Fact sheet: Sparinvest Long Danish Bond

Fund information
Fund name
Sparinvest Long Danish Bond DKK R
Fund manager company
Sparinvest (LUX)
Fund type
Offshore Fund
Fund managers
  • Kristian Myrup Pedersensince 28/11/2001
  • Team Managedsince 28/11/2001
  • Janne Bjerregaardsince 31/03/2014
Fund objective
The Sub-Fund aims at providing a positive return over the medium term by investing at least 2/3 of its total assets in DKK denominated long term bonds the issuer of which has its registered office in Denmark and that are listed on a stock exchange or traded on a Regulated Market within the OECD countries. The remaining 1/3 of the total assets may be invested in other bonds or liquid assets with a residual term of a maximum of 36 months such as cash and/or regularly traded money market instruments.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.4%
1 Year rank in sector
1/1
Sector
FO Fixed Int - Other Single Long Maturity
Yield
0%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.74%
Fund size
£369m (£257m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
71
Top in this sector
Fund name1 Year
Sparinvest Long Danish Bond2.4%
...more in FO Fixed Int - Other Single Long Maturity

Performance snapshot

Holdings snapshot

  • Denmark97.4%
    Money Market2.6%
  • Mortgage & Secured Bonds70.5%
    Government Agency Bonds23.1%
    Others3.8%
    Money Market2.6%
  • Danish Fixed Interest97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.5%-0.8%2.4%10.4%17.4%
Sector-1.3%-2.5%-0.8%2.4%10.6%17%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund3.2%-1.1%8.6%-0.8%5.2%
Sector3.2%-1%8.6%-0.8%4.2%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.02
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.99
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.39
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.32
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.15
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.99
Price movement
52 week high199.62
52 week low188.14
Current bid price-
Current offer price-
Current mid price194.07
Region
1Denmark97.42%
2Money Market2.6%
Industry sector
1Mortgage & Secured Bonds70.48%
2Government Agency Bonds23.13%
3Others3.82%
4Money Market2.6%
Asset type
1Danish Fixed Interest97.42%
2Money Market2.6%
Individual holdings
1DENMARK(KINGDOM OF) 1.75% BDS 15/11/25 DKK0.0111.47%
2DENMARK(KINGDOM OF) 4.5% BDS 15/11/39 DKK0.018.62%
3NYKREDIT REALKREDIT AS 4% MTG BDS 01/10/20 DKK0.015.07%
4NYKREDIT REALKREDIT AS 2% FIXED BDS 01/10/47 DKK0.014.22%
5REALKREDIT DANMARK 2% BDS 01/01/21 DKK0.014.01%
6BRFKREDIT FRN 01/10/21 EUR0.013.85%
7NORDEA KREDIT REALKREDITAKTIESELSKA 3% BDS 01/10/44 DKK0.013.73%
8BRFKREDIT 2% NTS 01/10/32 DKK0.013.63%
9REALKREDIT DANMARK 2% BDS 01/10/37 DKK10003.47%
Management
Fund manager group
Sparinvest
Fund manager company
Sparinvest (LUX)
Fund type
Offshore Fund
Fund objective
The Sub-Fund aims at providing a positive return over the medium term by investing at least 2/3 of its total assets in DKK denominated long term bonds the issuer of which has its registered office in Denmark and that are listed on a stock exchange or traded on a Regulated Market within the OECD countries. The remaining 1/3 of the total assets may be invested in other bonds or liquid assets with a residual term of a maximum of 36 months such as cash and/or regularly traded money market instruments.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Kristian Myrup Pedersen28/11/2001
Team Managed28/11/2001At TOBAM, all portfolios are team-managed by the Portfolio Management and Research team. TOBAM’s portfolio management activities have always been based in Paris and led by the same team since the firm’s inception in 2006, which has grown overtime and currently includes 14 experienced professionals.
Janne Bjerregaard31/03/2014
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, Faroe Islands, United Kingdom, Greenland, Iceland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Sparinvest Long Danish Bond DKK I
Initial charge-
Annual charge0.25%
Min single investment£37,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price199.69
CurrencyDKK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeY305
Sparinvest Long Danish Bond DKK R
Initial charge1%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price194.07
CurrencyDKK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeY309
Sparinvest Long Danish Bond EUR R
Initial charge1%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price26.39
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeY307
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.