Nordkinn Fixed Income Macro Fund SEK D

NAV: 105.00 (31.05.2019)
ISIN: SE0005218922
Bloomberg code: NRDKIND

This fund is only available through our distributors, please contact investor relations for further information.

Inception Date: 01.02.2016
Base Currency: SEK
Target Return: Hurdle rate + minimum 4%
Minimum Investment: 50 000 SEK
Minimum Subsequent: 10.000 SEK
Management Fee: 1.50%
Performance Fee: 20%

High Watermark: Yes
Hurdle Rate: SSVX 90-days
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

SEK D Bond index* Equity index**
1 mth 0.15% 1.03% -6.87%
YTD 1.53% 3.02% 12.84%
Inception 5.00% 7.17% 40.28%

*Bond index: OMRX Index (OMRX)
**Equity index: OMX Stockholm Total Return Index SEK (OMXSGI)

Source: Bloomberg/Nordkinn Asset Management

All data under SEK D is presenting the Nordkinn Fixed Income Macro Fund SEK D’s historical performance, and is calculated and presented in the Fund’s base currency SEK, net of all fees and without adjusting for inflation. Past performance is no guarantee of future returns. The money invested in the fund can both increase and decrease in value and it is not certain that you will recover the entire invested capital.

Risk

All investments are associated with risk. The money invested in the Fund can both increase and decrease in value and it is not certain that you will recover the entire invested capital.

Nordkinn Asset Management aims to create and preserve wealth by consistently providing investors with stable risk-adjusted absolute return through a focus on risk management and downside protection.

Risk is an important part of the management of the Fund. Nordkinn and its board of directors have identified different types of risks and have determined internal instructions how those shall be managed. Nordkinn has a risk management system to identify measure, manage and monitor the risks that are relevant for the Fund. The risk management system constitutes the relevant part of Nordkinn’s organisational structure, with a central role for a fixed risk management function, as well as guidelines and procedures for managing relevant risks for each fund’s investment policy, as well as risk management arrangements, procedures and techniques used by Nordkinn for each fund we manage.

The internal rules contain information on the risks that the company has identified that any fund it manages is exposed to or may be exposed to. The internal rules for risk management also contain a description of how Nordkinn shall be able to assess each fund’s exposure to market, liquidity and counterparty risks and the exposure to all other risks, including operational risks, which may be of material importance to the individual fund. The internal rules also include a description of how the risks should be managed.

In addition to our internal risk management, FCG Fonder AB, is appointed to do independent risk management through identifying, measuring and controlling risk for both Nordkinn and its funds. The risk indicator in the Fund’s Key Investor Information Document (KIID) shows the relationship between the risk and potential returns, in accordance to the European Securities and Markets Authority (ESMA) recommendations.

The Fund’s risk profile depends on various types of risks that can affect the overall risk to varying degrees and at different times. These include but are not limited to:

Market risk

Market risk refers to the risk of losses as a result of movements in financial markets, such as the equity, interest or foreign exchange market. The value of assets is generally determined by a number of factors, including confidence in the market where they are bought and sold.

Credit and counterparty risk

The Fund has direct and indirect exposure to debt instruments. If an issuer of such instrument fails to pay interest or nominal value, it can have a significant negative impact on the Fund’s performance. Credit risk is the risk of losses as a result of a counterparty not being able to fulfil its obligations. Credit risk is deemed to be low and, above all, consists of the counterparty risk arising if a counterparty does not fulfil its obligations to the Fund, for example by not paying an agreed amount or not delivering securities as agreed, may expose the Fund to financial loss.

Liquidity risk

Arise if an investment is difficult to sell at a certain time or at a reasonable price.

Operational risk

The risk of loss due to system breakdowns, faults caused by human error or external events.

Derivative risk

Derivative instruments whose value depend on the value of underlying assets. Even small price changes of these can result in large price movements in the derivative.

Risks and management of the risks are described in more detail in the Offering Memorandum of the funds under section “The Risk Profile”, which can be found under fund documents for each fund on this web page.

SEK D Bond index* Equity index**
Stdev *** 2.39% 2.94% 12.11%
Corr *** -0.44 0.33
Pos mths 60.00% 55.00% 65.00%
Beta -0.36 0.07

*Bond index: OMRX Index (OMRX)
**Equity index: OMX Stockholm Total Return Index SEK (OMXSGI)
*** Standard deviation and Correlation calculated on monthly performance data since fund inception. Stable absolute risk-adjusted returns will result in lower standard deviation.

Source: Bloomberg/Nordkinn Asset Management

SEK D Master Fund
Language Swedish/English Swedish/English
KIID
Offering Memorandum
Next date
Subscription form Subscription form - Nordkinn Fixed Income Macro Funds (English) 24.06.2019
Redemption form Redemtion Form - Nordkinn Fixed Income Macro Funds (English) 24.06.2019

 

Historical Performance

All data below, presenting the Nordkinn Fixed Income Macro Fund SEK D’s historical performance, is calculated and presented in the Fund’s base currency SEK, net of all fees and without adjusting for inflation. Past performance is no guarantee of future returns. The money invested in the fund can both increase and decrease in value and it is not certain that you will recover the entire invested capital. Key Investor Information Document (KIID) and Offering Memorandum for the fund is available under Fund Documents.

 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2016 -0.48% 0.98% -0.31% 0.63% 0.23% 0.00% -0.20%  0.65%  0.98%  0.41%  0.18% 3.11%
2017 0.90% 0.11% 0.71% 0.05%  -0.29%  0.34%  0.54%  -0.72%  0.92%  -0.01% -0.96%  0.67% 2.26%
2018 0.85% -0.24%  -0.36% 0.46% -0.94% -0.07% 1.07% -1.20% 1.24% 0.17% -1.43% -1.43% -1.92%
2019 0.84% -0.05% -0.01% 0.59% 0.15% 1.53%