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

4.01 %

1 Year rank in sector

4/18

Sector

FO Fixed Int - USD

Yield
-
Fund size

£ 97.6 m

FE Risk score

83

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    76.34%
  • Money Market
    10.48%
  • UK
    2.43%
  • Germany
    1.53%
  • Canada
    1.32%
  • Banks
    14.14%
  • Money Market
    10.48%
  • Consumer Goods
    9.88%
  • Basic Industries
    8.84%
  • Insurance
    6.33%
  • US Fixed Interest
    87.96%
  • Money Market
    10.48%
  • US Government Fixed Interest
    1.07%
  • Property
    0.49%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.08 %1.7 %4.01 %2.44 %0 %
Sector0.34 %2.44 %2.31 %7.34 %14.03 %
Rank within sector19 / 2016 / 194 / 189 / 13 /
Quartile th4 th4 th1 st3 rd th

Calendar performance

YTD-20172016201520142013
Fund2.69 %6.34 %-3.73 %1.43 %0 %
Sector3.45 %4.96 %-0.48 %3.44 %0.01 %
Rank within sector13 / 185 / 1513 / 1411 / 13 /
Quartile th3 rd2 nd4 th4 th th

Risk statistics

Alpha-0.9
Beta0.89
Sharpe-0
Volatility4.16
Tracking error3.5
Information ratio-0.34
R-Squared0.29

Price movement

52 week high108.17
52 week low103.35
Current bid price0
Current offer price0
Current mid price107.87

Holdings by region

  • 76.34% USA
  • 10.48% Money Market
  • 2.43% UK
  • 1.53% Germany
  • 1.32% Canada
  • 1.17% Brazil
  • 1.15% France
  • 1.03% Netherlands
  • 0.67% New Zealand
  • 0.66% Belgium

Holdings by sector

  • 14.14% Banks
  • 10.48% Money Market
  • 9.88% Consumer Goods
  • 8.84% Basic Industries
  • 6.33% Insurance
  • 5.67% Telecommunications
  • 5.53% Health Care
  • 4.5% Energy
  • 4.21% Utilities
  • 4.2% Financial Services

Holdings by asset type

  • 87.96% US Fixed Interest
  • 10.48% Money Market
  • 1.07% US Government Fixed Interest
  • 0.49% 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