Morningstar Fund Report  | 05/04/2025Print

Nordea 1 - GBP Diversified Return Fund BD GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Nordea 1 - GBP Diversified Return Fund BD GBP
Fund12.8-6.34.74.40.9
+/-Cat4.74.2-2.8-2.41.0
+/-B’mrk4.83.0-4.5-4.21.0
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
04/04/2025		 GBP 142.91
Day Change 0.52%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector Targeted Absolute Return
ISIN LU0987091344
Fund Size (Mil)
04/04/2025		 GBP 1729.33
Share Class Size (Mil)
04/04/2025		 GBP 84.87
Max Initial Charge -
Ongoing Charge
12/03/2025		  0.46%
Investment Objective: Nordea 1 - GBP Diversified Return Fund BD GBP
To provide shareholders with investment growth and achieve relatively stable income. In addition, the fund aims to preserve capital over a 3 year investment horizon. The fund mainly invests, directly or through derivatives, in equities as well as various other asset classes such as bonds issued by companies, financial institutions or public authorities, money market instruments and currencies from anywhere in the world. Specifically, the fund may invest in equities and equity-related securities, debt securities and debt-related securities and money market instruments. The fund may be exposed (through investments or cash) to other currencies than the base currency.
Returns
Trailing Returns (GBP)04/04/2025
YTD2.15
3 Years Annualised2.87
5 Years Annualised4.63
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Asbjørn Trolle Hansen
13/10/2015
Claus Vorm
13/10/2015
Click here to see others
Inception Date
13/10/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SONIAMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Nordea 1 - GBP Diversified Return Fund BD GBP31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock88.1630.4557.70
Bond52.370.0052.37
Property0.000.000.00
Cash225.38235.39-10.01
Other0.000.06-0.06
Fixed Income
Effective Maturity-
Effective Duration2.09
Top 5 Regions%
United States78.09
Eurozone6.19
Europe - ex Euro3.83
United Kingdom3.56
Asia - Emerging2.70
Top 5 Sectors%
Technology23.03
Healthcare18.02
Consumer Defensive15.36
Consumer Cyclical13.42
Financial Services13.11
Top 5 HoldingsSector%
Future on 5 Year Treasury Note25.43
Future on 10 Year Treasury Note23.17
Microsoft CorpTechnologyTechnology4.00
Alphabet Inc Class ACommunication ServicesCommunication Services3.70
Automatic Data Processing IncTechnologyTechnology2.61
Increase Decrease New since last portfolio
Nordea 1 - GBP Diversified Return Fund BD GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Nordea 1 - GBP Diversified Return Fund BD GBP
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.5011.021.2012.79-6.284.734.380.86
+/- Category1.98-1.39-2.894.724.17-2.80-2.351.00
+/- Category Index---4.094.792.98-4.54-4.170.97
% Rank in Category157173513868620
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.52   1.262.24
1 Week1.25   2.572.99
1 Month-1.80   1.011.70
3 Months2.35   3.414.36
6 Months1.78   2.622.32
YTD2.15   2.883.57
1 Year5.76   2.481.90
3 Years Annualised2.87   1.01-0.21
5 Years Annualised4.63   -1.18-1.57
10 Years Annualised-   --
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.86---
20242.29-2.846.33-1.23
20232.47-0.18-0.512.90
2022-3.36-4.18-2.633.93
20213.513.221.494.01
2020-4.272.291.172.15
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageLow4 star
10-Year--Not Rated
OverallAverageBelow Average4 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.25 %
3-Yr Mean Return2.52 %
 
3-Yr Sharpe Ratio-0.21
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK Cau Tgt Alloc NR GBP
3-Yr Beta0.680.91
3-Yr Alpha-1.401.82
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 106333-
Market Capitalisation% of Equity
Giant34.26
Large47.01
Medium16.31
Small2.42
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.781.07
Price/Book3.851.51
Price/Sales1.700.93
Price/Cash Flow12.131.07
Dividend-Yield Factor1.980.82
 
