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 debt instruments listed or traded on a regulated market and issued by companies domiciled in or with main activity in any Nordic country. Up to 25% of its assets may be invested in covered bonds from Nordic credit institutions.
At least 50% of debt instruments must have a quality corresponding to a credit rating of Baa3/BBB- or higher.
The total modified duration of the fund, including cash, is from 0 to the benchmark duration plus 2 years.
The modified duration indicates a.o. the price risk of the bonds the fund invests in. The lower the duration, the more price stable the bonds if interest rates change.
At least 90% of the funds investments must be denominated in or hedged to EUR.
In actively managing the funds portfolio, the management team selects securities that appear to offer superior investment characteristics.
The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes. The fund may take short positions through derivatives. The fund may use credit default swaps with or without underlying assets.
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.
