February 2021
Advertising Material
Nordea 1, SICAV
Monthly Report
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Alpha 10 MA Fund
Cumulative Annualized
Year To Date -1.60
1 month -0.77
3 months -1.22
1 year 7.02 7.02
3 years 7.02 2.29
5 years 21.37 3.95
Since launch 29.50 2.29
Key Figures Fund
Volatility in %** 6.25
Sharpe Ratio** 0.42
Parametric VaR (20d,99%)*** 4.79
Effective Duration 0.42
Discrete Year
Performance (indexed at 100)
Multi Assets Team
Launch date 30/09/2009
ISIN LU0445386369
Sedol B4TMSZ5
WKN A0YHE7
Bloomberg ticker NORMABP LX
Number of holdings 170
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.700Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
12.95
3,731.02
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Source: MSCI RiskManager**** As a % of total assetsWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.With effect as of 23/10/2017 the sub-fund is renamed from Nordea 1 - Multi-Asset Fund to Nordea 1 - Alpha 10 MA Fund.Performances are in EUR
Exposure by Asset Class (%) **** Long Short Gross Net
Equity 88.94 -48.77 137.71 40.17
Fixed Income 43.25 -18.28 61.53 24.96
Fx Forward 36.51 -102.00 138.52 -65.49
Net Liquid Asset 23.44 -0.13 23.57 23.31
Total 192.14 -169.19 361.33 22.95
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Equity 27.27
SAA Risk Balancing 27.27
X - Asset 18.18
Currency 9.09
Fixed Income 9.09
Trading 9.09
SuperStrategy
Risk budget allocation in %
The fund aims to generate a return of cash + 5-7% (gross of fees) p.a. over a full investment cycle with a volatility between 7-10% p.a. The fund uses numerous types low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will typically implement some of the different investment strategies through pair trades and/or long/short positions across the different investable asset classes. In other words, the fund may combine a long position that is (partly) offset by a short position. Over time, the fund is aiming to build a largely market neutral portfolio.
Investment Strategy
3
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Alpha 15 MA Fund
Cumulative Annualized
Year To Date -2.16
1 month -1.03
3 months -1.46
1 year 12.38 12.38
3 years 16.20 5.13
5 years 46.55 7.94
Since launch 79.88 6.24
Key Figures Fund
Volatility in %** 9.27
Sharpe Ratio** 0.59
Parametric VaR (20d,99%)*** 7.20
Effective Duration 0.48
Discrete Year
Performance (indexed at 100)
Multi Assets Team
Launch date 15/06/2011
ISIN LU0607983383
Sedol B45ZP79
WKN A1JHT2
Bloomberg ticker NMAPBIE LX
Number of holdings 170
Share class BI-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.200Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 0.00
No / No
AccumulatingFund category
Swing factor / Threshold
89.94
2,976.94
75,000
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Source: MSCI RiskManager**** As a % of total assetsWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.With effect as of 23/10/2017 the sub-fund is renamed from Nordea 1 - Alpha 15 to Nordea 1 - Alpha 15 MA Fund.Performances are in EUR
Exposure by Asset Class (%) **** Long Short Gross Net
Equity 148.72 -88.10 236.82 60.63
Fixed Income 47.76 -27.63 75.39 20.14
Fx Forward 71.65 -141.92 213.58 -70.27
Net Liquid Asset 27.87 0.00 27.87 27.87
Total 296.01 -257.65 553.66 38.36
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Equity 27.27
SAA Risk Balancing 27.27
X - Asset 18.18
Currency 9.09
Fixed Income 9.09
Trading 9.09
SuperStrategy
Risk budget allocation in %
The fund aims to generate a return of cash + 7-10% (gross of fees) p.a. over a full investment cycle with a volatility between 10-15% p.a. The fund uses numerous types low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will typically implement some of the different investment strategies through pair trades and/or long/short positions across the different investable asset classes. In other words, the fund may combine a long position that is (partly) offset by a short position. Over time, the fund is aiming to build a largely market neutral portfolio.
Investment Strategy
4
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Alpha 7 MA Fund
Cumulative Annualized
Year To Date -1.14
1 month -0.57
3 months -0.96
1 year 3.85 3.85
3 years
5 years
Since launch 4.98 1.77
Key Figures Fund
Volatility in %**
Sharpe Ratio**
Parametric VaR (20d,99%)*** 3.31
Effective Duration 0.35
Discrete Year
Performance (indexed at 100)
Multi Assets Team
Launch date 23/05/2018
ISIN LU1807426207
Sedol BF50T79
WKN A2JNKR
Bloomberg ticker NOA7BPE LX
Number of holdings 170
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
104.98
353.73
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Source: MSCI RiskManager**** As a % of total assetsWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.Performances are in EUR
Exposure by Asset Class (%) **** Long Short Gross Net
Equity 61.94 -34.12 96.06 27.82
Fixed Income 37.33 -12.76 50.08 24.57
Fx Forward 24.69 -92.53 117.22 -67.84
Net Liquid Asset 20.10 0.00 20.10 20.10
Total 144.06 -139.40 283.46 4.66
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Equity 27.27
SAA Risk Balancing 27.27
X - Asset 18.18
Currency 9.09
Fixed Income 9.09
Trading 9.09
SuperStrategy
Risk budget allocation in %
The fund aims to generate a return of cash + 4-5% (gross of fees) p.a. over a full investment cycle with a volatility between 5-7% p.a. The fund uses numerous types low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will typically implement some of the different investment strategies through pair trades and/or long/short positions across the different investable asset classes. In other words, the fund may combine a long position that is (partly) offset by a short position. Over time, the fund is aiming to build a largely market neutral portfolio.
Investment Strategy
5
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Asia ex Japan Equity Fund
Cumulative Fund Benchmark*
Year To Date 6.40 5.38
1 month 0.17 1.25
3 months 12.93 12.54
1 year 50.28 41.95
3 years 41.96 30.42
5 years 151.00 117.69
Since launch 302.60 262.66
Key Figures Fund Benchmark*
Annualised return in %** 12.39 9.26
Volatility in %** 18.66 17.97
Alpha in %** 3.12
Beta** 1.00
Sharpe Ratio** 0.56 0.41
Correlation** 0.96
Information ratio** 0.64
Tracking error in %** 4.91
Discrete Year
Performance (indexed at 100)
Manulife Investment Management (Hong Kong) Limited
Launch date 07/01/1994
ISIN LU0064675985
Sedol 4394226
WKN 973349
Bloomberg ticker FRTFEEI LX
Number of holdings 76
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
40.26
145.15
0
* MSCI AC Asia ex Japan - Net Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 30/10/2013. The past performance data shown prior to that date is related to the sub-fund's previous reference index, MSCI AC Far East ex. Japan - Net Return Index.This reference index is used for performance comparison purposes.With effect as of 13/11/2019 the sub-fund is renamed from Nordea 1 - Asian Focus Equity Fund to Nordea 1 - Asia ex Japan Equity Fund.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 41.11
Taiwan 18.09
South Korea 15.35
India 7.46
Hong Kong 5.19
Singapore 2.40
Thailand 2.25
Indonesia 2.06
Other 3.63
Net Liquid Assets 2.47
Country Fund
Information Technology 31.27
Consumer Discretionary 21.56
Communication Services 12.80
Financials 8.81
Industrials 7.81
Materials 5.30
Consumer Staples 4.48
Health Care 2.26
Other 3.24
Net Liquid Assets 2.47
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Taiwan Semiconductor Manufacturing Taiwan Information Technology 8.63
Samsung Electronics South Korea Information Technology 7.91
Alibaba Group Holding China Consumer Discretionary 7.63
Tencent Holdings China Communication Services 7.20
China Merchants Bank China Financials 2.23
Baidu ADR China Communication Services 2.09
New Oriental Education & Technology Group ADR China Consumer Discretionary 1.89
Trip.com Group ADR China Consumer Discretionary 1.67
NARI Technology China Industrials 1.66
Sany Heavy Industry China Industrials 1.63
This Sub-fund aims to preserve Shareholder’s capital and to provide an adequate rate of return on the investment by investing in Asian stocks. The Sub-fund is managed in accordance with the International Focus Equities Concept, an investment process which focuses on in-depth analysis of company fundamentals when selecting an investment target. The process seeks to identify attractively valued equities of companies with strong fundamentals. The process focuses on equities which, in the portfolio manager's view, are undervalued in relation to the company´s ability to generate cash flow over the long term.
Investment Strategy
6
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Asian Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date
1 month
3 months
1 year
3 years
5 years
Since launch
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Discrete Year
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Performance (indexed at 100)
Fundamental Equities Team
Launch date 28/04/2020
ISIN LU2152927971
Sedol BMZ7RW0
WKN A2P3TS
Bloomberg ticker NO1ASBP LX
Number of holdings 31
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
167.22
253.80
0
* MSCI AC Asia ex Japan - Net Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 40.58
Taiwan 16.87
India 16.09
South Korea 13.54
Hong Kong 7.86
Indonesia 3.07
Netherlands 0.96
Net Liquid Assets 1.03
Country Fund
Information Technology 31.48
Financials 27.57
Consumer Discretionary 15.77
Communication Services 12.53
Consumer Staples 6.47
Health Care 2.40
Materials 1.67
Industrials 1.08
Net Liquid Assets 1.03
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Taiwan Semiconductor Manufacturing Taiwan Information Technology 9.54
Tencent Holdings China Communication Services 9.07
Alibaba Group Holding China Consumer Discretionary 8.82
Samsung Electronics South Korea Information Technology 8.73
Ping An Insurance Group Co of China China Financials 4.88
AIA Group Hong Kong Financials 4.69
Meituan China Consumer Discretionary 3.98
China Merchants Bank China Financials 3.87
Hong Kong Exchanges & Clearing Hong Kong Financials 3.17
Bank Rakyat Indonesia Persero Indonesia Financials 3.07
This sub-fund aims to achieve long-term capital growth by investing mainly in a diversified portfolio of equity or equities related securities of companies, which are domiciled or exercise the predominant part of their economic activity in Asia, excluding Japan. The fund is managed by the Fundamental Equities Team, based in Copenhagen, focusing on fundamental bottom-up research. Alpha is generated through stock selection and by actively incorporating an ESG based analysis as part of the investment process.
Investment Strategy
7
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Asian Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 84% / 98%
Benchmark: MSCI AC Asia ex Japan - Net Return Index
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
61Benchmark
196
-69%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
8
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Balanced Income Fund
Cumulative Annualized
Year To Date -1.67
1 month -1.47
3 months -2.00
1 year 1.48 1.48
3 years 5.03 1.65
5 years 6.22 1.21
Since launch 13.41 1.41
Key Figures Fund Benchmark*
Annualised return in %** 1.65 -0.43
Volatility in %** 3.23 0.02
Effective Duration 1.93
Effective Yield in % 0.14
Weighted Average Rating AA+
Discrete Year
Multi Assets Team
Launch date 22/02/2012
ISIN LU0634509953
Sedol B74CWW6
WKN A1JYYS
Bloomberg ticker NCDSBPE LX
Number of holdings 256
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.200Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
113.41
569.05
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Rebased to 100% for illustrative purpose**** for entire portfolio including derivativesWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.With effect as of 23/10/2017 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 23/10/2017 the sub-fund is renamed from Nordea 1 - Flexible Fixed Income Plus Fund to Nordea 1 - Balanced Income Fund.Performances are in EUR
Performance (indexed at 100)
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Net Equity Exposure 16.83%
Short Duration -60.58%
Credit HY 0.58%
Other Government Bonds 2.74%
Cash 2.80%
Emerging Market Debt 9.47%
Equity Beta 16.83%
Covered bonds 34.08%
Credit IG 49.10%
High Quality Government Bonds 69.21%
Gross exposure ****
EURO 102.71%
USD 22.64%
Emerging Markets 2.21%
Developed, non EURO -27.56%
Currency Exposure ****
Security Name Weight
Realkredit Danmark 1% 04-01-2022 SDRO AR T 6.93
Bundesschatzanweisungen 0.000000% 10-09-2021 6.20
United States Treasury Infla 0.25% 15-07-2029 5.66
United States Treasury Infla 0.5% 15-01-2028 5.29
Bundesrepublik Deutschland B 0.000000% 15-08-2029 4.65
Bundesschatzanweisungen 0.000000% 10-06-2022 4.42
United States Treasury Infla 0.75% 15-07-2028 4.14
United States Treasury Note/ 2% 31-05-2024 3.93
Nykredit Realkredit 1% 04-01-2022 SDO AR H 3.05
Bundesschatzanweisungen 0.000000% 16-09-2022 2.85
Geograph. Mod. Duration Fund
Others 1.05
United States 0.57
Europe ex-UK 0.27
United Kingdom 0.05
Total 1.93
Top Holdings in %Rating *** Fund
AAA 90.29
AA 4.17
A 0.72
BBB 0.68
BB 0.01
B
CCC
<CCC
NR 4.13
The fund offers a robust diversification across fixed income asset classes and regions with a limited exposure to equities. Using active management, the fund aims to preserve capital and provide positive returns in excess of cash over an investment cycle. The objective is to build an unconstrained balanced product, designed to address a constantly changing environment in financial markets, such as interest rates fall and rise as well as changes in credit spreads and equity volatility. The fund will use active currency management to mitigate risk without reducing the return expectancy.
Investment Strategy
9
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Chinese Equity Fund
Cumulative Fund Benchmark*
Year To Date 7.99 5.67
1 month 0.70 -0.40
3 months 13.64 10.54
1 year 63.91 44.41
3 years 53.23 39.10
5 years 170.65 144.95
Since launch 138.17 117.32
Key Figures Fund Benchmark*
Annualised return in %** 15.29 11.63
Volatility in %** 19.93 18.50
Alpha in %** 3.29
Beta** 1.04
Sharpe Ratio** 0.67 0.53
Correlation** 0.96
Information ratio** 0.68
Tracking error in %** 5.41
Discrete Year
Performance (indexed at 100)
Manulife Investment Management
Launch date 05/12/2013
ISIN LU0975278572
Sedol BH65Q32
WKN A1W72R
Bloomberg ticker NOCEBPU LX
Number of holdings 57
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
237.79
462.93
0
* MSCI China 10/40 - Net Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 05/05/2020. The past performance data shown prior to that date is related to the sub-fund's previous reference index, MSCI Golden Dragon Index - Net Total Return Index.This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 86.73
Hong Kong 3.77
United States 2.37
Taiwan 1.52
Net Liquid Assets 5.62
Country Fund
Consumer Discretionary 28.37
Communication Services 15.54
Information Technology 11.08
Financials 9.92
Industrials 8.37
Health Care 6.86
Materials 5.46
Real Estate 4.62
Other 4.18
Net Liquid Assets 5.62
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Tencent Holdings China Communication Services 7.14
Alibaba Group Holding ADR China Consumer Discretionary 6.17
Meituan China Consumer Discretionary 4.97
China Merchants Bank China Financials 3.23
Ping An Insurance Group Co of China China Financials 2.78
Hong Kong Exchanges & Clearing Hong Kong Financials 2.72
Baidu ADR China Communication Services 2.70
Pinduoduo ADR China Consumer Discretionary 2.68
Hongfa Technology China Industrials 2.27
New Oriental Education & Technology Group ADR China Consumer Discretionary 2.02
This Sub-fund aims to achieve long-term capital growth by investing in Chinese stocks (PRC, Hong Kong and Taiwan). The Sub-fund is managed in accordance with the International Focus Equities Concept, an investment process which focuses on in-depth analysis of company fundamentals when selecting an investment target. The process seeks to identify attractively valued equities of companies with strong fundamentals. The process focuses on equities which, in the portfolio manager's view, are undervalued in relation to the company´s ability to generate cash flow over the long term.
Investment Strategy
10
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Conservative Fixed Income Fund
Cumulative Annualized
Year To Date
1 month
3 months
1 year
3 years
5 years
Since launch
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Effective Duration 1.25
Effective Yield in % 0.36
Weighted Average Rating AAA
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Discrete Year
Multi Assets Team
Launch date 14/05/2020
ISIN LU2166350277
Sedol BLBPXP6
WKN A2P4C6
Bloomberg ticker NCFIBPE LX
Number of holdings 188
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.175Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
100.16
122.42
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.Performances are in EUR
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Performance (indexed at 100)
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Short Duration -54.47%
Other Government Bonds 3.02%
Cash 3.37%
Credit HY 4.52%
Emerging Market Debt 4.87%
Credit IG 26.03%
Covered bonds 31.72%
High Quality Government Bonds 64.59%
Gross exposure
EURO 89.22%
USD 9.48%
Emerging Markets 1.06%
Developed, non EURO 0.25%
Currency Exposure
Security Name Weight
Bundesschatzanweisungen 0.000000% 10-06-2022 14.82
Bundesschatzanweisungen 0.000000% 11-03-2022 4.83
United States Treasury Infla 0.75% 15-07-2028 4.48
Realkredit Danmark 1% 04-01-2022 SDRO AR T 4.46
Nykredit Realkredit 1% 01-01-2022 SDO A H 4.28
Bundesobligation 0.000000% 11-04-2025 4.11
Nykredit Realkredit 1% 04-01-2022 SDO AR H 4.01
Bundesschatzanweisungen 0.000000% 15-12-2022 3.63
Bundesobligation 0.000000% 07-10-2022 3.47
Bundesobligation 0.000000% 08-04-2022 3.45
Geograph. Mod. Duration Fund
Other 0.71
United States 0.35
Europe (Ex UK) 0.16
United Kingdom 0.03
Total 1.25
Top Holdings in %
Rating Fund
AAA 93.66
AA 3.64
A 0.14
BBB 0.59
BB 0.01
B
CCC
<CCC
NR 1.96
The fund offers a robust diversification across fixed income asset classes and regions. Using active management, the fund aims to preserve capital and provide positive returns in excess of cash over an investment cycle. The objective is to build an unconstrained bond product with low risk.
Investment Strategy
11
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Danish Covered Bond Fund
Cumulative Fund Benchmark*
Year To Date -2.55 -1.19
1 month -2.26 -0.98
3 months -2.33 -1.28
1 year -2.70 -2.27
3 years 3.14 1.83
5 years 8.25 1.55
Since launch 138.98 155.09
Key Figures Fund Benchmark*
Annualised return in %** 1.04 0.61
Volatility in %** 2.83 1.85
Year to maturity 22.85
Effective Duration 4.70
Effective Yield in % 0.98
Correlation** 0.88
Information ratio** 0.29
Tracking error in %** 1.49
Discrete Year
Performance (indexed at 100)
Danish Fixed Income Team
Launch date 21/02/1997
ISIN LU0076315968
Sedol 5206847
WKN 986766
Bloomberg ticker FRODMBF LX
Number of holdings 103
Share class BP-DKK
Last NAV
AUM (Million DKK)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
238.98
8,356.54
0
* 75% Nordea DK Govt CM 5Y and 25% Nordea DK Govt CM 3Y (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is 75% Nordea DK Govt CM 5Y and 25% Nordea DK Govt CM 3Y. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against 75% Nordea DK Govt CM 5Y and 25% Nordea DK Govt CM 3Y. This reference index is used for performance comparison purposes.With effect as of 19/06/2019 the sub-fund is renamed from Nordea 1 - Danish Mortgage Bond Fund to Nordea 1 - Danish Covered Bond Fund.Performances are in DKK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Covered Bonds 95.11
Government Bonds 1.93
Net Liquid Assets 2.96
Asset Type Fund
AAA 96.98
AA
A
BBB
BB
B
CCC
<CCC
NR 0.07
Net Liquid Assets 2.96
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Jyske Realkredit A/S 1% 10-01-2050 SDO E Covered Bonds AAA 10.22
Realkredit Danmark 1% 10-01-2050 SDRO S Covered Bonds AAA 8.49
Nykredit Realkredit 1% 10-01-2050 SDO E Covered Bonds AAA 6.04
Nordea Kredit 1% 10-01-2050 SDRO 2 Covered Bonds AAA 5.60
Jyske Realkredit A/S 1% 10-01-2053 Covered Bonds AAA 5.44
Nykredit Realkredit 2% 01-01-2025 SDO A H Covered Bonds AAA 4.70
DLR Kredit 1% 10-01-2022 SDO A B Covered Bonds AAA 4.28
Nordea Kredit 2% 10-01-2047 SDRO 2 Covered Bonds AAA 3.46
Nykredit Realkredit 2% 10-01-2047 SDO E Covered Bonds AAA 3.36
DNB Boligkreditt AS 0.625% 14-01-2026 Covered Bonds AAA 2.79
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Denmark. Investments are made primarily in callable Danish mortgage backed bonds listed on the Copenhagen Stock Exchange. The holdings of Danish mortgage backed bonds in the Sub-fund will typically have high coupons in comparison with the general yield level of bonds with similar durations. Investments in Danish government bonds listed on the Copenhagen Stock Exchange are also permitted.
Investment Strategy
12
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Market Bond Fund
Cumulative Fund Benchmark*
Year To Date -3.68 -3.61
1 month -2.52 -2.55
3 months -1.54 -1.78
1 year -0.38 0.91
3 years 8.90 14.06
5 years 31.85 33.41
Since launch 51.40 58.39
Key Figures Fund Benchmark*
Annualised return in %** 2.88 4.48
Volatility in %** 14.58 10.79
Year to maturity 15.03
Effective Duration 8.62
Effective Yield in % 4.82
Correlation** 0.99
Information ratio** -0.39
Tracking error in %** 4.15
Discrete Year
Performance (indexed at 100)
PGIM Inc.
Launch date 30/05/2012
ISIN LU0772926670
Sedol B8972K1
WKN A1J0GT
Bloomberg ticker NEMBBPU LX
Number of holdings 491
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
151.40
1,821.05
0
* JP Morgan Emerging Markets Bond Index Global Diversified (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
AAA
AA 4.22
A 5.14
BBB 30.29
BB 17.88
B 26.89
CCC 8.18
<CCC 1.31
NR 3.54
Net Liquid Assets 2.55
Rating Fund
Sovereigns 67.28
Quasi-Sovereigns 23.68
Corporates 6.49
Net Liquid Assets 2.55
Foreign Agencies 0.00
Asset Type
Top Holdings in %
Security Name Asset Type Rating Weight
Qatar Government Internation 5.103% 23-04-2048 Government Bonds AA 1.61
Argentine Republic Governmen MULTI 09-07-2030 Government Bonds CCC 1.35
1MDB Global Investments Ltd 4.4% 09-03-2023 Corporate Bonds NR 1.32
Petroleos Mexicanos 6.5% 13-03-2027 Corporate Bonds BBB 1.22
Dominican Republic Internati 7.45% 30-04-2044 Government Bonds BB 1.21
Qatar Government Internation 4.817% 14-03-2049 Government Bonds AA 1.04
Ukraine Government Internati 9.75% 01-11-2028 Government Bonds B 0.99
Saudi Government Internation 5.25% 16-01-2050 Government Bonds A 0.95
Angolan Government Internati 9.5% 12-11-2025 Government Bonds CCC 0.95
Petroleos Mexicanos 6.5% 02-06-2041 Corporate Bonds BBB 0.86
The fund mainly invests in Emerging Markets bonds labelled in hard currency (like USD) of sovereign and quasi-sovereign entities. An active research-based management style is applied tailored to generate alpha through strong country allocation and security selection based on the global risk appetite, countries’ fundamentals, relative value and technicals, and proprietary tools.
Investment Strategy
13
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Market Bond Opportunities Fund
Cumulative Fund Benchmark*
Year To Date -4.03 -3.66
1 month -2.74 -2.61
3 months -0.82 -1.07
1 year 0.41 2.46
3 years 2.67 8.01
5 years 29.05 32.68
Since launch 15.77 23.81
Key Figures Fund Benchmark*
Annualised return in %** 0.88 2.60
Volatility in %** 14.65 10.99
Year to maturity 12.15
Effective Duration 7.51
Effective Yield in % 5.26
Correlation** 0.99
Information ratio** -0.42
Tracking error in %** 4.08
Discrete Year
Performance (indexed at 100)
PGIM Inc.
