Fact sheet: Nordea 1 Intl High Yield Bd

Fund information
Fund name
Nordea 1 International High Yield Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Ben Millersince 30/06/2015
  • Kevin Bakkersince 30/06/2015
  • Derek Thomssince 30/06/2015
  • Jim Schaeffersince 30/06/2015
Fund objective
The fund invests worldwide into High Yield Bonds issued by companies. The fund seeks to achieve attractive risk-adjusted return by using a fundamental and research driven approach to investing in the high yield investment universe. Traditional and distressed credit analysis is the driver of the investment process and is at the core of the portfolio construction. The distressed credit analysis helps evaluate opportunities in the lower quality portion of the high yield market where dislocations may occur.
Benchmark
  • BofA ML Global High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
10.7%
1 Year rank in sector
22/73
Sector
FO Fixed Int - Global High Yield
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.
1.34%
Fund size
£122m (£193m 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.
82
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld31.9%
Natixis LoomsSyles HInc25%
T. Rowe Price Gbl HiYld Bd14.4%
T. Rowe Price GblHghIncBd14.3%
Franklin High Yield14.1%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA72.6%
    UK4.6%
    Canada4.5%
    Brazil3%
    Netherlands2.8%
  • Energy12.5%
    Media10.6%
    Telecommunications10.1%
    Basic Industries10%
    Banks8.6%
  • US Fixed Interest72.6%
    UK Fixed Interest4.6%
    Canadian Fixed Interest4.5%
    Brazilian Fixed Interest3%
    Dutch Fixed Interest2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0.6%5.9%10.7%7.9%-
Sector0.3%0.8%4.9%9.1%9.8%33.4%
Rank within sector28 / 8334 / 7914 / 7522 / 7338 / 58-
Quartile2nd2nd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund13.1%-6.4%1.2%7%-
Sector10.5%-2.5%1.4%5.2%15.5%
Rank within sector18 / 7355 / 6534 / 5814 / 49-
Quartile1st4th3rd2nd
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.
-1.54
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.
1.31
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%.
6.42
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.
2.28
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.
-0.31
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.
0.93
Price movement
52 week high115.77
52 week low96.13
Current bid price-
Current offer price-
Current mid price115.13
Region
1USA72.58%
2UK4.6%
3Canada4.49%
4Brazil3.04%
5Netherlands2.83%
6Luxembourg2.28%
7Italy2.18%
8Money Market1.52%
9France1.38%
Industry sector
1Energy12.51%
2Media10.56%
3Telecommunications10.05%
4Basic Industries9.95%
5Banks8.59%
6Health Care8.32%
7Capital Goods5.63%
8Leisure5.29%
9Technology4.61%
Asset type
1US Fixed Interest72.58%
2UK Fixed Interest4.6%
3Canadian Fixed Interest4.49%
4Brazilian Fixed Interest3.04%
5Dutch Fixed Interest2.83%
6Luxembourg Fixed Interest2.28%
7Italian Fixed Interest2.18%
8American Emerging Fixed Interest2.06%
9Money Market1.52%
Individual holdings
1SPRINT NEXTEL CORP 9% BDS 15/11/18 USD1000 144A1.43%
2CENTURYLINK INC 7.6% BDS 15/09/39 USD1000 `P`1.1%
3PETROBRAS INTERNATIONAL FINANCE CO 5.375% BDS 27/01/21 USD10001.08%
4GMAC CAPITAL TRUST I 8.125 02/15/20401.03%
5CLEAR CHANNEL WORLDWIDE0.81%
6VALEANT PHARMACEUTICALS INTL INC 4.5% BDS 15/05/23 EUR100000 REG S0.78%
7HUGHES SATELLITE SYS CORP 7.625% SNR NTS 15/06/21 USD10000.77%
8ZIGGO FINANCE BV 5.875% BDS 15/01/25 USD2000000.72%
9COTT BEVERAGES INC 5.375% BDS 01/07/22 USD10000.7%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests worldwide into High Yield Bonds issued by companies. The fund seeks to achieve attractive risk-adjusted return by using a fundamental and research driven approach to investing in the high yield investment universe. Traditional and distressed credit analysis is the driver of the investment process and is at the core of the portfolio construction. The distressed credit analysis helps evaluate opportunities in the lower quality portion of the high yield market where dislocations may occur.
Benchmark
  • BofA ML Global High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Miller30/06/2015
Kevin Bakker30/06/2015
Derek Thoms30/06/2015
Jim Schaeffer30/06/2015
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, Portugal, Singapore, Sweden
Nordea 1 International High Yield Bond BI EUR
Initial charge3%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price108.96
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF41Y
Nordea 1 International High Yield Bond BI USD
Initial charge3%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price117.05
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF41X
Nordea 1 International High Yield Bond BP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price107.18
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF42A
Nordea 1 International High Yield Bond BP USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price115.13
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF41Z
Nordea 1 International High Yield Bond E EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price104.07
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF41W
Nordea 1 International High Yield Bond E USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price111.79
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF41V
Nordea 1 International High Yield Bond HB EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price83.94
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF64C
Nordea 1 International High Yield Bond HB NOK
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price647.76
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5MO
Nordea 1 International High Yield Bond HBI EUR
Initial charge3%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price85.72
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF64B
Nordea 1 International High Yield Bond HBI NOK
Initial charge3%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price660.75
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5MP
Nordea 1 International High Yield Bond HBI SEK
Initial charge3%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price953.02
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE16X
Nordea 1 International High Yield Bond HX 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 price90.19
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF42B
Data provided by

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