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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.

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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Period
Price
Last updated:
last updated:

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.

Calculate fund return (in EUR)

Start AUM* Min. purchase Benchmark index ISIN
29/09/2006 77 mill. EUR 50.00 EUR J.P. Morgan GBI Broad Unhedged Index in EUR NO0010327786
i
*Data at fund level, inclusive of all unit classes, as of month end. Updated on the 10th of each month.

Jane Tvedt

Portfolio Manager
SKAGEN Tellus,
SKAGEN Avkastning

as of 28/03/2018 - 80.17 % of all investments

US Treasury N/B

10.52 %

Norwegian Government

9.91 %

UK Government

9.10 %

Portugese Government

8.85 %

Mexican Government

7.56 %

Uruguay Government

7.28 %

NEW ZEALAND GOVERNMENT

7.17 %

Spanish Government

6.99 %

REPUBLIC OF CHILE

6.75 %

HELLENIC REPUBLIC

6.04 %

All investments

German tax reporting

SKAGEN has provided its German clients with the required transparent tax reporting for the last 4 years, and has published both the daily and the annual tax reporting figures. This transparent regime came to an end on 31.12.2017. SKAGEN will not provide daily reporting beyond 31.12.2017 and the last annual reporting for 2017 will be provided in April 2018. The new German Investment Tax Act 2018 came into force on 1 January 2018.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.