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.
The assets are diversified mainly in euro-denominated bonds, that have been issued by European companies and whose credit rating is no higher than Moody's Ba1, S&P BB+ or Fitch BB+. The bond issuer shall have a positive or an improving Environment, Social and Governance (ESG) profile. The management team selects securities using both financial and ESG criteria to assess risks and opportunities. The modified duration, which describes the interest rate risk of investments, may be a maximum of 10. The credit rating of the rated investment instruments invested in by the fund must be at least Moody's B3, S&P B- or Fitch B- on average. The fund is categorized under SFDR as article 8 and promotes environmental and social characteristics, as well as good governance practices, through screening, restrictions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest’s responsible investment policy. This fund does not pursue a sustainable investment objective as described in Article 9 of SFDR. The returns on the fund's investments, such as dividends and interest, will be reinvested. The fund's base currency is the euro.
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 suits investors who seek a return clearly higher than that offered by traditional bond investment, and can tolerate substantial value fluctuations or even decreases. 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.