Fact sheet: Nordea 1 GlbShrDrtBnd

Fund information
Fund name
Nordea 1 Global Short Duration Bond BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Thede Rüstsince 18/03/2016
Fund objective
This Sub-fund aims to preserve the Shareholders capital and to provide an adequate risk-adjusted rate of return on the investment. The investment manager invest the assets of the Sub-fund, within the limitations stated below, predominantly into European governmental bonds. The investment manager uses the pricing of the Credit Default Swap market as a guideline to select bonds with low credit risk. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in bonds and interest-bearing securities issued or guaranteed by an European State, by a central, regional or local authority, by a central bank in Europe or by supranational entities such as the European Central Bank, the European Union, the European Investment Bank or the European Financial Stability Facility. This Sub-fund may invest up to one-third of its total assets in other government bonds, sovereign bonds, supranational bonds, corporate bonds, warrants on bonds and other debt instruments such as money market instruments issued by banks, insurance companies, other governments and other organisations. Such other bonds and debt instruments may be denominated in various currencies and issued by worldwide borrowers.
Benchmark
  • No Specified Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Quick stats
1 Year return
1.5%
1 Year rank in sector
247/287
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.
0.74%
Fund size
£44m (£43m 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.
65
Top in this sector
Fund name1 Year
Capital Group GHIOL32%
Aberdeen Global II GlGovtBd27.9%
Russell Gbl Bd27.7%
Dodge & Cox Global Bond26.9%
Baring Intl Bd26.7%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA11.2%
    Mexico7%
    Italy5.7%
    Money Market5.4%
    Spain5.3%
  • BBB37%
    AAA19.4%
    A12.4%
    BB12%
    B9%
  • US Fixed Interest11.2%
    Mexican Fixed Interest7%
    Italian Fixed Interest5.7%
    Money Market5.4%
    Spanish Fixed Interest5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.7%0.2%1.5%8.2%-
Sector-0.4%2.2%3.9%5.1%8.3%16%
Rank within sector116 / 304242 / 302286 / 300247 / 287123 / 227-
Quartile2nd4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.8%-1.3%6.2%-3.2%-
Sector5.9%-1.6%3.7%-1.6%8.2%
Rank within sector237 / 296152 / 27687 / 237134 / 204-
Quartile4th3rd2nd3rd
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.
1.35
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.
0.42
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%.
3.04
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.
-0.13
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.
0.13
Price movement
52 week high106.99
52 week low103.78
Current bid price-
Current offer price-
Current mid price106.71
Region
1USA11.18%
2Mexico6.96%
3Italy5.65%
4Money Market5.38%
5Spain5.29%
6South Africa5.16%
7Brazil4.73%
8Malaysia4.6%
9Germany4.08%
Industry sector
1BBB37.02%
2AAA19.42%
3A12.42%
4BB11.95%
5B8.97%
6Money Market5.38%
7AA4.83%
Asset type
1US Fixed Interest11.18%
2Mexican Fixed Interest6.96%
3Italian Fixed Interest5.65%
4Money Market5.38%
5Spanish Fixed Interest5.29%
6South African Fixed Interest5.16%
7European Emerging Fixed Interest5.11%
8American Emerging Fixed Interest4.98%
9African Fixed Interest4.84%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10006.43%
2BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10003.44%
3MEXICO(UNITED MEXICAN STATES) 8.5% BDS 13/12/18 MXN1002.71%
4SOUTH AFRICA(REPUBLIC OF) 7.25% NTS 15/01/20 ZAR1 SER`R207`2.41%
5MALAYSIA 4.012% NTS 15/09/17 MYR10002.25%
6COLOMBIA(REPUBLIC OF) 11% BDS 24/07/20 COP1000002.09%
7CANADA(GOVT OF) 1.25% BDS 01/08/17 CAD10002.08%
8AUSTRALIA(COMMONWEALTH OF) 4.25% BDS 21/07/17 AUD10000002.07%
9ROMANIA(REPUBLIC OF) 5.75% BDS 29/04/20 RON100001.96%
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 an adequate risk-adjusted rate of return on the investment. The investment manager invest the assets of the Sub-fund, within the limitations stated below, predominantly into European governmental bonds. The investment manager uses the pricing of the Credit Default Swap market as a guideline to select bonds with low credit risk. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in bonds and interest-bearing securities issued or guaranteed by an European State, by a central, regional or local authority, by a central bank in Europe or by supranational entities such as the European Central Bank, the European Union, the European Investment Bank or the European Financial Stability Facility. This Sub-fund may invest up to one-third of its total assets in other government bonds, sovereign bonds, supranational bonds, corporate bonds, warrants on bonds and other debt instruments such as money market instruments issued by banks, insurance companies, other governments and other organisations. Such other bonds and debt instruments may be denominated in various currencies and issued by worldwide borrowers.
Benchmark
  • No Specified Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thede Rüst18/03/2016
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, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Sweden
Nordea 1 Global Short Duration Bond BI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.39%
Total expense ratio (TER)0.38%
Bid price-
Offer price-
Mid price108.46
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WRO
Nordea 1 Global Short Duration Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price106.71
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRP
Nordea 1 Global Short Duration Bond BP SEK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price1022.35
CurrencySEK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF36V
Nordea 1 Global Short Duration Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price103.14
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRN
Nordea 1 Global Short Duration 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 price109.52
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE2W
Data provided by

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