Danske Invest SICAV

Danish Bond Class A

Morningstar Rating™ : - ISIN: LU0012089180
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus

410.53

NAV as of 03.07.2020

+0.10%

Return 1 day

+0.39%

Return 1 month

-0.68%

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 medium-term Danish bonds. The share class is accumulating.

Investment policy

The fund invests mainly in highly rated investment grade Danish bonds.

Specifically, the fund invests at least two-thirds of net assets in bonds (including covered bonds) that are traded on a regulated market and are issued by companies, credit institutions, government, municipalities and other public organisations. These securities 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 2 to 5 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.

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

Return

Danish Bond Class A
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
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Danish Bond Class A dDanske Invest SICAV
Danish Mortgage Bond Class ADanske Invest SICAV
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Denmark Focus Class ADanske Invest SICAV
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 Investment Grade Corporate Bond Class ADanske Invest SICAV
Euro Sustainable High Yield Bond Class ADanske Invest SICAV
Euro Sustainable 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
Global Sustainable 130/30 Class ADanske Invest SICAV
Global Sustainable 130/30 Class A-dkkDanske Invest SICAV
Global Sustainable 130/30 Class A-eurDanske Invest SICAV
Global Sustainable 130/30 Class A-nokDanske Invest SICAV
Global Sustainable 130/30 Class A-sekDanske 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
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 DKK 100

PeriodeVærdi
1 year runningDKK 98.55
3 years runningDKK 100.79
5 years runningDKK 103.75
7 years runningDKK 105.92
10 years runningDKK 114.68
Historical return is no reliable indicator of future return.
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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 29.05.2020

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

Holdings as of 29.05.2020

Name of investment/security Weight Type Currency Country ISIN code
0.50% 0,5NDASDRO40 40 000000000000009.729.72% Bonds DKK Denmark DK0002044635
0,50 DANSK STATSLÅN ST LÅN (INK) 2029 000000000000008.668.66% Bonds DKK Denmark DK0009923807
1.50% 1,5NDASDRO40 40 000000000000006.196.19% Bonds DKK Denmark DK0002038827
VAR. BRFKREDIT 454.B OA 2038 000000000000005.915.91% Bonds DKK Denmark DK0009361628
1,00 REALKREDIT DANMARK 23S SA 2050 000000000000005.615.61% Bonds DKK Denmark DK0004612454
NYKREDIT VAR. 33D CF 2038 000000000000005.045.04% Bonds DKK Denmark DK0009759664
NYKREDIT VAR. 43D 500CF6 OA 2038 000000000000004.564.56% Bonds DKK Denmark DK0009761561
0,10 DANSK STATSLÅN 2030I 000000000000004.094.09% Bonds DKK Denmark DK0009923724
0.50% 0,5NYK01EA40 40 000000000000003.833.83% Bonds DKK Denmark DK0009524357
1,00 REALKREDIT DANMARK 21S.S. 2032 000000000000003.553.55% Bonds DKK Denmark DK0009297434
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 Bond Class A

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0012089180
    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 DKK
    Price method Single Price
    Legal type UCITS
    Launch date 05.07.1989
    Bloomberg ticker DKFDBDA LX
    Wertpapierkennnummer 971673
    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. DKK as of 02.07.2020 244.46
    Net asset value (NAV) DKK as of 03.07.2020 410.53
    Duration as of 30.06.2020 2.96
    Yield to maturity as of 30.06.2020 0.09
  • Risk key figures as of 30.06.2020

    Risk key figures as of 30.06.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -1.45 0.26 0.74 0.83 1.38
    Sharpe Ratio 0.47 0.79 0.82 0.86
    Volatility 1.63 1.54 1.49 1.66
    Calculation is based on end-of-month data.
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