Alfred Berg Høyrente – Nordic High Yield

 

HIGHLIGHTS

Nordic – High Yield – Diversification – Short Duration – NOK Exposure**

STRATEGY

Alfred Berg Høyrente is a fixed income fund that mainly invests in high yield bonds issued by companies registered in-, or with parts of their business in the Nordics, and has a credit risk equivalent to a rating of BB+/Ba1 or lower. The Portfolio Manager will through a disciplined investment process seek investments that are considered attractive given the issuer’s credit quality, potential collaterals, as well as the economic outlook of the sector and issuer. Based on the market structure, the fund will normally have a modified duration below one year and credit duration below three years. This way, the fund will have the potential to generate solid returns when credit spreads are wide or if spreads are tightening. The fund is at the same time partly protected from a increase in interest rates. With this type of investments (high yield bonds), the fund value is expected to be more volatile than traditional bond funds, including delivering a higher expected return. The fund is a UCITS fund with the possibility to invest in derivatives. The fund is hedged to Norwegian Krone (NOK), which means that the value of the NOK denominated share classes of the fund are unaffected by fluctuations in exchange rates. Share classes denominated in other currencies will be affected by the exchange rate fluctuations between NOK and the denomination currency of the share class.

KEY DATA

ISIN:
NO0010668144, Classic Distributing

Inception date:
16/01/2008

Assets under management:
160m€ per 18/1/2018

Portfolio Manager:
Tom Hestnes, since 01/07/2015

Risk profile:
3 of 7, where 1 is lower expected risk and expected return and 7 is higher expected risk and higher expected returns

Minimum investment:
300 NOK

Management fee:
0,80%

Entry/Exit fee:
No entry or exit fee, but a anti dilution levy may be charged

** Foreign exchange risk (up to 100% of the fund’s net asset)

This is marketing material by Alfred Berg Kapitalforvaltning AB / Alfred Berg Kapitalforvaltning AS. Past performance is no guarantee of future results. Performances are calculated net of fees. Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: Alfred Berg Kapitalforvaltning AB / Alfred Berg Kapitalforvaltning AS / BNP Paribas Asset Management.

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Jenny ANDERSSON

Investment Specialist

jenny.andersson@alfredberg.com

I can help you with this fund!

Dag MESSELT

Nordic Head of Investment Specialists and International Business Development

dag.messelt@alfredberg.com

Investments in funds are always related to risk. Past performance is no guarantee of future results. Performances are calculated net of fees. Investments in funds are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment.