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Corporate Bond 3 EUR

19 May 2022
114.91 eur
One day
-0.31%
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Corporate Bond 3 EUR
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About the fund

Carnegie Corporate Bond is also available in the following share classes: 3 (SEK)3 (NOK)1 (SEK div), H (EUR), M (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 in Carnegie Corporate Bond 3 (EUR) are hedged against the Euro 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.

Fees and trading

Management fee/year
1.07%
Minimum deposit lump-sum/monthly
0eur/0eur
Price listing
Daily

Basic facts

Legal Seat
LU
Start date
2013-05-30
ISIN Code
LU0826622275

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
2.80%
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
2.02
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.

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
0.25

Articles

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Volatility creates attractive investment opportunities

Year-end is approaching, and the market has become somewhat saturated after the autumn’s high pace of primary transactions and relatively neutral fund flows. Along with historically low credit margins and...

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SSAB issued a sustainability bond aimed at cutting greenhouse gas emissions by 10 percent by 2025

Inflation risks are still present, and one thing worth mentioning on this theme is that the US Federal Reserve now expects interest rate increases in 2023 rather than in 2024....

Niklas Edman 5 July 2021
Investments in Storskogen, Stillfront, Nibe and Lakers Group
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Investments in Storskogen, Stillfront, Nibe and Lakers Group

After a relatively strong reporting season and the gradual reopening from the pandemic, inflation and long-term interest rates remain in the spotlight, with the key issue being how persistent inflation...

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