Fact sheet: Nordea 1 US Core Plus Bond

Fund information
Fund name
Nordea 1 US Core Plus Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jeffrey Gundlachsince 02/09/2016
Fund objective
The fund´s objective is to maximise current income and total return over a full market cycle through both income and price appreciation. It generally seeks to identify investment opportunities within and across all subsectors of the fixed income market and to exploit inefficiencies while maintaining active risk management constraints. The fund is benchmarked against the Barclays Capital US Aggregate Bond Index. While the major part of bonds and debt instruments the fund invests in consists of U.S.-dollar denominated corporate bonds rated Baa3/BBB- or higher, U.S. Treasuries and Agency mortgage-backed securities (MBS), the fund can also invest in non-benchmark sectors such as High Yield corporate bonds, U.S. dollar-denominated Emerging Market Debt and non-Agency MBS. Top-down active management of exposure to specific market segments combined with bottom-up security selection forms the cornerstone of the expected excess return of the strategy.
Benchmark
  • Barclays Capital U.S. Aggregate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - USD
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.
1.23%
Fund size
£21m (£6m last year)
Top in this sector
Fund name1 Year
CG Dollar23.1%
Nordea 1 US Tot Ret Bd20.3%
Ashmore Emg Mkt Sovrn Dbt19.4%
Nordea 1 Emrg Mkt Bd16.1%
First State Emg Mkts Bd13.7%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • USA88.9%
    UK3%
    Canada1.7%
    Mexico1.7%
    Belgium0.9%
  • AA59.6%
    A21.1%
    BBB17.7%
    Money Market0.9%
    AAA0.7%
  • US Fixed Interest88.9%
    UK Fixed Interest3%
    Canadian Fixed Interest1.7%
    Mexican Fixed Interest1.7%
    Belgian Fixed Interest0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%0.3%----
Sector0.5%2.7%4.8%6.3%10.5%19%
Rank within sector40 / 4238 / 42----
Quartile4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector6.5%-0.5%3.4%0%6.8%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high102.02
52 week low99.3
Current bid price-
Current offer price-
Current mid price101.18
Region
1USA88.9%
2UK3.02%
3Canada1.69%
4Mexico1.65%
5Belgium0.92%
6Money Market0.88%
7Israel0.71%
8Netherlands0.7%
9France0.63%
Industry sector
1AA59.61%
2A21.08%
3BBB17.74%
4Money Market0.88%
5AAA0.69%
Asset type
1US Fixed Interest88.9%
2UK Fixed Interest3.02%
3Canadian Fixed Interest1.69%
4Mexican Fixed Interest1.65%
5Belgian Fixed Interest0.92%
6Money Market0.88%
7Middle East & African Fixed Interest0.71%
8Dutch Fixed Interest0.7%
9French Fixed Interest0.63%
Individual holdings
1Freddie Mac Gold Pool 3% 01-03-204620.06%
2UNITED STATES OF AMER TREAS NOTES 0.750% TB 31/10/17 USD10010.83%
3UNITED STATES OF AMER TREAS NOTES 1.625% TB 31/07/19 USD10008.94%
4UNITED STATES OF AMER TREAS NOTES 2.25% NTS 15/11/24 USD1003.53%
5UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/42 USD1001.92%
6BRITISH TELECOMMUNICATIONS 5.95% SNR NTS 15/01/18 USD1000001.86%
7UNITED STATES OF AMER TREAS NOTES 2% NTS 30/11/20 USD1001.82%
8UNITED STATES OF AMER TREAS NOTES 1.25% NTS 31/01/20 USD1001.77%
9ORACLE CORP 2.25% BDS 08/10/19 USD10001.25%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund´s objective is to maximise current income and total return over a full market cycle through both income and price appreciation. It generally seeks to identify investment opportunities within and across all subsectors of the fixed income market and to exploit inefficiencies while maintaining active risk management constraints. The fund is benchmarked against the Barclays Capital US Aggregate Bond Index. While the major part of bonds and debt instruments the fund invests in consists of U.S.-dollar denominated corporate bonds rated Baa3/BBB- or higher, U.S. Treasuries and Agency mortgage-backed securities (MBS), the fund can also invest in non-benchmark sectors such as High Yield corporate bonds, U.S. dollar-denominated Emerging Market Debt and non-Agency MBS. Top-down active management of exposure to specific market segments combined with bottom-up security selection forms the cornerstone of the expected excess return of the strategy.
Benchmark
  • Barclays Capital U.S. Aggregate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jeffrey Gundlach02/09/2016Mr. Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine. He was formerly associated with TCW where he was Chief Investment Officer and head of fixed income activities. He is recognized as a leading expert1 in bond and fixed income investments. His investment strategies have been featured in leading publications including The New York Times, The Financial Times, The Wall Street Journal, USA Today, Barron’s, Forbes, and Fortune. In 2010, Mr. Gundlach was named to the SmartMoney Power 30. In 2011, he was featured as “The King of Bonds” in Barron’s, and named one of “5 Mutual Fund All-Stars” by Fortune Magazine. In 2012, he was named one of the “50 Most Influential” by Bloomberg Markets magazine. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, UCITS IV Compliant, UCITS V 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 US Core Plus Bond AP USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.15
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9OX
Nordea 1 US Core Plus Bond BI EUR
Initial charge3%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.13
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE85K
Nordea 1 US Core Plus Bond BI USD
Initial charge3%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.48
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE85J
Nordea 1 US Core Plus Bond BP EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.87
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE85M
Nordea 1 US Core Plus Bond BP USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.18
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE85L
Nordea 1 US Core Plus Bond E EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.55
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE85H
Nordea 1 US Core Plus Bond E USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.82
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE85G
Nordea 1 US Core Plus Bond HA EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.68
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9OW
Nordea 1 US Core Plus Bond HB EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.43
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDAL
Nordea 1 US Core Plus Bond HBI EUR
Initial charge3%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.4
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE85I
Nordea 1 US Core Plus Bond HBI NOK
Initial charge5%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price836.24
CurrencyNOK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0NB
Data provided by

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