Factsheet and Information Brochure
Factsheet
Performance Fee (888 kB)
Target Market
Costs and charges
Fund rules (211 kB)
Prospectus (1434 kB)
Periodic reports
Sustainability SFDR (925 kB)
Annual review (PF) (2884 kB)
Semi-annual report (PF) (196 kB)
Marketing material
Brief fund information
Summary SFDR (145 kB)
Handelsbanken Räntestrategi Plus
Legal name: Handelsbanken Räntestrategi Plus (A1 SEK)
Alternative Fund Registered in Sweden (Non-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 a special fund (non-UCITS) and differentiates itself from a securities fund by having significant holdings in government securities issued by individual states. The fund invests in interest-bearing securities denominated in various currencies that are issued by states, municipalities and companies. The fund may have a negative average remaining fixed interest period in an effort to create positive returns.
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).
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
Joakim Buddgård Experience in the fund industry 2006. Portfolio Manager since 3 September 2015.
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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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30.06.2024
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The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
Read more about the fund's rating |
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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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31.05.2024
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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 19.07.2024 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
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| 110.84 SEK | 0.16% | 0.86% | 1.65% | 1.09% | 5.94% | 10.28% | - |
Portfolio 11.07.2024
Portfolio manager comments — Q2 2024
Global rates rose in Q2. The positive performance in risk assets, strong consumer demand and growing concerns about a more prolonged inflation led the market to price out additional rate cuts from both the US central bank and the European Central Bank. In contrast, interest rates fell in Sweden when the Riksbank signaled for an additional two to three cuts during the year following its first cut in May.
The difference in interest rate paths had a negative impact on fund returns since we have positions for a higher 5-year rate in Sweden relative to Germany. We remain confident about this position as it is largely driven by expectations on key rates, which we expect will balance out over time, as well as by volatile flows from systematic actors.
The fund has had a small position for lower medium term rates in the US since year-end 2023. This position was increased at the end of April when we also opened a corresponding position in German rates. Overall, these positions weighed on returns slightly during the quarter. Our baseline scenario continues to require a recession even in the US to bring the inflation rate down to a sustainable level. We also believe that long-term rates will hold, despite cuts to key rates, due to an increased supply and higher risk premiums. The fund is therefore retaining the large positions for steeper yield curves between two and ten years in the US, Europe and Sweden. These positions had a positive impact on returns during Q2.
However, the fund’s positions in emerging market bonds weighed on returns, driven by declining currencies in Mexico and Brazil due to political unrest.
Portfolio distribution
Geographic breakdown 30.06.2024
