Investment policy

The fund's assets are chiefly invested directly and indirectly in DKK-denominated bonds. Investment is primarily made in bonds issued by or guaranteed by states, mortgage-credit institutions and international organisations. The fund may invest a maximum of 10% of its assets in units in other umbrella funds, individual funds and investment institutions.

The objective of the portfolio management is continuously to generate a risk-adjusted return which is at least in line with the risk-adjusted return of the fund’s benchmark.
The return is measured over the time horizon which the typical investor in the fund should have as a minimum according to the paragraph on ‘The typical investor’.
The portfolio return is stated after costs of active portfolio management.

If you calculate the fund's expected return on the basis of the most recently published Forecast Assumptions from Rådet for Afkastforventninger (council delivering return expectations) and the fund’s costs, the result will be negative. Hence the fund may not be suitable for investment of means that could otherwise be invested at 0% or more at the same or a lower risk.

Financial instruments

The fund may use derivative financial instruments.

Benchmark

Nordea Government Bond Constant Maturity 5Y Idx

The benchmark has applied since: 01.01.2012