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

4.22 %

1 Year rank in sector

4/18

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 101.2 m

FE Risk score

91

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    75.9%
  • Money Market
    11.07%
  • UK
    2.39%
  • Germany
    1.51%
  • Canada
    1.31%
  • Banks
    13.89%
  • Money Market
    11.07%
  • Consumer Goods
    9.64%
  • Basic Industries
    8.73%
  • Insurance
    6.27%
  • US Fixed Interest
    87.87%
  • Money Market
    11.07%
  • US Government Fixed Interest
    1.06%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.59 %2.51 %4.22 %6.41 %0 %
Sector0.15 %1.9 %2.11 %7.97 %12.59 %
Rank within sector4 / 236 / 204 / 184 / 12 /
Quartile th1 st2 nd1 st2 nd th

Calendar performance

YTD-20172016201520142013
Fund3.64 %6.34 %-3.73 %1.43 %0 %
Sector3.88 %4.96 %-0.48 %3.44 %0.01 %
Rank within sector10 / 184 / 1511 / 129 / 11 /
Quartile th3 rd2 nd4 th4 th th

Risk statistics

Alpha-0.38
Beta0.8
Sharpe-0
Volatility3.97
Tracking error3.48
Information ratio-0.27
R-Squared0.24

Price movement

52 week high108.84
52 week low103.74
Current bid price0
Current offer price0
Current mid price108.86

Holdings by region

  • 75.9% USA
  • 11.07% Money Market
  • 2.39% UK
  • 1.51% Germany
  • 1.31% Canada
  • 1.17% Brazil
  • 1.14% France
  • 1.01% Netherlands
  • 0.66% New Zealand
  • 0.65% Belgium

Holdings by sector

  • 13.89% Banks
  • 11.07% Money Market
  • 9.64% Consumer Goods
  • 8.73% Basic Industries
  • 6.27% Insurance
  • 5.76% Health Care
  • 5.39% Telecommunications
  • 4.89% Capital Goods
  • 4.41% Energy
  • 4.4% Services

Holdings by asset type

  • 87.87% US Fixed Interest
  • 11.07% Money Market
  • 1.06% US Government Fixed Interest

Individual holdings

  • 1.13% CVS HEALTH CORP 5.789% BDS 10/01/26 USD1000 `144A`
  • 0.97% GE CAPITAL INTERNATIONAL FUNDING CO 2.342% MTN 15/11/20 USD1000
  • 0.97% 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
  • 0.89% VALERO ENERGY CORP 6.125% NTS 01/02/20 USD2000
  • 0.87% ZIMMER BIOMET HOLDINGS INC 3.55% 01-04-2025
  • 0.83% PFIZER INC 1.2% BDS 01/06/18 USD2000
  • 0.83% SANTANDER HLDGS USA INC 2.65% BDS 17/04/20 USD2000
  • 0.82% GENERAL MOTORS FINANCIAL CO 3.45% 10-04-2022