Launch date 03/09/2012
ISIN LU0772920129
Sedol B8NZT22
WKN A1J3ST
Bloomberg ticker NEBLBPU LX
Number of holdings 324
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.200Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
115.77
105.88
0
* 50% JP EMBI GD and 50% JP GBI-EM GD (Source: Datastream)** Annualized 3 year dataWith effect as of 16/12/2016 the sub-fund is renamed from Nordea 1 - Emerging Market Blend Bond Fund to Nordea 1 - Emerging Market Bond Opportunities Fund.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Government Bonds 80.79
Corporate Bonds 15.99
Net Liquid Assets 3.22
Asset Type Fund
AAA 0.88
AA 3.52
A 15.50
BBB 31.72
BB 20.01
B 16.65
CCC 5.41
<CCC 1.12
NR 1.97
Net Liquid Assets 3.22
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Brazil Notas do Tesouro Naci 10% 01-01-2025 Government Bonds BB 1.98
Mexican Bonos 7.5% 03-06-2027 Government Bonds BBB 1.82
Republic of Poland Governmen 3.25% 25-07-2025 Government Bonds A 1.56
China Government Bond 3.29% 23-05-2029 Government Bonds A 1.47
Mexican Bonos 7.75% 29-05-2031 Government Bonds BBB 1.44
Brazil Notas do Tesouro Naci 10% 01-01-2023 Government Bonds BB 1.19
Brazil Notas do Tesouro Naci 10% 01-01-2027 Government Bonds BB 0.96
Republic of South Africa Gov 10.5% 21-12-2026 Government Bonds BB 0.96
1MDB Global Investments Ltd 4.4% 09-03-2023 Corporate Bonds NR 0.95
Ukraine Government Internati 9.75% 01-11-2028 Government Bonds B 0.91
The fund mainly invests in Emerging Markets bonds labelled in hard currency (like USD) and local currency, of sovereign and quasi-sovereign entities. An active research-based management style is applied tailored to generate alpha through strong country allocation and security selection based on the global risk appetite, countries’ fundamentals, relative value and technicals, and proprietary tools.
Investment Strategy
14
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Market Corporate Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.07 -0.17
1 month 0.20 -0.10
3 months 2.84 1.30
1 year 8.04 5.35
3 years 22.63 20.09
5 years 44.40 39.89
Since launch 68.41 70.46
Key Figures Fund Benchmark*
Annualised return in %** 7.04 6.29
Volatility in %** 12.51 8.26
Year to maturity 13.29
Effective Duration 5.36
Effective Yield in % 4.66
Correlation** 0.99
Information ratio** 0.17
Tracking error in %** 4.43
Discrete Year
Performance (indexed at 100)
Metlife Investment Management, LLC
Launch date 15/11/2011
ISIN LU0634509870
Sedol B4R0H10
WKN A1JP01
Bloomberg ticker NEMCBPU LX
Number of holdings 168
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.200Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
168.41
225.30
0
* JPM Corporate Emerging Markets Bond Index Broad Diversified (Source: NIMS)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 84.28
Government Bonds 8.81
Net Liquid Assets 6.92
Asset Type Fund
AAA
AA 2.06
A 3.93
BBB 24.86
BB 22.58
B 24.37
CCC 10.14
<CCC 0.25
NR 4.89
Net Liquid Assets 6.92
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Petroleos Mexicanos 6.375% 23-01-2045 Corporate Bonds BBB 1.22
CSN Islands XII Corp Corporate Bonds B 1.11
IHS Netherlands Holdco BV 8% 18-09-2027 Corporate Bonds B 1.10
Pampa Energia SA 7.5% 24-01-2027 Corporate Bonds CCC 1.08
Argentine Republic Governmen MULTI 09-07-2030 Government Bonds CCC 1.08
Oryx Funding Ltd 5.8% 03-02-2031 Corporate Bonds BB 1.02
Tecpetrol SA 4.875% 12-12-2022 Corporate Bonds CCC 0.97
Galaxy Pipeline Assets Bidco 2.625% 31-03-2036 Corporate Bonds AA 0.96
Alibaba Group Holding Ltd 2.125% 09-02-2031 Corporate Bonds A 0.94
Banistmo SA 4.25% 31-07-2027 Corporate Bonds BBB 0.93
This sub-fund shall invest a minimum of two-thirds of its total assets in debt securities issued in US Dollars by private borrowers, which are domiciled or exercise the predominant part of their economic activity in an Emerging Market country.
Investment Strategy
15
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Markets Debt Total Return Fund
Cumulative Fund Benchmark*
Year To Date -3.52 0.02
1 month -2.77 0.01
3 months -2.40 0.03
1 year -0.56 0.26
3 years 11.19 4.61
5 years
Since launch 12.85 5.04
Key Figures Fund Benchmark*
Annualised return in %** 3.60 1.51
Volatility in %** 8.33 0.27
Year to maturity 12.99
Effective Duration 7.56
Effective Yield in % 4.89
Correlation** 0.08
Information ratio** 0.25
Tracking error in %** 8.31
Discrete Year
Performance (indexed at 100)
Nordea Emerging Markets Debt Team
Launch date 21/11/2017
ISIN LU1721355870
Sedol BF42YL5
WKN A2H73J
Bloomberg ticker NDTRBPU LX
Number of holdings 97
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.300Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
112.85
94.04
0
* ICE 1 Month USD LIBOR (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is ICE 1 Month USD LIBOR. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against ICE 1 Month USD LIBOR. This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Egypt 8.49
China 7.06
Indonesia 6.68
South Africa 5.63
Colombia 5.44
Qatar 5.06
Philippines 4.99
Turkey 4.47
Other 50.09
Net Liquid Assets 2.09
Country Fund
AAA
AA 9.24
A 11.75
BBB 36.67
BB 17.37
B 22.53
CCC 0.12
<CCC
NR 0.22
Net Liquid Assets 2.09
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Philippine Government Intern 6.25% 14-01-2036 Philippines BBB 4.09
Qatar Government Internation 5.103% 23-04-2048 Qatar AA 4.06
Indonesia Government Interna 1.85% 12-03-2031 Indonesia BBB 4.03
Republic of South Africa Gov 8.25% 31-03-2032 South Africa BB 3.72
Turkey Government Bond 12.4% 08-03-2028 Turkey B 3.69
China Government Bond 2.68% 21-05-2030 China A 3.13
Colombian TES 7% 30-06-2032 Colombia BBB 3.08
Egypt Treasury Bills 06-07-2021 Egypt B 3.05
Egypt Treasury Bills 18-01-2022 Egypt B 2.61
Egypt Treasury Bills 01-02-2022 Egypt B 2.60
The fund invests across all subsectors of the Emerging Markets debt universe (Hard Currency and Local Currency debt), unconstrained by benchmark limitations. It seeks to deliver returns similar to broad EMD indexes while targeting a lower volatility and placing a particular emphasis on limiting drawdowns. The fund selects securities across a holistic portfolio, that tactically shifts allocations across the emerging markets debt asset class spectrum and takes advantage of the team’s best ideas across local currency, hard currency and emerging market corporate debt.
Investment Strategy
16
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Markets Small Cap Fund
Cumulative Fund Benchmark*
Year To Date 9.09 6.14
1 month 4.90 5.96
3 months 16.49 14.23
1 year 36.92 41.75
3 years 2.96 13.18
5 years 58.88 71.23
Since launch 32.68 47.89
Key Figures Fund Benchmark*
Annualised return in %** 0.98 4.21
Volatility in %** 23.29 23.21
Alpha in %** -3.18
Beta** 0.98
Sharpe Ratio** -0.04 0.10
Correlation** 0.97
Information ratio** -0.61
Tracking error in %** 5.32
Discrete Year
Performance (indexed at 100)
TimesSquare Capital Management, LLC
Launch date 03/12/2013
ISIN LU0975279208
Sedol BH65JN3
WKN A1W72Z
Bloomberg ticker NEMSBSD LX
Number of holdings 79
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
132.68
22.93
0
* MSCI Emerging Markets Small Cap - Net Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 17.81
Taiwan 14.75
India 13.67
South Korea 12.47
Brazil 10.41
Indonesia 5.43
South Africa 3.57
Philippines 2.32
Other 16.74
Net Liquid Assets 2.83
Country Fund
Information Technology 26.53
Consumer Discretionary 17.89
Industrials 13.62
Communication Services 11.90
Health Care 8.65
Consumer Staples 6.50
Financials 4.72
Materials 3.29
Other 4.07
Net Liquid Assets 2.83
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Hansol Chemical South Korea Materials 1.94
Venustech Group China Information Technology 1.79
Sinbon Electronics Taiwan Information Technology 1.75
WinWay Technology Taiwan Information Technology 1.73
A-Living Smart City Services China Industrials 1.72
Boa Vista Servicos Brazil Industrials 1.71
Tokai Carbon Korea South Korea Information Technology 1.70
New Frontier Health Hong Kong Health Care 1.67
Accton Technology Taiwan Information Technology 1.66
Laobaixing Pharmacy Chain JSC China Consumer Staples 1.65
The fund invests in small-cap stocks of emerging markets companies. These companies must either be domiciled in an Emerging Market or exercise the predominant part of their economic activity in Emerging Markets. At the time of purchase, the companies must have a market capitalization between USD 100 million and USD 5 billion. The fund’s aim is to generate alpha through a bottom-up and fundamental research approach.
Investment Strategy
17
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Bond Fund
Cumulative Fund Benchmark*
Year To Date -3.79 -3.61
1 month -2.72 -2.55
3 months -2.31 -1.78
1 year 1.27 0.91
3 years
5 years
Since launch 13.35 14.22
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 16.28
Effective Duration 7.62
Effective Yield in % 4.54
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Nordea Emerging Markets Debt Team
Launch date 17/01/2019
ISIN LU1915689316
Sedol BFMXPB7
WKN A2PBWE
Bloomberg ticker NOSBBPU LX
Number of holdings 340
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
0.900Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
113.35
1,142.55
0
* JP Morgan Emerging Markets Bond Index Global Diversified (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Government Bonds 84.26
Corporate Bonds 12.49
Net Liquid Assets 3.25
Asset Type Fund
AAA 0.10
AA 9.95
A 4.73
BBB 33.48
BB 17.44
B 28.13
CCC 2.06
<CCC 0.24
NR 0.62
Net Liquid Assets 3.25
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
China Government Bond 2.68% 21-05-2030 Government Bonds A 2.44
Egypt Treasury Bills 06-07-2021 Government Bonds B 1.97
Republic of South Africa Gov 8.25% 31-03-2032 Government Bonds BB 1.74
Qatar Government Internation 5.103% 23-04-2048 Government Bonds AA 1.67
Qatar Government Internation 4.817% 14-03-2049 Government Bonds AA 1.41
Qatar Government Internation 4% 14-03-2029 Government Bonds AA 1.15
Egypt Treasury Bills 18-01-2022 Government Bonds B 1.07
Egypt Treasury Bills 01-02-2022 Government Bonds B 1.07
Indonesia Government Interna 4.625% 15-04-2043 Government Bonds BBB 1.07
Uruguay Government Internati 5.1% 18-06-2050 Government Bonds BBB 0.97
The sub-fund invests at least two-thirds of its total assets (excluding cash) in debt securities issued by public authorities, quasi sovereigns or private borrowers, which are domiciled or exercise the predominant part of their economic activity in emerging markets. The Sub-fund´s objective is to prudently invest the Shareholder’s capital and to provide a return exceeding the average return of the Emerging Market bonds market. In actively managing the fund’s portfolio, the management team selects issuers with a particular focus on their ability to comply with international standards for environmental, social and corporate governance, and that appear to offer superior growth prospects and investment characteristics.
Investment Strategy
18
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Bond Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 97% / 93%
Benchmark: JP Morgan Emerging Markets Bond Index Global Diversified
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
88Benchmark
221
-60%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
19
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date 2.02 3.85
1 month -1.02 0.76
3 months 10.40 11.49
1 year 50.16 36.05
3 years 40.50 20.29
5 years 149.36 103.23
Since launch 100.26 43.84
Key Figures Fund Benchmark*
Annualised return in %** 12.00 6.35
Volatility in %** 20.63 18.89
Alpha in %** 5.38
Beta** 1.06
Sharpe Ratio** 0.49 0.23
Correlation** 0.97
Information ratio** 1.12
Tracking error in %** 5.04
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 15/04/2011
ISIN LU0602539602
Sedol B4V3771
WKN A1JHTL
Bloomberg ticker NEMSBPU LX
Number of holdings 43
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
200.26
6,454.79
0
* MSCI Emerging Markets Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 23/08/2016, the official reference index of the fund is MSCI Emerging Markets Index (Net Return). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI Emerging Markets Index (Net Return). This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 31.97
Taiwan 14.18
India 12.60
South Korea 11.26
Brazil 5.55
Russian Federation 5.43
Hong Kong 3.18
Indonesia 2.44
Other 12.19
Net Liquid Assets 1.20
Country Fund
Information Technology 26.12
Financials 25.23
Consumer Discretionary 20.04
Communication Services 12.59
Consumer Staples 7.77
Health Care 2.99
Materials 1.80
Industrials 1.03
Other 1.23
Net Liquid Assets 1.20
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Taiwan Semiconductor Manufacturing Taiwan Information Technology 9.49
Alibaba Group Holding China Consumer Discretionary 8.22
Tencent Holdings China Communication Services 7.85
Samsung Electronics South Korea Information Technology 7.76
Ping An Insurance Group Co of China China Financials 4.09
Meituan China Consumer Discretionary 3.72
AIA Group Hong Kong Financials 3.18
Housing Development Finance India Financials 2.57
Bank Rakyat Indonesia Persero Indonesia Financials 2.44
HDFC Bank India Financials 2.35
This Sub-fund aims to achieve long-term capital growth by investing mainly in a diversified portfolio of equity or Equities Related Securities of companies, which are domiciled or exercise the predominant part of their economic activity in the Emerging Markets. The fund is managed by the Fundamental Equities Team, based in Copenhagen, focusing on fundamental bottom-up research. Alpha is generated through stock selection and by actively incorporating an ESG based analysis as part of the investment process.
Investment Strategy
20
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 88% / 98%
Benchmark: MSCI Emerging Markets Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund has been awarded the FNG-Label as it meets the quality standard developed by Forum Nachhaltige Geldanlagen e. V. (FNG) for sustainable investments in the German-speaking countries. Certified funds pursue a stringent and transparent sustainability approach. The fund has received 3 out of 3 possible stars for its particularly ambitious and comprehensive sustainability strategy, which gained it additional points in the areas of institutional credibility, product standards, and selection and dialogue strategies.Label ISR recognises the fund. Label ISR is created and supported by the French Finance Ministry. The label’s goal is to increase the visibility of SRI products among savers in France and Europe.The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
74Benchmark
256
-71%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
21
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Local Bond Fund
Cumulative Fund Benchmark*
Year To Date -3.36 -3.78
1 month -1.97 -2.68
3 months -0.27 -0.37
1 year 2.53 3.70
3 years -0.49 1.77
5 years 26.22 30.93
Since launch 21.64 26.92
Key Figures Fund Benchmark*
Annualised return in %** -0.16 0.59
Volatility in %** 12.31 12.18
Year to maturity 6.98
Effective Duration 4.68
Effective Yield in % 4.63
Correlation** 0.99
Information ratio** -0.49
Tracking error in %** 1.53
Discrete Year
Performance (indexed at 100)
Nordea Emerging Markets Debt Team
Launch date 26/10/2015
ISIN LU1160612526
Sedol BYM2W16
WKN A142YQ
Bloomberg ticker NOELBPU LX
Number of holdings 84
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
121.64
62.37
0
* JP Morgan GBI Emerging Market Global Diversified (Source: Datastream)** Annualized 3 year dataWith effect as of 05/05/2020 the sub-fund is renamed from Nordea 1 - Emerging Market Local Debt Fund Plus to Nordea 1 - Emerging Stars Local Bond Fund.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 10.08
Indonesia 9.17
South Africa 9.07
Thailand 7.58
Mexico 7.27
Malaysia 7.20
Poland 5.74
Russian Federation 5.71
Other 28.16
Net Liquid Assets 10.01
Country Fund
AAA 2.00
AA 3.00
A 31.63
BBB 34.46
BB 12.89
B 6.00
CCC
<CCC
NR
Net Liquid Assets 10.01
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
China Government Bond 3.29% 23-05-2029 China A 3.79
China Government Bond 2.68% 21-05-2030 China A 3.37
Republic of Poland Governmen 3.25% 25-07-2025 Poland A 2.75
Indonesia Treasury Bond 9% 15-03-2029 Indonesia BBB 2.65
Thailand Government Bond 3.85% 12-12-2025 Thailand A 2.49
Republic of South Africa Gov 8.25% 31-03-2032 South Africa BB 2.31
Egypt Treasury Bills 06-07-2021 Egypt B 2.25
Malaysia Government Bond 4.181% 15-07-2024 Malaysia A 2.21
Republic of Poland Governmen 2.75% 25-10-2029 Poland A 2.09
Republic of South Africa Gov 10.5% 21-12-2026 South Africa BB 2.07
The fund mainly invests in emerging market bonds denominated in local currencies. Specifically, the fund invests at least two thirds of total assets in debt securities that are denominated in local currencies. These securities are issued by public authorities or quasisovereign issuers, or by companies that are domiciled or conduct the majority of their business, in emerging markets
Investment Strategy
22
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Stars Local Bond Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 91% / 100%
Benchmark: JP Morgan GBI Emerging Market Global Diversified
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
91Benchmark
98
-7%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
23
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Emerging Wealth Equity Fund
Cumulative Fund Benchmark*
Year To Date 5.10 4.69
1 month 3.71 0.86
3 months 8.59 9.87
1 year 26.32 23.12
3 years 29.30 20.87
5 years 64.39 81.93
Since launch 190.80 221.98
Key Figures Fund Benchmark*
Annualised return in %** 8.94 6.52
Volatility in %** 17.30 16.23
Alpha in %** 2.70
Beta** 0.96
Sharpe Ratio** 0.54 0.42
Correlation** 0.90
Information ratio** 0.32
Tracking error in %** 7.54
Discrete Year
Performance (indexed at 100)
GW&K Investment Management LLC
Launch date 03/11/2008
ISIN LU0390857471
Sedol B3FBT34
WKN A0RASQ
Bloomberg ticker NOEMBPE LX
Number of holdings 56
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
29.08
145.85
0
* MSCI Emerging Markets - Net Return Index (Source: Datastream)** Annualized 3 year dataWith effect from 13/11/2019, the official reference index of the fund is MSCI Emerging Markets - Net Return Index. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI Emerging Markets - Net Return Index. This reference index is used for performance comparison purposes.With effect as of 13/11/2019 the sub-fund is renamed from Nordea 1 - Emerging Consumer Fund to Nordea 1 - Emerging Wealth Equity Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 40.82
India 17.44
Hong Kong 12.25
United States 8.14
Germany 5.14
Mexico 3.60
France 2.53
Peru 2.20
Other 6.68
Net Liquid Assets 1.20
Country Fund
Consumer Discretionary 39.33
Financials 21.52
Information Technology 12.86
Health Care 11.75
Communication Services 6.53
Consumer Staples 4.76
Materials 2.06
Net Liquid Assets 1.20
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Sands China Hong Kong Consumer Discretionary 7.08
Trip.com Group ADR China Consumer Discretionary 5.63
Infineon Technologies Germany Information Technology 5.14
QUALCOMM United States Information Technology 4.56
HDFC Bank ADR India Financials 4.41
Yum China Holdings China Consumer Discretionary 4.25
AIA Group Hong Kong Financials 3.82
Tencent Music Entertainment ADR China Communication Services 3.51
Kotak Mahindra Bank India Financials 3.33
Alibaba Group Holding ADR China Consumer Discretionary 3.33
The fund invests globally in companies, which are expected to benefit either directly or indirectly from the ongoing urbanisation trend and changing consumer behaviour in the emerging market economies. The aim is to select businesses that expect to generate a significant proportion of their earnings from consumers in Emerging Markets, e.g. by establishing themselves as the leading brands. Additionally the fund will focus investment around firms in developed markets that sell products and services targeted towards the marginal spending of the emerging consumer, benefiting from the expected increases in disposable income.
Investment Strategy
24
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Corporate Bond Fund
Cumulative Fund Benchmark*
Year To Date -1.10 -0.91
1 month -0.82 -0.78
3 months -0.98 -0.77
1 year 0.08 0.93
3 years 5.56 7.13
5 years 10.99 13.41
Since launch 57.60 81.49
Key Figures Fund Benchmark*
Annualised return in %** 1.82 2.32
Volatility in %** 5.06 5.00
Year to maturity 13.97
Effective Duration 5.40
Effective Yield in % 0.68
Correlation** 1.00
Information ratio** -1.22
Tracking error in %** 0.41
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 15/09/2003
ISIN LU0173783928
Sedol B1WL966
WKN 358442
Bloomberg ticker FRTGEUR LX
Number of holdings 178
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
50.51
568.56
0
* ICE BofA Euro Corporate Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 23/10/2008. The past performance data shown prior to that date is related to the sub-fund's previous reference indexes, Lehman Brothers Euro Aggregate (converted to DKK) until 23/10/2008 and JP Morgan Global Government Bond Total Return Index in USD (converted to DKK) until 30/06/2008.This reference index is used for performance comparison purposes.With effect as of 30/06/2008 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 15/01/2010 the sub-fund is renamed from Nordea 1 - Corporate Bond Fund to Nordea 1 - European Corporate Bond Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
France 16.31
United Kingdom 14.79
Germany 14.14
United States 13.87
Denmark 8.98
Switzerland 7.53
Netherlands 5.78
Norway 4.81
Other 10.90
Net Liquid Assets 2.89
Country Fund
AAA
AA 1.51
A 37.58
BBB 52.65
BB 4.66
B
CCC
<CCC
NR 0.71
Net Liquid Assets 2.89
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
BPCE SA 0.25% 14-01-2031 France A 2.39
Danfoss A/S 1.375% 23-02-2022 Denmark BBB 2.09
Nykredit Realkredit 0.5% 07-10-2025 Denmark A 1.91
Global Switch Holdings Ltd 2.25% 31-05-2027 United Kingdom BBB 1.88
Danske Bank A/S 0.625% 26-05-2025 Denmark A 1.70
Commerzbank AG 0.625% 28-08-2024 Germany BBB 1.58
Electricite de France SA MULTI Perpetual France BB 1.45
LeasePlan Corp NV 0.125% 13-09-2023 Netherlands BBB 1.36
UBS AG/London 0.625% 23-01-2023 Switzerland A 1.27
Avinor AS 1.75% 20-03-2021 Norway A 1.24
This Sub-fund aims to preserve the Shareholders capital and to provide an adequate rate of return on the investment. The investment manager aims to invest the assets of the Sub-fund, within the limitations stated below, into corporate bonds directly or indirectly through the use of derivatives, and into other types of transferable securities and money market instruments in anticipation of up and down market movements. This Sub-fund is further using its reference index as a tool for performance comparison purposes. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in corporate bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe.
