Danske Invest

Euro Corporate Bond Fund D

Morningstar Rating : - Funds promoting environmental or social characteristics - ISIN: FI0008803176
Documents
Factsheet
Key Information Document (PRIIPs)
Price list
Fund regulations
Investor notification
Prospectus
Sustainability-related disclosure
Investor rights

0.14148

NAV as of 18.03.2024

-0.07%

Return 1 day

+0.60%

Return 1 month

-0.16%

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 fund is categorised as article 8 under SFDR and promotes environmental and/or social characteristics, as well as good governance practices, through screening, exclusions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest's responsible investment policy. 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.

Funds promoting environmental or social characteristics (Article 8)
This type of fund promotes environmental (E) or social (S) conditions and ensures good governance practices (G). Depending on the fund's investment strategy, this may be done through screening, exclusion, inclusion and active ownership. The funds may partially invest in sustainable investments, but making sustainable investments is not their goal.
Funds that promote environmental or social characteristics are subject to the disclosure requirements set out in Article 8 of the EU's regulation on sustainability-related disclosures in the financial services sector.

Return

Euro Corporate Bond Fund D
Benchmark
Return
Monthly return
Annual return
Return (12 M rolling)
Monthly excess return compared to benchmark
1 year
3 years
5 years
10 years
Since launch

to
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Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.

Risk indicator

Lower risk

Higher risk

Typically lower return

Typically higher return

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The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.

This classification may change and may not reliably indicate the future risk profile of the fund. The lowest category does not mean risk free.

This product does not include any protection from future market performance so you could lose some or all of your 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 €.

Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 106.40
3 years runningEUR 90.64
5 years runningEUR 95.45
7 years runningEUR 96.90
10 years runningEUR 105.98
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Manager

Bent Høegh-Jensen

Title: Chief Portfolio Manager
Background: M.sc. (Economics & Business Administration)
Years of experience: 22

Danske Bank Asset Management is an international asset manager and part 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 31.01.2024

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 31.01.2024

Name of investment/security Weight Type Currency Country ISIN code
VOLKSWAGEN BANK GMBH 2.5% 31.07.2026 000000000000002.092.09% Bonds EUR Germany XS1944390597
BANQUE FED CRED MUTUEL 3.125% 14.09.2027 000000000000001.601.60% Bonds EUR France FR001400NJE5
VONOVIA SE 0.375% 16.06.2027 000000000000001.381.38% Bonds EUR Germany DE000A3E5MG8
ING GROEP NV 23.05.2029 000000000000001.371.37% Bonds EUR Netherlands XS2624976077
CARLSBERG BREWERIES A/S 4% 05.10.2028 000000000000001.351.35% Bonds EUR Denmark XS2696046460
OMV AG PERP 000000000000001.291.29% Bonds EUR Austria XS2224439385
SANDOZ FINANCE B.V. 4.22% 17.04.2030 000000000000001.241.24% Bonds EUR Netherlands XS2715940891
SKANDINAVISKA ENSKILDA 0.05% 01.07.2024 000000000000001.171.17% Bonds EUR Sweden XS2020568734
ALD SA 3.875% 24.01.2028 000000000000001.161.16% Bonds EUR France FR001400NC70
INTESA SANPAOLO SPA 5.125% 29.08.2031 000000000000001.161.16% Bonds EUR Italy XS2673808726
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
    28.03.2023 - Normal EUR 0.00404
    05.04.2022 - Normal EUR 0.00578
    13.04.2021 - Normal EUR 0.00607
    15.04.2020 - Normal EUR 0.00614
  • 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 Finland
    Class of Danske Invest Euro Yrityslaina
    Other classes Euro Corporate Bond Fund G
    Euro Corporate Bond Fund W D
    Euro Corporate Bond Fund W G
    Euro Företagslån T
    Euro Företagslån W A
    Euro Företagslån W T
    Euro Yrityslaina K
    Euro Yrityslaina W K
    Euro Yrityslaina W T
  • Profile

    Profile

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

    Today's figures

    Total assets, mill. EUR as of 18.03.2024 645.56
    Shareclass total assets, mill. EUR as of 18.03.2024 0.18
    Net asset value (NAV) EUR as of 18.03.2024 0.14148
    Duration as of 29.02.2024 4.36
    Yield to maturity as of 29.02.2024 4.11
  • Risk key figures as of 29.02.2024

    Risk key figures as of 29.02.2024

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 6.40 -3.22 -0.93 -0.45 0.58
    Sharpe Ratio -0.75 -0.26 -0.15 0.07
    Volatility 6.39 6.30 5.38 4.80
    Tracking Error 0.87 0.78 0.71 0.75
    Information Ratio -0.81 -0.80 -0.77 -0.76
    Calculation is based on end-of-month data.
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