Danske Invest SICAV

Global Corporate Bonds Class A

Morningstar Rating™ : - Sustainability: : - ISIN: LU0123484106
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

40.327

NAV as of 23.07.2019

+0.08%

Return 1 day

+0.95%

Return 1 month

+5.91%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. The share class is accumulating.

Investment policy

The fund invests mainly in investment grade bonds from anywhere in the world.

Specifically, the fund invests at least two-thirds of net assets in corporate bonds and other debt instruments that are traded on a regulated market and are rated from A1/A+ to Baa3/BBB- (or similar).

The fund may invest up to 10% of net assets in below investment grade bonds that are rated from Ba1/BB+ to B3/B- (or similar). Bonds that fall below B3/B- will be sold within 6 months. The fund may also invest in government bonds.

At least 90% of the fund¿s investments are denominated in, or hedged into, EUR.

The fund may use financial derivative investments such as Credit Default Swaps.

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, as well as investment purposes.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.

Return

Global Corporate Bonds Class A
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
Aktiv Förmögenhetsförvaltning Class SADanske Invest SICAV
Aktiv Förmögenhetsförvaltning Class SA dDanske Invest SICAV
China Class ADanske Invest SICAV
Danish Bond Class ADanske Invest SICAV
Danish Bond Class A dDanske Invest SICAV
Danish Mortgage Bond Class ADanske Invest SICAV
Danish Mortgage Bond Class A dDanske Invest SICAV
Denmark Focus Class ADanske Invest SICAV
Dynamic Class A pDanske Invest Allocation
Eastern Europe Absolute Class A pDanske Invest SICAV
Eastern Europe Class ADanske Invest SICAV
Eastern Europe ex. Russia Class ADanske Invest SICAV
Emerging Markets Debt Hard Currency Class ADanske Invest SICAV
Emerging and Frontier Markets Class ADanske Invest SICAV
Euro High Yield Bond Class ADanske Invest SICAV
Euro High Yield Bond Class A dDanske Invest SICAV
Europa (SEK) Class SADanske Invest SICAV
Europe Class ADanske Invest SICAV
Europe High Dividend Class ADanske Invest SICAV
Europe Long-Short Equity Factors Class A pDanske Invest SICAV
Europe Long-Short Equity Factors Class A-nok h pDanske Invest SICAV
Europe Long-Short Equity Factors Class A-sek h pDanske Invest SICAV
Europe Small Cap Class ADanske Invest SICAV
Europe Small Cap Class A-nokDanske Invest SICAV
Europe Small Cap Class A-sekDanske Invest SICAV
European Bond Class ADanske Invest SICAV
European Bond Class A dDanske Invest SICAV
European Corporate Sustainable Bond Class ADanske Invest SICAV
European Corporate Sustainable Bond Class A dDanske Invest SICAV
Global Emerging Markets Class ADanske Invest SICAV
Global Emerging Markets Small Cap Class ADanske Invest SICAV
Global High Dividend Class ADanske Invest SICAV
Global Index Class SADanske Invest SICAV
Global Inflation Linked Bond Class ADanske Invest SICAV
Global Inflation Linked Bond Class A dDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class ADanske Invest SICAV
Global Inflation Linked Bond Short Duration Class A dDanske Invest SICAV
Global StockPicking Class ADanske Invest SICAV
Horisont Aktie Class SADanske Invest Allocation
Horisont Aktie Class SA dDanske Invest Allocation
Horisont Balanserad Class SADanske Invest Allocation
Horisont Balanserad Class SA dDanske Invest Allocation
Horisont Försiktig Class SADanske Invest Allocation
Horisont Försiktig Class SA dDanske Invest Allocation
Horisont Offensiv Class SADanske Invest Allocation
Horisont Offensiv Class SA dDanske Invest Allocation
Horisont Ränta Class SADanske Invest Allocation
Horisont Ränta Class SA dDanske Invest Allocation
India Class ADanske Invest SICAV
Japan Class ADanske Invest SICAV
Multi Asset Inflation Strategy Class ADanske Invest SICAV
Multi Asset Inflation Strategy Class A-sek hDanske Invest SICAV
Nordic Corporate Bond Class ADanske Invest SICAV
Nordic Corporate Bond Class A dDanske Invest SICAV
Russia Class ADanske Invest SICAV
SRI Global Class SADanske Invest SICAV
SRI Global Class SA dDanske Invest SICAV
Sverige Beta Class SADanske Invest SICAV
Sverige Beta Class SA dDanske Invest SICAV
Sverige Class ADanske Invest SICAV
Sverige Class SADanske Invest SICAV
Sverige Class SA dDanske Invest SICAV
Sverige Kort Ränta Class SADanske Invest SICAV
Sverige Kort Ränta Class SA dDanske Invest SICAV
Sverige Real Ränta Class SADanske Invest SICAV
Sverige Ränta Class SADanske Invest SICAV
Sverige Ränta Class SA dDanske Invest SICAV
Sverige Småbolag Class SADanske Invest SICAV
Swedish Bond Class ADanske Invest SICAV
US High Yield Bond Class A-eur hDanske Invest SICAV
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
10 years
years

