About the fund
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. The share class pays dividens every quarter.
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. Carnegie Corporate Bond 1 (SEK Dist) is an institutional share class.
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
MSc Business Administration. Employed since 2013 and has worked in the industry since 2007.
BSc in economics, Gothenburg university. Employed since 2016 and has worked in the industry since 2006.
Fees and trading
- Management fee/year
- Minimum deposit lump-sum/monthly
- Price listing
- Legal Seat
- Start date
- ISIN Code
- Morningstar rating
- Risk class
- Total risk
- Sharpe ratio
- 0.60 times/year
- Benchmark index
- Swing pricing
- Yes, partial
- Swing factor
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.
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.
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 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.
No benchmark index is used since there is no available index that corresponds well with the fund’s investment policy.
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.