Investment Strategy
25
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Corporate Bond Fund Plus
Cumulative Fund Benchmark*
Year To Date -1.01 -0.91
1 month -0.79 -0.78
3 months -0.88 -0.77
1 year 1.03 0.93
3 years 7.45 7.13
5 years 14.28 13.41
Since launch 49.28 45.79
Key Figures Fund Benchmark*
Annualised return in %** 2.42 2.32
Volatility in %** 5.17 5.00
Year to maturity 14.47
Effective Duration 5.39
Effective Yield in % 0.69
Correlation** 0.99
Information ratio** 0.16
Tracking error in %** 0.63
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 11/03/2011
ISIN LU0533593298
Sedol B3M51F5
WKN A1H9Y6
Bloomberg ticker NEDCBIE LX
Number of holdings 155
Share class BI-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.400Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 0.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
149.28
79.89
75,000
* ICE BofA Euro Corporate Index (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
France 15.35
United Kingdom 14.50
United States 14.32
Germany 14.08
Denmark 9.41
Switzerland 7.68
Netherlands 5.79
Norway 5.21
Other 10.72
Net Liquid Assets 2.95
Country Fund
AAA
AA 1.85
A 36.67
BBB 53.06
BB 4.85
B
CCC
<CCC
NR 0.62
Net Liquid Assets 2.95
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Danfoss A/S 1.375% 23-02-2022 Denmark BBB 2.38
BPCE SA 0.25% 14-01-2031 France A 2.31
Danske Bank A/S 0.625% 26-05-2025 Denmark A 2.09
Nykredit Realkredit 0.5% 07-10-2025 Denmark A 1.91
Global Switch Holdings Ltd 2.25% 31-05-2027 United Kingdom BBB 1.91
Electricite de France SA MULTI Perpetual France BB 1.60
Commerzbank AG 0.625% 28-08-2024 Germany BBB 1.51
LeasePlan Corp NV 0.125% 13-09-2023 Netherlands BBB 1.47
Avinor AS 1.75% 20-03-2021 Norway A 1.39
BMW Finance NV 0.000000% 24-03-2023 Germany A 1.29
This Sub-fund aims to preserve the Shareholders capital and to provide a return exceeding the average return of the Euro corporate bond market. The investment manager actively uses derivatives in order to enhance returns and manage risks in the Sub-fund. This Sub-fund is further using its reference index as a tool for performance comparison purposes. This Sub-fund shall invest a minimum of two-thirds of its total assets (after deduction of cash) in corporate bonds, asset-backed securities and covered bonds with fixed coupon or fixed and contingent coupon or variable coupon. The Sub-fund shall focus on corporate bonds and debt instruments issued by companies which are domiciled or exercise the predominant part of their economic activity in Europe. A maximum of 20 percent of the net assets of this Sub-fund may be invested in asset-backed securities. At the time of the investment, the securities must have a long-term rating between AAA and BBB- or equivalent by any available rating agency (S&P, Moodys and Fitch).
Investment Strategy
26
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Corporate Stars Bond Fund
Cumulative Fund Benchmark*
Year To Date -1.16 -0.91
1 month -0.86 -0.78
3 months -1.07 -0.77
1 year -0.13 0.93
3 years
5 years
Since launch 6.16 8.31
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 13.39
Effective Duration 5.40
Effective Yield in % 0.61
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 10/01/2019
ISIN LU1927797156
Sedol BHN89T1
WKN A2PBWK
Bloomberg ticker NOCSBPE LX
Number of holdings 183
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
106.16
625.97
0
* ICE BofA Euro Corporate Index (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
France 20.85
United States 14.96
United Kingdom 13.98
Germany 11.55
Denmark 7.78
Switzerland 7.23
Netherlands 5.72
Norway 4.45
Other 8.65
Net Liquid Assets 4.83
Country Fund
AAA 0.32
AA 1.52
A 38.41
BBB 51.86
BB 2.37
B
CCC
<CCC
NR 0.70
Net Liquid Assets 4.83
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Danske Bank A/S 0.625% 26-05-2025 Denmark A 1.99
Global Switch Holdings Ltd 2.25% 31-05-2027 United Kingdom BBB 1.85
Nykredit Realkredit 0.5% 07-10-2025 Denmark A 1.79
BPCE SA 0.25% 14-01-2031 France A 1.57
Danfoss A/S 1.375% 23-02-2022 Denmark BBB 1.53
Commerzbank AG 0.625% 28-08-2024 Germany BBB 1.46
BPCE SA 0.625% 28-04-2025 France A 1.39
Electricite de France SA MULTI Perpetual France BB 1.38
UBS AG/London 0.625% 23-01-2023 Switzerland A 1.23
UniCredit SpA 1.250% MULTI 16-06-2026 Italy BBB 1.19
The fund aims to outperform the broader European investment grade market on a gross of fees basis, investing in companies living up to Nordea’s ESG standards. The STARS process, based on the collaboration between the Investment Team and the Responsible Investment Team, is designed to integrate the ESG analysis in the bottom-up credit selection process.
Investment Strategy
27
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Corporate Stars Bond Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 91% / 96%
Benchmark: ICE BofA Euro Corporate Index
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
44Benchmark
151
-71%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
28
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Covered Bond Fund
Cumulative Fund Benchmark*
Year To Date -1.09 -0.98
1 month -0.88 -0.81
3 months -1.17 -0.97
1 year 0.15 -0.63
3 years 7.53 4.49
5 years 11.69 5.12
Since launch 165.56 195.25
Key Figures Fund Benchmark*
Annualised return in %** 2.45 1.47
Volatility in %** 2.18 2.00
Year to maturity 6.08
Effective Duration 4.61
Effective Yield in % 0.03
Correlation** 0.92
Information ratio** 1.14
Tracking error in %** 0.86
Discrete Year
Performance (indexed at 100)
Danish Fixed Income & Euro Covered Bond Team
Launch date 05/07/1996
ISIN LU0076315455
Sedol 5096004
WKN 986135
Bloomberg ticker FRTGRBI LX
Number of holdings 237
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
13.57
7,177.36
0
* iBoxx euro Covered Total Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 07/03/2014. The past performance data shown prior to that date is related to the sub-fund's previous reference indexes, 50% Iboxx Germany, 40% Iboxx France and 10% Iboxx Spain until 07/03/2014, Barclays Capital Euro Aggregate Bond Index until 30/01/2012 and JP Morgan EMU Aggregate All Mats. (E) - Total Return Index until 22/10/2008.This reference index is used for performance comparison purposes.With effect as of 30/01/2012 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
France 17.48
Italy 16.82
Denmark 13.55
Greece 8.36
Norway 5.01
Germany 4.69
Sweden 4.52
Austria 4.00
Other 22.55
Net Liquid Assets 3.02
Country Fund
AAA 52.23
AA 19.18
A 4.16
BBB 9.19
BB 8.76
B
CCC 0.96
<CCC
NR 2.52
Net Liquid Assets 3.02
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
French Republic Government B 0.7% 25-07-2030 France AA 2.96
Nykredit Realkredit 1% 07-01-2025 SDO A H Denmark AAA 2.59
Nykredit Realkredit 1% 01-01-2024 SDO A H Denmark AAA 2.23
Stadshypotek AB 1% 03-09-2025 Sweden AAA 2.18
Hellenic Republic Government 3.375% 15-02-2025 Greece BB 1.86
Banca Monte dei Paschi di Si 0.875% 08-10-2026 Italy AA 1.85
Swedbank Hypotek AB 1% 18-06-2025 Sweden AAA 1.77
Italy Buoni Poliennali Del T 0.4% 15-05-2030 Italy BBB 1.72
Nykredit Realkredit 2% 01-01-2025 SDO A H Denmark AAA 1.62
Hellenic Republic Government 0.75% 18-06-2031 Greece BB 1.48
The fund invests a minimum of two-thirds of its total assets (after deduction of cash) in high credit quality covered bonds which are admitted for official listing on a stock exchange or traded in another regulated market within the OECD and are issued by companies or financial institutions domiciled or exercising the predominant part of their economic activities in Europe. The fund's investment philosophy builds on a quantitative and risk-based approach.
Investment Strategy
29
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Covered Bond Opportunities Fund
Cumulative Fund Benchmark*
Year To Date 0.55 -0.15
1 month 0.21 -0.01
3 months 0.24 -0.11
1 year 2.63 0.34
3 years
5 years
Since launch 8.11 2.07
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 7.04
Effective Duration 0.20
Effective Yield in % -0.34
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Danish Fixed Income & Euro Covered Bond Team
Launch date 29/01/2019
ISIN LU1915690595
Sedol BJJPSJ3
WKN A2PBWH
Bloomberg ticker NECVBPE LX
Number of holdings 64
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.700Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
108.11
170.33
0
* Iboxx Euro Covered Interest Rate 1Y Duration Hedged (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is Iboxx Euro Covered Interest Rate 1Y Duration Hedged. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against Iboxx Euro Covered Interest Rate 1Y Duration Hedged. This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Italy 83.45
Greece 16.19
France 14.01
Iceland 7.49
Portugal 7.02
Austria 6.96
Sweden 6.80
Denmark 5.89
Other 29.01
Net Liquid Assets -76.81
Country Fund
AAA 25.41
AA 37.16
A 19.89
BBB 75.26
BB 16.19
B
CCC 1.18
<CCC
NR 1.72
Net Liquid Assets -76.81
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Italy Buoni Poliennali Del T 0.1% 15-05-2023 Italy BBB 29.14
Italy Buoni Poliennali Del T 0.000000% 15-01-2024 Italy BBB 13.56
Italy Buoni Poliennali Del T 0.4% 15-05-2030 Italy BBB 8.21
Stadshypotek AB 1% 03-09-2025 Sweden AAA 6.80
Danmarks Skibskredit 0.125% 03-20-2025 Denmark A 5.30
AMCO - Asset Management Co S 1.5% 17-07-2023 Italy BBB 5.03
Iceland Government Internati 0.625% 03-06-2026 Iceland A 4.98
Banca Monte dei Paschi di Si 0.875% 08-10-2026 Italy AA 4.90
French Republic Government B 0.7% 25-07-2030 France AA 4.77
Vseobecna Uverova Banka AS 0.01% 23-06-2025 Slovakia AA 4.74
The fund mainly invests, directly or through derivatives, in European bonds. Specifically, the fund invests at least two thirds of total assets in government bonds and covered bonds that are issued by public authorities, or by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. Objective: To provide shareholders with investment growth in the medium to long term. The fund's investment philosophy builds on a quantitative and risk-based approach. In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment opportunities.
Investment Strategy
30
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Cross Credit Fund
Cumulative Fund Benchmark*
Year To Date -0.15
1 month -0.18
3 months 0.44
1 year 0.57
3 years 5.17
5 years 15.69
Since launch 35.16
Key Figures Fund Benchmark*
Annualised return in %** 1.70
Volatility in %** 8.04
Year to maturity 22.99
Effective Duration 4.40
Effective Yield in % 1.73
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 22/02/2012
ISIN LU0733673288
Sedol B777BK9
WKN A1JXU3
Bloomberg ticker NECCBPE LX
Number of holdings 98
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
135.16
1,073.07
0
* No Benchmark** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 31.12
United Kingdom 16.38
Germany 9.89
Italy 9.76
France 6.57
Sweden 5.70
Netherlands 5.63
Spain 4.68
Other 8.72
Net Liquid Assets 1.55
Country Fund
AAA
AA
A
BBB 26.18
BB 61.56
B 10.71
CCC
<CCC
NR
Net Liquid Assets 1.55
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
LeasePlan Corp NV 0.25% 23-02-2026 Netherlands BBB 1.99
SoftBank Group Corp 5% 15-04-2028 Japan BB 1.87
Techem Verwaltungsgesellscha 2% 15-07-2025 Germany B 1.85
Virgin Media Secured Finance 5% 15-04-2027 United Kingdom BB 1.84
Arqiva Broadcast Finance PLC 6.75% 30-09-2023 United Kingdom B 1.83
Ball Corp 4.375% 15-12-2023 United States BB 1.83
Ardagh Packaging Finance PLC 2.125% 15-08-2026 United States BB 1.83
Grifols SA 3.2% 01-05-2025 Spain B 1.82
Levi Strauss & Co 3.375% 15-03-2027 United States BB 1.82
NGG Finance PLC 2.125% MULTI 05-09-2082 United Kingdom BBB 1.82
The fund invests in the universe of high yield and investment grade bonds to take advantage of structural inefficiencies created by rating agencies. More specifically, the fund invests in European corporate bonds (excluding financials) which have, at time of purchase, a long-term rating between BBB+ and B– or equivalent by any other available rating agency such as Moodys and Fitch. The cornerstone of the strategy is to exploit credit spreads/valuation variations between the different rating buckets revealing the best risk/adjusted returns. The fund follows a bottom-up approach which results in a conservative high conviction portfolio being built based on the credits’ solid fundamentals.
Investment Strategy
31
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Financial Debt Fund
Cumulative Fund Benchmark*
Year To Date 0.90
1 month 0.71
3 months 1.67
1 year 3.12
3 years 10.50
5 years 37.22
Since launch 84.02
Key Figures Fund Benchmark*
Annualised return in %** 3.39
Volatility in %** 10.75
Year to maturity 52.38
Effective Duration 3.49
Effective Yield in % 2.38
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 28/09/2012
ISIN LU0772944145
Sedol B7WP9F9
WKN A1J53Z
Bloomberg ticker NEBDBPE LX
Number of holdings 72
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
184.02
1,205.70
0
* No Benchmark** Annualized 3 year dataWith effect as of 07/03/2014 the sub-fund is renamed from Nordea 1 - Euro Bank Debt Fund to Nordea 1 - European Financial Debt Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Italy 23.67
Ireland 11.17
Spain 10.55
Switzerland 9.16
France 8.64
United Kingdom 7.73
Netherlands 7.18
Austria 5.83
Other 8.61
Net Liquid Assets 7.46
Country Fund
AAA 0.00
AA
A 6.82
BBB 21.08
BB 40.99
B 13.27
CCC 2.38
<CCC
NR 7.99
Net Liquid Assets 7.46
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Unipol Gruppo SpA 3.25% 23-09-2030 Italy BB 4.46
Phoenix Group Holdings PLC 5.375% 06-07-2027 United Kingdom NR 3.48
Argentum Netherlands BV 5.625% MULTI 15-08-2052 Switzerland BBB 3.39
Abanca Corp Bancaria SA 6.125% MULTI 18-01-2029 Spain BB 3.17
NN Group NV 4.625% MULTI 13-01-2048 Netherlands BBB 3.05
Ethias SA 5% 14-01-2026 Belgium NR 3.05
ASR Nederland NV MULTI Perpetual Netherlands BB 2.93
BPER Banca 3.625% MULTI 30-11-2030 Italy B 2.66
SCOR SE MULTI Perpetual France A 2.62
Credit Agricole Assurances S 2% 17-07-2030 France BBB 2.58
This Sub-fund aims to provide an adequate rate of return on the investment. The Sub-fund invests primarily in financial sector corporate, covered as well as Contingent Convertible bonds directly or indirectly through the use of derivatives. This Sub-fund shall invest a minimum of two-thirds of its Total Assets in bonds and credit default swaps issued by European financial institutions. This geographic requirement applies to the issuing entity itself or to the ultimate parent company of the issuing entity.
Investment Strategy
32
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European High Yield Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.36 1.01
1 month 0.20 0.56
3 months 0.96 1.86
1 year 3.50 5.58
3 years 8.36 11.98
5 years 25.91 32.85
Since launch 136.42 187.89
Key Figures Fund Benchmark*
Annualised return in %** 2.71 3.84
Volatility in %** 9.54 9.61
Year to maturity 25.29
Effective Duration 3.33
Effective Yield in % 3.29
Correlation** 0.99
Information ratio** -0.93
Tracking error in %** 1.22
Discrete Year
Performance (indexed at 100)
Capital Four Management Fondsmæglerselskab A/S
Launch date 04/01/2006
ISIN LU0141799501
Sedol B1WL8P8
WKN 529937
Bloomberg ticker NIMEHEU LX
Number of holdings 242
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
35.77
4,855.96
0
* ICE BofA European Ccy High Yield Constrained Index - TR 100% Hdg EUR (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 20.37
United Kingdom 19.32
Germany 11.71
Netherlands 9.34
France 6.98
Sweden 4.75
Spain 3.10
Switzerland 2.92
Other 16.01
Net Liquid Assets 5.50
Country Fund
AAA
AA
A 1.50
BBB 8.12
BB 42.63
B 34.00
CCC 7.05
<CCC 0.11
NR 1.10
Net Liquid Assets 5.50
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Altice France SA/France 3.375% 15-01-2028 France B 1.73
Nidda Healthcare Holding Gmb 3.5% 30-09-2024 Germany B 1.69
Verisure Midholding AB 5.25% 15-02-2029 Sweden CCC 1.68
DKT Finance ApS 7% 17-06-2023 Denmark CCC 1.57
Virgin Media Vendor Financin 4.875% 15-07-2028 Ireland B 1.35
Netflix Inc 4.625% 15-05-2029 United States BB 1.34
Virgin Media Secured Finance 4.25% 15-01-2030 United Kingdom BB 1.34
Teva Pharmaceutical Finance 1.125% 15-10-2024 Israel BB 1.26
Thames Water Kemble Finance 5.875% 15-07-2022 United Kingdom B 1.19
Grifols SA 3.2% 01-05-2025 Spain B 1.09
The fund seeks to preserve shareholder capital and to provide a return exceeding the average return of the European high-yield bond market. The fund uses its reference index as a benchmark for investment purposes. The fund invests a minimum two-thirds of its net assets in high-yield fixed-income and floating-rate debt securities that are issued by private borrowers and public authorities domiciled in Europe or predominantly active in Europe. The fund may invest up to one-third of its net assets in debt securities denominated in currencies other than the Funds base currency or which do not meet the above restrictions regarding country or geographical area, as well as in money market instruments. In addition, the fund may invest up to 10% of its net assets in equity securities. The investment manager aims to hedge non-Euro investments to Euro, this is achieved via derivatives.
Investment Strategy
33
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European High Yield Stars Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.58 1.01
1 month 0.37 0.56
3 months 1.37 1.86
1 year 3.37 5.58
3 years
5 years
Since launch 15.42 14.65
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 41.37
Effective Duration 3.42
Effective Yield in % 2.96
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Nordea Credit Team
Launch date 15/01/2019
ISIN LU1927798717
Sedol BJCXZY8
WKN A2PBWL
Bloomberg ticker NOEHYBP LX
Number of holdings 128
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
115.42
377.86
0
* ICE BofA European Ccy High Yield Constrained Index - TR 100% Hdg EUR (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United Kingdom 12.86
United States 11.61
France 10.80
Italy 10.00
Spain 9.14
Germany 8.81
Netherlands 7.43
Sweden 5.68
Other 19.39
Net Liquid Assets 4.29
Country Fund
AAA
AA
A 1.95
BBB 6.23
BB 47.55
B 31.24
CCC 6.77
<CCC
NR 1.98
Net Liquid Assets 4.29
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
SoftBank Group Corp 5% 15-04-2028 Japan BB 3.04
NN Group NV 4.625% MULTI 13-01-2048 Netherlands BBB 2.10
Pinewood Finance Co Ltd 3.25% 30-09-2025 United Kingdom BB 1.97
Unipol Gruppo SpA 3.25% 23-09-2030 Italy BB 1.92
Ziggo BV 5.5% 15-01-2027 Netherlands B 1.87
Virgin Media Secured Finance 5% 15-04-2027 United Kingdom BB 1.87
ProGroup AG 3% 31-03-2026 Germany BB 1.65
Eurofins Scientific SE MULTI Perpetual France BB 1.63
Iceland Bondco PLC 4.625% 15-03-2025 United Kingdom B 1.61
Very Group Funding Plc/The 7.75% 15-11-2022 United Kingdom B 1.54
The fund aims to outperform the broader European high yield market on a gross of fees basis, investing in companies living up to Nordea’s ESG standards. The STARS process, based on the collaboration between the Investment Team and the Responsible Investment Team, is designed to integrate the ESG analysis in the bottom-up credit selection process.
Investment Strategy
34
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European High Yield Stars Bond Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 66% / Insufficient coverage
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
The coverage rate is insufficient to provide a useful sustainability score
for the fund
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
35
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Inflation Linked Bond Fund
Cumulative Fund Benchmark*
Year To Date
1 month
3 months
1 year
3 years
5 years
Since launch
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 8.67
Effective Duration 8.32
Effective Yield in % -0.83
Correlation**
Information ratio**
Tracking error in %**
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Discrete Year
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Performance (indexed at 100)
Launch date 24/11/2020
ISIN LU2252510537
Sedol BL6N2Q9
WKN A2QHUN
Bloomberg ticker NOILBBA LX
Number of holdings 22
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
99.33
14.93
0
* Bloomberg Barclays Euro Government Inflation-Linked Bond Index (Source: NIMS)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Italy 34.77
France 29.11
Germany 19.98
Spain 15.54
Net Liquid Assets 0.59
Country Fund
AAA 19.98
AA 29.11
A
BBB 50.31
BB
B
CCC
<CCC
NR
Net Liquid Assets 0.59
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Deutsche Bundesrepublik Infl 0.5% 15-04-2030 Germany AAA 7.97
Spain Government Inflation L 0.7% 30-11-2033 Spain BBB 7.65
French Republic Government B 3.4% 25-07-2029 France AA 7.34
French Republic Government B 2.1% 25-07-2023 France AA 7.31
Spain Government Inflation L 0.15% 30-11-2023 Spain BBB 6.49
Italy Buoni Poliennali Del T 2.35% 15-09-2024 Italy BBB 6.48
Italy Buoni Poliennali Del T 0.1% 15-05-2022 Italy BBB 6.24
Deutsche Bundesrepublik Infl 0.1% 15-04-2026 Germany AAA 6.09
Italy Buoni Poliennali Del T 2.35% 15-09-2035 Italy BBB 5.58
French Republic Government B 1.8% 25-07-2040 France AA 4.06
In actively managing the fund’s portfolio, the management team applies an asset allocation process to seek to exploit market opportunities such as changes in interest rates and inflation. The team selects inflation-linked government and investment-grade bonds issued within the EUR countries.
Investment Strategy
36
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Small and Mid Cap Equity Fund
Cumulative Fund Benchmark*
Year To Date 2.88 2.59
1 month 3.53 2.70
3 months 5.67 7.58
1 year 14.16 17.53
3 years 18.42 19.91
5 years 50.09 53.41
Since launch 352.88 347.68
Key Figures Fund Benchmark*
Annualised return in %** 5.80 6.24
Volatility in %** 20.27 19.43
Alpha in %** -0.55
Beta** 1.02
Sharpe Ratio** 0.30 0.34
Correlation** 0.97
Information ratio** -0.10
Tracking error in %** 4.59
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 23/03/2009
ISIN LU0417818407
Sedol B3LZLQ7
WKN A0RGH4
Bloomberg ticker NOSMBPE LX
Number of holdings 51
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.300Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
782.76
520.51
0
* MSCI Europe SMID Cap (Net Return) Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 05/05/2020. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Dow Jones STOXX Mid 200 - Net Return Index.This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United Kingdom 23.66
Italy 13.60
France 13.35
Switzerland 12.94
Germany 11.03
Spain 5.42
Netherlands 4.95
Finland 3.75
Other 9.66
Net Liquid Assets 1.63
Country Fund
Industrials 29.85
Financials 17.07
Health Care 9.85
Communication Services 9.65
Materials 9.55
Consumer Staples 6.15
Information Technology 5.07
Consumer Discretionary 3.76
Other 7.42
Net Liquid Assets 1.63
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
iShares FTSE 250 UCITS ETF United Kingdom Other 4.94
Teleperformance France Industrials 4.42
St James's Place United Kingdom Financials 3.34
Orpea France Health Care 3.32
Phoenix Group Holdings United Kingdom Financials 3.21
Pirelli & C Italy Consumer Discretionary 2.94
FinecoBank Banca Fineco Italy Financials 2.91
DS Smith United Kingdom Materials 2.84
Rotork United Kingdom Industrials 2.76
Informa United Kingdom Communication Services 2.74
The fund taps into a potential investment universe of small and mid-size companies having a stock-market value between two and ten billion Euros (as measured at the time of acquisition), which are domiciled or exercise the predominant part of their economic activity in Europe. Additionally, the fund focuses on researching structural growth industries in order to identify companies with long term earnings power. Portfolio managers invest in market leaders within an industry and pay only for companies which stand to deliver the best Growth at Reasonable Price (GARP).
