Handelsbanken Långränta (B1 SEK)

Legal name: Handelsbanken Långränta (B1 SEK)

Bond Fund Registered in Sweden (UCITS) Bid

About risk

Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.

The fund is actively managed and invests in fixed income securities issued in SEK by states and companies. The average residual duration for the fund's investments fluctuates between 2 and 7 years. If we believe market rates will be falling, we may choose a longer fixed interest period and conversely, we may choose a shorter fixed interest period if we believe market rates are rising.

For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.

The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).

Fund manager

Mikael Rosell Experience in the fund industry 1997. Portfolio Manager since 15 October 2018.

Risk 2/7

The risk indicator provides guidance on the risk level for this product relative to other financial products. It shows the likelihood that the product will decrease in value due to market performance. Risk level 1 represents a low risk and risk level 7 is a high risk.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years.

This shareclass belongs to category 2, which means there is a low risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

The risk in a fixed income fund is due in part to the average fixed interest duration on the fund’s holdings, i.e., the fund’s interest rate risk. The fund normally consists of holdings with a longer fixed interest duration, which results in a higher interest rate risk.

The indicator primarily reflects the upturns and downturns in the value of the fund’s holdings in interest-bearing securities.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are made in a limited number of regions or issuers, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution and across a larger number of issuers.

The fund has exposure to credit risk, i.e., the risk that an issuer is unable to meet its commitments. The credit risk is derived from the issuer’s credit worthiness. The fund’s investments only include assets with high credit worthiness, so-called investment grade.

This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

Total Rating™

30.09.2025

The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
Read more about the fund's rating

SFDR

This fund promotes environmental and social characteristics through its investments but does not have sustainable investments as its objective. As a result, the fund takes into consideration the environment and climate, as well as human rights, employees’ rights and corruption.
The fund is reported as an Article 8 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR).

31.07.2025

Sustainability-
rating

The sustainability rating is developed by the fund information company Morningstar. The rating measures how well the fund's investee companies manage sustainability risks relative to other funds within the same global Morningstar category. If the fund has invested in government bonds issued by sovereign states, the respective country's sustainability risk is included in the calculation. The analyzed funds can receive a sustainability rating between 1 and 5 globes, with 5 as the highest rating.

About Sustainabilty rating

The fund complies with the UN Principles for Responsible Investments.

Graph

Performance

Monthly savings

In percent including distribution in SEK

2025

1 year

3 years

5 years

10 years

Handelsbanken Långränta (B1 SEK) (SEK)

Note that benchmark returns, unlike fund returns, do not take distributions into account. As a result, fund returns are higher than they would otherwise be relative to benchmark.

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Historical rates

Performance

Rate 31.10.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
89.16 SEK	-0.21%	0.38%	0.36%	2.08%	0.92%	-4.78%	1.38%

Portfolio 09.10.2025

Portfolio manager comments — Q3 2025

During the third quarter, political uncertainty eased slightly, although it remained elevated. The United States entered into tariff agreements, which may have contributed to more predictable conditions. U.S. tariff levels are at heights not seen since the 1930s. There remains considerable uncertainty regarding how the new regime will affect global economic and political cooperation and integration. From an economic perspective, significant uncertainty persists around the future development of inflation. Furthermore, the potential impacts of U.S. deportations on the American labor market remain unclear.

Market interest rates rose somewhat in Europe and Sweden during the quarter, while U.S. rates declined due to weaker labor market data. This benefitted the fund, as it had previously positioned for lower U.S. five-year rates, consistent with our forecast of a clearly slowing U.S. economy.

Despite weak economic data and substantial global uncertainty, risk sentiment remained strong, with rising equity prices and falling credit risk premiums as a result. However, uncertainty about the sustainability of this positive sentiment remains high. The Federal Reserve cut the policy rate in September and signaled the possibility of further reductions, while the Riksbank also reduced rates but indicated this was likely the last cut in this cycle. The European Central Bank kept rates unchanged due to stable inflation in the euro area. Concerns over an increased supply of long-term bonds led to steeper yield curves globally.

In September, the Riksbank again lowered its policy rate by 25 basis points to 1.75%. This action came despite higher-than-expected inflation during the summer months and was justified by lower forward-looking inflation pressures, driven notably by continued weak activity data in the Swedish economy and a stronger krona. According to our assessment, the market is currently pricing in a somewhat too low probability of further rate cuts from the Riksbank and the ECB. We also believe that the strong risk appetite in the market is at odds with developments in macroeconomic data.

Accordingly, the fund has maintained an overweight position in interest rate risk. The fund’s positioning for steeper yield curves in Sweden, the U.S., and Europe performed well. We have partially closed some of these exposures while also lengthening durations as the central bank cycle approaches its end. Investments in covered mortgage bonds, bonds issued by Swedish municipalities, and supranational institutions contributed positively.

Portfolio distribution 30.09.2025

Geographic breakdown 30.09.2025

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.