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(s)
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

13.65 %

1 Year rank in sector

2/27

Sector

FO Fixed Int - Europe

Yield
-
Fund size

£ 416.7 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Switzerland
    16.44%
  • Italy
    12.73%
  • Ireland
    12.07%
  • Spain
    10.67%
  • UK
    8.38%
  • BBB
    34.5%
  • BB
    33.79%
  • A
    10.06%
  • Money Market
    8.17%
  • Non-Rated
    8.07%
  • Swiss Fixed Interest
    16.44%
  • Italian Fixed Interest
    12.73%
  • Irish Fixed Interest
    12.07%
  • Spanish Fixed Interest
    10.67%
  • UK Fixed Interest
    8.38%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.73 %4.89 %13.65 %19.46 %59.37 %
Sector0.05 %1.88 %5.24 %10.65 %23 %
Rank within sector4 / 281 / 272 / 275 / 221 / 16
Quartile th1 st1 st1 st1 st1 st

Calendar performance

YTD-20172016201520142013
Fund11.53 %3.95 %3.69 %5.55 %19.47 %
Sector3.94 %5.13 %1.14 %5.17 %4.22 %
Rank within sector2 / 2718 / 255 / 236 / 191 / 17
Quartile th1 st3 rd1 st2 nd1 st

Risk statistics

Alpha0.06
Beta1.74
Sharpe0.44
Volatility6.19
Tracking error4.49
Information ratio0.57
R-Squared0.57

Price movement

52 week high166.91
52 week low145.86
Current bid price0
Current offer price0
Current mid price166.32

Holdings by region

  • 16.44% Switzerland
  • 12.73% Italy
  • 12.07% Ireland
  • 10.67% Spain
  • 8.38% UK
  • 8.17% Money Market
  • 7.93% Germany
  • 6.48% Netherlands
  • 5.81% France
  • 4.25% Austria

Holdings by sector

  • 34.5% BBB
  • 33.79% BB
  • 10.06% A
  • 8.17% Money Market
  • 8.07% Non-Rated
  • 5.4% B

Holdings by asset type

  • 16.44% Swiss Fixed Interest
  • 12.73% Italian Fixed Interest
  • 12.07% Irish Fixed Interest
  • 10.67% Spanish Fixed Interest
  • 8.38% UK Fixed Interest
  • 8.17% Money Market
  • 7.93% German Fixed Interest
  • 6.48% Dutch Fixed Interest
  • 5.81% French Fixed Interest
  • 4.25% Austrian Fixed Interest

Individual holdings

  • 4.79% UBS GROUP AG 5.750% MULTI PERP FC2022
  • 4.25% BAWAG PSK INVEST GMBH 8.125% MTN 30/10/23 EUR100000
  • 4.08% BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR1000
  • 3.85% UNICREDIT SPA 4.625% NTS 12/04/27 USD200000REG S
  • 3.75% DEMETER INVESTMENTS B V 0% BDS 02/06/53 USD1000
  • 3.46% BANKIA SA RegS
  • 3.24% DEUTSCHE BANK AG 4.5% BDS 19/05/26 EUR100000
  • 3.22% CREDIT AGRICOLE ASSURANCES SA 4.25% UNDATED BDS EUR100000
  • 3.2% BANKIA SA 6% UNDATED NTS EUR200000
  • 3.12% DEMETER INVESTMENTS B V FRN 01/10/46 EUR1000