Fact sheet: Nordea 1 NorthAm All Cap Fd

Fund information
Fund name
Nordea 1 North American All Cap Fund BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Ed Cowartsince 30/05/2012
Fund objective
The portfolio strives to provide clients with above market investment performance with downside protection over a market cycle by following a VARG (Value and Reasonable Growth) approach, which entails a classic valuation-oriented style with a focus on growth catalysts. The benefit of using VARG is that the value protects from paying too much for a company, while the reasonable growth hurdle protects from falling into value traps and unlocks future stock value. The investable universe for the Nordea 1 North American All Cap Fund consists of companies in the Russell 3000 Index. The final outcome is a focused portfolio of 30 to 50 stocks with no systemic or dominant thematic biases and ideally with a beta below or equal to that of the Russell 3000 Index.
Benchmark
  • Russell 3000 Index
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
7.6%
1 Year rank in sector
30/37
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.
1.8%
Fund size
£1,398m (£1,862m 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.
97
Top in this sector
Fund name1 Year
Sanlam FOUR US Div Inc44.1%
M&G Offshore North Am Div34%
Lloyds North American26%
La Mondiale American Equity25.8%
Legg Mason Nth America24.4%
...more in FO Equity - North America

Performance snapshot

Holdings snapshot

  • USA100%
    Money Market-0%
  • Financials18.6%
    Health Care17.5%
    Information Technology13.8%
    Industrials13.5%
    Consumer Discretionary13.5%
  • US Equities100%
    Money Market-0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%3.5%6.5%7.6%8.7%-
Sector-0.3%5.8%8.6%11.7%30.1%88.8%
Rank within sector14 / 3930 / 3827 / 3730 / 3729 / 29-
Quartile2nd4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.4%-8.6%6.9%40.5%-
Sector8.6%-0.8%12.9%29.7%8.8%
Rank within sector28 / 3734 / 3529 / 313 / 29-
Quartile4th4th4th1st
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.
-6.94
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.
1.19
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.
0.09
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%.
13.47
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.
5.32
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.
-1
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.
0.86
Price movement
52 week high160.45
52 week low131.38
Current bid price-
Current offer price-
Current mid price158.99
Region
1USA100.03%
2Money Market-0.03%
Industry sector
1Financials18.59%
2Health Care17.49%
3Information Technology13.78%
4Industrials13.52%
5Consumer Discretionary13.51%
6Energy9.77%
7Consumer Staples8.13%
8Telecommunications Utilities3.21%
9Materials2.03%
Asset type
1US Equities100.03%
2Money Market-0.03%
Individual holdings
1MICROSOFT CORP4.69%
2PROCTER & GAMBLE CO4.12%
3DARLING INGREDIENTS INC4.01%
4AETNA INC NEW3.97%
5ZIMMER BIOMET HLDGS INC3.87%
6HONEYWELL INTERNATIONAL INC3.64%
7CAPITAL ONE FINANCIAL CORP3.6%
8APPLE INC3.53%
9INGERSOLL-RAND PLC3.49%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The portfolio strives to provide clients with above market investment performance with downside protection over a market cycle by following a VARG (Value and Reasonable Growth) approach, which entails a classic valuation-oriented style with a focus on growth catalysts. The benefit of using VARG is that the value protects from paying too much for a company, while the reasonable growth hurdle protects from falling into value traps and unlocks future stock value. The investable universe for the Nordea 1 North American All Cap Fund consists of companies in the Russell 3000 Index. The final outcome is a focused portfolio of 30 to 50 stocks with no systemic or dominant thematic biases and ideally with a beta below or equal to that of the Russell 3000 Index.
Benchmark
  • Russell 3000 Index
Investment style
Concentrated
Investment method
Shares
Fund manager
NameSinceBiography
Ed Cowart30/05/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, 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, Poland, Portugal, Singapore, Sweden
Nordea 1 North American All Cap Fund AI Dis EUR
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price142.53
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF80M
Nordea 1 North American All Cap Fund AI USD
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price160.15
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFLNC
Nordea 1 North American All Cap Fund AP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price124.8
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF46J
Nordea 1 North American All Cap Fund AP USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price140.23
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF46K
Nordea 1 North American All Cap Fund BC EUR
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.16
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE5XQ
Nordea 1 North American All Cap Fund BC GBP
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price100.71
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6MH
Nordea 1 North American All Cap Fund BC USD
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price131.64
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDLE
Nordea 1 North American All Cap Fund BI EUR
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price146.42
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0QM
Nordea 1 North American All Cap Fund BI NOK
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price1331.82
CurrencyNOK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVFS
Nordea 1 North American All Cap Fund BI SEK
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price1402.81
CurrencySEK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2UW
Nordea 1 North American All Cap Fund BI USD
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price164.52
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0QL
Nordea 1 North American All Cap Fund BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price141.5
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QO
Nordea 1 North American All Cap Fund BP GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price121.64
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF46L
Nordea 1 North American All Cap Fund BP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1287.06
CurrencyNOK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1ZE
Nordea 1 North American All Cap Fund BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1355.66
CurrencySEK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1ZF
Nordea 1 North American All Cap Fund BP USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price158.99
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QN
Nordea 1 North American All Cap Fund E EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price137.16
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QK
Nordea 1 North American All Cap Fund E PLN
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price587.25
CurrencyPLN
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF46M
Nordea 1 North American All Cap Fund E USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price154.11
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QJ
Nordea 1 North American All Cap Fund HA EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price106.98
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF46N
Nordea 1 North American All Cap Fund HB EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price110.89
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3HQ
Nordea 1 North American All Cap Fund HBC EUR
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price96.08
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEKO
Nordea 1 North American All Cap Fund HBI CHF
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price143.93
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFL9O
Nordea 1 North American All Cap Fund HBI EUR
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price131.16
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF1ZG
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