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CF DANSKE FUND CAUTIOUS MANAGED D
Riskmeter About the fund
High Risk CF Danske Fund is a UK registered
Investment Company with variable capital
(ICVC), also known as an Open Ended
Investment Company (OEIC) which is
Low Risk
authorised and regulated by the Financial
The Riskmeter is a simplified presentation of
Services Authority and is part of the Danske
the sub-funds expected risk profile.
Bank Group fund range.
Basic information This Fund is aimed at customers with a low
to medium tolerance of risk and a minimum
NAV as of 28-02-2009(GBP) 0.85 investment time horizon of 5 years. The
ISIN GB00B0Z6TY94 investment objective of this Fund is to
Duration N/A provide investors with an excess return
Web site www.danskefund.co.uk compared to other investments with similar
Launch 10-04-2006 risk, whilst seeking to maintain capital over
Total assets , mill. (GBP) 23.71 the longer term.
Base currency GBP
Domicile UK This Fund will comprise of a mixture of
Initial charges up to 3.75 % income generating assets such as bonds,
Fund company CF Danske Fund dividend paying equities and assets with a
Annual management fee 1.50 % scope for capital growth.
Depending on the Fund Managers investment
decisions, strategic and tactical asset
Portfolio manager allocation weightings may change over time.
The Fund may invest up to 60% of its assets
The investment decisions are made by in equities and equity related securities
Danske Capitals solution team, which (equity funds) and may therefore experience
consists of more than 15 experienced moderate levels of volatility and risk to
managers and analysts. Jens Moos is capital.
responsible for the portfolios asset allocation.
He holds an MSc from the University of
Copenhagen and has more than 8 years of
experience with portfolio management. Jens
also has teaching experience as an external Largest holdings as of 28-02-2009
lecturer at the University of Copenhagen.
Issue Asset Class %
Danske Invest Danish Mortgage Funds 14.96 %
4.25% UK Treasury 07/03/2011 Fixed Income 10.95 %
Danske Invest High Dividend Funds 9.96 %
Danske Invest Global High Income Funds 9.78 %
4.00% UK Treasury 07/09/2016 Fixed Income 8.80 %
Artemis UK Special Situations Acc Funds 5.53 %
Past performance
5.00% UK Treasury 07/09/2014 Fixed Income 5.23 %
db x-trackers FTSE All-Share Funds 4.86 %
RESOLUTION ASSET MANAGEMENT - CARTE Funds 4.31 %
5.00% UK Treasury 07/03/2012 Fixed Income 3.87 %
other investments in 14 holding(s) 21.76 %
This chart is based on the performance of an Performance Information as of 28-02-2009
investment to the value of 100 GBP (net of Year to date 1 mth 3 mth 6 mth 12 mth 36 mth 60 mth Start
all charges as detailed in Basic Information )
Fund -4.89 -2.13 -1.22 -11.68 -13.30 - - -12.80
from launch 10-04-2006 until 28-02-2009.
Past performance is not a guide to future performance. The value of an investment and any income from it may fall as well as rise, is not
guaranteed and you may not get back what you originally invested.
THIS FUND FACT SHEET IS A FINANCIAL PROMOTION AS DEFINED BY THE NEW CONDUCT OF BUSINESS SOURCEBOOK PUBLISHED BY THE
FSA.
CF DANSKE FUND CAUTIOUS MANAGED D
Asset allocation information Fund report
n0-60% Equities Annaul report 2008 many of the adopted initiatives, especially
n40-100% Bonds in the US, uncertainty in respect to these
Market expectations is much higher than what is
The financial turmoil started in the autumn normally the case.
2007 and lasted all the way through 2008.
The Western economies also entered into We think a range of risky assets offer good
recession. As a consequence, nearly all value, equity being one of them. However,
financial asset classes corrected downwards due to the elevated levels of uncertainty,
- especially equities fell dramatically. our conviction as to a turnaround in the
UK equities showed the less significant falls performance of risky assets is lower than
among the major regions with a fall of 26%, usual. Bond yields are likely to fall further
Strategic
Europe and US fell 38-39% while Japan and in the coming months driven by a weaker
Emerging Markets fell 43-46% (all returns economy and low inflation.
nBonds 60.00%
in local currency.). Interest rates fell during
nEquities 40.00%
2008, leading to a return of 12.4% for Investment strategy
medium-term Gilts. The investment strategy has been changed
once during the fourth quarter. At the end
Return of October we added a minor position of
The sub-fund provided a return of -11.7% for equity, since our assessment was that the
the year. There is no benchmark. commitment to action from politicians and
The return is primarily attributable to the central banks alike will eventually do the job.
negative contribution from equities, however During the fourth quarter we also invested
partially offset by a positive impact from in Artimis and Cartesian, our two new active
the active stock selection. The fixed income managers on UK equity. We strongly believe
part of the portfolio contributed positively in active management and expect these sub-
with Gilts generating the highest return, funds to add value going forward.
Current - High Level and European investment grade and Danish
mortgage bonds returning almost similar Equity is mainly allocated to UK and European
nBonds 53.81% returns. equity, including a larger allocation to
nEquities 41.25% defensive high dividend equity. As a strategic
nCash 4.93% Expectations allocation we have invested in Emerging
We expect policy measures to be successful Market equity. In fixed income the major
in stabilising both the financial system and allocation is to Gilts.
the real economy as 2009 progresses.
However, due to the experimental nature of
Current - Geographical
nU.K. fixed income 38.33%
nU.K. equities 21.07%
nEuropean equities 16.85%
nGlobal fixed income
15.48%
nCash 4.93%
nEmerging Markets equities
2.17%
nNorth American equities
0.81%
nJapanese equities 0.36%
Past performance is not a guide to future performance. The value of an investment and any income from it may fall as well as rise, is not
guaranteed and you may not get back what you originally invested.
THIS FUND FACT SHEET IS A FINANCIAL PROMOTION AS DEFINED BY THE NEW CONDUCT OF BUSINESS SOURCEBOOK PUBLISHED BY THE
FSA.
