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 Nordic liquid interest-bearing securities issued by the Norwegian state, municipalities, counties, banks, credit institutions and covered bonds (equivalent to OMF in Norway).
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 fund’s modified duration has an interval of 0-1 and individual securities can have a fixed duration of up to 1 year. The credit duration is limited to one year.
International norms and guidelines for the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund’s investment focus.
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 NOK Fixed Duration 0.25 years Government Bonds & Bills Index. 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.
Refer to the Prospectus for additional information on the designation of the share class within parentheses and management relative to the fund’s benchmark index and risk level.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 0.25 years.