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

12.78 %

1 Year rank in sector

1/27

Sector

FO Fixed Int - Europe

Yield
-
Fund size

£ 358.4 m

FE Risk score

81

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Switzerland
    17.83%
  • Italy
    14.76%
  • Spain
    11.47%
  • Ireland
    10.49%
  • Germany
    10.04%
  • BB
    35.95%
  • BBB
    35.7%
  • A
    12.29%
  • B
    6.48%
  • Non-Rated
    5.16%
  • Swiss Fixed Interest
    17.83%
  • Italian Fixed Interest
    14.76%
  • Spanish Fixed Interest
    11.47%
  • Irish Fixed Interest
    10.49%
  • German Fixed Interest
    10.04%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.78 %6.74 %12.73 %20.22 %62.06 %
Sector0.65 %2.73 %4.48 %11.47 %24.18 %
Rank within sector12 / 281 / 271 / 275 / 221 / 16
Quartile th2 nd1 st1 st1 st1 st

Calendar performance

YTD-20172016201520142013
Fund10.54 %3.95 %3.69 %5.55 %19.47 %
Sector3.82 %5.13 %1.14 %5.17 %4.22 %
Rank within sector1 / 2717 / 255 / 236 / 191 / 18
Quartile th1 st3 rd1 st2 nd1 st

Risk statistics

Alpha0.11
Beta1.73
Sharpe0.39
Volatility6.16
Tracking error4.49
Information ratio0.54
R-Squared0.57

Price movement

52 week high165.62
52 week low145.8
Current bid price0
Current offer price0
Current mid price164.85

Holdings by region

  • 17.83% Switzerland
  • 14.76% Italy
  • 11.47% Spain
  • 10.49% Ireland
  • 10.04% Germany
  • 8.84% UK
  • 6.35% Netherlands
  • 5.43% France
  • 4.51% Austria
  • 4.42% Money Market

Holdings by sector

  • 35.95% BB
  • 35.7% BBB
  • 12.29% A
  • 6.48% B
  • 5.16% Non-Rated
  • 4.42% Money Market

Holdings by asset type

  • 17.83% Swiss Fixed Interest
  • 14.76% Italian Fixed Interest
  • 11.47% Spanish Fixed Interest
  • 10.49% Irish Fixed Interest
  • 10.04% German Fixed Interest
  • 8.84% UK Fixed Interest
  • 6.35% Dutch Fixed Interest
  • 5.43% French Fixed Interest
  • 4.51% Austrian Fixed Interest
  • 4.42% Money Market

Individual holdings

  • 5.17% UBS GROUP AG 5.750% MULTI PERP FC2022
  • 4.51% BAWAG PSK INVEST GMBH 8.125% MTN 30/10/23 EUR100000
  • 4.39% BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR1000
  • 4.13% BANCA POPOLARE DI VICENZA 2.75% 20-03-2020
  • 4.11% UNICREDIT SPA 4.625% NTS 12/04/27 USD200000REG S
  • 4.1% DEMETER INVESTMENTS B V 0% BDS 02/06/53 USD1000
  • 3.76% BANKIA SA RegS
  • 3.51% DEUTSCHE BANK AG 4.5% BDS 19/05/26 EUR100000
  • 3.44% CREDIT AGRICOLE ASSURANCES SA 4.25% UNDATED BDS EUR100000
  • 3.39% BANKIA SA 6% UNDATED NTS EUR200000