DNB Fund Nordic Corporate Bonds

Kreditkvalitet

Percentage of the portfolio rated A- or better: 63%

Internationella normer och standarder

ESG data is integrated into our portfolio management system and is used to assess risks and opportunities related to ESG in investment decisions.

DNB Fund Nordic Corporate Bonds D1 (ACC) NOK

Genomsnittligt betyg

Average rating for the portfolio: A/A-

Hållbarhetsindikator

The fund promotes, in addition to other considerations, environmental and social aspects through its investment strategy.

Dialoger

We engage in dialogue with companies. The dialogue can address specific ESG issues (reactive dialogue), or more generally help influence companies in a more sustainable direction (proactive dialogue). The detailed Responsible Investment Policy and the Corporate Exclusion List are available at: https://dnbam.com/en/responsible-investments/esg-overview-dnb-funds

Standardsättning

Standard setting is an important element of active ownership. As part of this, we develop and publish expectation documents within important areas, which we use to contribute to the improvement of standards in the market, and to form the basis of engagements with companies.

Credit risk: The risk that an issuer is unable to honour its debt obligations, or the fear of this risk could cause the value of their debt securities to fall. Interest rate risk: The risk that the values of fixed income securities will vary inversely with changes in interest rates. Concentration risk: The risk that a negative event or shift in a particular sector or geography to which the fund s investments are exposed causing those investments to lose value. Liquidity risk: The risk that one or more of the funds investments could become hard to value, or to sell at a desired time and price. Currency risk: The risk that a negative change in a currency to which the fund is exposed causing these currency denominated investments to lose value. Sustainability risk: The risk that the occurrence of an environmental, social or governance event would exert material negative impact on the value of a given investment and result in value fluctuation.

ISIN: LU2319926007. Bloomberg ticker: DNIGEDF LX

Röstning

One way to positively influence companies is through voting at general meetings. Our voting guidelines require us to vote at all general meetings of all Norwegian companies in which we have investments. We have chosen a systematic approach to determining which international companies' general meetings we will vote at.

Juridisk information

This document constitutes a marketing communication. Investors should read the prospectus, Key Information Document (KID), semiannual and annual reports, and summary of investor rights before making any investment decision. English versions are available at www.dnbam.com under “Our Funds”, at DNB Asset Management AS, Dronning Eufemias gate 30, 0021 Oslo, Norway, or at the management company FundPartner Solutions (Europe) S.A., 15, avenue John F. Kennedy, L-1855 Luxembourg. Local language versions may also be available. Not all funds or fund units are available for sale in all countries. This material is not directed to, nor intended for use by, any person or entity in a jurisdiction where distribution would be unlawful. Tax treatment depends on individual circumstances and may change over time. References to rankings, ratings, or awards are not guarantees of future performance. Investments in funds carry financial risk. Note: Investing in the Fund involves acquiring units or shares of the Fund, not the underlying holdings. Issuer: DNB Asset Management AS, authorised and regulated by Finanstilsynet, Norway, and part of DNB Group. Switzerland: Representative: FundPartner Solutions (Switzerland) S.A., Route des Acacias 60, CH-1211 Geneva 73. Paying Agent: Banque Pictet & Cie SA, Route des Acacias 60, CH-1211 Geneva 73. USA: Fund units may not be offered, sold, or transferred in the United States. UK: This document constitutes a financial promotion under Section 21 of the UK Financial Services and Markets Act 2000 (as amended) and was approved by Carne International Financial Services (UK) Limited, authorised and regulated by the FCA. UK investors cannot refer complaints against the Management Company or Depositary to the UK Financial Ombudsman Service, nor are losses covered by the Financial Services Compensation Scheme. Complaints may be made to the SICAV, Management Company, or Operator/Depositary via the CSSF if the CSSF’s conditions for out-of-court complaints are met. UK investors may contact DNB Bank ASA for guidance on complaints or alternative dispute resolution. Investor Rights Summary (English): DNB SICAV (LU-Funds): https://www.pictet.com/content/dam/www/documents/legal-and-notes/fundpartner-solutions/fps-summary-of-Investors-rights.pdf.coredownload.pdf No part of this material may be copied or redistributed without prior written consent from DNB Asset Management AS.

This fixed-income fund aims to deliver moderate returns on the fund's investments over the short to medium term, without taking undue risk. The fund invests in bonds issued by corporates and financial institutions, primarily listed on exchanges and regulated markets in the Nordic countries. The fund is actively managed. Investment decisions are based on long-term fundamental analysis, involving thorough assessment of companies, markets and other market factors that may affect companies' performance.

