Danish Bonds
To overviewInvestment Strategy
The fund investment in Danish mortgage and government bonds with an absolute return target. The fund pursues two strategies. The primary strategy is to buy high coupon bonds and the secondary strategy is spread positions. Leverage will usually be in the interval of three to seven, with a maximum of ten. Interest rate risk is hedged with futures on German government bonds, options or DKK swaps. In effect, the sub funds risk is primarily that of premature redemptions and secondarily the spread risk between government and mortgage bonds. The fund is aimed at investors with above average risk willingness who wish an investment with low correlation to traditional asset classes.
Returns
Short Term Returns
| % | 1 week | 1 month | 3 months | 6 months |
|---|---|---|---|---|
| Danish Bonds | 1.24 | -0.02 | -11.13 | -25.43 |
Long Term Returns
| % | Year to Date | 1 year | 3 years ann. | 5 years ann. | Since inception ann. |
|---|---|---|---|---|---|
| Danish Bonds | -28.46 | -26.28 | -10.96 | -5.43 | 4.10 |
Risk Figures
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Sharpe | -0.70 | -0.40 | 0.21 |
| Standard Deviation | 14.50 | 11.41 | 8.79 |
Risk Indicator
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Sensitivity
| Months | % | |
|---|---|---|
| Months w. positive returns | 135 mo. | 72.97% |
| Months w. negative returns | 50 mo. | 27.03% |
| Largest positive return | April 2022 | 8.58% |
| Largest negative return | March 2022 | -17.22% |
| Longest period of positive returns | 28 mo. | |
| Longest period of negative returns | 5 mo. |
| Longest period of positive returns | 28 mo. | |
|---|---|---|
| Longest period of negative returns | 5 mo. |
Information
| ISIN | DK0060153369 |
|---|---|
| Domicile | Denmark |
| Advisor | HP Fondsmæglerselskab |
| Administrator | Nykredit Portefølje Administration |
| Inception Date | 13-03-2007 |
| Depository | Nordea Bank Danmark |
| Risk indicator | Red |
| NAV (in mio. DKK) | 288.74 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
| Risk indicator | Red |
|---|---|
| NAV (in mio. DKK) | 288.74 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
Expenses
| Entry charges | 1.50% |
|---|---|
| Exit charges | 0.75% |
| Indirect transaction costs | 0.68% |
| Performance Fee | 0.00% |
| Ongoing charges | 2.26% |