Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (150 kB)
Prospectus (1480 kB)
Periodic reports
Sustainability SFDR (1045 kB)
Annual review (PF) (3161 kB)
Semi-annual report (PF) (200 kB)
Marketing material
Brief fund information
Summary SFDR (172 kB)
Handelsbanken Institutionell Kortränta (B1 SEK)
Legal name: Handelsbanken Institutionell Kortränta (B1 SEK)
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 actively managed and may invest in interest-bearing securities denominated in SEK, EUR, USD, GBP, CHF and JPY. However, a maximum of 2% of the fund's value may be exposed to currency risk. Depending on the state of the market, the fund invests in a larger or smaller proportion of interest-bearing securities issued by companies. The average residual fixed interest duration of the fund's investments varies between one day and one year.
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).
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 manager
Klas Wennerstein Experience in the fund industry 2014. Portfolio Manager since 1 March 2025.
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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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31.10.2024
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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 17.04.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 99.99 SEK | 0.07% | 0.23% | 0.62% | 0.75% | 3.94% | 11.07% | - |
Portfolio 16.04.2025
Portfolio manager comments — Q1 2025
The Swedish credit market continued to show stability and delivered good returns during Q1 2025. The flows into the credit market continued to contribute to companies’ ability to refinance, which had a positive impact on the fund’s returns.
During the quarter the US central bank (FED), the European Central Bank (ECB) and the Riksbank held monetary policy meetings and announced their key rates. The FED chose to leave key rates unchanged in the interval 4.25% – 4.50%, with continued focus on inflation growth before any easing would be considered. The forecast for GDP growth in the US was revised downward, and several analysts are now expecting a growth of between 1.7% and 1.9% for 2025, compared to previous estimates of over 2%. At the same time, inflation forecasts were adjusted upward, with an expected average inflation of 2.5% – 2.8% during the year. The FED signaled that cuts to interest rates could occur later in the year but emphasized that clearer evidence would be necessary to show that inflation is under control before any decision could be made. The ECB cut their deposit rate twice during the quarter. The first cut occurred in January when the rate was lowered by 25 bps to 2.75%. The second cut was made in March and the deposit rate was lowered to 2.50%.
The ECB justified the cuts with the continued decline in inflation and the need to stimulate the economy. At the same time, the growth forecast for the eurozone was adjusted downward to 0.9% for 2025. The Riksbank cut its key rate by 25 bps to 2.25%, which is a total rate cut of 175 bps since May 2024.
The Riksbank emphasized that future cuts will depend on the economic development and inflation outcomes, but the capacity for further easing is limited.
The fund continues to be overweight in banks and companies with low debt, while we are more cautious with sectors linked to the auto industry as we see a risk for the spreads to continue to widen. Q1 was a strong period for issues in the credit market, both in SEK and in EUR. The fund is retaining a strong liquidity position and a portfolio with high-quality credit.
The fund changed its portfolio manager to Klas Wennerstein on 1 March.
Portfolio distribution 28.02.2025
Geographic breakdown 28.02.2025
