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 fixed income securities and corporate bonds issued in Swedish crowns and euro. At least 50% of the fund’s value should be invested in corporate bonds. A maximum of 2% of the fund’s value may have exposure to currency risk in EUR.
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, 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. In addition, a maximum of 30% may be invested in interest-bearing financial instruments that lack a rating or in which the rating from S&P or Nordic Credit Rating is lower than BBB- down to a minimum of BB- or where the rating from Moody's is lower than Baa3 down to a minimum of Ba3, or where the Management Company has determined the credit worthiness and bear a rating that is equivalent to the aforementioned ratings.
The average residual maturity for the fund’s investments may be a maximum of seven years.
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 Solactive SEK Fix Short IG Credit 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.
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 2 years.