Fact sheet: Nordea 1 US Bd Opps

Fund information

Fund name
Nordea 1 US Bond Opportunities BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Jeffrey Gundlach
since 04/04/2016
Fund objective
The fund´s objective is to maximise current income and total return over a full market cycle through both income and price appreciation. It generally seeks to identify investment opportunities within and across all subsectors of the fixed income market and to exploit inefficiencies while maintaining active risk management constraints. The fund is benchmarked against the Bloomberg Barclays US Aggregate Bond Index. While the major part of bonds and debt instruments the fund invests in consists of U.S.-dollar denominated corporate bonds rated Baa3/BBB- or higher, U.S. Treasuries and Agency mortgage-backed securities (MBS), the fund can also invest in non-benchmark sectors such as High Yield corporate bonds, U.S. dollar-denominated Emerging Market Debt and non-Agency MBS. Top-down active management of exposure to specific market segments combined with bottom-up security selection forms the cornerstone of the expected excess return of the strategy.
Benchmark
Bloomberg Barclays US Aggregate Index
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

2.41 %

1 Year rank in sector

17/21

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 90.6 m

FE Risk score

90

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    94.62%
  • UK
    1.34%
  • Canada
    0.96%
  • Australia
    0.65%
  • Money Market
    0.6%
  • AA
    52.88%
  • BBB
    12.16%
  • AAA
    8.97%
  • A
    7.24%
  • CCC-
    6.79%
  • US Fixed Interest
    94.62%
  • UK Fixed Interest
    1.34%
  • Canadian Fixed Interest
    0.96%
  • Australian Fixed Interest
    0.65%
  • Money Market
    0.6%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.08 %0.43 %2.41 %0 %0 %
Sector-0.09 %1.2 %4.18 %8.29 %12.27 %
Rank within sector13 / 2720 / 2517 / 21 / /
Quartile th2 nd4 th4 th th th

Calendar performance

YTD-20172016201520142013
Fund2.6 %0 %0 %0 %0 %
Sector3.89 %4.96 %-0.48 %3.44 %0.01 %
Rank within sector15 / 21 / / / /
Quartile th3 rd th th th th

Price movement

52 week high100.59
52 week low96.64
Current bid price0
Current offer price0
Current mid price99.92

Holdings by region

  • 94.62% USA
  • 1.34% UK
  • 0.96% Canada
  • 0.65% Australia
  • 0.6% Money Market
  • 0.39% Israel
  • 0.34% Brazil
  • 0.31% Mexico
  • 0.24% Japan
  • 0.19% Belgium

Holdings by sector

  • 52.88% AA
  • 12.16% BBB
  • 8.97% AAA
  • 7.24% A
  • 6.79% CCC-
  • 6.66% CCC
  • 2.48% BB
  • 1.73% B
  • 0.6% Money Market
  • 0.49% Non-Rated

Holdings by asset type

  • 94.62% US Fixed Interest
  • 1.34% UK Fixed Interest
  • 0.96% Canadian Fixed Interest
  • 0.65% Australian Fixed Interest
  • 0.6% Money Market
  • 0.39% Middle East & African Fixed Interest
  • 0.34% Brazilian Fixed Interest
  • 0.31% Mexican Fixed Interest
  • 0.24% Japanese Fixed Interest
  • 0.19% Belgian Fixed Interest

Individual holdings

  • 10.33% UNITED STATES OF AMER TREAS NOTES 1% NTS 15/03/18 USD1000
  • 9.37% UNITED STATES OF AMER TREAS BILLS 2.25% TB 15/08/27 USD100
  • 7.05% UNITED STATES OF AMER TREAS NOTES 1.625% TB 31/07/19 USD1000
  • 3% UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/42 USD100
  • 2.97% United States Treasury Note/Bond
  • 2.96% UNITED STATES OF AMER TREAS NOTES 2% NTS 30/11/20 USD100
  • 2.85% STRUCTURED ADJ RATE MTG LOAN TRUST SER`2007-9`VAR MB 1/10/47 USD CLS`2-A1`
  • 2.74% Freddie Mac Strips 3% 15-08-2047
  • 2.26% Fannie Mae Pool 3.5% 01-12-2046
  • 2.23% GreenPoint Mortgage Funding FRN 25-04-2047