Fact sheet: Nordea 1 Gbl High Yd Bd

Fund information

Fund name
Nordea 1 Global High Yield Bond BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Dan Roberts
since 10/02/2010
Fund objective
The fund seeks to achieve attractive risk-adjusted return by identifying target bonds and eliminating uncompensated risk. The fund manager rigorously screens the investment universe for risk in order to quantify upside potential using bond analysis, not equity-style analysis. By targeting the sweet spot for risk compensation, the managers goal is to eliminate rather than include bonds. The underlying belief is that to deliver attractive returns it is more important to recognise which bonds not to include in the portfolio, than to focus on the ones that should be selected.
Benchmark
BofA ML Developed Markets High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

9.33 %

1 Year rank in sector

11/79

Sector

FO Fixed Int - Global High Yield

Yield
-
Fund size

£ 626.6 m

FE Risk score

38

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    75.09%
  • Canada
    6.06%
  • UK
    5.92%
  • Money Market
    2.09%
  • Germany
    2.04%
  • Basic Industries
    12.78%
  • Services
    9.94%
  • Telecommunications
    9.72%
  • Consumer Goods
    8.12%
  • Capital Goods
    7.88%
  • US Fixed Interest
    75.09%
  • Canadian Fixed Interest
    6.06%
  • UK Fixed Interest
    5.92%
  • Money Market
    2.09%
  • German Fixed Interest
    2.04%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.49 %6.24 %9.33 %14.56 %25.91 %
Sector0.74 %2.83 %5.68 %13.68 %24.22 %
Rank within sector72 / 955 / 9011 / 7931 / 6219 / 45
Quartile th4 th1 st1 st2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund9.4 %12.27 %-6.01 %0.14 %6.48 %
Sector5.1 %11.43 %-2.49 %1.36 %5.18 %
Rank within sector6 / 8329 / 7154 / 6541 / 5623 / 47
Quartile th1 st2 nd4 th3 rd2 nd

Risk statistics

Alpha-1.32
Beta1.36
Sharpe0.09
Volatility6.39
Tracking error2.45
Information ratio0.02
R-Squared0.92

Price movement

52 week high16.49
52 week low14.74
Current bid price0
Current offer price0
Current mid price16.52

Holdings by region

  • 75.09% USA
  • 6.06% Canada
  • 5.92% UK
  • 2.09% Money Market
  • 2.04% Germany
  • 1.97% France
  • 1.59% Netherlands
  • 1.32% Italy
  • 1.21% Luxembourg
  • 1.01% Ireland

Holdings by sector

  • 12.78% Basic Industries
  • 9.94% Services
  • 9.72% Telecommunications
  • 8.12% Consumer Goods
  • 7.88% Capital Goods
  • 7.53% Media
  • 6.84% Health Care
  • 6.59% Technology
  • 5.17% Banks
  • 4.24% Energy

Holdings by asset type

  • 75.09% US Fixed Interest
  • 6.06% Canadian Fixed Interest
  • 5.92% UK Fixed Interest
  • 2.09% Money Market
  • 2.04% German Fixed Interest
  • 1.97% French Fixed Interest
  • 1.59% Dutch Fixed Interest
  • 1.32% Italian Fixed Interest
  • 1.21% Luxembourg Fixed Interest
  • 1.01% Irish Fixed Interest

Individual holdings

  • 1.68% ARCELORMITTAL SA 7% BDS 15/10/39 USD1000
  • 1.03% SPRINT CAPITAL CORP 8.75% BDS 15/3/32 USD1000
  • 1.02% ICAHN ENTERPRISES LP 6% NTS 01/08/20 USD1000
  • 0.96% TELECOM ITALIA CAPITAL 6.375% BDS 15/11/33 USD1000
  • 0.92% ALLY FINANCIAL INC 8% SNR GTD NTS 01/11/31 USD1000
  • 0.81% DIAMOND 1 FIN/DIAMOND 2 BDS 15/07/46 USD2000 144A
  • 0.81% FIRST DATA CORP 7% BDS 01/12/23 USD2000
  • 0.81% VIMPELCOM HOLDINGS B V 4.95% BDS 16/06/24 USD200000
  • 0.8% ALTICE SA 7.75% BDS 15/05/22 USD200000
  • 0.79% HARTFORD FINANCIAL SERVICES GR FRN 12/02/2047