Handelsbanken Kortränta SEK (B1 SEK)

Legal name: Handelsbanken Kortränta SEK (B1 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.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (190 kB)
Prospectus (1353 kB)
Periodic reports
Sustainability SFDR (924 kB)
Annual review (PF) (2872 kB)
Semi-annual report (PF) (196 kB)
Marketing material
Brief fund information 
Summary SFDR (171 kB)
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 interest-bearing securities in SEK issued by states and companies.

The fund's investments have a minimum rating of BBB- from Standard & Poor's or Nordic Credit Rating or a minimum rating of Baa3 from Moody's, alternatively an equivalent of the two. Depending on market conditions, the fund invests in a larger or smaller proportion of interest-bearing securities issued by companies.

International norms and guidelines with regard to the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund's investment focus. The fund applies an exclusion strategy in companies active within the fossil fuels, military equipment, tobacco, cannabis, alcohol, commercial gambling and pornography areas/sectors. The fund may invest in sustainable, social and green bonds issued by companies involved in power generation from fossil fuels.
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 OMRX Treasury Bill Index (75%), OMRX Mortgage Bond 1-3 y Index (25%). As the fund is actively managed the performance will over time deviate from this index.

The share class normally distributes dividends in March each year. The objective is to annually distribute 2,0% 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 and risk level, may be found in the prospectus.

Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 1 years.

Performance

In percent including distribution
The bar chart above shows the fund’s historical performance in SEK, 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
31.10.2024 3.70 3.34
2023 4.30 3.60
2022 -0.25 0.07
2021 0.17 -0.22
2020 0.55 -0.19
Average. perf. Fund 1 Index 2
2 years 4.22 3.57
3 years 2.57 2.30
5 years 1.68 1.28
10 years 0.82 0.34
     

Distribution

Date SEK Distribution of fund profits
14.03.2024 2.41
23.03.2023 1.88
15.03.2022 0.95
18.03.2021 0.96
06.03.2020 0.48

Largest holdings 31.10.2024

Stadshypotek AB 1% 4.57%
Swedbank Mortgage AB (publ) 1% 4.17%
Swedish 5 year Goverment Bond Future Dec 24 3.61%
Lansforsakringar Hypotek AB 1.25% 2.08%
Sweden (Kingdom Of) 0% 2.07%
Swedish 2 Year Stadshypotek Future Dec 24 2.05%
Stadshypotek AB 4.287% 1.71%
Sweden (Kingdom Of) 0% 1.68%
Sweden (Kingdom Of) 0% 1.67%
Skandinaviska Enskilda Banken AB (publ) 1% 1.67%

Duration 31.10.2024

0.65 years Duration for a fund is a measurement of the fund's sensitivity to changes in interest rates. The specific measurement used is a modified duration and indicates the estimated change to the fund's value when market rates increase or decrease by one (1) percentage point. Essentially, if market rates rise by 1% and the fund's duration is 4 years, fund returns will decrease by 4%, i.e., by the amount equivalent to the duration. The opposite applies when market rates decline, with returns increasing by the amount equivalent to the duration.

Risk measures (3 years) 31.10.2024

Total risk 0.83%
Total risk in index 0.75%*
Tracking error 0.31%*
Information ratio 0.86*
Sharpe ratio 0.51
Sharpe ratio index 0.21*
Key figures for risk follow-up

Facts

Fund Facts
Fund managed by Alexander Gullnäs
Country of registration Sweden
Main category Bond Fund
Sub category SEK
Fund, date of launch 02.01.1988
Share class, date of launch 14.11.2012
Fund assets 23,822 MSEK (31.10.2024)
Reporting Currency SEK
Trading Currency -
Instrument category Uncomplicated
UCITS Yes
ISIN SE0004869998
Short name RÄNTEU
Available for sale 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