Danske Invest

Euro Sustainable High Yield Fund D

Morningstar Rating™ : - ESG-funds - ISIN: FI0008810171
Documents
Factsheet
Key Investor Information Document
Price list
Fund regulations
Investor notification
Prospectus
Sustainability-related disclosure
Investor rights

1.01884

NAV as of 19.05.2022

-0.64%

Return 1 day

-3.60%

Return 1 month

-9.25%

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 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.



ESG-funds (Article 8)
Funds that promote environmental (E) and/or social (S) factors and ensure good governance (G) practices are called ESG funds at Danske Invest. These funds promote E/S characteristics through screening, restrictions, investment analysis, and active ownership, but they do not have sustainable investments as their objective. The funds integrate ESG by systematically identifying and addressing sustainability factors during the investment process.

ESG funds comply with Article 8 of the EU regulation on sustainability‐related disclosures in the financial services sector.


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 Sustainable High Yield Fund D
Benchmark
Return
Annual return
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

  • 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 €.

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 93.55
3 years runningEUR 99.39
5 years runningEUR 102.18
7 years runningEUR 110.22
10 years runningEUR 146.04
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

Cecilie Hoffmeyer

Title: Senior Portfolio Manager
Background: M.sc. (Applied Economics & Finance)
Years of experience: 18

Danske Bank Asset Management

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 31.03.2022

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

Holdings as of 31.03.2022

Name of investment/security Weight Type Currency Country ISIN code
DEUTSCHE BANK AG 19.05.2031 000000000000002.482.48% Bonds EUR Germany DE000DL19VB0
AIB GROUP PLC PERP 000000000000001.991.99% Bonds EUR Ireland XS2010031057
BANCO DE SABADELL SA 15.04.2031 000000000000001.901.90% Bonds EUR Spain XS2286011528
VODAFONE GROUP PLC 03.01.2079 000000000000001.781.78% Bonds EUR United Kingdom XS1888179477
TRIODOS BANK NV 05.02.2032 000000000000001.731.73% Bonds EUR Netherlands XS2401175927
AUTOSTRADE PER L'ITALIA 4.375% 16.09.2025 000000000000001.711.71% Bonds EUR Italy XS0542534192
AUTOSTRADE PER L'ITALIA 2% 04.12.2028 000000000000001.511.51% Bonds EUR Italy XS2267889991
TELECOM ITALIA SPA 2.875% 28.01.2026 000000000000001.431.43% Bonds EUR Italy XS1846631049
CREDIT SUISSE GROUP AG PERP 000000000000001.161.16% Bonds USD Switzerland XS1076957700
BASELOAD CAPITAL FRN 22.03.2023 000000000000001.141.14% Bonds SEK Sweden SE0011923267
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 Sustainable High Yield Fund D

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Dividend date Payment date Dividend type Amount
    05.04.2022 - Normal EUR 0.04079
    13.04.2021 - Normal EUR 0.04109
    15.04.2020 - Normal EUR 0.04253
    26.03.2019 - Normal EUR 0.04017
    05.04.2018 - Normal EUR 0.04429
  • Basic information

    Basic information

    ISIN code FI0008810171
    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 08.12.2005
    Bloomberg ticker MANEHYD FH
    Marketing permission Finland
    Class of DI Euro High Yield
    Other classes Euro Sustainable High Yield Fund G
    Euro Sustainable High Yield Fund W D
    Euro Sustainable High Yield Fund W G
    Euro Sustainable High Yield K
    Euro Sustainable High Yield T
    Euro Sustainable High Yield W A
    Euro Sustainable High Yield W K
    Euro Sustainable High Yield W T
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Europe
    Benchmark Bloomberg-Barclays Capital Euro High Yield 3% Issuer Capped Index
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 19.05.2022 123.23
    Shareclass total assets, mill. EUR as of 19.05.2022 0.03
    Net asset value (NAV) EUR as of 19.05.2022 1.01884
    Duration as of 29.04.2022 3.55
    Yield to maturity as of 29.04.2022 5.94
  • Risk key figures as of 29.04.2022

    Risk key figures as of 29.04.2022

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -6.45 -0.20 0.43 1.40 3.86
    Sharpe Ratio 0.02 0.10 0.21 0.55
    Volatility 11.20 8.99 8.16 7.25
    Tracking Error 1.94 1.58 1.43 1.29
    Information Ratio -0.31 -0.62 -0.57 -0.43
    Calculation is based on end-of-month data.
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