Fact sheet: Nordea 1 Europ HgYdBd II

Fund information

Fund name
Nordea 1 European High Yield Bond II BI EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Torben Frederiksen
since 11/03/2011
Fund objective
The fund invests in High Yield bonds denominated in Euro or issued by/on companies which are domiciled or exercise the predominant part of their economic activity in Europe. To fund uses a bottom-up investment process to identify attractive opportunities and deliver an adequate return compared to the Merrill Lynch European Currency High Yield Constrained index - Total Return 100% Hedged to EUR. The fund can have exposure to multiple currencies, however, it is fully hedged to Euro. As part of its investment strategy, the fund may also use derivatives. This fund is suitable for the investors that seek a well-diversified bond allocation and that have a minimum investment horizon of 5 years.
Benchmark
ML European Ccy HY Constrained - Total Return Index (EUR Hedged)
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

12.25 %

1 Year rank in sector

2/28

Sector

FO Fixed Int - EUR High Yield

Yield
-
Fund size

£ 554.4 m

FE Risk score

86

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    17.12%
  • USA
    13.28%
  • Luxembourg
    11.26%
  • France
    7.78%
  • Spain
    7.35%
  • BB
    47.3%
  • B
    30.19%
  • BBB
    8.59%
  • CCC
    5.46%
  • Money Market
    3.75%
  • UK Fixed Interest
    17.12%
  • US Fixed Interest
    13.28%
  • Luxembourg Fixed Interest
    11.26%
  • French Fixed Interest
    7.78%
  • Spanish Fixed Interest
    7.35%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.06 %3.65 %12.25 %23.3 %39.78 %
Sector-0.27 %2.18 %7.26 %14.3 %31.81 %
Rank within sector5 / 294 / 282 / 283 / 277 / 23
Quartile th1 st1 st1 st1 st2 nd

Calendar performance

YTD-20172016201520142013
Fund8.29 %12.11 %1.3 %4.67 %7.4 %
Sector5.1 %7.95 %0.85 %3.16 %8.32 %
Rank within sector4 / 283 / 2810 / 277 / 2716 / 23
Quartile th1 st1 st2 nd2 nd3 rd

Risk statistics

Alpha1.25
Beta1.35
Sharpe0.72
Volatility5.9
Tracking error2.42
Information ratio1.17
R-Squared0.89

Price movement

52 week high85.21
52 week low75.15
Current bid price0
Current offer price0
Current mid price84.4

Holdings by region

  • 17.12% UK
  • 13.28% USA
  • 11.26% Luxembourg
  • 7.78% France
  • 7.35% Spain
  • 6.12% Germany
  • 5.91% Italy
  • 4.65% Netherlands
  • 4.14% Switzerland
  • 3.75% Money Market

Holdings by sector

  • 47.3% BB
  • 30.19% B
  • 8.59% BBB
  • 5.46% CCC
  • 3.75% Money Market
  • 3.14% Non-Rated
  • 1.57% A

Holdings by asset type

  • 17.12% UK Fixed Interest
  • 13.28% US Fixed Interest
  • 11.26% Luxembourg Fixed Interest
  • 7.78% French Fixed Interest
  • 7.35% Spanish Fixed Interest
  • 6.12% German Fixed Interest
  • 5.91% Italian Fixed Interest
  • 4.65% Dutch Fixed Interest
  • 4.14% Swiss Fixed Interest
  • 3.75% Money Market

Individual holdings

  • 2.45% TESCO PROPERTY FINANCE 4 PLC 5.8006% BDS 13/10/40 GBP100000
  • 1.86% CREDIT AGRICOLE ASSURANCES SA 4.25% UNDATED BDS EUR100000
  • 1.77% SAPPI PAPIER HOLDING GMBH 3.375% 01-04-2022
  • 1.68% DEUTSCHE BANK AG 4.5% BDS 19/05/26 EUR100000
  • 1.63% SOFTBANK GROUP CORP 4.75% 30-07-2025
  • 1.62% INTERNATIONAL GAME TECHNOLOG 4.75% 15-02-2023
  • 1.48% Ineos Finance PLC 4% 01/05/2023
  • 1.44% BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR1000
  • 1.41% UBS GROUP AG 5.750% MULTI PERP FC2022
  • 1.4% ARD FINANCE SA FRN 15/09/23 EUR100000