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General fund info

Fund codes, comparison indices and the GICS industry classification

These pages encompass all the Nordea funds included in the Funds Now service and offer a comprehensive information package.

The package comprises fund codes, comparison indices as well as the explanatory notes of how the investments of the funds are sorted for instance by sector and how they are otherwise presented.

Explanatory notes or reading instructions are also available and displayed under the breakdown pie charts in the investments tabs.

Reading instructions - Investments tab
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Security type Learn more about the asset allocation in the pie chart… The pie chart shows the fund’s distribution by asset class, i.e. asset allocation. The three main asset classes are equities (stocks), bonds (general heading for fixed-income instr.) and cash (liquid assets). Cash includes alternative assets such as derivatives contracts like options or futures, because of which the proportion of cash can be negative as well. Repurchase agreements are also shown under cash. Furthermore, for a fund of funds, i.e. a fund which can invest both directly in securities and in other funds, Nordea display the above three assets classes and equity funds, balanced funds, bond funds and alternative funds, the latter can be e.g. real estate, commodity or hedge funds. If a fund is leveraged (also known as geared), then the exposure of the entire fund to the securities markets or just part of it is increased over 100% of the NAV per fund. The negative cash position of a leveraged fund can reflect e.g. the short positions which have been executed by using derivatives, or the fact that the fund uses repurchase agreements or loan that has been obtained to purchase investments. In some cases, the exposure of long positions (securities bought) is increased over 100% of the fund´s market value, by using the proceeds received from short-selling positions. For a fund of funds, the cash position can also be on the minus side if the fund itself is allowed to use derivatives. The aggregate proportion of different asset classes always sums up to 100% of the NAV per fund. In Finland, only a few non-UCITS funds (meaning the funds that in accordance with the fund rules are authorised to deviate from the general investment restrictions laid down by the EU investment fund directive, UCITS III) are allowed to increase the exposure to securities market over 100%, to sell short securities (selling securities without owning them) or to obtain a loan to be used in the fund’s investment activities. UCITS funds are not entitled to have these features.
Region Learn more about the equities’ regional allocation in the pie chart… The pie chart shows the regions of the fund’s underlying equities. When viewing the region holdings of a balanced (mixed) fund, bonds (fixed-income instruments) are aggregated and transferred under the section other, since they do not have an associated region. At the maximum, ten biggest regions are displayed, accompanied by the other position. Other includes cash and alternative assets such as derivatives contracts like options or futures, and all the remaining regions not shown separately. Repurchase agreements are also shown under other. In the case of a fund of funds (FoFs), the total proportion of the underlying funds’ equity positions in a certain region is displayed. The portfolios of the underlying funds are processed so that all the equity holdings related to the same region respective all the cash positions of the FoFs and underlying funds are aggregated. The aggregate proportion of different regions plus other sums up to 100% of the NAV per fund.
Country Learn more about the equities’ country allocation in the pie chart… The pie chart shows the countries of the fund’s underlying equities. When viewing the country-specific holdings of a balanced (mixed) fund, bonds (fixed-income instruments) are aggregated and transferred under the section other, since they do not have an associated country. At the maximum, ten biggest countries are displayed, accompanied by the other position. Other includes cash and alternative assets such as derivatives contracts like options or futures, and all the remaining countries not shown separately. Repurchase agreements are also shown under other. In the case of a fund of funds (FoFs), the total proportion of the underlying funds’ equity positions in a certain country is displayed. The portfolios of the underlying funds are processed so that all the equity holdings related to the same country respective all the cash positions of the FoFs and underlying funds are aggregated. The aggregate proportion of different countries plus other sums up to 100% of the NAV per fund.
Sector Learn more about the equities’ sector allocation in the pie chart… The pie chart shows the sectors related to the fund’s underlying equities. When viewing the sector-specific holdings of a balanced (mixed) fund, bonds (fixed-income instruments) are aggregated and transferred under the section other, since they do not have an associated sector. At the maximum, ten biggest sectors are displayed, accompanied by the other position. Other includes cash and alternative assets such as derivatives contracts like options or futures, and all the remaining countries not shown separately. Repurchase agreements are also shown under other. In the case of a fund of funds (FoFs), the total proportion of the underlying funds’ equity positions in a certain sector is displayed. The portfolios of the underlying funds are processed so that all the equity holdings related to the same sector respective all the cash positions of the FoFs and the underlying funds are aggregated. The aggregate proportion of different sectors plus other sums up to 100% of the NAV per fund. The Nordea Funds apply the Global Industry Classification Standard (“GICS”)SM in reporting. GICS was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. ("MSCI") and Standard & Poor's ("S&P").
Term to maturity Learn more about the currency allocation in the pie chart… The pie chart shows the currencies of the fund’s underlying bonds (fixed-income instruments). It is possible to show ten currencies at the maximum, accompanied by the other position. The other section also includes those currencies not shown separately, as well as other than fixed-income instruments. When viewing the currency holdings of a balanced (mixed) fund, equities are aggregated and transferred under the section other, since they do not have an associated currency. In the case of a fund of funds, the underlying funds’ currency positions are displayed. If the number of currencies in the pie chart is ten or lower all the currencies represented in the fund’s fixed-income portfolio are in fact displayed. If only one currency is shown, all the fund’s fixed-income investments are denominated in the currency in question. This means that there are no fixed-income investments denominated in other currencies, included in the other section.
Term to maturity Learn more about the term-to-maturity allocation in the pie chart… The pie chart shows the term to maturity of the fund’s underlying bonds (fixed-income instruments). Term to maturity is defined as the remaining life of an interest-bearing instrument, which in regard to a bond is the time between the review date (as at the previous month end) and when it matures (maturity date), at which time the issuer must redeem the bond by paying the principal (or face value). The fund’s investments in floating-rate notes (FRNs) are included in the different maturity sections on the basis of the remaining term to maturity meaning the time to the final maturity date. The duration of the interest-rate exposure for the FRNs is short, while the sensitivity to changes in the credit-risk premiums is high. The fund-specific interest-rate exposure measured by modified duration for the whole portfolio is published under Ajankohtaista/ Aktuellt (available in the Finnish and Swedish language sections). When viewing the term to maturity holdings of a mixed fund, equities are aggregated and transferred under the section other, since they do not have an associated term to maturity. In the case of a fund of funds, the term-to-maturity positions of the underlying funds’ fixed-income instruments are displayed.