Fixed Income
To overviewInvestment 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. 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 eight, 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
Short Term Returns
| % | 1 week | 1 month | 3 months | 6 months |
|---|---|---|---|---|
| Fixed Income | -0.54 | -1.54 | 3.89 | 15.71 |
Long Term Returns
| % | Year to Date | 1 year | 3 years ann. | 5 years ann. | Since inception ann. |
|---|---|---|---|---|---|
| Fixed Income | 5.91 | 23.57 | -8.76 | -4.69 | -3.42 |
Risk Figures
| 3 years | 5 years | |
|---|---|---|
| Sharpe | -0.29 | -0.16 |
| Standard Deviation | 24.35 | 19.15 |
Risk Indicator
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Sensitivity
| Months | % | |
|---|---|---|
| Months w. positive returns | 42 mo. | 63.64% |
| Months w. negative returns | 24 mo. | 36.36% |
| Largest positive return | April 2022 | 14.89% |
| Largest negative return | March 2022 | -22.77% |
| Longest period of positive returns | 7 mo. | |
| Longest period of negative returns | 3 mo. |
| Longest period of positive returns | 7 mo. | |
|---|---|---|
| Longest period of negative returns | 3 mo. |
Information
| ISIN | DK0061077534 |
|---|---|
| Domicile | Denmark |
| Advisor | HP Fondsmæglerselskab |
| Administrator | IFS SEB Invest |
| Inception Date | 09-10-2018 |
| Depository | SEB |
| Risk indicator | Red |
| NAV (in mio. DKK) | 324.79 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
| Risk indicator | Red |
|---|---|
| NAV (in mio. DKK) | 324.79 DKK |
| Investment Horizon | Minimum 3 years |
| Duration | - |
| Income Distributing | No |
| UCITS | No |
Expenses
| Entry charges | 1.50% |
|---|---|
| Exit charges | 0.38% |
| Indirect transaction costs | 0.85% |
| Performance Fee | 0.00% |
| Ongoing charges | 1.78% |