Objectives and Investment Policy
The fund is actively managed, which means that the portfolio manager takes active, independent investment decisions. The long term objective of the fund is to exceed the returns of the underlying market, defined as the benchmark index.
Fund returns are determined by how the fund's investments in interest-bearing instruments increase or decrease in value. The fund invests in corporate bonds and subordinated loans in sound Nordic banks and financial institutions, as well as in senior loans in companies with high-quality credit, corporate bonds and subordinated loans. A maximum of 50% of the fund’s value may be invested in interest-bearing securities issued by issuers not domiciled in Norway. The assets stated above can be denominated in different currencies.
A maximum of 2% of the fund’s value may have exposure to a currency other than NOK.
A maximum of 50% of the fund’s value may be invested in interest-bearing financial instruments in which the rating is within the BB segment (BB+/BB/BB-) from Standard & Poor's or Nordic Credit Rating or within the Ba segment (Ba1/Ba2/Ba3) from Moody's, an equivalent alternative of the two, as well as in instruments in which the Management Company has determined the credit worthiness and bear a rating that is equivalent to the aforementioned ratings. The remainder may be invested within the so-called Investment Grade segment.
The fund may have a maximum modified duration of one. The credit duration is limited to up to 3 years.
International norms and guidelines for the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund’s investment focus.
The fund may invest in derivative instruments as part of its investment focus. The fund may invest a maximum of 10% of the fund capital in fund units.
We compare the fund's performance with Solactive ESG Nordic 0-1y NOK Hedged TR Index. As the fund is actively managed the performance will over time deviate from this index.
The shareclass does not distribute dividends. All income is reinvested in the fund. Normally, you may purchase and sell fund units every banking day.
Refer to the Prospectus for additional information on the designation of the share class within parentheses and management relative to the fund’s benchmark index and risk level.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 1 years.