Fact sheet: Nordea 1 US Corporate Bond

Fund information
Fund name
Nordea 1 US Corporate Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Louis N. Cohensince 11/02/2011
Fund objective
The fund seeks to achieve consistent, superior rates of return with low volatility by investing primarily in debt securities rated BBB- or better by S&P or Baa3 or better by Moody's at purchase. The fund manager uses a top-down analysis to exploit opportunities and neutralize unwanted risks, and a bottom-up analysis to maximize total return. The fund manager protects the downside by understanding the risk exposures within the portfolio and the correlation among assets, by diversifying risk factors, by defining/articulating an exit strategy for each position, and by carefully monitoring expected tracking error.
Benchmark
  • Bloomberg Barclays Capital US Credit Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Quick stats
1 Year return
2.9%
1 Year rank in sector
15/48
Sector
FO Fixed Int - USD Investment Grade
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.
1.06%
Fund size
£3,378m (£3,773m 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.
29
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $6.2%
Nikko AM Asia Credit5.3%
Principal GIF PrefSec4.5%
Pimco GIS GblInvGrCr4.5%
Invesco GblInvGrCorpBd4.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA98.3%
    Belgium1.4%
    Money Market0.4%
    UK0%
  • Banks18.1%
    Non-Cyclical Consumer Goods15.3%
    Cyclical Consumer Goods12.6%
    Communications8.7%
    Electricity Supply8.1%
  • US Fixed Interest95.7%
    Property3.9%
    Money Market0.4%
    US Government Fixed Interest0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-4.2%-0.6%2.9%7.6%19.3%
Sector-2.2%-2.8%-0.2%2.7%8.8%20.5%
Rank within sector50 / 5440 / 5224 / 5215 / 4820 / 4514 / 40
Quartile4th4th2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4%-2.5%5.3%-0.6%10.4%
Sector3.5%-0.7%6%-1.1%10.1%
Rank within sector15 / 4844 / 4728 / 4510 / 447 / 40
Quartile2nd4th3rd1st1st
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.
-0.83
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.
1.23
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.
-
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%.
3.65
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.
1.65
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.
-0.03
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.
0.82
Price movement
52 week high14.18
52 week low12.85
Current bid price-
Current offer price-
Current mid price13.52
Region
1USA98.26%
2Belgium1.35%
3Money Market0.35%
4UK0.04%
Industry sector
1Banks18.14%
2Non-Cyclical Consumer Goods15.27%
3Cyclical Consumer Goods12.55%
4Communications8.74%
5Electricity Supply8.11%
6Energy7.06%
7Technology6.02%
8Insurance4.59%
9Capital Goods3.94%
Asset type
1US Fixed Interest95.7%
2Property3.94%
3Money Market0.35%
4US Government Fixed Interest0.01%
Individual holdings
1BANK OF AMERICA CORP 5.7% BDS 24/01/22 USD10001.06%
2CITIGROUP INC 4.05% BDS 30/07/22 USD10001.02%
3BANK OF AMERICA CORP 5.625% BDS 01/07/20 USD10000.88%
4GREAT PLAINS ENERGY INC 4.85% BDS 01/06/21 USD10000.87%
5MORGAN STANLEY (subord) S. -F- 4.875%/12-01.11.20220.86%
6DOLLAR GENERAL CORP 4.15% BDS 01/11/25 USD20000.82%
7UNITED AIRLINES INC 4% BDS 11/04/26 USD10000.81%
8EXELON CORP 3.95% BDS 15/06/25 USD 20000.8%
9PPL CAPITAL FUNDING TST 4.2% BDS 15/06/22 USD1000.74%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund seeks to achieve consistent, superior rates of return with low volatility by investing primarily in debt securities rated BBB- or better by S&P or Baa3 or better by Moody's at purchase. The fund manager uses a top-down analysis to exploit opportunities and neutralize unwanted risks, and a bottom-up analysis to maximize total return. The fund manager protects the downside by understanding the risk exposures within the portfolio and the correlation among assets, by diversifying risk factors, by defining/articulating an exit strategy for each position, and by carefully monitoring expected tracking error.