Investment Strategy
37
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date 1.32 1.45
1 month 1.57 2.53
3 months 2.07 4.18
1 year 21.73 8.86
3 years 22.23 13.55
5 years
Since launch 24.32 12.57
Key Figures Fund Benchmark*
Annualised return in %** 6.92 4.33
Volatility in %** 18.02 16.64
Alpha in %** 2.44
Beta** 1.03
Sharpe Ratio** 0.40 0.28
Correlation** 0.95
Information ratio** 0.47
Tracking error in %** 5.49
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 14/11/2017
ISIN LU1706106447
Sedol BDDVJR0
WKN A2H6N0
Bloomberg ticker NOESEBP LX
Number of holdings 44
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
124.32
620.79
0
* MSCI Europe - Net Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Netherlands 16.76
United Kingdom 16.45
France 16.06
Germany 15.52
Denmark 9.19
Switzerland 7.25
Italy 5.32
Sweden 4.18
Other 7.48
Net Liquid Assets 1.79
Country Fund
Health Care 18.39
Financials 18.09
Information Technology 13.66
Industrials 13.37
Consumer Staples 12.90
Consumer Discretionary 10.26
Materials 9.22
Utilities 2.33
Net Liquid Assets 1.79
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Nestle Switzerland Consumer Staples 5.02
ASML Holding Netherlands Information Technology 4.20
ING Groep Netherlands Financials 3.97
AXA France Financials 3.71
Unilever United Kingdom Consumer Staples 3.58
Sanofi France Health Care 3.49
AstraZeneca United Kingdom Health Care 3.36
SAP Germany Information Technology 3.30
Koninklijke Philips Netherlands Health Care 3.23
UniCredit Italy Financials 2.99
This Sub-fund aims to achieve long-term capital growth by investing mainly in a diversified portfolio of equity of companies that are domiciled or exercise the predominant part of their economic activity in Europe. The fund is managed by the Fundamental Equities Team, based in Copenhagen, focusing on fundamental bottomup research. Alpha is generated through stock selection and by actively incorporating an ESG based analysis as part of the investment process.
Investment Strategy
38
Fact Sheet | February 2021 | Advertising material
Nordea 1 - European Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 96% / 99%
Benchmark: MSCI Europe - Net Return Index
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund has been awarded the FNG-Label as it meets the quality standard developed by Forum Nachhaltige Geldanlagen e. V. (FNG) for sustainable investments in the German-speaking countries. Certified funds pursue a stringent and transparent sustainability approach. The fund has received 3 out of 3 possible stars for its particularly ambitious and comprehensive sustainability strategy, which gained it additional points in the areas of institutional credibility, product standards, and selection and dialogue strategies.The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
98Benchmark
144
-32%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
39
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Flexible Fixed Income Fund
Cumulative Annualized
Year To Date -1.18
1 month -1.08
3 months -1.54
1 year -0.96 -0.96
3 years 2.68 0.89
5 years 3.54 0.70
Since launch 8.85 1.09
Key Figures Fund Benchmark*
Annualised return in %** 0.89 -0.43
Volatility in %** 1.94 0.02
Effective Duration 0.98
Effective Yield in % -0.08
Weighted Average Rating AA+
Discrete Year
Multi Assets Team
Launch date 02/05/2013
ISIN LU0915365364
Sedol B6VGVZ0
WKN A1T96A
Bloomberg ticker NGFIBPE LX
Number of holdings 257
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.800Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
108.85
3,631.50
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Rebased to 100% for illustrative purpose**** for entire portfolio including derivativesWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.With effect as of 01/12/2014 the sub-fund is renamed from Nordea 1 - Global Fixed Income Alpha Fund to Nordea 1 - Flexible Fixed Income Fund.Performances are in EUR
Performance (indexed at 100)
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Short Duration -68.19%
Credit HY 0.35%
Cash 2.88%
Other Government Bonds 3.45%
Emerging Market Debt 11.20%
Covered bonds 33.46%
Credit IG 49.30%
High Quality Government Bonds 62.77%
Gross exposure ****
EURO 96.22%
USD 15.25%
Emerging Markets 2.44%
Developed, non EURO -13.91%
Currency Exposure ****
Security Name Weight
Realkredit Danmark 1% 04-01-2022 SDRO AR T 6.50
Bundesschatzanweisungen 0.000000% 16-09-2022 5.26
United States Treasury Infla 0.25% 15-07-2029 4.90
United States Treasury Infla 0.5% 15-01-2028 4.75
United States Treasury Infla 0.875% 15-01-2029 4.49
United States Treasury Note/ 2.625% 31-01-2026 4.47
Bundesrepublik Deutschland B 0.000000% 15-08-2029 3.94
United States Treasury Infla 0.75% 15-07-2028 3.24
Nykredit Realkredit 1% 04-01-2022 SDO AR H 2.77
United States Treasury Note/ 2% 31-05-2024 2.67
Geograph. Mod. Duration Fund
Others 0.36
United States 0.33
Europe ex-UK 0.27
United Kingdom 0.03
Total 0.98
Top Holdings in %
Rating *** Fund
AAA 89.55
AA 3.94
A 1.18
BBB 1.09
BB 0.02
B
CCC
<CCC
NR 4.24
The fund offers a robust diversification across fixed income asset classes and regions. Using active management, the fund aims to preserve capital and provide positive returns in excess of cash over an investment cycle. The objective is to build an unconstrained bond product, designed to address a constantly changing environment in the fixed income space, such as interest rates fall and rise as well as changes in credit spreads. The fund will use active currency management to mitigate risk without reducing the return expectancy.
Investment Strategy
40
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Bond Fund
Cumulative Fund Benchmark*
Year To Date -2.61 -2.95
1 month -2.34 -2.32
3 months -3.96 -3.99
1 year -6.56 -7.23
3 years 10.20 11.06
5 years 1.30 3.46
Since launch 250.87 394.78
Key Figures Fund Benchmark*
Annualised return in %** 3.29 3.56
Volatility in %** 5.37 5.35
Year to maturity 10.48
Effective Duration 8.00
Effective Yield in % 1.02
Correlation** 0.99
Information ratio** -0.29
Tracking error in %** 0.92
Discrete Year
Performance (indexed at 100)
International Fixed Income Team
Launch date 20/10/1989
ISIN LU0064321150
Sedol 4703372
WKN 973354
Bloomberg ticker FRTGBDI LX
Number of holdings 122
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
17.94
98.42
0
* JP Morgan GBI Global - Total Return Index (Source: Datastream)** Annualized 3 year dataWith effect as of 01/03/2009 the sub-fund is renamed from Nordea 1 - Global Bond Fund (EUR) to Nordea 1 - Global Bond Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 26.77
Japan 13.47
Italy 8.21
France 6.93
United Kingdom 6.15
Canada 5.98
Germany 4.80
Supranational 4.32
Other 20.74
Net Liquid Assets 2.63
Country Fund
AAA 46.96
AA 19.82
A 14.47
BBB 13.33
BB 1.54
B
CCC
<CCC
NR 1.25
Net Liquid Assets 2.63
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
United States Treasury Note/ 1.5% 15-08-2026 United States AAA 4.76
United States Treasury Note/ 3.75% 15-11-2043 United States AAA 4.00
United States Treasury Note/ 4.5% 15-08-2039 United States AAA 3.84
United States Treasury Note/ 2.25% 30-04-2024 United States AAA 2.94
Japan Government Thirty Year 1.7% 20-09-2044 Japan A 2.73
United States Treasury Note/ 2.25% 15-08-2027 United States AAA 2.71
Japan Government Thirty Year 2.3% 20-03-2035 Japan A 2.59
CDP Financial Inc 5.6% 25-11-2039 Canada AAA 2.29
Canadian Government Bond 2.25% 01-06-2025 Canada AAA 2.17
Spain Government Bond 0.35% 30-07-2023 Spain BBB 1.86
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by an OECD member state or companies registered in such countries. Investments are made in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instrument to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Investment Strategy
41
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Climate and Environment Fund
Cumulative Fund Benchmark*
Year To Date 3.13 2.36
1 month 1.46 2.65
3 months 5.67 4.31
1 year 34.17 17.05
3 years 50.76 36.57
5 years 115.77 73.15
Since launch 157.20 218.84
Key Figures Fund Benchmark*
Annualised return in %** 14.66 10.95
Volatility in %** 17.84 16.31
Alpha in %** 3.04
Beta** 1.06
Sharpe Ratio** 0.84 0.69
Correlation** 0.97
Information ratio** 0.82
Tracking error in %** 4.54
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 13/03/2008
ISIN LU0348926287
Sedol B2Q4WQ9
WKN A0NEG2
Bloomberg ticker NOCEBPE LX
Number of holdings 57
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
25.72
6,816.14
0
* MSCI World - Net Return Index (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is MSCI World - Net Return Index. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI World - Net Return Index. This reference index is used for performance comparison purposes.With effect as of 23/08/2016 the sub-fund is renamed from Nordea 1 - Climate and Environment Equity Fund to Nordea 1 - Global Climate and Environment Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 67.00
Germany 6.77
Netherlands 5.08
Japan 3.26
France 2.72
Australia 1.91
Switzerland 1.73
Ireland 1.72
Other 8.48
Net Liquid Assets 1.34
Country Fund
Industrials 35.94
Information Technology 30.33
Materials 17.73
Utilities 5.67
Health Care 3.70
Consumer Staples 3.33
Real Estate 1.51
Financials 0.45
Net Liquid Assets 1.34
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
ASML Holding Netherlands Information Technology 3.24
Waste Management United States Industrials 2.98
Republic Services United States Industrials 2.96
Synopsys United States Information Technology 2.86
Infineon Technologies Germany Information Technology 2.84
Linde United States Materials 2.82
Zebra Technologies United States Information Technology 2.74
Air Liquide France Materials 2.72
Parker-Hannifin United States Industrials 2.62
Johnson Controls International United States Industrials 2.49
This fund aims to achieve long-term capital growth through a diversified portfolio of equity or equity related investments in companies, which are expected to benefit either directly or indirectly from developments related to environmental challenges such as climate change. The fund shall invest globally and shall invest a minimum of two thirds of its total assets in equities, other equity shares such as co-operative shares and participation certificates, dividend right certificates, warrants on equities and equity rights.
Investment Strategy
42
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Climate and Environment Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 96% / 100%
Benchmark: MSCI World - Net Return Index
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
225Benchmark
137
64%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Thematic
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
43
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Disruption Fund
Cumulative Fund Benchmark*
Year To Date 1.16 1.85
1 month 0.04 2.32
3 months 4.82 6.58
1 year 49.95 30.25
3 years
5 years
Since launch 65.70 36.21
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 19/02/2019
ISIN LU1940854943
Sedol BHL36G4
WKN A2PDKL
Bloomberg ticker NGLDBPU LX
Number of holdings 52
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
165.70
219.84
0
* MSCI ACWI Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is MSCI ACWI Index (Net Return). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI ACWI Index (Net Return). This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 49.06
China 8.22
Germany 5.87
Taiwan 5.59
Japan 4.45
India 3.46
Sweden 2.88
Russian Federation 2.85
Other 15.86
Net Liquid Assets 1.76
Country Fund
Information Technology 33.24
Communication Services 13.92
Consumer Discretionary 13.55
Health Care 13.13
Financials 9.89
Industrials 6.34
Materials 3.11
Utilities 2.82
Consumer Staples 2.23
Net Liquid Assets 1.76
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Alphabet United States Communication Services 4.66
PayPal Holdings United States Information Technology 4.24
Amazon.com United States Consumer Discretionary 4.11
Taiwan Semiconductor Manufacturing ADR Taiwan Information Technology 4.05
Tencent Holdings China Communication Services 3.57
Alibaba Group Holding China Consumer Discretionary 3.49
NextEra Energy United States Utilities 2.82
HDFC Bank ADR India Financials 2.50
Pan Pacific International Holdings Japan Consumer Discretionary 2.47
T-Mobile US United States Communication Services 2.45
The sub-fund invests globally and a minimum of three-fourths of its total assets (excluding cash) in equity related securities. The Fund invests into global equities with exposure to disruptive innovation. We aim to create a well-diversified cross sector thematic fund with exposure to structural growth. In actively managing the fund’s portfolio, the management team focuses on companies that are gamechangers and that appear to offer superior growth prospects and investment characteristics. Game-changers are those companies whose products or services are highly innovative and have the potential to disrupt existing business models.
Investment Strategy
44
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Disruption Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 93% / 100%
Benchmark: MSCI ACWI Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
111Benchmark
153
-27%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Thematic
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
45
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Equity Market Neutral Fund
Cumulative Fund Benchmark*
Year To Date
1 month
3 months
1 year
3 years
5 years
Since launch
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Discrete Year
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Performance (indexed at 100)
Launch date 10/06/2020
ISIN LU2166349774
Sedol BMG6R26
WKN A2P4C4
Bloomberg ticker NP1GNBP LX
Number of holdings 76
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.750Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
15.00
AccumulatingFund category
Performance Fee in %
96.83
27.32
0
* No Benchmark** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 32.31
Germany 8.67
Sweden 7.41
Netherlands 5.49
Canada 3.96
Belgium 3.95
Switzerland 2.65
Finland 2.58
Other 2.58
Net Liquid Assets 30.40
Country Fund
Communication Services 15.47
Industrials 12.12
Health Care 10.74
Information Technology 7.78
Consumer Staples 6.54
Financials 5.46
Real Estate 3.57
Energy 3.09
Other 4.82
Net Liquid Assets 30.40
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Koninklijke Vopak Netherlands Energy 2.86
Koninklijke Philips Netherlands Health Care 2.63
Aon United States Financials 2.60
Comcast United States Communication Services 2.59
Republic Services United States Industrials 2.55
Swedish Match Sweden Consumer Staples 2.52
Elisa Finland Communication Services 2.48
Alcon Switzerland Health Care 2.35
Deutsche Boerse Germany Financials 2.31
Oracle United States Information Technology 2.28
This Sub-fund aims to deliver a positive (absolute) return, independent of market conditions by investing mainly in a diversified portfolio of cash equity and equity derivatives (CFD) of companies, which are domiciled in developed markets: Europe and North America. The fund is managed by the Fundamental Equities Team. While the portfolio construction is made up of statistical analysis, the stock picking is deeply fundamental and bottom up.
Investment Strategy
46
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Gender Diversity Fund
Cumulative Fund Benchmark*
Year To Date 2.42 1.85
1 month 1.98 2.32
3 months 4.56 6.58
1 year 25.65 30.25
3 years
5 years
Since launch 24.12 35.87
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Diversified Equity Team
Launch date 21/02/2019
ISIN LU1939214778
Sedol BJ1FG86
WKN A2PDJ7
Bloomberg ticker NISGGBP LX
Number of holdings 93
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
124.12
157.70
0
* MSCI ACWI Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is MSCI ACWI Index (Net Return). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI ACWI Index (Net Return). This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 60.05
France 6.36
China 4.37
Canada 3.57
Sweden 3.27
Australia 2.24
Japan 2.11
Denmark 1.99
Other 13.73
Net Liquid Assets 2.30
Country Fund
Information Technology 24.48
Financials 14.12
Consumer Discretionary 13.68
Health Care 13.49
Industrials 10.00
Communication Services 6.90
Consumer Staples 6.12
Materials 3.54
Other 5.37
Net Liquid Assets 2.30
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Microsoft United States Information Technology 5.81
NVIDIA United States Information Technology 3.44
United Rentals United States Industrials 2.30
Eli Lilly and United States Health Care 2.22
Cummins United States Industrials 2.15
Zoetis United States Health Care 1.90
Tractor Supply United States Consumer Discretionary 1.87
Mastercard United States Information Technology 1.86
Schneider Electric France Industrials 1.85
Target United States Consumer Discretionary 1.76
The sub-fund invests its assets with a particular focus on companies demonstrating sustainability, and a high level of gender diversity and equality in management. The fund’s objective is to invest on companies that are Gender Diverse according to our criteria but that also present strong fundamentals and develop their business in an attractive way. In actively managing the fund’s portfolio, the management team focuses on companies that demonstrate sustainability and a high level of gender diversity and equality in management, and that appear to offer superior growth prospects and investment characteristics.
Investment Strategy
47
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Gender Diversity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 95% / 100%
Benchmark: MSCI ACWI Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
87Benchmark
153
-43%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Thematic
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
48
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global High Yield Bond Fund
Cumulative Fund Benchmark*
Year To Date -0.37 0.66
1 month -0.05 0.41
3 months 1.62 2.88
1 year 8.18 10.36
3 years 14.37 18.12
5 years 41.95 51.66
Since launch 87.80 116.14
Key Figures Fund Benchmark*
Annualised return in %** 4.58 5.71
Volatility in %** 9.10 9.90
Year to maturity 6.74
Effective Duration 3.56
Effective Yield in % 4.16
Correlation** 0.99
Information ratio** -0.66
Tracking error in %** 1.73
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 10/02/2010
ISIN LU0476539324
Sedol B62PCH5
WKN A1CTP3
Bloomberg ticker GLBHYBP LX
Number of holdings 393
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
18.78
726.79
0
* ICE BofA Developed Markets High Yield Constrained Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 23/08/2016. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Merrill Lynch Global High Yield Constrained Index.This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 76.33
Canada 8.31
United Kingdom 3.11
Luxembourg 2.92
Netherlands 1.93
France 1.78
Italy 1.09
Germany 0.92
Other 0.84
Net Liquid Assets 2.77
Country Fund
AAA
AA
A
BBB 3.00
BB 42.22
B 34.78
CCC 16.79
<CCC
NR 0.43
Net Liquid Assets 2.77
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
CCO Holdings LLC / CCO Holdi 4.75% 01-03-2030 United States BB 1.38
Altice France Holding SA 10.5% 15-05-2027 Luxembourg CCC 0.95
Sprint Corp 7.625% 01-03-2026 United States BB 0.85
Bausch Health Americas Inc 8.5% 31-01-2027 United States B 0.82
Kronos Acquisition Holdings 7% 31-12-2027 Canada CCC 0.78
Kraft Heinz Foods Co 5% 04-06-2042 United States BB 0.76
Telecom Italia Finance SA 7.75% 24-01-2033 Italy BB 0.76
Virgin Media Finance PLC 5% 15-07-2030 United Kingdom B 0.75
Altice France Holding SA 8% 15-05-2027 Luxembourg CCC 0.75
Zayo Group Holdings Inc 6.125% 01-03-2028 United States CCC 0.64
The fund seeks to achieve attractive risk-adjusted return by identifying target bonds and eliminating uncompensated risk. The fund manager rigorously screens the investment universe for risk in order to quantify upside potential using bond analysis, not equity-style analysis. By targeting the sweet spot for risk compensation, the managers goal is to eliminate rather than include bonds. The underlying belief is that to deliver attractive returns it is more important to recognise which bonds not to include in the portfolio, than to focus on the ones that should be selected.
Investment Strategy
49
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Listed Infrastructure Fund
Cumulative Fund Benchmark*
Year To Date -1.32 -2.69
1 month -0.74 -0.85
3 months -0.74 -1.31
1 year 6.19 0.96
3 years
5 years
Since launch 13.10 7.59
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
CBRE Clarion Securities LLC
Launch date 05/03/2019
ISIN LU1947902109
Sedol BJBLDQ1
WKN A2PBEG
Bloomberg ticker NOLIBPU LX
Number of holdings 47
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
12.00
356.45
0
* FTSE Global Infrastructure 50/50 Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is FTSE Global Infrastructure 50/50 Index (Net Return). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against FTSE Global Infrastructure 50/50 Index (Net Return). This reference index is used for performance comparison purposes.The performance figures shown before 05/03/2019 are the ones achieved by CBRE Clarion Funds SICAV - Global Listed Infrastructure Fund Class IA Shares USD.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 50.74
Italy 8.39
France 8.38
United Kingdom 5.61
Australia 5.40
Canada 5.05
Spain 4.13
Portugal 3.10
Other 8.82
Net Liquid Assets 0.39
Country Fund
Utilities 54.83
Industrials 26.75
Real Estate 9.90
Energy 4.56
Communication Services 3.57
Net Liquid Assets 0.39
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Enel Italy Utilities 4.58
American Tower United States Real Estate 4.14
Vinci France Industrials 4.09
Crown Castle International United States Real Estate 4.00
NextEra Energy United States Utilities 3.92
American Electric Power United States Utilities 3.89
Union Pacific United States Industrials 3.64
EDP - Energias de Portugal Portugal Utilities 3.10
Ameren United States Utilities 3.02
National Grid United Kingdom Utilities 2.93
The sub-fund invests globally and a minimum of three-fourths of its total assets (excluding cash) in equity related securities issued by infrastructure companies listed or traded on a regulated market. The Strategy seeks to generate meaningful outperformance versus the global infrastructure securities market utilizing top-down sector allocation along with stock selection through fundamental market research and analysis. In actively managing the fund’s portfolio, the management team combines region and sector allocation with fundamental company research to select companies that appear to offer superior growth prospects and investment characteristics.
Investment Strategy
50
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Opportunity Fund
Cumulative Fund Benchmark*
Year To Date 2.05 2.67
1 month 1.40 2.40
3 months 3.39 5.03
1 year 21.22 17.86
3 years 45.86 34.82
5 years 90.51 74.17
Since launch 136.98 112.22
Key Figures Fund Benchmark*
Annualised return in %** 13.41 10.47
Volatility in %** 17.11 15.94
Alpha in %** 2.78
Beta** 1.01
Sharpe Ratio** 0.80 0.68
Correlation** 0.95
Information ratio** 0.53
Tracking error in %** 5.59
Discrete Year
Performance (indexed at 100)
Loomis, Sayles & Company, LP
Launch date 12/11/2013
ISIN LU0975280552
Sedol BGY6X73
WKN A1W729
Bloomberg ticker NGLBPEU LX
Number of holdings 45
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
236.98
344.51
0
* MSCI AC World - Net Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 70.40
Canada 4.80
Netherlands 4.37
Taiwan 4.12
United Kingdom 3.62
China 2.83
Japan 2.08
India 2.08
Other 4.84
Net Liquid Assets 0.86
Country Fund
Information Technology 28.78
Consumer Discretionary 17.69
Health Care 13.58
Financials 11.93
Industrials 8.84
Communication Services 7.03
Materials 5.95
Consumer Staples 5.34
Net Liquid Assets 0.86
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
ASML Holding Netherlands Information Technology 4.37
Amazon.com United States Consumer Discretionary 4.18
Taiwan Semiconductor Manufacturing Taiwan Information Technology 4.12
Mastercard United States Information Technology 3.67
Danaher United States Health Care 3.65
IQVIA Holdings United States Health Care 3.56
Alphabet United States Communication Services 3.49
Linde United States Materials 3.43
Estee Lauder Cos United States Consumer Staples 3.12
S&P Global United States Financials 3.10
The fund invests in equities worldwide in accordance with a bottom-up driven investment process which is designed to identify opportunities through fundamental research, as well as understand the drivers of value for the companies within the investable universe. The fund applies a high conviction approach resulting in a concentrated portfolio with a high active share. Stock picking should be the principal alpha driver of the fund. In the long run, the fund aims to outperform the MSCI All Country World – Net Return Index
Investment Strategy
51
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Portfolio Fund
Cumulative Fund Benchmark*
Year To Date 5.15 2.36
1 month 3.68 2.65
3 months 6.00 4.31
1 year 26.48 17.05
3 years 47.16 36.57
5 years 86.47 73.15
Since launch 226.70 247.39
Key Figures Fund Benchmark*
Annualised return in %** 13.74 10.95
Volatility in %** 16.72 16.31
Alpha in %** 2.88
Beta** 0.99
Sharpe Ratio** 0.84 0.69
Correlation** 0.97
Information ratio** 0.67
Tracking error in %** 4.16
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 29/01/2010
ISIN LU0476541221
Sedol B64HF14
WKN A0RDXL
Bloomberg ticker NORGLPE LX
Number of holdings 49
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.750Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
32.67
263.45
0
* MSCI World - Net Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 72.51
Netherlands 7.24
Japan 5.05
United Kingdom 2.99
South Korea 2.98
Taiwan 2.24
Sweden 2.23
China 1.55
Ireland 1.52
Net Liquid Assets 1.70
Country Fund
Information Technology 23.62
Financials 13.51
Industrials 12.83
Health Care 12.68
Consumer Discretionary 11.24
Communication Services 8.71
Consumer Staples 6.72
Materials 4.19
Other 4.80
Net Liquid Assets 1.70
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Alphabet United States Communication Services 5.69
Amazon.com United States Consumer Discretionary 4.49
Microsoft United States Information Technology 4.25
Citigroup United States Financials 3.41
Samsung Electronics GDR South Korea Information Technology 2.98
Chubb United States Financials 2.81
ING Groep Netherlands Financials 2.64
Visa United States Information Technology 2.41
Koninklijke Philips Netherlands Health Care 2.37
Jones Lang LaSalle United States Real Estate 2.37
The fund follows a disciplined investment process based on fundamental approach, which combines quantitative and qualitative research. The focus is on finding the winners within various industries and also the factors that drive their growth and profitability. The fund invests globally in competitive and dynamic companies which exhibit attractive valuation and predictability. The fund has a long term investment horizon and avoids companies with operational or financial risks.
