hpinvest

Short Term Danish Bonds

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 the investor who wishes a safe investment as an alternative to a cash deposit. Positions are primarily taken in bonds denominated issued by Danish government and Danish mortgage institutions. Furthermore, the fund can invest up to 15 % in credit bond issued by Danish institutions in DKK. Considering the current low yield environment, the focus is on capital preservation and the strategy will be very cautious.

Returns

Short Term DBBenchmark
1 year3 years5 yearsLifetime

Annual Returns

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%202220212020201920182017201620152014201320122011201020092008
Short Term DB-4.750.010.550.280.871.511.88-0.321.662.514.294.503.708.535.73
Benchmark-3.21-2.190.440.480.161.301.75-0.142.670.353.445.043.955.905.89
Excess Return-1.552.190.11-0.190.710.220.13-0.18-1.002.160.85-0.55-0.252.63-0.16

Short Term Returns

%1 week1 month3 months6 months
Short Term DB-0.86-1.95-3.24-4.45
Benchmark0.02-0.49-1.83-3.15
Excess Return-0.88-1.46-1.42-1.30

Long Term Returns

%Year to Date1 year3 years ann.5 years ann.Since inception ann.
Short Term DB-4.75-4.26-1.46-0.432.11
Benchmark-3.21-3.74-1.78-0.651.76
Excess Return-1.55-0.520.320.220.35

Risk Figures

3 years5 years10 years
Sharpe-0.520.090.94
Standard Deviation1.541.251.15
Tracking Error1.210.991.03
Information Ratio0.060.671.19

Risk Indicator

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Information

ISINDK0061150984
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorNykredit Portefølje Administration
Inception Date18-12-2019
DepositoryNykredit Bank
Risk indicatorYellow
NAV (in mio. DKK)817.22 DKK
Investment HorizonMinimum 2 years
Duration-
Income DistributingYes
UCITSYes
Risk indicatorYellow
NAV (in mio. DKK)817.22 DKK
Investment HorizonMinimum 2 years
Duration-
Income DistributingYes
UCITSYes

Benchmark

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

Expenses

Entry charges0.00%
Exit charges0.00%
Indirect transaction costs0.05%
Performance Fee0.00%
Ongoing charges0.22%

Distributions

DateDistributionDenomination
26 Jan 20220.10100 DKK

Holdings

NameCurrencyPercentISIN
Jyske Realkredit A/S 1.5%DKK23.90%DK0009393746
Realkredit Danmark A/SDKK12.28%DK0004620044
DLR Kredit AS 0.5%DKK10.42%DK0006348677
Foroya Landsstyri 0.12%DKK9.70%DK0030467022
Nykredit Realkredit A/S 0.05%DKK8.18%DK0009515959
Denmark (Kingdom Of) 0.1%DKK7.97%DK0009922916
Nordea Kredit Realkreditaktieselskab 2%DKK7.97%DK0002051093
Realkredit Danmark A/S 3%DKK7.37%DK0009289845
DLR Kredit AS 2.5%DKK6.51%DK0006332671
Nordea Kredit Realkreditaktieselskab 3%DKK5.71%DK0002028000

Facts

Fact Sheet

Download our fact sheet as PDF here:

Download Fact Sheet

Advisor

HP Fondsmæglerselskab
Otto Mønsteds Plads 9
1780 København V