Nordea 1 - Low Duration European Covered Bond Fund - AI - USD/  LU2033383501  /

The fund's objective is to provide shareholders with investment growth in the short to medium term. In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment opportunities. The fund mainly invests in European covered bonds. Specifically, the fund invests at least two thirds of total assets in covered bonds that are denominated in European currencies or that are issued by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. The fund also invests at least two thirds of total assets in debt securities with a rating of AAA/Aaa or lower, but not lower than A-/A3, or equivalent. The fund's modified duration is between 0 and 2. The fund may invest in, or be exposed to up to 10% of its total assets in debt securities rated BB+/Ba1 or lower, including unrated securities. The fund's major part of currency exposure is hedged to the base currency, although it may also be exposed (through investments or cash) to other currencies.

The fund's objective is to provide shareholders with investment growth in the short to medium term.