Factsheet and Information Brochure
Factsheet
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Brief fund information
Summary SFDR (142 kB)
Handelsbanken USA Index Criteria (B1 EUR)
Legal name: Handelsbanken USA Index Criteria (B1 EUR)
Equity 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.
Objectives and Investment Policy
The fund is an index fund and its objective is to track the performance of the Solactive ISS ESG Screened Paris Aligned US Index NTR as closely as possible. The fund is passively managed.
Fund returns are determined by how the fund's investments in equities increase or decrease in value. The index will be replicated through optimized (sample-based) physical replication, which means that the fund invests directly in a larger selection of the equities included in the index. The fund may also be invested in all of the equities included in the index. Tracking error is expected to be less than 0.2% under normal market conditions. The management fee, as well as customer flows, index rebalancing and corporate events result in transaction costs for the fund, which are not present in the index. These are the main factors that impact the fund’s ability to replicate the index. The index is reinvested, i.e., distributions paid for equities included in the index are reinvested in the index after tax adjustments. The index consists of large and midsized U.S. companies listed on the U.S. stock exchanges, with the exception of those companies that do not fulfil the sustainability requirements of the index.
The sustainability requirements in the index aim to reduce carbon emissions. The companies in the index are selected and weighted in such a manner that the index portfolio's emissions of greenhouse gases are aligned with the long-term global warming targets in the Paris Agreement. The sustainability requirements in the index also provide for the exclusion of companies involved in verified violations of international norms, companies that cause significant harm to environmental goals, as well as companies that are active within controversial sectors.
The fund can invest in derivative instruments as part of the fund’s investment focus. However, the use of derivative instruments is of such a nature that it only has a marginal impact on the fund’s risk level.
The share class normally distributes dividends in March each year. The objective is to annually distribute 3,5% of the value of the units at the time of the Management Company’s decision about distributions. However, distributions can be both higher and lower.
Normally, you may purchase and sell fund units every banking day.
Additional information about the sustainability work, the share class designation in parentheses and the management in relation to the funds benchmark index, may be found in the prospectus.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 5 years.
Performance
In percent including distribution
The bar chart above shows the fund’s historical performance in EUR, net of fees. If the fund pays dividends, performance is calculated with the distribution added back. Inflation has not been taken into account.
| Performance | Fund 1 | Index 2 |
|---|---|---|
| 30.04.2024 | 8.93 | 8.95 |
| 2023 | 23.44 | 23.40 |
| 2022 | -16.12 | -16.11 |
| 2021 | 35.91 | 36.00 |
| 2020 | 13.83 | 13.98 |
| Average. perf. | Fund 1 | Index 2 | 2 years | 11.06 | 11.06 |
|---|---|---|
| 3 years | 10.76 | 10.77 |
| 5 years | 14.31 | 14.36 |
| 10 years | 15.00 | 15.15 |
Distribution
| Date | EUR | Distribution of fund profits |
|---|---|---|
| 14.03.2024 | 0.40 |
Style Box™ 30.04.2024
Risk measures (3 years) 30.04.2024
| Total risk | 15.54% |
| Total risk in index | 15.54%* |
| Tracking error | 0.04%* |
| Information ratio | -0.38* |
| Sharpe ratio | 0.59 |
| Sharpe ratio index | 0.59* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Caroline Mebius |
| Country of registration | Sweden |
| Main category | Equity Fund |
| Sub category | North America |
| Fund, date of launch | 30.08.2011 |
| Share class, date of launch | 29.11.2023 |
| Fund assets | 55,069 MSEK (31.12.2023) |
| Reporting Currency | EUR |
| Trading Currency | - |
| Instrument category | Uncomplicated |
| UCITS | Yes |
| ISIN | SE0021147840 |
| Short name | USAB1E |
| Available for sale | Finland, Sweden |
| Fund Company Facts | |
|---|---|
| Management Company | Handelsbanken Fonder AB |
| Approval of fund operations | 06.05.1991 |
| Other approvals |
Discretionary Asset Management Manager of Alternative Investment Funds (AIFs) Provide investment advice Receive and forward orders
|
| Custodian Institution | J. P. Morgan SE - Stockholm Bankfilial |
| Legal domicile of fund | Stockholm, Sweden |
| Regulation Authority | Swedish Financial Supervisory Authority |
| Auditor | PricewaterhouseCoopers |
| Complaints Manager | Jörgen Larson |