Danske Invest SICAV

Euro Sustainable High Yield Bond Class A d

Morningstar Rating™ : - Sustainability : - ISIN: LU1204911728
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
ESG restriction report

10.388

NAV as of 16.10.2020

+0.12%

Return 1 day

-0.19%

Return 1 month

-2.17%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. Dividends are normally distributed to investors each year.

Investment policy

The fund invests mainly in below investment grade (high yield) corporate bonds from anywhere in the world, including emerging markets, that are denominated in Euro (EUR) and issued by companies that have a positive or an improving Environment, Social and Governance (ESG) profile.

Specifically, the fund invests at least two-thirds of net assets in bonds and other debt instruments that are traded on a regulated market and are denominated in EUR. While the fund invests mainly in below investment grade bonds, it may invest up 50% of net assets in bonds with a minimum rating of Baa3/BBB- (or similar).

In addition to the sustainable investment policy that applies to all funds in the SICAV, this fund seeks to minimise or avoid exposure to companies whose revenues mainly originate from sectors such as controversial weapons, tobacco, alcohol, pornography, fossil fuels and gambling.

In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment characteristics, using both financial and ESG criteria to assess risks and opportunities. 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 for investment purposes.

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.

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



Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Euro Sustainable High Yield Bond Class A d
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
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Euro Sustainable High Yield Bond Class ADanske Invest SICAV
Europe Class ADanske Invest SICAV
Europe Class SA-sekDanske 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 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 Ränta Class SADanske Invest SICAV
Sverige Ränta Class SA dDanske Invest SICAV
Sverige Småbolag Class SADanske 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.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 97.97
3 years runningEUR 101.28
5 years runningEUR 116.78
Historical return is no reliable indicator of future return.
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Manager

Cecilie Hoffmeyer

Title: Senior Portfolio Manager
Background: M.sc. (Applied Economics & Finance)
Years of experience: 16

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 31.08.2020

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

Holdings as of 31.08.2020

Name of investment/security Weight Type Currency Country ISIN code
VOD 3.1 01/03/79 000000000000001.851.85% Bonds EUR United Kingdom XS1888179477
4.375 ATLANTIA SPA 16/9-2010/2025 000000000000001.721.72% Bonds EUR Italy XS0542534192
EDP SA FRN 30/04-2019/2079 000000000000001.511.51% Bonds EUR Portugal PTEDPKOM0034
SRLEV NV FRN 15/4-11/2041 000000000000001.311.31% Bonds EUR Netherlands XS0616936372
DEUTSCHE BANK AG FRN 19/05-2020/2031 000000000000001.311.31% Bonds EUR Germany DE000DL19VB0
4,25 ZIGGO SECURED FI 15/01-2016/2027 000000000000001.301.30% Bonds EUR Netherlands XS1493836461
INTESA SANPAOLO SPA FRN PERP/CALL 000000000000001.271.27% Bonds EUR Italy XS2223762381
0,000001 TIM SPA 26/01-2018/2026 000000000000001.251.25% Bonds EUR Italy XS1846631049
3,875 HIPERCOR 19/01-2015/2022 000000000000001.241.24% Bonds EUR Spain XS1169199152
3,5 ADIENT GLOBAL HO 15/08-2016/2024 000000000000001.191.19% Bonds EUR USA XS1468662801
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.
Euro Sustainable High Yield Bond Class A d

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Taxation year Dividend date Payment date Dividend type Amount
    2019 27.04.2020 29.04.2020 Normal EUR 0.56
    2017 24.04.2018 26.04.2018 Normal EUR 0.57
  • Basic information

    Basic information

    ISIN code LU1204911728
    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 EUR
    Price method Single Price
    Legal type UCITS
    Launch date 16.06.2015
    Bloomberg ticker DANYHAD LX
    Wertpapierkennnummer A14U9J
    Marketing permission (Retail) Germany, Austria, Luxembourg, Switzerland
    Marketing permission (Professional) Austria, Germany, Luxembourg, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Bloomberg-Barclays Capital Euro High Yield 3% Issuer Capped Index in EUR.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 15.10.2020 60.34
    Net asset value (NAV) EUR as of 16.10.2020 10.388
    Duration as of 30.09.2020 3.66
    Yield to maturity as of 30.09.2020 4.55
  • Risk key figures as of 30.09.2020

    Risk key figures as of 30.09.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -2.03 0.43 3.15
    Sharpe Ratio 0.08 0.43
    Volatility 9.54 8.06
    Tracking Error 1.23 1.19
    Information Ratio -0.96 -0.90
    Calculation is based on end-of-month data.
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