Nordea European Covered Bond Fund is an active bond fund from Nordea, ISIN LU0539144625.
Active
Bond
Europe
Fund size (GBP) £4.6B
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.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−3.9%Q4
1 year return
+7.4%Q3
3 year return
−6.6%Q4
5 year return
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−1.8%
3 months−4.0%
Volatility, 3 years4.9%
Ongoing charge (OCF)
Fund size (GBP)£4.6B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Financials76.6%
Government20.7%
Cash2.7%
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
France34.0%
Italy15.0%
Spain7.1%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
French Fixed Interest34.0%
Italian Fixed Interest15.0%
Spanish Fixed Interest7.1%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
1. 4,300% ITALIEN 24/541.8%
2. CAISSE FRANCA 3.25% 17Apr351.6%
3. COMPAGNIE DE FINANCEMENT FONCIER S MTN RegS1.3%
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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