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Danske Invest SICAV

Euro High Yield Bond Class A d

Morningstar Rating : - Funds promoting environmental or social characteristics - ISIN: LU1204911728
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

10.061

NAV as of 30.11.2023

+0.16%

Return 1 day

+2.14%

Return 1 month

+6.64%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. Dividends are normally distributed to investors each year.

Investment policy

The fund invests mainly in below investment grade (high yield) corporate bonds from anywhere in the world, including emerging markets, that are denominated in Euro (EUR) and issued by companies that have a positive or an improving ESG (environment, social and governance) profile.


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 may invest in, or be exposed to, the following investments up to the percentage of net assets indicated: bonds with a minimum rating of Baa3/BBB- (or similar): 50%, debt instruments with a rating of Caa1/CCC+ (or similar) or lower: 20%.

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 duration, including cash, is the benchmark duration plus or minus 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

Euro High Yield Bond Class A d
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Aktiv Förmögenhetsförvaltning Class SADanske Invest SICAV
Aktiv Förmögenhetsförvaltning Class SA dDanske Invest SICAV
Basic 80 Class WA-dkkDanske Invest Allocation
China Class ADanske Invest SICAV
China Class A-nokDanske Invest SICAV
China Class A-sekDanske Invest SICAV
Danish Bond Class ADanske Invest SICAV
Danish Bond Class A dDanske Invest SICAV
Danish Mortgage Bond Class ADanske Invest SICAV
Danish Mortgage Bond Class A dDanske Invest SICAV
Denmark Focus Class ADanske Invest SICAV
Denmark Focus Class A-nokDanske Invest SICAV
Emerging Markets Debt Hard Currency Class ADanske Invest SICAV
Emerging Markets Sustainable Future Class ADanske Invest SICAV
Euro High Yield Bond Class ADanske Invest SICAV
Euro High Yield Bond Class A-sek hDanske Invest SICAV
Euro Investment Grade Corporate Bond Class ADanske Invest SICAV
Euro Investment Grade Corporate Bond Class A-sekDanske Invest SICAV
Europe Class ADanske Invest SICAV
Europe Class A-sekDanske Invest SICAV
Europe Class SA-sekDanske Invest SICAV
Europe High Dividend Class ADanske Invest SICAV
Europe High Dividend Class A-sekDanske Invest SICAV
Europe Small Cap Class ADanske Invest SICAV
Europe Small Cap Class A-nokDanske Invest SICAV
Europe Small Cap Class A-sekDanske Invest SICAV
European Corporate Sustainable Bond Class ADanske Invest SICAV
European Corporate Sustainable Bond Class A dDanske Invest SICAV
Global Corporate Sustainable Bond Class ADanske Invest SICAV
Global Corporate Sustainable Bond Class A-nok hDanske Invest SICAV
Global Corporate Sustainable Bond Class A-sek hDanske Invest SICAV
Global Emerging Markets Class ADanske Invest SICAV
Global Emerging Markets Class A-nokDanske Invest SICAV
Global Emerging Markets Class A-sekDanske Invest SICAV
Global Emerging Markets Small Cap Class ADanske Invest SICAV
Global Emerging Markets Small Cap Class A-sekDanske Invest SICAV
Global Index Class SADanske Invest SICAV
Global Index Restricted Class SADanske Invest SICAV
Global Index Restricted Class SA dDanske Invest SICAV
Global Index Restricted Class SA-nok hDanske Invest SICAV
Global Inflation Linked Bond Class ADanske Invest SICAV
Global Inflation Linked Bond Class A dDanske Invest SICAV
Global Inflation Linked Bond Class A-sek hDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class ADanske Invest SICAV
Global Inflation Linked Bond Short Duration Class A dDanske Invest SICAV
Global Sustainable Future Class ADanske Invest SICAV
Global Sustainable Future Class A-nokDanske Invest SICAV
Global Sustainable Future Class A-sekDanske Invest SICAV
Horisont Aktie Class SADanske Invest Allocation
Horisont Aktie Class SA dDanske Invest Allocation
Horisont Balanserad Class SADanske Invest Allocation
Horisont Balanserad Class SA dDanske Invest Allocation
Horisont Försiktig Class SADanske Invest Allocation
Horisont Försiktig Class SA dDanske Invest Allocation
Horisont Offensiv Class SADanske Invest Allocation
Horisont Offensiv Class SA dDanske Invest Allocation
Horisont Ränta Class SADanske Invest Allocation
Horisont Ränta Class SA dDanske Invest Allocation
India Class ADanske Invest SICAV
India Class A-sekDanske Invest SICAV
Japan Class ADanske Invest SICAV
Japan Class A-sekDanske Invest SICAV
June Balanced Screened Class A-dkkDanske Invest Allocation
June Balanced Screened Class A-sek hDanske Invest Allocation
June Equity Screened Class A-dkkDanske Invest Allocation
June Equity Screened Class A-sek hDanske Invest Allocation
June Moderate Screened Class A-dkkDanske Invest Allocation
June Moderate Screened Class A-sek hDanske Invest Allocation
June Opportunity Screened Class A-dkkDanske Invest Allocation
June Opportunity Screened Class A-sek hDanske Invest Allocation
June Progressive Screened Class A-dkkDanske Invest Allocation
June Progressive Screened Class A-sek hDanske Invest Allocation
Multi Asset Inflation Strategy Class ADanske Invest SICAV
Multi Asset Inflation Strategy Class A-sek hDanske Invest SICAV
Nordic Corporate Bond Class ADanske Invest SICAV
Nordic Corporate Bond Class A dDanske Invest SICAV
Sverige Beta Class SADanske Invest SICAV
Sverige Beta Class SA dDanske Invest SICAV
Sverige Class ADanske Invest SICAV
Sverige Class SADanske Invest SICAV
Sverige Class SA dDanske Invest SICAV
Sverige Kort Ränta Class SADanske Invest SICAV
Sverige Kort Ränta Class SA dDanske Invest SICAV
Sverige Ränta Class SADanske Invest SICAV
Sverige Ränta Class SA dDanske Invest SICAV
Sverige Småbolag Class SADanske Invest SICAV
Sverige Småbolag Class SA dDanske 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

