Handelsbanken Euro Corporate Bond Fund (A9 EUR)

Legal name: Handelsbanken Euro Corporate Bond Fund (A9 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.

The fund invests in interest-bearing financial instruments, denominated in EUR, SEK, DKK and NOK, that are issued by companies, mortgage institutions and states. A maximum of 2% of the fund's value may have exposure to currency risk in SEK, NOK or DKK. Investments are made primarily in companies with high credit worthiness, so-called Investment Grade. In addition, the fund may invest a maximum of 30% in High Yield companies, i.e., below Investment Grade, alternatively an equivalent internal rating. The average residual duration of the fund's 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).

Fund manager

Karin Göransson Experience in the fund industry 2006. Portfolio Manager since 1 January 2019.

Risk 2/7

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. Given that the fund does not have five years of historical performance, the risk indicator has been estimated based on the fund’s benchmark index (see above under the heading, Objectives and Investment Focus).

This shareclass belongs to category 2, which means there is a 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 normally consists of holdings with a longer fixed interest duration, which results in a higher 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 concentrated to one region, the fund normally has a higher risk relative to investments that are allocated with a larger geographical distribution and 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 include assets with low credit worthiness, so-called high yield.

The fund invests in corporate bonds for which liquidity is frequently lower, and the variation in liquidity is considered to be higher relative to the fixed income market in general. This can impact the fund's ability to manage significant outflows at a relatively low cost.

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™

31.03.2025

The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
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).

31.01.2025

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 EUR

2025

1 year

3 years

5 years

10 years

Handelsbanken Euro Corporate Bond Fund (A9 EUR) (EUR)

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.

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Historical rates

Performance

Rate 17.04.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
104.62 EUR	0.73%	1.14%	1.13%	0.84%	5.46%	-	-

Portfolio 16.04.2025

Portfolio manager comments — Q1 2025
The financial markets experienced turbulence during the first quarter of 2025. Donald Trump took office as president and immediately began with threats of high tariffs across the world. Trump’s rhetoric resulted in significant declines on the stock markets, particularly in the US. Tariffs, together with rising inflation, have without a doubt had an impact on the markets. Once again, there are concerns about a recession and lower growth.

At the same time in Europe the tone was different. During Q1 massive fiscal stimulus packages for defense have been proposed. A reform of the so-called “debt brake” has been proposed in Germany as well as an infrastructure fund of EUR 500 billion. The news had such a significant impact on the German 10-year yield that it noted its highest daily upturn since 1990, with a rise of almost 30 bps. In addition, the yield curves rose sharply.

Actions by the central banks have been mixed. The US central bank (FED) left the key rates unchanged, while the European Central Bank (ECB) cut rates in January as well as in March. The credit markets have also been impacted by concerns about tariffs and spreads have narrowed slightly for IG credits, while they have widened slightly for High yield credits. The interest rate movements in particular had an impact on returns in the fund.

The fund had a slightly long position in duration during the quarter and was positioned for steeper yield curves. The latter contributed positively to returns, as did the holdings in Sato and Castellum.

The fund is retaining its slightly longer duration positioning as well as steeper yield curves into Q2.

Portfolio distribution 31.03.2025

Geographic breakdown 31.03.2025

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.