Factsheet and Information Brochure
Factsheet
Performance Fee (865 kB)
Target Market
Costs and charges
Fund rules (193 kB)
Prospectus (1399 kB)
Periodic reports
Sustainability SFDR (924 kB)
Annual review (PF) (2894 kB)
Semi-annual report (PF) (199 kB)
Marketing material
Brief fund information
Summary SFDR (171 kB)
Handelsbanken Räntestrategi (B1 SEK)
Legal name: Handelsbanken Räntestrategi (B1 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.
Objectives and Investment Policy
The fund is an actively managed fixed income fund. The fund is a non-UCITS fund and differentiates itself from a securities fund by having significant holdings in government securities issued by individual states.
Fund returns are determined by how the fund's investments in interest-bearing instruments increase or decrease in value. The fund’s objective is to attain high risk-adjusted returns through active positions in the global fixed income markets. In addition, the objective is to generate positive returns regardless of whether market rates rise or fall.
The fund invests in interest-bearing and interest-related financial instruments in various currencies issued by states, municipalities and companies. These investments shall have a minimum credit rating of BBB- from Standard & Poor’s or Nordic Credit Rating, or 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 the absence of an official credit rating. The fund may invest in interest rate derivatives, such as forward contracts, repurchase agreements and swap contracts. The average remaining fixed interest period may be negative in an effort to create positive fund returns.
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, war materials, 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 SHB Government Rate Index 3M SEK. 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 2 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 | 3.84 | 3.16 |
| 2023 | 5.96 | 3.62 |
| 2022 | -1.18 | 0.76 |
| 2021 | 0.21 | 0.00 |
| 2020 | 1.40 | 0.00 |
| Average. perf. | Fund 1 | Index 2 | 2 years | 5.19 | 3.55 |
|---|---|---|
| 3 years | 2.85 | 2.50 |
| 5 years | 2.03 | 1.50 |
| 10 years | - | - |
Distribution
| Date | SEK | Distribution of fund profits |
|---|---|---|
| 14.03.2024 | 2.55 | |
| 23.03.2023 | 1.97 | |
| 15.03.2022 | 0.99 | |
| 18.03.2021 | 1.01 | |
| 06.03.2020 | 0.00 |
Largest holdings 31.10.2024
| 3 Month SOFR Future June 25 | 21.74% |
| Interest Rate Swap-USD-20261218 Pay | 14.62% |
| Interest Rate Swap-EUR-20270319 Pay | 13.53% |
| Interest Rate Swap-SEK-20270319 Pay | 13.20% |
| Interest Rate Swap-EUR-20300319 Pay | 11.03% |
| 5 Year Treasury Note Future Dec 24 | 8.71% |
| Euro Bobl Future Dec 24 | 4.33% |
| Swedish 5 Year Stadshypotek Future Dec 24 | 2.76% |
| Stadshypotek AB 2% | 1.83% |
| Nordea Hypotek AB 1% | 1.61% |
Style Box™ 28.02.2019
Duration 31.10.2024
| 1.12 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 | 1.50% |
| Total risk in index | 0.46%* |
| Tracking error | 1.24%* |
| Information ratio | 0.28* |
| Sharpe ratio | 0.47 |
| Sharpe ratio index | 0.78* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Joakim Buddgård |
| Country of registration | Sweden |
| Main category | Alternative Fund |
| Sub category | - |
| Fund, date of launch | 30.03.2004 |
| Share class, date of launch | 03.06.2015 |
| Fund assets | 14,089 MSEK (31.10.2024) |
| Reporting Currency | SEK |
| Trading Currency | - |
| Instrument category | Complicated |
| UCITS | No |
| ISIN | SE0007157946 |
| Short name | RÄSTCU |
| 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 |