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

11.99 %

1 Year rank in sector

1/28

Sector

FO Fixed Int - Europe

Yield
-
Fund size

£ 515.7 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Ireland
    13.43%
  • Switzerland
    13.24%
  • Italy
    10.87%
  • Spain
    9.64%
  • Germany
    8.32%
  • BBB
    34.68%
  • BB
    32.83%
  • A
    9.22%
  • Non-Rated
    9.08%
  • Money Market
    8.12%
  • Irish Fixed Interest
    13.43%
  • Swiss Fixed Interest
    13.24%
  • Italian Fixed Interest
    10.87%
  • Spanish Fixed Interest
    9.64%
  • German Fixed Interest
    8.32%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.27 %3.98 %11.99 %20.95 %46.15 %
Sector0.61 %2.06 %4.39 %9.99 %21.43 %
Rank within sector2 / 322 / 291 / 284 / 231 / 17
Quartile th1 st1 st1 st1 st1 st

Calendar performance

YTD-20182017201620152014
Fund1.26 %11.86 %3.95 %3.69 %5.55 %
Sector0.52 %4.04 %5.13 %1.14 %5.17 %
Rank within sector2 / 312 / 2819 / 265 / 236 / 19
Quartile th1 st1 st3 rd1 st2 nd

Risk statistics

Alpha0.64
Beta1.7
Sharpe0.48
Volatility6.09
Tracking error4.42
Information ratio0.66
R-Squared0.57

Price movement

52 week high168.92
52 week low150.74
Current bid price0
Current offer price0
Current mid price168.92

Holdings by region

  • 13.43% Ireland
  • 13.24% Switzerland
  • 10.87% Italy
  • 9.64% Spain
  • 8.32% Germany
  • 8.12% Money Market
  • 7.58% UK
  • 5.74% France
  • 5.66% Netherlands
  • 5.03% Denmark

Holdings by sector

  • 34.68% BBB
  • 32.83% BB
  • 9.22% A
  • 9.08% Non-Rated
  • 8.12% Money Market
  • 4.23% B
  • 1.83% CCC

Holdings by asset type

  • 13.43% Irish Fixed Interest
  • 13.24% Swiss Fixed Interest
  • 10.87% Italian Fixed Interest
  • 9.64% Spanish Fixed Interest
  • 8.32% German Fixed Interest
  • 8.12% Money Market
  • 7.58% UK Fixed Interest
  • 5.74% French Fixed Interest
  • 5.66% Dutch Fixed Interest
  • 5.03% Danish Fixed Interest

Individual holdings

  • 4.18% UBS GROUP AG 5.750% MULTI PERP FC2022
  • 3.98% BALLSBRIDGE REPACKAGING DAC MULTI PERPETUAL
  • 3.81% BAWAG PSK INVEST GMBH 8.125% MTN 30/10/23 EUR100000
  • 3.68% BANK OF IRELAND(GOVERNOR & CO OF) 10% BDS 19/12/22 EUR1000
  • 3.66% ETHIAS SA 5% 14-01-2026
  • 3.51% AXA SA 5.453% PERP (
  • 3.35% UNICREDIT SPA 4.625% NTS 12/04/27 USD200000REG S
  • 3.31% DEMETER INVESTMENTS B V 0% BDS 02/06/53 USD1000
  • 3.29% DEUTSCHE BANK AG 4.5% BDS 19/05/26 EUR100000
  • 3.01% BANKIA SA RegS