Danish Bonds DKK Acc.
Bonds
Profile
Investment profile
The fund invests in listed bonds issued in DKK. The fund is actively managed and has an average duration of 3-5 years. The aim is a constant average duration of 4 years. The fund invests in bonds issued by governments, mortgage lenders and companies.
The typical investor
The typical investor has an investment horizon of at least 1 year and wishes to spread risk across many different Danish bonds. Furthermore the typical investor is looking for a highly stable return and annual distribution of dividends.
Benchmark
The objective is to obtain a return that equals or outperforms the return of the fund’s benchmark over a two-year period. The fund’s benchmark is EFFAS 1-3 – Danish government bonds.
- Portfolio Manager
Portfolio Manager
Nikolaj Fabricius
Senior Portfolio Manager
Education: MSc (mathematics and economics)
Mail: nikolaj.fabricius@sydbank.dk
Returns
Date 18/09/20 12:09Today's Return: +0.05%
Return Aug.: -0.01%
Return YtD: +1.10%
NAV per. 18/09/20 12:09
| Today's Returns | 0.05 % |
| Return year to date, % | 1.10 % |
| Redemption | 34.12 |
| Subscription | 34.12 |
| NAV | 34.12 |
| Total Assets (m) | 86 DKK |
Returns - Last Update 01/09/20
| Return year to date, % | 0.72 % |
| 1 Year | -0.99% |
| 3 Years | 2.96% |
| 5 Years | 7.94% |
| 7 Years | 11.80% |
| 10 Years | 18.95% |
Return & Dividend
| Year | Returns | Dividend | Income on equity | Capital income | Taxfree | NAV per unit (End Year) |
|---|---|---|---|---|---|---|
| 2019 | 1.50% | 0.00 | 0.00 | 0.00 | 0.00 | 33.75 |
| 2018 | 0.31% | 0.00 | 0.00 | 0.00 | 0.00 | 33.25 |
| 2017 | 1.80% | - | 0.00 | 0.00 | 0.00 | 33.15 |
| 2016 | 3.02% | - | 0.00 | 0.00 | 0.00 | 32.56 |
| 2015 | -0.87% | - | 0.00 | 0.00 | 0.00 | 31.61 |
Latest trends
| Danish Bonds DKK Acc | Return August | Return YtD |
|---|---|---|
| Latest trend | -0.01% | 0.72% |
| Return benchmark | -0.36% | -0.18% |
Fund Holdings
Fund Holdings
| Top 10 Holdings | Coupon | Country | Base currency | Proportion |
|---|---|---|---|---|
| Nykredit 32Hjul 01.07.2023 | -0.03 | Denmark | DKK | 9.62% |
| ar SK 26 26 041 01.01.2026 | 0.46 | Denmark | DKK | 9.57% |
| ,0NDASDRO40 40 020 01.10.2040 | 0.00 | Denmark | DKK | 6.77% |
| pct 111.E. 40 093 01.10.2040 | 0.00 | Denmark | DKK | 6.69% |
| SK jan 27 27 041 01.01.2027 | 1.00 | Denmark | DKK | 6.33% |
| Nordea Kredit 01.10.2040 | 1.50 | Denmark | DKK | 6.10% |
| Nykredit 21E 01.07.2021 | 0.17 | Denmark | DKK | 4.29% |
| ,0NDASDROOA 50 020 01.10.2050 | 1.00 | Denmark | DKK | 3.96% |
| NYK01EA35 35 095 01.10.2035 | 0.00 | Denmark | DKK | 3.77% |
| pct 411.E. 50 093 01.10.2050 | 1.00 | Denmark | DKK | 3.52% |
| Fund Holdings: 72 | ||||
| Show all Holdings | ||||
Distribution by country
| Country | Proportion | Changes in percentage points |
|---|---|---|
| Denmark | 98.80% | -0.11% |
| Faroe Islands | 0.58% | 0.32% |
| Other | 0.62% | 0.00% |
Risk
Lower risk
Higher risk
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Potentially lower rewards
Potentially higher rewards
Risk Scale
Placement of the fund on the scale is determined by the fluctuations of the funds NAV over the past five years.
Historical return fluctuations p.a.
Duration
Distribution by issuer
| Distribution by issuer | Proportion |
|---|---|
| Mortgage bonds | 67.28% |
| Government bonds | 24.61% |
| QUASI-soverreign | 0.00% |
| Company | 7.49% |
| Cash | 0.62% |
Fees and Expenses
Fees and Expenses
| Fees and Expenses | Total Management Fee | ÅOP (Costs) | Indirect Trade Cost | Subscription | Redemption |
|---|---|---|---|---|---|
| Danish Bonds DKK Acc. | 0.49 % | 0.89 % | 0.09 % | 0.00 % | 0.00 % |
Key Information per. 31/8-20
| ISIN | DK0060738672 |
| Yield to Maturity | 0,47 % |
| Average Duration | 3,63 |
| Deviation + (1 year) | 2.97 |
| Deviation + (3 years) | 1.95 |
| Danish VP Code | 6073867 |
| Sharpe Ratio (3 Years) | 0.79 |
| NAV ultimo 2019 | 33.75 DKK |
| Year to Date | 0,72 % |
| Inception of Share Class | 29.06.2016 |
| Tax Rate | - |
| Benchmark | EFFAS 3-7 |
| Listed | No |
| Accumulated | Yes |
| Share Class Assets (m) | 85 DKK |
| Total Assets (m) | 703 DKK |
| Denomination | 10 |
| Base currency | DKK |
| AGM (annual general meeting) | 01.04.2020 |
| Dividend (2019) | 0.00 |
| TER (incl. depositary and adm.exp) | 0,49 % |
| ÅOP (Costs) | 0,89 % |
| Indirect Trade Cost | 0.09 % |
| Fund Holdings | 72 |
| Rec. investment horizon | Min. 3 years |
| Portfolio Manager | Nikolaj Fabricius |
| NAV ultimo August 2020 | 33.99 |