Danish Bonds
To overviewInvestment Strategy
The fund investment in Danish mortgage and government bonds with a return target of CIBOR 12 + 5 % pa. over a 3-year period. 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
Annual Returns
Rotate your phone to view in full size| % | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Danish Bonds | -6.11 | 0.06 | 5.33 | 8.40 | 11.81 | -1.68 | 2.52 | 15.84 | 18.65 | 8.64 | 19.27 | 54.19 | -27.53 |
| Benchmark | 1.28 | 5.04 | 5.09 | 5.14 | 5.31 | 3.19 | 8.06 | 5.89 | 6.24 | 7.03 | 6.88 | 6.79 | 11.66 |
| Excess Return | -7.39 | -4.98 | 0.24 | 3.26 | 6.50 | -4.87 | -5.54 | 9.95 | 12.41 | 1.61 | 12.39 | 47.40 | -39.19 |
Short Term Returns
| % | 1 week | 1 month | 3 months | 6 months |
|---|---|---|---|---|
| Danish Bonds | 5.23 | -4.87 | -6.11 | -5.03 |
| Benchmark | 0.10 | 0.42 | 1.24 | 2.48 |
| Excess Return | 5.13 | -5.29 | -7.35 | -7.51 |
Long Term Returns
| % | Year to Date | 1 year | 3 years ann. | 5 years ann. | Since inception ann. |
|---|---|---|---|---|---|
| Danish Bonds | -6.11 | -6.00 | 1.66 | 3.24 | 7.30 |
| Benchmark | 1.28 | 5.01 | 5.08 | 5.18 | - |
| Excess Return | -7.39 | -11.01 | -3.41 | -1.95 | 7.30 |
Risk Figures
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Sharpe | 0.60 | 0.86 | 1.73 |
| Standard Deviation | 3.51 | 4.21 | 4.03 |
Risk Indicator
- 1
- 2
- 3
- 4
- 5
- 6
- 7
Sensitivity
| Months | % | |
|---|---|---|
| Months w. positive returns | 122 mo. | 78.21% |
| Months w. negative returns | 34 mo. | 21.79% |
| Largest positive return | April 2009 | 7.03% |
| Largest negative return | November 2008 | -13.50% |
| 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) | 873.52 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
| Risk indicator | Red |
|---|---|
| NAV (in mio. DKK) | 873.52 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
Benchmark
| Benchmark | Cibor 12 + 5% |
|---|
Expenses
| Entry charges | 1.50% |
|---|---|
| Exit charges | 0.75% |
| Indirect transaction costs | 0.50% |
| Performance Fee | 0.06% |
| Ongoing charges | 2.33% |