Handelsbanken Euro Obligation (A10 EUR)

Legal name: Handelsbanken Euro Obligation (A10 EUR)
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 (151 kB)
Prospectus (439 kB)
Periodic reports
Annual review (PF) (2121 kB)
Semi-annual report (PF) (190 kB)
Marketing material
Brief fund information 
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 denominated in euro. The fund’s assets shall be invested in interest-bearing securities issued or guaranteed by a state, municipality or by a government or municipal authority or by some intergovernmental agency in which one or several states are members, as well as in covered bonds.

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, 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 is between two and ten years.

The fund is not permitted to invest in corporate bonds due to its investment focus, which by definition means that controversial sectors are excluded.
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 Eurozone Government Bond Index TR. 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.

Performance

In percent including distribution
The bar chart above shows the fund’s historical performance in EUR, 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 0.63 0.96
2023 6.44 6.70
2022 -17.10 -18.11
2021 -3.46 -3.40
2020 5.26 4.91
Average. perf. Fund 1 Index 2
2 years 2.29 2.78
3 years -3.87 -4.05
5 years -2.38 -2.58
10 years 0.46 0.38
     

Largest holdings 31.10.2024

Interest Rate Swap-EUR-20270319 Pay 34.35%
Euro Schatz Future Dec 24 16.59%
Euro Bobl Future Dec 24 10.26%
Italy (Republic Of) 1.85% 9.56%
Italy (Republic Of) 2.1% 5.96%
Italy (Republic Of) 3.4% 5.74%
Italy (Republic Of) 4% 4.77%
Spain (Kingdom of) 6% 4.38%
Euro OAT Future Dec 24 4.08%
France (Republic Of) 0.25% 4.01%

Duration 31.10.2024

7.54 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 7.33%
Total risk in index 7.72%*
Tracking error 0.75%*
Information ratio 0.25*
Sharpe ratio -0.84
Sharpe ratio index -0.82*
Key figures for risk follow-up

Facts

Fund Facts
Fund managed by Joakim Buddgård
Country of registration Sweden
Main category Bond Fund
Sub category EUR
Fund, date of launch 26.09.2014*
Share class, date of launch 23.02.2018
Fund assets 1,273 MSEK (31.05.2024)
Reporting Currency EUR
Trading Currency -
Instrument category Uncomplicated
UCITS Yes
ISIN SE0010769604
Short name EOA10E
Available for sale Finland, 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

* The fund's historical price prior to the launch date is attributed to the merger between Placeringsfonden Handelsbanken Euro-obligation (Finland) and Handelsbanken Euro Obligation (Sweden), which occurred on 26 September 2014. The investment focus will be unchanged after the merger and Handelsbanken Fonder AB (Sweden) will remain as the management company after the funds' merger.