Fact sheet: Nordea 1 Global Bond

Fund information
Fund name
Nordea 1 Global Bond BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Thede Rüstsince 01/01/2015
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by an OECD member state or companies registered in such countries. Investments are made in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instrument to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • JP Morgan GBI Global - Total Return Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
216/296
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.
0.95%
Fund size
£141m (£61m 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.
77
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA33.5%
    Japan20.1%
    Italy10.2%
    Spain7.3%
    UK6%
  • AAA40.9%
    A21%
    BBB18.4%
    AA9.9%
    Money Market5.8%
  • US Fixed Interest33.5%
    Japanese Fixed Interest20.1%
    Italian Fixed Interest10.2%
    Spanish Fixed Interest7.3%
    UK Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-3%-0.8%0.8%25.2%24.6%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector173 / 315198 / 313222 / 308216 / 29616 / 23640 / 169
Quartile3rd3rd3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2.9%7.8%15.5%-8.3%1.1%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector157 / 3004 / 2768 / 237194 / 206159 / 171
Quartile3rd1st1st4th4th
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.
5.67
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.
1.12
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.
0.61
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%.
7.58
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.
6.98
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.
0.82
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.
0.14
Price movement
52 week high18.5
52 week low16.94
Current bid price-
Current offer price-
Current mid price17.55
Region
1USA33.49%
2Japan20.14%
3Italy10.21%
4Spain7.29%
5UK6.02%
6Money Market5.82%
7Germany4.89%
8France4.04%
9Poland2.32%
Industry sector
1AAA40.94%
2A21.01%
3BBB18.39%
4AA9.85%
5Money Market5.82%
6Non-Rated3.98%
Asset type
1US Fixed Interest33.49%
2Japanese Fixed Interest20.14%
3Italian Fixed Interest10.21%
4Spanish Fixed Interest7.29%
5UK Fixed Interest6.02%
6Money Market5.82%
7German Fixed Interest4.89%
8French Fixed Interest4.04%
9Polish Fixed Interest2.32%
Individual holdings
1ITALY(REPUBLIC OF) 4.5% TB 01/02/18 EUR10004.58%
2UNITED STATES OF AMER TREAS NOTES 0% NTS 30/06/20 USD10004.41%
3JAPAN(GOVERNMENT OF) 1.3% BDS 20/03/20 JPY1000 3074.33%
4UNITED STATES OF AMER TREAS NOTES 1.625% TB 15/11/22 USD10004.04%
5UNITED STATES OF AMER TREAS NOTES 2.75% NTS 15/02/19 USD1003.39%
6UNITED STATES OF AMER TREAS NOTES 4% TN 15/08/18 USD10003.39%
7UNITED STATES OF AMER TREAS NOTES 3.125% TB 15/05/21 USD1003.16%
8UNITED STATES OF AMER TREAS BONDS 3.75% BDS 15/11/43 USD10003.1%
9UNITED STATES OF AMER TREAS BONDS 4.50% BDS 15/08/39 USD10003.06%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by an OECD member state or companies registered in such countries. Investments are made in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instrument to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • JP Morgan GBI Global - Total Return Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thede Rüst01/01/2015
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, Portugal, Sweden
Nordea 1 Global Bond AP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price14.61
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN888
Nordea 1 Global Bond BI EUR
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price18.02
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeL8T6
Nordea 1 Global Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price17.55
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIG03
Nordea 1 Global Bond BP NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price157.34
CurrencyNOK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY37
Nordea 1 Global Bond BP SEK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price171.95
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY38
Nordea 1 Global Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price15.95
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY36
Nordea 1 Global Bond E PLN
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price71.29
CurrencyPLN
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRX5
Data provided by

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