November 2009 - Nordea Bank Lietuva

Corporate Bond Fund¹
30 November 2009
Performance in %
Cumulative Fund Benchmark*
Year to date
15.49
14.98
1 month
0.53
0.90
3 months
2.96
3.16
1 year
14.79
15.83
3 years
6.37
11.13
5 years
6.73
7.84
Since launch
6.33
9.15
Discrete Year
2008
2007
2006
2005
2004
Key Figures**
Annualised return in %
Volatility in %
Average maturity
Duration in years
Yield to maturity
Correlation
Information ratio
Tracking error in %
Fund
-4.87
-1.84
-6.62
6.65
0.41
Fund
2.08
5.65
6.49
3.59
3.78
0.70
-0.37
4.04
Benchmark*
1.04
-2.97
-4.64
0.06
2.05
Benchmark*
3.58
4.20
-
-
-
Performance (in base currency, indexed at 100)
108
106
104
102
100
98
96
94
92
90
88
30/11/2004 30/11/2005 30/11/2006 30/11/2007 30/11/2008 30/11/2009
Corporate Bond Fund
Merrill Lynch EMU Corporate Index²
With effect from 23 October 2008 the benchmark changed from Lehman Brothers EURO Aggregate (converted to DKK) to
Merrill Lynch EMU Corporate Bonds Index. The fund performance prior to this date is measured in comparison to the
previous benchmark used. These changes have been published in the prospectus, valid as of 23 October 2008.
²Source: Datastream/Bloomberg
Fund Data
Share class
Fund category
Last NAV
AUM (Million EUR)
Minimum investment (EUR)
- Front end fee in %
- Annual management fee in %
- Launch date
BP
Accumulating
34.08
639.00
50
3.00
0.60
15/09/2003
Base currency
ISIN
Sedol
WKN
Bloomberg ticker
Number of holdings
Manager
EUR
LU0173783928
B1WL966
358442
FRTGEUR LX
165
Fixed Income Corporate Team
Performances are in EUR
*Merrill Lynch EMU Corporate Index
**Annualized 3 year data
Asset Allocation in %
Country
Fund
United Kingdom 20.95
France 12.17
United States 10.45
Spain 7.46
Germany 7.37
Italy 6.57
Denmark 6.32
Sweden 5.69
Other 17.56
Net Liquid Assets 5.41
¹In the June 2008 prospectus, the Nordea 1 - Global Bond Fund (DKK) has been renamed to Nordea 1 - Corporate Bond
Fund. The investment policy of the sub-fund has also been modified.
Rating
Fund
A3 16.22
Aa3 15.61
Baa1 13.08
A2 11.01
Baa2 8.08
A1 7.75
Aaa 5.96
Aa2 5.36
Other 11.48
Net Liquid Assets 5.41
Top Holdings in %
Security Name
Rating
Asset Type
Weight
Deutsche Tele Intl. 7,125% 2011-07-11 Baa1
Corporate Bonds
2.54
Telecom Italia 7,5% 2011-04-20 Baa2
Corporate Bonds
2.14
Telecom Italia 6,875% 2013-01-24 Baa2
Corporate Bonds
2.11
HSBC Bank 3.75% 2016-11-30 Aa2
Corporate Bonds
1.88
Danske Bank 4.125% 2019-11-26 Aaa
Corporate Bonds
1.80
DnB Nor Bank 5.875% 2013-06-20 Aa3
Corporate Bonds
1.50
HSBC Holdings 6.25% 2018-03-19 A1
Corporate Bonds
1.50
Lloyds TSB Bank 6.375% 2016-06-17 Aa3
Corporate Bonds
1.47
Dong 4,625% 2011-06-21 Baa1
Corporate Bonds
1.41
Nationwide Bldg 3,375% 2015-08-17 Baa3
Corporate Bonds
1.31
Investment Strategy
The fund aims to provide an absolute positive return to investors in excess of a 3-month European interest rate. To achieve this goal the manager uses corporate bonds directly or
indirectly through the use of derivatives, and other types of transferable securities and money market instruments. The idea is to exploit market inefficiencies by focusing on
company specific research to identify long term changes critical to credit quality. The focus is on avoiding losers rather than picking winners.