Fact sheet: Nordea 1 Eur Corp Bd

Fund information
Fund name
Nordea 1 European Corporate Bond BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jan Sørensensince 01/04/2013
Fund objective
This Sub-fund aims to preserve the Shareholders capital and to provide an adequate rate of return on the investment. The investment manager aims to invest the assets of the Sub-fund, within the limitations stated below, into corporate bonds directly or indirectly through the use of derivatives, and into other types of transferable securities and money market instruments in anticipation of up and down market movements. This Sub-fund is further using its reference index as a tool for performance comparison purposes. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in corporate bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe.
Benchmark
  • ML EMU Corporate Bonds Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.1%
1 Year rank in sector
33/58
Sector
FO Fixed Int - EUR Corporate Bond
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.
0.85%
Fund size
£710m (£719m 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.
71
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Performance snapshot

Holdings snapshot

  • France16.6%
    Germany15.8%
    UK13.9%
    USA11.1%
    Norway6.6%
  • Banks30.5%
    Utilities13.5%
    Telecommunications7.6%
    Services6.3%
    Government Bonds5.9%
  • French Fixed Interest16.6%
    German Fixed Interest15.8%
    UK Fixed Interest13.9%
    US Fixed Interest11.1%
    Norwegian Fixed Interest6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%1.2%-2.1%9%24.1%
Sector0.6%1.1%0%3.1%8.5%22.6%
Rank within sector43 / 5926 / 5929 / 5933 / 5825 / 5520 / 46
Quartile3rd2nd2nd3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.6%3.9%-0.7%8.2%2.7%
Sector0.7%4.7%-1%6.9%2.2%
Rank within sector27 / 5937 / 5724 / 5618 / 5219 / 49
Quartile2nd3rd2nd2nd2nd
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.
0.29
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.
0.94
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%.
2.95
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.
0.7
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.
0.18
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.
0.95
Price movement
52 week high47.91
52 week low46.35
Current bid price-
Current offer price-
Current mid price47.33
Region
1France16.57%
2Germany15.82%
3UK13.93%
4USA11.14%
5Norway6.56%
6Denmark5.7%
7Netherlands5.47%
8Sweden5.2%
9Switzerland5.05%
Industry sector
1Banks30.46%
2Utilities13.45%
3Telecommunications7.55%
4Services6.3%
5Government Bonds5.9%
6Insurance5.61%
7Automotive4.66%
8Basic Industries4.58%
9Financial Services3.14%
Asset type
1French Fixed Interest16.57%
2German Fixed Interest15.82%
3UK Fixed Interest13.93%
4US Fixed Interest11.14%
5Norwegian Fixed Interest6.56%
6Danish Fixed Interest5.7%
7Dutch Fixed Interest5.47%
8Swedish Fixed Interest5.2%
9Swiss Fixed Interest5.05%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 3.25% BDS 04/01/20 EUR0.012.31%
2UBS (subordinated) FIX-TO-FRN 4.75%/14-12.02.20261.93%
3COOPERATIEVE RABOBANK UA 6.875% MTN 19/03/20 EUR10001.9%
4DANFOSS A/S 1.375% MTN 23/02/22 EUR1000001.89%
5NASDAQ INC 3.875% BDS 07/06/21 EUR1000001.77%
6GLOBAL SWITCH HLDGS LTD 5.5% GTD NTS 18/04/18 EUR1000001.71%
7NYKREDIT REALKREDIT AS 1.75% BDS 28/01/19 EUR1000001.63%
8JPMORGAN CHASE 2.625%/13-2304211.57%
9WESFARMERS 1.25% MTN 07/10/21 EUR1000001.56%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
This Sub-fund aims to preserve the Shareholders capital and to provide an adequate rate of return on the investment. The investment manager aims to invest the assets of the Sub-fund, within the limitations stated below, into corporate bonds directly or indirectly through the use of derivatives, and into other types of transferable securities and money market instruments in anticipation of up and down market movements. This Sub-fund is further using its reference index as a tool for performance comparison purposes. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in corporate bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe.
Benchmark
  • ML EMU Corporate Bonds Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jan Sørensen01/04/2013Jan joined us in 2009. Previously Jan worked as chief portfolio manager on credit portfolios with Danske Capital for 9 years. Jan started his career in Danske Bank as a credit analyst on international oriented major corporate customers in the Credit Department, Syndicated Loans and Corporate Banking. In between Danske Capital and Danske Bank he had a position as Vice President with Nykredit arranging and participating in acquisition finance, participation in syndicated loans and managing a portfolio of corporate bonds. Jan was one of two starting up the above mentioned business in Nykredit Bank. Jan has a general banking education and has Graduate Diploma in Business Administration, Finance and Accounting from Copenhagen Business School.
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, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Nordea 1 European Corporate Bond AI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.43%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price47.46
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVFI
Nordea 1 European Corporate Bond AX EUR
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price43.78
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG0NA
Nordea 1 European Corporate Bond BI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price49.31
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDZI2
Nordea 1 European Corporate Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price47.33
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV97
Nordea 1 European Corporate Bond BP NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price441.67
CurrencyNOK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV99
Nordea 1 European Corporate Bond BP SEK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price455.64
CurrencySEK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY35
Nordea 1 European Corporate Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price42.87
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV98
Nordea 1 European Corporate Bond E PLN
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price180.99
CurrencyPLN
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRX0
Nordea 1 European Corporate Bond HB NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price457.07
CurrencyNOK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2Y3
Nordea 1 European Corporate Bond HB SEK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price494.82
CurrencySEK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE3G5
Nordea 1 European Corporate Bond HBN EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price38.99
CurrencyEUR
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2M2
Nordea 1 European Corporate Bond HBS EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price38.66
CurrencyEUR
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE3G4
Nordea 1 European Corporate Bond HE PLN
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price199.74
CurrencyPLN
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code06O6
Nordea 1 European Corporate Bond HX SEK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price475.85
CurrencySEK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNOT1
Nordea 1 European Corporate Bond HY SEK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price472.58
CurrencySEK
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEBAZ
Data provided by

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