Fact sheet: Nordea 1 NrwgnBnd

Fund information
Fund name
Nordea 1 Norwegian Bond BP NOK
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Harald Willersrudsince 19/01/2015
  • Iren Jensensince 19/01/2015
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Norway. The Sub-fund invests in bonds denominated in NOK. Invested are 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 instruments to reduce risks. The Fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • OB (Oslo Stock Exchange) Government Bonds All Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.6%
1 Year rank in sector
15/31
Sector
FO Fixed Int - Other Single Currency
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.
1.01%
Fund size
£6,063m (£6,258m 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.
81
Top in this sector
Fund name1 Year
HSBC GIF Brazil Bond37.2%
Aberdeen Gbl Brazil Bond30.6%
Baring China Bond16.9%
Aberdeen Gbl Indian Bond12.3%
Nordea 1 Swedish Bond3%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

  • Norway93.4%
    Money Market4.1%
    Sweden2.5%
  • Non-Rated43%
    AAA41.7%
    AA7.5%
    Money Market4.1%
    A3.7%
  • Norwegian Fixed Interest93.4%
    Money Market4.1%
    Swedish Fixed Interest2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.4%-1.6%0.6%9.2%17.7%
Sector-1.6%-2.3%-0.9%1.3%5.1%9.7%
Rank within sector18 / 3117 / 3120 / 3115 / 314 / 242 / 21
Quartile3rd3rd3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.7%-0.2%9%1.8%5.3%
Sector1.7%-0.9%4.2%-0.3%4.3%
Rank within sector16 / 3110 / 272 / 245 / 225 / 21
Quartile3rd2nd1st1st1st
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.
1.7
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.
0.85
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%.
2.69
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.
2.1
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.
0.68
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.
0.4
Price movement
52 week high215
52 week low206.83
Current bid price-
Current offer price-
Current mid price208.45
Region
1Norway93.4%
2Money Market4.11%
3Sweden2.49%
Industry sector
1Non-Rated43.04%
2AAA41.66%
3AA7.5%
4Money Market4.11%
5A3.7%
Asset type
1Norwegian Fixed Interest93.4%
2Money Market4.11%
3Swedish Fixed Interest2.49%
Individual holdings
1NORWAY(KINGDOM OF) 1.5% NTS 19/02/26 NOK10007.67%
2NORWAY(KINGDOM OF) 3% BDS 14/03/24 NOK10007.22%
3NORWAY(KINGDOM OF) 1.75% BDS 13/03/25 NOK10004.14%
4SSB Boligkreditt AS 14/21 ADJ C COVD2.57%
5VERD BOLIGKREDITT AS FRN 29/04/21 NOK10000002.04%
6NORDEA EIENDOMSKREDITT AS 1.8% BDS 15/06/22 NOK10000002.03%
7EIKA BOLIGKREDITT AS 1.75% NTS 01/10/21 NOK10000001.78%
8SPAREBANK 1 NAERINGSKREDITT 3.72% BDS 16/06/21 NOK10000001.76%
9SPAREBANKEN OST BOLIGKRE 3.05% BDS 05/02/21 NOK10000001.72%
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 private borrowers and public authorities domiciled in Norway. The Sub-fund invests in bonds denominated in NOK. Invested are 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 instruments to reduce risks. The Fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
  • OB (Oslo Stock Exchange) Government Bonds All Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Harald Willersrud19/01/2015
Iren Jensen19/01/2015Iren has worked within asset management since 1997. The first six years were spent with DnB Asset Management, beginning in client service, then as portfolio manager for international fixed income and later in asset allocation. Iren started with Nordea Investment Management in December 2003 as part of the Norwegian fixed income team, and is portfolio manager for the Norwegian kroner-based funds in Nordea 1, as well as focusing on FX-mangagement and credit analyses. She holds an MSc. in Finance from the Université de Caen, France (1997), as well as being a Certified Fixed Income Analyst (2000) and Certified EFFAS Financial Analyst (2004).
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, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Norwegian Bond AC EUR
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price12.39
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFU9W
Nordea 1 Norwegian Bond AC NOK
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price111.61
CurrencyNOK
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWPR
Nordea 1 Norwegian Bond AP NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price105.63
CurrencyNOK
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MCU
Nordea 1 Norwegian Bond BC EUR
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price12.53
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFD5N
Nordea 1 Norwegian Bond BC NOK
Initial charge3%
Annual charge0.4%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price112.85
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5EF
Nordea 1 Norwegian Bond BI NOK
Initial charge3%
Annual charge0.3%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price214.57
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIVU5
Nordea 1 Norwegian Bond BP EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price23.15
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV80
Nordea 1 Norwegian Bond BP NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price208.45
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ60
Nordea 1 Norwegian Bond E EUR
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price21.02
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV81
Nordea 1 Norwegian Bond E NOK
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price189.32
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV79
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.