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High Yield Select 3 SEK Dist

25 January 2022
106.89 kr
One day
-0.02%
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High Yield Select 3 SEK Dist
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About the fund

Carnegie High Yield is also available in share classes: 3 (SEK), 3 (NOK)

Carnegie High Yield Select invests in bonds issued by Nordic companies. The fund focuses exclusively on high-yield corporate bonds, which have a slightly higher risk level and therefore a somewhat higher yield.

The investments are never made in a specific sector, country or currency and the analysis always starts with, and selects, companies that the portfolio managers want to invest in; companies that they have confidence in for the long term.

The average term to maturity of the Carnegie High Yield portfolio is 3-5 years, by may periodically be longer or shorter. The fund is traded on a daily basis and unit holders are not locked in. In order to always offer good liquidity, parts of the fund are invested in highly liquid assets. All holdings in foreign currencies are hedged against Swedish kronor so that unitholders avoid any currency risk.

Carnegie High Yield Select 3 (SEK Dist) pays quarterly dividends.

Would you like to invest in Carnegie High Yield Select ?
Call us on +46 8 121 550 00.

Fund manager

Niklas Edman

MSc Business Administration. Employed since 2013 and has worked in the industry since 2007.

Daniel Gustafsson

Fees and trading

Management fee/year
1.04%
Management fee/year

0,85 procent + rörligt arvode på 20 procent för all avkastning över Stibor 90 dagar + 2 procentenheter. Den resultatbaserade avgiften beräknas dagligen och tas kollektivt ur fonden. Den sammanlagda årliga fasta och resultatbaserade avgiften får högst uppgå till 2 procent av fondens värde räknat på rullande 12 månader.

Minimum deposit lump-sum/monthly
50,000kr/0kr
Price listing
Daily

Basic facts

Legal Seat
LU
Start date
2017-11-22
ISIN Code
LU1627770925
Morningstar rating

Fund data

Risk class
1
2
3
4
5
6
7
Risk category

The seven-point risk scale is common to funds in the EU. Risk category 1 represents the lowest risk but also the lowest possibility of returns. Seven is the highest risk with higher possibility of returns. The risk category is based on how the fund's value has fluctuated over the past five years.

Total risk
14.50%
Total risk

A measure of risk that measures value changes. Stated as a percentage. The higher the percentage, the higher the volatility. Calculated as the standard deviation of monthly returns for the fund during 24 months, multiplied by the square root of the number of months during the year.

Sharpe ratio
0.52
Sharpe ratio

The Sharpe ratio is a measure of risk that compares the actual return on the portfolio, minus the risk-free interest rate, to the total portfolio risk. Portfolio risk is defined as the standard deviation of returns over 24 months. This can be said to illustrate the payment you receive for the risk you take.

Churn
0.93 times/year
Churn

Churn measures how many transactions are made by the fund manager. It is defined as the lowest of the sum of purchased and sold securities, divided by the average net asset value of the fund. Churn is expressed as an annual rate.

Benchmark index
-
Benchmark index

No benchmark index is used since there is no available index that corresponds well with the fund’s investment policy.

Swing pricing
Yes, partial
Swing pricing

Swing pricing means that the fund’s NAV rate may be adjusted when the fund’s net flows (the sum of deposits and withdrawals in the fund) during a given day exceed a threshold value. The threshold value is an amount and is calculated by a percentage of the fund’s total value. This is called partial swing and is the method of swing pricing used by Carnegie Fonder. If the threshold value is exceeded, a swing factor is applied which is a certain percentage and which is judged to correspond to the costs of managing the net flows. The reason why swing pricing is used is that large transaction costs can arise with large net flows. In order for these costs not to affect other unit holders in the fund, they are instead charged to the unit holders who caused the flow by adjusting the NAV rate with the swing factor. The levels of the threshold and the swing factor are reviewed by Carnegie Fonder on a regular basis.

Swing factor
0.35

Articles

Nordic HY market appears very attractive
Carnegie High Yield Select

Nordic HY market appears very attractive

Covid, Covid, Covid! After dominating everything for almost a year, vaccine approvals and launches drove risk appetite this month as investors glimpsed a light at the end of the tunnel....

Niklas Edman 7 January 2021
Underlying yield: 15 percent
Carnegie High Yield Select

Underlying yield: 15 percent

The initial fall in prices was similar across the board, but pricing in April increasingly reflected underlying operations and the impact of Covid-19. That said, there are still big differences...

Niklas Edman 7 May 2020
Important characteristics going forward: Long-term stance and patience
Carnegie High Yield Select

Important characteristics going forward: Long-term stance and patience

Events in March were about nothing other than the global spread of the coronavirus and its impact on both the real economy and risk sentiment. The effects of this have...

Maria Andersson 6 April 2020