Danske Invest North America Equity Fund D Basic equity funds
Da nske Invest North Amer ica Equit y Fund D Basic equit y funds
Risk class Fund Low risk
High risk
Fund facts Value 31-05-2011 (EUR) 0.04337 ISIN FI0008803135 Distribution of income Yes Benchmark index MSCI North America TR -index Web site www.danskeinvest.fi Launch 21-12-1999 Total assets , million (EUR) 179.61 Base currency EUR Minimum subscription 500 EUR
Subscription fee Redemption fee TER 2010 Management fee
Investment policy
Performance 31-05-2011
Danske Invest North America Equity is intended for investors who are looking for an investment solution on the North American equity markets that is profitable, professionally managed and well-diversified. The fund is well-suited, as a part of a diversified investment portfolio, to investors who can accept even substantial changes in the value of the fund from time to time. The recommended investment horizon in the fund is more than five years.
Benchmark index
The assets of the Danske Invest North American Equity are invested in a diversified manner mainly in publicly traded equities issued by companies listed in North America. The fund aims to focus on largerthan-average companies. The general performance of the North American equity markets is reflected in the value of the fund.
Unofficial MSCI North America (TR) Index
Portfolio manager
1,00 % / 8 EUR 1,00 % / 8 EUR 1,50 % 1.50 %
The Fund’s portfolio manager is Wellington Management International Limited. Major investments 31-05-2011 Issuer
Key f igures - 1 y 31-05-2011 Volatility (%) Sharpe Tracking error IR Alpha Beta Duration
15.101 0.392 2.709 -2.093 -2.002 0.91 -
Exxon Mobil Corp. AT&T Inc. Wells Fargo Co. (US) Chevron Corp. JPMorgan Chase & Co. IBM Pfizer Inc. (US) Merck & Co. Inc. (US) Johnson & Johnson Microsoft Corp. Other
%
4.09 % 4.05 % 3.81 % 3.40 % 3.20 % 3.20 % 2.99 % 2.54 % 2.52 % 2.27 % 67.94 %
Performance 31-05-2011 YTD 1 month 3 month 6 month 12 month 36 month Fund -0.16 1.59 -2.25 4.21 5.05 -0.38 Benchmark index -0.01 1.65 -2.56 3.89 7.94 10.78
Start -6.98 -2.12
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds simplified prospectus and regulations can be found from www.danskeinvest.fi
Da nske Invest North Amer ica Equit y Fund D Basic equit y funds
Sector allocation/asset allocation nFinancials 18.31% nInformation technology 13.43%
nEnergy 13.22% nHealth care 13.06% nIndustrials 11.34% nConsumer discretionary 7.66%
nConsumer staples 5.10% nOther 17.89%
Country allocation nUnited States 91.23% nFinland 3.03% nIreland 2.38% nCanada 1.96% nSwitzerland 1.40%
Portfolio manager review US equities (+3.0% in USD terms, -1.3% in EUR terms) continued to move higher in April. Fears about rising inflationary pressures and the end of the Federal Reserves quantitative easing program were not enough to offset better-than-expected corporate earnings. Sector performance within the Index was negative, with eight out of ten sectors showing negative absolute returns, in EUR terms. The Health Care sector (+1.82%) was the best performing sector within the Index, while Financials (-3.84%) and Energy (-3.17%) lagged. The Portfolio outperformed the Index during the month of April due to our stock selection in Energy and Information Technology.(10.5.2011)
Currency nUSD 97.29% nEUR 2.71%
Return
Holding type nStock market 96.97% nOther 3.03%
Return and dividends for individual years
2006
2007
2008
2009
2010
Fund Benchmark index
-1.42 3.71
-6.01 -3.57
-35.78 -34.34
14.72 25.22
20.28 24.76
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds
Risk class Fund Low risk
High risk
Fund facts Value 31-05-2011 (EUR) 0.04337 ISIN FI0008803135 Distribution of income Yes Benchmark index MSCI North America TR -index Web site www.danskeinvest.fi Launch 21-12-1999 Total assets , million (EUR) 179.61 Base currency EUR Minimum subscription 500 EUR
Subscription fee Redemption fee TER 2010 Management fee
Investment policy
Performance 31-05-2011
Danske Invest North America Equity is intended for investors who are looking for an investment solution on the North American equity markets that is profitable, professionally managed and well-diversified. The fund is well-suited, as a part of a diversified investment portfolio, to investors who can accept even substantial changes in the value of the fund from time to time. The recommended investment horizon in the fund is more than five years.
Benchmark index
The assets of the Danske Invest North American Equity are invested in a diversified manner mainly in publicly traded equities issued by companies listed in North America. The fund aims to focus on largerthan-average companies. The general performance of the North American equity markets is reflected in the value of the fund.
Unofficial MSCI North America (TR) Index
Portfolio manager
1,00 % / 8 EUR 1,00 % / 8 EUR 1,50 % 1.50 %
The Fund’s portfolio manager is Wellington Management International Limited. Major investments 31-05-2011 Issuer
Key f igures - 1 y 31-05-2011 Volatility (%) Sharpe Tracking error IR Alpha Beta Duration
15.101 0.392 2.709 -2.093 -2.002 0.91 -
Exxon Mobil Corp. AT&T Inc. Wells Fargo Co. (US) Chevron Corp. JPMorgan Chase & Co. IBM Pfizer Inc. (US) Merck & Co. Inc. (US) Johnson & Johnson Microsoft Corp. Other
%
4.09 % 4.05 % 3.81 % 3.40 % 3.20 % 3.20 % 2.99 % 2.54 % 2.52 % 2.27 % 67.94 %
Performance 31-05-2011 YTD 1 month 3 month 6 month 12 month 36 month Fund -0.16 1.59 -2.25 4.21 5.05 -0.38 Benchmark index -0.01 1.65 -2.56 3.89 7.94 10.78
Start -6.98 -2.12
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds simplified prospectus and regulations can be found from www.danskeinvest.fi
Da nske Invest North Amer ica Equit y Fund D Basic equit y funds
Sector allocation/asset allocation nFinancials 18.31% nInformation technology 13.43%
nEnergy 13.22% nHealth care 13.06% nIndustrials 11.34% nConsumer discretionary 7.66%
nConsumer staples 5.10% nOther 17.89%
Country allocation nUnited States 91.23% nFinland 3.03% nIreland 2.38% nCanada 1.96% nSwitzerland 1.40%
Portfolio manager review US equities (+3.0% in USD terms, -1.3% in EUR terms) continued to move higher in April. Fears about rising inflationary pressures and the end of the Federal Reserves quantitative easing program were not enough to offset better-than-expected corporate earnings. Sector performance within the Index was negative, with eight out of ten sectors showing negative absolute returns, in EUR terms. The Health Care sector (+1.82%) was the best performing sector within the Index, while Financials (-3.84%) and Energy (-3.17%) lagged. The Portfolio outperformed the Index during the month of April due to our stock selection in Energy and Information Technology.(10.5.2011)
Currency nUSD 97.29% nEUR 2.71%
Return
Holding type nStock market 96.97% nOther 3.03%
Return and dividends for individual years
2006
2007
2008
2009
2010
Fund Benchmark index
-1.42 3.71
-6.01 -3.57
-35.78 -34.34
14.72 25.22
20.28 24.76
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds
