Danske Invest SICAV

Nordic Corporate Bond Class I

Morningstar Rating : - Funds promoting environmental or social characteristics - ISIN: LU1116404671
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

11.148

NAV as of 29.02.2024

+0.08%

Return 1 day

-0.15%

Return 1 month

+0.34%

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.

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’s weighted average credit rating is Baa3/BBB- or higher. The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated: bonds with a rating lower than Baa3/BBB- (or similar): 50%.

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 modified duration, including cash, ranges from 0 to the benchmark duration plus 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

Nordic Corporate Bond Class I
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
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Danish Mortgage Bond Class IDanske Invest SICAV
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Danish Mortgage Bond Class I-eur hDanske Invest SICAV
Danish Mortgage Bond Class I-eur h dDanske Invest SICAV
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Emerging Markets Debt Hard Currency Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur hDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur h dDanske Invest SICAV
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Emerging Markets Sustainable Future 2 Class BDanske Invest SICAV - SIF
Emerging Markets Sustainable Future 2 Class DDanske Invest SICAV - SIF
Emerging Markets Sustainable Future 2 Class D dDanske Invest SICAV - SIF
Emerging Markets Sustainable Future Class IDanske Invest SICAV
Euro High Yield Bond Class I Danske Invest SICAV
Euro Investment Grade Corporate Bond Class IDanske Invest SICAV
Europe Class IDanske Invest SICAV
Europe Class SI-sekDanske Invest SICAV
Europe High Dividend Class IDanske Invest SICAV
Europe Long-Short Equity Factors Class I pDanske Invest SICAV
Europe Small Cap Class IDanske Invest SICAV
European Corporate Sustainable Bond Class IDanske Invest SICAV
European Corporate Sustainable Bond Class I-dkk h dDanske Invest SICAV
European Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
European Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Corporate Sustainable Bond Class IDanske Invest SICAV
Global Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
Global Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Emerging Markets Class IDanske Invest SICAV
Global Emerging Markets Class I-sekDanske Invest SICAV
Global Emerging Markets Small Cap Class IDanske Invest SICAV
Global Index Class I-dkkDanske Invest SICAV
Global Index Class I-eurDanske Invest SICAV
Global Index Class I-nokDanske Invest SICAV
Global Index Class SIDanske Invest SICAV
Global Index Restricted Class SIDanske Invest SICAV
Global Index Restricted Class SI dDanske Invest SICAV
Global Inflation Linked Bond Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I dDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I-nok hDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I-sek hDanske Invest SICAV
Global Sustainable Future Class IDanske Invest SICAV
Global Sustainable Future Class I dDanske Invest SICAV
Global Sustainable Future Class I-sekDanske Invest SICAV
Horisont Aktie Class SIDanske Invest Allocation
Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
Horisont Ränta Class SIDanske Invest Allocation
Japan Class IDanske Invest SICAV
Multi Asset Inflation Strategy Class IDanske Invest SICAV
Nordic Corporate Bond Class I-nok hDanske Invest SICAV
Sverige Beta Class SIDanske Invest SICAV
Sverige Class SIDanske Invest SICAV
Sverige Kort Ränta Class SIDanske Invest SICAV
Sverige Kort Ränta Class SI dDanske Invest SICAV
Sverige Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
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

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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
9 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 105.65
3 years runningEUR 99.99
5 years runningEUR 104.83
7 years runningEUR 108.20
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

Andreas Dankel & Teemu Liikanen

Title: Chief Portfolio Manager/Head of Fixed Income Finland
Background: M.Sc./KTM, CEFA

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 equity holdings.
Please note that all holdings are delayed with 1 month.
Nordic Corporate Bond Class I

Holdings as of 31.01.2024

Name of investment/security Weight Type Currency Country ISIN code
SYDBANK A/S 10.11.2026 000000000000001.741.74% Bonds EUR Denmark XS2405390043
LANDSBANKINN HF 0.375% 23.05.2025 000000000000001.731.73% Bonds EUR Iceland XS2306621934
LANDSHYPOTEK BANK AB 3.6% 25.04.2028 000000000000001.721.72% Bonds SEK Sweden SE0015810965
GN STORE NORD 0.875% 25.11.2024 000000000000001.701.70% Bonds EUR Denmark XS2412258522
DNB Bank ASA 19/PERP ADJ USD C HYBRID 000000000000001.691.69% Bonds USD Norway XS2075280995
SIRIUSPOINT LTD FRN 22.09.2047 000000000000001.581.58% Bonds SEK Bermuda XS1683455429
SVENSKA HANDELSBANKEN AB 01.06.2033 000000000000001.531.53% Bonds EUR Sweden XS2486857431
SWEDBANK AB 1.3% 17.02.2027 000000000000001.451.45% Bonds EUR Sweden XS2443485565
COREM PROPERTY GRP AB FRN 07.05.2026 000000000000001.371.37% Bonds SEK Sweden SE0021514429
Spb 1 SR-Bank ASA 23/28 4,875% 000000000000001.321.32% Bonds EUR Norway XS2671251127
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 I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1116404671
    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 15.12.2014
    Bloomberg ticker DINOCOI LX
    Wertpapierkennnummer A12HPS
    Marketing permission Finland, Sweden, Luxembourg, Denmark
    Class of Nordic Corporate Bond
    Other classes Nordic Corporate Bond Class A
    Nordic Corporate Bond Class A d
    Nordic Corporate Bond Class A-sek h d
    Nordic Corporate Bond Class I-nok h
    Nordic Corporate Bond Class WA
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Nordic
    Benchmark Bloomberg 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 29.02.2024 32.23
    Shareclass total assets, mill. EUR as of 29.02.2024 23.04
    Net asset value (NAV) EUR as of 29.02.2024 11.148
    Duration as of 31.01.2024 2.12
    Yield to maturity as of 31.01.2024 4.99
  • Risk key figures as of 31.01.2024

    Risk key figures as of 31.01.2024

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 5.65 -0.00 0.95 1.13
    Sharpe Ratio -0.38 0.07 0.19
    Volatility 3.53 4.93 4.21
    Tracking Error 2.59 2.28 2.02
    Information Ratio 0.87 0.39 0.38
    Calculation is based on end-of-month data.
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