Fact sheet: Nordea 1 Unconstrnd Bd

Fund information

Fund name
Nordea 1 Unconstrained Bond BP USD
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Dan Roberts
since 05/11/2013
Fund objective
The fund pursues a total return strategy that combines a proven top down analytical framework with a rigorous bottom-up process to eliminate uncompensated risk. The fund seeks to exploit opportunities in the global credit markets, unconstrained by a benchmark, through a process of multi-sector asset allocation strategies. Portfolio returns result from dynamic asset allocation among instruments. The team seeks to deliver positive returns over and throughout a full market cycle while closely monitoring the portfolio to mitigate downside risk. The fund has a duration bandwidth of 0 to 7.
Benchmark
No Specified Index
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

4.55 %

1 Year rank in sector

7/20

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 93.2 m

FE Risk score

91

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    76.76%
  • Money Market
    9.39%
  • UK
    2.91%
  • Brazil
    1.41%
  • Canada
    1.29%
  • Banks
    14.93%
  • Basic Industries
    9.7%
  • Consumer Goods
    9.65%
  • Money Market
    9.39%
  • Insurance
    6.48%
  • Global Corporate Fixed Interest
    97.47%
  • Money Market
    1.4%
  • Global Government Fixed Interest
    1.13%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.06 %1.66 %4.55 %5.6 %0 %
Sector-0.06 %1.43 %4.07 %7.85 %12.69 %
Rank within sector15 / 267 / 237 / 206 / 15 /
Quartile th3 rd2 nd2 nd2 nd th

Calendar performance

YTD-20172016201520142013
Fund3.57 %6.34 %-3.73 %1.43 %0 %
Sector3.77 %4.96 %-0.48 %3.44 %0.01 %
Rank within sector10 / 204 / 1713 / 1411 / 13 /
Quartile th2 nd1 st4 th4 th th

Risk statistics

Alpha-0.41
Beta0.79
Sharpe-0
Volatility3.96
Tracking error3.48
Information ratio-0.28
R-Squared0.24

Price movement

52 week high108.96
52 week low104.12
Current bid price0
Current offer price0
Current mid price108.79

Holdings by region

  • 76.76% USA
  • 9.39% Money Market
  • 2.91% UK
  • 1.41% Brazil
  • 1.29% Canada
  • 1.15% France
  • 1.05% Germany
  • 1.02% Netherlands
  • 0.67% New Zealand
  • 0.65% Belgium

Holdings by sector

  • 14.93% Banks
  • 9.7% Basic Industries
  • 9.65% Consumer Goods
  • 9.39% Money Market
  • 6.48% Insurance
  • 5.3% Health Care
  • 5.19% Capital Goods
  • 5.13% Telecommunications
  • 4.43% Energy
  • 4.32% Services

Holdings by asset type

  • 97.47% Global Corporate Fixed Interest
  • 1.4% Money Market
  • 1.13% Global Government Fixed Interest

Individual holdings

  • 1.12% CVS HEALTH CORP 5.789% BDS 10/01/26 USD1000 `144A`
  • 1.01% BANK OF AMERICA CORP 7.625% BDS 01/06/19 USD1000
  • 0.98% GE CAPITAL INTERNATIONAL FUNDING CO 2.342% MTN 15/11/20 USD1000
  • 0.98% WHIRLPOOL CORP 2.4% NTS 01/03/19 USD1000
  • 0.96% TWENTY-FIRST CENTURY FOX INC 8.25% BDS 10/08/18 USD1000
  • 0.96% TYSON FOODS INC(DEL) 3.95% NTS 15/08/24 USD2000
  • 0.9% VALERO ENERGY CORP 6.125% NTS 01/02/20 USD2000
  • 0.87% ZIMMER BIOMET HOLDINGS INC 3.55% 01-04-2025
  • 0.84% PFIZER INC 1.2% BDS 01/06/18 USD2000
  • 0.84% SANTANDER HOLDINGS USA INC 2.65% 17-04-2020