk h d

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Taxation year Dividend date Payment date Dividend type Amount
    2019 27.04.2020 29.04.2020 Normal DKK 3.05
  • Basic information

    Basic information

    ISIN code LU1399305686
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends Yes
    Management company Danske Invest Management A/S
    Man. company domicile Denmark
    Depositary RBC Investor Services Bank S.A
    Minimum initial investment DKK 750,000
    Currency DKK
    Price method Single Price
    Legal type UCITS
    Launch date 11.12.2017
    Bloomberg ticker DAEIDHD LX
    Wertpapierkennnummer A2JALX
    Marketing permission (Retail) Denmark, Sweden, Luxembourg, Germany, Norway, Finland, Switzerland
    Marketing permission (Professional) Denmark, Germany, Luxembourg, Sweden, Finland, Norway, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Bloomberg-Barclays Capital EuroAgg Corp 500 A and Below Excluding Tobacco and Aerodefence.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. DKK as of 20.11.2020 5,027.84
    Net asset value (NAV) DKK as of 23.11.2020 98.720
    Duration as of 30.10.2020 2.71
    Yield to maturity as of 30.10.2020 1.01
  • 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 (%) -0.49
    Sharpe Ratio
    Volatility
    Tracking Error
    Information Ratio
    Calculation is based on end-of-month data.
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