Fact sheet: Nordea 1 Eurpn Covered Bd

Fund information

Fund name
Nordea 1 European Covered Bond BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager
Dynamic Fixed Income
since 01/07/2008
Fund objective
The fund invests a minimum of two-thirds of its total assets (after deduction of cash) in high credit quality covered bonds which are admitted for official listing on a stock exchange or traded in another regulated market within the OECD and are issued by companies or financial institutions domiciled or exercising the predominant part of their economic activities in Europe. The fund's investment philosophy builds on a quantitative and risk-based approach.
Benchmark
Iboxx EUR Covered Bond Index
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

-0.24 %

1 Year rank in sector

13/39

Sector

FO Fixed Int - EUR Investment Grade

Yield
-
Fund size

£ 917.3 m

FE Risk score

81

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    14.72%
  • Italy
    13.5%
  • Spain
    13.02%
  • Norway
    11.67%
  • Austria
    9.59%
  • AAA
    45.75%
  • A
    19.91%
  • BBB
    11.71%
  • AA
    8%
  • BB
    5.59%
  • French Fixed Interest
    14.72%
  • Italian Fixed Interest
    13.5%
  • Spanish Fixed Interest
    13.02%
  • Norwegian Fixed Interest
    11.67%
  • Austrian Fixed Interest
    9.59%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.24 %0.97 %-0.24 %7.85 %23.64 %
Sector-0.34 %1.67 %-0.34 %6.38 %21.95 %
Rank within sector25 / 4235 / 4113 / 397 / 369 / 30
Quartile th3 rd4 th2 nd1 st2 nd

Calendar performance

YTD-20172016201520142013
Fund0.81 %4.11 %0.51 %10.34 %3.07 %
Sector0.84 %3.82 %-0.24 %8.87 %3.43 %
Rank within sector12 / 409 / 389 / 3615 / 356 / 30
Quartile th2 nd1 st1 st2 nd1 st

Risk statistics

Alpha1.83
Beta0.52
Sharpe-0
Volatility2.28
Tracking error2.17
Information ratio0.41
R-Squared0.57

Price movement

52 week high12.58
52 week low12.34
Current bid price0
Current offer price0
Current mid price12.5

Holdings by region

  • 14.72% France
  • 13.5% Italy
  • 13.02% Spain
  • 11.67% Norway
  • 9.59% Austria
  • 9.51% Denmark
  • 6.96% Sweden
  • 3.49% Germany
  • 2.92% Singapore
  • 2.91% Money Market

Holdings by sector

  • 45.75% AAA
  • 19.91% A
  • 11.71% BBB
  • 8% AA
  • 5.59% BB
  • 3.94% B
  • 2.91% Money Market
  • 2.19% Non-Rated

Holdings by asset type

  • 14.72% French Fixed Interest
  • 13.5% Italian Fixed Interest
  • 13.02% Spanish Fixed Interest
  • 11.67% Norwegian Fixed Interest
  • 9.59% Austrian Fixed Interest
  • 9.51% Danish Fixed Interest
  • 6.96% Swedish Fixed Interest
  • 3.49% German Fixed Interest
  • 2.92% Singapore Fixed Interest
  • 2.91% Money Market

Individual holdings

  • 4.56% MONTE DEI PASCHI DI SIENA 5% BDS 09/02/18 EUR100000
  • 4.05% SWEDBANK MORTGAGE AB 3.75% BDS 19/06/19 SEK1000
  • 3.42% PROGRAMA CEDULAS TDA 4.25% BDS 10/04/31 EUR100000 `A6`
  • 2.92% SWEDBANK MORTGAGE AB 1% BDS 15/09/21 SEK100000
  • 2.91% ITALY(REPUBLIC OF) 3.45% BDS 01/03/48 EUR1000
  • 2.75% KOMMUNALKREDIT AUSTRIA AG 2.375% MTN 28/06/20 CHF5000
  • 2.55% KOMMUNALKREDIT AUSTRIA AG 2.5% MTN 14/02/22 CHF5000
  • 2.48% KOMMUNALKREDIT AUSTRIA AG 3.375% MTN 22/06/26 CHF5000
  • 2.43% SR-BOLIGKREDITT AS 0.125% NTS 08/09/21 EUR1000
  • 2.33% COMPAGNIE DE FINANCEMENT FONCIER 0.25% MTG BDS 16/03/22 EUR1 REG S