Fact sheet: Nordea 1 Danish Kroner Res

Fund information
Fund name
Nordea 1 Danish Kroner Reserve 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 denominated in DKK. The strategy is to invest mainly in DKK denominated short-term bonds and other short-term transferable debt securities listed on the Copenhagen Stock Exchange or traded in another regulated market within the OECD.
Benchmark
  • Denmark Interbank 3 Month
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.6%
1 Year rank in sector
6/7
Sector
FO Fixed Int - Other Single Short/Med Mat
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.
0.41%
Fund size
£109m (£146m 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.
67
Top in this sector
Fund name1 Year
UBS (L)MTBd-AUD2.3%
Nordea 1 Norwegian Krnr Res1.9%
Union Short Term Credit Invest1.2%
Nordea 1 Swedish Kroner Res0.3%
UBS (L)MTBd-CHF-0.2%
...more in FO Fixed Int - Other Single Short/Med Mat

Performance snapshot

Holdings snapshot

  • Denmark90.6%
    Money Market5.3%
    UK4.1%
  • AAA94.7%
    Money Market5.3%
  • Danish Fixed Interest90.6%
    Money Market5.3%
    UK Fixed Interest4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%-0.3%-0.6%-1.3%-0.5%
Sector-0.1%-0.1%0%0.5%2.5%5.4%
Rank within sector4 / 74 / 75 / 76 / 77 / 77 / 7
Quartile3rd3rd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%-0.6%-0.2%0.1%0.7%
Sector0.6%0.4%1.5%0.5%2.4%
Rank within sector6 / 76 / 77 / 75 / 77 / 7
Quartile4th4th4th3rd4th
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.
-0.53
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.
0.12
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%.
0.23
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.
0.53
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.
-2.29
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.
0.07
Price movement
52 week high166.88
52 week low165.9
Current bid price-
Current offer price-
Current mid price165.89
Region
1Denmark90.58%
2Money Market5.28%
3UK4.14%
Industry sector
1AAA94.72%
2Money Market5.28%
Asset type
1Danish Fixed Interest90.58%
2Money Market5.28%
3UK Fixed Interest4.14%
Individual holdings
1REALKREDIT DANMARK 1% BDS 01/01/17 DKK0.0123.9%
2NORDEA KREDIT REALKREDITAKTIESELSKA 2% BDS 01/10/17 DKK0.0120.6%
3NYKREDIT REALKREDIT AS 1% NTS 01/10/17 DKK117.71%
4Denmark Treasury Bill 01-03-201711.03%
5BRFKREDIT 1% BDS 01/01/17 DKK0.018.27%
6DLR KREDIT A/S 1% BDS 01/01/17 DKK0.014.6%
7NYKREDIT REALKREDIT AS FRN 01/01/18 DKK10000004.47%
8BANK OF SCOTLAND PLC FRN 01/01/18 DKK10004.14%
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 denominated in DKK. The strategy is to invest mainly in DKK denominated short-term bonds and other short-term transferable debt securities listed on the Copenhagen Stock Exchange or traded in another regulated market within the OECD.
Benchmark
  • Denmark Interbank 3 Month
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 Kroner Reserve BP DKK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price165.89
CurrencyDKK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ43
Nordea 1 Danish Kroner Reserve BP EUR
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price22.3
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY40
Nordea 1 Danish Kroner Reserve BP NOK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price200.85
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY42
Nordea 1 Danish Kroner Reserve E DKK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price150.73
CurrencyDKK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY39
Nordea 1 Danish Kroner Reserve E EUR
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price20.26
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY41
Data provided by

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