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

3.77 %

1 Year rank in sector

7/20

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 95.5 m

FE Risk score

92

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    82.08%
  • Money Market
    4.56%
  • UK
    2.75%
  • Brazil
    1.94%
  • Canada
    1.5%
  • Banks
    15.24%
  • Consumer Goods
    10.74%
  • Basic Industries
    10.64%
  • Insurance
    7.23%
  • Health Care
    6.24%
  • US Fixed Interest
    93.5%
  • Money Market
    4.56%
  • US Government Fixed Interest
    1.16%
  • Property
    0.77%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.29 %1.32 %3.77 %7.1 %0 %
Sector0.03 %0.66 %3.35 %7.74 %11.76 %
Rank within sector11 / 288 / 257 / 205 / 15 /
Quartile th2 nd2 nd2 nd2 nd th

Calendar performance

YTD-20182017201620152014
Fund0.21 %3.92 %6.34 %-3.73 %1.43 %
Sector-0.21 %4 %4.96 %-0.48 %3.44 %
Rank within sector5 / 288 / 204 / 1613 / 1411 / 13
Quartile th1 st2 nd1 st4 th4 th

Risk statistics

Alpha-0.03
Beta0.78
Sharpe-0
Volatility3.9
Tracking error3.46
Information ratio-0.2
R-Squared0.22

Price movement

52 week high109.47
52 week low105.44
Current bid price0
Current offer price0
Current mid price109.39

Holdings by region

  • 82.08% USA
  • 4.56% Money Market
  • 2.75% UK
  • 1.94% Brazil
  • 1.5% Canada
  • 1.05% France
  • 1.05% Netherlands
  • 0.87% Germany
  • 0.68% Belgium
  • 0.64% Mexico

Holdings by sector

  • 15.24% Banks
  • 10.74% Consumer Goods
  • 10.64% Basic Industries
  • 7.23% Insurance
  • 6.24% Health Care
  • 4.93% Capital Goods
  • 4.79% Telecommunications
  • 4.67% Utilities
  • 4.56% Money Market
  • 4.47% Energy

Holdings by asset type

  • 93.5% US Fixed Interest
  • 4.56% Money Market
  • 1.16% US Government Fixed Interest
  • 0.77% Property

Individual holdings

  • 1.14% CVS HEALTH CORP 5.789% BDS 10/01/26 USD1000 `144A`
  • 1.05% BANK OF AMERICA CORP FRN 20/12/23 USD1000 144A
  • 1.02% WHIRLPOOL CORP 2.4% NTS 01/03/19 USD1000
  • 1.01% GE CAPITAL INTERNATIONAL FUNDING CO 2.342% MTN 15/11/20 USD1000
  • 1.01% TYSON FOODS INC(DEL) 3.95% NTS 15/08/24 USD2000
  • 1% TWENTY-FIRST CENTURY FOX INC 8.25% BDS 10/08/18 USD1000
  • 0.93% VALERO ENERGY CORP 6.125% NTS 01/02/20 USD2000
  • 0.9% ZIMMER BIOMET HOLDINGS INC 3.55% 01-04-2025
  • 0.88% PFIZER INC 1.2% BDS 01/06/18 USD2000
  • 0.87% GENERAL MOTORS FINANCIAL CO 3.45% 10-04-2022