Fact sheet: Nordea 1 Eurpn Corp BdFd +

Fund information
Fund name
Nordea 1 European Corporate Bond Plus BI EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jan Sørensensince 31/03/2013
Fund objective
This Sub-fund aims to preserve the Shareholders capital and to provide a return exceeding the average return of the Euro corporate bond market. The investment manager actively uses derivatives in order to enhance returns and manage risks in the Sub-fund. 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, asset-backed securities and covered bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds and debt instruments issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe.  A maximum of 20 percent of the net assets of this Sub-fund may be invested in asset-backed securities. At the time of the investment, the securities must have a long-term rating between AAA and BBB- or equivalent by any available rating agency (S&P, Moodys and Fitch).
Benchmark
  • ML EMU Corporate Bonds Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3%
1 Year rank in sector
11/41
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.
0.61%
Fund size
£89m (£110m 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.
69
Top in this sector
Fund name1 Year
Schroder ISF €Cp Bd4.7%
JI High Grade Corporate Bonds CL4.3%
LO SelTheCredit Bd EUR4.1%
Morg Stnly Euro Corp Bond3.8%
Nordea 1 European Crs Crdt3.4%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • France17.5%
    Germany14.5%
    UK13.3%
    USA11.7%
    Norway6.3%
  • BBB48.5%
    A25.8%
    AAA8.7%
    AA7%
    BB5.6%
  • French Fixed Interest17.5%
    German Fixed Interest14.5%
    UK Fixed Interest13.3%
    US Fixed Interest11.7%
    Norwegian Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.5%-0.2%3%12.4%35.2%
Sector-1.5%-2.4%0.6%3.2%9.8%28.3%
Rank within sector12 / 4313 / 4225 / 4211 / 414 / 397 / 34
Quartile2nd2nd3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund3.3%-0.3%8.8%3.5%15.2%
Sector3.6%-1%6.9%2.2%13.3%
Rank within sector14 / 419 / 414 / 399 / 3810 / 34
Quartile2nd1st1st1st2nd
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.
0.75
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.
0.13
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%.
3.07
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.
1.02
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 high138.22
52 week low129.23
Current bid price-
Current offer price-
Current mid price134.71
Region
1France17.46%
2Germany14.48%
3UK13.29%
4USA11.72%
5Norway6.33%
6Switzerland5.71%
7Denmark5.55%
8Netherlands4.74%
9Sweden4.15%
Industry sector
1BBB48.53%
2A25.76%
3AAA8.66%
4AA6.99%
5BB5.57%
6Money Market2.97%
7B1.52%
Asset type
1French Fixed Interest17.46%
2German Fixed Interest14.48%
3UK Fixed Interest13.29%
4US Fixed Interest11.72%
5Norwegian Fixed Interest6.33%
6Swiss Fixed Interest5.71%
7Danish Fixed Interest5.55%
8Dutch Fixed Interest4.74%
9Swedish Fixed Interest4.15%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 5.625% BDS 4/1/2028 EUR0.012.38%
2GLOBAL SWITCH HLDGS LTD 5.5% GTD NTS 18/04/18 EUR1000002.26%
3DANFOSS A/S 1.375% MTN 23/02/22 EUR1000001.9%
4UBS AG 4.75% BDS 12/12/26 EUR1000001.88%
5NASDAQ INC 3.875% BDS 07/06/21 EUR1000001.67%
6COOPERATIEVE RABOBANK UA 6.875% MTN 19/03/20 EUR10001.65%
7JPMORGAN CHASE & CO 2.625% MTN 23/04/21 EUR1000001.61%
8GERMANY(FEDERAL REPUBLIC OF) 5.5% BDS 4/1/2031 EUR0.011.39%
9TEVA PHARMACEUTICAL FINANCE BV 1.125% BDS 15/10/24 EUR1000001.39%
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 a return exceeding the average return of the Euro corporate bond market. The investment manager actively uses derivatives in order to enhance returns and manage risks in the Sub-fund. 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, asset-backed securities and covered bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds and debt instruments issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe.  A maximum of 20 percent of the net assets of this Sub-fund may be invested in asset-backed securities. At the time of the investment, the securities must have a long-term rating between AAA and BBB- or equivalent by any available rating agency (S&P, Moodys and Fitch).
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, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Sweden
Nordea 1 European Corporate Bond Plus BI EUR
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price134.71
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7A2
Nordea 1 European Corporate Bond Plus HBI SEK
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price1183.53
CurrencySEK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFGFZ
Nordea 1 European Corporate Bond Plus TBI EUR
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price126.67
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJEP
Nordea 1 European Corporate Bond Plus 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 price138.78
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7A3
Data provided by

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