Danske Invest

Euro Corporate Bond Fund D

Morningstar Rating™ : - Sustainability : - ISIN: FI0008803176
Documents
Factsheet
Key Investor Information Document
Price list
Fund regulations
Investor notification
Prospectus
ESG restriction report

0.17142

NAV as of 30.10.2020

-0.05%

Return 1 day

+0.66%

Return 1 month

+1.41%

Return (year-to-date)

Objectives and investment policy

Objectives

The target of investment activities is to achieve long-term value increase on the invested assets through active asset management pursuant to the Act on Common Funds and the fund's regulations.

Investment policy

The assets are invested in euro-denominated bonds issued by companies. The issuers may also include governments, financial institutions or issuers other than European companies. The modified duration, which describes the interest rate risk of investments, may be a maximum of 10. The credit rating of the investment instruments must be at least Moody's Baa3, S&P BBB- or Fitch BBB- on average. The returns on the fund's investments, such as dividends and interest, will be reinvested.

It is generally expected that the fund's holdings may differ significantly from those of the benchmark, e.g. in relation to issuer, credit quality, countries and duration. The fund¿s performance may therefore differ from the benchmark. The fund is suitable for investors who seek a higher return than that of traditional bond investment, but do not wish to invest in the equity markets due to the higher risk. However, investors must accept that the Fund's value may also fall. The fund is suitable as part of a diversified investment portfolio. Investors may subscribe for and redeem fund units on every banking day.


Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.



Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Euro Corporate Bond Fund D
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
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Historical return is no reliable indicator of future return.

Risk indicator

Lower risk

Higher risk

Typically lower return

Typically higher return

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The indicator illustrates the typical correlation between the risk and your potential return of the investment. The categorization is determined by the fluctuations in the fund's net asset value over the past five years and/or representative data.

Significant historical volatility equals high risk and low volatility equals lower risk. Please note that the fund’s categorization is not constant and the categorization may change over time. Historical performance data is not necessarily a reliable indicator of the future risk profile.

The risk indicator is purely a mathematical calculation and it does not take devaluations, political intervention and sudden fluctuations in interest rates and currencies into account. Risk class 1 is not a risk-free investment.
 

Value of
Click to change the amount

0 years
years
10 years
years

of which n/a € in dividends.
Total charges during the period:
n/a €.

Historical return is no reliable indicator of future return.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 100.40
3 years runningEUR 104.58
5 years runningEUR 113.21
7 years runningEUR 119.79
10 years runningEUR 136.30
Historical return is no reliable indicator of future return.
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Manager

Bent Høegh-Jensen

Title: Chief Portfolio Manager
Background: M.sc. (Economics & Business Administration)
Years of experience: 18

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part of Danske Bank Wealth Management – a division of the Danske Bank Group.

Danske Bank Asset Management is Danske Invest’s main investment manager. Danske Bank Asset Management focuses its resources on selected core investment areas. These areas are Nordic equities, European equities, Eastern European equities, global equities, Nordic fixed income, European corporate bonds, global inflation-linked bonds, emerging markets debt as well as index based investments. Danske Bank Asset Management also manages hedge fund strategies within both equities and fixed income.

Asset allocation as of 31.08.2020

The allocation is based on the portfolio's bond holdings.
Please note that all holdings are delayed with 1 month.
Euro Corporate Bond Fund D

Holdings as of 31.08.2020

Name of investment/security Weight Type Currency Country ISIN code
1,413 FCC AQUALIA SA 08/06-2017/2022 000000000000001.801.80% Bonds EUR Spain XS1627337881
TOTAL SA FRN PERP/CALL 000000000000001.731.73% Bonds EUR France XS1413581205
2,5 VOLKSWAGEN BANK 31/07-2019/2026 000000000000001.671.67% Bonds EUR Germany XS1944390597
0,75 AUTOLIV INC 26/06-2018/2023 000000000000001.581.58% Bonds EUR Sweden XS1713462585
BNP PARIBAS FRN 23/01-2019/2027 000000000000001.501.50% Bonds EUR France FR0013398070
1,125 TELE2 AB 15/05-2018/2024 000000000000001.301.30% Bonds EUR Sweden XS1907150350
2,875 AB INBEV SA/NV 02/04-2020/2032 000000000000001.301.30% Bonds EUR Belgium BE6320935271
2,75 DANSKE BANK FRN 19/5-2014/2026 000000000000001.291.29% Bonds EUR Denmark XS1068866950
0,375 CK HUTCHISON 17/10-2019/2023 000000000000001.231.23% Bonds EUR Luxembourg XS2056572154
UNIBAIL-RODAMCO FRN PERP/CALL 000000000000001.191.19% Bonds EUR France FR0013330529
Please note that all holdings are delayed with 1 month.

Charges

The charges you pay are used to cover the costs of running the fund, including marketing costs and distribution. These charges reduce the potential growth of your investment.

Charges taken from the fund over a year

One-off charges taken before or after you invest

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Euro Corporate Bond Fund D

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Dividend date Payment date Dividend type Amount
    15.04.2020 - Normal EUR 0.00614
    26.03.2019 - Normal EUR 0.00604
    05.04.2018 - Normal EUR 0.00638
    04.04.2017 - Normal EUR 0.00644
    05.04.2016 - Normal EUR 0.00732
  • Basic information

    Basic information

    ISIN code FI0008803176
    Listed on stock exchange No
    Sub-fund of Danske Invest
    Fund domicile Finland
    Dividends Yes
    Management company Danske Invest Fund Management Ltd
    Man. company domicile Finland
    Depositary Skandinaviska Enskilda Banken AB (publ) Helsinki branch
    Minimum initial investment 10 EUR
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 29.10.1999
    Bloomberg ticker MANEUYT FH
    Marketing permission (Retail) Finland
    Marketing permission (Professional) Finland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Barclays Capital Euro Aggregate 500m Corporate Index
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 30.09.2020 474.87
    Net asset value (NAV) EUR as of 30.10.2020 0.17142
    Duration as of 30.09.2020 5.08
    Yield to maturity as of 30.09.2020 0.83
  • Risk key figures as of 30.09.2020

    Risk key figures as of 30.09.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 0.40 1.50 2.51 2.61 3.15
    Sharpe Ratio 0.38 0.67 0.73 0.69
    Volatility 4.96 4.18 3.84 4.46
    Tracking Error 0.57 0.69 0.75 1.31
    Information Ratio -1.05 -0.45 -0.58 -0.31
    Calculation is based on end-of-month data.
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