Investment Strategy
52
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Real Estate Fund
Cumulative Fund Benchmark*
Year To Date 3.36 2.86
1 month 3.81 3.70
3 months 5.42 6.47
1 year 7.53 1.12
3 years 22.17 15.38
5 years 45.29 28.61
Since launch 98.85 85.51
Key Figures Fund Benchmark*
Annualised return in %** 6.90 4.89
Volatility in %** 18.81 19.13
Alpha in %** 2.12
Beta** 0.97
Sharpe Ratio** 0.27 0.16
Correlation** 0.98
Information ratio** 0.57
Tracking error in %** 3.54
Discrete Year
Performance (indexed at 100)
Duff & Phelps Investment Management Co.
Launch date 15/11/2011
ISIN LU0705260189
Sedol B4QX635
WKN A1JREV
Bloomberg ticker NGREBPU LX
Number of holdings 65
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
198.85
795.52
0
* FTSE EPRA/NAREIT Developed - Net Total Return Index (Source: Datastream)** Annualized 3 year dataWith effect as of 19/06/2019 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 55.52
Japan 10.13
United Kingdom 5.88
Germany 4.43
Canada 4.21
Australia 3.92
Hong Kong 2.92
Sweden 2.77
Other 9.69
Net Liquid Assets 0.53
Country Fund
Real Estate 98.47
Information Technology 1.00
Net Liquid Assets 0.53
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Prologis United States Real Estate 4.91
Mitsubishi Estate Japan Real Estate 2.97
Sun Communities United States Real Estate 2.74
Duke Realty United States Real Estate 2.60
AvalonBay Communities United States Real Estate 2.59
Extra Space Storage United States Real Estate 2.46
Healthpeak Properties United States Real Estate 2.45
CubeSmart United States Real Estate 2.38
Equity Residential United States Real Estate 2.35
Equinix United States Real Estate 2.34
This Sub-funds investment objective is to achieve long-term capital growth by investing globally in equity securities of companies that are engaged principally in the real estate industry.
Investment Strategy
53
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Small Cap Fund
Cumulative Fund Benchmark*
Year To Date 5.58 6.91
1 month 5.47 4.99
3 months 13.36 15.05
1 year 42.72 40.76
3 years 28.41 35.90
5 years 70.39 101.11
Since launch 56.78 83.68
Key Figures Fund Benchmark*
Annualised return in %** 8.69 10.77
Volatility in %** 20.53 22.72
Alpha in %** -0.94
Beta** 0.87
Sharpe Ratio** 0.33 0.39
Correlation** 0.97
Information ratio** -0.34
Tracking error in %** 6.12
Discrete Year
Performance (indexed at 100)
GW&K Investment Management LLC
Launch date 11/03/2014
ISIN LU1029332142
Sedol BKSZZ78
WKN A1XFPE
Bloomberg ticker NOGSPOT LX
Number of holdings 75
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
156.78
263.72
0
* MSCI World Small Cap Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect as of 19/06/2019 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 45.07
Japan 10.84
Sweden 8.15
Canada 6.45
Italy 4.23
Hong Kong 3.12
Spain 2.65
United Kingdom 2.36
Other 15.14
Net Liquid Assets 2.00
Country Fund
Industrials 26.03
Health Care 19.01
Consumer Staples 11.64
Information Technology 10.47
Materials 10.11
Consumer Discretionary 7.27
Real Estate 4.21
Financials 3.82
Other 5.44
Net Liquid Assets 2.00
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Texas Pacific Land United States Energy 2.49
Vericel United States Health Care 2.44
SITC International Holdings Hong Kong Industrials 2.26
Embracer B Sweden Communication Services 2.14
Charles River Laboratories International United States Health Care 1.95
Castle Biosciences United States Health Care 1.87
Green Brick Partners United States Consumer Discretionary 1.84
Rafael Holdings United States Real Estate 1.77
UFP Technologies United States Materials 1.69
Cloudera United States Information Technology 1.66
The fund invests globally and shall invest a minimum of two-thirds of its Total Assets worldwide in equities and Equities Related Securities which have a market capitalization (at the time of purchase) between USD 200 million and USD 10 billion or are included in the benchmark of the sub- fund. The fund is managed in accordance with an investment process which is designed to identify companies - through a bottom-up fundamental research approach - that are mispriced and possess factors that can close the gap between the market price and intrinsic value.
Investment Strategy
54
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Social Empowerment Fund
Cumulative Fund Benchmark*
Year To Date
1 month
3 months
1 year
3 years
5 years
Since launch
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Alpha in %**
Beta**
Sharpe Ratio**
Correlation**
Information ratio**
Tracking error in %**
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Discrete Year
Due to local regulatory restrictions, we are not allowed to show performance on share classes less than 1 year old.
Performance (indexed at 100)
Fundamental Equities Team
Launch date 03/12/2020
ISIN LU2257592514
Sedol BM9GNN6
WKN A2QHUS
Bloomberg ticker NOGIUBP LX
Number of holdings 53
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
104.90
134.57
0
* MSCI ACWI Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect as of 25/02/2021 the sub-fund is renamed from Nordea 1 - Global Impact Fund to Nordea 1 - Global Social Empowerment Fund.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 46.51
China 11.57
India 7.51
Netherlands 5.48
France 5.00
Japan 4.43
Taiwan 3.17
Kenya 2.67
Other 12.47
Net Liquid Assets 1.20
Country Fund
Health Care 30.82
Industrials 14.75
Information Technology 14.53
Financials 10.05
Consumer Staples 7.38
Consumer Discretionary 7.04
Communication Services 4.20
Utilities 3.80
Other 6.25
Net Liquid Assets 1.20
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Taiwan Semiconductor Manufacturing Taiwan Information Technology 3.17
Deere United States Industrials 3.14
PayPal Holdings United States Information Technology 2.93
Koninklijke Philips Netherlands Health Care 2.90
HDFC Life Insurance India Financials 2.89
DexCom United States Health Care 2.87
AbbVie United States Health Care 2.87
Ecolab United States Materials 2.71
Essential Utilities United States Utilities 2.67
Safaricom Kenya Communication Services 2.67
This fund aims to achieve long-term capital growth through a diversified portfolio of equity or equity related investments in companies. The fund focuses on selecting businesses which provide social solutions, creating a positive impact on the society while generating sustainable returns. We believe our fundamental bottom-up approach coupled with our internal ESG expertise will be key for our investors and the society as a whole to reap the benefits of this under researched theme. We define our investment universe in 3 themes and 9 strategies which are strongly aligned with the United Nation Sustainable Development Goals.
Investment Strategy
55
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Social Empowerment Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 88% / 100%
Benchmark: MSCI ACWI Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
89Benchmark
153
-42%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Thematic
Voting
ESG integration summary
This fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
56
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Stable Equity Fund
Cumulative Fund Benchmark*
Year To Date 4.27 1.83
1 month 1.98 1.87
3 months 3.99 2.74
1 year 5.64 10.32
3 years 15.93 27.49
5 years 27.44 47.67
Since launch 94.15 134.38
Key Figures Fund Benchmark*
Annualised return in %** 5.05 8.43
Volatility in %** 15.42 11.32
Alpha in %** -5.80
Beta** 1.28
Sharpe Ratio** 0.35 0.78
Correlation** 0.94
Information ratio** -0.54
Tracking error in %** 6.24
Discrete Year
Performance (indexed at 100)
Stable Equities / Multi Assets Team
Launch date 02/01/2006
ISIN LU0112467450
Sedol B1WL9H7
WKN 591135
Bloomberg ticker UGBLEQP LX
Number of holdings 95
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
23.22
2,593.87
0
* 70% MSCI World Index (Net Return) and 30% EURIBOR 1M (FX adjusted) (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is 70% MSCI World Index (Net Return) and 30% EURIBOR 1M (FX adjusted). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against 70% MSCI World Index (Net Return) and 30% EURIBOR 1M (FX adjusted). This reference index is used for performance comparison purposes.With effect as of 15/01/2010 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 18/03/2016 the sub-fund is renamed from Nordea 1 - Global Stable Equity Fund - Unhedged to Nordea 1 - Global Stable Equity Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 66.76
Japan 9.16
Canada 5.48
Germany 4.22
United Kingdom 3.78
France 3.40
India 1.65
Hong Kong 1.50
Other 3.13
Net Liquid Assets 0.92
Country Fund
Health Care 28.56
Information Technology 18.95
Communication Services 14.76
Consumer Discretionary 10.56
Consumer Staples 10.23
Financials 5.17
Utilities 4.79
Real Estate 3.06
Other 3.01
Net Liquid Assets 0.92
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Cigna United States Health Care 3.32
eBay United States Consumer Discretionary 3.20
Comcast United States Communication Services 3.11
Johnson & Johnson United States Health Care 3.06
AT&T United States Communication Services 2.94
Cisco Systems United States Information Technology 2.80
Oracle United States Information Technology 2.77
Laboratory Corp of America United States Health Care 2.60
Nippon Telegraph & Telephone Japan Communication Services 2.51
KDDI Japan Communication Services 2.50
The fund applies a unique process to construct a portfolio of boring equities with stable returns based on an objective, computer driven, quantitative stock screening model. The process identifies companies that operate in established lines of business, generating consistently stable earnings, dividends, cash flows, etc. This stability helps dampen price volatility of such companies stocks, making them less risky than the broader market. There is also a high degree of portfolio diversification with 100 to 150 stocks typically making up the portfolio, thereby adding a further layer of stability. The goal then is to offer investors the benefits of long-term return opportunities in the global equity markets, without the risk of significant capital losses in the short to medium term as is the case with conventional hot stocks.
Investment Strategy
57
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Stable Equity Fund - Euro Hedged
Cumulative Fund Benchmark*
Year To Date 3.14 1.21
1 month 1.82 1.81
3 months 4.62 3.58
1 year 12.20 17.44
3 years 9.36 20.35
5 years 27.61 48.34
Since launch 90.40 85.28
Key Figures Fund Benchmark*
Annualised return in %** 3.03 6.37
Volatility in %** 15.79 11.85
Alpha in %** -5.09
Beta** 1.26
Sharpe Ratio** 0.21 0.57
Correlation** 0.95
Information ratio** -0.56
Tracking error in %** 6.01
Discrete Year
Performance (indexed at 100)
Stable Equities / Multi Assets Team
Launch date 05/03/2007
ISIN LU0278529986
Sedol B1LCPM8
WKN A0LGS7
Bloomberg ticker NORSBPE LX
Number of holdings 95
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
19.04
513.95
0
* 70% MSCI World Index NR (hedged EUR) and 30% EURIBOR 1M (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is 70% MSCI World Index NR (hedged EUR) and 30% EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against 70% MSCI World Index NR (hedged EUR) and 30% EURIBOR 1M. This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 66.98
Japan 9.08
Canada 5.47
Germany 4.16
United Kingdom 3.73
France 3.41
India 1.65
Hong Kong 1.49
Other 3.21
Net Liquid Assets 0.82
Country Fund
Health Care 28.67
Information Technology 18.95
Communication Services 14.81
Consumer Discretionary 10.65
Consumer Staples 10.20
Financials 5.13
Utilities 4.75
Real Estate 3.00
Other 3.01
Net Liquid Assets 0.82
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Cigna United States Health Care 3.33
eBay United States Consumer Discretionary 3.25
Comcast United States Communication Services 3.16
Johnson & Johnson United States Health Care 3.10
AT&T United States Communication Services 2.95
Cisco Systems United States Information Technology 2.85
Oracle United States Information Technology 2.77
Laboratory Corp of America United States Health Care 2.63
AutoZone United States Consumer Discretionary 2.51
Nippon Telegraph & Telephone Japan Communication Services 2.50
The fund applies a unique process to construct a portfolio of equities with stable returns based on an objective, computer driven, quantitative stock screening model. The process identifies companies that operate in established lines of business, generating consistently stable earnings, dividends, cash flows, etc. This stability helps dampen price volatility of such companies stocks, making them less risky than the broader market. There is also a high degree of portfolio diversification with 100 to 150 stocks typically making up the portfolio, thereby adding a further layer of stability. The goal then is to offer investors the benefits of long-term return opportunities in the global equity markets, without the risk of significant capital losses in the short to medium term as is the case with conventional hot stocks. At least 90% of the portfolio currency risk will be hedged against the Base Currency of the Sub-fund (EUR).
Investment Strategy
58
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date 2.53 1.85
1 month 3.26 2.32
3 months 6.94 6.58
1 year 37.38 30.25
3 years 45.87 34.17
5 years
Since launch 97.76 81.84
Key Figures Fund Benchmark*
Annualised return in %** 13.41 10.29
Volatility in %** 17.91 17.71
Alpha in %** 3.14
Beta** 1.00
Sharpe Ratio** 0.64 0.47
Correlation** 0.99
Information ratio** 1.05
Tracking error in %** 2.98
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 17/05/2016
ISIN LU0985320562
Sedol BYQPXR4
WKN A2AJ9F
Bloomberg ticker NOGSBPU LX
Number of holdings 78
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
197.76
1,799.27
0
* MSCI ACWI Index (Net Return) (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 68.32
France 5.44
United Kingdom 4.68
China 3.70
Japan 2.79
Taiwan 2.38
South Korea 1.97
Netherlands 1.86
Other 6.83
Net Liquid Assets 2.04
Country Fund
Information Technology 23.47
Financials 17.06
Industrials 13.95
Health Care 12.70
Consumer Discretionary 10.83
Communication Services 7.38
Consumer Staples 6.38
Materials 3.21
Other 2.97
Net Liquid Assets 2.04
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Alphabet United States Communication Services 4.29
Microsoft United States Information Technology 3.68
Amazon.com United States Consumer Discretionary 3.31
Taiwan Semiconductor Manufacturing Taiwan Information Technology 2.38
Rotork United Kingdom Industrials 2.32
Samsung Electronics South Korea Information Technology 1.97
Citigroup United States Financials 1.94
Jones Lang LaSalle United States Real Estate 1.93
Tencent Holdings China Communication Services 1.91
Medtronic United States Health Care 1.89
The fund is a global, long only equity fund which aims to generate a sustainable outperformance of 3% p.a. compared to the MSCI World AC – Net Return Index. The portfolio follows a bottom-up stock selection approach and invests in companies with a sustainable competitive advantage, which allows them to deliver high and stable returns. The management team aims to invest in companies exposed to change which should allow them to grow over a 5-7 year investment horizon. The fund has a strong ESG (environmental, social and governance) bias, with the aim of investing in companies with well managed ESG profiles and/or that contribute to solutions relating to global ESG challenges.
Investment Strategy
59
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Global Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 96% / 100%
Benchmark: MSCI ACWI Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
Label ISR recognises the fund. Label ISR is created and supported by the French Finance Ministry. The label’s goal is to increase the visibility of SRI products among savers in France and Europe.The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
87Benchmark
153
-43%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
60
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Indian Equity Fund
Cumulative Fund Benchmark*
Year To Date 11.85 2.78
1 month 11.28 5.14
3 months 24.29 13.42
1 year 37.81 30.34
3 years 12.92 23.64
5 years 84.99 90.09
Since launch 107.10 107.90
Key Figures Fund Benchmark*
Annualised return in %** 4.13 7.33
Volatility in %** 26.70 24.54
Alpha in %** -3.45
Beta** 1.05
Sharpe Ratio** 0.08 0.22
Correlation** 0.96
Information ratio** -0.43
Tracking error in %** 7.39
Discrete Year
Performance (indexed at 100)
ICICI Prudential Asset Management Company Ltd.
Launch date 05/07/2012
ISIN LU0634510613
Sedol B86SRQ8
WKN A1J04M
Bloomberg ticker NOINBPU LX
Number of holdings 48
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.800Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
207.10
216.90
0
* MSCI India 10/40 - Net Total Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
India 96.28
Net Liquid Assets 3.72
Country Fund
Financials 22.51
Information Technology 13.56
Materials 10.06
Utilities 9.21
Energy 8.98
Communication Services 8.31
Consumer Discretionary 6.88
Health Care 5.48
Other 11.31
Net Liquid Assets 3.72
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Bharti Airtel India Communication Services 7.99
NTPC India Utilities 7.07
Infosys India Information Technology 6.92
ICICI Bank India Financials 6.11
Axis Bank India Financials 4.14
Hindalco Industries India Materials 3.69
Housing Development Finance India Financials 3.55
ITC India Consumer Staples 3.43
Sun Pharmaceutical Industries India Health Care 3.11
State Bank of India India Financials 2.91
The fund shall invest a minimum two thirds of its total assets in equity and equity related securities issued by companies, which are domiciled or exercise the predominant part of their economic activity in India. It may also invest in equity arbitrage, debt, money market instruments (to the extent permitted) for defensive considerations. It actively uses derivatives (index futures) with an endeavor to reduce volatility and to protect downside of the fund. The fund aims to provide opportunity to capture the potential of the Indian equity markets at a nascent stage of the country’s evolution cycle.
Investment Strategy
61
Fact Sheet | February 2021 | Advertising material
Nordea 1 - International High Yield Bond Fund - USD Hedged
Cumulative Fund Benchmark*
Year To Date 0.79 0.62
1 month 0.47 0.40
3 months 2.29 2.49
1 year 6.35 8.23
3 years 15.69 20.59
5 years 43.74 52.71
Since launch 43.38 59.48
Key Figures Fund Benchmark*
Annualised return in %** 4.98 6.44
Volatility in %** 10.32 9.56
Year to maturity 14.04
Effective Duration 3.24
Effective Yield in % 4.35
Correlation** 1.00
Information ratio** -1.24
Tracking error in %** 1.18
Discrete Year
Performance (indexed at 100)
Aegon USA Investment Management, LLC
Launch date 04/12/2012
ISIN LU0826393653
Sedol B7R52Z5
WKN A1KAC5
Bloomberg ticker NIHYBPU LX
Number of holdings 549
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
143.38
195.48
0
* ICE BofA Global High Yield Constrained Index (USD hedged) (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 07/09/2015. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Merrill Lynch Global High Yield Constrained to Merrill Lynch Global High Yield Constrained hedged USD.This reference index is used for performance comparison purposes.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 93.19
Government Bonds 1.13
Equities 0.82
Net Liquid Assets 4.87
Asset Type Fund
AAA
AA
A
BBB 6.05
BB 45.06
B 34.85
CCC 6.83
<CCC 0.30
NR 2.04
Net Liquid Assets 4.87
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
CCO Holdings LLC / CCO Holdi 5.75% 15-02-2026 Corporate Bonds BB 1.23
GMAC Capital Trust I MULTI 15-02-2040 Corporate Bonds BB 0.95
Teva Pharmaceutical Finance 4.5% 01-03-2025 Corporate Bonds BB 0.91
UniCredit SpA 5.861% MULTI 19-06-2032 Corporate Bonds BB 0.87
ARD Finance SA 5% P-I-K 30-06-2027 Corporate Bonds B 0.85
Scientific Games Internation 5.5% 15-02-2026 Corporate Bonds B 0.82
Altice France SA/France 7.375% 01-05-2026 Corporate Bonds B 0.80
Cornerstone Building Brands 8% 15-04-2026 Corporate Bonds B 0.79
Petroleos Mexicanos 6.875% 16-10-2025 Corporate Bonds BBB 0.72
Kraft Heinz Foods Co 3.875% 15-05-2027 Corporate Bonds BB 0.71
The fund invests worldwide into High Yield Bonds issued by companies. The fund seeks to achieve attractive risk-adjusted return by using a fundamental and research driven approach to investing in the high yield investment universe. Traditional and distressed credit analysis is the driver of the investment process and is at the core of the portfolio construction. The distressed credit analysis helps evaluate opportunities in the lower quality portion of the high yield market where dislocations may occur.
Investment Strategy
62
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Latin American Corporate Bond Fund
Cumulative Fund Benchmark*
Year To Date -2.49 -1.99
1 month -1.22 -1.34
3 months -0.37 -0.58
1 year 2.25 5.92
3 years
5 years
Since launch 16.46 24.94
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 13.39
Effective Duration 7.12
Effective Yield in % 3.61
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
Banco BICE
Launch date 13/03/2018
ISIN LU0317592003
Sedol BD9C0X0
WKN A0MZ0N
Bloomberg ticker NOLCBPU LX
Number of holdings 93
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.200Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
116.46
62.77
0
* JP Morgan Cembi Broad Diversified Latam IG Index (Source: NIMS)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Chile 26.62
Mexico 23.79
Colombia 16.23
Brazil 15.78
Peru 14.51
Canada 1.02
United Kingdom 0.80
Net Liquid Assets 1.25
Country Fund
AAA
AA
A 4.13
BBB 85.10
BB 7.33
B 1.50
CCC
<CCC
NR 0.70
Net Liquid Assets 1.25
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Ecopetrol SA 5.375% 26-06-2026 Colombia BBB 2.60
Inversiones CMPC SA 4.375% 04-04-2027 Chile BBB 2.13
Southern Copper Corp 7.5% 27-07-2035 Peru BBB 2.09
Promigas SA ESP / Gases del 3.75% 16-10-2029 Colombia BBB 2.07
Vale SA 5.625% 11-09-2042 Brazil BBB 1.98
Engie Energia Chile SA 4.5% 29-01-2025 Chile BBB 1.93
Ecopetrol SA 5.875% 18-09-2023 Colombia BBB 1.85
Ecopetrol SA 7.375% 18-09-2043 Colombia BBB 1.85
Raizen Fuels Finance SA 5.3% 20-01-2027 Brazil BBB 1.79
Kallpa Generacion SA 4.875% 24-05-2026 Peru BBB 1.75
The fund mainly invests in investment grade corporate debt, issued in US Dollar by private borrowers which are domiciled or exercise the predominant part of their economic activity in Latin America. It seeks to provide a return exceeding the average return of the Latin America corporate bonds market. Based on its knowledge, expertise, and deep coverage of the region, the investment team follows a bottom-up approach with portfolio positioning influenced by macro views.
Investment Strategy
63
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Latin American Equity Fund
Cumulative Fund Benchmark*
Year To Date -7.43 -8.97
1 month -2.79 -3.00
3 months -0.29 -0.33
1 year -14.12 -15.06
3 years -15.78 -21.08
5 years 35.84 25.60
Since launch 4.60 -0.63
Key Figures Fund Benchmark*
Annualised return in %** -5.56 -7.59
Volatility in %** 31.81 30.12
Alpha in %** 2.34
Beta** 1.04
Sharpe Ratio** -0.16 -0.24
Correlation** 0.99
Information ratio** 0.40
Tracking error in %** 5.09
Discrete Year
Performance (indexed at 100)
Itaú USA Asset Management Inc.
Launch date 01/08/2007
ISIN LU0309468808
Sedol B23S383
WKN A0MWQF
Bloomberg ticker NLABPEU LX
Number of holdings 78
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
10.46
79.17
0
* MSCI EM Latin America 10/40 - Net Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 27/11/2008. The past performance data shown prior to that date is related to the sub-fund's previous reference index, MSCI Latin America Free Index.This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Brazil 68.12
Mexico 22.32
Chile 7.58
United States 0.46
Net Liquid Assets 1.52
Country Fund
Materials 25.18
Financials 24.36
Communication Services 9.18
Energy 8.43
Consumer Staples 8.33
Consumer Discretionary 6.51
Real Estate 4.86
Industrials 4.56
Other 7.08
Net Liquid Assets 1.52
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Vale Brazil Materials 5.42
B3 SA - Brasil Bolsa Balcao Brazil Financials 5.03
Grupo Mexico Mexico Materials 4.71
Banco Bradesco Brazil Financials 4.55
Vale ADR Brazil Materials 3.82
Magazine Luiza Brazil Consumer Discretionary 3.57
Petroleo Brasileiro Brazil Energy 3.06
Itau Unibanco Holding Brazil Financials 3.00
Grupo Financiero Banorte Mexico Financials 2.99
America Movil ADR Mexico Communication Services 2.83
The fund aims to outperform the MSCI LatAm 10/40 Index over a three year period through an active top-down and bottom-up, fundamentally oriented investment approach combined with local market insights. The top-down analysis mainly determines country allocation, while the bottom-up analysis has a greater impact on stock picking inside a given country. The most important source of excess return will be stock-picking. The fund is not restricted to stocks which can be qualified as either value or growth. It has a target excess return of 3% per annum above the benchmark and an ex-ante tracking error of ± 6% per annum. The portfolio will hold on average 40-60 stocks, with no short selling allowed. The manager seeks to remain fully invested with a max cash position of 5% although usually this figure will be less than 2%.
