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Periodic reports
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Annual review (PF) (3123 kB)
Semi-annual report (PF) (191 kB)
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Brief fund information
Summary SFDR (173 kB)
Handelsbanken Hållbar Global High Yield
Legal name: Handelsbanken Hållbar Global High Yield (A1 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 an actively-managed fixed income fund that invests in green and/or social bonds in which the borrowed capital is used for projects and activities to promote efforts related to sustainability and the environment or in bonds issued by issuers that support a sustainable development in line with the Sustainable Development Goals. The fund invests worldwide in bonds with lower creditworthiness, so-called high yield, which results in higher risk as well as a greater potential for returns. The fund has an average duration between 2 and 6 years and the holdings are 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 9 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
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 9 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.Read more
Fund manager
Klas Wennerstein Experience in the fund industry 2014. Portfolio Manager since 24 May 2022.
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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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The fund has sustainable investments as its objective. Accordingly, the fund invests in companies with products and services that are considered as contributing positively to the direct fulfillment of one or several of the targets in Agenda 2030. Refer to the fund's prospectus for additional information. The fund is reported as an Article 9 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR). Read more |
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30.04.2025
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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
Performance
| Rate 10.07.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 112.93 SEK | 0.15% | 0.73% | 3.49% | 2.28% | 5.62% | - | - |
Portfolio 10.07.2025
Portfolio manager comments — Q2 2025
Fund performance was positive during the quarter, rising by 2% in SEK.
Fund performance was positive during the quarter, rising by 2% in SEK.
Relative to its benchmark index*, the fund underperformed, primarily due to the strong risk sentiment in the US credit market. The second quarter began with high uncertainty in financial markets following the US introduction of general import tariffs against virtually the rest of the world. This triggered sharp reactions across global markets, resulting in falling government bond yields, widening credit spreads, broad equity market declines, and significantly higher volatility. Geopolitical tensions also increased, particularly due to the escalation of the conflict between Israel and Iran. We observed diverging central bank actions, with the ECB, Riksbank, and Norges Bank cutting policy rates to stimulate the economy and support weak growth. Meanwhile, the US Federal Reserve chose to keep rates unchanged, as the introduction of tariffs risks pushing inflation higher while the labor market remains strong. Following Liberation Day, the primary market activity slowed considerably, but has since rebounded with high issuance volumes.
The fund remains cautiously positioned in terms of credit risk, particularly in the US credit market, where we believe performance may weaken going forward and where running yields are significantly lower than in other regions. At the same time, risk sentiment in the US credit market has been exceptionally strong, and the fund’s underweight in this segment has been the weakest contributor to performance.
In this environment of geopolitical uncertainty and falling government bond yields, the fund’s exposure to the real estate sector performed well, as the sector has low sensitivity to tariff-related developments. Duration positioning remains neutral. During the month, the fund participated in the issuance of Munters Group AB’s new green bond framework.
*Solactive ISS ESG Screened USD EUR SEK NOK High Yield TR SEK Hedged Index.
Portfolio distribution 30.06.2025
Geographic breakdown 30.06.2025