Long-Term Projected Earnings Growth8.560.88
Historical Earnings Growth9.911.43
Sales Growth10.771.73
Cash-Flow Growth3.950.83
Book-Value Growth6.271.12
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 1824
Maturity Distribution %
1 to 30.00
3 to 548.55
5 to 745.32
7 to 105.65
10 to 150.48
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration2.09
Credit Quality Breakdown %     %
AAA51.23   BB0.00
AA48.30   B0.00
A0.00   Below B0.00
BBB0.00   Not Rated0.48
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock88.1630.4557.70
Bond52.370.0052.37
Property0.000.000.00
Cash225.38235.39-10.01
Other0.000.06-0.06
World Regions31/03/2025
 % of EquityRelative to Category
United States78.091.48
Canada0.170.16
Latin America0.931.55
United Kingdom3.560.17
Eurozone6.190.85
Europe - ex Euro3.831.17
Europe - Emerging0.040.25
Africa0.251.31
Middle East0.000.00
Japan1.600.28
Australasia0.000.00
Asia - Developed2.640.83
Asia - Emerging2.700.78
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical13.421.31
Financial ServicesFinancial Services13.110.74
Real EstateReal Estate0.070.02
Consumer DefensiveConsumer Defensive15.362.12
HealthcareHealthcare18.021.68
UtilitiesUtilities2.640.84
Communication ServicesCommunication Services10.291.51
IndustrialsIndustrials4.050.33
TechnologyTechnology23.031.15
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings155
Total Number of Bond Holdings15
Assets in Top 10 Holdings61.40
NameSectorCountry% of Assets
Future on 5 Year Treasury NoteUnited States25.43
Future on 10 Year Treasury NoteUnited States23.17
Microsoft Corp311United States4.00
Alphabet Inc Class A308United States3.70
Automatic Data Processing Inc311United States2.61
AutoZone Inc102United States2.50
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% Equity
 
Management
Name of CompanyNordea Investment Funds SA
Phone00352 43 39 50 1
Websitewww.nordea.lu
Address562, rue de Neudorf
 Luxembourg   L-2220
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date13/10/2015
Fund Advisor(s)
Nordea Investment Management AB
Fund ManagerAsbjørn Trolle Hansen
Manager Start Date13/10/2015
Career Start Year1998
 
Biography
Asbjørn Trolle Hansen holds a joint Master's Degree in Mathematics and Economics and a joint Ph.D. in Mathematical Finance. After attaining his Ph.D., Mr. Hansen worked in London, first for NatWest as a Derivatives Analyst from 1998 to 2000 and then as a Quantitative Specialist responsible for structured investments with Dresdner Kleinwort Benson’s Global Equities team. In 2000, Mr. Hansen returned to Denmark as Head of Alfred Berg’s Asset Allocation team. Mr. Hansen joined Nordea Investment Management AB in 2004 as Head of the Multi Assets team.
Fund ManagerClaus Vorm
Manager Start Date13/10/2015
 
Biography
Claus Vorm holds a Master’s Degree in Mathematics and Economics and a Ph.D. on the Interplay between Insurance and Finance. As part of his academic career, Mr. Vorm worked as an associate professor at the Laboratory of Actuarial Mathematics at the University of Copenhagen from 2000 to 2001. He then joined McKinsey & Co. as a part of their Financial Institutions Group before joining Nordea Investment Management AB in 2004.
Fund ManagerKurt Kongsted
Manager Start Date13/10/2015
Career Start Year2002
 
Biography
Kurt Kongsted holds a Master’s Degree in Economics (cand. oecon.) from the University of Aarhus. Mr. Kongsted joined Nordea Investment Management AB in 2002 as an analyst within the current Multi Assets team. Mr. Kongsted has been responsible for the development of Nordea Investment Management’s proprietary Asset Liability Management tools and Strategic Asset Allocation models. Since 2005 Mr. Kongsted has been a co-portfolio manager within the Multi Assets investment team. In 2010 Mr. Kongsted was also appointed Head of Strategic Asset Allocation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.43%
Ongoing Charge0.46%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes