Close

Rysslands­fond

30 June 2022
14.68 kr
One day
-76.19%
Shows data for
Rysslands­fond
Compare with

About the fund

As a consequence of the war in Ukraine, the Moscow Exchange is closed to foreign investors, and Carnegie Rysslandsfond is therefore also closed for trading. We do not know when it will be possible for orderly trading to resume.

The fund value indicated in your semi-annual statement is based on an estimate by Carnegie Fonder in the absence of access to adequate price information concerning the fund’s holdings and could therefore be misleading. Factual and relevant pricing information for fund holdings is unavailable because exchange trading in Russian equities, as of 30 June 2022, was not open to foreign investors.

The net asset value of the fund was estimated based on prices in the local market adjusted to account for changes in the performance of the MSCI Russia ADR/GDR Index from 25 February 2022 (the last day stock exchange trading in Moscow was open to foreign investors) to 8 March 2022, which was the last day the index was calculated.

More information

Fund manager

Fredrik Colliander

MSc Business Administration. Employed since 2000 and has worked in the industry since 1990. Manager of the year in 2001, 2005, 2006 and 2009.

Fees and trading

Management fee/year
2.55%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
249995
Bankgiro number
5206-4656

Basic facts

Legal Seat
SE
Start date
1997-10-27
ISIN Code
SE0000429821

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
70.10%
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
-0.78
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
0.20 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
MSCI Russia 10/40 Net Total Return
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
43.90%
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.

Active share
78%
Active share

Active share measures how much the portfolio holdings differ from the benchmark index constituents. The higher the percentage, the higher the deviation is. 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

NovaTek Joint St Co Reg
4.45%
GAZPROM PJSC Reg
4.34%
Surgutneftegas PJSC Pref Reg
2.60%
Oil Co Lukoil PJSC
3.79%
Phosagro PJSC Reg
3.39%
Sberbank of Russia PJSC
3.21%
Magnit PJSC
2.86%
Gazprom Neft PJSC Reg
2.28%
Polyus PJSC Reg
2.04%
Other holding
67.12%

Geographic distribution

Sweden
47.17%
Russia
39.54%
Luxembourg
9.33%
United Kingdom
2.04%
Other
1.91%

Nav distribution

Cash and equivalents
56.51%
Equities
43.49%

Articles

Carnegie Rysslandsfond suspended due to the war in Ukraine
Carnegie Rysslandsfond

Carnegie Rysslandsfond suspended due to the war in Ukraine

Russia’s actions in Ukraine are a tragedy, especially for the people of Ukraine. Putin’s actions are destroying relations with the West, undermining Russia’s economy, and threaten peace throughout Europe. These...

Carnegie Fonder 28 February 2022
Tough month for Russian market
Carnegie Rysslandsfond

Tough month for Russian market

November was a terrible month for the Russian market. Russian military build-up along the Ukrainian border led to a sharp increase in geopolitical risk. Investors sitting on big profits in...

Fredrik Colliander 6 December 2021
Novatek signs UN Global Compact
Carnegie Rysslandsfond

Novatek signs UN Global Compact

Global markets had a turbulent time in September. But in Russia the rise continued, with the market noting a new ten-year high. The reason, of course, is the ever-increasing price...

Fredrik Colliander 5 October 2021
More posts