Fact sheet: Nordea 1 Euro Divd Corp Bd

Fund information
Fund name
Nordea 1 European Diversified Corporate Bond BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jan Sørensensince 31/03/2013
Fund objective
The fund aims to preserve the shareholders capital and to provide an adequate risk-adjusted rate of return on the investment. The investment manager aims to invest the assets of the fund into Euro-denominated corporate bonds directly or indirectly through the use of derivatives, and into other types of Euro-denominated transferable securities and money market instruments in anticipation of positive and negative market movements. This sub-fund targets a limited exposure to any specific issuer or sector relative to its reference index.
Benchmark
  • ML EMU Corporate Bonds Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.8%
1 Year rank in sector
25/41
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.
0.89%
Fund size
£83m (£82m 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
Schroder ISF €Cp Bd4.7%
LO SelTheCredit Bd EUR4.5%
JI High Grade Corporate Bonds CL4.3%
Kempen (Lux) Euro Crdt3.9%
Vontobel €CorpBdMidYd3.8%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • France21%
    USA13.3%
    UK13.1%
    Germany11.6%
    Netherlands6.4%
  • BBB45.7%
    A38%
    AA9.1%
    Money Market3.1%
    BB2.2%
  • French Fixed Interest21%
    US Fixed Interest13.3%
    UK Fixed Interest13.1%
    German Fixed Interest11.6%
    Dutch Fixed Interest6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.5%-0%2.8%9.6%27.3%
Sector-1.5%-2.1%0.8%3.3%9.8%29%
Rank within sector31 / 4332 / 4232 / 4225 / 4123 / 3924 / 34
Quartile3rd4th4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.7%-0.8%7.6%1.6%12.5%
Sector3.7%-1%6.9%2.2%13.3%
Rank within sector31 / 4122 / 4120 / 3933 / 3826 / 34
Quartile4th3rd3rd4th4th
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.
-0.01
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.
0.99
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%.
3.11
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.
0.9
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.
-0.06
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.
0.92
Price movement
52 week high127.89
52 week low119.6
Current bid price-
Current offer price-
Current mid price123.93
Region
1France21.01%
2USA13.3%
3UK13.05%
4Germany11.59%
5Netherlands6.37%
6Italy5.22%
7Switzerland4.19%
8Norway3.84%
9Sweden3.74%
Industry sector
1BBB45.74%
2A38.04%
3AA9.12%
4Money Market3.05%
5BB2.24%
6AAA1.55%
7B0.25%
Asset type
1French Fixed Interest21.01%
2US Fixed Interest13.3%
3UK Fixed Interest13.05%
4German Fixed Interest11.59%
5Dutch Fixed Interest6.37%
6Italian Fixed Interest5.22%
7Swiss Fixed Interest4.19%
8Norwegian Fixed Interest3.84%
9Swedish Fixed Interest3.74%
Individual holdings
1EDF 4.625% BDS 11/09/24 EUR500001.6%
2CREDIT AGRICOLE SA 3.125% BDS 05/02/26 EUR1000001%
3BAYER AG FRN 01/07/75 EUR10000.95%
4BMW FINANCE NV 0% MTN 21/01/20 EUR10000.93%
5CREDIT SUISSE AG 1% MTN 07/06/23 EUR1000000.84%
6AVINOR AS 1.75% BDS 20/03/21 EUR1000000.82%
7MOTABILITY OPERATIONS GROUP PLC 3.25% NTS 30/11/18 EUR1000000.82%
8DANFOSS A/S 1.375% MTN 23/02/22 EUR1000000.81%
9GLOBAL SWITCH HLDGS LTD 5.5% GTD NTS 18/04/18 EUR1000000.79%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund aims to preserve the shareholders capital and to provide an adequate risk-adjusted rate of return on the investment. The investment manager aims to invest the assets of the fund into Euro-denominated corporate bonds directly or indirectly through the use of derivatives, and into other types of Euro-denominated transferable securities and money market instruments in anticipation of positive and negative market movements. This sub-fund targets a limited exposure to any specific issuer or sector relative to its reference index.
Benchmark
  • ML EMU Corporate Bonds Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jan Sørensen31/03/2013Jan 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, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Sweden
Nordea 1 European Diversified Corporate Bond BI EUR
Initial charge3%
Annual charge0.2%
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 price129.01
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0MRP
Nordea 1 European Diversified Corporate Bond BP EUR
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price123.93
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL1B7
Nordea 1 European Diversified Corporate Bond E EUR
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price114.97
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10VK
Nordea 1 European Diversified Corporate Bond HX SEK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price1250.12
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeL3V1
Nordea 1 European Diversified Corporate Bond X EUR
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)0.06%
Bid price-
Offer price-
Mid price130.56
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeL3V3
Data provided by

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