Fact sheet: Nordea 1 Danish Bond

Fund information
Fund name
Nordea 1 Danish Bond BP DKK
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Henrik Stillesince 30/06/2008
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Denmark. The Sub-fund invests in bonds denominated in DKK. It invests in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instruments to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • Nordea Constant Maturity 5 Year Government Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.8%
1 Year rank in sector
9/31
Sector
FO Fixed Int - Other Single Currency
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.01%
Fund size
£145m (£196m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
70
Top in this sector
Fund name1 Year
HSBC GIF Brazil Bond32.4%
Aberdeen Gbl Brazil Bond25.7%
Baring China Bond16.7%
Aberdeen Gbl Indian Bond12.4%
SEB 5 Danish Mortgage Bd3.8%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.7%-0.7%1.8%6.1%10.7%
Sector-1.7%-2.2%-0.7%1.3%4.9%9.9%
Rank within sector13 / 3114 / 3116 / 319 / 318 / 248 / 21
Quartile2nd2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.9%-1.5%6.2%-1.7%4.1%
Sector1.6%-0.9%4.2%-0.3%4.3%
Rank within sector9 / 3120 / 275 / 2419 / 229 / 21
Quartile2nd3rd1st4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.61
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.82
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.46
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.87
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.17
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.45
Price movement
52 week high384.08
52 week low369.45
Current bid price-
Current offer price-
Current mid price376.41
Region
1Denmark97.16%
2Money Market2.84%
Industry sector
1AAA97.16%
2Money Market2.84%
Asset type
1Danish Fixed Interest97.16%
2Money Market2.84%
Individual holdings
1DENMARK(KINGDOM OF) 3% BDS 15/11/21 DKK0.0122.8%
2DENMARK(KINGDOM OF) 1.75% BDS 15/11/25 DKK0.0116.73%
3DENMARK(KINGDOM OF) 1.5% BDS 15/11/23 DKK0.0114.43%
4REALKREDIT DANMARK 2% BDS 01/04/17 DKK0.018.92%
5NYKREDIT REALKREDIT AS FLTG RATE NTS 01/10/38 DKK17.05%
6DENMARK(KINGDOM OF) 4% BDS 15/11/19 DKK0.016.67%
7NORDEA KREDIT REALKREDITAKTIESELSKA 2% FIXED BDS 01/10/47 DKK0.016.13%
8NYKREDIT REALKREDIT AS 2% FIXED BDS 01/10/47 DKK0.014.85%
9NORDEA KREDIT REALKREDITAKTIESELSKA 2% BDS 01/01/17 DKK1000003.41%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Denmark. The Sub-fund invests in bonds denominated in DKK. It invests in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instruments to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • Nordea Constant Maturity 5 Year Government Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Henrik Stille30/06/2008Henrik Stille: Employment history: August 2007- Present. Portfolio Manager, Nordea Investment Management, Copenhagen, Denmark. August 2005 August 2007: Assistant Portfolio Manager, Nordea Investment Management, Copenhagen, Denmark. Education: MSc in Economics, Lund University, Sweden Specialisation in Financial Economics. BSc in Business Administration, Lund University, Sweden, Specialisation in Finance.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Sweden
Nordea 1 Danish Bond BP DKK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price376.41
CurrencyDKK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ40
Nordea 1 Danish Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price50.61
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV66
Nordea 1 Danish Bond E DKK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price342.27
CurrencyDKK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV65
Nordea 1 Danish Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price46.02
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV67
Data provided by

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