Fact sheet: Nordea 1 NrwgnBnd

Fund information

Fund name
Nordea 1 Norwegian Bond BP NOK
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Harald Willersrud
since 19/01/2015
Iren Jensen
since 19/01/2015
Fund objective
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Norway. The Sub-fund invests in bonds denominated in NOK. Invested are government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The Fund may further use derivative instruments to reduce risks. The Fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Benchmark
OB (Oslo Stock Exchange) Government Bonds All Index
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

0.9 %

1 Year rank in sector

14/23

Sector

FO Fixed Int - Other Single Currency

Yield
-
Fund size

£ 6.7 b

FE Risk score

97

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Norway
    93.96%
  • Sweden
    3.91%
  • Money Market
    1.98%
  • Denmark
    0.15%
  • AAA
    43.31%
  • Non-Rated
    33.27%
  • A
    17.57%
  • AA
    2.99%
  • Money Market
    1.98%
  • Norwegian Fixed Interest
    93.96%
  • Swedish Fixed Interest
    3.91%
  • Money Market
    1.98%
  • Danish Fixed Interest
    0.15%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund-0.26 %0.62 %0.9 %6.12 %15.52 %
Sector-0.43 %3.35 %3.37 %7.07 %11.21 %
Rank within sector12 / 2418 / 2314 / 237 / 182 / 12
Quartile th2 nd4 th3 rd2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund2.01 %1.36 %-0.19 %8.96 %1.77 %
Sector5.26 %2.04 %-0.92 %4.25 %-0.3 %
Rank within sector18 / 237 / 235 / 183 / 156 / 13
Quartile th4 th2 nd2 nd1 st2 nd

Risk statistics

Alpha0.92
Beta0.61
Sharpe-0
Volatility2.56
Tracking error2.32
Information ratio0
R-Squared0.3

Price movement

52 week high215.35
52 week low208.37
Current bid price0
Current offer price0
Current mid price214.12

Holdings by region

  • 93.96% Norway
  • 3.91% Sweden
  • 1.98% Money Market
  • 0.15% Denmark

Holdings by sector

  • 43.31% AAA
  • 33.27% Non-Rated
  • 17.57% A
  • 2.99% AA
  • 1.98% Money Market
  • 0.89% BBB

Holdings by asset type

  • 93.96% Norwegian Fixed Interest
  • 3.91% Swedish Fixed Interest
  • 1.98% Money Market
  • 0.15% Danish Fixed Interest

Individual holdings

  • 7.44% NORWAY(KINGDOM OF) 1.5% NTS 19/02/26 NOK1000
  • 6.05% NORWAY(KINGDOM OF) 3% BDS 14/03/24 NOK1000
  • 3.79% DEN NORSKE STAT 15/25 1,75%
  • 2.33% SSB Boligkreditt AS 14/21 ADJ C COVD
  • 1.86% NORDEA EIENDOMSKREDITT AS 1.8% BDS 15/06/22 NOK1000000
  • 1.85% VERD BOLIGKREDITT AS FRN 29/04/21 NOK1000000
  • 1.65% SPAREBANK 1 NAERINGSKREDITT AS 4.2% BDS 21/06/23 NOK1000000
  • 1.59% SPAREBANK 1 NAERINGSKREDITT AS 3.72% BDS 16/06/21 NOK1000000
  • 1.55% SPAREBANKEN OST BOLIGKREDITT AS 3.05% BDS 05/02/21 NOK1000000
  • 1.54% SPAREBANKEN VEST 2.95% BDS 09/11/20 NOK500000