DNB Asset Management AB

DNB ECO Absolute Return

Strategy Description

DNB ECO is a market-neutral fund that primarily seeks returns via alpha selection, making the general trend in the market mostly irrelevant. The fund aims to achieve a positive absolute return by taking long and short positions primarily in equities or equity-related derivative contracts of companies operating in or associated with renewable energy. The team behind DNB ECO is primarily composed of pure bottom-up-driven stock pickers, who rely on extensive research behind all holdings. The team constantly tries to make sure that the fund is investing in the right securities, while maintaining tight risk management. The product is monitored using multiple risk models, among them several factor models. There is a huge dispersion among the companies operating within the renewable universe, which requires an analysis of the universe using a wide variety of different approaches and models. There is not one single "right method" to find good investments in these developing and often embryonic sectors. The model framework will always be based on fundamentally oriented style, though the fund managers will utilize several different factors when evaluating investment decisions.

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund DomicileLuxembourg
Minimum Investment1,000 EUR
AUM15M EUR
Highwater MarkYes
Inception DateDec 2010
Management Fee1.5%
Performance Fee20%

Company Information

CompanyDNB Asset Management AB
PrincipalAnders Jonsson
AddressBOX 3510
Stockholm, SE-103 69
Phone+4684549000
Emaildnbnorari@dnbnor.com

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 0.80 2.80 -0.40 1.20 -0.65 1.39 0.34 -0.53 -0.18 -4.63 5.79 5.75
2016 -4.20 1.30 9.20 2.60 -3.40 -2.10 -3.70 6.10 -0.40 1.30 4.20 7.60 18.85
2015 -4.10 5.10 0.50 6.00 -2.90 5.90 -5.70 -0.90 -2.20 -6.20 -7.60 4.60 -8.52
2014 6.40 6.00 4.50 5.30 -2.90 3.70 0.60 1.10 -4.70 -1.40 -6.20 -12.10 -1.53
2013 -5.30 -5.90 -1.00 -1.40 -2.30 -1.50 -0.30 -1.50 0.90 -3.40 5.50 1.50 -14.20
2012 0.03 -7.62 4.85 -5.04 -5.94 2.46 13.26 -2.56 2.03 8.48 -1.78 -6.90 -0.96
2011 2.30 2.20 5.48 -4.74 0.15 -2.19 2.32 -0.70 -0.23 7.94 4.68 0.26 18.17
2010 1.10 1.10
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Return Statistics

Last Month 5.79
3 Month ROR 0.71
Year To Date 5.75
12 Month ROR 13.79
36 Month ROR 1.07
Compound ROR 2.01
Winning Months (%) 51.19
Average Winning Month 3.72
Average Losing Month -3.35
Total Return 14.95

Risk Statistics

Sharpe Ratio 0.20
Sortino Ratio 0.19
Sterling Ratio 0.02
Calmar Ratio 0.02
Skewness 0.11
Kurtosis 0.14
Maximum Drawdown -32.43
Correlation vs S&P 500 0.14
Average Losing Month -3.35
Standard Deviation (monthly) 4.51
Downside Deviation 2.96

Risk/Return Chart

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
1 -32.43 37 0 11/2012 11/2017
2 -13.48 4 2 02/2012 07/2012
3 -6.69 3 4 04/2011 10/2011
4 -2.56 1 2 08/2012 10/2012
5 - - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 13.26-12.100.270.095.7951.19
3 Months 17.86-20.930.751.130.7157.32
6 Months 32.90-24.881.432.501.9158.23
1 Year 32.66-26.732.26-0.9613.7949.32
2 Years 31.47-29.05-1.71-0.2431.4747.54
3 Years 22.08-31.20-3.49-4.481.0738.78
5 Years 9.09-16.03-7.61-9.25-9.5616.00

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Drawdown

Volatility (12 Months Rolling)

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Average ROR5.790.240.321.081.150.03
% Positive100.0033.3350.0058.3358.3350.00
Avg. Pos. Period5.795.792.512.853.523.71
Avg. Neg. Period - -2.41-1.78-1.28-2.02-3.44
Sharpe0.000.220.371.231.140.10
Sortino0.000.310.582.752.330.03
Std. Deviation0.005.233.363.173.664.62
Down. Deviation0.002.681.901.361.713.23

AUM

ALL DATA INCLUDING PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE RESPECITVE MANAGERS AND FUND. HEDGENORDIC IN NO WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM TO YOU FOR INFORMATION PURPOSES ONLY. THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL. NO INVESTMENT SHOULD BE MADE WITHOUT FULLY REVIEWING THE ASSOCIATED RISK FACTORS, FEES AND CONFLICTS OF INTEREST AS OUTLINED IN EACH FUNDS S RISK DISCLOSURE DOCUMENT. THERE MAY BE FUNDS WHO HAVE CHOSEN NOT TO BE LISTED IN THE HEDGENORDIC DATABASE AND NHX THAT MAY HAVE BETTER OR WORSE PERFORMANCE THAN THOSE IN OUR DATABASE.

THE RISK OF LOSS IN INVESTING IN HEDGEFUNDS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADE ONLY WITH RISK CAPITAL. SALES RESTRICTIONS MAY APPLY IN YOUR JURISDICTION.