Fact sheet: Nordea 1 US Tot Ret Bd

Fund information

Fund name
Nordea 1 US Total Return Bond AP GBP
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Jeffrey Gundlach
since 25/09/2012
Fund objective
The fund seeks to identify investment opportunities within and across subsectors of the mortgage market. This fund shall regularly invest at least 2/3 of its total assets in bonds and debt instruments issued by public or private borrowers domiciled or exercising the predominant part of their activity in the United States of America or its territories. The major part of these bonds and debt instruments (at least 50%) shall however: (i) either be issued, guaranteed, or secured by a collateral guaranteed, by the Government of the United States of America or any of its agencies, instrumentalities or sponsored corporations; or (ii) consist of privately issued mortgage-backed securities that are rated at least AA- by Standard & Poor’s or the equivalent by Moody’s or Fitch. Within the remaining 1/3 of its total assets, the fund will invest in bonds and debt securities of lower credit quality (i.e. unrated or rated BB+ or lower by Standard & Poor’s and the equivalent by Moody's or Fitch).
Benchmark
No Specified Index
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

-2.39 %

1 Year rank in sector

12/12

Sector

FO Fixed Int - USD Securitised

Yield
-
Fund size

£ 2.1 b

FE Risk score

20

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    93.04%
  • Money Market
    5.94%
  • Cayman Islands
    1.02%
  • AA
    57.66%
  • CCC-
    10.56%
  • CCC
    8.55%
  • AAA
    8.38%
  • Money Market
    5.94%
  • US Fixed Interest
    93.04%
  • Money Market
    5.94%
  • American Emerging Fixed Interest
    1.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-1.31 %-4.68 %-2.39 %23.74 %33.2 %
Sector-0.07 %0.4 %2.1 %3.31 %5.98 %
Rank within sector12 / 1212 / 1212 / 121 / 71 / 5
Quartile th4 th4 th4 th1 st1 st

Calendar performance

YTD-20172016201520142013
Fund-4.92 %21.57 %6.04 %13.03 %-3.79 %
Sector1.94 %3.2 %-1.81 %5.29 %-2.49 %
Rank within sector12 / 121 / 81 / 71 / 55 / 5
Quartile th4 th1 st1 st1 st4 th

Risk statistics

Alpha6.69
Beta1.01
Sharpe0.33
Volatility10.94
Tracking error10.73
Information ratio0.57
R-Squared0.03

Price movement

52 week high81.12
52 week low72.95
Current bid price0
Current offer price0
Current mid price73.94

Holdings by region

  • 93.04% USA
  • 5.94% Money Market
  • 1.02% Cayman Islands

Holdings by sector

  • 57.66% AA
  • 10.56% CCC-
  • 8.55% CCC
  • 8.38% AAA
  • 5.94% Money Market
  • 3.2% Non-Rated
  • 3.16% A
  • 1.36% BBB
  • 0.91% BB
  • 0.28% B

Holdings by asset type

  • 93.04% US Fixed Interest
  • 5.94% Money Market
  • 1.02% American Emerging Fixed Interest

Individual holdings

  • 2.9% Freddie Mac Gold Pool 3.5% 01-02-2046
  • 2.83% Fannie Mae REMICS 2.5% 25-11-2045
  • 2.58% Freddie Mac Gold Pool 3% 01-02-2045
  • 2.28% Freddie Mac Gold Pool 3% 01-01-2045
  • 2.05% Fannie Mae Pool 4% 01-12-2044
  • 1.82% Freddie Mac Gold Pool 3% 01-04-2045
  • 1.69% HarborView Mortgage Loan Tru FRN 25-01-2047
  • 1.52% Fannie Mae Pool 3% 01-08-2046
  • 1.32% Freddie Mac Gold Pool 3% 01-04-2045
  • 1.29% Freddie Mac REMICS 3% 15-09-2044