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)
Ben Miller
since 01/07/2015
Derek Thoms
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

5.91 %

1 Year rank in sector

21/55

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 645.7 m

FE Risk score

96

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    79.79%
  • Canada
    4.9%
  • Money Market
    4.55%
  • UK
    3.39%
  • Netherlands
    1.66%
  • Basic Industries
    12.78%
  • Energy
    12.67%
  • Media
    10.99%
  • Health Care
    8.31%
  • Telecommunications
    7.7%
  • US Fixed Interest
    94.38%
  • Money Market
    4.55%
  • Property
    1.05%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.73 %1.28 %5.91 %17.1 %25.52 %
Sector0.39 %1.31 %3.97 %14.73 %20.83 %
Rank within sector26 / 6235 / 5821 / 5515 / 4310 / 34
Quartile th2 nd3 rd2 nd2 nd2 nd

Calendar performance

YTD-20182017201620152014
Fund0.54 %6.39 %13.43 %-3.67 %3.33 %
Sector0.31 %4.49 %12.74 %-3.11 %0.67 %
Rank within sector26 / 6118 / 5521 / 4928 / 437 / 35
Quartile th2 nd2 nd2 nd3 rd1 st

Risk statistics

Alpha-0.08
Beta1.16
Sharpe0.3
Volatility5.45
Tracking error1.54
Information ratio0.4
R-Squared0.94

Price movement

52 week high128.15
52 week low120.72
Current bid price0
Current offer price0
Current mid price127.87

Holdings by region

  • 79.79% USA
  • 4.9% Canada
  • 4.55% Money Market
  • 3.39% UK
  • 1.66% Netherlands
  • 1.6% Luxembourg
  • 1.27% France
  • 0.85% Ireland
  • 0.62% Italy
  • 0.56% Switzerland

Holdings by sector

  • 12.78% Basic Industries
  • 12.67% Energy
  • 10.99% Media
  • 8.31% Health Care
  • 7.7% Telecommunications
  • 6.28% Banks
  • 5.92% Leisure
  • 5.25% Technology
  • 4.71% Capital Goods
  • 4.55% Money Market

Holdings by asset type

  • 94.38% US Fixed Interest
  • 4.55% Money Market
  • 1.05% Property

Individual holdings

  • 1.12% ASSOCIATED MATERIALS LLC/FINANCE 9% BDS 01/01/24 USD2000
  • 1.03% GMAC CAPITAL TRUST I 8.125 02/15/2040
  • 0.93% INTERNATIONAL GAME TECHNOLOG 6.5% 15-02-2025
  • 0.9% HCA INC 7.5% BDS 15/02/22 USD2000
  • 0.88% VIRGIN MEDIA FINANCE PLC 6.375% BDS 15/04/23 USD1000 144A
  • 0.8% CENTURYLINK INC 7.65% BDS 15/03/42 USD1000
  • 0.78% CLEAR CHANNEL WORLDWIDE HLDGS INC 6.5% SRN 15/11/22 USD1000 B
  • 0.78% VALEANT PHARMACEUTICALS INTE 5.875% 15-05-2023
  • 0.75% SCIENTIFIC GAMES INTL INC 7% BDS 01/01/22 USD 2000
  • 0.74% HUGHES SATELLITE SYS CORP 7.625% SNR NTS 15/06/21 USD1000