Active funds

Nordic Credit Partners funds invest in Nordic high yield bonds across sectors in companies that have their headquarter and/or main operations in the Nordics. All funds commit to an active promotion of ESG characteristics in the investment processes and fund management.

Sustainable Corporate Bond 2XL

Yearly return target: 6-9% | Risk class: 3 out of 7

The fund is the only NCP fund that is evergreen and available for investors to buy on a monthly basis, with redemptions quarterly. Sustainable Corporate Bond 2XL target to have 50% leverage but actual leverage may vary depending on market conditions and portfolio managers’ view. The fund is available with dividend or accumulating returns and in EUR, NOK and SEK.

The fund is managed by Carne Group in Luxembourg and NCP is acting as investment advisor.

6.86% YTD Return

Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec FY
2023 1.46 1.01 -0.07 0.80 3.51               6.86
2022 0.80 -0.86 0.60 1.17 -0.73 -2.42 1.09 0.91 -2.80 -2.82 -0.74 0.79 -5.03
2021 0.59 0.73 0.85 0.88 0.58 0.27 0.33 1.30 0.39 0.12 1.57 0.49 8.39
2020 – – – – – – – 0.17 0.25 0.59 0.24 0.61 1.88

Sustainable Return

Yearly return target: 5-8% | Risk class: 3 out of 7

The Sustainable Return fund was launched in June 2020 and has a closed-end structure. The fund is open for subscriptions on a monthly basis.

The fund is managed by Fuchs Asset Management in Luxembourg, Societé Generale CIB acts as the business partner for the fund, while NCP act as the Investment Advisor.

3.36% YTD Return

Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec FY
2023 1.27 1.56 -0.09 0.59                 3.36
2022 0.77 -0.47 0.69 0.28 -0.51 -1.27 0.41 0.76 -1.06 -1.96 0.03 -0.32 -2.67
2021 0.84 0.44 0.72 0.97 0.47 1.00 0.98 1.47 0.37 0.25 0.41 0.37 7.67
2020 – – – – – -0.06 0.39 -0.02 0.11 0.06 1.54 0.14 2.16

NCP III

Yearly return target: 7-9% | AUM: 1.500mkr

NCP III started December 2017 and have a bond portfolio of c. SEK 1,500m, with a return target of 7-9% p.a. to investors. NCP III have a closed-end structure, which means that it doesn’t take in any new capital, or that investors can withdraw capital, until the maturity of the fund in December 2022. Though Investors can trade the debentures in the OTC market under ISIN SE0010521104.

21.7% Since start

Period YTD 1 year 2 years Since Start
Return 2.12 -5.26 2.83 21.7

2.12% YTD Return

Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec FY
2023
NAV		 0.91
9 480		 0.36
9 515		 0.27
9 541		 0.55
9 593		                 2.12
2022
NAV		 0.46
10 046		 -0.92
9 954		 1.10
10 063		 0.63
10 126		 -1.18
10 007		 -2.34
9 773		 0.70
9 842		 0.54
9 895		 -2.55
9 643		 -2.58
9 394		 -0.93
9 307		 0.94
9 394		 -6.06
2021
NAV		 1.21
9 619		 1.75
9 787		 1.71
9 955		 2.06
10 160		 1.13
10 275		 1.09
10 387		 0.88
10 478		 1.41
10 626		 0.69
10 699		 0.12
10 712		 1.34
10 856		 0.32
10 891		 14.60
2020
NAV		 1.70
10 170		 0.13
10 184		 -34.68
6 652		 2.56
6 823		 5.77
7 217		 10.90
8 003		 3.87
8 313		 6.50
8 853		 2.01
9 032		 0.67
9 093		 3.21
9 385		 1.27
9 504		 -4.96
2019
NAV		 1.50
10 150		 1.06
10 258		 0.91
10 351		 1.44
10 500		 0.31
10 532		 0.13
10 545		 0.99
10 650		 -0.36
10 611		 1.20
10 738		 0.82
10 827		 0.82
10 915		 1.80
11 111		 11.11
2018
NAV
 -0.07
9 993		 1.01
10 093		 0.92
10 186		 1.33
10 321		 -0.15
10 305		 0.85
10 393		 0.17
10411		 0.84
10 498		 0.74
10 575		 0.44
10 622		 -0.25
10 596		 -0.20
10 574		 5.74

No consideration to Principal Adverse Impacts (PAI) of investment decisions on sustainability factors

 

NCP does not currently consider the PAI due to lack of applicable data at this point in time. However, as relevant data is planned to be collected from underlying holdings during the first half of next year NCP will take the PAI into consideration as soon as relevant data is available.