Fact sheet: Nordea 1 North Am SmallCap

Fund information
Fund name
Nordea 1 North American Small Cap BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Mike Watermansince 02/03/2015
  • Todd Woltersince 02/03/2015
  • Stacey Nuttsince 02/03/2015
Fund objective
The fund strives to provide clients with above market investment performance over a market cycle. The investment process follows a fundamentally-oriented, bottom-up investment approach, aiming to identify mispricing from the undue influence of multiple emotional biases. Focus is placed on the uncertainty surrounding a company?s ability to successfully enter or extend an earnings growth cycle, seeking to take advantage as corresponding investor cynicism about this ability declines from elevated levels. The fund invests in stocks with a market capitalization between USD 200 million and USD 5 billion.
Benchmark
  • Russell 2000
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
15.3%
1 Year rank in sector
11/37
Sector
FO Equity - North America
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.
1.81%
Fund size
£182m (£142m 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.
128
Top in this sector
Fund name1 Year
Sanlam FOUR US Div Inc39.6%
M&G Offshore North Am Div33.5%
La Mondiale American Equity26.6%
Lloyds North American26%
SEB Nordamerika Små&Medel Blg23%
...more in FO Equity - North America

Performance snapshot

Holdings snapshot

  • USA98.1%
    Money Market1%
    Canada0.9%
  • Financials29.6%
    Information Technology17%
    Industrials14.6%
    Consumer Discretionary9.3%
    Materials9%
  • US Equities98.1%
    Money Market1%
    Canadian Equities0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund15.2%10.2%17.1%15.3%21.2%-
Sector6.5%2.6%8.4%10.8%28.8%78%
Rank within sector2 / 394 / 399 / 3811 / 3720 / 30-
Quartile1st1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund19.6%-4.8%2.6%36.5%-
Sector11.9%-0.8%12.9%29.7%8.8%
Rank within sector11 / 3731 / 3531 / 315 / 29-
Quartile2nd4th4th1st
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.
-3.82
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.
1.26
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.
0.16
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%.
15.66
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.
8.71
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.
-0.26
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.
0.71
Price movement
52 week high157.54
52 week low112.4
Current bid price-
Current offer price-
Current mid price157.54
Region
1USA98.12%
2Money Market0.99%
3Canada0.89%
Industry sector
1Financials29.59%
2Information Technology17.03%
3Industrials14.63%
4Consumer Discretionary9.27%
5Materials9.01%
6Consumer Staples6.12%
7Real Estate6.1%
8Health Care3.01%
9Utilities2.42%
Asset type
1US Equities98.12%
2Money Market0.99%
3Canadian Equities0.89%
Individual holdings
1FINISAR CORP1.72%
2ADVANCED ENERGY INDUSTRIES1.61%
3SKYWEST INC1.55%
4SANMINA CORP1.52%
5FRESH DEL MONTE PRODUCE NV1.47%
6TTM TECHNOLOGIES INC1.45%
7HUNTSMAN CORP1.37%
8TRINSEO S.A.1.36%
9ACCO BRANDS CORP1.34%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund strives to provide clients with above market investment performance over a market cycle. The investment process follows a fundamentally-oriented, bottom-up investment approach, aiming to identify mispricing from the undue influence of multiple emotional biases. Focus is placed on the uncertainty surrounding a company?s ability to successfully enter or extend an earnings growth cycle, seeking to take advantage as corresponding investor cynicism about this ability declines from elevated levels. The fund invests in stocks with a market capitalization between USD 200 million and USD 5 billion.
Benchmark
  • Russell 2000
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Mike Waterman02/03/2015
Todd Wolter02/03/2015
Stacey Nutt02/03/2015
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 North American Small Cap BI EUR
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price152.29
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2PT
Nordea 1 North American Small Cap BI USD
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price162.89
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2PU
Nordea 1 North American Small Cap BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price147.29
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2PV
Nordea 1 North American Small Cap BP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1324.61
CurrencyNOK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3RN
Nordea 1 North American Small Cap BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1443.24
CurrencySEK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3RO
Nordea 1 North American Small Cap BP USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price157.54
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2PW
Nordea 1 North American Small Cap E EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.58%
Total expense ratio (TER)2.56%
Bid price-
Offer price-
Mid price142.84
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2PX
Nordea 1 North American Small Cap E USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.58%
Total expense ratio (TER)2.56%
Bid price-
Offer price-
Mid price152.78
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2PY
Nordea 1 North American Small Cap HB EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price125.34
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3RM
Nordea 1 North American Small Cap X DKK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price1152.4
CurrencyDKK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSWN
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