Danske Invest SICAV

Danish Mortgage Bond Class A d

Morningstar Rating™ : - ISIN: LU0158165976
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus

102.91

NAV as of 28.02.2020

+0.14%

Return 1 day

+0.70%

Return 1 month

+1.27%

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 long-term Danish bonds. Dividends are normally distributed to investors each year.

Investment policy

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 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.

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

Return

Danish Mortgage 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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Euro Investment Grade Corporate Bond Class ADanske Invest SICAV
Euro Sustainable High Yield Bond Class ADanske Invest SICAV
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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
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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
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Global StockPicking Class ADanske Invest SICAV
Global Sustainable 130/30 Class ADanske Invest SICAV
Global Sustainable 130/30 Class A-dkkDanske Invest SICAV
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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 101.77
3 years runningDKK 106.76
5 years runningDKK 107.93
7 years runningDKK 115.43
10 years runningDKK 131.97
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 30.12.2019

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

Holdings as of 30.12.2019

Name of investment/security Weight Type Currency Country ISIN code
1.50% 1,5NDASDRO40 40 000000000000006.136.13% Bonds DKK Denmark DK0002038827
2.00% 2,0NDASDRO50 50 000000000000006.046.04% Bonds DKK Denmark DK0002038744
0,50 NYKREDIT 01E A 2050 000000000000005.755.75% Bonds DKK Denmark DK0009525081
2.00% 2NYK01EA50 50 000000000000004.824.82% Bonds DKK Denmark DK0009513582
4,50 DANSK STATSLÅN ST LÅN (INK) 2039 000000000000003.233.23% Bonds DKK Denmark DK0009922320
0,50 NORDEA KREDIT ANN SDRO 2050 000000000000003.153.15% Bonds DKK Denmark DK0002046176
1,00 Jyske Realkredit 411.E.OA 2050 000000000000002.782.78% Bonds DKK Denmark DK0009397739
2,00 REALKREDIT DANMARK 27S.S. 2047 000000000000002.502.50% Bonds DKK Denmark DK0009297350
1,00 REALKREDIT DANMARK 23S SA 2050 000000000000002.402.40% Bonds DKK Denmark DK0004612454
0,2 INT BK RECON&DEV 15/11-2019/2039 000000000000002.102.10% Bonds DKK USA XS2086462657
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 Mortgage Bond Class A d

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Taxation year Dividend date Payment date Dividend type Amount
    2018 25.04.2019 29.04.2019 Normal DKK 1.01
    2017 24.04.2018 26.04.2018 Normal DKK 2.05
    2016 21.02.2017 - Normal DKK 3.41
    2015 23.02.2016 24.02.2016 Normal DKK 2.05
  • Basic information

    Basic information

    ISIN code LU0158165976
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends Yes
    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 13.12.2002
    Bloomberg ticker FNDANMD LX
    Wertpapierkennnummer A0DLEC
    Marketing permission (Retail) Denmark, Sweden, Luxembourg, Germany, Austria, United Kingdom, Norway, Finland, Switzerland
    Marketing permission (Professional) Denmark, Austria, 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 27.02.2020 3,593.27
    Net asset value (NAV) DKK as of 28.02.2020 102.91
    Duration as of 31.01.2020 4.97
    Yield to maturity as of 31.01.2020 0.17
  • Risk key figures as of 31.01.2020

    Risk key figures as of 31.01.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 1.77 2.20 1.54 2.07 2.81
    Sharpe Ratio 1.34 0.89 1.09 1.15
    Volatility 2.02 2.29 2.22 2.44
    Calculation is based on end-of-month data.
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