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Nordea 1 - European Covered Bond Fund AP EUR
Nordea 1, SICAV (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

The fund's objective is to provide shareholders with investment growth in the medium to long term, while achieving above-market performance. In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment opportunities. The fund mainly invests in European covered bonds. Specifically, the fund invests at least two thirds of total assets in covered bonds that are issued by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. The fund also invests at least two thirds of total assets in debt securities with a rating of AAA/Aaa or lower, but not lower than A-/A3, or equivalent. The fund may invest in, or be exposed to up to 10% in debt securities rated BB+/Ba1 or lower, including unrated securities. The fund's major part of currency exposure is hedged to the base currency, although it may also be exposed (through investments or cash) to other currencies. The fund may use derivatives for hedging (reducing risks), efficient portfolio management and to seek investment gains. A derivative is a financial instrument which derives its value from the value of an underlying asset. The use of derivatives is not cost or risk-free. The fund is subject to Nordea Asset Management's responsible investment policy. Any investor may redeem its shares in the fund on demand, on a daily basis. This fund may not be appropriate for investors who plan to withdraw their money within a period of 3 years. While the fund compares its performance against the Iboxx Euro Covered Total Return Index, it may freely select the securities that it will invest in. The risk characteristics of the fund's portfolio may bear some resemblance to those of the reference index. This share class may pay out distributions once a year after the annual general meeting of the shareholders. The fund is denominated in EUR. Investments in this share class settle as well in EUR.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 18/06/202112.82
Morningstar categoryEUR Corporate Bond
CurrencyEUR
Distribution statusDistributing
ISINLU0733666746
Inception Date05/02/2015
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge0.86% of which 0.30% is paid to MeDirect
Fund management company
AddressNordea Investment Funds SA 562, rue de Neudorf Luxembourg L-2220 Luxembourg
Manager NameHenrik Stille
Manager Start Date30/01/2012
Websitewww.nordea.lu
Total Net Assets (mil)6,720.93 EUR (31/05/2021)
UCITSYes
AdministratorNordea Investment Funds SA

Documents

Prospectus
en 01/03/2021
Annual Report
en 31/12/2020
Semi Annual Report
en 30/06/2020
Morningstar Report
22/06/2021

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year0.19%18/06/2021
3 years2.33%18/06/2021
5 years1.93%18/06/2021
Since launch2.01%18/06/2021
Cumulative performance in EUR
Performance
YTD 01/01/2021-0.81
1 month0.31
3 months-0.04
6 months-0.89
Quarterly Returns
Q 1Q 2Q 3Q 4
2021-0.61%---
20200.86%1.43%0.54%0.31%
20192.19%2.65%1.72%-1.69%
20181.05%0.08%-0.57%0.25%
20170.21%0.33%0.25%0.57%
Dividend
Date ex dividendGross dividendPayment Date
27/04/20210.1230/04/2021
24/04/20200.1530/04/2020
19/03/20190.0726/03/2019
16/03/20180.0923/03/2018
16/03/20170.1223/03/2017
16/03/20160.1923/03/2016

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond114.26%21.57%92.69%
Cash7.26%0.03%7.23%
Other0.08%0.00%0.08%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
1.612.242.05
Sharpe Ratio
0.751.221.21
Sortino Ratio
1.312.642.47
Positive Months6.0022.0037.00
Negative Months6.0014.0023.00
Worst Month-0.84-1.07-1.07
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Short-Term Euro BTP Future June 21 15/06/2023Germany11.16
Nykredit Realkredit A/S 1% 01/07/2025Denmark2.77
Italy (Republic Of) 0% 01/04/2026Italy2.55
Nykredit Realkredit A/S 1% 01/01/2024Denmark2.38
France (Republic Of) 0.7% 25/07/2030France2.29
Swedbank Mortgage AB (publ) 1% 18/06/2025Sweden1.74
Nykredit Realkredit A/S 2% 01/01/2025Denmark1.73
Banca Monte dei Paschi di Siena S.p.A. 0.875% 08/10/2026Italy1.66
Italy (Republic Of) 1.3% 15/05/2028Italy1.50
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
No Data Available
12.82
Closing Price
All key information and documents must be reviewed before being able to Invest.

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.