Fact sheet: Nordea 1 European Fin Debt

Fund information
Fund name
Nordea 1 European Financial Debt BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Jacob Toppsince 05/06/2012
Fund objective
This Sub-fund aims to provide an adequate rate of return on the investment. The Sub-fund invests primarily in financial sector corporate, covered as well as Contingent Convertible bonds directly or indirectly through the use of derivatives. This Sub-fund shall invest a minimum of two-thirds of its Total Assets in bonds and credit default swaps issued by European financial institutions. This geographic requirement applies to the issuing entity itself or to the ultimate parent company of the issuing entity.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.9%
1 Year rank in sector
19/34
Sector
FO Fixed Int - EUR
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.
1.33%
Fund size
£197m (£214m 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.
61
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv9.8%
Robeco All Strat Euro Bds8.9%
Lloyds Euro High Inc8.6%
Union Quoniam Sel SICV€Cr8.2%
Pictet EUR Bonds7.8%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Switzerland22.7%
    UK15.2%
    France10.6%
    Money Market9.6%
    Italy9%
  • BBB44.8%
    BB33.2%
    A9.9%
    Money Market9.6%
    B2.6%
  • Swiss Fixed Interest22.7%
    UK Fixed Interest15.2%
    French Fixed Interest10.6%
    Money Market9.6%
    Italian Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%4.8%3.9%4.9%17.8%-
Sector0.2%1.5%2.6%4.3%13%26.1%
Rank within sector32 / 342 / 348 / 3419 / 3410 / 28-
Quartile4th1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.1%3.7%5.6%19.5%-
Sector3.8%0%7.7%1.5%10.2%
Rank within sector27 / 343 / 3323 / 311 / 27-
Quartile4th1st3rd1st
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.
1.6
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.
1.17
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.
0.48
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%.
6.37
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.
5.81
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.
0.37
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.
0.16
Price movement
52 week high147.06
52 week low130.22
Current bid price-
Current offer price-
Current mid price145.08
Region
1Switzerland22.72%
2UK15.17%
3France10.57%
4Money Market9.6%
5Italy8.97%
6Germany8.93%
7Netherlands8.69%
8Ireland7.61%
9Norway3.53%
Industry sector
1BBB44.84%
2BB33.15%
3A9.85%
4Money Market9.6%
5B2.56%
Asset type
1Swiss Fixed Interest22.72%
2UK Fixed Interest15.17%
3French Fixed Interest10.57%
4Money Market9.6%
5Italian Fixed Interest8.97%
6German Fixed Interest8.93%
7Dutch Fixed Interest8.69%
8Irish Fixed Interest7.61%
9Norwegian Fixed Interest3.53%
Individual holdings
1BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR10007.19%
2UBS GROUP AG 5.75% UNDATED BDS EUR200006.99%
3LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000006.12%
4ASSICURAZIONI GENERALI SPA 1% NTS 12/12/42 EUR1000005.07%
5TALANX FINANZ LUXEMBOURG AG 8.3673% BDS 15/06/42 EUR1000004.23%
6CREDIT AGRICOLE ASSURANCES SA 4.25% UNDATED BDS EUR1000003.91%
7CREDIT SUISSE AG 6.25% UNDATED BDS USD2000003.91%
8DELTA LLOYD LEVENSVERZEKERING VAR RATE BDS 29/08/42 EUR1000003.83%
9KOMMUNAL LANDSPENSJONKASSE 4.25% BDS 10/06/45 EUR1000003.53%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
This Sub-fund aims to provide an adequate rate of return on the investment. The Sub-fund invests primarily in financial sector corporate, covered as well as Contingent Convertible bonds directly or indirectly through the use of derivatives. This Sub-fund shall invest a minimum of two-thirds of its Total Assets in bonds and credit default swaps issued by European financial institutions. This geographic requirement applies to the issuing entity itself or to the ultimate parent company of the issuing entity.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Jacob Topp05/06/2012
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 European Financial Debt AI EUR
Initial charge3%
Annual charge0.5%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price148.69
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7CJ
Nordea 1 European Financial Debt AP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price137.01
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFLNI
Nordea 1 European Financial Debt 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 price1107.75
CurrencyDKK
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2PZ
Nordea 1 European Financial Debt 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 price148.67
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2QA
Nordea 1 European Financial Debt BP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price145.08
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2QB
Nordea 1 European Financial Debt E EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price140.73
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2QC
Nordea 1 European Financial Debt HBC USD
Initial charge3%
Annual charge0.6%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.66
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7MV
Nordea 1 European Financial Debt HBI CHF
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)0.71%
Bid price-
Offer price-
Mid price156.89
CurrencyCHF
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBN1N
Nordea 1 European Financial Debt HBI SGD
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 price267.1
CurrencySGD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIDQ
Nordea 1 European Financial Debt HBI USD
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 price207.3
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIDP
Nordea 1 European Financial Debt X EUR
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.02%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price151.27
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHIS
Data provided by

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