Alfred Berg Obligasjon – Norwegian Credit Investment Grade

 

HIGHLIGHTS

Norwegian – Mid Risk – Diversification – Mid Duration – NOK Exposure**

STRATEGY

Alfred Berg Obligasjon is a fixed income fund that invests in bonds and money market* instruments issued in Norwegian Krona. The instrument issuers’ are primarily governments, municipalities, county authorities, industrial companies and financial institutions that has a credit rating equivalent to investment grade, BBB-/Baaa3 or better. The fund has the possibility to invest up to 20 % of the portfolio in subordinated bonds. Alfred Berg Obligasjon is an actively managed bond fund. The fund composition is a result of the Portfolio Manager view on single issuers, macro economy and interest rate development, including possible changes in market structure of framework. Modified duration is adjusted based on future expectations in the interest rate development, but will always be somewhere between 2 and 4. The bond interest rate is usually higher than the short money market* interest rate. In periods where the interest rates are dropping the fund will experience an increase in bond value and therefore a higher total return than the interest rate return alone would indicate. Meanwhile, in markets where interest rates are increasing, the fund will experience a decrease in bond value. The fund has moderate credit risk and is well diversified, but will nonetheless be affected by market view changes on single issuers or sector spreads.

KEY DATA

ISIN:
NO0010089410

Inception date:
20/09/1990

Assets under management (Master fund):
~900m€ per 29/6/2018

Portfolio Manager:
Morten Steinsland, since 31/12/2010

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:
0,60%

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

* Norwegian and Swedish Money Markets do not have the exact required characteristics as defined by ESMA.
** 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.