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

1.35 %

1 Year rank in sector

13/24

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%
  • Global Corporate Fixed Interest
    97.01%
  • Money Market
    2.97%
  • Global Government Fixed Interest
    0.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.56 %3.7 %1.35 %7.04 %16.45 %
Sector0.49 %3.22 %2.67 %10.22 %18.84 %
Rank within sector10 / 3316 / 3113 / 2417 / 1910 / 13
Quartile th2 nd3 rd3 rd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund4.92 %4.85 %-2.55 %5.29 %-0.63 %
Sector4.18 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector13 / 3117 / 2019 / 1914 / 189 / 16
Quartile th2 nd4 th4 th4 th3 rd

Risk statistics

Alpha-1.34
Beta1.1
Sharpe-0
Volatility4.09
Tracking error1.71
Information ratio-0.6
R-Squared0.83

Price movement

52 week high14.3
52 week low13.52
Current bid price0
Current offer price0
Current mid price14.3

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

  • 97.01% Global Corporate Fixed Interest
  • 2.97% Money Market
  • 0.02% Global 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