Fact sheet: Nordea 1 Flex FI I Pl

Fund information
Fund name
Nordea 1 Flexible Fixed Income Plus BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Karsten Bierresince 16/12/2016
Fund objective
The fund aims to preserve and steadily grow the Shareholder?s capital over a full investment cycle. The investment process is based on active asset allocation, both tactical and strategic, robust diversification across mainly fixed income asset classes using leveraged exposure, and active currency management. The portfolio manager aims to find return drivers using both long and short positions, in a wide range of fixed income instruments. Additionally, the investment manager aims, for a smaller portion of the Sub-fund, to invest in equity instruments.
Benchmark
  • No Specified Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Quick stats
1 Year return
2%
1 Year rank in sector
194/303
Sector
FO Fixed Int - Global
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.
1.46%
Fund size
£139m (£45m 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.
72
Top in this sector
Fund name1 Year
Capital Group GHIOL28.4%
Dodge & Cox Global Bond23.6%
LM WAHiYcrEn23.2%
Natixis H2O Multibonds19%
BlueBay Fin Cap Bd18.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • UK15.3%
    Germany12.8%
    Canada12.6%
    USA11.6%
    Denmark10.7%
  • AAA58.3%
    AA23.1%
    Non-Rated6.7%
    Money Market6%
    BBB3.2%
  • UK Fixed Interest15.3%
    German Fixed Interest12.8%
    Canadian Fixed Interest12.6%
    US Fixed Interest11.6%
    Danish Fixed Interest10.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.8%2.4%2%7.4%7%
Sector0.2%1.3%2.6%4%5.3%12.3%
Rank within sector203 / 334117 / 330170 / 316194 / 30393 / 250118 / 179
Quartile3rd2nd3rd3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%2.8%-1.3%6.2%-3.2%
Sector2%4.6%-1.6%3.7%-1.6%
Rank within sector172 / 323168 / 295145 / 26983 / 234136 / 206
Quartile3rd3rd3rd2nd3rd
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.
1.74
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.
0.44
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%.
3.06
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.
3.19
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.
0.2
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 high108.87
52 week low105.6
Current bid price-
Current offer price-
Current mid price108.69
Region
1UK15.3%
2Germany12.76%
3Canada12.64%
4USA11.57%
5Denmark10.73%
6Australia6.23%
7Money Market6.04%
8Belgium5.1%
9Ireland4.74%
Industry sector
1AAA58.27%
2AA23.09%
3Non-Rated6.7%
4Money Market6.04%
5BBB3.18%
6A2.59%
7BB0.13%
Asset type
1UK Fixed Interest15.3%
2German Fixed Interest12.76%
3Canadian Fixed Interest12.64%
4US Fixed Interest11.57%
5Danish Fixed Interest10.73%
6Australian Fixed Interest6.23%
7Money Market6.04%
8Belgian Fixed Interest5.1%
9Irish Fixed Interest4.74%
Individual holdings
1TREASURY 1.75% GILT 07/09/22 GBP0.018.13%
2TREASURY 1.5% GILT 22/07/26 GBP0.016.73%
3REALKREDIT DANMARK 1% BDS 01/04/19 DKK0.016.27%
4UNITED STATES OF AMER TREAS NOTES 1.75% BDS 30/04/22 USD10005.36%
5GERMANY(FEDERAL REPUBLIC OF) 1.5% NTS 04/09/22 EUR0.015.03%
6ROYAL BANK OF CANADA 0.125% CVD BDS 11/03/21 EUR100000 REG S4.56%
7DEUTSCHE HYPOTHEKENBANK AG 0.25% MTN 17/05/24 EUR1000004.54%
8FORTIS BANK SA 0% NTS 24/10/23 EUR1000004.46%
9REALKREDIT DANMARK 2% BDS 01/04/17 DKK0.014.46%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund aims to preserve and steadily grow the Shareholder?s capital over a full investment cycle. The investment process is based on active asset allocation, both tactical and strategic, robust diversification across mainly fixed income asset classes using leveraged exposure, and active currency management. The portfolio manager aims to find return drivers using both long and short positions, in a wide range of fixed income instruments. Additionally, the investment manager aims, for a smaller portion of the Sub-fund, to invest in equity instruments.
Benchmark
  • No Specified Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Karsten Bierre16/12/2016
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, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Sweden
Nordea 1 Flexible Fixed Income Plus AI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.91
CurrencyEUR
Price updated19/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEBAR
Nordea 1 Flexible Fixed Income Plus AP EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.76
CurrencyEUR
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEBAQ
Nordea 1 Flexible Fixed Income Plus BC EUR
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.9
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEBAT
Nordea 1 Flexible Fixed Income Plus BI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price110.89
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WRO
Nordea 1 Flexible Fixed Income Plus BP EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price108.69
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRP
Nordea 1 Flexible Fixed Income Plus BP SEK
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price1063.72
CurrencySEK
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF36V
Nordea 1 Flexible Fixed Income Plus E EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price104.55
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRN
Nordea 1 Flexible Fixed Income Plus HB SEK
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1027.61
CurrencySEK
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC51B
Nordea 1 Flexible Fixed Income Plus HBI SEK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1061.96
CurrencySEK
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNUY4
Nordea 1 Flexible Fixed Income 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 price109.01
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE2W
Nordea 1 Flexible Fixed Income Plus Y EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price111.24
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEBAS
Data provided by

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