Nordkinn NOK B

Nordkinn Fixed Income Macro Fund NOK B

NAV: 124.73 (29.03.2019)
ISIN: SE0005218906
Bloomberg code: NRDKINB

Inception Date: 01.07.2013
Base Currency: NOK
Target Return: Hurdle rate + minimum 4%
Minimum Investment: 1.000.000 NOK
Minimum Subsequent:
100.000 NOK
Management Fee:
1%
Performance Fee:
20%

High Watermark: Yes
Hurdle Rate:  Norway Government Treasury Bills 3M
Subscription: Monthly (4 business days notice)
Redemption: Monthly (4 business days notice)
NAV Estimates: Yes (Weekly)
Lock-in/Side Pockets/Gating: No
Domicile: Swedish (On-shore)
Dividend Paying: No

NOK B Bond index* Equity index**
1 mth 0.17% 0.49% 0.01%
YTD 1.21% 0.94% 8.39%
Inception 24.73% 16.15% 88.83%

*Bond index: Oslo Bors Norway Govt Bond Benchmark All (DNIPBM)
**Equity index: Oslo Stock Exchange All Share Index (OSEAX)

Source: Bloomberg/Nordkinn Asset Management

NOK B Bond index* Equity index**
Stdev *** 2.27% 2.46% 11.06%
Corr *** -0.14 0.36
Pos mths 73.91% 63.77% 69.57%
Beta -0.13 0.07

Source: Bloomberg/Nordkinn Asset Management

*Bond index: Oslo Bors Norway Govt Bond Benchmark All (DNIPBM)
**Equity index: Oslo Stock Exchange All Share Index (OSEAX)
*** Standard deviation and Correlation calculated on monthly performance data since fund inception. Stable absolute risk-adjusted returns will result in lower standard deviation.

Nordkinn NOK B Master Fund
Language Swedish/English/Norwegian Swedish/English/Norwegian
KIID
Language Swedish/English Swedish/English
Offering Memorandum
Next date
Subscription form Subscription form - Nordkinn Fixed Income Macro Funds (English) 24.04.2019
Redemption form Redemtion Form - Nordkinn Fixed Income Macro Funds (English) 24.04.2019

Historical Performance

All data below, presenting the Nordkinn Fixed Income Macro Fund NOK B’s historical performance, is calculated and presented net of all fees, and in the Fund’s base currency NOK.
Past performance is no guarantee for future returns which may vary.

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ytd
2013 0.41% 0.42% 0.77% -0.80% 0.80% 0.70% 2.32%
2014 0.19% 0.33% 0.65% 0.15% 0.32% 1.82% 1.42% 0.10% 1.24% -0.11% 0.12% 0.06% 6.44%
2015 0.98% 0.35% 0.95% 0.42% -0.14% -0.35% 1.01% -0.53% 0.14% 0.79% 0.57% 0.69% 4.98%
2016 -0.79% -0.34% 1.31% -0.15% 0.80% 0.35% 0.14% -0.03% 0.68%  1.01% 0.58% 0.40% 4.02%
2017 1.06% 0.22% 0.90% 0.18% -0.14% 0.47% 0.67% -0.57%  1.01%  0.14% -0.87% 0.88% 3.99%
2018 0.88%  -0.12%  -0.14%  0.56% -0.77% 0.10% 1.13% -1.06% 1.33% 0.30% -1.27% -1.27% -0.36%
2019 1.00% 0.04% 0.17% 1.21%