About the fund
Since 2nd November 2017 Carnegie Strategy Fund is a feeder of Carnegie Strategifond, the master. The fund management is therefore identical. For more specific information regarding the master fund’s holdings, please visit Carnegie Strategifond’s page.
Carnegie Strategifond is a total return fund investing in Nordic securities with attractive yield, both corporate bonds with good interest rates and equities with high dividends.
The fund has a lower risk profile than a typical equity fund and at the same time greater opportunities than a regular fixed-income fund. Unlike traditional mixed funds, Carnegie Strategy Fund is focused which means the number of equity and credit holdings are limited. There is only room for our best investment ideas.
THIS IS A FUND FOR YOU WHO:
- Want to invest in Nordic companies with low valuations and good cash flows
- Want to have a solid foundation in your long-term savings
- Are looking for a fund that invests in both equities and corporate bonds
Fund manager
John Strömgren
Employed since 1996 and has worked in the industry since 1984. Star Manager of the year in 2002, 2007, 2008 and 2015.
PDF for download
Fees and trading
- Management fee/year
- 1.45%
- Minimum deposit lump-sum/monthly
- 0kr/0kr
- Price listing
- Daily
- Bankgiro number
- 5394-3965
Basic facts
- Legal Seat
- LU
- Start date
- 1994-01-01
- ISIN Code
- LU0075898758
- Morningstar rating
-
Fund data
- Risk class
-
1234567
- Total risk
- 10.70%
- Sharpe ratio
- 1.66
- Churn
- 0.00 times/year
- Benchmark index
- -
- Swing pricing
- -
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
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
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
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
No benchmark index is used since there is no available index that corresponds well with the fund’s investment policy.
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.
Largest holding
- Carnegie Strategifond A Cap
- 99.61%
- Mat Retro Mngt Fees
- 0.12%
- Receivable/subscrip.
- 0.06%
- BUY NOK SEK 16/05/2022 G2
- 0.01%
- Management fees
- 0.00%
- SELL NOK SEK 16/05/2022 G2
- 0.00%
- Coll cash OTC-SEBLu
- 0.00%
- CSSF Tax
- 0.00%
- Other holding
- 0.19%
Geographic distribution
- Nordics
- 99.61%
- Luxembourg
- 0.38%
- Sweden
- 0.01%
Nav distribution
- Funds
- 99.61%
- Cash and equivalents
- 0.38%
- Currency hedge
- 0.01%