Global Corporate Bond

The portfolio consists of corporate bonds issued by companies from the Nordic region, central Europe, the United States and to a certain extent emerging markets. When we invest in emerging markets, we benefit greatly from our long-standing experience from investments in, for example, China, Africa and India.

Simplicity Global Corporate Bond consists of a portfolio of approximately 120-130 corporate bonds issued by companies from different parts of the world with varying levels of credit rating. About half of the Fund’s holdings consists of bonds with a high credit rating, so-called “Investment Grade bonds” and half consists of holdings with a lower credit rating, so-called “High Yield bonds”, which are expected to generate higher returns. The holdings are selected through a structured, fundamental investment process developed by our managers who have long experience of investing in these types of securities. With today’s interest rates and credit spreads, the fund is expected to generate an effective annual return of approximately 3 to 4%. The fund has no lock-in effects, it can be bought and sold daily without fees.

Simplicity Global Corporate Bond is a light green fund under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). This means that the fund promotes environmental and/or social characteristics but does not have sustainable investment as its objective. At least 90% of the fund’s investments will promote environmental and/or social characteristics. Of these investments, 20% will be sustainable investments with an environmental or social objective. Further information on the fund’s sustainability work is available in the fund documentation.

To measure and monitor the environmental and social impact, Simplicity has access to several different methods, services, and data sources. The fund has documented investment and sustainability processes that the managers follow. The managers have access to several different data sources, including Bloomberg, MSCI, Capital IQ and analysis from several analyst firms and banks. The fund’s holdings are regularly screened with the help of MSCI. The person responsible for Simplicity’s risk function audits, independently of the managers, that the fund complies with established criteria.

Fund facts

• Start Date20 december 2012
• Current Annual Fee0,90%
• Management fee, administrative and operational costs0,93%
• Minimum Investment100 SEK
• Bankgiro128-1757
• Ordinary Cut-Off Time14:00 CET

Risk information

• Risk level
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• Risk LevelLow (2)
• Total Risk (3 years)2,54%
• Sharpe Ratio (3 years)1,39

Documents

Performance of the fund

Return

• 1 day 0.01%
• 3 month -0.88%
• 12 month 0.94 %
• 36 month 20.13 %
• Since fund launch 46.61%
• YTD 0.49%

Risk information
Past performance is no guarantee for future performance. Fund units may go up or down in value and investors may not get back the amount invested. The fund's result (return) is calculated after deduction of annual fees, in Swedish kronor and with dividends reinvested in the fund. No consideration has been given to inflation.

Industry distribution

• Företagscertifikat 81.6%
• Floating Rate Note 17.3%

10 largest holdings

• ARION 300527 1.5%
• HEIMSTADEN 300129 1.5%
• AAREAL 300731 1.3%
• TDC 310601 1.2%
• RAIFFEISEN 291215 1.1%
• LUMINOR BANK 300714 1.1%
• MUTARES 290919 1.1%
• NETFLIX 290515 1.1%
• MUEHLAN 300515 1.1%
• PRAA 320930 1.1%

Geographical distribution

• USA 16.4%
• Tyskland 12.9%
• Sverige 11.5%
• Danmark 9.0%
• Frankrike 7.1%
• Island 4.4%
• Nederländerna 4.3%
• Luxemburg 3.8%
• Finland 3.7%
• Spanien 3.5%