Investment Strategy
64
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Long Duration US Bond Fund
Cumulative Fund Benchmark*
Year To Date -10.85 -8.97
1 month -7.57 -5.57
3 months -12.24 -10.05
1 year -8.66 -6.02
3 years
5 years
Since launch 6.77 11.64
Key Figures Fund Benchmark*
Annualised return in %**
Volatility in %**
Year to maturity 24.27
Effective Duration 18.14
Effective Yield in % 2.10
Correlation**
Information ratio**
Tracking error in %**
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 26/06/2019
ISIN LU2017791620
Sedol BKKJD30
WKN A2PM3X
Bloomberg ticker NLUBBPU LX
Number of holdings 18
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
106.77
4.33
0
* Bloomberg Barclays Series - E US Govt 10+ Yr Bond Index (Source: NIMS)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Government Bonds 96.25
Net Liquid Assets 3.75
Asset Type Fund
AAA 96.25
AA
A
BBB
BB
B
CCC
<CCC
NR
Net Liquid Assets 3.75
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
United States Treasury Note/ 3.375% 15-05-2044 Government Bonds AAA 8.52
United States Treasury Note/ 3% 15-11-2044 Government Bonds AAA 8.06
United States Treasury Note/ 2.25% 15-08-2046 Government Bonds AAA 7.90
United States Treasury Note/ 3% 15-05-2045 Government Bonds AAA 7.48
United States Treasury Note/ 3% 15-05-2047 Government Bonds AAA 7.23
United States Treasury Note/ 3.125% 15-05-2048 Government Bonds AAA 6.67
United States Treasury Note/ 3% 15-02-2048 Government Bonds AAA 5.95
United States Treasury Note/ 2.875% 15-05-2043 Government Bonds AAA 5.76
United States Treasury Note/ 2.5% 15-02-2046 Government Bonds AAA 5.49
United States Treasury Note/ 2.875% 15-11-2046 Government Bonds AAA 5.43
The fund invests in high quality US bonds with a long duration to offer investors a strong diversifier in case risky assets sell off.
Investment Strategy
65
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Low Duration European Covered Bond Fund
Cumulative Fund Benchmark*
Year To Date -0.04 -0.15
1 month -0.06 -0.01
3 months -0.20 -0.11
1 year 0.92 0.34
3 years 2.38 0.84
5 years
Since launch 2.39 0.81
Key Figures Fund Benchmark*
Annualised return in %** 0.79 0.28
Volatility in %** 1.03 1.13
Year to maturity 3.87
Effective Duration 0.51
Effective Yield in % -0.20
Correlation** 0.62
Information ratio** 0.54
Tracking error in %** 0.95
Discrete Year
Performance (indexed at 100)
Danish Fixed Income & Euro Covered Bond Team
Launch date 24/10/2017
ISIN LU1694212348
Sedol BF53ZV4
WKN A2H6PJ
Bloomberg ticker NOLDBPE LX
Number of holdings 215
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
0.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
102.39
4,571.82
0
* Iboxx Euro Covered Interest Rate 1Y Duration Hedged (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is Iboxx Euro Covered Interest Rate 1Y Duration Hedged. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against Iboxx Euro Covered Interest Rate 1Y Duration Hedged. This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Denmark 21.78
Italy 17.46
France 13.11
Greece 7.45
Norway 5.81
Germany 4.29
Sweden 3.78
United Kingdom 3.12
Other 20.17
Net Liquid Assets 3.05
Country Fund
AAA 55.44
AA 19.24
A 2.92
BBB 9.36
BB 7.66
B
CCC 0.51
<CCC
NR 1.83
Net Liquid Assets 3.05
Rating Fund
Top Holdings in %
Security Name Country Rating Weight
Nykredit Realkredit 2% 01-01-2025 SDO A H Denmark AAA 3.11
Nykredit Realkredit 1% 07-01-2025 SDO A H Denmark AAA 3.02
French Republic Government B 0.7% 25-07-2030 France AA 2.59
Nordea Kredit 1% 10-01-2025 IO SDRO A 2 Denmark AAA 2.22
Stadshypotek AB 1% 03-09-2025 Sweden AAA 2.22
Cie de Financement Foncier S 0.325% 12-09-2023 France AAA 2.14
Hellenic Republic Government 0.75% 18-06-2031 Greece BB 1.98
Italy Buoni Poliennali Del T 0.4% 15-05-2030 Italy BBB 1.88
Nykredit Realkredit 1% 01-01-2022 SDO A H Denmark AAA 1.79
Banca Monte dei Paschi di Si 1.25% 20-01-2022 Italy AA 1.71
The fund invests a minimum of two-thirds of its total assets (after deduction of cash) in high credit quality covered bonds which are admitted for official listing on a stock exchange or traded in another regulated market within the OECD and are issued by companies or financial institutions domiciled or exercising the predominant part of their economic activities in Europe. The fund's investment philosophy builds on a quantitative and risk-based approach. The modified duration of the fund at all times must be between 0 and 2.
Investment Strategy
66
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Low Duration US High Yield Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.08 0.02
1 month 0.08 0.01
3 months 0.76 0.03
1 year 4.57 0.40
3 years 11.42 4.69
5 years 19.98 6.13
Since launch 32.70 7.06
Key Figures Fund Benchmark*
Annualised return in %** 3.67 1.54
Volatility in %** 3.65 0.29
Year to maturity 3.50
Effective Duration 1.85
Effective Yield in % 3.30
Correlation** -0.44
Information ratio** 0.56
Tracking error in %** 3.79
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 02/03/2011
ISIN LU0602537069
Sedol B5MN164
WKN A1H9ZT
Bloomberg ticker NLDUBPU LX
Number of holdings 168
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
13.27
167.17
0
* ICE BofA Merrill Lynch 0-3M U.S. T-Bill Index (Source: NIMS)** Annualized 3 year dataThe sub-fund's reference index changed on 04/10/2012. The past performance data shown prior to that date is related to the sub-fund's previous reference index, LIBOR USD 3 Month Total Return Index.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 98.37
Government Bonds 0.18
Net Liquid Assets 1.45
Asset Type Fund
AAA 0.18
AA
A
BBB 7.77
BB 63.91
B 25.73
CCC 0.59
<CCC
NR 0.36
Net Liquid Assets 1.45
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Tenet Healthcare Corp 4.625% 15-07-2024 Corporate Bonds BB 1.81
Ford Motor Credit Co LLC 4.25% 20-09-2022 Corporate Bonds BB 1.73
Targa Resources Partners LP 4.25% 15-11-2023 Corporate Bonds BB 1.73
Hanesbrands Inc 4.625% 15-05-2024 Corporate Bonds BB 1.65
Mauser Packaging Solutions H 5.5% 15-04-2024 Corporate Bonds B 1.50
Bausch Health Cos Inc 6.125% 15-04-2025 Corporate Bonds B 1.47
T-Mobile USA Inc 6% 01-03-2023 Corporate Bonds BB 1.46
SBA Communications Corp 4.875% 01-09-2024 Corporate Bonds BB 1.46
Sprint Communications Inc 6% 15-11-2022 Corporate Bonds BB 1.42
Clearway Energy Operating LL 5.75% 15-10-2025 Corporate Bonds BB 1.36
The fund seeks to achieve attractive risk-adjusted return by identifying target bonds through eliminating uncompensated risk. The fund manager rigorously screens the investment universe for risk in order to quantify upside potential using bond analysis, not equity-style analysis. By targeting the sweet spot for risk compensation, the managers goal is to eliminate rather than to include bonds. The underlying belief is that to deliver attractive returns it is more important to recognise which bonds not to include in the portfolio, than to focus on the ones that should be selected. This fund focuses primarily on maintaining a low duration using high yield instruments and Treasury futures. The investment process is dominated by bottom-up security selection, with macroeconomic analysis as an integral part.
Investment Strategy
67
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Nordic Equity Fund
Cumulative Fund Benchmark*
Year To Date 5.31 2.26
1 month 3.53 1.41
3 months 7.97 4.40
1 year 32.08 27.07
3 years 37.34 33.58
5 years 64.05 59.63
Since launch 1,031.10 1,629.85
Key Figures Fund Benchmark*
Annualised return in %** 11.15 10.13
Volatility in %** 17.74 15.52
Alpha in %** -0.10
Beta** 1.11
Sharpe Ratio** 0.65 0.68
Correlation** 0.97
Information ratio** 0.22
Tracking error in %** 4.74
Discrete Year
Performance (indexed at 100)
Nordic, Finnish and Swedish Equities Team
Launch date 04/05/1992
ISIN LU0064675639
Sedol 4919867
WKN 973346
Bloomberg ticker FRTISEQ LX
Number of holdings 32
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
113.11
221.54
0
* MSCI Nordic 10/40 Index (Net Return) (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 23/11/2015. The past performance data shown prior to that date is related to the sub-fund's previous reference index, MSCI Nordic - Net Return Index.This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Sweden 48.54
Finland 21.33
Denmark 13.94
Norway 12.05
Switzerland 0.90
United States 0.86
Net Liquid Assets 2.38
Country Fund
Consumer Discretionary 22.63
Financials 18.84
Consumer Staples 16.77
Industrials 15.50
Health Care 9.73
Materials 5.89
Energy 4.35
Communication Services 2.14
Information Technology 1.77
Net Liquid Assets 2.38
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Kindred Group SDB Sweden Consumer Discretionary 8.94
Evolution Gaming Sweden Consumer Discretionary 6.39
Sampo A Finland Financials 6.13
Swedish Match Sweden Consumer Staples 5.99
Gjensidige Forsikring Norway Financials 5.86
Novo Nordisk B Denmark Health Care 5.28
Volvo B Sweden Industrials 4.72
Hennes & Mauritz B Sweden Consumer Discretionary 4.67
Kesko B Finland Consumer Staples 3.79
Bakkafrost Norway Consumer Staples 3.67
The fund taps into a potential investment universe of Nordic-listed companies. This means that the fund has access to world-class companies with strong global market positions, offering broad sector exposure within a relatively compact geographical area. The Nordic region has enjoyed more robust growth than Europe as a whole over the past 10 years. Nordic companies have sound financials and are positioned to benefit from global equity growth. Essentially the funds investment approach involves a fundamental bottom-up process, focusing on internal research and targeting stocks with three common characteristics: attractive valuation, positive earnings momentum and positive news flow. The stock market is screened using both external and internal sources with respect to key parameters, such as FCFy, EV/EBITDA, EV/EBIT, P/E, etc. Both absolute and relative valuations are considered, with quantitative research supporting, but not determining, the weight allocation.
Investment Strategy
68
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Nordic Equity Small Cap Fund
Cumulative Fund Benchmark*
Year To Date -0.47 2.32
1 month 0.93 2.96
3 months 7.10 9.62
1 year 43.88 36.36
3 years 55.23 57.33
5 years 120.42 105.18
Since launch 280.00 145.76
Key Figures Fund Benchmark*
Annualised return in %** 15.79 16.31
Volatility in %** 21.17 22.13
Alpha in %** 0.71
Beta** 0.93
Sharpe Ratio** 0.76 0.75
Correlation** 0.97
Information ratio** -0.09
Tracking error in %** 5.54
Discrete Year
Performance (indexed at 100)
Nordic, Finnish and Swedish Equities Team
Launch date 15/01/2007
ISIN LU0278527428
Sedol B1LCPG2
WKN A0LGUG
Bloomberg ticker NORESCF LX
Number of holdings 170
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
38.00
147.90
0
* Carnegie Small CSX Return Nordic (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 30/04/2013. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Carnegie Nordic Small Cap Index.This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Sweden 56.29
Finland 20.17
Denmark 9.92
Norway 6.36
Switzerland 4.98
Canada 0.46
United States 0.00
Net Liquid Assets 1.82
Country Fund
Industrials 31.73
Consumer Discretionary 16.83
Materials 13.96
Health Care 12.06
Information Technology 7.63
Communication Services 7.14
Consumer Staples 4.14
Financials 3.61
Other 1.07
Net Liquid Assets 1.82
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
SECTRA B Sweden Health Care 7.42
Fenix Outdoor Int. B Switzerland Consumer Discretionary 4.98
Holmen B Sweden Materials 4.92
NENT Group B Sweden Communication Services 3.76
Vaisala A Finland Information Technology 3.07
SSAB B Sweden Materials 2.94
Uponor Finland Industrials 2.51
Bactiguard B Sweden Health Care 2.30
AcadeMedia Sweden Consumer Discretionary 2.19
Ponsse Finland Industrials 2.05
The fund invests a minimum of three-fourths of its net assets in equities, other equity shares such as co-operative shares and participation certificates (equities and equity rights), dividend-right certificates and warrants on transferable securities issued by companies which are domiciled in the Nordic region. It invests according to a fundamental bottom up stock picking approach, whereby The fund manager identifies stocks than will benefit in the future. Stocks are selected on the basis of attractive valuation, positive earnings momentum and positive news flow.
Investment Strategy
69
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Nordic Ideas Equity Fund
Cumulative Fund Benchmark*
Year To Date 4.96 2.26
1 month 3.64 1.41
3 months 8.07 4.40
1 year 33.32 27.07
3 years 32.31 33.58
5 years 57.37 59.63
Since launch 105.98 98.06
Key Figures Fund Benchmark*
Annualised return in %** 9.78 10.13
Volatility in %** 18.23 15.59
Alpha in %** -1.44
Beta** 1.10
Sharpe Ratio** 0.56 0.67
Correlation** 0.94
Information ratio** -0.06
Tracking error in %** 6.21
Discrete Year
Performance (indexed at 100)
Nordic, Finnish and Swedish Equities Team
Launch date 29/04/2013
ISIN LU0915372659
Sedol B92NY41
WKN A1T958
Bloomberg ticker NRDIBPE LX
Number of holdings 25
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
205.98
91.39
0
* MSCI Nordic 10/40 Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is MSCI Nordic 10/40 Index (Net Dividends Reinvested). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI Nordic 10/40 Index (Net Dividends Reinvested). This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Sweden 45.46
Finland 26.66
Denmark 14.71
Norway 11.04
Net Liquid Assets 2.14
Country Fund
Consumer Discretionary 21.53
Financials 19.35
Industrials 18.73
Consumer Staples 16.01
Information Technology 6.46
Materials 6.21
Health Care 6.12
Energy 3.47
Net Liquid Assets 2.14
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Evolution Gaming Sweden Consumer Discretionary 8.19
Kindred Group SDB Sweden Consumer Discretionary 8.15
Sampo A Finland Financials 6.17
Tryg Denmark Financials 5.37
Swedish Match Sweden Consumer Staples 5.16
Atlas Copco A Sweden Industrials 4.87
Volvo B Sweden Industrials 4.77
Gjensidige Forsikring Norway Financials 4.72
F-Secure Finland Information Technology 4.63
Kesko B Finland Consumer Staples 4.31
The fund invests in Nordic-listed companies which are domiciled or exercise the predominant part of their economic activity in the Nordic region (Sweden, Norway, Denmark and Finland). This means that the fund has access to both world-class companies with strong global market positions and domestic companies positioned to become the winners of tomorrow. The Nordic region has enjoyed more robust growth than Europe as a whole over the past decade and its companies have sound financials and are positioned to benefit from global equity growth. The fund invests in a concentrated portfolio of Nordic's best positioned companies across all market capitalization with a mid-cap bias, using a pure fundamental bottom-up analysis focusing on internal research. The investment universe is screened using both internal and external sources where both absolute and relative valuations are considered.
Investment Strategy
70
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Nordic Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date -1.77 2.26
1 month -1.61 1.41
3 months 2.35 4.40
1 year 27.12 27.07
3 years 35.93 33.58
5 years 63.87 59.63
Since launch 73.88 66.08
Key Figures Fund Benchmark*
Annualised return in %** 10.77 10.13
Volatility in %** 18.44 15.52
Alpha in %** -0.84
Beta** 1.14
Sharpe Ratio** 0.60 0.68
Correlation** 0.96
Information ratio** 0.12
Tracking error in %** 5.57
Discrete Year
Performance (indexed at 100)
Nordic, Finnish and Swedish Equities Team
Launch date 19/08/2014
ISIN LU1079987720
Sedol BPCX0N4
WKN A12AD7
Bloomberg ticker NOSEBPE LX
Number of holdings 32
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
173.88
159.64
0
* MSCI Nordic 10/40 Index (Net Return) (Source: Datastream)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is MSCI Nordic 10/40 Index (Net Dividends Reinvested). Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against MSCI Nordic 10/40 Index (Net Dividends Reinvested). This reference index is used for performance comparison purposes.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Sweden 36.77
Finland 31.65
Denmark 13.80
Norway 12.11
Switzerland 2.72
United States 0.98
Net Liquid Assets 1.97
Country Fund
Industrials 22.39
Financials 17.84
Health Care 12.28
Consumer Staples 11.20
Materials 9.60
Information Technology 9.22
Consumer Discretionary 8.90
Energy 3.55
Communication Services 3.05
Net Liquid Assets 1.97
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Sampo A Finland Financials 5.64
Novo Nordisk B Denmark Health Care 5.47
Gjensidige Forsikring Norway Financials 5.32
Volvo B Sweden Industrials 5.23
SECTRA B Sweden Health Care 5.02
Bakkafrost Norway Consumer Staples 4.22
Holmen B Sweden Materials 4.02
Neste Finland Energy 3.55
F-Secure Finland Information Technology 3.54
Essity B Sweden Consumer Staples 3.50
This Sub-fund aims to achieve long-term capital growth by investing mainly in a diversified portfolio of equity or Equities Related Securities of companies, which are domiciled or exercise the predominant part of their economic activity in the Nordic countries. The fund is managed by the Fundamental Equities Team, based in Stockholm, focusing on fundamental bottom-up research. Alpha is generated through stock selection and by actively incorporating an ESG based analysis as part of the investment process.
Investment Strategy
71
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Nordic Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 79% / 95%
Benchmark: MSCI Nordic 10/40 Index (Net Return)
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
43Benchmark
127
-66%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
72
Fact Sheet | February 2021 | Advertising material
Nordea 1 - North American High Yield Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.93 0.67
1 month 0.57 0.30
3 months 2.82 2.59
1 year 4.47 8.59
3 years 13.30 19.87
5 years 38.48 52.64
Since launch 43.71 60.48
Key Figures Fund Benchmark*
Annualised return in %** 4.25 6.23
Volatility in %** 10.86 9.38
Year to maturity 12.25
Effective Duration 3.37
Effective Yield in % 4.57
Correlation** 0.99
Information ratio** -1.01
Tracking error in %** 1.96
Discrete Year
Performance (indexed at 100)
Aegon USA Investment Management, LLC
Launch date 04/12/2012
ISIN LU0826399429
Sedol B8L6R67
WKN A1KADC
Bloomberg ticker NNAHBPU LX
Number of holdings 512
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
143.71
835.92
0
* ICE BofA US High Yield Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 98.54
Equities 1.00
Net Liquid Assets 0.46
Asset Type Fund
AAA
AA
A
BBB 5.79
BB 48.48
B 33.92
CCC 8.96
<CCC 0.42
NR 1.98
Net Liquid Assets 0.46
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
GMAC Capital Trust I MULTI 15-02-2040 Corporate Bonds BB 1.40
Cornerstone Building Brands 8% 15-04-2026 Corporate Bonds B 0.88
HCA Inc 5.875% 15-02-2026 Corporate Bonds BB 0.79
Occidental Petroleum Corp 6.45% 15-09-2036 Corporate Bonds BB 0.77
CCO Holdings LLC / CCO Holdi 5.75% 15-02-2026 Corporate Bonds BB 0.71
Dana Financing Luxembourg Sa 5.75% 15-04-2025 Corporate Bonds BB 0.70
Virgin Media Secured Finance 5.5% 15-05-2029 Corporate Bonds BB 0.63
Lincoln National Corp MULTI 17-05-2066 Corporate Bonds BBB 0.62
Crown Americas LLC / Crown A 4.75% 01-02-2026 Corporate Bonds BB 0.61
Occidental Petroleum Corp 2.9% 15-08-2024 Corporate Bonds BB 0.57
The fund invests into High Yield Bonds issued by companies which are domiciled or exercise the predominant part of their economic activity in the United States of America. The fund seeks to achieve attractive risk-adjusted return by using a fundamental and research driven approach to investing in the high yield investment universe. Traditional and distressed credit analysis is the driver of the investment process and is at the core of the portfolio construction. The distressed credit analysis helps evaluate opportunities in the lower quality portion of the high yield market where dislocations may occur.
Investment Strategy
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Fact Sheet | February 2021 | Advertising material
Nordea 1 - North American Small Cap Fund
Cumulative Fund Benchmark*
Year To Date 9.26 15.09
1 month 6.68 9.35
3 months 13.81 24.13
1 year 30.79 40.22
3 years 5.84 35.42
5 years 50.44 102.05
Since launch 82.75 156.88
Key Figures Fund Benchmark*
Annualised return in %** 1.91 10.63
Volatility in %** 25.39 26.85
Alpha in %** -8.01
Beta** 0.92
Sharpe Ratio** 0.00 0.32
Correlation** 0.97
Information ratio** -1.36
Tracking error in %** 6.40
Discrete Year
Performance (indexed at 100)
River Road Asset Management LLC
Launch date 01/10/2012
ISIN LU0826405176
Sedol B7KG824
WKN A1J54B
Bloomberg ticker NAMSBPU LX
Number of holdings 58
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
182.75
47.96
0
* Russell 2000 Value Index – Net Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 19/06/2019. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Russell 2000 Index – Net Return Index.This reference index is used for performance comparison purposes.With effect as of 19/06/2019 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 91.28
Israel 1.38
United Kingdom 0.51
Net Liquid Assets 6.83
Country Fund
Industrials 32.14
Information Technology 17.08
Financials 14.50
Consumer Staples 9.44
Health Care 5.37
Consumer Discretionary 5.04
Communication Services 3.66
Energy 3.44
Other 2.51
Net Liquid Assets 6.83
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
White Mountains Insurance Group United States Financials 4.43
Air Transport Services Group United States Industrials 3.90
UniFirst United States Industrials 3.87
Cannae Holdings United States Financials 3.66
BJ's Wholesale Club Holdings United States Consumer Staples 3.12
Premier United States Health Care 2.99
Avaya Holdings United States Information Technology 2.91
NCR United States Information Technology 2.84
Hostess Brands United States Consumer Staples 2.77
Comfort Systems USA United States Industrials 2.54
The fund strives to provide clients with above market investment performance over a market cycle. The investment process follows a fundamentally-oriented, bottom-up investment approach, aiming to identify mispricing from the undue influence of multiple emotional biases. Focus is placed on the uncertainty surrounding a company’s ability to successfully enter or extend an earnings growth cycle, seeking to take advantage as corresponding investor cynicism about this ability declines from elevated levels. The fund invests in stocks with a market capitalization between USD 200 million and USD 5 billion.
