Danske Invest SICAV

Danish Mortgage Bond Class A-sek h

ISIN: LU0332084994
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus

164.90

NAV as of 06.08.2020

-0.13%

Return 1 day

+0.69%

Return 1 month

+1.12%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve a 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 Krone (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 usually invests in securities that are rated AAA (or similar) at the time of purchase. However, it may hold securities with a lower credit rating as a result of a credit downgrade.

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. The duration indicates among others the price risk of bonds in which the funds 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 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 A-sek h
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
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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
10 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.
Show table

Value of SEK 100

PeriodeVærdi
1 year runningSEK 100.33
3 years runningSEK 106.67
5 years runningSEK 111.56
7 years runningSEK 118.23
10 years runningSEK 134.30
Historical return is no reliable indicator of future return.
Show calculator

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 30.06.2020

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Danish Mortgage Bond Class A-sek h

Holdings as of 30.06.2020

Name of investment/security Weight Type Currency Country ISIN code
0.50% 0,5 pct 111. 40 000000000000008.008.00% Bonds DKK Denmark DK0009397812
0.50% 0,5NYK01EA40 40 000000000000006.776.77% Bonds DKK Denmark DK0009524357
0.50% 0,5NDASDRO40 40 000000000000006.576.57% Bonds DKK Denmark DK0002044635
1.00% 1,0NDASDRO50 50 000000000000005.565.56% Bonds DKK Denmark DK0002044551
0,00 REALKREDIT DANMARK 21S SA 2035 000000000000005.345.34% Bonds DKK Denmark DK0004613346
1.50% 1,5NDASDRO40 40 000000000000005.045.04% Bonds DKK Denmark DK0002038827
0,2 INT BK RECON&DEV 15/11-2019/2039 000000000000004.884.88% Bonds DKK USA XS2086462657
0,50 NORDEA KREDIT ANN SDRO 2050 000000000000003.893.89% Bonds DKK Denmark DK0002046176
1.00% 1NYK01EA50 50 000000000000002.862.86% Bonds DKK Denmark DK0009522815
0,50 DANSK STATSLÅN ST LÅN (INK) 2029 000000000000002.842.84% Bonds DKK Denmark DK0009923807
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.
Danish Mortgage Bond Class A-sek h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0332084994
    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
    Currency SEK
    Price method Single Price
    Legal type UCITS
    Launch date 18.12.2007
    Bloomberg ticker DANMSSK LX
    Wertpapierkennnummer A1H4NB
    Marketing permission (Retail) Denmark, Sweden, Luxembourg, Germany, United Kingdom, Norway, Finland, Switzerland
    Marketing permission (Professional) Denmark, Germany, Luxembourg, Sweden, United Kingdom, Finland, Norway, 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. SEK as of 06.08.2020 4,179.95
    Net asset value (NAV) SEK as of 06.08.2020 164.90
    Duration as of 31.07.2020 5.65
    Yield to maturity as of 31.07.2020 0.17
  • Risk key figures as of 31.07.2020

    Risk key figures as of 31.07.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 0.33 2.18 2.21 2.42 2.99
    Sharpe Ratio 1.00 1.09 1.06 1.00
    Volatility 2.37 2.32 2.38 2.54
    Calculation is based on end-of-month data.
  • Download documents

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