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Fixed Income

To overview

Investment Strategy

The subfund invests primarily in Danish government, and mortgage bonds, and secondarily in up to 5-year maturity European government bonds, European covered bonds, and corporate bonds with an absolute return target of CIBOR 12 + 5 % pa. on a 3-year period. Interest rate risk is hedged with futures on German government bonds, options or interest rate swaps. The sub fund uses leverage that typically will be in the range of four to ten, with a maximum of twelve. The strategy builds on identifying and exploiting exaggerated market movement, that can occur due to the lower risk limits being imposed on banks. The focus will predominately be on Nordic markets and issuers with high credit quality.

Returns

Fixed IncomeBenchmark
1 yearLifetime

Short Term Returns

%1 week1 month3 months6 months
Fixed Income0.08-0.340.542.46
Benchmark0.090.401.21-0.23
Excess Return-0.01-0.75-0.672.69

Long Term Returns

%Year to Date1 yearSince inception ann.
Fixed Income7.097.946.20
Benchmark4.695.025.03
Excess Return2.402.921.17

Risk Figures

Risk Indicator

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Sensitivity

Months%
Months w. positive returns10 mo.71.43%
Months w. negative returns4 mo.28.57%
Largest positive returnSeptember 20191.97%
Largest negative returnDecember 2018-1.26%
Longest period of positive returns5 mo.
Longest period of negative returns2 mo.
 
Longest period of positive returns5 mo.
Longest period of negative returns2 mo.

Information

ISINDK0061077534
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorNykredit Portefølje Administration
Inception Date09-10-2018
DepositoryNordea Bank Danmark
Risk indicatorRed
NAV (in mio. DKK)177.92 DKK
Investment HorizonMinimum 3 years
Duration-
Income DistributingNo
UCITSNo
Risk indicatorRed
NAV (in mio. DKK)177.92 DKK
Investment HorizonMinimum 3 years
Duration-
Income DistributingNo
UCITSNo

Benchmark

BenchmarkCibor 12 + 5%

Expenses

Entry charges1.50%
Exit charges0.38%
Indirect transaction costs0.31%
Performance Fee0.02%
Ongoing charges-

Facts

Fact Sheet

Download our fact sheet as PDF here:

Download Fact Sheet

Advisor

HP Fondsmæglerselskab
Kronprinsessegade 18, 1
1306 København K