Danske Invest SICAV

Euro Investment Grade Corporate Bond Class A-sek h

Morningstar Rating : - Funds promoting environmental or social characteristics - ISIN: LU0178670161
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

157.49

NAV as of 17.06.2024

-0.28%

Return 1 day

+0.21%

Return 1 month

+0.65%

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 investment grade bonds from anywhere in the world.

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.

Specifically, the fund invests at least two-thirds of net assets in corporate bonds and other debt instruments that are traded on a regulated market and are rated from A1/A+ to Baa3/BBB- (or similar). The fund may invest up to 10% of net assets in below investment grade bonds that are rated from Ba1/BB+ to B3/B- (or similar).

In actively managing the fund’s portfolio, the management team selects securities from a wide range of companies and sectors 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.

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

Euro Investment Grade Corporate Bond Class A-sek h
Benchmark
Return
Monthly return
Annual return
Return (12 M rolling)
Monthly excess return compared to benchmark
1 year
3 years
5 years
10 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.
This fund was previously launched under Danske Invest, a Luxembourg fonds commun de placement. The chart reflects the fund's past performance prior to the merger of the fund into the Danske Invest SICAV structure in March 2017.

Risk indicator

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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
10 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 SEK 100

PeriodeVærdi
1 year runningSEK 105.67
3 years runningSEK 91.99
5 years runningSEK 95.65
7 years runningSEK 98.88
10 years runningSEK 107.81
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

Alfred Meinema & Roel Jansen

Goldman Sachs Asset Management is one of the world’s leading investment managers, providing investment advice and products across all core asset classes. The individual investment teams and portfolio managers are based in strategic locations all over the world.

Goldman Sachs Asset Management’s overarching investment philosophy is founded on the belief that consistent long-term positive performance can be generated by employing a broad array of diverse investment opportunities, combined with disciplined portfolio risk management.

Asset allocation as of 30.04.2024

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Euro Investment Grade Corporate Bond Class A-sek h

Holdings as of 30.04.2024

Name of investment/security Weight Type Currency Country ISIN code
VOLKSWAGEN BANK GMBH 2.5% 31.07.2026 000000000000002.242.24% Bonds EUR Germany XS1944390597
BANQUE FED CRED MUTUEL 3.125% 14.09.2027 000000000000001.611.61% Bonds EUR France FR001400CMY0
GN STORE NORD 0.875% 25.11.2024 000000000000001.581.58% Bonds EUR Denmark XS2412258522
ING GROEP NV 23.05.2029 000000000000001.511.51% Bonds EUR Netherlands XS2624976077
VONOVIA SE 0.375% 16.06.2027 000000000000001.431.43% Bonds EUR Germany DE000A3E5MG8
CARLSBERG BREWERIES A/S 4% 05.10.2028 000000000000001.361.36% Bonds EUR Denmark XS2696046460
OMV AG PERP 000000000000001.311.31% Bonds EUR Austria XS2224439385
SANDOZ FINANCE B.V. 4.22% 17.04.2030 000000000000001.221.22% Bonds EUR Netherlands XS2715940891
INTESA SANPAOLO SPA 5.125% 29.08.2031 000000000000001.211.21% Bonds EUR Italy XS2673808726
ALD SA 3.875% 24.01.2028 000000000000001.191.19% Bonds EUR France FR001400NC70
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 Investment Grade Corporate Bond Class A-sek h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0178670161
    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
    Currency SEK
    Price method Single Price
    Legal type UCITS
    Launch date 01.12.2005
    Bloomberg ticker DFGLHSS LX
    Wertpapierkennnummer A1JRB5
    Marketing permission Finland, Sweden, Luxembourg, Norway, Denmark, Germany
    Class of Euro Investment Grade Corporate Bond
    Other classes Euro Investment Grade Corporate Bond Class A
    Euro Investment Grade Corporate Bond Class A-nok h
    Euro Investment Grade Corporate Bond Class A-sek
    Euro Investment Grade Corporate Bond Class I
    Euro Investment Grade Corporate Bond Class WA
    Euro Investment Grade Corporate Bond Class WA-nok h
    Euro Investment Grade Corporate Bond Class WA-sek h
    Euro Investment Grade Corporate Bond Class WI-sek h
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Global
    Benchmark Bloomberg Capital Euro-Aggregate 500MM Corp A-BBB Index.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 17.06.2024 598.89
    Shareclass total assets, mill. SEK as of 17.06.2024 265.12
    Net asset value (NAV) SEK as of 17.06.2024 157.49
    Duration as of 31.05.2024 4.47
    Yield to maturity as of 31.05.2024 4.03
  • Risk key figures as of 31.05.2024

    Risk key figures as of 31.05.2024

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 5.67 -2.75 -0.89 -0.16 0.76
    Sharpe Ratio -0.76 -0.33 -0.17 0.06
    Volatility 6.57 6.52 5.60 5.03
    Tracking Error 0.69 0.61 0.58 0.71
    Information Ratio -0.81 -0.97 -0.81 -0.53
    Calculation is based on end-of-month data.
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