Danske Invest SICAV

Nordic Corporate Bond Class I-nok h

Funds promoting environmental or social characteristics - ISIN: LU1773285967
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

118.19

NAV as of 06.12.2024

-0.11%

Return 1 day

+0.92%

Return 1 month

+7.02%

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.

The main part of the share class' NAV will be hedged against the base currency of the fund. However, the share class remains exposed to the currencies of the investments in the fund.

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-nok h
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
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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

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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
kr

0 years
years
6 years
years

kr

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

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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Value of NOK 100

PeriodeVærdi
1 year runningNOK 108.84
3 years runningNOK 107.91
5 years runningNOK 113.02
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: Chief 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, 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 31.10.2024

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-nok h

Holdings as of 31.10.2024

Name of investment/security Weight Type Currency Country ISIN code
GN STORE NORD 0.875% 25.11.2024 000000000000002.082.08% Bonds EUR Denmark XS2412258522
DNB Bank ASA 19/PERP ADJ USD C HYBRID 000000000000001.371.37% Bonds USD Norway XS2075280995
ELLEVIO AB 4.125% 07.03.2034 000000000000001.251.25% Bonds EUR Sweden XS2777383840
ARBEJDERNES LANDSBANK 14.03.2029 000000000000001.251.25% Bonds EUR Denmark DK0030537840
ISS GLOBAL A/S 3.875% 05.06.2029 000000000000001.221.22% Bonds EUR Denmark XS2832954270
MANDATUM LIFE INSURANCE 04.12.2039 000000000000001.201.20% Bonds EUR Finland XS2831536227
Avinor AS 24/34 3,50% C 000000000000001.201.20% Bonds EUR Norway XS2825539617
SYDBANK A/S FRN 06.09.2035 000000000000001.191.19% Bonds EUR Denmark XS2893024765
TDC NET AS 6.5% 01.06.2031 000000000000001.191.19% Bonds EUR Denmark XS2615584328
SANOMA OYJ 4% 13.09.2027 000000000000001.191.19% Bonds EUR Finland FI4000578166
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-nok h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1773285967
    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 NOK
    Price method Single Price
    Legal type UCITS
    Launch date 15.06.2018
    Bloomberg ticker DINOINH LX
    Marketing permission Luxembourg, Sweden, Norway
    Class of Nordic Corporate Bond
    Other classes Nordic Corporate Bond Class A
    Nordic Corporate Bond Class A-sek h d
    Nordic Corporate Bond Class I
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Nordic
    Benchmark Bloomberg Global Corporate Scand All Grades Index, 5% issuer capped (hedged into the respective share class currency)
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 06.12.2024 40.83
    Shareclass total assets, mill. NOK as of 06.12.2024 142.63
    Net asset value (NAV) NOK as of 06.12.2024 118.19
    Duration as of 29.11.2024 2.92
    Yield to maturity as of 29.11.2024 3.75
  • Risk key figures as of 29.11.2024

    Risk key figures as of 29.11.2024

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 8.84 2.57 2.48
    Sharpe Ratio
    Volatility 3.71 4.95
    Tracking Error 2.62 2.19
    Information Ratio 0.76 0.59
    Calculation is based on end-of-month data.
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