Investment Strategy
74
Fact Sheet | February 2021 | Advertising material
Nordea 1 - North American Stars Equity Fund
Cumulative Fund Benchmark*
Year To Date 2.85 2.60
1 month 3.19 3.09
3 months 5.97 7.18
1 year 41.04 34.67
3 years 50.14 49.56
5 years 104.63 117.04
Since launch 188.04 234.04
Key Figures Fund Benchmark*
Annualised return in %** 14.51 14.36
Volatility in %** 17.95 19.11
Alpha in %** 1.30
Beta** 0.91
Sharpe Ratio** 0.70 0.65
Correlation** 0.97
Information ratio** 0.03
Tracking error in %** 4.96
Discrete Year
Performance (indexed at 100)
Fundamental Equities Team
Launch date 30/05/2012
ISIN LU0772958525
Sedol B753GC6
WKN A1J0G1
Bloomberg ticker NNAABPU LX
Number of holdings 64
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
288.04
1,035.06
0
* Russell 3000 - Net Return Index (Source: Datastream)** Annualized 3 year dataWith effect as of 19/11/2018 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 19/11/2018 the sub-fund is renamed from Nordea 1 - North American All Cap Fund to Nordea 1 - North American Stars Equity Fund.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 96.51
United Kingdom 1.64
China 1.12
Net Liquid Assets 0.73
Country Fund
Information Technology 28.18
Financials 14.24
Health Care 13.41
Industrials 12.54
Consumer Discretionary 11.04
Communication Services 7.50
Consumer Staples 4.77
Materials 4.50
Other 3.08
Net Liquid Assets 0.73
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Alphabet United States Communication Services 6.01
Microsoft United States Information Technology 5.66
Amazon.com United States Consumer Discretionary 5.25
Apple United States Information Technology 4.11
JPMorgan Chase United States Financials 3.54
Visa United States Information Technology 2.87
Texas Instruments United States Information Technology 2.40
Stryker United States Health Care 2.29
AbbVie United States Health Care 2.19
Autoliv United States Consumer Discretionary 2.14
The fund is a North American, long only equity fund which aims to generate an outperformance of 3% p.a. compared to the Russell 3000 Net Return index, over a full investment cycle. The portfolio follows a bottom-up stock selection approach and invests in companies exhibiting attractive fundamentals as well as strong ESG (environmental, social and governance) profiles. The fund has therefore a strong ESG bias with the aim of investing in companies with well managed ESG profiles and/or that contribute to solutions tackling global ESG challenges. The management team has a 3 to 5 year investment horizon.
Investment Strategy
75
Fact Sheet | February 2021 | Advertising material
Nordea 1 - North American Stars Equity Fund
ESG Rating
Fund AAA AA A BBB BB B CCC
Benchmark AAA AA A BBB BB B CCC
Coverage Rate (Fund/Benchmark): 99% / 99%
Benchmark: Russell 3000 - Net Return Index
Source: MSCI ESG research LLC
ESG rating breakdown
Leader Average Laggard
Source: MSCI ESG research LLC
CCCBBBBBBAAAAAA NR Cash
Fund Benchmark
ESG Scores per pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.The overall portfolio rating is calculated on an industry relative basis while the underlying individual E,S and G ratings are absolute. Hence, the overall rating cannot be seen as an average of the individual E, S and G ratings. Rated on a scale of 0 to 10, where 0 is very poor and 10 is very good.
Portfolio exposure by ESG pillar
Source: All data is from MSCI ESG Fund Ratings as of 26/02/2021, based on holdings as of 31/12/2020.
Risk and Reward Profile
Lower risk Higher risk
7654321
ESG Labels
Label ISR recognises the fund. Label ISR is created and supported by the French Finance Ministry. The label’s goal is to increase the visibility of SRI products among savers in France and Europe.The fund is recognized by LuxFLAG ESG Label. LuxFLAG is an international and independent non-profit association and labelling agency.The fund has received recognition from the Belgian Central Labelling Agency in the form of Towards Sustainability label. The label aims to instil trust and reassure potential investors that the financial product is managed with sustainability in mind and is not exposed to very unsustainable practices, without requiring of investors to do a detailed analysis themselves.
Weighted average carbon intensity
(In Tons of CO2 equivalent per dollar millions of sales)
Fund
77Benchmark
132
-42%
Source: Data sourced from MSCI Inc. for equities and ISS Ethix for fixed Income. For sovereigns (countries) turnovers is replaced by GDP. Please note that only scope 1 & 2 are taken into consideration, excluding scope 3. The carbon intensity of our fund might therefore appear higher than the benchmark.
Sustainability characteristics
Engagement
ESG Integration
ESG positive screening and selection
Norm based screening and corporate exclusion list
Voting
ESG integration summaryThis fund does not invest in companies involved in the production of illegal or nuclear weapons or exhibiting more than 10% of their revenues from oil sand. We also exclude companies with large and sustained exposure to coal mining, with a 10% revenue threshold on thermal coal and a 30% revenue threshold on total coal (including metallurgical coal). Beyond these corporate exclusions (1), we have developed a specific range of cutting-edge products focusing on Responsible Investment: the STARS funds. Our dedicated Responsible Investment team conducts a thorough ESG analysis on each holding resulting in an internal score. Our proprietary ESG scoring model includes a business model dimension in addition to environmental, social and governance aspects. We assess how sustainability trends can positively or negatively impact the company’s business model, its value chain, products and services. We also seek to understand the company’s contribution to these themes. Please note that the MSCI ESG rating is mainly backward looking, relying mainly on publicly available information and can differ from Nordea’s internal scoring which is based on a forward-looking approach. (1) Nordea Asset Management corporate exclusion list is available on the following link: https://www.nordea.com/en/sustainability/sustainable-business/investments/exclusion-list/
The metrics are used for illustrative purposes only and solely rely on MSCI ESG Research views© 2021 MSCI ESG Research LLC. Reproduced by permission. Although Nordea Investment Management AB information providers, including without limitation, MSCI ESG Research LLC and“ its affiliates (the “ESG Parties”), obtain information from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness of any data herein. None of the ESG Parties makes any express or implied warranties of any kind, and the ESG Parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to any data herein. None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein. Further, without limiting any of the foregoing, in no event shall any of the ESG Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
76
Fact Sheet | February 2021 | Advertising material
Nordea 1 - North American Value Fund
Cumulative Fund Benchmark*
Year To Date 2.67 5.61
1 month 2.90 6.21
3 months 6.01 9.87
1 year 17.72 22.43
3 years 15.79 30.72
5 years 59.81 91.30
Since launch 566.40 562.66
Key Figures Fund Benchmark*
Annualised return in %** 5.01 9.34
Volatility in %** 20.33 20.06
Alpha in %** -4.20
Beta** 0.98
Sharpe Ratio** 0.15 0.37
Correlation** 0.97
Information ratio** -0.87
Tracking error in %** 4.99
Discrete Year
Performance (indexed at 100)
River Road Asset Management LLC
Launch date 14/03/1997
ISIN LU0076314649
Sedol 5229093
WKN 973348
Bloomberg ticker UNINAVI LX
Number of holdings 26
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
66.64
442.82
0
* Russell 3000 Value Index - Net Return Index (Source: Datastream)** Annualized 3 year dataThe sub-fund's reference index changed on 19/06/2019. The past performance data shown prior to that date is related to the sub-fund's previous reference index, S&P 500 Composite – Total Return Index.This reference index is used for performance comparison purposes.With effect as of 19/06/2019 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
United States 91.93
Mexico 4.06
United Kingdom 3.58
Net Liquid Assets 0.43
Country Fund
Financials 26.41
Communication Services 20.14
Consumer Staples 15.37
Information Technology 10.02
Health Care 9.53
Consumer Discretionary 7.41
Utilities 5.94
Energy 2.62
Industrials 2.12
Net Liquid Assets 0.43
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Liberty Broadband United States Communication Services 9.20
Berkshire Hathaway United States Financials 8.74
Comcast United States Communication Services 6.03
Fidelity National Financial United States Financials 5.23
Liberty Media Corp-Liberty SiriusXM United States Communication Services 4.91
Cisco Systems United States Information Technology 4.29
Fomento Economico Mexicano ADR Mexico Consumer Staples 4.06
LKQ United States Consumer Discretionary 3.79
Bristol-Myers Squibb United States Health Care 3.78
AES United States Utilities 3.69
The fund seeks to achieve better than benchmark performance over full market cycles, with the highest investment priority being capital preservation. The investment philosophy is based on three guiding principles, namely: focus on cash return on tangible capital rather than earnings per share; determine the value of a company by cash inflows and outflows discounted by an “optimal” cost of capital; and do not over-diversify but ensure high conviction positions contribute meaningfully to returns with limited turnover. The process utilizes qualitative and quantitative sources for idea generation.
Investment Strategy
77
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Norwegian Bond Fund
Cumulative Fund Benchmark*
Year To Date -1.40 -1.70
1 month -1.34 -1.50
3 months -1.95 -2.17
1 year 1.53 0.30
3 years 7.70 6.37
5 years 9.29 6.40
Since launch 128.91 161.32
Key Figures Fund Benchmark*
Annualised return in %** 2.50 2.08
Volatility in %** 2.51 2.47
Year to maturity 5.01
Effective Duration 4.46
Effective Yield in % 1.82
Correlation** 0.77
Information ratio** 0.25
Tracking error in %** 1.67
Discrete Year
Performance (indexed at 100)
Norwegian Fixed Income Team
Launch date 15/05/1998
ISIN LU0087209911
Sedol 5466124
WKN 988130
Bloomberg ticker FRONOBD LX
Number of holdings 101
Share class BP-NOK
Last NAV
AUM (Million NOK)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
228.91
4,633.70
0
* Bloomberg Barclays Series-E Norway Govt All 1+ Yr Bond Index (Source: NIMS)** Annualized 3 year dataThe sub-fund's reference index changed on 27/11/2020. The past performance data shown prior to that date is related to the sub-fund's previous reference indexes, OB (Oslo Stock Exchange) Government Bonds All Index until 27/11/2020 and CGBI WGBI NW All Mats (NOK) Total Return Index until 21/04/2015.This reference index is used for performance comparison purposes.Performances are in NOK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 70.11
Government Bonds 14.93
Covered Bonds 13.19
Net Liquid Assets 1.77
Asset Type Fund
AAA 21.74
AA 5.80
A 18.34
BBB 11.24
BB
B
CCC
<CCC
NR 41.11
Net Liquid Assets 1.77
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Den norske stat 20/30 1,375% Government Bonds AAA 8.03
Ferde AS 19/25 FRN Government Bonds NR 4.42
Ferde AS 19/24 FRN Corporate Bonds NR 3.69
Eiendomskreditt AS 19/25 FRN C COVD Covered Bonds AAA 3.55
Den norske stat 19/29 1,75% Government Bonds AAA 2.22
Nykredit Realkredit A/S 20/25 FRN Corporate Bonds BBB 2.20
Danske Bank A/S 20/24 FRN C Corporate Bonds A 2.16
Spb 1 Nord-Norge 19/24 2,37% Corporate Bonds AA 2.00
Olav Thon Eiendomsselskap ASA 19/24 FRN Corporate Bonds BBB 1.83
Spb 1 SMN 20/25 FRN Corporate Bonds A 1.78
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Norway. The Sub-fund invests in bonds denominated in NOK. Invested are government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The Fund may further use derivative instruments to reduce risks. The Fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Investment Strategy
78
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Norwegian Equity Fund
Cumulative Fund Benchmark*
Year To Date 6.66 2.96
1 month 7.11 4.10
3 months 15.02 8.04
1 year 34.10 23.59
3 years 20.37 29.02
5 years 88.81 79.97
Since launch 215.40 467.54
Key Figures Fund Benchmark*
Annualised return in %** 6.37 8.86
Volatility in %** 23.95 17.99
Alpha in %** -4.50
Beta** 1.28
Sharpe Ratio** 0.19 0.40
Correlation** 0.96
Information ratio** -0.30
Tracking error in %** 8.17
Discrete Year
Performance (indexed at 100)
Nordea Equities Norway Team
Launch date 21/11/1997
ISIN LU0081952003
Sedol 5370452
WKN 987575
Bloomberg ticker FORNOEQ LX
Number of holdings 74
Share class BP-NOK
Last NAV
AUM (Million NOK)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
315.40
1,008.44
0
* Oslo Exchange Mutual Fund - Total Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in NOK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Norway 96.81
Netherlands 0.68
Hong Kong 0.45
Denmark 0.37
Sweden 0.28
Canada 0.00
Net Liquid Assets 1.41
Country Fund
Financials 21.55
Industrials 13.01
Materials 12.90
Information Technology 12.20
Consumer Staples 12.19
Energy 11.64
Consumer Discretionary 5.05
N/A 2.87
Other 7.18
Net Liquid Assets 1.41
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Atea Norway Information Technology 6.84
Aker BP Norway Energy 6.32
Yara International Norway Materials 4.84
SpareBank 1 SMN Norway Financials 4.48
SalMar Norway Consumer Staples 4.33
Borregaard Norway Materials 4.06
Bouvet Norway Information Technology 3.57
DNB Norway Financials 3.12
SpareBank 1 SR-Bank Norway Financials 3.06
AKVA Group Norway Industrials 2.79
The fund invests a minimum of three-fourths of its net assets in equities, other equity shares such as co-operative shares and participation certificates (equities and equity rights), dividend-right certificates and warrants on transferable securities issued by companies which are domiciled or exercise the predominant part of their economic activity in Norway. The fund manager invests according to a fundamental bottom-up stock picking approach identifying companies able to generate strong long-term earnings. These are selected on the basis of attractive valuation, positive earnings momentum, cash flow generation capacity and management qualities.
Investment Strategy
79
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Norwegian Short-Term Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.39 0.19
1 month 0.17 0.07
3 months 0.52 0.24
1 year 1.45 0.95
3 years 4.66 4.09
5 years 8.37 6.10
Since launch 110.78 123.68
Key Figures Fund Benchmark*
Annualised return in %** 1.53 1.35
Volatility in %** 1.11 0.39
Year to maturity 2.78
Effective Duration 0.15
Effective Yield in % 0.89
Correlation** 0.95
Information ratio** 0.25
Tracking error in %** 0.75
Discrete Year
Performance (indexed at 100)
Norwegian Fixed Income Team
Launch date 11/07/1997
ISIN LU0078812822
Sedol 5297454
WKN 987173
Bloomberg ticker FRONKRR LX
Number of holdings 116
Share class BP-NOK
Last NAV
AUM (Million NOK)
Minimum investment (EUR)
0.125Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
210.78
3,696.80
0
* 50% NIBOR 3M and 50% Norway FI - RM123FRN (Source: NIMS)** Annualized 3 year dataThe sub-fund's reference index changed on 19/11/2018. The past performance data shown prior to that date is related to the sub-fund's previous reference indexes, Norwegian Interbank 3 Month (NIBOR) rate until 19/11/2018 and Norway Deposit 3 Month - Total Return until 15/01/2010.This reference index is used for performance comparison purposes.With effect as of 19/11/2018 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 19/11/2018 the sub-fund is renamed from Nordea 1 - Norwegian Kroner Reserve to Nordea 1 - Norwegian Short-Term Bond Fund.Performances are in NOK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Norway 73.66
Sweden 11.90
Denmark 9.53
Netherlands 3.01
Germany 0.56
Net Liquid Assets 1.34
Country Fund
Corporate Bonds 83.26
Covered Bonds 13.80
Government Bonds 1.60
Net Liquid Assets 1.34
Asset Type Fund
Asset Allocation in %
Security Name Country Asset Type Weight
SSB Boligkreditt AS 19/23 FRN C COVD Norway Covered Bonds 3.53
Olav Thon Eiendomsselskap ASA 18/23 FRN Norway Corporate Bonds 3.12
Nykredit Realkredit A/S 20/25 FRN Denmark Corporate Bonds 2.76
Realkredit Danmark A/S 18/22 FRN COVD Denmark Covered Bonds 2.72
Danske Bank A/S 20/24 FRN C Denmark Corporate Bonds 2.71
Swedbank Hypotek AB 19/22 FRN COVD Sweden Covered Bonds 2.66
DNB Bank ASA 17/27 FRN C SUB Norway Corporate Bonds 2.05
Scania CV AB FRN 18-02-2022 Sweden Corporate Bonds 1.90
Swedbank AB FRN 04-05-2023 Sweden Corporate Bonds 1.87
Kongsberg Gruppen ASA 18/21 FRN FLOOR Norway Corporate Bonds 1.68
Top Holdings in %
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities denominated in NOK. The strategy is to invest mainly in NOK denominated short-term bonds and other short-term transferable debt securities listed on the Oslo Stock Exchange or traded in another regulated market within the OECD.
Investment Strategy
80
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Renminbi Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.69 0.73
1 month 0.24 0.39
3 months 1.14 1.35
1 year 0.02 0.81
3 years 3.44 15.43
5 years 20.91 17.06
Since launch 24.69 23.86
Key Figures Fund Benchmark*
Annualised return in %** 1.13 4.90
Volatility in %** 2.80 2.73
Year to maturity 7.42
Effective Duration 5.53
Effective Yield in % 3.33
Correlation** 0.34
Information ratio** -1.18
Tracking error in %** 3.18
Discrete Year
Performance (indexed at 100)
Manulife Investment Management (Hong Kong) Limited
Launch date 05/05/2015
ISIN LU1221952010
Sedol BXC4776
WKN A14SV6
Bloomberg ticker NREHBPC LX
Number of holdings 32
Share class BP-CNH
Last NAV
AUM (Million CNH)
Minimum investment (EUR)
1.100Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
124.69
185.73
0
* iBoxx Albi China Onshore Index (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is iBoxx Albi China Onshore Index. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against iBoxx Albi China Onshore Index. This reference index is used for performance comparison purposes.With effect as of 19/11/2018 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 19/11/2018 the sub-fund is renamed from Nordea 1 - Renminbi High Yield Bond Fund to Nordea 1 - Renminbi Bond Fund.Performances are in CNH
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 54.87
Government Bonds 41.92
Net Liquid Assets 3.21
Asset Type Fund
AAA
AA
A 42.50
BBB 6.49
BB
B
CCC
<CCC
NR 47.80
Net Liquid Assets 3.21
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
China Government Bond 2.86% 16-07-2030 Government Bonds A 8.31
China Government Bond 3.81% 14-09-2050 Government Bonds A 8.10
Far East Horizon Ltd 4.7% 09-02-2024 Corporate Bonds BBB 5.41
China Government Bond 3.13% 21-11-2029 Government Bonds A 5.34
China Government Bond 1.99% 09-04-2025 Government Bonds A 5.17
China Development Bank 3.9% 03-08-2040 Corporate Bonds NR 4.32
Export-Import Bank of China/ 3.33% 22-02-2026 Government Bonds NR 4.29
China National Chemical Corp 3.24% 24-04-2025 Corporate Bonds NR 4.12
Agricultural Development Ban 4.65% 11-05-2028 Corporate Bonds A 4.01
China Three Gorges Corp 4.15% 11-05-2026 Corporate Bonds NR 3.30
The fund seeks to achieve attractive risk-adjusted return over a full credit cycle by primarily investing in CNH and USD denominated Asian High Yield bonds. The fund will actively hedge USD-denominated Asian High Yield bonds into Renminbi (CNH or CNY) to benefit from the forward carry. The investment team places a strong emphasis on downside protection while making sure it is able to capture most of the upside potential. The Fund will combine a top-down allocation strategy with an accurate bottom-up credit analysis.
Investment Strategy
81
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Stable Emerging Markets Equity Fund
Cumulative Fund Benchmark*
Year To Date 3.92 3.10
1 month 2.09 0.60
3 months 9.68 9.24
1 year 12.70 28.88
3 years -10.37 16.30
5 years 27.34 82.31
Since launch 34.14 79.69
Key Figures Fund Benchmark*
Annualised return in %** -3.58 5.16
Volatility in %** 18.36 15.74
Alpha in %** -9.12
Beta** 1.12
Sharpe Ratio** -0.30 0.21
Correlation** 0.96
Information ratio** -1.54
Tracking error in %** 5.67
Discrete Year
Performance (indexed at 100)
Stable Equities / Multi Assets Team
Launch date 03/10/2011
ISIN LU0634510886
Sedol B62K474
WKN A1JP12
Bloomberg ticker NSEMBPU LX
Number of holdings 85
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.800Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 5.00
No / No
AccumulatingFund category
Swing factor / Threshold
67.07
515.67
0
* 80% MSCI Emerging Markets Index (Net Return) and 20% ICE 1 Month USD LIBOR (F... (Source: NIMS)** Annualized 3 year dataThe sub-fund's reference index changed on 04/10/2012. The past performance data shown prior to that date is related to the sub-fund's previous reference index, MSCI Emerging Markets Index (Net Return).Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
China 35.55
South Korea 20.06
India 11.53
South Africa 8.08
Indonesia 4.33
Taiwan 4.27
Thailand 4.23
Brazil 3.31
Other 7.16
Net Liquid Assets 1.48
Country Fund
Financials 18.08
Communication Services 15.46
Industrials 12.82
Information Technology 12.65
Utilities 10.97
Consumer Discretionary 8.92
Health Care 7.95
Consumer Staples 7.05
Other 4.62
Net Liquid Assets 1.48
Sector Fund
Top Holdings in %
Security Name Country Sector Weight
Samsung Electronics South Korea Information Technology 4.12
Hyundai Mobis South Korea Consumer Discretionary 3.64
HCL Technologies India Information Technology 3.50
Naspers South Africa Consumer Discretionary 3.28
Taiwan Semiconductor Manufacturing Taiwan Information Technology 3.19
Telkom Indonesia Persero Indonesia Communication Services 3.01
China Mobile China Communication Services 2.98
SK Telecom South Korea Communication Services 2.97
Power Grid Corp of India India Utilities 2.83
China Longyuan Power Group China Utilities 2.71
The fund applies a unique process to construct a portfolio of emerging markets equities with stable returns based on an objective, computer driven, quantitative stock screening model. The process identifies companies that operate in established lines of business; generating consistently stable earnings, dividends, cash flows etcThis stability helps dampen price volatility of such companies stocks, making them less risky than the broader market. There is also a high degree of portfolio diversification with 70 to 90 stocks typically making up the portfolio, thereby adding a further layout of stability. The goal then is to outperform the market over a full market cycle with a lower volatility.
Investment Strategy
82
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Stable Return Fund
Cumulative Annualized
Year To Date -0.29
1 month 0.06
3 months -0.06
1 year 2.29 2.29
3 years 2.42 0.80
5 years 4.63 0.91
Since launch 69.50 3.50
Key Figures Fund
Volatility in %** 5.43
Sharpe Ratio** 0.21
Parametric VaR (20d,99%)*** 5.94
Effective Duration 0.67
Discrete Year
Performance (indexed at 100)
Multi Assets Team
Launch date 02/11/2005
ISIN LU0227384020
Sedol B1WL6Z4
WKN A0HF3W
Bloomberg ticker NABSRBE LX
Number of holdings 264
Share class BP-EUR
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
1.500Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
16.95
7,138.26
0
* EURIBOR 1M (Source: NIMS)** Annualized 3 year data*** Source: MSCI RiskManager**** Rebased to 100% for illustrative purpose***** for entire portfolio including derivativesWith effect from 14/12/2020, the official reference index of the fund is EURIBOR 1M. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against EURIBOR 1M. This reference index is used for performance comparison purposes.With effect as of 01/03/2009 the sub-fund is renamed from Nordea 1 - Absolute Return Fund to Nordea 1 - Stable Return Fund.Performances are in EUR
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Long Equity Exposure 79.23% Net Equity Exposure 53.66%
Equity Future -25.57%
Fixed Income Future -10.54%
Credit bonds -2.16%
Cash 5.22%
Covered bonds 9.99%
Emerging Market Equities 11.23%
Government Bonds 13.92%
Developed Markets Equities 68.00%
Gross exposure *****
EURO 89.34%
USD 22.99%
Emerging Markets 8.98%
Developed, non EURO -21.31%
Currency Exposure *****
Equity Fixed IncomeCountry **** Fund
United States 69.46
China 4.35
Japan 3.84
France 3.24
India 3.01
Germany 2.69
Canada 2.03
South Korea 1.91
Other 9.47
Sector **** Fund
Information Technology 27.45
Health Care 23.97
Consumer Discretionary 14.07
Communication Services 13.28
Consumer Staples 7.33
Financials 5.65
Industrials 5.36
Utilities 2.06
Other 0.84
Geograph. Mod. Duration Fund
United States 0.84
Europe (Ex UK) 0.09
Other 0.03
United Kingdom -0.29
Total 0.67
Rating **** Fund
AAA 89.26
AA 4.37
A 6.37
BBB
BB
B
CCC
<CCC
NR
The fund aims to preserve shareholders' capital (over a three year investment horizon) and provide a stable, positive rate of return on investment. Investments are made globally in equities, bonds and money market instruments denominated in various currencies. This sub-fund may also invest in financial derivative instruments - like equity and fixed income futures - to adjust the portfolio's beta and duration.
