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Danske Invest SICAV

Emerging Markets Debt Hard Currency Class I

Morningstar Rating : - Funds promoting environmental or social characteristics - ISIN: LU1204911488
Documents
Factsheet
Key Information Document (PRIIPs)
Articles of incorporation
Prospectus
Sustainability-related disclosure
Complaints procedure
Investor rights

14.365

NAV as of 21.11.2024

+0.13%

Return 1 day

-0.26%

Return 1 month

+9.62%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. The share class is accumulating.

Investment policy

The fund invests mainly in corporate and government bonds from emerging markets. To a small extent, the fund may invest in bonds issued in the European Union or the USA.

The fund is categorised as article 8 under SFDR and promotes environmental and/or social characteristics, as well as good governance practices, through screening, exclusions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest's responsible investment policy.

The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated:

Debt instruments with a rating of Caa1/CCC+ (or similar) or lower or unrated bonds: 15%.

In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment characteristics.

The fund generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.

The total duration, including cash, is the benchmark duration plus or minus 2 years.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.

Funds promoting environmental or social characteristics (Article 8)
This type of fund promotes environmental (E) or social (S) conditions and ensures good governance practices (G). Depending on the fund's investment strategy, this may be done through screening, exclusion, inclusion and active ownership. The funds may partially invest in sustainable investments, but making sustainable investments is not their goal.
Funds that promote environmental or social characteristics are subject to the disclosure requirements set out in Article 8 of the EU's regulation on sustainability-related disclosures in the financial services sector.

Return

Emerging Markets Debt Hard Currency Class I
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Aktiv Förmögenhetsförvaltning Class SIDanske Invest SICAV
Danish Mortgage Bond Class IDanske Invest SICAV
Danish Mortgage Bond Class I-chf hDanske Invest SICAV
Danish Mortgage Bond Class I-eur hDanske Invest SICAV
Danish Mortgage Bond Class I-eur h dDanske Invest SICAV
Denmark Focus Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur hDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur h dDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-sek hDanske Invest SICAV
Emerging Markets Sustainable Future 2 Class A pDanske Invest SICAV - SIF
Emerging Markets Sustainable Future 2 Class BDanske Invest SICAV - SIF
Emerging Markets Sustainable Future 2 Class DDanske Invest SICAV - SIF
Emerging Markets Sustainable Future 2 Class D dDanske Invest SICAV - SIF
Emerging Markets Sustainable Future Class IDanske Invest SICAV
Euro High Yield Bond Class I Danske Invest SICAV
Euro Investment Grade Corporate Bond Class IDanske Invest SICAV
Europe Class IDanske Invest SICAV
Europe Class SI-sekDanske Invest SICAV
Europe High Dividend Class IDanske Invest SICAV
Europe Long-Short Equity Factors Class I pDanske Invest SICAV
Europe Small Cap Class IDanske Invest SICAV
European Corporate Green Bond Class IDanske Invest SICAV
European Corporate Green Bond Class I-nok hDanske Invest SICAV
European Corporate Green Bond Class I-sek hDanske Invest SICAV
European Corporate Sustainable Bond Class IDanske Invest SICAV
European Corporate Sustainable Bond Class I-dkk h dDanske Invest SICAV
European Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
European Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Emerging Markets Class IDanske Invest SICAV
Global Emerging Markets Class I-sekDanske Invest SICAV
Global Emerging Markets Small Cap Class IDanske Invest SICAV
Global Index Class I-dkkDanske Invest SICAV
Global Index Class I-eurDanske Invest SICAV
Global Index Class I-nokDanske Invest SICAV
Global Index Class SIDanske Invest SICAV
Global Index Restricted Class SIDanske Invest SICAV
Global Index Restricted Class SI dDanske Invest SICAV
Global Inflation Linked Bond Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I dDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I-nok hDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class I-sek hDanske Invest SICAV
Global Sustainable Future Class IDanske Invest SICAV
Global Sustainable Future Class I dDanske Invest SICAV
Global Sustainable Future Class I-sekDanske Invest SICAV
Horisont Aktie Class SIDanske Invest Allocation
Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
Horisont Ränta Class SIDanske Invest Allocation
Japan Class IDanske Invest SICAV
Nordic Corporate Bond Class IDanske Invest SICAV
Nordic Corporate Bond Class I-nok hDanske Invest SICAV
Sverige Beta Class SIDanske Invest SICAV
Sverige Class SIDanske Invest SICAV
Sverige Kort Ränta Class SIDanske Invest SICAV
Sverige Kort Ränta Class SI dDanske Invest SICAV
Sverige Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.

