Fact sheet: Nordea 1 Danish Mortgage Bd

Fund information
Fund name
Nordea 1 Danish Mortgage 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. Investments are made primarily in callable Danish mortgage backed bonds listed on the Copenhagen Stock Exchange. The holdings of Danish mortgage backed bonds in the Sub-fund will typically have high coupons in comparison with the general yield level of bonds with similar durations. Investments in Danish government bonds listed on the Copenhagen Stock Exchange are also permitted.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
1/2
Sector
FO Fixed Int - Other Single Securitised
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.
0.93%
Fund size
£3,755m (£3,742m 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.
72
Top in this sector
Fund name1 Year
Nordea 1 Danish Mortgage Bd3.2%
Danske Danish Mortg Bond2.6%
...more in FO Fixed Int - Other Single Securitised

Performance snapshot

Holdings snapshot

  • Denmark92.3%
    Norway5%
    Money Market1.9%
    Sweden0.9%
  • AAA92.7%
    AA4.6%
    Money Market1.9%
    Non-Rated0.9%
  • Danish Fixed Interest92.3%
    Norwegian Fixed Interest5%
    Money Market1.9%
    Swedish Fixed Interest0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.4%0.6%3.2%6.6%14.3%
Sector-0.8%-1.5%0.6%2.9%6%14%
Rank within sector1 / 21 / 21 / 21 / 22 / 21 / 2
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund3.6%-2.3%6.2%-0.4%5.1%
Sector3.4%-1.8%4.8%0.7%5.4%
Rank within sector1 / 22 / 21 / 22 / 21 / 2
Quartile
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.
0.04
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.
1.05
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%.
2.52
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.
0.64
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.
0.22
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.
0.94
Price movement
52 week high229.83
52 week low217.72
Current bid price-
Current offer price-
Current mid price225.84
Region
1Denmark92.28%
2Norway4.96%
3Money Market1.87%
4Sweden0.9%
Industry sector
1AAA92.68%
2AA4.6%
3Money Market1.87%
4Non-Rated0.85%
Asset type
1Danish Fixed Interest92.28%
2Norwegian Fixed Interest4.96%
3Money Market1.87%
4Swedish Fixed Interest0.9%
Individual holdings
1NORDEA KREDIT REALKREDITAKTIESELSKA 2% FIXED BDS 01/10/47 DKK0.0114.62%
2REALKREDIT DANMARK 2% BDS 01/10/47 DKK0.0114.59%
3NYKREDIT REALKREDIT AS 2.5% BDS 01/10/47 DKK0.018.71%
4NYKREDIT REALKREDIT AS 2% FIXED BDS 01/10/47 DKK0.014.48%
5NORDEA KREDIT REALKREDITAKTIESELSKA 3% BDS 01/10/44 DKK0.013.71%
6NYKREDIT REALKREDIT AS 4% BDS 01/01/22 DKK0.013.15%
7BRFKREDIT 2% BDS 01/10/47 DKK0.013.12%
8REALKREDIT DANMARK 2.5% BDS 01/10/47 DKK0.012.96%
9DENMARK(KINGDOM OF) 1.5% BDS 15/11/23 DKK0.012.92%
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. Investments are made primarily in callable Danish mortgage backed bonds listed on the Copenhagen Stock Exchange. The holdings of Danish mortgage backed bonds in the Sub-fund will typically have high coupons in comparison with the general yield level of bonds with similar durations. Investments in Danish government bonds listed on the Copenhagen Stock Exchange are also permitted.
Benchmark
  • No Specified 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, Reporting Fund Status, 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, Singapore, Sweden
Nordea 1 Danish Mortgage Bond AI DKK
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price204.3
CurrencyDKK
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI6I8
Nordea 1 Danish Mortgage Bond AI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price27.48
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG1MO
Nordea 1 Danish Mortgage Bond AP DKK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price171.19
CurrencyDKK
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN869
Nordea 1 Danish Mortgage Bond AP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price23.02
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN870
Nordea 1 Danish Mortgage Bond BC DKK
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price236.69
CurrencyDKK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFD5M
Nordea 1 Danish Mortgage Bond BC EUR
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price31.83
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFBG
Nordea 1 Danish Mortgage Bond BI DKK
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price238.01
CurrencyDKK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN370
Nordea 1 Danish Mortgage Bond BI NOK
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price287.71
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNTP
Nordea 1 Danish Mortgage Bond BP DKK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price225.84
CurrencyDKK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ33
Nordea 1 Danish Mortgage Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price30.37
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV71
Nordea 1 Danish Mortgage Bond E DKK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price205.38
CurrencyDKK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV70
Nordea 1 Danish Mortgage Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price27.62
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV72
Nordea 1 Danish Mortgage Bond HAI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price24.73
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC6Z1
Nordea 1 Danish Mortgage Bond HBI CHF
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price38.03
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2AJ
Nordea 1 Danish Mortgage Bond HBI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.51%
Bid price-
Offer price-
Mid price32.33
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2UX
Nordea 1 Danish Mortgage Bond HBI SEK
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price129.84
CurrencySEK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5CE
Nordea 1 Danish Mortgage Bond HBI USD
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price43.41
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMGG
Nordea 1 Danish Mortgage Bond HX JPY
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price3767.63
CurrencyJPY
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC26L
Nordea 1 Danish Mortgage Bond X DKK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price238.3
CurrencyDKK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0EP
Data provided by

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