Benchmark
  • Bloomberg Barclays Capital US Credit Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Louis N. Cohen11/02/2011
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 US Corporate Bond AI USD
Initial charge3%
Annual charge0.35%
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 price12.96
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFGHC
Nordea 1 US Corporate Bond AP USD
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price12.73
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJNF
Nordea 1 US Corporate Bond BC EUR
Initial charge3%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.26
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5EG
Nordea 1 US Corporate Bond BC USD
Initial charge3%
Annual charge0.45%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.9
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2UU
Nordea 1 US Corporate Bond BI EUR
Initial charge3%
Annual charge0.35%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.22
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0WQ
Nordea 1 US Corporate Bond BI GBP
Initial charge3%
Annual charge0.35%
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 price11.12
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEKK
Nordea 1 US Corporate Bond BI USD
Initial charge3%
Annual charge0.35%
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 price14.04
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8U3
Nordea 1 US Corporate Bond BIE USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.48
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIF3
Nordea 1 US Corporate Bond BIN USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.79
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIHO4
Nordea 1 US Corporate Bond BP EUR
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price12.73
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDS4
Nordea 1 US Corporate Bond BP USD
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price13.52
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5K6
Nordea 1 US Corporate Bond E EUR
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price10.4
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1SM
Nordea 1 US Corporate Bond E USD
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price11.05
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5K7
Nordea 1 US Corporate Bond HA EUR
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price11.89
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTHE
Nordea 1 US Corporate Bond HAI EUR
Initial charge3%
Annual charge0.35%
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 price8.2
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNFK3
Nordea 1 US Corporate Bond HAI GBP
Initial charge3%
Annual charge0.35%
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 price7.23
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFGHE
Nordea 1 US Corporate Bond HB CHF
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price10.29
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0MCX
Nordea 1 US Corporate Bond HB DKK
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price87.11
CurrencyDKK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN1Q
Nordea 1 US Corporate Bond HB EUR
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price9.9
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDS5
Nordea 1 US Corporate Bond HB SEK
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price99.18
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIHP1
Nordea 1 US Corporate Bond HBE USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.56
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINJ0
Nordea 1 US Corporate Bond HBI CHF
Initial charge3%
Annual charge0.35%
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 price10.52
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0MCW
Nordea 1 US Corporate Bond HBI DKK
Initial charge3%
Annual charge0.35%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price75.19
CurrencyDKK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFH5Y
Nordea 1 US Corporate Bond HBI EUR
Initial charge3%
Annual charge0.35%
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 price10.1
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIDS6
Nordea 1 US Corporate Bond HBI GBP
Initial charge3%
Annual charge0.35%
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 price7.9
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJNE
Nordea 1 US Corporate Bond HBI NOK
Initial charge3%
Annual charge0.35%
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 price89.99
CurrencyNOK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIHO2
Nordea 1 US Corporate Bond HBI SEK
Initial charge3%
Annual charge0.35%
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 price78.79
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10VN
Nordea 1 US Corporate Bond HBS USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.13
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIKD2
Nordea 1 US Corporate Bond HE PLN
Initial charge3%
Annual charge0.7%
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 price41.03
CurrencyPLN
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code06O8
Nordea 1 US Corporate Bond HX EUR
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price10.2
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDLF
Nordea 1 US Corporate Bond HX SEK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price103.79
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI5K5
Nordea 1 US Corporate Bond HXD USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.87
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIND7
Nordea 1 US Corporate Bond HXE USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.89
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIXM7
Nordea 1 US Corporate Bond HXS USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.96
CurrencyUSD
Price updated13/12/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINC7
Nordea 1 US Corporate Bond HY EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price10.22
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4K
Data provided by

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