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
MacKay Shields
since 14/01/2010
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
Capital Protection Targeted
Investment method
Fixed Interest

Quick stats

1 Year return

1.5 %

1 Year rank in sector

12/22

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 3.5 b

FE Risk score

31

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    92.9%
  • Money Market
    5.52%
  • Belgium
    1.54%
  • UK
    0.03%
  • Banks
    17.47%
  • Non-Cyclical Consumer Goods
    14.3%
  • Cyclical Consumer Goods
    11.19%
  • Communications
    8.54%
  • Electricity Supply
    7.99%
  • US Fixed Interest
    91.13%
  • Money Market
    5.52%
  • Property
    3.36%
  • US Government Fixed Interest
    0.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.35 %4.24 %1.86 %6.9 %15.28 %
Sector0.26 %3.54 %3.54 %10.34 %17.47 %
Rank within sector9 / 3214 / 3012 / 2218 / 1810 / 12
Quartile th2 nd2 nd3 rd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund4.62 %4.85 %-2.55 %5.29 %-0.63 %
Sector3.85 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector10 / 3017 / 1918 / 1814 / 178 / 15
Quartile th2 nd4 th4 th4 th3 rd

Risk statistics

Alpha-1.26
Beta1.1
Sharpe-0
Volatility4.09
Tracking error1.72
Information ratio-0.57
R-Squared0.83

Price movement

52 week high14.26
52 week low13.52
Current bid price0
Current offer price0
Current mid price14.26

Holdings by region

  • 92.9% USA
  • 5.52% Money Market
  • 1.54% Belgium
  • 0.03% UK

Holdings by sector

  • 17.47% Banks
  • 14.3% Non-Cyclical Consumer Goods
  • 11.19% Cyclical Consumer Goods
  • 8.54% Communications
  • 7.99% Electricity Supply
  • 6.53% Technology
  • 6.31% Energy
  • 5.52% Money Market
  • 4.81% Capital Goods
  • 4.29% Others

Holdings by asset type

  • 91.13% US Fixed Interest
  • 5.52% Money Market
  • 3.36% Property
  • 0.02% US Government Fixed Interest

Individual holdings

  • 1.03% BANK OF AMERICA CORP 5.7% BDS 24/01/22 USD1000
  • 0.87% CITIGROUP (subordinated) 4.05%/13-30.07.2022
  • 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
  • 0.78% EXELON CORP 3.95% BDS 15/06/25 USD 2000
  • 0.75% ANHEUSER-BUSCH INBEV SA 3.65% BDS 01/02/26 USD1000
  • 0.72% PPL CAPITAL FUNDING TST 4.2% BDS 15/06/22 USD100
  • 0.68% TIME WARNER INC 8.375% BDS 15/3/2023 USD1000
  • 0.66% DOLLAR GENERAL CORP 4.15% BDS 01/11/25 USD2000
  • 0.66% SYNCHRONY FINANCIAL 4.25% BDS 15/08/24 USD2000