Handelsbanken Kortränta (A10 SEK)

Legal name: Handelsbanken Kortränta (A10 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 short-term interest-bearing securities issued by issuers and denominated in currencies within OECD. A maximum of 2% of the fund's value may have exposure to currency risk. Depending on the state of the market, the fund invests in a larger or smaller proportion of interest-bearing securities issued by companies. The average remaining fixed interest duration of the fund's investments vary between one day and one year.

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

Klas Wennerstein Experience in the fund industry 2014. Portfolio Manager since 1 March 2025.

Risk 1/7

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.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years.

This shareclass belongs to category 1, which means there is a very low risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

The risk in a fixed income fund is due in part to the average fixed interest duration on the fund’s holdings, i.e., the fund’s interest rate risk. The fund consists only of holdings with a shorter fixed interest duration which results in a lower interest rate risk.

The indicator primarily reflects the upturns and downturns in the value of the fund’s holdings in interest-bearing securities.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are made in one country or a limited number of countries, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution across several regions or countries.

The fund has exposure to credit risk, i.e., the risk that an issuer is unable to meet its commitments. The credit risk is derived from the issuer’s credit worthiness. The fund’s investments only include assets with high credit worthiness, so-called investment grade.

This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

Total Rating™

Given that the fund has less than three years of performance history, it is not rated.
Read more about the fund's rating

SFDR

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).

31.07.2024

Sustainability-
rating

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.

About Sustainabilty rating

The fund complies with the UN Principles for Responsible Investments.

Graph

Performance

Monthly savings

In percent including distribution in SEK

2025

1 year

3 years

5 years

10 years

Handelsbanken Kortränta (A10 SEK) (SEK)

Note that benchmark returns, unlike fund returns, do not take distributions into account. As a result, fund returns are higher than they would otherwise be relative to benchmark.

Compare funds

Historical rates

Performance

Rate 17.04.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
160.12 SEK	0.06%	0.22%	0.52%	0.76%	3.83%	10.97%	10.66%

Portfolio 16.04.2025

Portfolio manager comments — Q1 2025

The Swedish credit market continued to show stability and delivered good returns during Q1 2025. The flows into the credit market continued to contribute to companies’ ability to refinance, which had a positive impact on the fund’s returns.

During the quarter the US central bank (FED), the European Central Bank (ECB) and the Riksbank held monetary policy meetings and announced their key rates. The FED chose to leave key rates unchanged in the interval 4.25% – 4.50%, with continued focus on inflation growth before any easing would be considered. The forecast for GDP growth in the US was revised downward, and several analysts are now expecting a growth of between 1.7% and 1.9% for 2025, compared to previous estimates of over 2%. At the same time, inflation forecasts were adjusted upward, with an expected average inflation of 2.5% – 2.8% during the year. The FED signaled that cuts to interest rates could occur later in the year but emphasized that clearer evidence would be necessary to show that inflation is under control before any decision could be made. The ECB cut their deposit rate twice during the quarter. The first cut occurred in January when the rate was lowered by 25 bps to 2.75%. The second cut was made in March and the deposit rate was lowered to 2.50%.

The ECB justified the cuts with the continued decline in inflation and the need to stimulate the economy. At the same time, the growth forecast for the eurozone was adjusted downward to 0.9% for 2025. The Riksbank cut its key rate by 25 bps to 2.25%, which is a total rate cut of 175 bps since May 2024.

The Riksbank emphasized that future cuts will depend on the economic development and inflation outcomes, but the capacity for further easing is limited.

The fund continues to be overweight in banks and companies with low debt, while we are more cautious with sectors linked to the auto industry as we see a risk for the spreads to continue to widen. Q1 was a strong period for issues in the credit market, both in SEK and in EUR. The fund is retaining a strong liquidity position and a portfolio with high-quality credit.

The fund changed its portfolio manager to Klas Wennerstein on 1 March.

Portfolio distribution 28.02.2025

Geographic breakdown 28.02.2025

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.