Fact sheet: Nordea 1 Unconstrnd Bd

Fund information
Fund name
Nordea 1 Unconstrained Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Dan Robertssince 05/11/2013
Fund objective
The fund pursues a total return strategy that combines a proven top down analytical framework with a rigorous bottom-up process to eliminate uncompensated risk. The fund seeks to exploit opportunities in the global credit markets, unconstrained by a benchmark, through a process of multi-sector asset allocation strategies. Portfolio returns result from dynamic asset allocation among instruments. The team seeks to deliver positive returns over and throughout a full market cycle while closely monitoring the portfolio to mitigate downside risk. The fund has a duration bandwidth of 0 to 7.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
14/40
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.
1.45%
Fund size
£124m (£141m 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.
78
Top in this sector
Fund name1 Year
CG Dollar23.2%
Nordea 1 US Tot Ret Bd20.6%
CG Gearing Portfolio12%
Ashmore Emg Mkt Sovrn Dbt10.9%
NN (L) EM DebtHC9.9%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • USA82.4%
    Money Market7.4%
    UK1.7%
    Germany1.5%
    France1.3%
  • Banks14.6%
    Basic Industries9.5%
    Money Market7.4%
    Consumer Goods6.7%
    Insurance6.6%
  • US Fixed Interest90.7%
    Money Market7.4%
    Property1.3%
    US Government Fixed Interest0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%0.3%2.9%4.2%4.3%-
Sector-1.8%-1.7%1.2%3.9%7.8%15.4%
Rank within sector2 / 438 / 436 / 4314 / 4018 / 32-
Quartile1st1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.7%-3.7%1.4%--
Sector4.5%-0.5%3.4%0%6.8%
Rank within sector12 / 4034 / 3721 / 31--
Quartile2nd4th3rd
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.
-0.68
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.
0.88
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%.
4.35
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.
3.71
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.
-0.28
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.
0.27
Price movement
52 week high104.9
52 week low94.61
Current bid price-
Current offer price-
Current mid price104.4
Region
1USA82.36%
2Money Market7.44%
3UK1.74%
4Germany1.53%
5France1.32%
6Ireland1.2%
7Canada1.02%
8Netherlands0.89%
9Belgium0.51%
Industry sector
1Banks14.64%
2Basic Industries9.49%
3Money Market7.44%
4Consumer Goods6.67%
5Insurance6.6%
6Health Care6.2%
7Technology6.03%
8Capital Goods5.96%
9Energy5.6%
Asset type
1US Fixed Interest90.73%
2Money Market7.44%
3Property1.34%
4US Government Fixed Interest0.48%
Individual holdings
1CITIGROUP INC 4.05% BDS 30/07/22 USD10001.29%
2CVS HEALTH CORP 5.789% BDS 10/01/26 USD1000 `144A`1.15%
3FORD MOTOR CO 6.625% BDS 1/10/2028 USD10001.09%
4MORGAN STANLEY 5.5% BDS 26/01/20 USD10000.86%
5GOLDMAN SACHS GROUP INC 6,750% 01,10,20370.85%
6TWENTY-FIRST CENTURY FOX INC 8.25% BDS 10/08/18 USD10000.78%
7AT&T INC 5% MTN 01/03/21 USD10000.77%
8WHIRLPOOL CORP 2.4% NTS 01/03/19 USD10000.75%
9MORGAN STANLEY (subord) S. -F- 4.875%/12-01.11.20220.74%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund pursues a total return strategy that combines a proven top down analytical framework with a rigorous bottom-up process to eliminate uncompensated risk. The fund seeks to exploit opportunities in the global credit markets, unconstrained by a benchmark, through a process of multi-sector asset allocation strategies. Portfolio returns result from dynamic asset allocation among instruments. The team seeks to deliver positive returns over and throughout a full market cycle while closely monitoring the portfolio to mitigate downside risk. The fund has a duration bandwidth of 0 to 7.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Dan Roberts05/11/2013Dan C. Roberts, Ph.D. Senior Managing Director Chief Strategist High Yield Active Core Division. In October 2004 Dan Roberts came to MacKay when the firm acquired the fixed income division of Pareto Partners. Dan was Chief Investment Officer and an equity shareholder at Pareto. Dan assembled the US fixed income team while serving 10 years at UBS Asset Management, most recently as Managing Director and head of the fixed income group. Prior to its acquisition by UBS, he was a Financial Economist for Chase Manhattan Bank, NA and later was head of Global Interest Rate and Currency Swaps Trading. In 1997, Dans fixed income group was lifted out of UBS by Forstmann-Leff International and was subsequently purchased by Pareto Partners, effective February 2000. His regulatory and government experience included a two-year stint at the US Securities and Exchange Commission, serving at The White House with the Presidents Council of Economic Advisors and as Executive Director (Chief of Staff) of the US Congress Joint Economic Committee. Dan holds a BBA and a Ph.D. from University of Iowa.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, 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, Portugal, Singapore, Sweden
Nordea 1 Unconstrained Bond AP EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price94.18
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSID
Nordea 1 Unconstrained Bond BI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price98.89
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEKV
Nordea 1 Unconstrained Bond BI USD
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price106.07
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE3U
Nordea 1 Unconstrained Bond BP EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price97.33
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEKW
Nordea 1 Unconstrained Bond BP USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price104.4
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE3V
Nordea 1 Unconstrained Bond E EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price95.13
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEKU
Nordea 1 Unconstrained Bond E USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price102.04
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE3T
Nordea 1 Unconstrained Bond HB CHF
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price90.64
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKUG
Nordea 1 Unconstrained Bond HB EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price75.4
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL9P
Nordea 1 Unconstrained Bond HB SEK
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price671.87
CurrencySEK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFIYT
Nordea 1 Unconstrained Bond HBC CHF
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.87
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7ZT
Nordea 1 Unconstrained Bond HBI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price77.12
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE3X
Nordea 1 Unconstrained Bond HBI NOK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price647.16
CurrencyNOK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE3Y
Nordea 1 Unconstrained Bond HBI SEK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price875.49
CurrencySEK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBN1C
Nordea 1 Unconstrained Bond X USD
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 price108.95
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE3W
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