Danish Bonds Acc.
To overviewInvestment Strategy
The fund invests so that the average modified duration is between one and five years. The fund is suited for the investor who wishes a large degree of stability in value and does not have a need for income from distribution of returns. Positions are only taken in bonds denominated in Danish kroner, and by high-quality issuers as the Danish government, Danish mortgage institutions, and similar with equivalent credit quality. Considering the current low yield environment, the focus is on capital preservation and the strategy will be very cautious.
Returns
Annual Returns
Rotate your phone to view in full size| % | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Danish Acc. | 1.26 | -10.98 | -0.43 | 1.15 | 0.66 | 0.53 | 1.87 | 1.55 | -0.47 | 1.46 | 2.32 | 3.83 | 5.34 |
| Benchmark | 1.31 | -7.63 | -2.29 | 0.73 | 0.63 | 0.32 | 1.32 | 2.02 | -0.10 | 3.25 | 0.16 | 3.77 | 5.92 |
| Excess Return | -0.05 | -3.35 | 1.86 | 0.42 | 0.03 | 0.21 | 0.55 | -0.48 | -0.37 | -1.78 | 2.16 | 0.06 | -0.58 |
Short Term Returns
| % | 1 week | 1 month | 3 months | 6 months |
|---|---|---|---|---|
| Danish Acc. | 0.15 | 1.02 | 1.33 | 1.06 |
| Benchmark | -0.03 | 0.73 | 1.19 | 1.36 |
| Excess Return | 0.18 | 0.29 | 0.13 | -0.29 |
Long Term Returns
| % | Year to Date | 1 year | 3 years ann. | 5 years ann. | Since inception ann. |
|---|---|---|---|---|---|
| Danish Acc. | 1.26 | -6.83 | -2.53 | -1.64 | 0.77 |
| Benchmark | 1.31 | -4.40 | -2.02 | -1.42 | 0.79 |
| Excess Return | -0.05 | -2.43 | -0.51 | -0.23 | -0.02 |
Risk Figures
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Sharpe | -1.07 | -0.58 | -0.07 |
| Standard Deviation | 3.57 | 2.88 | 2.15 |
| Tracking Error | 2.13 | 1.75 | 1.64 |
| Information Ratio | 0.18 | 0.13 | 0.24 |
Risk Indicator
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Information
| ISIN | DK0060227239 |
|---|---|
| Domicile | Denmark |
| Advisor | HP Fondsmæglerselskab |
| Administrator | Nykredit Portefølje Administration |
| Inception Date | 04-05-2010 |
| Depository | Nykredit Bank |
| Risk indicator | Yellow |
| NAV (in mio. DKK) | 95.69 DKK |
| Investment Horizon | Minimum 1 year |
| Duration | 3.88 |
| Income Distributing | No |
| UCITS | Yes |
| Risk indicator | Yellow |
|---|---|
| NAV (in mio. DKK) | 95.69 DKK |
| Investment Horizon | Minimum 1 year |
| Duration | 3.88 |
| Income Distributing | No |
| UCITS | Yes |
Benchmark
| Benchmark | Nordea GCM 3Y 35% + Nordea MCM 3Y 65% |
|---|
Expenses
| Entry charges | 0.10% |
|---|---|
| Exit charges | 0.10% |
| Indirect transaction costs | 0.11% |
| Performance Fee | 0.00% |
| Ongoing charges | 0.38% |
Holdings
| Name | Currency | Percent | ISIN |
|---|---|---|---|
| Nykredit Realkredit A/S 0.5% | DKK | 17.31% | DK0004924933 |
| Faroe (Government of) 1.25% | DKK | 15.84% | DK0030509393 |
| Foroya Landsstyri 0.62% | DKK | 14.45% | DK0030400700 |
| Foroya Landsstyri 0.12% | DKK | 11.27% | DK0030467022 |
| Jyske Realkredit A/S 3% | DKK | 10.54% | DK0009408874 |
| Danmarks Skibskredit A/S 1.1% | DKK | 8.03% | DK0004133055 |
| Nordea Kredit Realkreditaktieselskab 2.5% | DKK | 6.44% | DK0002030253 |
| Jyske Realkredit A/S 5% | DKK | 5.66% | DK0009409922 |
| Realkredit Danmark A/S 1.5% | DKK | 5.55% | DK0004620044 |
| Jyske Realkredit A/S 6% | DKK | 4.93% | DK0009410425 |