Objectives and Investment Policy
The fund is actively managed, which means that the portfolio manager takes active, independent investment decisions. The long term objective of the fund is to exceed the returns of the underlying market, defined as the benchmark index.
Fund returns are determined by how the fund's investments in interest-bearing instruments increase or decrease in value. The fund may invest in interest-bearing financial instruments denominated in EUR, SEK, DKK and NOK that are issued by companies, mortgage institutions and states. A maximum of 2% of the fund’s value may have exposure to currency risk in SEK, NOK or DKK.
The fund’s investments shall have a minimum credit rating of BB- in accordance with Standard & Poor's or Ba3 in accordance with Moody's. In the event an official rating is not available, and is not subordinated debt, the issuer’s official rating shall be used, alternatively an equivalent creditworthiness assessed internally. A maximum of 30% of the fund’s assets may be invested within the BB segment (BB+/BB/BB-) in accordance with Standard &Poor's or the Ba segment (Ba1/Ba2/Ba3) in accordance with Moody´s. The remaining assets shall be invested within the so-called Investment grade segment.
The average residual duration of the fund’s investments may amount to zero to seven years.
International norms and guidelines with regard to the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund's investment focus. The fund applies an exclusion strategy in companies active within the fossil fuels, military equipment, tobacco, cannabis, alcohol, commercial gambling and pornography areas/sectors. The fund may invest in sustainable, social and green bonds issued by companies involved in power generation from fossil fuels.
The fund may invest in derivative instruments as part of its investment focus. The fund may invest a maximum of 10% of the fund capital in fund units.
We compare the fund's performance with Solactive ISS ESG Screened Euro IG Corporate Bond TR Index (100%). As the fund is actively managed the performance will over time deviate from this index.
The share class normally distributes dividends in March each year. The objective is to annually distribute 1,5% of the value of the units at the time of the Management Company’s decision about distributions. However, distributions can be both higher and lower.
Normally, you may purchase and sell fund units every banking day.
Additional information about the sustainability work, the share class designation in parentheses and the management in relation to the funds benchmark index and risk level, may be found in the prospectus.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 2 years.