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Obligationsfond A

12 August 2022
950.08 kr
One day
-0.09%
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Obligationsfond A
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About the fund

Carnegie Obligationsfond is also available in the following share class: B.

The fund invests mainly in interest-bearing securities issued by governments, municipalities or credit institutions with good liquidity and high creditworthiness. The fund’s investments must have a Swedish connection through the financial instrument being denominated in Swedish kronor.
The interest-bearing securities the fund invests in must have at least a credit rating of BBB- or equivalent for longer investments and at least A-1 or K-1 or equivalent for shorter investments.

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.

Fees and trading

Management fee/year
0.50%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
554691
Bankgiro number
5396-6719

Basic facts

Legal Seat
SE
Start date
1994-05-09
ISIN Code
SE0000709313
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
4.09%
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
-1.04
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
0.14 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 Bond
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
1.19%
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 2022-07-31

Largest holding

Sweden 3.5% T-Bonds Ser 1053 09/30.03.39
8.71%
Sweden 0.125% EMTN Sen Reg S 20/09.09.30
4.93%
Sweden 2.25% Ser 1056 11/01.06.32
4.74%
Sweden 0.125% T-Bonds Ser 1062 Sen 144A Reg S 20/12.05.31
4.40%
Sweden 0.75% Ser 1061 144A Reg S 18/12.11.29
4.19%
Stadshypotek AB 0.5% Ser 1591 Sen 20/01.06.26
3.62%
Swedish Covered Bond Corp 0.75% EMTN Sen 19/28.03.24
3.51%
Linkopings Stadshus AB 0.933% Sen Ser 101 18/22.11.23
2.80%
Sweden 0.75% T-Bonds Ser 1060 144A Reg S 17/12.05.28
2.63%
Kommuninvest I Sverige AB 1% MTN Ser K2611 Sen 19/12.11.26
2.58%
Other holding
57.89%

Geographic distribution

Sweden
99.99%
Luxembourg
0.01%

Nav distribution

Fixed Income Securities
96.09%
Cash and equivalents
3.91%