About the fund
Carnegie High Yield is a broad fixed income fund that invests in high-yield corporate bonds throughout the Nordic region.
Fund manager
Niklas Edman
MSc Business Administration. Employed since 2013 and has worked in the industry since 2007.
Gustav Ekhagen
PDF for download
Fees and trading
- Management fee/year
- 1.06%
- Minimum deposit lump-sum/monthly
- 0kr/0kr
- Price listing
- Daily
Basic facts
- Legal Seat
- LU
- Start date
- 2021-10-15
- ISIN Code
- LU2348699229
Fund data
- Risk class
-
1234567
- Benchmark index
- -
- Swing pricing
- -
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.
Benchmark index
No benchmark index is used since there is no available index that corresponds well with the fund’s investment policy.
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.