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.
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.