Fact sheet: Nordea 1 US Corporate Bond

Fund information

Fund name
Nordea 1 US Corporate Bond BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Louis N. Cohen
since 11/02/2011
Fund objective
The fund seeks to achieve consistent, superior rates of return with low volatility by investing primarily in debt securities rated BBB- or better by S&P or Baa3 or better by Moody's at purchase. The fund manager uses a top-down analysis to exploit opportunities and neutralize unwanted risks, and a bottom-up analysis to maximize total return. The fund manager protects the downside by understanding the risk exposures within the portfolio and the correlation among assets, by diversifying risk factors, by defining/articulating an exit strategy for each position, and by carefully monitoring expected tracking error.
Benchmark
Bloomberg Barclays U.S Credit
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

4.27 %

1 Year rank in sector

21/29

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 3.5 b

FE Risk score

33

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    95.27%
  • Money Market
    3.81%
  • Belgium
    0.64%
  • UK
    0.28%
  • Banks
    18.33%
  • Cyclical Consumer Goods
    12.48%
  • Non-Cyclical Consumer Goods
    12.41%
  • Electricity Supply
    8.94%
  • Communications
    7.31%
  • US Fixed Interest
    92.17%
  • Property
    4.02%
  • Money Market
    3.81%
  • US Government Fixed Interest
    0.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.48 %1.62 %4.27 %6.75 %12.94 %
Sector-0.43 %1.32 %4.05 %10.09 %15.9 %
Rank within sector30 / 3318 / 3121 / 2916 / 1915 / 17
Quartile th4 th3 rd3 rd4 th4 th

Calendar performance

YTD-20182017201620152014
Fund-0.35 %6.02 %4.85 %-2.55 %5.29 %
Sector-0.26 %5.08 %7.49 %-1.22 %5.37 %
Rank within sector29 / 3313 / 2916 / 2019 / 1914 / 18
Quartile th4 th2 nd4 th4 th4 th

Risk statistics

Alpha-1.47
Beta1.14
Sharpe-0
Volatility3.99
Tracking error1.59
Information ratio-0.62
R-Squared0.86

Price movement

52 week high14.48
52 week low13.64
Current bid price0
Current offer price0
Current mid price14.4

Holdings by region

  • 95.27% USA
  • 3.81% Money Market
  • 0.64% Belgium
  • 0.28% UK

Holdings by sector

  • 18.33% Banks
  • 12.48% Cyclical Consumer Goods
  • 12.41% Non-Cyclical Consumer Goods
  • 8.94% Electricity Supply
  • 7.31% Communications
  • 6.89% Technology
  • 5.52% Energy
  • 4.84% Capital Goods
  • 4.06% Insurance
  • 4.02% Property Shares

Holdings by asset type

  • 92.17% US Fixed Interest
  • 4.02% Property
  • 3.81% Money Market
  • 0.02% US Government Fixed Interest

Individual holdings

  • 1.25% BANK OF AMERICA CORP 3.419% BDS 20/12/28 USD1000
  • 0.85% GREAT PLAINS ENERGY INC 4.85% BDS 01/06/21 USD1000
  • 0.85% MORGAN STANLEY (subord) S. -F- 4.875%/12-01.11.2022
  • 0.72% PPL CAPITAL FUNDING TST 4.2% BDS 15/06/22 USD100
  • 0.7% EXELON CORP 3.95% BDS 15/06/25 USD 2000
  • 0.67% DOLLAR GENERAL CORP 4.15% 01-11-2025
  • 0.66% TIME WARNER INC 8.375% BDS 15/3/2023 USD1000
  • 0.64% MICROSOFT CORP 3.7% BDS 08/08/46 USD2000
  • 0.63% CITIGROUP INC 3.7% 12-01-2026
  • 0.63% UNITED AIRLINES INC 4% BDS 11/04/26 USD1000