SFDR-klassificering

SFDR classification: Article 8 The fund promotes, in addition to other considerations, environmental and social aspects through its investment strategy.

Fondförvaltare

Terje Monsen

Lead portfolio manager

Terje holds an Master of Science in Finance from the Norwegian School of Economics NHH.

Terje Monsen joined DNB Asset Management in 2017 as lead portfolio manager for DNB Asset Managements Nordic investment grade strategy. Prior to joining DNB Asset Management Terje was responsible for bond and derivative market making and position taking at Group affiliate, DNB Markets.

Fondförvaltare

Arne Mjelde

Portfolio Manager

Arne holds a MBA from the University of Colorado in Boulder, USA. He is also a Certfied Financial Analyst (AFA) from NHH Norwegian School of Economics.

Arne entered the Industry in 1989 in the the Financedepartment of Christiania Bank og Kreditkasse (today:Nordea)and after that to Norgeskreditt. In 1995 he moved to DNB and a position as chiefdealer of the portfolio of government bonds and other credits, before he joined DNB Asset Managment in April 2001 as Portfolio Manager in the Norwegian/Nordic Fixed Income Team.

Fondförvaltare

Idar Rydland

Portfolio Manager

Idar joined the company in 2005 as Portfolio Manager for Norwegian Money Market funds. He entered the Industry in 1984 in DNB Markets where hi held several positions in bondtrading and bond issues.

Fondförvaltare

Svein Aage Aanes

Portfolio Manager

Svein Aage holds an MSc in Economics from the Norwegian School of Economics and Business Administration and he has completed a research stay at Harvard University. Svein Aage speaks English, German and Norwegian.

Svein Aage Aanes joined DNB Asset Management in 1998. As Head of Fixed Income and FX, Svein Aage has accumulated close to 25 years experience as a Portfolio Manager. In 2000 he was assigned to head up the team. Before joining DNB Asset Management, Svein Aage was a senior economist at Den norske Bank. He began his career in 1991 as an Assistant Professor and researcher in economics at the Norwegian School of Economics and Business Administration in Bergen.

Fondförvaltare

Andreas Roti

Portfolio Manager

Andreas Roti has a Master of Science in Finance from Aarhus University, a Bachelor's degree in Economics from the University of Bergen and is an NFF Fixed Income Analyst.

Andreas has worked in the DNB Group since 2014, when he started as a credit analyst at DNB Bank covering customers in the shipping and offshore segment. From 2018 Andreas took up a position as portfolio manager in DNB Livsforsikring following up investments in fixed income and credit, as well as working with responsible and sustainable investments. Andreas Roti started in DNB Asset Management in 2022 as portfolio manager.

Fondförvaltare

Johan Petter Cappelen-Dahl

Portfolio Manager

Johan holds a Master of Science in Economics and Business Administration (Siviløkonom) from the Norwegian School of Economics (NHH), and is also an Autorisert Renteanalytiker from Norwegian School of Economics (NHH).

Johan Petter entered the Industry in 1986 holding a postion in Treasury in Bergen Bank (today DNB). He then became a bonddealer the same place in the period from 1988 til 1998 and then Portfolio Manager from 1998.

ESG-tillvägagångssätt

Dialogues

Yes

ESG integration

Yes

Voting

No

Thematic

No

Exclusions

Yes

Inclusions

No

Villkor

Subscription fee

None

Swing pricing

Yes

Recommended holding period

3 years

Liquidity

Daily

*Same day as valuation day. **Per annum Source: DNB Asset Management

Minimum subscription

NOK 10,000,000.00

Performance fee

None

Redemption fee

None

Management fee

0.20%

Cut-off

13:00 CET

Conditions

Riskklass (SRI 1-7)

2

Summary risk indicator from 1 (lowest risk) to 7 (highest). Risk 1 is not equal to a risk-free investment. This indicator can change from time to time.

Information

Share class NAV

NOK 109.67

Asset class

Fixed income fund

Use of income

Accumulating

Share class inception date

17.12.2024

Industry focus

Across sectors

Liquidity focus

Investment grade

Fund (AuM)

EUR 86.58 million

Market focus

Nordics

Legal status

Mutual fund (UCITS)

Share class (AuM)

NOK 639.77 million

Fund index

A composite index consisting of 75% NBP Norw RM Float Rate Index and 25% NBP Norw Govt Dur 0.5

Domicile

Luxembourg

Fund inception date

13.04.2021

Investment process

Fundamentally driven management

Hållbarhetsdata

Carbon intensity

Index

Source: MSCI ESG Research and internal assessments. 2026 MSCI ESG Research LLC. Reproduced by permission. Based on holdings as at 10/30/26.

