Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (166 kB)
Prospectus (1495 kB)
Periodic reports
Sustainability SFDR (392 kB)
Annual Report (10920 kB)
Semi-annual report (1198 kB)
Marketing material
Brief fund information
Summary SFDR (138 kB)
XACT Norden (Criteria) (UCITS ETF)
Legal name: XACT Norden (UCITS ETF)
Exchange traded fund Registered in Sweden (UCITS)
About risk
Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.
Objectives and Investment Policy
The fund is an exchange-traded index fund with the objective to track the performance of the Handelsbanken Nordic ESG Index as closely as possible. The fund is passively managed.
Fund returns are determined by how the fund's investments in equities increase or decrease in value. The index will be replicated through physical replication. The method selected for replication means that the fund will invest directly in those equities included in the index, i.e., full replication. Tracking error is expected to be less than 0.3% under normal market conditions. The management fee, as well as customer flows, index rebalancing and corporate events result in transaction costs for the fund, which are not present in the index. These are the main factors that impact the fund’s ability to replicate the index. The index is reinvested, i.e., distributions paid for equities included in the index are reinvested in the index after tax adjustments. The index consists of a selection of about 30 of the most-traded companies on the Nordic stock exchanges that meet the sustainability requirements of the index.
The index that the fund tracks includes sustainability requirements. The sustainability requirements mean that the index excludes companies involved in verified violations of international norms as well as companies operating within controversial sectors such as forbidden weapons, nuclear weapons, military equipment, tobacco, cannabís, alcohol, commercial gaming and pornography. The sustainability requirements also mean that the index includes companies with high sustainability ratings. As a minimum, 75% of the index companies, as measured in the total market value of the index, must have a strong sustainability rating.
The fund can invest in derivative instruments as part of the fund’s investment focus. However, the use of derivative instruments is of such a nature that it only has a marginal impact on the fund’s risk level.
The fund does not distribute dividends. All income is reinvested in the fund.
Normally, you can purchase and sell fund units on the stock market, the so-called secondary market, on all banking days. You can also create and redeem units directly with the management company on the so-called primary market.
Additional information about the sustainability work and the funds index, may be found in the prospectus.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 5 years.
Performance
In percent including distribution
| Performance | Fund 1 | Index 2 |
|---|---|---|
| 30.04.2023 | 8.81 | 8.83 |
| 2022 | -9.44 | -9.28 |
| 2021 | 41.26 | 41.26 |
| 2020 | 12.84 | 12.81 |
| 2019 | 22.21 | 22.05 |
| Average. perf. | Fund 1 | Index 2 |
|---|---|---|
| 2 years | 10.34 | 10.41 |
| 3 years | 18.48 | 18.54 |
| 5 years | 12.44 | 12.43 |
| 10 years | 9.76 | 9.86 |
Sector Breakdown 30.04.2023
Health Care 30.55%
Industrials 28.48%
Financials 24.53%
Information Technology 7.12%
Materials 5.81%
Consumer Staples 2.16%
Consumer Discretionary 1.35%
Largest holdings 30.04.2023
| Novo Nordisk A/S Class B | 21.13% |
| Investor AB Class B | 6.91% |
| Atlas Copco AB Class A | 5.76% |
| Nordea Bank Abp | 4.98% |
| Volvo AB Class B | 4.80% |
| AstraZeneca PLC | 4.59% |
| DSV AS | 3.56% |
| Genmab A/S | 2.83% |
| Assa Abloy AB Class B | 2.68% |
| Hexagon AB Class B | 2.59% |
| All holdings | |
Style Box™ 30.04.2023
Risk measures (3 years) 30.04.2023
| Total risk | 17.03% |
| Total risk in index | 17.01%* |
| Tracking error | 0.09%* |
| Information ratio | -0.64* |
| Sharpe ratio | 1.08 |
| Sharpe ratio index | 1.08* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Caroline Mebius |
| Country of registration | Sweden |
| Main category | Equity Fund |
| Sub category | - |
| Fund, date of launch | 04.05.2006 |
| Share class, date of launch | 04.05.2006 |
| Fund assets | 21,424 MSEK (30.04.2023) |
| Reporting Currency | EUR |
| Trading Currency | SEK |
| Instrument category | Uncomplicated |
| UCITS | Yes |
| ISIN | SE0001710914 |
| Short name | XACT Norden |
| Available for sale | Finland, Norway, Sweden |
| Fund Company Facts | |
|---|---|
| Management Company | Handelsbanken Fonder AB |
| Approval of fund operations | 06.05.1991 |
| Other approvals |
Discretionary Asset Management Manager of Alternative Investment Funds (AIFs) Provide investment advice Receive and forward orders
|
| Custodian Institution | J. P. Morgan SE - Stockholm Bankfilial |
| Legal domicile of fund | Stockholm, Sweden |
| Regulation Authority | Swedish Financial Supervisory Authority |
| Auditor | Ernst & Young AB |
| Complaints Manager | Jörgen Larson |