Fact sheet: Nordea 1 US Hi Yld Bd

Fund information

Fund name
Nordea 1 US High Yield Bond BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Dan Roberts
since 28/07/2008
Fund objective
The fund seeks to achieve attractive risk-adjusted return by identifying target bonds through eliminating uncompensated risk. The fund manager rigorously screens the investment universe for risk in order to quantify upside potential using bond analysis, not equity-style analysis. By targeting the sweet spot for risk compensation, the managers goal is to eliminate rather than to include bonds. The underlying belief is that to deliver attractive returns it is more important to recognise which bonds not to include in the portfolio, than to focus on the ones that should be selected.
Benchmark
ML US High Yield Master II
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

6.17 %

1 Year rank in sector

17/55

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 874.9 m

FE Risk score

97

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    80.2%
  • Canada
    5.9%
  • Money Market
    4.07%
  • UK
    1.76%
  • Ireland
    1.68%
  • Basic Industries
    12.2%
  • Services
    9.68%
  • Telecommunications
    9.46%
  • Capital Goods
    8.87%
  • Technology
    8.63%
  • US Fixed Interest
    95.57%
  • Money Market
    4.07%
  • Property
    0.36%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.62 %2.4 %6.17 %14.54 %18.55 %
Sector0.47 %1.68 %4.04 %14.85 %21.18 %
Rank within sector35 / 6222 / 5817 / 5523 / 4320 / 34
Quartile th3 rd2 nd2 nd3 rd3 rd

Calendar performance

YTD-20182017201620152014
Fund0.56 %6.61 %14.52 %-7.47 %-0.12 %
Sector0.41 %4.49 %12.74 %-3.11 %0.67 %
Rank within sector31 / 6117 / 5514 / 4940 / 4327 / 35
Quartile th3 rd2 nd2 nd4 th4 th

Risk statistics

Alpha-1.79
Beta1.34
Sharpe0.1
Volatility6.24
Tracking error2.07
Information ratio-0.17
R-Squared0.95

Price movement

52 week high19.67
52 week low18.42
Current bid price0
Current offer price0
Current mid price19.62

Holdings by region

  • 80.2% USA
  • 5.9% Canada
  • 4.07% Money Market
  • 1.76% UK
  • 1.68% Ireland
  • 1.67% France
  • 1.27% Germany
  • 1.16% Finland
  • 0.93% Netherlands
  • 0.76% Italy

Holdings by sector

  • 12.2% Basic Industries
  • 9.68% Services
  • 9.46% Telecommunications
  • 8.87% Capital Goods
  • 8.63% Technology
  • 7.47% Health Care
  • 6.59% Consumer Goods
  • 6.1% Energy
  • 5.69% Media
  • 4.79% Leisure

Holdings by asset type

  • 95.57% US Fixed Interest
  • 4.07% Money Market
  • 0.36% Property

Individual holdings

  • 1.53% SPRINT CAPITAL CORP 8.75% BDS 15/3/32 USD1000
  • 1.47% ALLY FINANCIAL INC 8% SNR GTD NTS 01/11/31 USD1000
  • 1.21% VALEANT PHARMACEUTICALS INTE 6.125% 15-04-2025
  • 1.06% FIRST DATA NEW ISSUE
  • 1.04% DISH DBS CORP 5.875% BDS 15/07/22 USD1000
  • 1.02% T-MOBILE US INC 6.375% BDS 01/03/25 USD2000
  • 1.01% KLX INC 5.875% 01-12-2022
  • 0.97% ARCELORMITTAL SA 7% BDS 15/10/39 USD1000
  • 0.94% ICAHN ENTERPRISES LP 5.875% NTS 01/02/22 USD1000
  • 0.88% TRI POINTE GROUP INC / TRI P 5.875% 15-06-2024