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Morningstar

The fund invests primarily in bonds and certificates issued or guaranteed by governments from around the world.

The objective is to provide the best possible risk adjusted return.

The fund is suitable for those with at least a three year investment horizon. Investors must be able to tolerate currency fluctuations.

Subscriptions are made in fund units and not directly in stocks or other securities.  The benchmark reflects the fund's investment mandate. Since the fund is actively managed, the portfolio will deviate from the composition of the benchmark. 

Latest report for the fund:

A room with a door
Anna Ancher, Interior. Brøndum's annex, 1916/1917. The painting is manipulated and belongs to The Art Museums of Skagen.
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Price
Last updated:
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The current benchmark index is the JP Morgan's GBI Broad Unhedged. The benchmark index prior to 1/1/2013 was the Barclay's Capital Global Treasury Index 3-5 years. Returns over 12 months are annualised.

On 31/10/2016 the methodology for the yield calculation was changed to be in line with the benchmark (from average yield to yield to maturity). The change caused an increase in the number displayed.

Start AUM* Min. purchase Benchmark index ISIN
29/09/2006 29 mill. EUR 50.00 EUR J.P. Morgan GBI Broad Index Unhedged in EUR NO0010327786
i
*Data at fund level, inclusive of all unit classes, as of month end. Updated on the 10th of each month.

Sondre Solvoll Bakketun

Portfolio manager
SKAGEN Tellus,
SKAGEN Avkastning

as of 31/05/2022 - 70.80 % of all investments

US Government

29.65 %

UK Government

5.32 %

International Finance Corp

5.10 %

Republic of Chile

5.00 %

French Government

4.93 %

European Bank for Reconstruction & Development

4.79 %

Mexico

4.62 %

Italian Government

4.33 %

German Government

3.55 %

Republic of Peru

3.53 %

All investments

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document. An overview of costs can be found at www.skagenfunds.com/costs.

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