Fact sheet: Nordea 1 North Am Val

Fund information

Fund name
Nordea 1 North American Value BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Steve Goddard
since 30/10/2013
Fund objective
The fund seeks to achieve better than benchmark performance over full market cycles, with the highest investment priority being capital preservation. The investment philosophy is based on three guiding principles, namely: focus on cash return on tangible capital rather than earnings per share; determine the value of a company by cash inflows and outflows discounted by an “optimal” cost of capital; and do not over-diversify but ensure high conviction positions contribute meaningfully to returns with limited turnover. The process utilizes qualitative and quantitative sources for idea generation.
Benchmark
S&P 500 Composite - Total Return Index
Investment style
Value
Investment method
Shares

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

20.97 %

1 Year rank in sector

8/35

Sector

FO Equity - North America

Yield
-
Fund size

£ 362.5 m

FE Risk score

114

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    98.5%
  • Money Market
    1.5%
  • Financials
    25.03%
  • Consumer Discretionary
    21.87%
  • Information Technology
    16.73%
  • Industrials
    11.69%
  • Health Care
    9.83%
  • US Equities
    98.5%
  • Money Market
    1.5%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund2.87 %8.65 %20.97 %28.92 %66.55 %
Sector2.71 %6.19 %16.11 %39.49 %79.22 %
Rank within sector13 / 3715 / 358 / 3527 / 2920 / 26
Quartile th2 nd2 nd1 st4 th4 th

Calendar performance

YTD-20172016201520142013
Fund12.41 %5.94 %-5.73 %15.55 %31.38 %
Sector9.6 %14.78 %-0.85 %12.93 %29.7 %
Rank within sector17 / 3528 / 3428 / 309 / 2812 / 27
Quartile th2 nd4 th4 th2 nd2 nd

Risk statistics

Alpha-3.29
Beta1.07
Sharpe0.24
Volatility11.48
Tracking error3.67
Information ratio-0.76
R-Squared0.9

Price movement

52 week high53.08
52 week low42.9
Current bid price0
Current offer price0
Current mid price52.73

Holdings by region

  • 98.5% USA
  • 1.5% Money Market

Holdings by sector

  • 25.03% Financials
  • 21.87% Consumer Discretionary
  • 16.73% Information Technology
  • 11.69% Industrials
  • 9.83% Health Care
  • 5.84% Consumer Staples
  • 3.46% Materials
  • 2.34% Energy
  • 1.71% Telecommunications Utilities
  • 1.5% Money Market

Holdings by asset type

  • 98.5% US Equities
  • 1.5% Money Market

Individual holdings

  • 7.7% BERKSHIRE HATHAWAY INC
  • 5.8% APPLE INC
  • 5.62% CARNIVAL CORP
  • 4.68% PROGRESSIVE CORP(OHIO)
  • 4.53% VISA INC
  • 4.49% CARMAX INC
  • 4.43% DOLLAR TREE INC
  • 3.99% BLACKROCK INC
  • 3.82% ALPHABET INC
  • 3.78% NORFOLK SOUTHERN CORP