Fact sheet: Nordea 1 European Fin Debt

Fund information

Fund name
Nordea 1 European Financial Debt BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager
Jacob Topp
since 28/09/2012
Fund objective
This Sub-fund aims to provide an adequate rate of return on the investment. The Sub-fund invests primarily in financial sector corporate, covered as well as Contingent Convertible bonds directly or indirectly through the use of derivatives. This Sub-fund shall invest a minimum of two-thirds of its Total Assets in bonds and credit default swaps issued by European financial institutions. This geographic requirement applies to the issuing entity itself or to the ultimate parent company of the issuing entity.
Benchmark
No Specified Index
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

14.9 %

1 Year rank in sector

1/27

Sector

FO Fixed Int - Europe

Yield
-
Fund size

£ 318.5 m

FE Risk score

78

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Switzerland
    16.93%
  • Netherlands
    12.68%
  • Italy
    10.59%
  • UK
    10.54%
  • Ireland
    9.08%
  • BBB
    36.6%
  • BB
    31.41%
  • A
    14.28%
  • Money Market
    8.93%
  • B
    6.41%
  • Swiss Fixed Interest
    16.93%
  • Dutch Fixed Interest
    12.68%
  • Italian Fixed Interest
    10.59%
  • UK Fixed Interest
    10.54%
  • Irish Fixed Interest
    9.08%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.55 %7.54 %14.22 %17.31 %0 %
Sector0.08 %2.35 %4.42 %9.83 %25.98 %
Rank within sector1 / 271 / 271 / 273 / 21 /
Quartile th1 st1 st1 st1 st th

Calendar performance

YTD-20172016201520142013
Fund9.28 %3.95 %3.69 %5.55 %19.47 %
Sector2.6 %5.13 %1.14 %5.17 %4.22 %
Rank within sector1 / 2717 / 265 / 235 / 191 / 18
Quartile th1 st3 rd1 st2 nd1 st

Risk statistics

Alpha-0.12
Beta1.71
Sharpe0.26
Volatility6.17
Tracking error4.47
Information ratio0.43
R-Squared0.57

Price movement

52 week high164.09
52 week low142.89
Current bid price0
Current offer price0
Current mid price162.97

Holdings by region

  • 16.93% Switzerland
  • 12.68% Netherlands
  • 10.59% Italy
  • 10.54% UK
  • 9.08% Ireland
  • 8.99% Germany
  • 8.93% Money Market
  • 6.42% Spain
  • 5.99% France
  • 4.31% Austria

Holdings by sector

  • 36.6% BBB
  • 31.41% BB
  • 14.28% A
  • 8.93% Money Market
  • 6.41% B
  • 2.38% Non-Rated

Holdings by asset type

  • 16.93% Swiss Fixed Interest
  • 12.68% Dutch Fixed Interest
  • 10.59% Italian Fixed Interest
  • 10.54% UK Fixed Interest
  • 9.08% Irish Fixed Interest
  • 8.99% German Fixed Interest
  • 8.93% Money Market
  • 6.42% Spanish Fixed Interest
  • 5.99% French Fixed Interest
  • 4.31% Austrian Fixed Interest

Individual holdings

  • 5.72% UBS GROUP AG MULTI PERPETUAL
  • 5.37% LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP100000
  • 4.94% BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR1000
  • 4.31% BAWAG PSK INVEST GMBH 8.125% MTN 30/10/23 EUR100000
  • 3.88% ASSICURAZIONI GENERALI SPA 1% NTS 12/12/42 EUR100000
  • 3.76% CREDIT AGRICOLE ASSURANCES SA 4.25% UNDATED BDS EUR100000
  • 3.69% DEMETER INVESTMENTS B V FRN 01/10/46 EUR1000
  • 3.54% SNS BANK NV FRN 05/11/25 EUR100000
  • 3.25% TALANX FINANZ LUXEMBOURG AG 8.3673% BDS 15/06/42 EUR100000
  • 3.11% NN GROUP NV 4.625% BDS 13/01/48 EUR100000