Factsheet and Information Brochure
Factsheet
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Prospectus (1279 kB)
Periodic reports
Sustainability SFDR (877 kB)
Annual review (PF) (2823 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (144 kB)
Handelsbanken Hållbar Global High Yield (A9 SEK)
Legal name: Handelsbanken Hållbar Global High Yield (A9 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.
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).
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 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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29.02.2024
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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 08.05.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 108.66 SEK | 0.77% | 0.43% | 1.66% | 2.26% | 8.37% | - | - |
Portfolio 26.04.2024
Fund performance was positive during Q1 2024 and the fund rose 1.66% in SEK. Following the strong close to 2023, portions of the movement were reversed with a slight rise in interest rates and a widening of credit spreads. Risk sentiment was strong during the remainder of the quarter and the prices for risk assets were higher than at the outset of the year, which in summary led to a strong market.
The global economy continued with inflation that was higher than long-term targets, with strong growth and a robust labor market. Consequently, we are retaining our view that a downturn in the economic activity, with lower profit margins and higher unemployment, is necessary to be able to bring inflation back to target levels. The fund remains positioned for a weaker risk sentiment with a slightly longer duration and a slightly lower credit risk than its benchmark index.
The holding in Banco de Credito Social Cooperativo SA posted strength in the period. The company is a small Spanish bank that has performed well in light of the strong economic growth in Spain that has resulted in the market’s pricing in of outlooks for positive change to the country’s credit rating. Another example is the Norwegian packing company BEWI ASA, which has shown financial strength in a difficult market that led to higher prices for bonds at the outset of the year. The most negative contributor was the exposure to Swedish real estate companies. These companies posted strength in the strong risk sentiment at the end of 2023 but prices have subsequently normalized. We decreased the holdings in Picard Groupe SA and National Bank of Greece in the period.
Activity in High Yield increased on the issues side during the quarter, which resulted is additional sustainable issues. The fund participated in the 5-year green bond issue by the German subcontractor ZF Friedrichshafen AG.