Danske Invest SICAV

Nordic Corporate Bond Class A

Morningstar Rating™ : - Sustainability : - ISIN: LU1116404325
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus

10.439

NAV as of 02.07.2020

+0.10%

Return 1 day

+1.46%

Return 1 month

-2.34%

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 Nordic corporate bonds. 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 issued by companies that are domiciled, or do most of their business, in Nordic countries. The fund's weighted average credit rating is Baa3/ BBB- or higher.

At least 90% of the fund's investments must be denominated in or hedged to EUR.

The total modified duration of the fund, including cash, is from 0 to the benchmark duration plus 2 years. The duration indicates among others the price risk of the bonds in which the fund 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 generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

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

Nordic Corporate Bond 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
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 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
5 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 98.40
3 years runningEUR 100.28
5 years runningEUR 103.12
Historical return is no reliable indicator of future return.
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Manager

Tom Lundsten & Anders Grønning

Title: Senior Portfolio Manager/Portfolio Manager
Background: M.Sc./M.Sc. & CFA

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.
Nordic Corporate Bond Class A

Holdings as of 29.05.2020

Name of investment/security Weight Type Currency Country ISIN code
4 NYKREDIT BANK 3/6-2014/2036 000000000000002.642.64% Bonds EUR Denmark XS1073143932
0,875 LANSFORSAKR BANK 25/09-2018/2023 000000000000002.602.60% Bonds EUR Sweden XS1883278183
SIRIUS INTL FRN 22/09-2017/2047 000000000000002.022.02% Bonds SEK Bermuda XS1683455429
KLP Gjensidig Forsikring 15/45 ADJ C SUB 000000000000001.851.85% Bonds EUR Norway XS1217882171
1,375 SYDBANK A/S EMTN 18/9-2018/2023 000000000000001.781.78% Bonds EUR Denmark XS1880919383
5,25 SVENSKA HANDELSBANKEN PERP/CALL 000000000000001.751.75% Bonds USD Sweden XS1194054166
SCANIA CV AB FRN 06/09-2016/2021 000000000000001.701.70% Bonds SEK Sweden XS1485740143
1,25 RIKSHEM AB 28/06-2017/2024 000000000000001.411.41% Bonds EUR Sweden XS1636469865
DANSKE BANK FRN PERP/CALL 000000000000001.311.31% Bonds EUR Denmark XS1190987427
1,125 TELE2 AB 15/05-2018/2024 000000000000001.301.30% Bonds EUR Sweden XS1907150350
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.
Nordic Corporate Bond Class A

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1116404325
    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 EUR
    Price method Single Price
    Legal type UCITS
    Launch date 15.12.2014
    Bloomberg ticker DINOCOA LX
    Wertpapierkennnummer A12HPR
    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 Nordic
    Benchmark Bloomberg-Barclays Global Corporate Scandi All Grades Index, 5% issuer capped (hedged into the respective class currency).
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 01.07.2020 39.66
    Net asset value (NAV) EUR as of 02.07.2020 10.439
    Duration as of 30.06.2020 1.30
    Yield to maturity as of 30.06.2020 2.90
  • 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 (%) -1.60 0.09 0.62
    Sharpe Ratio 0.09 0.21
    Volatility 5.26 4.51
    Tracking Error 1.37 1.72
    Information Ratio -0.99 -0.77
    Calculation is based on end-of-month data.
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