Fact sheet: Nordea 1 Swedish Kroner Res

Fund information
Fund name
Nordea 1 Swedish Kroner Reserve BP SEK
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Annette Eineljungsince 01/01/2004
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 denominated in SEK. The strategy is to invest mainly in SEK denominated short-term bonds and other short-term transferable debt securities listed on the Stockholm Stock Exchange or traded in another regulated market within the OECD.
Benchmark
  • Sweden Interbank 3 month
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.3%
1 Year rank in sector
4/7
Sector
FO Fixed Int - Other Single Short/Med Mat
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.
0.41%
Fund size
£1,424m (£1,682m 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.
80
Top in this sector
Fund name1 Year
UBS (L)MTBd-AUD2.3%
Nordea 1 Norwegian Krnr Res1.9%
Union Short Term Credit Invest1.1%
Nordea 1 Swedish Kroner Res0.3%
UBS (L)MTBd-CHF-0.5%
...more in FO Fixed Int - Other Single Short/Med Mat

Performance snapshot

Holdings snapshot

  • Sweden86.8%
    Norway5.4%
    Finland4.2%
    Denmark3.3%
    Money Market0.4%
  • BBB38.3%
    A30%
    Non-Rated24.7%
    AAA4.3%
    AA2.4%
  • Swedish Fixed Interest86.8%
    Norwegian Fixed Interest5.4%
    Finnish Fixed Interest4.2%
    Danish Fixed Interest3.3%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.1%0.3%0.3%1%5.7%
Sector-0.1%-0.1%0.2%0.4%2.4%5.7%
Rank within sector3 / 73 / 74 / 74 / 74 / 74 / 7
Quartile2nd2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.5%-0.6%1.1%1.8%2.8%
Sector0.6%0.4%1.5%0.5%2.4%
Rank within sector5 / 77 / 74 / 74 / 75 / 7
Quartile3rd4th3rd3rd3rd
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.
0.21
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.
0.23
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%.
0.34
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.
0.52
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.
-0.83
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.
0.13
Price movement
52 week high191.13
52 week low189.96
Current bid price-
Current offer price-
Current mid price191.05
Region
1Sweden86.75%
2Norway5.43%
3Finland4.15%
4Denmark3.28%
5Money Market0.38%
Industry sector
1BBB38.25%
2A30%
3Non-Rated24.7%
4AAA4.26%
5AA2.41%
6Money Market0.38%
Asset type
1Swedish Fixed Interest86.75%
2Norwegian Fixed Interest5.43%
3Finnish Fixed Interest4.15%
4Danish Fixed Interest3.28%
5Money Market0.38%
Individual holdings
1HOLMEN AB 0% MTN 20/09/17 SEK10000005.11%
2Kraftringen Energi AB FRN 05-02-20184%
3SVENSKA CELLULOSA AB-SCA 1.596% MTN 02/04/19 SEK10003.72%
4Fortum Varme Holding samagt FRN 17-09-20183.65%
5Sparbanken Skane AB FRN 09-04-20183.65%
6VOLVO TREASURY AB FRN 11/09/17 SEK10000003.65%
7LANSFORSAKRINGAR BANK FRN 28/03/23 SEK10000003.33%
8TELE2 AB FRN 15/05/17 SEK10000003.17%
9OP CORPORATE BANK PLC CALL FR DATED 2 INST 26/08/25 SEK10000003.04%
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 denominated in SEK. The strategy is to invest mainly in SEK denominated short-term bonds and other short-term transferable debt securities listed on the Stockholm Stock Exchange or traded in another regulated market within the OECD.
Benchmark
  • Sweden Interbank 3 month
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Annette Eineljung01/01/2004Annette Eineljung began her career in 1985 with the Foreign Exchange department of Götabanken. She moved to the Treasury department in 1986, and was subsequently promoted in 1990 to Money Market Portfolio Manager. She joined in 1994, first responsible for Fixed Income Sales to Institutional Clients, and then promoted to Portfolio Manager. Annette has an MSc. in Economics from the University of Stockholm.
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, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Swedish Kroner Reserve BC EUR
Initial charge1%
Annual charge0.13%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.38%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price19.5
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWPU
Nordea 1 Swedish Kroner Reserve BC SEK
Initial charge1%
Annual charge0.13%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.38%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price191.02
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWPV
Nordea 1 Swedish Kroner Reserve BI SEK
Initial charge1%
Annual charge0.13%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.28%
Total expense ratio (TER)0.27%
Bid price-
Offer price-
Mid price192.66
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3RK
Nordea 1 Swedish Kroner Reserve BP EUR
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price19.5
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY45
Nordea 1 Swedish Kroner Reserve BP NOK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price174.81
CurrencyNOK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY47
Nordea 1 Swedish Kroner Reserve BP SEK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price191.05
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ66
Nordea 1 Swedish Kroner Reserve E EUR
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price17.72
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY46
Nordea 1 Swedish Kroner Reserve E SEK
Initial charge1%
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price173.65
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNY44
Data provided by

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