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
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

7.26 %

1 Year rank in sector

17/49

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 930.4 m

FE Risk score

89

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    77.22%
  • Money Market
    7.25%
  • Canada
    5.2%
  • UK
    2.08%
  • Ireland
    1.35%
  • Basic Industries
    13.09%
  • Capital Goods
    8.8%
  • Telecommunications
    8.74%
  • Health Care
    8.27%
  • Services
    8.26%
  • US Fixed Interest
    92.75%
  • Money Market
    7.25%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.47 %2.84 %7.26 %6.02 %24.03 %
Sector-0.44 %1.43 %5.97 %8.6 %26.28 %
Rank within sector30 / 578 / 5717 / 4924 / 3917 / 29
Quartile th3 rd1 st2 nd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund4.92 %14.52 %-7.47 %-0.12 %6.07 %
Sector3.13 %12.74 %-3.11 %0.67 %6.23 %
Rank within sector10 / 5513 / 4838 / 4227 / 3715 / 34
Quartile th1 st2 nd4 th3 rd2 nd

Risk statistics

Alpha-1.67
Beta1.31
Sharpe-0
Volatility6.69
Tracking error2.12
Information ratio-0.35
R-Squared0.95

Price movement

52 week high19.34
52 week low17.7
Current bid price0
Current offer price0
Current mid price19.2

Holdings by region

  • 77.22% USA
  • 7.25% Money Market
  • 5.2% Canada
  • 2.08% UK
  • 1.35% Ireland
  • 1.33% France
  • 1.28% Germany
  • 1.09% Netherlands
  • 1% Luxembourg
  • 0.59% New Zealand

Holdings by sector

  • 13.09% Basic Industries
  • 8.8% Capital Goods
  • 8.74% Telecommunications
  • 8.27% Health Care
  • 8.26% Services
  • 7.35% Technology
  • 7.25% Money Market
  • 6.68% Energy
  • 5.95% Media
  • 5.8% Consumer Goods

Holdings by asset type

  • 92.75% US Fixed Interest
  • 7.25% Money Market

Individual holdings

  • 1.76% SPRINT CAPITAL CORP 8.75% BDS 15/3/32 USD1000
  • 1.45% ALLY FINANCIAL INC 8% SNR GTD NTS 01/11/31 USD1000
  • 1.1% ICAHN ENTERPRISES LP 5.875% NTS 01/02/22 USD1000
  • 1.08% ARCELORMITTAL SA 7% BDS 15/10/39 USD1000
  • 1.06% FIRST DATA CORP 7% BDS 01/12/23 USD2000
  • 1.02% DISH DBS CORP 5.875% BDS 15/07/22 USD1000
  • 1% ALTICE SA 7.75% BDS 15/05/22 USD200000
  • 0.94% T-MOBILE US INC 6.375% BDS 01/03/25 USD2000
  • 0.92% KLX INC 5.875% 01-12-2022
  • 0.92% SPRINT CAPITAL CORP 6.875% NTS 15/11/2028 USD1000