Objectives and Investment Policy
The objective of the fund is to attain returns that outperform the returns in the Swedish fixed income market over the long term. The fund invests in interest-bearing securities in SEK issued by a state, a municipality, or by a government or municipal authority in a country within the EEA or by an intergovernmental agency in which one or several states within the EEA are members, as well as in covered bonds. Fund returns are determined by how the fund's investments in interest-bearing instruments increase or decrease in value.
The fund's assets may be invested in interest-bearing financial instruments with a minimum rating of AA- from Standard & Poor's or Nordic Credit Rating or a minimum rating of Aa3 from Moody's, an equivalent alternative of the two, or where the Management Company has determined the credit worthiness and bear a rating that is equivalent to the aforementioned ratings.
The average residual fixed interest duration for fund investments is between zero and 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 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.
We compare the fund's performance with HMNI Swe All Mortgage Dur Const 2.5Y (30%), HMNI Swe All Government Dur Const 5Y (50%), HMNI Swe Government Dur Const 1Y (20%). 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 3 years.