Räntefond Kort Plus is an actively managed fixed-income fund that mainly invests in Swedish bonds issued by governments, municipalities, regions, banks and companies. Investments are also made in covered bonds issued by mortgage institutions where up to 50 percent may be invested in corporate bonds. The fund invests in corporate bonds with high credit quality (investment grade). The fund’s average duration is short and is normally no longer than 1 year. The fund complies with Swedbank Robur’s Policy for Responsible Investment and also applies an extended exclusion level. Read more in the fund’s Information Brochure and swedbankrobur.se. Sustainability and climate work is an integrated part in our investment strategy. The fund is an option for investors looking to invest in a short-term fixed income fund with a slightly higher expected return than a traditional short-term fixed income fund.
ISIN
Rtn. this y
Total fee
Risk
Fund type
Morningstar Rating Total
SFDR Classification
Fact Sheet (PRIIPs KID)
Documents
Returns
Management
Managed the fund since
2024-03-01
Per Lilja
Per Lilja manages Swedbank Robur Räntefond Kort Plus and Mix Balanserad. He has a degree in economics and started working at Swedbank Robur in 2000. Experience and education He has previously managed Swedbank Robur Bas Ränta and Fastighet. His previous experience also includes roles as a strategist in Asset Allocation at Swedbank Robur (2012–2015) and as an equities manager at the Finansfonden (2000–2012). Prior to the this, he worked as a bank analyst at Riksbanken (1997–2000) and as a credit analyst at HSBC Bank (1994–1997). Per has an M.Sc. Economics and Business from the School of Business, Economics and Law at the University of Gothenburg (1988–1991), where he also continued with postgraduate studies (1992–1994).
Managed the fund since
2023-01-31
Peter Gustafsson
Fixed-income team
The fixed-income team manages funds encompassing everything from traditional money market and bonds to global corporate bond funds within both Investment Grade and High Yield. This means you can find products with exposure across the entire interest-rate spectrum. The fund managers have comprehensive knowledge and extensive experience of the fixed-income and credit markets in both the Nordic and European regions. The team consists of twelve portfolio managers which are divided between fixed income management and credit management.
Fixed-income funds
Our actively managed fixed-income funds apply an investment strategy based on the fund managers’ projected interest rate trend compared with the market’s pricing. The corporate bond funds focus on the selection of companies, but the sector, regional and thematic analyses are also key components of the strategy. All our fixed-income funds possess a clear sustainability profile and our fixed-income fund management is the largest in the Nordic region in terms of investments in green bonds.
Region
Sweden
83.22 %
Finland
3.89 %
Norway
2.83 %
Denmark
2.26 %
Luxembourg
1.78 %
Other
4.32 %
Industry
Largest holdings
Asset allocation
Credit rating
Average Credit Rating
Average Credit RatingA
Rating table aggregated per level
Capital structure rating (HY/IG)
Capital structure fixed/floating rate
Fees
Total fee
0.21 %
Ongoing costs
0.20 %
Of which
Management fee
0.20 %
Transaction costs
0.01 %
Performance based fee
-
Risk
Risk (SRI)
1 / 7Sharpe ratio 3 y
2.74 %
Standard Deviation 3 y
0.38 %
Active risk 3 y
0.17 %
Fund Facts
Management Company
Swedbank Robur Fonder AB
Share Class
A
Dividend
No
ISIN
SE0005467982
Base Currency
SEK
Share Class Currency
SEK
Start date
22/05/2014
NAV-price
138.12 SEK
Asset Under Management
43,940.25 MSEK
Type
Fixed Income
Legal seat
Sweden
UCITS
Yes
Benchmark
80% OMRX T-Bill, 20% NBP Swedish RM Corporate Floating Rate Index
NAV Update
Daily
PPM-number
-
Morningstar Rating Total
Morningstar Rating är 3 av 5 stjärnor
Sustainability
SFDR Classification
Article 8
CO₂
3/3
Sustainable bonds
31.52 %
Exclusion level
Extended level
ESG rating
AA
Sustainable Finance Disclosures
Summary
This financial product promotes environmental or social characteristics, but does not have a sustainable investment objective.
The fund analyses how the sustainable investments affect such things as emissions, water and biodiversity on an ongoing basis. The fund also ensures that the holdings do not seriously and systematically infringe on accepted international standards and conventions relating to sustainability as adopted by the UN, ILO and OECD or are otherwise involved in unacceptable operations relating to sustainability or corporate governance.
External suppliers will provide Swedbank Robur with an analysis of which companies can be associated with violations of international norms. Based on information from our suppliers and other available information, Swedbank Robur will make its own assessment on whether it is a question of a serious and systematic violation. If such a violation is deemed to occur, the company's securities are not a sustainable investment.
The fund promotes sustainable bonds, an environmentally more sustainable approach by the activities of issuers through Environmental Engagement (E) and an increased social responsibility on the part of issuers through Social Engagement (S).
Sustainability and climate work constitute an integrated part of the investment strategy in order to manage sustainability and climate risks and to promote environmental and social characteristics. The fund is obligated to follow the Management Company’s "Policy for Responsible Investments" (adopted by the Board) and uses three overarching methods ("include", "exclude" and "engage") in order to achieve the environmental and social characteristics promoted by the fund. The fund follows the Management Company’s "Principles for Shareholder Engagement" (adopted by the Board). As an active owner, the aim of Swedbank Robur is that the companies we invest in are managed in an efficient and long-term sustainable manner.
There are plans for at least 70% of the fund's assets to consist of investments aligned with environmental or social characteristics, of which at least 10% will be sustainable investments.
The Management Company’s risk function monitors and checks that the environmental or social characteristics that the fund promotes are complied with. The risk function also performs a quarterly follow-up and analysis of the metrics the Management Company has selected to measure how the fund’s investments promote environmental or social characteristics.
In order to measure the attainment of the environmental and social characteristics that the fund promotes, the sustainability indicators sustainable bonds, Environmental Engagement (E) and Social Engagement (S) are used.
Swedbank Robur uses several sources in its process to measure how funds promote environmental and social characteristics. Swedbank Robur purchases data from major data providers that have demonstrated a robust method for guaranteeing the quality of data. In order to guarantee the quality of the data purchased, the supplier's data and product range are reviewed. When there is an opportunity, test data is taken from several providers offering the same product in order to compare as large a selection as possible.
There are a number of limitations with the models and data being currently used. The main limitation is the number of asset allocations for which metric calculation methods exist. The coverage is generally good for the funds, where a mix between reported and estimated data is used. Furthermore, Swedbank Robur believes that the method used by the data provider for estimating data is reliable.
The Management Company has due diligence procedures in place in order to ensure that sustainability risks and the sustainability requirements established for the fund are taken into consideration in the investment decision. Sustainability analysis is an integrated part of the fund management’s investment process. In order to manage sustainability risks and integrate the risks in investment decisions, the fund management follows the procedures that the Management Company describes in the Management Company’s "Strategy to include" and "Strategy to exclude". The Management Company’s risk function performs a daily inspection to determine whether the fund’s holdings fulfil its sustainability requirements and regulations regarding exclusion.
The fund follows the Management Company's "Principles for Shareholder Engagement" (adopted by the Board). In the event of sustainability-related controversies in invested companies, Swedbank Robur has special procedures and processes to monitor and follow up with the company. Both dialogue work and voting are key tools to try to prevent and respond to sustainability-related controversies.