Danske Invest SICAV

European Bond Class A d

Morningstar Rating™ : - ISIN: LU0012089263
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

11.433

NAV as of 16.11.2018

+0.01%

Return 1 day

+0.58%

Return 1 month

-1.38%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to generate a return at least equal to the return on European bonds. Dividends are normally distributed to investors each spring.

Investment policy

The fund invests in bonds listed on an official stock exchange or another recognized bond market place. The bonds shall be denominated in euro or other currency from an EU- or EES-member country.

The fund is actively managed and the modified duration must be in the range of 3-7 years.

The modified duration indicates a.o. the price risk on the bonds the fund invests in. The lower the duration, the more price stable the bonds if interest rates change. The fund may use financial derivative instruments.

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

Return

European Bond Class A d
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
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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
Equity Opportunities Class ADanske Invest Allocation
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 Dynamic Class A dpDanske Invest SICAV
Europe Long-Short Dynamic Class A pDanske Invest SICAV
Europe Small Cap Class ADanske Invest SICAV
European Bond Class ADanske Invest SICAV
European Corporate Sustainable Bond Class ADanske Invest SICAV
European Corporate Sustainable Bond Class A dDanske Invest SICAV
Germany Class ADanske Invest SICAV
Global Corporate Bonds Class ADanske 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
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
Stable Income Class A pDanske Invest Allocation
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 Europa Class SADanske Invest SICAV
Sverige Fokus Class SADanske 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 98.25
3 years runningEUR 101.70
5 years runningEUR 112.36
7 years runningEUR 130.02
10 years runningEUR 160.73
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: 21

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 28.09.2018

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
European Bond Class A d

Holdings as of 28.09.2018

Name of investment/security Weight Type Currency Country ISIN code
5,50 BUONI POLIENNALI DEL TESORO 1/11-12/2022 000000000000011.1811.18% Bonds EUR Italy IT0004848831
5,50 SPAIN (GOVERNMENT) 30/4-2011/2021 000000000000009.579.57% Bonds EUR Spain ES00000123B9
3,75 ITALY BTPS 1/8-2006/2021 000000000000006.616.61% Bonds EUR Italy IT0004009673
4,40 SPAIN (GOVERNMENT) 31/10-2013/2023 000000000000005.245.24% Bonds EUR Spain ES00000123X3
0,875 AIB MORTGAGE BANK 4/2-2016/2023 000000000000003.153.15% Bonds EUR Ireland XS1357663050
0 BUNDESOBL-120 14/04-2018/2023 000000000000003.063.06% Bonds EUR Germany DE0001141778
3,4 IRELAND TREASURY 18/3-2014/2024 000000000000002.892.89% Bonds EUR Ireland IE00B6X95T99
3,80 SPAIN (GOVERNMENT) 30/4-2014/2024 000000000000002.882.88% Bonds EUR Spain ES00000124W3
1.75 FRENCH REP 25/11-2014/2024 000000000000002.692.69% Bonds EUR France FR0011962398
5,00 CAISSE REFINANCE L'HABIT EMTN 8/4-09/2019 000000000000002.562.56% Bonds EUR France FR0010744904
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. The ongoing charges are based on the previous year’s expenses. The figure may vary from year to year.

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 Bond Class A d

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Dividend date Payment date Dividend type Amount
    24.04.2018 26.04.2018 Normal EUR 0.120
    21.02.2017 - Normal EUR 0.200
    23.02.2016 24.02.2016 Normal EUR 0.200
    24.02.2015 - Normal EUR 0.200
    24.02.2014 - Normal EUR 0.200
  • Basic information

    Basic information

    ISIN code LU0012089263
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends Yes
    Management company Danske Invest Management Company (Société Anonyme)
    Man. company domicile Luxembourg
    Depositary RBC Investor Services Bank S.A
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 05.07.1989
    Bloomberg ticker DKFIBDI LX
    Wertpapierkennnummer 971678
    Marketing permission in United Kingdom, Sweden, Norway, Luxembourg, Finland, Denmark, Germany, Switzerland, United Kingdom
  • Profile

    Profile

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

    Today's figures

    Total assets, mill. EUR as of 16.11.2018 27.30
    Net asset value (NAV) EUR as of 16.11.2018 11.433
    Duration as of 31.10.2018 6.32
    Yield to maturity as of 31.10.2018 1.23
  • Risk key figures as of 31.10.2018

    Risk key figures as of 31.10.2018

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -1.75 0.56 2.36 3.82 4.86
    Sharpe Ratio -0.84 0.33 0.83 1.10 1.21
    Volatility 1.64 2.65 3.02 3.49 3.67
    Tracking Error 0.68 1.21 1.16 1.13 1.91
    Information Ratio -1.26 -0.49 -0.61 -0.34 0.16
    Calculation is based on end-of-month data.
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