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Likviditets­fond A

28 January 2022
1,215.94 kr
One day
0.00%
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Likviditets­fond A
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About the fund

Carnegie Likviditetsfond is also available in the share class: Likviditetsfond B for institutional investors

Are you looking for a temporary investment with very low risk? Carnegie Likviditetsfond is a money market fund that invests in well-known Nordic companies. The fund may suit those who want to use saved money in the near future.

Carnegie Likviditetsfond invests in fixed income securities and other instruments issued by governments, companies, mortgage institutions, municipalities and counties. The fund has a high credit rating and investments in foreign currencies are hedged against the Swedish krona.

THIS IS A FUND FOR YOU WHO:
  • Wish reduce the risk in your portfolio
  • Have an investment horizon of at least 1-3 years

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 Likviditets­fond A

Fees and trading

Management fee/year
0.30%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
214163
Bankgiro number
5787-9660

Basic facts

Legal Seat
SE
Start date
1990-07-02
ISIN Code
SE0000429854

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
1.27%
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
0.24
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
0.47 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
Nasdaq OMRX Treasury Bill
Benchmark index

The benchmark index has been used as a basis for calculating Tracking Error and Active Share. The chosen benchmark is deemed to be relevant as it corresponds well with the fund’s investment policy.

Tracking error
1.27%
Tracking error

Tracking error measures the difference in returns between a fund and its benchmark. The lower the tracking error, the more correlated the returns are to the benchmark. The higher the tracking error, the more the returns deviates from the benchmark. Reported as a percentage.

Swing pricing
-
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.

Show holding
Updated 2021-12-31

Largest holding

Lansforsakringar Hypotek AB FRN Ser 370 Tr 1 18/28.11.23
1.78%
DNB Boligkreditt AS FRN EMTN 20/03.09.25
1.76%
Nordea Hypotek AB FRN DMTN Ser 5723 Sen 18/24.05.23
1.70%
Nordea Direct Bank ASA FRN Sen Ser GJEB35 PRO 17/27.10.22
1.66%
Stadshypotek AB FRN Ser SH 2020 Sen 20/03.08.23
1.32%
SKF AB FRN Sen 20/10.06.24
1.31%
Kraftringen Energi AB FRN Ser 11 Sen 18/06.12.23
1.30%
Stockholms Kooperativa Bostads FRN DMTN Sen 19/29.09.23
1.30%
Linkopings Stadshus AB FRN Ser 5 Tr 1 Sen 20/14.04.22
1.29%
DNB Bank ASA FRN EMTN Ser 673 Tr 1 Sen 19/18.07.22
1.23%
Other holding
85.35%

Geographic distribution

Sweden
81.16%
Norway
12.06%
Denmark
4.11%
Finland
2.19%
Other
0.48%

Nav distribution

Fixed Income Securities
96.00%
Cash and equivalents
4.03%
Currency hedge
-0.04%

Articles

National Debt Office foresees a stronger krona
Carnegie Likviditetsfond

National Debt Office foresees a stronger krona

We saw falling rates for Swedish government bonds after capital went looking for low-risk assets at month-end. The political mess in Italy was a factor that helped push up risk...

Mikael Engvall 4 June 2018
More posts