Handelsbanken Företagsobligation (B5 SEK)

Legal name: Handelsbanken Företagsobligation (B5 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.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (150 kB)
Prospectus (1620 kB)
Periodic reports
Sustainability SFDR (1045 kB)
Annual review (PF) (3170 kB)
Semi-annual report (PF) (204 kB)
Marketing material
Brief fund information 
Summary SFDR (172 kB)
The fund invests in fixed income securities and corporate bonds issued in SEK and EUR. At least 50% of the fund’s value should be invested in corporate bonds. Majority of the investments have high credit worthiness, so-called Investment Grade. A maximum of 30% of the fund's value may be made in investments below Investment Grade. The average remaining duration for the fund's investment total a maximum of seven years. The fund's value growth varies over time and is impacted primarily by the credit market. A maximum of 2% of the fund’s value may have exposure to currency risk in EUR.

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 Spotlight

The fund rules will be changed on 10 October 2025.
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Erik Gunnarsson

Fund manager

Erik Gunnarsson Experience in the fund industry 2006. Portfolio Manager since 1 November 2017.
Risk: 2/7
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.
Rating: 4
Total Rating™ 
30.06.2025
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
EuapIndicator:1
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).
  30.04.2025
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.

The fund complies with the UN Principles for Responsible Investments.

Graph

In percent including distribution in SEK
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Handelsbanken Företagsobligation (B5 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.

Performance

Rate 10.07.2025 1 week 1 month 3 months 2025 1 year 5 years 10 years
104.78 SEK -0.16% 0.61% 2.11% 2.68% 5.24% 11.73% 20.94%

Portfolio 10.07.2025

Portfolio manager comments — Q2 2025
Fund performance was positive during the quarter, rising by just over 2% in SEK.

The second quarter of the year was marked by high volatility and an initial decline in risk appetite following the introduction of US trade tariffs and the escalation of the trade war between the US and China. Credit spreads widened due to the deteriorating trade policy environment, while interest rates fell in Sweden and Europe but rose in the US. The primary market, which had been strong in Q1, came to a halt as risk appetite weakened.

Instead, the fund was active in the secondary market at very attractive levels, increasing exposure to the banking and financial sector as well as selected high yield issuers. As the initial rhetoric from the White House softened and real trade negotiations began to take shape, risk appetite returned and credit spreads tightened.

The fund extended its duration during the first quarter, which contributed significantly to the positive return as interest rates declined. At the same time, the fund’s investments in the secondary market at elevated credit spreads added value as spreads narrowed during the second half of the quarter. During the period, the fund increased its holdings in subordinated bonds from SBAB, SEB, DNB, Storebrand, and Sydbank, as well as senior bonds from Lantmännen, Humlegården, Klarna Bank, Platzer, Fastpartner, and Vimian Group.

At the end of the quarter, the fund maintained a high interest rate duration, as we see potential for falling market rates. This is in line with expectations that both the Riksbank and the European Central Bank will need to stimulate the economy to support growth, while inflation has declined sharply and the Swedish krona has strengthened significantly—both against the dollar and the euro.

Portfolio distribution 30.06.2025

Geographic breakdown 30.06.2025

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