hpengros

Short Term Danish Bonds

Back 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 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

%202520242023202220212020201920182017201620152014201320122011201020092008
Short Term1.104.823.84-5.610.16-0.030.300.871.511.88-0.321.662.514.294.503.708.535.73
Benchmark1.514.214.95-6.78-2.190.440.480.161.301.75-0.142.670.353.445.043.955.905.89
Excess Return-0.400.61-1.111.172.34-0.46-0.180.710.220.13-0.18-1.002.160.85-0.55-0.252.63-0.16

Short Returns

%1 week1 month3 months6 months
Short Term0.060.420.781.21
Benchmark0.070.220.991.51
Excess Return-0.010.20-0.22-0.29

Trailing Returns

%Year to Date1 year3 years ann.5 years ann.Since inception ann.
Short Term1.104.322.850.862.21
Benchmark1.514.842.600.361.83
Excess Return-0.40-0.530.260.500.38

Riscs

3 years5 years10 years
Sharpe0.03-0.350.19
Standard Deviation2.332.181.62
Tracking Error1.541.461.12
Information Ratio1.030.530.92

Risc Rating

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7

Key Figures

ISINDK0061553245
DomicileDenmark
AdvisorHP Fondsmæglerselskab
AdministratorWealth Fund Partners
Inception Date22-06-2012
DepositorySEB
Risc RatingRed
NAV (in mio. DKK)2,489.97 DKK
Investment HorizonMinimum 1 year
Duration2.69
Income DistributingNo
UCITSNo
Risc RatingRed
NAV (in mio. DKK)2,489.97 DKK
Investment HorizonMinimum 1 year
Duration2.69
Income DistributingNo
UCITSNo

Benchmark

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

Expenses

Emission Fee0.00%
Redemption Fee0.00%
Indirect Expenses0.04%
Performance Fee0.00%
Danish ÅOP0.21%

Portfolio

NameCurrencyPercentISIN
Danmarks Skibskredit A/S 3.12%DKK16.41%DK0004133568
Nordea Kredit Realkreditaktieselskab 2.72%DKK16.37%DK0002060599
Realkredit Danmark A/S 1.5%DKK15.35%DK0004620044
Jyske Realkredit A/S 3.03%DKK9.48%DK0009412207
Nykredit Realkredit A/S 3.67%DKK9.00%DK0009542250
Realkredit Danmark A/S 5%DKK8.92%DK0004624038
Jyske Realkredit A/S 5%DKK7.50%DK0009409922
Realkredit Danmark A/S 4%DKK7.08%DK0004627130
Jyske Realkredit A/S 4%DKK5.03%DK0009413528
Nykredit Realkredit A/S 1%DKK4.83%DK0004924347

Facts

Fact Sheet

Download our fact sheet as PDF here:

Download Fact Sheet

Advisor

HP Fondsmæglerselskab