Fact sheet: Nordea 1 Europ HgYdBd II

Fund information
Fund name
Nordea 1 European High Yield Bond II BI EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Torben Frederiksensince 11/03/2011
Fund objective
The fund invests in High Yield bonds denominated in Euro or issued by/on companies which are domiciled or exercise the predominant part of their economic activity in Europe. To fund uses a bottom-up investment process to identify attractive opportunities and deliver an adequate return compared to the Merrill Lynch European Currency High Yield Constrained index - Total Return 100% Hedged to EUR. The fund can have exposure to multiple currencies, however, it is fully hedged to Euro. As part of its investment strategy, the fund may also use derivatives. This fund is suitable for the investors that seek a well-diversified bond allocation and that have a minimum investment horizon of 5 years.
Benchmark
  • ML European Ccy HY Constrained - Total Return Index (EUR Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7%
1 Year rank in sector
3/29
Sector
FO Fixed Int - EUR High Yield
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.
0.71%
Fund size
£472m (£395m 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.
76
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd28.4%
Pioneer SICV-Eur Hi Yd26.1%
Deutsche Inv I EurHiYdCorp7.9%
Nordea 1 Europ HgYdBd II7%
Schroder ISF EURO Hi Yd6.3%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • UK22.9%
    Luxembourg13%
    USA7.4%
    Money Market7%
    Italy6%
  • BB37.8%
    B36.5%
    BBB9.8%
    Money Market7%
    CCC6.5%
  • UK Fixed Interest22.9%
    Luxembourg Fixed Interest13%
    US Fixed Interest7.4%
    Money Market7%
    Dutch Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.6%3.9%7%16.4%-
Sector-0.9%-0.7%3.1%4.7%11.3%49.1%
Rank within sector3 / 2812 / 294 / 293 / 295 / 25-
Quartile1st2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.6%1.3%4.7%7.4%22%
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector3 / 2912 / 298 / 2517 / 2412 / 21
Quartile1st2nd2nd3rd3rd
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.
0.39
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.
1.26
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.
0.39
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%.
5.59
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.
2.29
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.
0.62
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.
0.87
Price movement
52 week high76.83
52 week low67.25
Current bid price-
Current offer price-
Current mid price76.16
Region
1UK22.92%
2Luxembourg12.97%
3USA7.35%
4Money Market6.98%
5Italy5.98%
6Netherlands5.98%
7France5.18%
8Switzerland4.72%
9Germany4.32%
Industry sector
1BB37.83%
2B36.53%
3BBB9.81%
4Money Market6.98%
5CCC6.52%
6Non-Rated1.26%
7A0.72%
8CCC-0.35%
Asset type
1UK Fixed Interest22.92%
2Luxembourg Fixed Interest12.97%
3US Fixed Interest7.35%
4Money Market6.98%
5Dutch Fixed Interest5.98%
6Italian Fixed Interest5.98%
7French Fixed Interest5.18%
8Swiss Fixed Interest4.72%
9German Fixed Interest4.32%
Individual holdings
1SOFTBANK GROUP CORP 4.75% BDS 30/07/25 EUR1000002.16%
2ALTICE SA 6.25% BDS 15/02/25 EUR1000001.99%
3TESCO PROPERTY FINANCE 4 PLC 5.8006% BDS 13/10/40 GBP1000001.83%
4SAPPI PAPIER HLDG AG 3.375% BDS 01/04/22 EUR1000REG S1.78%
5SYNLAB BONDCO PLC 8.25% BDS 01/07/23 EUR1000001.56%
6Ineos Finance PLC 4% 01/05/20231.51%
7AVIVA DATED 3.375% TO FLTG 04/12/45 EUR10001.47%
8LGE HOLDCO VI BV 7.125% BDS 15/05/24 EUR1000001.43%
9UBS GROUP AG 5.75% UNDATED BDS EUR200001.39%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests in High Yield bonds denominated in Euro or issued by/on companies which are domiciled or exercise the predominant part of their economic activity in Europe. To fund uses a bottom-up investment process to identify attractive opportunities and deliver an adequate return compared to the Merrill Lynch European Currency High Yield Constrained index - Total Return 100% Hedged to EUR. The fund can have exposure to multiple currencies, however, it is fully hedged to Euro. As part of its investment strategy, the fund may also use derivatives. This fund is suitable for the investors that seek a well-diversified bond allocation and that have a minimum investment horizon of 5 years.
Benchmark
  • ML European Ccy HY Constrained - Total Return Index (EUR Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Torben Frederiksen11/03/2011
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, Poland, Sweden
Nordea 1 European High Yield Bond II BI DKK
Initial charge3%
Annual charge0.5%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price566.8
CurrencyDKK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code11PP
Nordea 1 European High Yield Bond II BI EUR
Initial charge3%
Annual charge0.5%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price76.16
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0MRQ
Nordea 1 European High Yield Bond II HB SEK
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price631.86
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code00TM
Nordea 1 European High Yield Bond II HE PLN
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price297.05
CurrencyPLN
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05SM
Nordea 1 European High Yield Bond II 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 price72.39
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN6Z9
Nordea 1 European High Yield Bond II X 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 price709.26
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7A0
Nordea 1 European High Yield Bond II Y EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price76.57
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE5WI
Data provided by

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