hphedge

Danish Bonds

To overview

Investment 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

Danish Bonds
1 year3 years5 yearsLifetime

Short Term Returns

%1 week1 month3 months6 months
Danish Bonds-0.50-0.382.3012.13

Long Term Returns

%Year to Date1 year3 years ann.5 years ann.Since inception ann.
Danish Bonds14.8118.88-5.23-4.214.40

Risk Figures

3 years5 years10 years
Sharpe-0.28-0.300.00
Standard Deviation17.7714.3210.47

Risk Indicator

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Sensitivity

Months%
Months w. positive returns154 mo.72.64%
Months w. negative returns58 mo.27.36%
Largest positive returnApril 20228.58%
Largest negative returnMarch 2022-17.22%
Longest period of positive returns28 mo.
Longest period of negative returns6 mo.
 
Longest period of positive returns28 mo.
Longest period of negative returns6 mo.

Information

ISINDK0060153369
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorIFS SEB Invest
Inception Date13-03-2007
DepositorySEB
Risk indicatorRed
NAV (in mio. DKK)331.59 DKK
Investment HorizonMinimum 3 years
Duration-
Income DistributingNo
UCITSNo
Risk indicatorRed
NAV (in mio. DKK)331.59 DKK
Investment HorizonMinimum 3 years
Duration-
Income DistributingNo
UCITSNo

Expenses

Entry charges1.50%
Exit charges0.75%
Indirect transaction costs0.68%
Performance Fee0.00%
Ongoing charges2.26%

Facts

Fact Sheet

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Advisor

HP Fondsmæglerselskab