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

2.71 %

1 Year rank in sector

19/25

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 3.6 b

FE Risk score

30

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    95.1%
  • Money Market
    3.73%
  • Belgium
    1.13%
  • UK
    0.03%
  • Banks
    17.69%
  • Non-Cyclical Consumer Goods
    13.18%
  • Cyclical Consumer Goods
    11.35%
  • Electricity Supply
    9.03%
  • Communications
    9.01%
  • Global Corporate Fixed Interest
    97.21%
  • Money Market
    2.77%
  • Global Government Fixed Interest
    0.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.42 %3.01 %2.71 %7.47 %13.31 %
Sector0.64 %2.68 %3.96 %10.64 %15.97 %
Rank within sector23 / 3319 / 3219 / 2518 / 1912 / 15
Quartile th3 rd3 rd4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund5.58 %4.85 %-2.55 %5.29 %-0.63 %
Sector4.87 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector15 / 3117 / 2019 / 1914 / 189 / 16
Quartile th2 nd4 th4 th4 th3 rd

Risk statistics

Alpha-1.32
Beta1.1
Sharpe-0
Volatility3.98
Tracking error1.71
Information ratio-0.58
R-Squared0.82

Price movement

52 week high14.4
52 week low13.52
Current bid price0
Current offer price0
Current mid price14.39

Holdings by region

  • 95.1% USA
  • 3.73% Money Market
  • 1.13% Belgium
  • 0.03% UK

Holdings by sector

  • 17.69% Banks
  • 13.18% Non-Cyclical Consumer Goods
  • 11.35% Cyclical Consumer Goods
  • 9.03% Electricity Supply
  • 9.01% Communications
  • 6.26% Energy
  • 5.76% Technology
  • 4.93% Capital Goods
  • 4.19% Insurance
  • 4.1% Others

Holdings by asset type

  • 97.21% Global Corporate Fixed Interest
  • 2.77% Money Market
  • 0.02% Global Government Fixed Interest

Individual holdings

  • 1.02% BANK OF AMERICA CORP 5.7% BDS 24/01/22 USD1000
  • 0.86% CITIGROUP (subordinated) 4.05%/13-30.07.2022
  • 0.84% MORGAN STANLEY (subord) S. -F- 4.875%/12-01.11.2022
  • 0.83% GREAT PLAINS ENERGY INC 4.85% BDS 01/06/21 USD1000
  • 0.78% EXELON CORP 3.95% BDS 15/06/25 USD 2000
  • 0.76% MOLSON COORS BREWING CO 3% BDS 15/07/26 USD2000
  • 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
  • 0.66% DOLLAR GENERAL CORP 4.15% BDS 01/11/25 USD2000
  • 0.66% TIME WARNER INC 8.375% BDS 15/3/2023 USD1000