Fund

ESG score (from 1 to 10)

7.97

Periodavkastning

Snittavkastning

Årsavkastning

Risk information

Source: DNB Asset Management * These figures are calculated 3 years rolling based on weekly return series.

Uteslutningskriterier (negativ screening)

In addition to norm-based exclusions, the fund does not invest in companies that operate within:

Tobacco (production)

Controversial weapons

Cannabis for recreational use

Pornography (production)

Alcohol ≥ 5% of revenues (production)

Conventional weapons ≥ 5% (production)

Coal ≥ 1% of revenues + Absolute criterion

Gambling ≥ 5% of revenues (production)

Oil ≥ 10% of revenues

Oil sands ≥ 5% of revenues

Excluded companies

DNB's instructions for responsible investments

Power generation > 100g CO2 e/kWh ≥ 50% of revenues

Gas ≥ 50% of revenues

Utveckling

• DNB Fund Nordic Corporate Bonds D1 (ACC) NOK: 109,67 (2026-11-02)
• A composite index consisting of 75% NBP Norw RM Float Rate Index and 25% NBP Norw Govt Dur 0.5: 103,73 (2026-11-02)

Pris

• DNB Fund Nordic Corporate Bonds D1 (ACC) NOK: 109,67 (2026-11-02)

Ränteduration

• DNB Fund Nordic Corporate Bonds D1 (ACC) NOK: 0,9 (2026-11-02)
• A composite index consisting of 75% NBP Norw RM Float Rate Index and 25% NBP Norw Govt Dur 0.5: 0,23 (2026-11-02)

Kreditduration

• DNB Fund Nordic Corporate Bonds D1 (ACC) NOK: 4,13 (2026-11-02)
• A composite index consisting of 75% NBP Norw RM Float Rate Index and 25% NBP Norw Govt Dur 0.5: 2,01 (2026-11-02)

Största investeringsökningar

• Romerike Sparebank: 1,13 %
• Sparebanken Norge: 1,07 %
• Akershus Energi AS: 0,99 %
• Ziklo Bank AB: 0,83 %
• NorgesGruppen ASA: 0,78 %

Största investeringsminskningar

• Svenska Handelsbanken AB: −0,64 %
• Indutrade AB: −0,51 %
• DNB Bank ASA: −0,3 %
• Nordea Bank Abp: −0,28 %
• Stockholm Exergi Holding AB: −0,22 %

Toppositioner

• Sparebanken Norge: 4,59 %
• Ziklo Bank AB: 3,67 %
• SpareBank 1 Sør-Norge ASA: 3,31 %
• SpareBank 1 SMN: 3,17 %
• DNB Bank ASA: 2,72 %
• Stockholm Exergi Holding AB: 2,42 %
• Nykredit Realkredit AS: 2,34 %
• SpareBank 1 Østlandet: 2,25 %
• Telia Company AB: 2,19 %
• Norway Treasury Bill: 2,12 %

Länder

• Norway: 48,19 %
• Sweden: 23,2 %
• Others: 13,9 %
• Denmark: 7,81 %
• Finland: 7,7 %
• Luxembourg: 1,1 %
• Netherlands: 0,6 %
• Iceland: 0,57 %
• Germany: 0,22 %

Sektorfördelning

• Financial: 54,54 %
• Consumer, Non-cyclical: 11,93 %
• Industrial: 7,83 %
• Utilities: 7,39 %
• Others: 5,64 %
• Communications: 5,51 %
• Government: 4,4 %
• Consumer, Cyclical: 3,2 %
• Basic Materials: 1,63 %
• Energy: 1,22 %

Noteringsvaluta

• NOK: 59,21 %
• EUR: 21,89 %
• SEK: 18,79 %
• CHF: 0,02 %

Fördelning efter kupongtyp

• Floating: 59,32 %
• Fixed: 34,36 %
• Multiple: 2,03 %
• Adjust: 1,14 %

Fördelning av kreditbetyg

• AAA: 8,18 %
• AA+: 1,29 %
• AA: 1,28 %
• AA-: 19 %
• A+: 4,8 %
• A: 3,61 %
• A-: 25,1 %
• BBB+: 15,4 %
• BBB: 23,38 %
• BBB-: 9,57 %
• Not Rated: 3,35 %
• Cash: 2,65 %

Dokument

• Årsrapport
• Månadsrapport
• holdings
• Faktablad (PRIIPS KID)
• Förvaltarkommentar (månatlig)
• Informationsbroschyr/Prospekt
• SFDR rapport
• SFDR Förkontraktuell information
• Hållbarhetsinformation