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
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

4.23 %

1 Year rank in sector

4/18

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 96.8 m

FE Risk score

85

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    80.87%
  • Money Market
    6.15%
  • UK
    2.51%
  • Germany
    1.59%
  • Canada
    1.37%
  • Banks
    14.35%
  • Consumer Goods
    10.23%
  • Basic Industries
    9.14%
  • Insurance
    6.97%
  • Money Market
    6.15%
  • US Fixed Interest
    92.7%
  • Money Market
    6.15%
  • US Government Fixed Interest
    0.65%
  • Property
    0.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.49 %2.42 %4.71 %3.33 %0 %
Sector0.27 %2.61 %2.49 %7.14 %13.71 %
Rank within sector4 / 209 / 184 / 189 / 14 /
Quartile th1 st2 nd1 st3 rd th

Calendar performance

YTD-20172016201520142013
Fund2.81 %6.34 %-3.73 %1.43 %0 %
Sector3.12 %4.96 %-0.48 %3.44 %0.01 %
Rank within sector12 / 186 / 1613 / 1412 / 14 /
Quartile th3 rd2 nd4 th4 th th

Risk statistics

Alpha-1.16
Beta0.91
Sharpe-0
Volatility4.19
Tracking error3.52
Information ratio-0.4
R-Squared0.3

Price movement

52 week high107.99
52 week low102.44
Current bid price0
Current offer price0
Current mid price107.99

Holdings by region

  • 80.87% USA
  • 6.15% Money Market
  • 2.51% UK
  • 1.59% Germany
  • 1.37% Canada
  • 1.2% Brazil
  • 1.17% France
  • 1.07% Netherlands
  • 0.76% Bermuda
  • 0.71% New Zealand

Holdings by sector

  • 14.35% Banks
  • 10.23% Consumer Goods
  • 9.14% Basic Industries
  • 6.97% Insurance
  • 6.15% Money Market
  • 5.89% Telecommunications
  • 5.73% Health Care
  • 5.28% Energy
  • 4.56% Automotive
  • 4.47% Media

Holdings by asset type

  • 92.7% US Fixed Interest
  • 6.15% Money Market
  • 0.65% US Government Fixed Interest
  • 0.5% Property

Individual holdings

  • 1.22% CVS HEALTH CORP 5.789% BDS 10/01/26 USD1000 `144A`
  • 1.03% TWENTY-FIRST CENTURY FOX INC 8.25% BDS 10/08/18 USD1000
  • 1.03% WHIRLPOOL CORP 2.4% NTS 01/03/19 USD1000
  • 1.02% GE CAPITAL INTERNATIONAL FUNDING CO 2.342% MTN 15/11/20 USD1000
  • 1% TYSON FOODS INC(DEL) 3.95% NTS 15/08/24 USD2000
  • 0.95% VALERO ENERGY CORP 6.125% NTS 01/02/20 USD2000
  • 0.9% ZIMMER BIOMET HLDGS INC 3.55% BDS 01/04/25 USD2000
  • 0.88% PFIZER INC 1.2% BDS 01/06/18 USD2000
  • 0.87% SANTANDER HLDGS USA INC 2.65% BDS 17/04/20 USD2000
  • 0.87% SPRINT SPECTRUM CO LLC 3.36% NTS 20/03/23 USD1000 2016-1 A1