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The fund invests primarily in bonds and certificates issued or guaranteed by governments from around the world.

The objective is to provide the best possible risk adjusted return.

The fund is suitable for those with at least a three year investment horizon. Investors must be able to tolerate currency fluctuations.

Latest report for the fund:

A room with a door
Anna Ancher, Interior. Brøndum's annex, 1916/1917. The painting is manipulated and belongs to The Art Museums of Skagen.
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The current benchmark index is the JP Morgan's GBI Broad Unhedged. The benchmark index prior to 1/1/2013 was the Barclay's Capital Global Treasury Index 3-5 years. Returns over 12 months are annualised.

On 31/10/2016 the methodology for the yield calculation was changed to be in line with the benchmark (from average yield to yield to maturity). The change caused an increase in the number displayed.

Calculate fund return (in EUR)


Sondre Solvoll Bakketun

Portfolio manager

as of 29/10/2021 - 78.88 % of all investments

US Government

33.28 %

UK Government

8.56 %

Republic of Chile

6.28 %

Romanian Government

6.01 %

International Finance Corp

5.34 %

Italian Government

4.21 %

Republic of Serbia

4.06 %

European Bank for Reconstruction & Development

3.94 %

Oriental Republic of Uruguay

3.89 %

Republic of Peru

3.32 %

All investments

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.