Danske Invest SICAV

Danish Mortgage Bond Class A-eur h

Funds promoting environmental or social characteristics - ISIN: LU0739644747
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

9.703

NAV as of 18.06.2024

+0.03%

Return 1 day

+0.10%

Return 1 month

-0.14%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve a performance that is at least equal to that of long-term Danish bonds. The share class is accumulating.

Investment policy

The fund invests mainly in highly rated investment grade mortgage bonds that are denominated in Danish Krone (DKK).

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 usually invests in securities that are rated AAA (or similar) at the time of purchase. However, it may hold securities with a lower credit rating.

In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment characteristics.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.

The total modified duration, including cash and the adjustment for estimated premature redemption risk, ranges from 3 to 9 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

Danish Mortgage Bond Class A-eur 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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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
10 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.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 105.42
3 years runningEUR 83.90
5 years runningEUR 81.01
7 years runningEUR 85.67
10 years runningEUR 90.96
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

Ulrik Carstens

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 24

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 30.04.2024

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Danish Mortgage Bond Class A-eur h

Holdings as of 30.04.2024

Name of investment/security Weight Type Currency Country ISIN code
INTL BK RECON & DEVELOP 0.2% 15.11.2039 000000000000008.998.99% Bonds DKK USA XS2086462657
3.00% 3,0RD28SFL53 53 000000000000007.157.15% Bonds DKK Denmark DK0004623147
2,00 NYKREDIT (TOT) 01E3 2053 000000000000005.985.98% Bonds DKK Denmark DK0009532889
0.50% 0,5 pct 111. 40 000000000000005.165.16% Bonds DKK Denmark DK0009397812
3.00% 3NYK01E30DA5 53 000000000000005.055.05% Bonds DKK Denmark DK0009535205
1,50 REALKREDIT DANMARK 28S SA 2053 000000000000004.634.63% Bonds DKK Denmark DK0004619038
2,00 JYSKE REALKREDIT 411.E OA 2053 000000000000004.434.43% Bonds DKK Denmark DK0009406076
VAR. REALKREDIT DANMARK 41S.R.O.A 2039 000000000000003.713.71% Bonds DKK Denmark DK0009278806
1,00 JYSKE REALKREDIT 411.E.OA 30 2053 000000000000003.243.24% Bonds DKK Denmark DK0009405185
1,00 DANMARKS SKIBSKREDIT (INK) 1SKE 2030 000000000000003.053.05% Bonds DKK Denmark DK0004132917
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.
Danish Mortgage Bond Class A-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0739644747
    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 EUR
    Price method Single Price
    Legal type UCITS
    Launch date 10.07.2012
    Bloomberg ticker FNDAHAE LX
    Wertpapierkennnummer A1JWSX
    Marketing permission Luxembourg, Germany
    Class of Danish Mortgage Bond
    Other classes Danish Mortgage Bond Class A
    Danish Mortgage Bond Class A d
    Danish Mortgage Bond Class A-nok h
    Danish Mortgage Bond Class A-sek h
    Danish Mortgage Bond Class I
    Danish Mortgage Bond Class I-eur h
    Danish Mortgage Bond Class I-eur h d
    Danish Mortgage Bond Class WI-sek h
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Denmark
    Benchmark The fund has no benchmark.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. DKK as of 18.06.2024 837.19
    Shareclass total assets, mill. EUR as of 18.06.2024 0.36
    Net asset value (NAV) EUR as of 18.06.2024 9.703
    Duration as of 31.05.2024 8.11
    Yield to maturity as of 31.05.2024 3.52
  • 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 (%) 5.42 -5.68 -4.13 -2.18 -0.94
    Sharpe Ratio -0.76 -0.63 -0.39 -0.21
    Volatility 10.20 8.16 7.04 6.06
    Calculation is based on end-of-month data.
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