Jyske SICAV High Yield Corporate Bonds SEK RC
Objectives and investment policy
The objective is to generate a return over time which at least follows the market development in the global market for high yield corporate bonds.
Fund assets are primarily invested directly and indirectly in a portfolio of high-yield bonds issued by a company. The majority of the bonds will be rated below investment grade. The bonds involve a high credit risk. In principle, investments in other currencies than SEK will be hedged against SEK.
At least 80% of the fund assets are always invested in listed bonds and invested in the US market for high-yield bonds, also called the OTC Fixed Income market, regulated by the FINRA (Financial Industry Regulatory Authority) as well as in Rule 144 A issues with a right of exchange into papers which are registered with the SEC within twelve months pursuant to the Securities Act of 1933 and which are traded in the OTC Fixed Income market. The fund may invest up to 10% of its assets in non-listed bonds.
The fund may invest up to 10% of its assets in units in other umbrella funds, individual funds or investment institutions.
To adjust the fund's risk to a defined risk profile, the fund may use derivative financial instruments (derivatives).
You can assess the reward by comparing it with the reward of the benchmark which is composed by 50% ICE BofAML BB-B European Currency High Yield Constrained Index, and 50% ICE BofAML BB-B US High Yield Constrained Index.The benchmark is hedged into SEK.
The fund pursues an active investment strategy. Due to the active strategy, the fund's investments may deviate considerably from the benchmark, and your reward may be higher as well as lower than the benchmark.
The income in respect of an accumulation share class is not distributed but is retained in the sub-fund.
Recommendation - This fund may not be appropriate for investors who plan to withdraw their money within 4 years of investment.