Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (179 kB)
Prospectus (1386 kB)
Periodic reports
Sustainability SFDR (929 kB)
Annual review (PF) (2865 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (143 kB)
Handelsbanken Flexibel Ränta (B8 SEK)
Legal name: Handelsbanken Flexibel Ränta (B8 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.
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. The fund is a fund of funds which invests globally without limitations in terms of geographical or industrial exposure. Fund returns are determined by how the fund's investments in fixed income funds increase or decrease in value.
The fund invests in fixed income funds, that in turn invest in interest-bearing securities in SEK and foreign currencies issued by states, companies and mortgage institutions. The fund may also invest in emerging markets and/or interest-bearing securities in which the issuer may have a credit rating lower than BBB (so-called Investment grade) in accordance with Standard &, Poor’s or Baa3 in accordance with Moody’s. The fund invests primarily in funds within Handelsbanken but may also invest in funds managed by other fund management companies. The current distribution is available in the section Portfolio distribution at www.handelsbanken.se/funds.
International norms and guidelines for the environment, social responsibility and corporate governance are taken into consideration and the fund applies an exclusion strategy for companies (both direct holdings as well as holdings in funds in which the fund invests) operating within the alcohol, tobacco, cannabis, commercial gambling, weapons and war materials, pornography and fossil fuels segments/sectors.
However, the fund may invest in companies that are considered to be in transition towards fossil-free energy production. This is applicable to both direct holdings as well as holdings in funds in which the fund invests. With regard to the fund’s investments in index derivatives, the fund will primarily invest in sustainability oriented instruments. In the absence of such instruments, the fund will invest in index derivatives and index products that may include companies that are not permitted in accordance with the aforementioned exclusion criteria.
The fund can invest in derivative instruments as part of the fund’s investment focus, which can result in leveraging.
We compare the fund's performance with JP Morgan EM GBI Diversified Index (10%), Solactive European 3M Interbank Money Market Index (6%), OMRX Treasury Bill Index (37%), Solactive Eurozone Government Bond Index TR (9%), OMRX Real Return Bond Index (5%), Solactive SEK Fix Short IG Credit Index (14%), HMNI Swe All Government Dur Const 6Y (19%). 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 3,0% 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.
Performance
In percent including distribution
The bar chart above shows the fund’s historical performance in SEK, net of fees. If the fund pays dividends, performance is calculated with the distribution added back. Inflation has not been taken into account.
| Performance | Fund 1 | Index 2 |
|---|---|---|
| 30.04.2024 | 2.33 | 1.32 |
| 2023 | 5.96 | 5.14 |
| 2022 | -2.48 | -3.85 |
| 2021 | 1.33 | -0.12 |
| 2020 | -2.24 | -1.08 |
| Average. perf. | Fund 1 | Index 2 | 2 years | 3.99 | 3.33 |
|---|---|---|
| 3 years | 2.24 | 0.95 |
| 5 years | 1.18 | 0.43 |
| 10 years | 1.73 | 1.35 |
Distribution
| Date | SEK | Distribution of fund profits |
|---|---|---|
| 15.03.2024 | 2.88 | |
| 24.03.2023 | 2.82 | |
| 16.03.2022 | 1.94 | |
| 19.03.2021 | 1.96 | |
| 09.03.2020 | 2.56 |
Largest holdings 30.04.2024
| Handelsbanken Räntestrategi A1 SEK | 16.81% |
| Handelsbanken Ftgobl Inv Gr A1 SEK | 9.79% |
| UI - Aktia EM Frontier Bond+ IX SEK | 7.78% |
| UI - Aktia EM Local Ccy Bd+ IX SEK | 7.56% |
| Handelsbanken Kreditt (A1 NOK) | 5.40% |
| Handelsbanken Euro Ränta (A1 EUR) | 5.39% |
| Jyske SICAV Danish Bonds SEK IC Dis | 5.37% |
| Handelsbanken Företagsobligfd (A1 SEK) | 5.33% |
| Handelsbanken Realränte (A1 SEK) | 5.31% |
| Handelsbanken Hållbar Gl Obl A1 SEK | 5.27% |
| All holdings | |
Style Box™ 31.03.2019
Duration 30.04.2024
| 2.5 years | Duration for a fund is a measurement of the fund's sensitivity to changes in interest rates. The specific measurement used is a modified duration and indicates the estimated change to the fund's value when market rates increase or decrease by one (1) percentage point. Essentially, if market rates rise by 1% and the fund's duration is 4 years, fund returns will decrease by 4%, i.e., by the amount equivalent to the duration. The opposite applies when market rates decline, with returns increasing by the amount equivalent to the duration. |
Risk measures (3 years) 30.04.2024
| Total risk | 2.81% |
| Total risk in index | 3.20%* |
| Tracking error | 1.46%* |
| Information ratio | 0.88* |
| Sharpe ratio | 0.26 |
| Sharpe ratio index | -0.17* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Allokeringsgruppen |
| Country of registration | Sweden |
| Main category | Bond Fund |
| Sub category | SEK |
| Fund, date of launch | 15.01.2014 |
| Share class, date of launch | 15.01.2014 |
| Fund assets | 2,425 MSEK (30.04.2024) |
| Reporting Currency | SEK |
| Trading Currency | - |
| Instrument category | Uncomplicated |
| UCITS | Yes |
| ISIN | SE0005569308 |
| Short name | FLERÄU |
| Available for sale | Sweden |
| Fund Company Facts | |
|---|---|
| Management Company | Handelsbanken Fonder AB |
| Approval of fund operations | 06.05.1991 |
| Other approvals |
Discretionary Asset Management Manager of Alternative Investment Funds (AIFs) Provide investment advice Receive and forward orders
|
| Custodian Institution | J. P. Morgan SE - Stockholm Bankfilial |
| Legal domicile of fund | Stockholm, Sweden |
| Regulation Authority | Swedish Financial Supervisory Authority |
| Auditor | PricewaterhouseCoopers |
| Complaints Manager | Jörgen Larson |