Swedbank Robur - Fund Management
Historical growth is no guarantee of future returns. Inflation has not been taken into account in the funds" returns. The value of the funds can both rise and fall, which is why there can be no guarantee that you will get back your original investment. Funds categorized as risk class 5-7 has a high risk both for increases and decreases in the value of the fund units. Fact Sheets (KIID), prospectuses and information about your rights are available on the website www.swedbankrobur.se

Swedbank Robur Corporate Bond Nordic High Yield A

Corporate Bond Nordic High Yield is an actively managed fixed income fund that invests in corporate bonds with low credit quality (High Yield) in the Nordic corporate bond market. This includes instruments issued by both Nordic companies and foreign companies seeking financing from investors in the Nordic region. The average duration of the fund should be within a range of zero to two years. All holdings are currency hedged. The fund complies with Swedbank Robur’s Policy for Responsible Investments. Read more about the policy in the fund’s Information Brochure and swedbankrobur.se. Sustainability and climate work is an integrated part in our investment strategy. The fund consists of share classes, for more information see the Information Brochure. The fund is suitable for those who want the possibility of higher returns than in a corporate bond fund that invests in Investment Grade.

ISIN

SE0025667173

Rtn. this y

0.65 %

Total fee

1.00 %

Risk

2 / 7

Fund type

Fixed Income

Morningstar Rating Total

-

SFDR Classification

Article 8

Fact Sheet ​(PRIIPs KID)

-

Returns

Asset Manager Comment

Updated 2026-03-07

February 2026 was a quiet month on the interest rate market, with all three major central banks keeping their key interest rates unchanged. In Sweden, the Riksbank kept its rate at 1.75% for the third meeting in a row. The economy showed surprisingly strong growth at the end of 2025, and inflation was close to the 2% target. Most analysts expect interest rates to remain unchanged throughout 2026, although some members may push for a cut if inflation continues to fall short of the target.

The ECB kept its deposit rate at 2.0% for the fifth consecutive time. Eurozone inflation fell to 1.7% in January, partly driven by a stronger euro. The strength of the euro against the dollar is being closely monitored as a potential trigger for further easing.

In the US, the Fed kept interest rates at 3.5–3.75% after three cuts in 2025. Inflation remains slightly above target, and the market is pricing in possible cuts later in the year, but there is considerable uncertainty surrounding the Fed’s leadership.

In the credit market, European corporate bonds showed good resilience despite increased stock volatility and record issuance volumes. Spreads widened slightly from their January lows, but remain close to historically low levels. The Nordic high-yield market entered the year with strong sentiment, tight spreads and yield levels of around 7–8%. At the same time, investors have become somewhat more selective due to greater supply in the new issue market.

The fund had a positive total return during the month. The high current yield and a strong underlying market contributed positively. A few companies contributed negatively after reporting weaker quarterly figures for Q4. The new issue market remains very active, and the fund is investing selectively to further broaden and diversify the portfolio.

Management

Jan Bjerkeheim

Managed the fund since

2025-09-30

Jan Bjerkeheim

Jan Bjerkeheim is co-portfolio manager of Swedbank Robur Corporate Bond Nordic High Yield, Corporate Bond Europe High Yield and Climate Bond High Yield. He has extensive credit market experience and joined Swedbank Robur in 2021.
 
Experience and education
He has previously worked as a high-yield asset manager at SEB Investment Management (2018–2021). Prior to this he was employed at Danske Bank (2007–2018) as a lending specialist to large corporates and previously with investment banking in corporate finance and equity analysis.
 
Jan has an M.Sc. in Business Administration/Major Finance from Stockholm University (2003–2007).
Mathias Westman

Managed the fund since

2025-09-30

Mathias Westman

Mathias Westman is co-portfolio manager of Swedbank Robur Corporate Bond Nordic High Yield, Corporate Bond Europe High Yield, Climate Bond High Yield, Obligation, Obligation Plus, Förbundsräntefond, Talenten Räntefond Mega and Folksam LO Obligation. He has many years of experience in fixed income and credit trading and joined Swedbank Robur in 2019.
 
