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
Jim Schaeffer
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

8.07 %

1 Year rank in sector

15/49

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 601.2 m

FE Risk score

87

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    73.49%
  • Money Market
    10.08%
  • Canada
    4.43%
  • UK
    2.96%
  • Netherlands
    1.91%
  • Energy
    10.43%
  • Basic Industries
    10.11%
  • Money Market
    10.08%
  • Media
    9.98%
  • Health Care
    8.84%
  • US Fixed Interest
    90.91%
  • Money Market
    6.18%
  • Global Fixed Interest
    2.91%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.06 %2.87 %7.64 %13.77 %0 %
Sector-0.02 %1.61 %6.09 %9.21 %26.54 %
Rank within sector40 / 5716 / 5715 / 4912 / 39 /
Quartile th3 rd2 nd2 nd2 nd th

Calendar performance

YTD-20172016201520142013
Fund5.19 %13.43 %-3.67 %3.33 %5.67 %
Sector3.17 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector8 / 5521 / 4826 / 428 / 3718 / 34
Quartile th1 st2 nd3 rd1 st3 rd

Risk statistics

Alpha1.31
Beta1.1
Sharpe0.26
Volatility5.72
Tracking error1.56
Information ratio1.04
R-Squared0.93

Price movement

52 week high127.39
52 week low115.86
Current bid price0
Current offer price0
Current mid price125.75

Holdings by region

  • 73.49% USA
  • 10.08% Money Market
  • 4.43% Canada
  • 2.96% UK
  • 1.91% Netherlands
  • 1.74% Luxembourg
  • 1.67% France
  • 1.18% Italy
  • 0.69% Ireland
  • 0.65% Switzerland

Holdings by sector

  • 10.43% Energy
  • 10.11% Basic Industries
  • 10.08% Money Market
  • 9.98% Media
  • 8.84% Health Care
  • 7.74% Telecommunications
  • 6.33% Banks
  • 5.86% Leisure
  • 4.83% Technology
  • 4.68% Capital Goods

Holdings by asset type

  • 90.91% US Fixed Interest
  • 6.18% Money Market
  • 2.91% Global Fixed Interest

Individual holdings

  • 0.96% CENTURYLINK INC 7.65% BDS 15/03/42 USD1000
  • 0.94% GMAC CAPITAL TRUST I 8.125 02/15/2040
  • 0.94% INTERNATIONAL GAME TECHNOLOGY 6.5% BDS 15/02/25 USD 1000
  • 0.93% UNIVISION COMMUNICATIONS INC 6.75% BDS 15/09/22 USD1000 144A
  • 0.86% COMMUNITY HEALTH SYSTEMS INC(NEW) 6.875% BDS 01/02/22 USD1000
  • 0.86% ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF
  • 0.86% SSGA SPDR BARCLAYS CAPITAL HIGH YIELD BOND
  • 0.81% VIRGIN MEDIA FINANCE PLC 6.375% BDS 15/04/23 USD1000 144A
  • 0.75% HCA INC 7.5% BDS 15/02/22 USD2000
  • 0.72% SCIENTIFIC GAMES INTL INC 10% BDS 01/12/22 USD 2000