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Corporate Bond 3 SEK

30 November 2021
441.59 kr
One day
-0.05%
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Corporate Bond 3 SEK
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About the fund

Carnegie Corporate Bond is also available in the following share classes: 3 (NOK), 3 (EUR)1 (SEK Dist), 1 (EUR) and 3 (CHF)

Are you interested in an interest saving with a little higher risk, but at the same time greater potential for returns? Carnegie Corporate Bond borrows long-term money to Swedish and Nordic companies and receives a recurring interest as return.

Carnegie Corporate Bond is focused on bonds issued by companies in the Nordic region. It may be Finnish forest companies, Norwegian shipping companies and Swedish industrial companies. Nordic companies are often well managed, have good market positions and publish reliable information. All holdings in foreign currency are hedged against the Swedish krona to avoid currency risk for the unit holders.

THIS IS A FUND FOR YOU WHO:
  • Want a supplement a traditional fixed income saving with corporate bonds
  • Want a balanced portfolio with geographic diversification
  • Wish to finance Nordic companies

Fund manager

Niklas Edman

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

Maria Andersson

BSc in economics, Gothenburg university. Employed since 2016 and has worked in the industry since 2006.

Buy Corporate Bond 3 SEK

Fees and trading

Management fee/year
1.09%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
537639
Bankgiro number
5001-9496

Basic facts

Legal Seat
LU
Start date
1990-10-01
ISIN Code
LU0075898915
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
9.68%
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
0.15
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
0.62 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.

Show holding
Updated 2021-10-31

Largest holding

Receivable/subscrip.
2.47%
Link Mobility Gr Hg ASA 3.375% 144A 20/15.12.25
1.81%
Skandinavi Enskil Bank AB Stoc VAR Sub 17/13.05.Perpetual
1.45%
Media and Games Invest Plc FRN Sen 20/27.11.24
1.38%
Velliv Pension & Livsforsi FRN Sub 18/08.06.28
1.36%
Sirius International Group Ltd FRN Sub 17/22.09.47
1.31%
Heimstaden AB VAR Sub 19/11.07.Perpetual
1.29%
Landshypotek Bank AB 0.75% EMTN Sen Reg S 18/25.05.23
1.24%
DNB Boligkreditt AS 0.75% EMTN 19/31.01.24
1.20%
Nykredit Realkredit AS FRN Ser 32H/H Sen 19/01.10.22
1.19%
Other holding
85.30%

Geographic distribution

Sweden
44.38%
Norway
20.29%
Denmark
9.55%
Luxembourg
5.45%
Other
20.35%

Nav distribution

Fixed Income Securities
96.73%
Cash and equivalents
2.64%
Currency hedge
0.64%
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