Experience and education
He has previously worked as a credit trader at Swedbank Robur (2019-2024). He has also worked as a fixed income broker at Gottex Brokers (2013-2019) and as an assistant portfolio manager at Naventi Kapitalförvaltning (2012-2013). Prior to that, he worked as a consultant at Holberg Fondene (2012) and began his financial career as an investment adviser at Skandia Norden (2011-2012).
 
Mathias has studied economics and finance at Linköping University (2008-2011).
Xuli Qian

Managed the fund since

2025-09-30

Xuli Qian

Xuli Qian is co-portfolio manager of Swedbank Robur Corporate Bond Nordic High Yield, Corporate Bond Europe High Yield and Climate Bond High Yield. She has long and broad experience of the European and Nordic credit market and she joined Swedbank Robur in 2022.
 
Experience and education
She has previously managed credit funds at SEB Investment Management (2015-2022) where she has also worked as a quantitative analyst (2013-2015). Prior to this, she worked as an analyst at Nordea Markets (2012-2013).
 
Xuli is a Chartered Financial Analyst, CFA (2018). She has a M.Sc in General Management from Stockholm School of Economics (2011-2013) and a M.Sc in Financial Mathematics from KTH Royal Institute of Technology (2007-2013).

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.

Industry

Financial and insurance activities

27.28 %

Real estate activities

16.99 %

Manufacturing

14.61 %

Construction

7.29 %

Professional, scientific and technical activities

6.94 %

Updated: 27/02/2026

Largest holdings

iShares EUR High Yield Bond UCITS ETF EUR

3.22 %

Norion Bank AB

1.89 %

NOBA Bank Group AB

1.86 %

Klarna Holding AB

1.81 %

Resurs Holding AB

1.56 %

Updated: 27/02/2026

Credit rating

Average Credit Rating

Average Credit RatingB+

Rating table aggregated per level

AAA

0.00 %

AA+-

0.00 %

A+-

0.00 %

BBB

0.00 %

BB+-

26.17 %

B+-

56.23 %

Below B

4.41 %

No Rating Ratio

13.19 %

Capital structure rating (HY/IG)

Investment grade

0.00 %

High Yield

86.81 %

No Rating Ratio

13.19 %

Capital structure fixed/floating rate

Fixed

13.01 %

Floating

86.99 %

Fees

Total fee

1.00 %

Ongoing costs

0.72 %

Of which

Management fee

0.70 %

Transaction costs

0.28 %

Performance based fee

-

Risk

Risk (SRI)

2 / 7

Sharpe ratio 3 y

0.00 %

Standard Deviation 3 y

0.00 %

Active risk 3 y

0.00 %

Fund Facts

Management Company

Swedbank Robur Fonder AB

Share Class

A

Dividend

No

ISIN

SE0025667173

Base Currency

SEK

Share Class Currency

Start date

30/09/2025

NAV-price

101.45 SEK

Asset Under Management

1,919.63 MSEK

Type

Fixed Income

Legal seat

Sweden

UCITS

Yes

Benchmark

-

NAV Update

Daily

PPM-number

-

Morningstar Rating Total

Missing data

Sustainability

SFDR Classification

Article 8

CO₂

-

Sustainable bonds

15.52 %

Exclusion level

Policy

ESG rating

-

Sustainable Finance Disclosures

Summary


This financial product promotes environmental or social characteristics, but does not have a sustainable investment objective. However, the fund will have a minimum share of sustainable investments.

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, bonds issued by companies classified as sustainable investments, 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 7% will be sustainable investments.

The Management Company’s risk function monitors and checks that the environmental or social characteristics promoted by the fund are being complied with. The risk function also performs quarterly follow-ups and analyses 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, share of bonds in sustainable companies, Environmental Engagement (E) and Social Engagement (S) are used.

Swedbank Robur uses several sources in its process to measure how funds promote environmental or social characteristics. Swedbank Robur purchases data from major data providers that have demonstrated a robust method for ensuring the quality of data. To ensure the quality of the data purchased, the provider’s data and product range are reviewed. Where possible, test data is obtained from several providers offering the same product in order to compare as wide a range as possible.

There are a number of limitations with the models and data currently in use. The main limitation is the number of asset types 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 data providers 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.

Principal Adverse Impact Statement (in Swedish).