hpengros

Short Term Danish Bonds

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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 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

Yearly Returns

%20212020201920182017201620152014201320122011201020092008
Short Term-0.44-0.030.300.871.511.88-0.321.662.514.294.503.708.535.73

Short Returns

%1 week1 month3 months6 months
Short Term-0.13-0.09-0.41-0.54

Trailing Returns

%Year to Date1 year3 years ann.5 years ann.Since inception ann.
Short Term-0.440.450.220.652.58

Riscs

3 years5 years10 years
Sharpe0.721.461.82
Standard Deviation0.900.751.03
Tracking Error0.610.570.89
Information Ratio1.412.131.63

Risc Rating

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Key Figures

ISINDK0060438448
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorNykredit Portefølje Administration
Inception Date22-06-2012
DepositoryNykredit Bank
Risc RatingYellow
NAV (in mio. DKK)2,240.33 DKK
Investment HorizonMinimum 1 year
Duration1.30
Income DistributingNo
UCITSNo
Risc RatingYellow
NAV (in mio. DKK)2,240.33 DKK
Investment HorizonMinimum 1 year
Duration1.30
Income DistributingNo
UCITSNo

Benchmark

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

Expenses

Emission Fee0.00%
Redemption Fee0.00%
Indirect Expenses0.06%
Performance Fee0.00%
Danish ÅOP0.21%

Portfolio

NameCurrencyPercentISIN
Nykredit Realkredit A/S 0.12%DKK17.33%DK0009515959
Denmark (Kingdom Of) 0.1%DKK16.34%DK0009922916
Nordea Kredit Realkreditaktieselskab 2%DKK12.21%DK0002032978
Danmarks Skibskredit A/S 0.39%DKK9.82%DK0004131869
Realkredit Danmark A/S 2%DKK9.19%DK0004606563
Jyske Realkredit A/SDKK8.88%DK0009398893
LR Realkredit A/S 0.5%DKK7.57%DK0004924933
Realkredit Danmark A/S 2%DKK7.24%DK0004606134
LR Realkredit A/S 1%DKK5.79%DK0004923455
Foroya Landsstyri 0.12%DKK5.64%DK0030467022

Facts

Fact Sheet

Download our fact sheet as PDF here:

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Advisor

HP Fondsmæglerselskab
Kalvebod Brygge 1-3
1780 København V