Fact sheet: Nordea 1 North Am Hi Yd Bd

Fund information

Fund name
Nordea 1 North American High Yield Bond BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Derek Thoms
since 01/07/2015
Ben Miller
since 01/07/2015
Jim Schaeffer
since 01/07/2015
Kevin Bakker
since 01/07/2015
Fund objective
The fund invests into High Yield Bonds issued by companies which are domiciled or exercise the predominant part of their economic activity in the United States of America. The fund seeks to achieve attractive risk-adjusted return by using a fundamental and research driven approach to investing in the high yield investment universe. Traditional and distressed credit analysis is the driver of the investment process and is at the core of the portfolio construction. The distressed credit analysis helps evaluate opportunities in the lower quality portion of the high yield market where dislocations may occur.
Benchmark
ML US High Yield Master II
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

7.51 %

1 Year rank in sector

18/52

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 667.0 m

FE Risk score

94

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    77.52%
  • Money Market
    6.7%
  • Canada
    4.4%
  • UK
    3.28%
  • Netherlands
    1.79%
  • Basic Industries
    11.91%
  • Media
    10.64%
  • Energy
    10.18%
  • Health Care
    8.49%
  • Telecommunications
    7.84%
  • Global Corporate Fixed Interest
    95.4%
  • Money Market
    2.59%
  • Global Fixed Interest
    2.01%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.58 %3.57 %7.51 %17.22 %0 %
Sector0.72 %2.3 %5.77 %12.97 %24.43 %
Rank within sector35 / 5823 / 5818 / 5212 / 41 /
Quartile th3 rd2 nd2 nd2 nd th

Calendar performance

YTD-20172016201520142013
Fund6.53 %13.43 %-3.67 %3.33 %5.67 %
Sector4.47 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector14 / 5621 / 5028 / 447 / 3819 / 35
Quartile th1 st2 nd3 rd1 st3 rd

Risk statistics

Alpha0.85
Beta1.13
Sharpe0.32
Volatility5.55
Tracking error1.65
Information ratio0.79
R-Squared0.92

Price movement

52 week high127.39
52 week low115.86
Current bid price0
Current offer price0
Current mid price127.34

Holdings by region

  • 77.52% USA
  • 6.7% Money Market
  • 4.4% Canada
  • 3.28% UK
  • 1.79% Netherlands
  • 1.58% France
  • 1.41% Luxembourg
  • 0.99% Italy
  • 0.55% Ireland
  • 0.54% Switzerland

Holdings by sector

  • 11.91% Basic Industries
  • 10.64% Media
  • 10.18% Energy
  • 8.49% Health Care
  • 7.84% Telecommunications
  • 6.7% Money Market
  • 6.25% Banks
  • 5.73% Leisure
  • 4.49% Others
  • 4.44% Technology

Holdings by asset type

  • 95.4% Global Corporate Fixed Interest
  • 2.59% Money Market
  • 2.01% Global Fixed Interest

Individual holdings

  • 2.24% ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF
  • 2.24% SSGA SPDR BARCLAYS CAPITAL HIGH YIELD BOND
  • 1.06% UNIVISION COMMUNICATIONS INC 6.75% BDS 15/09/22 USD1000 144A
  • 1.02% VIRGIN MEDIA FINANCE PLC 6.375% BDS 15/04/23 USD1000 144A
  • 1% GMAC CAPITAL TRUST I 8.125 02/15/2040
  • 0.91% INTERNATIONAL GAME TECHNOLOG 6.5% 15-02-2025
  • 0.9% ASSOCIATED MATERIALS LLC/FINANCE 9% BDS 01/01/24 USD2000
  • 0.9% HCA INC 7.5% BDS 15/02/22 USD2000
  • 0.87% SPRINT NEXTEL CORP 9% BDS 15/11/18 USD1000 144A
  • 0.84% CENTURYLINK INC 7.65% BDS 15/03/42 USD1000