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Investment­ Grade A

30 November 2021
1,186.24 kr
One day
-0.03%
Shows data for
Investment­ Grade A
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About the fund

Carnegie Investment Grade invests in bonds issued by Nordic companies. The fund focuses on corporate bonds with high credit ratings, known as investment grade.

Investments are never made in a particular sector, or any specific country or currency. The analysis is based on, and always chooses, companies that the portfolio managers want to invest in. Companies that they believe in for the long term.

The average maturity of the portfolio is around 3 years, but may at times be longer or shorter. The fund is traded daily, without any lock-in for the unitholders. All holdings in foreign currencies are hedged against Swedish kronor, in order for the unitholders to avoid currency risk.

Fund manager

Mikael Engvall

BSc Business Administration. Employed since 2012 and has worked in the industry since 1996.

Mona Stenmark

MSc Economics. Employed since 2003 and has worked in the industry since 2003.

Buy Investment­ Grade A

Fees and trading

Management fee/year
0.50%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
Bankgiro number
606-9876

Basic facts

Legal Seat
SE
Start date
1985-11-01
ISIN Code
SE0000429847

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
3.56%
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
0.25
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
0.42 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

Tomra Systems ASA FRN Sen Ser TOM02 19/14.11.24
2.59%
Nobina AB FRN Sen Reg S 19/13.02.24
2.40%
BKK AS FRN Ser BKK43 Sen 17/25.09.23
1.85%
Nordic Entertainment Gr AB FRN DMTN Sen 19/23.05.24
1.65%
Jyske Bank AS FRN EMTN Sen 18/07.09.23
1.65%
Telenor ASA FRN EMTN Sen Reg S 19/19.03.24
1.56%
SKF AB FRN Sen 20/10.06.24
1.47%
Kraftringen Energi AB FRN Ser 11 Sen 18/06.12.23
1.47%
Kinnevik AB FRN MTN Ser 106 Sen 20/19.02.25
1.46%
Volvo Treasury AB FRN EMTN 21/26.02.24
1.36%
Other holding
82.54%

Geographic distribution

Sweden
67.44%
Norway
16.06%
Denmark
8.07%
Finland
7.47%
Other
0.95%

Nav distribution

Fixed Income Securities
98.43%
Cash and equivalents
2.06%
Currency hedge
-0.48%
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