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Danske Invest SICAV

US High Yield Bond Class A-eur h

Sustainability: : - 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

+4.41%

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 US High Yield Bonds market. The fund is accumulating.

Investment policy

The fund invests mainly in government bonds and corporate bonds listed or traded a regulated market, all having credit rating Baa3/BBB- or below.

Furthermore, the fund may invest in government Emerging Market debt denominated in USD and with credit rating A3/A- or higher. The investment strategy is active. Up to a 25% of its assets may be invested in bonds denominated in other currencies. The fund may use financial derivative investments.

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

The total duration of the fund, incl. cash holding will be the benchmark duration plus/minus 2 years. The modified duration indicates a.o. the price risk of the bonds the fund invests in. The lower the duration, the more price stable the bonds if interest rates change.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Return

US High Yield Bond Class A-eur h
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Aktiv Förmögenhetsförvaltning Class SA dDanske Invest SICAV
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Danish Bond Class ADanske Invest SICAV
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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 SICAV
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 Focus Class ADanske Invest SICAV
Europe High Dividend Class ADanske Invest SICAV
Europe Long-Short Dynamic Class A dpDanske Invest SICAV
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Europe Long-Short Dynamic Plus Class A pDanske Invest SICAV
Europe Small Cap Class ADanske 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
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 SICAV
Horisont Aktie Class SA dDanske Invest Allocation SICAV
Horisont Balanserad Class SADanske Invest Allocation SICAV
Horisont Balanserad Class SA dDanske Invest Allocation SICAV
Horisont Försiktig Class SADanske Invest Allocation SICAV
Horisont Försiktig Class SA dDanske Invest Allocation SICAV
Horisont Offensiv Class SADanske Invest Allocation SICAV
Horisont Offensiv Class SA dDanske Invest Allocation SICAV
Horisont Ränta Class SADanske Invest Allocation SICAV
Horisont Ränta Class SA dDanske Invest Allocation SICAV
India Class ADanske Invest SICAV
Japan Class ADanske Invest SICAV
Nordic 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 SICAV
Sverige Beta Class SADanske Invest SICAV
Sverige Beta Class SA dDanske 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
Sweden Class ADanske Invest SICAV
Swedish Bond Class ADanske Invest SICAV
Trans-Balkan 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.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 111.69
Historical return is no reliable indicator of future return.
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Manager

Joe Lind

Title: Portfolio Manager
Background: CFA, B.A. (Harvard University)
Years of experience: 18

DDJ Capital Management, LLC

DDJ Capital Management, LLC is a Massachusetts-based independently owned investment manager founded in 1996. DDJ Capital Management, LLC specializes in investments within the credit markets and their investment team has extensive experience investing in securities issued by non-investment grade companies, including high yield bonds.

Asset allocation as of 31.10.2017


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

Holdings as of 31.10.2017

Name of investment/security Weight Type Currency Country ISIN code
7,75 HRG GROUP INC. 15/1-2014/2022 000000000000004.154.15% Bonds USD USA US40434JAC45
6,25 FORUM ENERGY TECHNOLOGIES 1/10-2014/2021 000000000000002.612.61% Bonds USD USA US34984VAB62
6,50 CLEAR CHANNEL WORLDWIDE 2013-15.11.2022 000000000000002.552.55% Bonds USD USA US18451QAL23
7,875 GTT COMMUNICATIO 31/12-2016/2024 000000000000002.272.27% Bonds USD USA US362393AA80
7,50 CENTURY ALUMINIUM COMP. 1/6-2013/2021 000000000000002.132.13% Bonds USD USA US156431AK47
6,375 ZAYO GR LLC/ZAYO CAP INC 15/5-2015/2025 000000000000002.012.01% Bonds USD USA US989194AL96
7,875 EXTRACTION OIL&G 15/07-2016/2021 000000000000002.012.01% Bonds USD USA US30227LAA52
7,375 JDA ECW/FNCE 15/10-2016/2024 000000000000001.971.97% Bonds USD USA US47215YAA55
IM 4.95 12/15/24 000000000000001.931.93% Bonds USD USA US457153AG90
5,375 FIRSTCASH INC 01/06-2017/2024 000000000000001.891.89% Bonds USD USA US33767DAA37
View entire list
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

  • Ongoing charge1.60%
  • Performance fee0%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%
US High Yield Bond Class A-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1116406023
    Sustainability profile Medium (actively managed)
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    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 19.03.2015
    Bloomberg ticker DANUHYA LX
    Wertpapierkennnummer WKN A14QN5
    Marketing permission in Luxembourg, Germany, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area North America
    Benchmark Bloomberg-Barclays US High Yield Ba/B Cash Pay ex Financial Index (hedged into the respective class currency).
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. USD as of 30.11.2017 25.93
    Net asset value (NAV) EUR as of 11.04.2017 10.397
    Duration as of 30.11.2017 3.29
    Yield to maturity as of 30.11.2017 5.42
  • 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 3.48
    Volatility 3.27
    Tracking Error 5.66
    Information Ratio -0.82
    Calculation is based on end-of-month data.
  • Download documents

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