Investment Strategy
83
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Swedish Bond Fund
Cumulative Fund Benchmark*
Year To Date -2.24 -2.06
1 month -1.92 -1.74
3 months -2.41 -2.21
1 year -2.96 -3.59
3 years 3.30 3.13
5 years 3.86 4.00
Since launch 203.23 280.41
Key Figures Fund Benchmark*
Annualised return in %** 1.09 1.03
Volatility in %** 2.80 2.68
Year to maturity 7.67
Effective Duration 6.79
Effective Yield in % 0.63
Correlation** 0.97
Information ratio** 0.08
Tracking error in %** 0.71
Discrete Year
Performance (indexed at 100)
Swedish Fixed Income Team
Launch date 04/08/1995
ISIN LU0064320186
Sedol 4747563
WKN 974521
Bloomberg ticker FRTSWDI LX
Number of holdings 27
Share class BP-SEK
Last NAV
AUM (Million SEK)
Minimum investment (EUR)
0.600Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
303.23
796.12
0
* JP Morgan Government Bond Sweden - Total Return Index (Source: Datastream)** Annualized 3 year dataPerformances are in SEK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Covered Bonds 34.89
Corporate Bonds 34.55
Government Bonds 28.56
Net Liquid Assets 2.00
Asset Type Fund
AAA 63.45
AA 3.14
A 13.59
BBB 5.78
BB
B
CCC
<CCC
NR 12.04
Net Liquid Assets 2.00
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Sweden Government Bond 3.5% 30-03-2039 Government Bonds AAA 9.55
Lansforsakringar Hypotek AB 1.5% 16-09-2026 Covered Bonds AAA 7.57
Stadshypotek AB 1.5% 03-12-2024 Covered Bonds AAA 7.11
SBAB Bank AB 0.89% 05-06-2023 Corporate Bonds A 5.86
Lansforsakringar Hypotek AB 1.5% 18-09-2024 Covered Bonds AAA 5.39
Stadshypotek AB 2% 01-09-2028 Covered Bonds AAA 4.70
Sweden Government Bond 2.25% 01-06-2032 Government Bonds AAA 4.64
Swedbank AB 1% 29-03-2023 Corporate Bonds A 4.58
Lansforsakringar Hypotek AB 1% 15-09-2027 Covered Bonds AAA 4.52
Sweden Government Bond 0.75% 12-11-2029 Government Bonds AAA 4.43
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities domiciled in Sweden. The sub-fund invests in bonds denominated in SEK. The fund invests in government bonds or bonds issued by local authorities or agencies, mortgage bonds, corporate bonds with a good rating, and bonds issued by supranational institutions. The fund may further use derivative instruments to reduce risks. The fund aims to exploit market movements as well as the yield spreads between various credit risk segments.
Investment Strategy
84
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Swedish Short-Term Bond Fund
Cumulative Fund Benchmark*
Year To Date 0.03 -0.05
1 month -0.06 -0.03
3 months 0.04 -0.05
1 year 0.52 -0.05
3 years 0.64 -0.83
5 years 1.26 -1.82
Since launch 92.38 88.73
Key Figures Fund Benchmark*
Annualised return in %** 0.21 -0.28
Volatility in %** 0.76 0.13
Year to maturity 1.97
Effective Duration 1.01
Effective Yield in % 0.36
Correlation** 0.48
Information ratio** 0.69
Tracking error in %** 0.71
Discrete Year
Performance (indexed at 100)
Swedish Fixed Income Team
Launch date 27/01/1995
ISIN LU0064321663
Sedol 4339722
WKN 974178
Bloomberg ticker FRTSKRI LX
Number of holdings 42
Share class BP-SEK
Last NAV
AUM (Million SEK)
Minimum investment (EUR)
0.125Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 1.00
No / No
AccumulatingFund category
Swing factor / Threshold
192.38
1,304.27
0
* 75% OMRX T-Bill and 25% OMRX Mortgage Bond index 1-3Y (Source: NIMS)** Annualized 3 year dataThe sub-fund's reference index changed on 19/11/2018. The past performance data shown prior to that date is related to the sub-fund's previous reference index, Sweden Interbank 3 Month (STIBOR) rate.This reference index is used for performance comparison purposes.With effect as of 19/11/2018 the investment policy of the sub-fund was modified. The performance figures shown prior to that date were achieved under circumstances that no longer apply.With effect as of 19/11/2018 the sub-fund is renamed from Nordea 1 - Swedish Kroner Reserve to Nordea 1 - Swedish Short-Term Bond Fund.Performances are in SEK
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Sweden 93.80
Finland 5.09
Net Liquid Assets 1.11
Country Fund
Corporate Bonds 68.38
Covered Bonds 30.50
Net Liquid Assets 1.11
Asset Type Fund
Top Holdings in %
Security Name Country Asset Type Weight
Lansforsakringar Hypotek AB 2.25% 21-09-2022 Sweden Covered Bonds 9.53
Nordea Hypotek AB 1% 18-09-2024 Sweden Covered Bonds 8.68
Nordea Hypotek AB 1.25% 20-09-2023 Sweden Covered Bonds 7.90
Kraftringen Energi AB FRN 30-05-2023 Sweden Corporate Bonds 6.14
Tele2 AB FRN 11-05-2021 Sweden Corporate Bonds 5.00
Lansforsakringar Hypotek AB 1.25% 17-09-2025 Sweden Covered Bonds 4.39
AAK AB FRN 10-12-2021 Sweden Corporate Bonds 4.15
Husqvarna AB FRN 03-05-2021 Sweden Corporate Bonds 3.53
OP Corporate Bank plc FRN 03-06-2030 Finland Corporate Bonds 3.17
Stockholm Exergi Holding AB 1.75% 18-05-2022 Sweden Corporate Bonds 3.12
The fund invests a minimum of two-thirds of its net assets in fixed-income and floating rate debt securities issued by private borrowers and public authorities denominated in SEK. The strategy is to invest mainly in SEK denominated short-term bonds and other short-term transferable debt securities listed on the Stockholm Stock Exchange or traded in another regulated market within the OECD.
Investment Strategy
85
Fact Sheet | February 2021 | Advertising material
Nordea 1 - Unconstrained Bond Fund - USD Hedged
Cumulative Fund Benchmark*
Year To Date -0.34 0.02
1 month -0.38 0.01
3 months 0.52 0.03
1 year 4.03 0.40
3 years 8.77 4.69
5 years 22.22 6.13
Since launch 18.41 6.27
Key Figures Fund Benchmark*
Annualised return in %** 2.84 1.54
Volatility in %** 4.51 0.29
Year to maturity 15.77
Effective Duration 3.12
Effective Yield in % 1.92
Correlation** -0.48
Information ratio** 0.28
Tracking error in %** 4.66
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 05/11/2013
ISIN LU0975281527
Sedol BGY6XH3
WKN A1W73K
Bloomberg ticker NOUNBPU LX
Number of holdings 204
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.100Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
No / No
AccumulatingFund category
Swing factor / Threshold
118.41
46.29
0
* ICE BofA Merrill Lynch 0-3M U.S. T-Bill Index (Source: NIMS)** Annualized 3 year dataWith effect from 14/12/2020, the official reference index of the fund is ICE BofA Merrill Lynch 0-3M U.S. T-Bill Index. Prior to this date, the fund did not have an official reference index. The fund performance since launch is measured against ICE BofA Merrill Lynch 0-3M U.S. T-Bill Index. This reference index is used for performance comparison purposes.With effect as of 01/03/2016 the sub-fund is renamed from Nordea 1 - Unconstrained Bond Fund to Nordea 1 - Unconstrained Bond Fund - USD Hedged.Performances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 67.69
Government Bonds 12.09
Mortgage Backed Securities 11.89
Net Liquid Assets 8.34
Asset Type Fund
Treasury Future Exposure -15.86
AAA 15.33
AA 0.79
A 7.95
BBB 36.49
BB 18.52
B 4.03
CCC 0.80
<CCC
NR 7.76
Net Liquid Assets 8.34
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
United States Treasury Infla 0.75% 15-07-2028 Government Bonds AAA 3.74
United States Treasury Infla 0.125% 15-01-2030 Government Bonds AAA 3.58
Hartford Financial Services FRN 12-02-2047 Corporate Bonds BBB 1.55
CVS Pass-Through Trust 5.789% 10-01-2026 Corporate Bonds BBB 1.51
Freddie Mac Pool 2% 01-07-2050 Mortgage Backed Securities NR 1.38
JPMorgan Chase & Co MULTI Perpetual Corporate Bonds BBB 1.22
Morgan Stanley 5% 24-11-2025 Corporate Bonds BBB 1.13
Freddie Mac Pool 2% 01-06-2035 Mortgage Backed Securities NR 1.13
United States Treasury Note/ 1.875% 15-02-2051 Government Bonds AAA 0.99
United States Treasury Note/ 0.375% 31-01-2026 Government Bonds AAA 0.99
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.
Investment Strategy
86
Fact Sheet | February 2021 | Advertising material
Nordea 1 - US Corporate Bond Fund
Cumulative Fund Benchmark*
Year To Date -3.18 -2.90
1 month -1.99 -1.74
3 months -2.73 -2.46
1 year 2.82 2.36
3 years 19.20 21.22
5 years 28.92 30.86
Since launch 67.60 76.07
Key Figures Fund Benchmark*
Annualised return in %** 6.03 6.62
Volatility in %** 7.20 6.46
Year to maturity 16.29
Effective Duration 7.65
Effective Yield in % 2.92
Correlation** 0.99
Information ratio** -0.45
Tracking error in %** 1.31
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 14/01/2010
ISIN LU0458979746
Sedol B3MMLR8
WKN A0YKE1
Bloomberg ticker NORBPUS LX
Number of holdings 328
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
0.700Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
16.76
3,198.72
0
* Bloomberg Barclays Capital US Credit Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 96.69
Government Bonds 0.51
Net Liquid Assets 2.80
Asset Type Fund
Treasury Future Exposure 05.53
AAA 0.26
AA 0.35
A 16.20
BBB 65.69
BB 13.58
B
CCC
<CCC
NR 1.11
Net Liquid Assets 2.80
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
Anheuser-Busch Cos LLC / Anh 4.7% 01-02-2036 Corporate Bonds BBB 1.11
Morgan Stanley 2.188% MULTI 28-04-2026 Corporate Bonds BBB 0.90
Valero Energy Corp 2.85% 15-04-2025 Corporate Bonds BBB 0.86
AbbVie Inc 2.95% 21-11-2026 Corporate Bonds BBB 0.78
JPMorgan Chase & Co 1.514% MULTI 01-06-2024 Corporate Bonds A 0.78
Wells Fargo & Co 3.584% MULTI 22-05-2028 Corporate Bonds BBB 0.69
AbbVie Inc 4.05% 21-11-2039 Corporate Bonds BBB 0.66
Anheuser-Busch InBev Worldwi 4.5% 01-06-2050 Corporate Bonds BBB 0.64
Bank of America Corp 2.592% MULTI 29-04-2031 Corporate Bonds A 0.61
Morgan Stanley 2.699% MULTI 22-01-2031 Corporate Bonds BBB 0.59
The fund seeks to achieve consistent, superior rates of return with low volatility by investing primarily in debt securities rated BBB- or better by S&P or Baa3 or better by Moody's at purchase. The fund manager uses a top-down analysis to exploit opportunities and neutralize unwanted risks, and a bottom-up analysis to maximize total return. The fund manager protects the downside by understanding the risk exposures within the portfolio and the correlation among assets, by diversifying risk factors, by defining/articulating an exit strategy for each position, and by carefully monitoring expected tracking error.
Investment Strategy
87
Fact Sheet | February 2021 | Advertising material
Nordea 1 - US High Yield Bond Fund
Cumulative Fund Benchmark*
Year To Date -0.18 0.67
1 month 0.00 0.30
3 months 1.27 2.59
1 year 6.85 8.59
3 years 15.84 19.87
5 years 41.47 52.64
Since launch 123.10 162.05
Key Figures Fund Benchmark*
Annualised return in %** 5.02 6.23
Volatility in %** 8.05 9.33
Year to maturity 6.85
Effective Duration 3.80
Effective Yield in % 4.60
Correlation** 0.99
Information ratio** -0.65
Tracking error in %** 1.85
Discrete Year
Performance (indexed at 100)
MacKay Shields LLC
Launch date 28/07/2008
ISIN LU0278531610
Sedol B1LCPV7
WKN A0LGS0
Bloomberg ticker NHYBBPU LX
Number of holdings 337
Share class BP-USD
Last NAV
AUM (Million USD)
Minimum investment (EUR)
1.000Annual management fee in %
Manager
Fund Data
Maximum front end fee in % 3.00
Yes / Yes
AccumulatingFund category
Swing factor / Threshold
22.31
775.18
0
* ICE BofA US High Yield Index (Source: Datastream)** Annualized 3 year dataPerformances are in USD
Performance in %
Risk and Reward Profile
Lower risk Higher risk
7654321
Asset Allocation in %
Corporate Bonds 99.09
Net Liquid Assets 0.91
Asset Type Fund
AAA
AA
A
BBB 1.12
BB 45.94
B 35.62
CCC 16.41
<CCC
NR
Net Liquid Assets 0.91
Rating Fund
Top Holdings in %
Security Name Asset Type Rating Weight
CCO Holdings LLC / CCO Holdi 4.75% 01-03-2030 Corporate Bonds BB 1.32
Altice France Holding SA 10.5% 15-05-2027 Corporate Bonds CCC 1.31
Ford Motor Co 9% 22-04-2025 Corporate Bonds BB 1.23
CCO Holdings LLC / CCO Holdi 4.25% 01-02-2031 Corporate Bonds BB 1.22
Bausch Health Cos Inc 7.25% 30-05-2029 Corporate Bonds B 0.99
CSC Holdings LLC 5.5% 15-04-2027 Corporate Bonds BB 0.94
Altice France Holding SA 6% 15-02-2028 Corporate Bonds CCC 0.93
Kraft Heinz Foods Co 5% 15-07-2035 Corporate Bonds BB 0.91
Kraft Heinz Foods Co 5% 04-06-2042 Corporate Bonds BB 0.90
Ford Motor Co 9.625% 22-04-2030 Corporate Bonds BB 0.88
The fund seeks to achieve attractive risk-adjusted return by identifying target bonds through eliminating uncompensated risk. The fund manager rigorously screens the investment universe for risk in order to quantify upside potential using bond analysis, not equity-style analysis. By targeting the sweet spot for risk compensation, the managers goal is to eliminate rather than to include bonds. The underlying belief is that to deliver attractive returns it is more important to recognise which bonds not to include in the portfolio, than to focus on the ones that should be selected.
Investment Strategy
88
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Source (unless otherwise stated): Nordea Investment Funds S.A. Period under consideration (unless otherwise stated): 31.01.2021-28.02.2021. Performance calculated NAV to NAV (net of fees and Luxembourg taxes) in the currency of the respective share class, gross income and dividends reinvested, excluding initial and exit charges as per 28.02.2021. Initial and exit charges could aff ect the value of the performance. The performance represented is historical; past performance is not a reliable indicator of future results and investors may not recover the full amount invested. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and cannot be ensured, you could lose some or all of your invested money. If the currency of the respective share class diff ers from the currency of the country where the investor resides the represented performance might vary due to currency fluctuations. The sub-funds mentioned are part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company (Société d’Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and with European Council Directive 2009/65/EC of 13 July 2009. This document is advertising material and does not disclose all relevant information concerning the presented sub-funds. Any investment decision in the sub-funds should be made on the basis of the current prospectus and the Key Investor Information Document (KIID), which are available, along with the current annual and semi-annual reports, electronically in English and in the local language of the market where the mentioned SICAV is authorised for distribution, without charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Investments in derivative and foreign exchange transactions may be subject to signifi cant fluctuations which may aff ect the value of an investment. Investments in Emerging Markets involve a higher element of risk. The value of shares can greatly fluctuate as a result of the sub-fund’s investment policy and cannot be ensured. Investments in equity and debt instruments issued by banks could bear the risk of being subject to the bail-in mechanism (meaning that equity and debt instruments could be written down in order to ensure that most unsecured creditors of an institution bear appropriate losses) as foreseen in EU Directive 2014/59/EU. For further details of investment risks associated with these sub-funds, please refer to the relevant Key Investor Information Document (KIID), available as described above. Nordea Investment Funds S.A. has decided to bear the cost for research, i.e. such cost is covered by existing fee arrangements (Management-/Administration-Fee). Nordea Investment Funds S.A. only publishes product-related information and does not make any investment recommendations. Published by Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Commission de Surveillance du Secteur Financier in Luxembourg. Further information can be obtained from your fi nancial advisor. He/she can advise you independently of Nordea Investment Funds S.A. Please note that all sub funds and share classes might not be available in your country of jurisdiction. Additional information for investors in Switzerland: The Swiss Representative and Paying Agent is BNP Paribas Securities Services, Paris, Succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. Additional information for investors in Germany: The Information Agent in Germany is Société Générale S.A. Frankfurt Branch, Neue Mainzer Straße 46-50, 60311 Frankfurt am Main, Germany. A hard copy of the above-mentioned fund documentation is also available here. Additional information for investors in Austria: The Information and Paying Agent in Austria is Erste Bank der österreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna, Austria. Additional information for investors in the Netherlands: Nordea 1, SICAV is a Luxembourg Undertaking for Collective Investment in Transferable Securities (UCITS) registered in the Netherlands in the register kept by the AFM, and as such is allowed to off er its shares in the Netherlands. The AFM register can be consulted via www.afm.nl/register. Additional information for investors in France: With the authorisation of the AMF the shares of the sub-funds of Nordea 1, SICAV may be distributed in France. Centralising Correspondent in France is CACEIS Bank, located at 1-3, place Valhubert, 75206 Paris cedex 13, France. Investors are advised to conduct thorough research before making any investment decision. Additional information for investors in Belgium: The Financial Service Agent in Belgium is BNP Paribas Securities Services S.C.A., Brussels Branch, Rue de Loxum, 25, 1000-Brussels, Belgium. A hard copy of the above-mentioned fund documentation is available upon demand free of charge. Additional information for investors in Spain: Nordea 1, SICAV is duly registered in the CNMV offi cial registry of foreign collective investment institutions (entry no. 340) as authorised to be marketed to the public in Spain. The Depositary of the SICAV’s assets is, J.P. Morgan Bank Luxembourg S.A. In Spain, any investment must be made through the authorised distributors and on the basis of the information contained in the mandatory documentation that must be received from the SICAV’s authorised distributor prior to any subscription. The Representative Agent is Allfunds Bank S.A.U., C/ de los Padres Dominicos, 7, 28050 Madrid, Spain. A complete list of the authorised distributors is available in the CNMV’s webpage (www.cnmv.es). Additional information for investors in Portugal: The Management Company of the SICAV, Nordea Investment Funds S.A., and the Depositary of the SICAV’s assets, J.P. Morgan Bank Luxembourg S.A., are validly formed and existing in accordance with the laws of Luxembourg and authorized by the Commission de Surveillance du Secteur Financier in Luxembourg. Our distributor in Portugal is BEST - Banco Electrónico de Serviço Total, S.A., duly incorporated under the laws of Portugal and registered with the CMVM as a fi nancial intermediary. Additional information for investors in Italy: Fund documentation as listed above is also available in Italy from the distributors and on the website www.nordea.it. The updated list of distribution agents in Italy, grouped by homogenous category, is available from the distributors themselves or from the Paying Agents: State Street Bank International GmbH – Succursale Italia, Allfunds Bank S.A.U. – Succursale di Milano, Société Générale Securities Services S.p.A., Banca Sella Holding S.p.A, Banca Monte dei Paschi di Siena S.p.A., CACEIS Bank S.A., Italian Branch and on the website www.nordea.it. Any requests for additional information should be sent to the distributors. Before investing, please read the prospectus and the KIID carefully. We recommend that you read the most recent annual fi nancial statement in order to be better informed about the fund’s investment policy. The prospectus and KIID for the sub-funds have been published with Consob. For the risk profi le of the mentioned sub-funds, please refer to the fund prospectus. Additional information for investors in the United Kingdom: The Facilities Agent is FE Fundinfo (UK) Limited. , 3rd Floor, Hollywood House, Church Street East, Woking GU21 6HJ, United Kingdom. Additional information for investors in Ireland: The Facilities Agent is Maples Fund Services (Ireland) Limited, 32 Molesworth Street, D02 Y512 Dublin 2, Ireland. Additional information for investors in Sweden: The Paying Agent is Nordea Bank Abp, Swedish Branch, Smålandsgatan 17, 105 71 Stockholm, Sweden. Additional information for investors in Denmark: The Representative Agent is Nordea Danmark, Filial af Nordea Bank Abp, Finland, Grønjordsvej 10, Postbox 850 0900 CopenhagenC, Denmark. A hard copy of the above-mentioned fund documentation is available here. Additional information for investors in Norway: The Nordea 1, SICAV is registered in Norway. Additional information for investors in Finland: The Representative Agent is Nordea Funds Ltd, Satamaradankatu 5, 00020, Helsinki, Finland. Additional information for investors in Latvia: The Representative Agent is Luminor Bank AS, 62 Skanstes iela 12, 1013 Riga, Latvia. Additional information for investors in Estonia: The Representative Agent in Estonia is Luminor Bank AS, Liivalaia 45, 10145 Tallinn, Estonia. Additional information for investors in Lithuania: The Representative Agent in Lithuania is Luminor Bank AB, Konstitucijos pr. 21 A, 03601 Vilnius, Lithuania. Shareholders must evaluate possible investment risks and take this into consideration when making investment decisions. Additional information for investors in Brazil: This is a strictly privileged and confi dential document for the purposes of a potential investment in foreign securities on a one-on-one basis with potential investors with a pre-existing relationship with Nordea Investment Funds S.A. This document contains information addressed only to a specifi c individual and is not intended for distribution to, or use by, any other person. This document (i) is provided for informational purposes only, (ii) should not be construed in any manner as any solicitation or off er to buy or sell any securities or any related fi nancial instruments, (iii) should not be construed in any manner as a public off er of any securities or any related fi nancial instruments, and (iv) and will be addressed to a potential investor with restrict access of information. Nordea 1, SICAV have not been, and will not be, registered with the Brazilian Securities Commission (Comissão de Valores Mobiliários - CVM), and must not be off ered or sold in Brazil except in circumstances which do not constitute a public off ering or distribution under Brazilian laws and regulations. Any public off ering, placement or distribution, as defi ned under Brazilian laws and regulations, of securities in Brazil, is not legal without prior registration under Law No. 6,385 of December 7, 1976, as amended. Documents relating to the off ering of the Nordea 1, SICAV, as well as information contained therein, must not be supplied to the general public in Brazil (as the off ering of the Nordea 1, SICAV is not a public off ering of securities in Brazil) or used in connection with any off er for subscription or sale of the Nordea 1, SICAV to the general public in Brazil. Investors within Brazil should consult with their own counsel as to the applicability of these laws and regulations or any exemption there from. Source (unless otherwise stated): Nordea Investment Funds S.A. Unless otherwise stated, all views expressed are those of Nordea Investment Funds S.A. This document may not be reproduced or circulated without prior permission. Reference to companies or other investments mentioned within this document should not be construed as a recommendation to the investor to buy or sell the same but is included for the purpose of illustration. The level of tax benefi ts and liabilities will depend on individual circumstances and may be subject to change in the future.