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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
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 €

0 years
years
8 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 107.65
3 years runningEUR 99.48
5 years runningEUR 102.38
7 years runningEUR 109.68
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: Senior Portfolio Manager
Background: M.sc. (Applied Economics & Finance)
Years of experience: 19

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 31.10.2023

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Euro High Yield Bond Class A d

Holdings as of 31.10.2023

Name of investment/security Weight Type Currency Country ISIN code
LUMINOR BANK 08.06.2027 000000000000004.724.72% Bonds EUR Estonia XS2633112565
INTESA SANPAOLO SPA 04.03.2029 000000000000004.624.62% Bonds EUR Italy XS1958656552
CHEPLAPHARM ARZNEIMITTEL 7.5% 15.05.2030 000000000000004.604.60% Bonds EUR Germany XS2618867159
ACCOR SA PERP 000000000000004.534.53% Bonds EUR France FR001400L5X1
OI EUROPEAN GROUP BV 6.25% 15.05.2028 000000000000004.524.52% Bonds EUR Netherlands XS2624554320
COTY INC 5.75% 15.09.2028 000000000000004.514.51% Bonds EUR USA XS2688529135
UNIPOLSAI ASSICURAZIONI PERP 000000000000004.494.49% Bonds EUR Italy XS1078235733
DOUGLAS GMBH 6% 08.04.2026 000000000000004.274.27% Bonds EUR Germany XS2326497802
ALMAVIVA THE ITALIAN INN 4.875% 30.10.2026 000000000000004.274.27% Bonds EUR Italy XS2403514479
EUROFINS SCIENTIFIC SE PERP 000000000000004.264.26% Bonds EUR Luxembourg XS1716945586
View entire list
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

  • Ongoing charge1.27%
  • Performance fee0.00%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Euro High Yield Bond Class A d

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Taxation year Dividend date Payment date Dividend type Amount
    2022 24.04.2023 27.04.2023 Normal EUR 0.10
    2021 25.04.2022 28.04.2022 Normal EUR 0.20
    2020 26.04.2021 28.04.2021 Normal EUR 0.11
    2019 27.04.2020 29.04.2020 Normal EUR 0.56
  • Basic information

    Basic information

    ISIN code LU1204911728
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends Yes
    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 16.06.2015
    Bloomberg ticker DANYHAD LX
    Wertpapierkennnummer A14U9J
    Marketing permission Luxembourg
    Class of Euro High Yield Bond
    Other classes Euro High Yield Bond Class A
    Euro High Yield Bond Class A-sek h
    Euro High Yield Bond Class I
    Euro High Yield Bond Class WA
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Bloomberg Capital Euro High Yield 3% Issuer Capped Index in EUR.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 29.11.2023 2.27
    Shareclass total assets, mill. EUR as of 23.11.2023 0.01
    Net asset value (NAV) EUR as of 30.11.2023 10.061
    Duration as of 31.10.2023 2.91
    Yield to maturity as of 31.10.2023 8.37
  • Risk key figures as of 31.10.2023

    Risk key figures as of 31.10.2023

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 7.65 -0.18 0.47 1.33
    Sharpe Ratio -0.14 0.01 0.14
    Volatility 7.79 9.42 8.16
    Tracking Error 1.81 1.64 1.47
    Information Ratio -0.61 -0.74 -0.52
    Calculation is based on end-of-month data.
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