Monthly report April 2021 – HYOF

The month of April, with an increase of 0.73 points, was the fund's best so far, taking us to a NAV of 100.82.

Although we have referred to the strength of the underlying portfolio's yield in previous monthly letters, it is positive to be able to show the effects of it in a month like this, i.e. without too much influence from buying/selling. We maintain our forecast of an annual profit of just over 7%.

In other words, we have not been so transaction-intensive during April, but on the whole have been satisfied with the exposure we have, both to individual issuers, sectors and in geography. We are fully invested but have a good pipeline of interesting bonds we want to invest in with the capital from the next issue.

The next issue is on 29 April and you can subscribe as usual through Avanza, among others. See the website for more information about it.