Fact sheet: Nordea 1 European Hi Yd Bd

Fund information

Fund name
Nordea 1 European High Yield Bond Fund BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Henrik Ostergaard Pedersen
since 18/01/2002
Torben Skodeberg
since 18/01/2002
Sandro Naef
since 18/01/2002
Fund objective
The fund seeks to preserve shareholder capital and to provide a return exceeding the average return of the European high-yield bond market. The fund uses its reference index as a benchmark for investment purposes. The fund invests a minimum two-thirds of its net assets in high-yield fixed-income and floating-rate debt securities that are issued by private borrowers and public authorities domiciled in Europe or predominantly active in Europe. The fund may invest up to one-third of its net assets in debt securities denominated in currencies other than the Funds base currency or which do not meet the above restrictions regarding country or geographical area, as well as in money market instruments. In addition, the fund may invest up to 10% of its net assets in equity securities. The investment manager aims to hedge non-Euro investments to Euro, this is achieved via derivatives.
Benchmark
ML European Ccy HY Constrained - Total Return Index (EUR Hedged)
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

7.68 %

1 Year rank in sector

5/28

Sector

FO Fixed Int - EUR High Yield

Yield
-
Fund size

£ 4.4 b

FE Risk score

28

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    27.52%
  • USA
    19.81%
  • Money Market
    8.58%
  • Luxembourg
    7.64%
  • Germany
    7.51%
  • Banks
    14.21%
  • Capital Goods
    10.2%
  • Basic Industries
    9.05%
  • Money Market
    8.58%
  • Health Care
    7.28%
  • UK Fixed Interest
    27.6%
  • US Fixed Interest
    19.81%
  • Money Market
    8.58%
  • Luxembourg Fixed Interest
    7.64%
  • German Fixed Interest
    7.51%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.7 %3.85 %7.68 %20.28 %42.21 %
Sector0.75 %3.76 %6.36 %16.01 %32.86 %
Rank within sector16 / 2912 / 285 / 286 / 274 / 23
Quartile th3 rd2 nd1 st1 st1 st

Calendar performance

YTD-20172016201520142013
Fund6.27 %7.42 %3.01 %5.21 %10.9 %
Sector5.38 %7.95 %0.85 %3.16 %8.32 %
Rank within sector8 / 2815 / 284 / 275 / 273 / 24
Quartile th2 nd3 rd1 st1 st1 st

Risk statistics

Alpha1.85
Beta0.88
Sharpe0.57
Volatility3.88
Tracking error1.46
Information ratio0.9
R-Squared0.88

Price movement

52 week high33.21
52 week low30.65
Current bid price0
Current offer price0
Current mid price33.22

Holdings by region

  • 27.52% UK
  • 19.81% USA
  • 8.58% Money Market
  • 7.64% Luxembourg
  • 7.51% Germany
  • 5.7% France
  • 3.68% Ireland
  • 3.65% Italy
  • 3.39% Netherlands
  • 2.81% Switzerland

Holdings by sector

  • 14.21% Banks
  • 10.2% Capital Goods
  • 9.05% Basic Industries
  • 8.58% Money Market
  • 7.28% Health Care
  • 7% Automotive
  • 5.78% Services
  • 5.32% Media
  • 4.98% Retail
  • 4.93% Insurance

Holdings by asset type

  • 27.6% UK Fixed Interest
  • 19.81% US Fixed Interest
  • 8.58% Money Market
  • 7.64% Luxembourg Fixed Interest
  • 7.51% German Fixed Interest
  • 5.7% French Fixed Interest
  • 3.68% Irish Fixed Interest
  • 3.65% Italian Fixed Interest
  • 3.39% Dutch Fixed Interest
  • 2.81% Swiss Fixed Interest

Individual holdings

  • 3% ROYAL BANK SCOTLAND GROUP 5.5% PERPETUAL
  • 1.82% MPT OPERATING PARTNERSHIP LP / MPT
  • 1.76% GRIFOLS SA 3.2% BDS 01/05/25 EUR100000
  • 1.68% NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S
  • 1.56% MATTERHORN TELECOM SA 3.625% 01-05-2022
  • 1.54% DUFRY FINANCE SCA 4.5% 01-08-2023
  • 1.49% SIG COMBIBLOC HOLDINGS SCA 7.75% 15-02-2023
  • 1.39% ALLIANCE AUTOMOTIVE FINANCE PLC 6.25% BDS 01/12/21 EUR 100000
  • 1.39% AMC ENTMT HLDGS INC 0% NTS 15/11/24 GBP100
  • 1.37% MERCURY BONDCO 8.25% BDS 30/05/21 EUR100000