hpinvest

Short Term Danish Bonds - CL W

To overview

Investment Strategy

The fund invest so that the overall interest rate risk is low, the average modified duration must be below 3 years. Hence the fund is the natural choice for an investor who wishes a safe investment as an alternative to a cash deposit. 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

Short TermBenchmark
1 year3 years5 yearsLifetime

Annual Returns

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%201920182017201620152014201320122011201020092008
Short Term0.160.681.401.55-0.910.971.964.054.523.698.535.73
Benchmark0.620.191.391.84-0.152.730.343.495.063.955.895.89
Excess Return-0.460.490.02-0.29-0.75-1.761.620.56-0.55-0.262.64-0.16

Short Term Returns

%1 week1 month3 months6 months
Short Term-0.01-0.12-0.23-0.19
Benchmark0.020.04-0.63-0.54
Excess Return-0.03-0.170.400.35

Long Term Returns

%Year to Date1 year3 years ann.5 years ann.Since inception ann.
Short Term0.160.210.780.592.67
Benchmark0.620.650.930.802.59
Excess Return-0.46-0.45-0.15-0.210.08

Risk Figures

3 years5 years10 years
Sharpe3.631.511.66
Standard Deviation0.320.591.07
Tracking Error0.480.761.00
Information Ratio2.470.931.24

Risk Indicator

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Information

ISINDK0060878098
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorNykredit Portefølje Administration
Inception Date05-07-2017
DepositoryNykredit Bank
Risk indicatorYellow
NAV (in mio. DKK)100.47 DKK
Investment HorizonMinimum 1 year
Duration1.94
Income DistributingYes
UCITSYes
Risk indicatorYellow
NAV (in mio. DKK)100.47 DKK
Investment HorizonMinimum 1 year
Duration1.94
Income DistributingYes
UCITSYes

Benchmark

BenchmarkNordea GCM 2Y IR DKK 35% + Nordea MCM 3Y 65%

Expenses

Entry charges0.10%
Exit charges0.10%
Indirect transaction costs0.02%
Performance Fee0.00%
Ongoing charges0.32%

Distributions

DateDistributionDenomination
24 Jan 20190.30100 DKK
25 Jan 20181.40100 DKK
17 Jan 20170.80100 DKK
4 May 20151.30100 DKK
1 May 20143.10100 DKK
22 Apr 20134.00100 DKK
27 Apr 20122.50100 DKK
18 Apr 20112.25100 DKK
30 Sep 20101.75100 DKK
26 Apr 20104.25100 DKK
24 Sep 20091.75100 DKK
1 May 20092.25100 DKK

Holdings

NameCurrencyPercentISIN
Nykredit Realkredit A/SDKK23.82%DK0009515959
Nordea Kredit Realkreditaktieselskab 0.5%DKK12.73%DK0002038900
Faroe (Government of) 1%DKK12.40%DK0030361894
LR Realkredit A/S 1%DKK11.97%DK0004919776
Realkredit Danmark A/S 3%DKK9.26%DK0009289845
Faroe (Government of) 0.5%DKK9.23%DK0030381223
DLR Kredit A/S 0.32%DKK6.04%DK0006322607
Realkredit Danmark A/S 0%DKK5.05%DK0009275703
Foroya Landsstyri 0.62%DKK4.90%DK0030400700
Realkredit Danmark A/S 1%DKK4.60%DK0004605912

Facts

Fact Sheet

Download our fact sheet as PDF here:

Download Fact Sheet

Advisor

HP Fondsmæglerselskab
Kronprinsessegade 18, 1
1306 København