Danske Invest SICAV

US High Yield Bond Class A-eur h

ISIN: LU1116406023
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus

10.397

NAV as of 11.04.2017

+0.01%

Return 1 day

+1.46%

Return 1 month

+0.00%

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 below investment grade (high yield) corporate and government bonds that are denominated in US Dollar (USD).

The fund may invest up to 25% of net assets in debt securities denominated in CAD, CHF, EUR, GBP, NOK and SEK. These securities have a credit rating below Baa3/BBB- (or similar). The fund may also invest in a US corporate bond traded on the OTC Fixed Income Market as long as the issue has a minimum credit rating of Caa3/CCC- (or similar). The fund may invest up to 10% of net assets in unrated bonds.

Specifically, the fund invests at least two-thirds of net assets in bonds and other debt instruments, including Rule 144A securities, that are traded on a regulated market and are denominated in USD.

The total duration, including cash, is the benchmark duration plus/minus 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.

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

Return

US High Yield Bond Class A-eur h
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
Since launch

to
Compare with other fund ...
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European Bond Class ADanske Invest SICAV
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Global Emerging Markets Class ADanske 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
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
2 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 111.69
Historical return is no reliable indicator of future return.
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Manager

Todd Vandam

Title: Portfolio Manager
Background: B.A. (business & economics), CFA
Years of experience: 27

Loomis, Sayles & Company

Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions.  Using foresight and flexibility, Loomis Sayles looks far and wide for value – across traditional asset classes and alternative investments – to pursue attractive, sustainable returns for clients.

Asset allocation as of 30.12.2019


Please note that all holdings are delayed with 1 month.
US High Yield Bond Class A-eur h

Holdings as of 30.12.2019

Name of investment/security Weight Type Currency Country ISIN code
5,375 HCA INC. 1/2-2015/2025 000000000000002.302.30% Bonds USD USA US404119BR91
5,0 CCO HOLDINGS LLC 01/02-2017/2028 000000000000002.092.09% Bonds USD USA US1248EPBX05
8,0 FRONTIER COMM 01/04-2019/2027 000000000000001.621.62% Bonds USD USA US35906ABC18
5,625 HESS MIDSTREAM P 15/02-2019/2026 000000000000001.541.54% Bonds USD USA US428102AC14
7,5 UBER TECHNOLOGIE 01/11-2018/2023 000000000000001.481.48% Bonds USD USA US90353TAA88
5,5 TELENET FIN LUX 01/03-2017/2028 000000000000001.481.48% Bonds USD Luxembourg BE6300372289
8,375 IHEARTCOMMUNICAT 01/05-2019/2027 000000000000001.321.32% Bonds USD USA US45174HBD89
5,375 TRANSOCEAN SENTR 15/05-2019/2023 000000000000001.191.19% Bonds USD Cayman US89385AAA34
7,875 SPRINT NEXTEL CORP. 15/9-2014/2023 000000000000001.181.18% Bonds USD USA US85207UAF21
QBRCN 5 3/8 06/15/24 000000000000001.121.12% Bonds USD Canada US92660FAG90
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.
US High Yield Bond Class A-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1116406023
    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 19.03.2015
    Bloomberg ticker DANUHYA LX
    Wertpapierkennnummer A14QN5
    Marketing permission (Retail) Luxembourg, Germany, Switzerland
    Marketing permission (Professional) Luxembourg, Germany, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area North America
    Benchmark Bloomberg-Barclays US Corporate High Yield 2% Issuer Capped Index (hedged into the respective class currency).
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 31.01.2020 29.67
    Net asset value (NAV) EUR as of 11.04.2017 10.397
    Duration as of 31.01.2020 3.27
    Yield to maturity as of 31.01.2020 5.34
  • Risk key figures as of 30.04.2017

    Risk key figures as of 30.04.2017

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 11.69
    Sharpe Ratio
    Volatility
    Tracking Error
    Information Ratio
    Calculation is based on end-of-month data.
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