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

Historical return is no reliable indicator of future return.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 104.44
3 years runningEUR 107.11
5 years runningEUR 113.38
7 years runningEUR 137.00
10 years runningEUR 170.22
Historical return is no reliable indicator of future return.
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Manager

Andreas Dankel & team

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 22

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 31.05.2019

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Global Corporate Bonds Class A

Holdings as of 31.05.2019

Name of investment/security Weight Type Currency Country ISIN code
1,413 FCC AQUALIA SA 08/06-2017/2022 000000000000001.811.81% Bonds EUR Spain XS1627337881
0,75 AUTOLIV INC 26/06-2018/2023 000000000000001.671.67% Bonds EUR Sweden XS1713462585
2,5 VOLKSWAGEN BANK 31/07-2019/2026 000000000000001.521.52% Bonds EUR Germany XS1944390597
1,5 ARKEMA 20/1-2015/2025 000000000000001.521.52% Bonds EUR France FR0012452191
3,5 ENEL SPA 24/05-2019/2080 000000000000001.491.49% Bonds EUR Italy XS2000719992
0,875 SANTAN CONS FIN 30/05-2018/2023 000000000000001.421.42% Bonds EUR Spain XS1824235219
2,00 ROYAL BK SCOTLND 08/03-2017/2023 000000000000001.321.32% Bonds EUR United Kingdom XS1575979148
0,375 TEVA PHARM FNC 25/07-2016/2020 000000000000001.291.29% Bonds EUR Netherlands XS1439749109
0,625 BAYER CAP CORPNV 15/12-2018/2022 000000000000001.281.28% Bonds EUR Netherlands XS1840614900
0 GLAXOSMITHKLINE 12/09-2017/2020 000000000000001.251.25% Bonds EUR United Kingdom XS1681518962
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.
Global Corporate Bonds Class A

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0123484106
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management Company
    Man. company domicile Luxembourg
    Depositary RBC Investor Services Bank S.A
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 13.02.2001
    Bloomberg ticker FNDGHIA LX
    Wertpapierkennnummer 763767
    Marketing permission in Denmark, Sweden, Luxembourg, Germany, Austria, United Kingdom, Norway, Finland, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Global
    Benchmark Bloomberg-Barclays Capital Euro-Aggregate 500MM Corp A-BBB Index.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 22.07.2019 349.82
    Net asset value (NAV) EUR as of 23.07.2019 40.327
    Duration as of 28.06.2019 4.98
    Yield to maturity as of 28.06.2019 0.78
  • Risk key figures as of 30.06.2019

    Risk key figures as of 30.06.2019

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 4.44 2.32 2.54 4.60 5.46
    Sharpe Ratio 1.16 0.98 1.55 1.25
    Volatility 2.28 2.79 2.99 4.15
    Tracking Error 1.10 1.09 1.05 1.33
    Information Ratio -0.13 -0.27 0.35 0.32
    Calculation is based on end-of-month data.
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