Ruth Core
Nordic Credit

Risk

2/7

Savings horizon

At least 3 years

Market

The Nordic countries

Savings type

Fixed income

Sustainability

Focused

About the fund

Ruth Core Nordic Credit is an actively managed fund that invests in corporate bonds issued by Nordic companies as well as in green, social and sustainability-linked bonds.

This fund is comprehensive enough to be the main building block for Nordic corporate fixed income and bonds in your portfolio and is a good fit for those looking for an investment in Nordic corporate bonds.

The investment strategy is built around two parts which together are a unique combination of sustainability and risk management. The first part is a combination of the three-dimensional sustainability model "Sustainability CubeTM" which assesses the companies' sustainability profile based on their greenhouse gas emissions, ESG ranking and their contribution to meeting the UN's Sustainable Development Goals, and a selection of green, social and sustainability-linked bonds in the fund's investments. In the second part, a well-balanced portfolio structure based on analysis of macroeconomic conditions and trends is ensured. 

By combining these two parts, we get a unique mix of a model-based sustainability strategy and a fundamental analysis of both macro trends and company-specific risks - something that is unique for a corporate bond fund.

Fakta om fonden

Fund name
Ruth Core Nordic Credit A
Strategy
Nordic Credit
Benchmark
Solactive SEK IG Credit
NAV price 7/22/2024
110.28 SEK
ISIN
LU2744834743
Dividend
-
Inception date
10/12/2017
UCITS
Yes
Trading frequency
Daily
Net assets 6/30/2024
472 MSEK
Yearly fee
0,90 %
Management fee
0,40 %
Performance fee
0,00 %
  • Asset allocation
    Number of holdings
    107
    • Basic
    • Enhanced
    • Focused
    • Impact

    Exposure to sustainability risks and opportunities

    • Shows the fund's exposure to potential risks associated with environmental, social and governance aspects.

      ESG Leadership Score

      How well the companies in the fund are positioned to manage ESG-related risk

      Measures exposure to risk and its management.

      7 Comparison 7 Fund

      Datasource: Sustainability CubeTM score.
      Read more

      Exclusions

      Which controversial sectors the fund does not invest in.

      Exkluderingar med tröskelvärden på 5 % appliceras vilket kan innebära investeringar i bolag som har upp till fem procent av den oönskade verksamheten, enligt gällande praxis.

      Fonden gör ytterligare exkluderingar med högre tröskelvärden än 5 %, läs mer i vår exkluderingspolicy

      Corporate governance

      The companies in the fund's average proportion of independent board members.

      46 %

      Fund

      68 %

      Comparison

      Datasource: MSCI

    • Shows the fund's exposure to climate-related transition risks and opportunities.

      Climate transition score

      How well companies are positioned to address the challenges posed by climate change.

      Measures, among other things, companies' carbon dioxide emissions, companies' emission reduction targets and progress towards targets.

      6 Comparison 7 Fund

      Datasource: Sustainability CubeTM score.
      Read more

      Climate risk exposure

      How companies are exposed to physical and transition-related climate risks.

      Measures the vulnerability of companies based on, among other things, emissions, the type of activity and its geographical location.

      Low High

      Datasource: MSCI

      Emissions

      Measures the carbon intensity of the portfolio based on the ratio of the underlying company's emissions to revenues as a weighted average - WACI.

      Fund

      15 Tonnes CO2e

      M Euro revenue

      Comparison

      73 Tonnes CO2e

      M Euro revenue

      Datasource: MSCI

    Impact of the investment

    • Shows the fund's exposure to companies that contribute to solving global challenges and impact on sustainability factors.

      UN Global Goals score

      How well the companies in the fund contribute to the UN Sustainable Development Goals.

      Measures how well the companies' activities, revenues, products and services contribute to individual objectives.

      6 Comparison 6 Fund

      Datasource: Sustainability CubeTM score.
      Read more

      Main negative consequences on sustainability *

      Showcases a few of the funds actual or potential negative impact on sustainability, measured through a few criteria for social and personnel questions.

      Fund Comparison

      Company breaches of UNGC norms

      The share of companies in the fund that have breached at least one of the 10 principles set by FN Global Compact (UNGC) measured as serious breaches.

      0.0% 0.0%

      Company breaches of OECD norms

      The share of companies in the fund that have breached at least one of the principles set by OECD measured as serious breaches.

      0.0% 0.0%

      Boardmember gender distribution

      The average share of female board members for the underlying companies in the fund

      22.4% 35.7%

      Datasource: MSCI

      * In the investment process for the funds the fund company assesses selected negative consequences for sustainable development. All factors are not assessed for all funds and are not relevant for all underlying investments in the funds. Read more in the Policy for Due Diligence of the fund

    The fund's sustainability figures are based on the entire portfolio excluding derivatives. The fund's sustainability figures are compared to a portfolio consisting of 100 % Solactive SEK IG Credit.

  • Performance

    1 day
    0,06 %
    Month-to-date
    0,76 %
    Year-to-date
    4,02 %
    1 year
    8,10 %
    3 year
    3,87 %
    5 year
    9,12 %

    Risk

    Risk
    2
    Standard deviation 1 year
    0,97 %
    Standard deviation 3 year
    3,32 %
    Standard deviation 5 year
    4,94 %
    Max drawdown
    10,27 %
    Value at risk
    0,90 %

Portfolio managers

  • Eric Sunnegårdh

  • Henrik Rosencrantz