Factsheet and Information Brochure
Factsheet
Performance Fee (865 kB)
Target Market
Costs and charges
Fund rules (193 kB)
Prospectus (1429 kB)
Periodic reports
Sustainability SFDR (370 kB)
Annual review (PF) (2894 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (145 kB)
Handelsbanken Räntestrategi (B10 SEK)
Legal name: Handelsbanken Räntestrategi (B10 SEK)
Alternative Fund Registered in Sweden (Non-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 an actively managed fixed income fund. The fund is a non-UCITS fund and differentiates itself from a securities fund by having significant holdings in government securities issued by individual states. The fund invests in interest-bearing securities in various currencies issued by states, municipalities and companies. A maximum of 2% of the fund's value may have exposure to currency risk.
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).
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
Joakim Buddgård Experience in the fund industry 2006. Portfolio Manager since 10 June 2015.
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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.
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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). |
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The fund does not have a sustainability rating. This can in part be due to that fund has not had a fund portfolio in which 67% of the holdings have been able to be analyzed over the most recent 12 months. Another reason can be that there are fewer than 30 funds in the same global Morningstar category that could be evaluated pursuant to the above. The rating is developed by the independent fund information company Morningstar. The fund complies with the UN Principles for Responsible Investments. |
Graph
Performance
| Rate 24.03.2020 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 97.91 SEK | 0.99% | 0.98% | 0.99% | - | 0.99% | - | - |
Portfolio 26.04.2024
Fund performance was positive during Q1 2024. The period was marked by increased risk appetite and positive performance in the equity and credit markets. The central banks’ reversal on rate cuts at the end of 2023 eased the financial environment. Together with an expansive fiscal policy, increased liquidity and US consumers that remain strong, the sentiment has strengthened expectations for further strong corporate earnings. The fund’s holding in corporate bonds was therefore the strongest positive contributor to returns.
Inflation data was higher than forecast during Q1 and it is not difficult to identify unsettling upside risks. Central banks were therefore forced to signal that they are in no hurry to cut rates, which led to rising market rates.
The fund has had a small position for lower short- to medium term rates in the US since year-end 2023, which had a negative impact on returns. Our baseline scenario continues to require a recession even in the US to bring the inflation rate down to a sustainable level. In the absence of a recession, inflation will likely rise again. We also believe that long-term rates will hold, despite cuts to key rates, due to an increased supply and higher risk premiums. The fund is therefore retaining the large positions for steeper yield curves between two and ten years in the US, Europe and Sweden. These positions had a negative impact on returns during Q1. On the positive side, the fund had positions for a higher 5-year rate in Sweden relative to Germany, which had a positive impact on returns.
Portfolio distribution
Geographic breakdown 30.04.2024
