Danske Invest SICAV

Global Corporate Sustainable Bond Class I

Funds with a sustainable objective - ISIN: LU2019293690
Documents
Factsheet
PRIIPs KID
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

8.634

NAV as of 07.02.2023

-0.28%

Return 1 day

+1.21%

Return 1 month

+2.75%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance and contribute positively to one or more UN Sustainable Development Goals. The share class is accumulating.

Investment policy

The fund invests mainly in corporate bonds from issuers in the OECD.

The fund is categorised as article 9 under SFDR and has a sustainable investment objective. In addition, the fund also promotes environmental and/or social characteristics through screening, restrictions, 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 rating lower than Baa3/BBB- (or similar) or unrated: 25%, debt instruments with a rating of Caa1/CCC+ (or similar) or lower: 10%.

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 with a sustainable investment objective (Article 9)
Funds with a sustainable investment objective target to invest in economic activities that contribute to a sustainable objective. Such objectives include decarbonisation, greenhouse gas emissions, biodiversity, circular economy, or other environmental Sustainable Development Goals (SDGs). The funds can also invest in economic activities that contribute to a social objective – for instance social integration, labour relations, or human capital – or they can contribute to social SDGs in other ways. Moreover, these investments do no significant harm to sustainable objectives.

These funds comply with article 9 of the EU’s Sustainable Finance Disclosure Regulation.


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

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

to
Compare with other fund ...
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Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
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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

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
3 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 87.46
3 years runningEUR 86.04
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

Kristian Rønde Hefting

Title: M.Sc. (Applied Economics and Finance)
Background: Senior Portfolio Manager
Years of experience: 10

Danske Bank Asset Management

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 30.12.2022

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

Holdings as of 30.12.2022

Name of investment/security Weight Type Currency Country ISIN code
DEUTSCHE BANK NY 1.686% 19.03.2026 000000000000002.362.36% Bonds USD USA US25160PAF45
DE VOLKSBANK NV 22.10.2030 000000000000001.971.97% Bonds EUR Netherlands XS2202902636
BNP PARIBAS 30.06.2027 000000000000001.771.77% Bonds USD France US09659W2Q64
CANADIAN IMPERIAL BANK 0.95% 23.10.2025 000000000000001.711.71% Bonds USD Canada US13607GRR73
NATWEST GROUP PLC 26.02.2030 000000000000001.591.59% Bonds EUR United Kingdom XS2307853098
FIFTH THIRD BANCORP 01.11.2027 000000000000001.551.55% Bonds USD USA US316773DD98
VENA ENERGY CAP PTE LTD 3.133% 26.02.2025 000000000000001.361.36% Bonds USD Singapore XS2122900330
ENEL FINANCE INTL NV 5% 15.06.2032 000000000000001.341.34% Bonds USD Netherlands USN30707AQ19
HYUNDAI CAPITAL SERVICES 2.5% 24.01.2027 000000000000001.301.30% Bonds USD South Korea USY3815NBF79
AIB GROUP PLC 30.05.2031 000000000000001.271.27% Bonds EUR Ireland XS2230399441
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.
Global Corporate Sustainable Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU2019293690
    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 RBC Investor Services Bank S.A
    Minimum initial investment EUR 100,000
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 10.10.2019
    Bloomberg ticker DGCSBIE LX
    Marketing permission Luxembourg, Sweden, Finland, Denmark
    Class of Global Corporate Sustainable Bond
    Other classes Global Corporate Sustainable Bond Class A
    Global Corporate Sustainable Bond Class A-nok h
    Global Corporate Sustainable Bond Class A-sek h
    Global Corporate Sustainable Bond Class I-nok h
    Global Corporate Sustainable Bond Class I-sek h
    Global Corporate Sustainable Bond Class WA-sek h
    Global Corporate Sustainable Bond Class WI-sek h
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Global
    Benchmark Bloomberg Global Aggregate Corporate 1Bln+ (hedged into the respective class currency)
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Shareclass total assets, mill. EUR as of 07.02.2023 0.04
    Net asset value (NAV) EUR as of 07.02.2023 8.634
    Duration as of 31.01.2023 5.89
    Yield to maturity as of 31.01.2023 4.70
  • Risk key figures as of 31.01.2023

    Risk key figures as of 31.01.2023

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -12.54 -4.89
    Sharpe Ratio -0.57
    Volatility 8.69
    Tracking Error 0.98
    Information Ratio -1.05
    Calculation is based on end-of-month data.
  • Download documents

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