Handelsbanken Företagsobligation Investment Grade (B5 SEK)

Legal name: Handelsbanken Företagsobligation Investment Grade (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.

The fund invests in interest-bearing financial instruments, denominated in SEK and EUR, that are issued by companies, mortgage institutions and states. The fund's investments have a credit rating within Investment Grade. The average residual duration for the fund's investments total a maximum of 5 years. The fund's value growth varies over time and is impacted primarily by the credit market. Holdings are currency hedged in SEK.

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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Fund manager

Erik Gunnarsson Experience in the fund industry 2006. Portfolio Manager since 3 May 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 one country or a limited number of countries, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution across several regions or countries.

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.

The fund invests in corporate bonds for which liquidity is frequently lower, and the variation in liquidity is considered to be higher relative to the fixed income market in general. This can impact the fund's ability to manage significant outflows at a relatively low cost.

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™

30.06.2025

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

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.

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 Företagsobligation Investment Grade (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.

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Historical rates

Performance

Rate 10.07.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
96.09 SEK	-0.08%	0.38%	1.28%	1.84%	3.74%	10.69%	-

Portfolio 10.07.2025

Portfolio manager comments — Q2 2025

Fund performance was positive during the quarter, rising by just over 1,2% 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 primarily to the banking and financial sector among issuers with high credit quality. 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 in Q2 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 period, the fund increased its holdings in bonds from SBAB, Vasakronan, Ziklo Bank, Sydvatten, Nibe, Latour, and Klarna Bank. The fund also maintained its allocation to corporate certificates, which performed well during the period of rising volatility.

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

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.