Factsheet and Information Brochure
Factsheet
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Fund rules (152 kB)
Prospectus (1390 kB)
Periodic reports
Sustainability SFDR (369 kB)
Annual review (PF) (2856 kB)
Semi-annual report (PF) (192 kB)
Marketing material
Brief fund information
Summary SFDR (145 kB)
Handelsbanken Ränteavkastning (B10 SEK)
Legal name: Handelsbanken Ränteavkastning (B10 SEK)
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.
The fund is actively managed and invests in fixed income 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. The average residual fixed interest duration for fund investments is between 0 and 7 years.
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
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).
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
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
Mikael Rosell Experience in the fund industry 1997. Portfolio Manager since 15 October 2018.
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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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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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The fund does not have a sustainability rating. This can in part be due to that fund has not had a fund portfolio in which 67% of the holdings have been able to be analyzed over the most recent 12 months. Another reason can be that there are fewer than 30 funds in the same global Morningstar category that could be evaluated pursuant to the above. The rating is developed by the independent fund information company Morningstar. The fund complies with the UN Principles for Responsible Investments. |
Graph
Performance
| Rate 24.03.2020 | 1 week | 1 month | 3 months | 2024 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 1,143.02 SEK | 1.00% | 0.99% | 1.00% | - | 1.00% | - | - |
Portfolio 17.10.2024
Portfolio manager comments — Q3 2024
Fund performance was positive and rose 2.6% in SEK during Q3, which was characterized by declining interest rates. Several central banks lowered their key rates and signaled that further cuts would be likely in the coming months. The concern that inflation would become entrenched at levels that were too high has been replaced by a growing concern for weakening growth outlooks and rising unemployment. The US central bank (FED) lowered its rate by 50 bps, while the European Central Bank cut its rate by 25 bps. The Riksbank, which began its cycle of rate cuts already in Q2, followed this up with two additional cuts at 25 bps.
We believe that a broad downturn in economic activity, declining profit margins and higher unemployment will be necessary to return inflation to target levels. The economy has slowed somewhat, although the monetary policy has a clear time lag. We expect the effects of previous rate cuts will continue to have a negative impact on the economy in the upcoming quarters. Despite the recent rate cuts, we believe that the risk for a recession remains high and that the labor market may weaken further.
The fund remains positioned for a steeper yield curve, which was favorable during the quarter. We believe that the position provides good protection against clear economic headwinds, a high risk for a recession and a vulnerable market sentiment.
The weaker outlooks for public finances and the Riksbank’s active sale of government bonds (QT) will continue to increase the supply of these bonds. As a result, we are maintaining an overweight in other AAA-rated bonds, such as covered mortgage bonds and bonds issued by Swedish municipalities. In an effort to further increase the fund’s resilience, we increased the fund’s duration in short-term bonds and continued to reduce the exposure in less liquid bonds that are more reliant on a positive risk appetite.
Portfolio distribution 31.10.2024
Geographic breakdown 31.10.2024
