Fact sheet: NN (L) US Credit

Fund information

Fund name
NN (L) US Credit I Cap USD
Fund company manager
NN Investment Partners (LUX)
Fund type
SIB
Fund manager(s)
Anil Katarya
since 29/04/2011
Michael Hyman
since 29/04/2011
Travis King
since 29/04/2011
Fund objective
The fund primarily invests in a diversified portfolio of corporate bonds of high quality denominated in US dollars (with a rating of AAA to BBB-). The fund may invest a limited percentage in corporate bonds with a lower credit quality (with a quality rating lower than BBB) and therefore with greater credit risk. Measured over a period of several years, we aim to beat the performance of the benchmark Bloomberg Barclays US Aggregate Credit - Corporate - Investment Grade. We actively manage the fund with a focus on bond selection. We combine our analysis on specific issuers of corporate bonds with a broader market analysis to construct the optimal portfolio. We aim to exploit differences in valuations of the companies issuing the bonds within sectors as well as differences in valuations between sectors and different quality segments (ratings). We subject all issuers to an in-depth analysis of business and financial risk before investing, as the issuer specific risk can have an important effect on performance. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
Bloomberg Barclays US Aggregate Credit - Corporate - Investment Grade
Investment style
Active
Investment method
Fixed Interest

Quick stats

1 Year return

3.2 %

1 Year rank in sector

9/26

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 1.7 b

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    78.92%
  • UK
    6.31%
  • Italy
    2.48%
  • Netherlands
    2.15%
  • Belgium
    1.53%
  • Financials
    34.69%
  • Utilities
    11.32%
  • Communications
    11.26%
  • Non-Cyclical Consumer Goods
    9.22%
  • Technology
    8.58%
  • US Fixed Interest
    96.05%
  • US Government Fixed Interest
    4.49%
  • Money Market
    -0.54%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.49 %3.24 %3.2 %13.21 %23.32 %
Sector0.47 %2.42 %3.23 %10.55 %15.72 %
Rank within sector13 / 337 / 329 / 265 / 194 / 15
Quartile th2 nd1 st2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund6.05 %6.85 %-0.25 %8.15 %0.84 %
Sector4.71 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector7 / 316 / 208 / 194 / 185 / 16
Quartile th1 st2 nd2 nd1 st2 nd

Risk statistics

Alpha0.7
Beta1.1
Sharpe0.28
Volatility3.97
Tracking error1.71
Information ratio0.6
R-Squared0.82

Price movement

52 week high8964.92
52 week low8330.71
Current bid price0
Current offer price0
Current mid price8955.14

Holdings by region

  • 78.92% USA
  • 6.31% UK
  • 2.48% Italy
  • 2.15% Netherlands
  • 1.53% Belgium
  • 1.34% Japan
  • 0.94% China
  • 0.9% Switzerland
  • 0.84% Canada
  • 0.76% Australia

Holdings by sector

  • 34.69% Financials
  • 11.32% Utilities
  • 11.26% Communications
  • 9.22% Non-Cyclical Consumer Goods
  • 8.58% Technology
  • 8.32% Energy
  • 5.15% Cyclical Consumer Goods
  • 4.49% Government Bonds
  • 2.69% Transport
  • 2.49% Others

Holdings by asset type

  • 96.05% US Fixed Interest
  • 4.49% US Government Fixed Interest
  • -0.54% Money Market

Individual holdings

  • 2% UNITED STATES OF AMER TREAS BILLS 2.25% TB 15/08/27 USD100
  • 1.7% UNITED STATES OF AMER TREAS BONDS 3% BDS 15/05/47 USD100
  • 1.22% 4.183% BANK OF AMERICA CORP 11/25/2027
  • 1.08% DUKE ENERGY CORP 3.15% BDS 15/08/27 USD2000
  • 0.94% 2.875% BAIDU INC 07/06/2022
  • 0.93% ANHEUSER-BUSCH INBEV SA 4.9% BDS 01/02/46 USD1000
  • 0.83% ARES CAPITAL CORP 3.5% BDS 10/02/23 USD2000
  • 0.79% LOWES COMPANIES INC 3.1% BDS 03/05/17 USD1000
  • 0.75% CENTERPOINT ENERGY INC 2.5% BDS 01/09/22 USD1000
  • 0.74% JPMORGAN CHASE & CO 3.625% BDS 01/12/27 USD2000