Risk indicator

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The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.

This classification may change and may not reliably indicate the future risk profile of the fund. The lowest category does not mean risk free.

This product does not include any protection from future market performance so you could lose some or all of your investment.
 

Value of
Click to change the amount
 $

0 years
years
9 years
years

$

of which n/a $ in dividends.
Total charges during the period: n/a $.

Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Value of USD 100

PeriodeVærdi
1 year runningUSD 122.19
3 years runningUSD 100.17
5 years runningUSD 106.57
7 years runningUSD 117.17
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Manager

Søren Mørch

Title: Principal Investment Portfolio Manager
Background: CBS (financing)

Danske Bank Asset Management is an international asset manager and part of the Danske Bank Group.

Danske Bank Asset Management is Danske Invest’s main investment manager. Danske Bank Asset Management focuses its resources on selected core investment areas. These areas are Nordic equities, European equities, global equities, Nordic fixed income, European corporate bonds, global inflation-linked bonds, emerging markets debt as well as index based investments. Danske Bank Asset Management also manages hedge fund strategies within both equities and fixed income.

Asset allocation as of 30.09.2024


Please note that all holdings are delayed with 1 month.
Emerging Markets Debt Hard Currency Class I

Holdings as of 30.09.2024

Name of investment/security Weight Type Currency Country ISIN code
DEVT BANK OF MONGOLIA 11% 07.03.2026 000000000000001.431.43% Bonds USD Mongolia XS2766834894
BANCO NACIONAL DE PANAMA 2.5% 11.08.2030 000000000000001.221.22% Bonds USD Panama USP1559LAA72
FED REPUBLIC OF BRAZIL 6% 20.10.2033 000000000000001.201.20% Bonds USD Brazil US105756CF53
ISTANBUL METROPOLITAN MU 10.75% 12.04.2027 000000000000000.920.92% Bonds USD Turkey XS2468421248
ROMANIA 5.5% 18.09.2028 000000000000000.750.75% Bonds EUR Romania XS2689949399
REPUBLIC OF ARGENTINA 09.07.2030 000000000000000.750.75% Bonds USD Argentina US040114HS26
REPUBLICA ORIENT URUGUAY 4.975% 20.04.2055 000000000000000.720.72% Bonds USD Uruguay US760942BD38
KINGDOM OF JORDAN 7.5% 13.01.2029 000000000000000.710.71% Bonds USD Jordan XS2602742285
REPUBLIC OF ECUADOR 31.07.2035 000000000000000.670.67% Bonds USD Ecuador XS2214238441
QATAR ENERGY 3.125% 12.07.2041 000000000000000.660.66% Bonds USD Qatar XS2359548935
View entire list
Please note that all holdings are delayed with 1 month.

Charges

The charges you pay are used to cover the costs of running the fund, including marketing costs and distribution. These charges reduce the potential growth of your investment.

Charges taken from the fund over a year

  • Ongoing charge0.76%
  • Performance fee0.00%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Emerging Markets Debt Hard Currency Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1204911488
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management A/S
    Man. company domicile Denmark
    Depositary J.P. Morgan
    Minimum initial investment EUR 100,000
    Currency USD
    Price method Single Price
    Legal type UCITS
    Launch date 24.06.2015
    Bloomberg ticker DEMDHCI LX
    Wertpapierkennnummer A14U9N
    Marketing permission Finland, Luxembourg, Denmark, Germany
    Class of Emerging Markets Debt Hard Currency
    Other classes Emerging Markets Debt Hard Currency Class A
    Emerging Markets Debt Hard Currency Class I-eur h
    Emerging Markets Debt Hard Currency Class I-sek h
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Emerging Markets
    Benchmark JPM EMBI Global Diversified Composite (hedged into the respective class currency)
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. USD as of 21.11.2024 202.67
    Shareclass total assets, mill. USD as of 21.11.2024 19.20
    Net asset value (NAV) USD as of 21.11.2024 14.365
    Duration as of 31.10.2024 6.46
    Yield to maturity as of 31.10.2024 7.04
  • Risk key figures as of 31.10.2024

    Risk key figures as of 31.10.2024

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 22.19 0.06 1.28 2.29
    Sharpe Ratio -0.35 -0.11 -0.03
    Volatility 11.76 12.64 11.05
    Tracking Error 1.84 1.63 1.51
    Information Ratio 0.57 0.50 0.43
    Calculation is based on end-of-month data.
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