Danske Invest SICAV

Euro High Yield Bond Class I

Funds promoting environmental or social characteristics - ISIN: LU0923470016
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

11.664

NAV as of 31.12.2022

+0.00%

Return 7 days

+0.52%

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 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 ESG (environment, social and governance) profile.


The fund is categorised as article 8 under SFDR and promotes environmental and/or social characteristics, as well as good governance practices, through screening, exclusions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest's responsible investment policy.

The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated: bonds with a minimum rating of Baa3/BBB- (or similar): 50%, debt instruments with a rating of Caa1/CCC+ (or similar) or lower: 20%.

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 for investment purposes.

The total duration, including cash, is the benchmark duration plus or minus 2 years.

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

Funds promoting environmental or social characteristics (Article 8)
This type of fund promotes environmental (E) or social (S) conditions and ensures good governance practices (G). Depending on the fund's investment strategy, this may be done through screening, exclusion, inclusion and active ownership. The funds may partially invest in sustainable investments, but making sustainable investments is not their goal.
Funds that promote environmental or social characteristics are subject to the disclosure requirements set out in Article 8 of the EU's regulation on sustainability-related disclosures in the financial services sector.

Return

Euro High Yield Bond Class I
Benchmark
Return
Monthly return
Annual return
Return (12 M rolling)
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
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Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.

Risk indicator

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Higher risk

Typically lower return

Typically higher return

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The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.

This classification may change and may not reliably indicate the future risk profile of the fund. The lowest category does not mean risk free.

This product does not include any protection from future market performance so you could lose some or all of your investment.
 

Value of
Click to change the amount

0 years
years
6 years
years

of which n/a € in dividends.
Total charges during the period:
n/a €.

Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 89.56
3 years runningEUR 95.54
5 years runningEUR 100.03
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Manager

Cecilie Hoffmeyer

Title: Senior Portfolio Manager
Background: M.sc. (Applied Economics & Finance)
Years of experience: 20

Danske Bank Asset Management is an international asset manager and part 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 31.01.2024

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

Holdings as of 31.01.2024

Name of investment/security Weight Type Currency Country ISIN code
ABANCA CORP BANCARIA SA 23.09.2033 000000000000004.694.69% Bonds EUR Spain ES0265936049
NEXANS SA 5.5% 05.04.2028 000000000000004.614.61% Bonds EUR France FR001400H0F5
CHEPLAPHARM ARZNEIMITTEL 7.5% 15.05.2030 000000000000004.494.49% Bonds EUR Germany XS2618867159
COTY INC 5.75% 15.09.2028 000000000000004.464.46% Bonds EUR USA XS2688529135
OI EUROPEAN GROUP BV 6.25% 15.05.2028 000000000000004.424.42% Bonds EUR Netherlands XS2624554320
INTESA SANPAOLO SPA 04.03.2029 000000000000004.414.41% Bonds EUR Italy XS1958656552
UNIPOLSAI ASSICURAZIONI PERP 000000000000004.344.34% Bonds EUR Italy XS1078235733
ILIAD SA 5.375% 15.02.2029 000000000000004.324.32% Bonds EUR France FR001400MLX3
CROWN EURO HOLDINGS SA 4.75% 15.03.2029 000000000000004.284.28% Bonds EUR France XS2730661100
ABERTIS FINANCE BV PERP 000000000000004.184.18% Bonds EUR Netherlands XS2256949749
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 High Yield Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0923470016
    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 J.P. Morgan
    Minimum initial investment EUR 100,000
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 13.04.2016
    Bloomberg ticker DANYHIC LX
    Wertpapierkennnummer A2AG3S
    Marketing permission Luxembourg
    Class of Euro High Yield Bond
    Other classes Euro High Yield Bond Class A
    Euro High Yield Bond Class A d
    Euro High Yield Bond Class A-sek h
    Euro High Yield Bond Class WA
    Euro High Yield Bond Class WA-dkk d
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Bloomberg 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 29.02.2024 3.25
    Net asset value (NAV) EUR as of 31.12.2022 11.664
  • Risk key figures as of 31.12.2022

    Risk key figures as of 31.12.2022

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -10.44 -1.51 0.01
    Sharpe Ratio -0.12 0.03
    Volatility 11.62 9.35
    Tracking Error 1.75 1.48
    Information Ratio 0.21 -0.15
    Calculation is based on end-of-month data.
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