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

5.74 %

1 Year rank in sector

17/29

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 3.4 b

FE Risk score

31

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    96.04%
  • Money Market
    2.77%
  • Belgium
    0.92%
  • UK
    0.27%
  • Banks
    18.16%
  • Non-Cyclical Consumer Goods
    12.75%
  • Cyclical Consumer Goods
    12.01%
  • Electricity Supply
    8.97%
  • Communications
    8.92%
  • Global Corporate Fixed Interest
    97.21%
  • Money Market
    2.77%
  • Global Government Fixed Interest
    0.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.35 %2.28 %5.74 %8.77 %13.32 %
Sector-0.01 %1.95 %5.65 %10.96 %16.01 %
Rank within sector4 / 3311 / 3217 / 2916 / 1912 / 15
Quartile th1 st2 nd3 rd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund5.5 %4.85 %-2.55 %5.29 %-0.63 %
Sector4.64 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector9 / 3016 / 2019 / 1914 / 189 / 16
Quartile th2 nd4 th4 th4 th3 rd

Risk statistics

Alpha-1.16
Beta1.11
Sharpe-0
Volatility3.98
Tracking error1.68
Information ratio-0.47
R-Squared0.83

Price movement

52 week high14.42
52 week low13.52
Current bid price0
Current offer price0
Current mid price14.38

Holdings by region

  • 96.04% USA
  • 2.77% Money Market
  • 0.92% Belgium
  • 0.27% UK

Holdings by sector

  • 18.16% Banks
  • 12.75% Non-Cyclical Consumer Goods
  • 12.01% Cyclical Consumer Goods
  • 8.97% Electricity Supply
  • 8.92% Communications
  • 6.56% Energy
  • 5.88% Technology
  • 4.94% Capital Goods
  • 4.26% Insurance
  • 4% 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% GREAT PLAINS ENERGY INC 4.85% BDS 01/06/21 USD1000
  • 0.84% MORGAN STANLEY (subord) S. -F- 4.875%/12-01.11.2022
  • 0.77% 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
  • 0.66% DOLLAR GENERAL CORP 4.15% BDS 01/11/25 USD2000
  • 0.66% TIME WARNER INC 8.375% BDS 15/3/2023 USD1000
  • 0.65% SPRINT SPECTRUM CO LLC 3.36% NTS 20/03/23 USD1000 2016-1 A1