Nordea 1 European High Yield Opportunities HB SEK

Investment Objective The fund's objective is to provide shareholders with investment growth in the medium to long term.Investment Strategy In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment opportunities. Investment policy The fund mainly invests in a wide range of European bonds and debt securities. Specifically, the fund invests at least two thirds of total assets in high yield debt securities, credit default swaps and other debt securities, including asset and mortgage-backed securities (including CDOs and CLOs (ABS/MBSs)) and contingent convertible bonds, that are denominated in European currencies or are issued by companies that are domiciled or conduct the majority of their business, in Europe. The fund may invest in convertible bonds, contingent convertible bonds, as well as swaps and other derivatives, including swaps and other derivatives based on UCITS eligible loan indices. The fund may invest in, or be exposed to up to 20% of its total assets in asset-and mortgage-backed securities, including CDOs and CLOs (ABSs/MBSs) and up to 20% of its total assets in contingent convertible bonds. 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.Derivatives: The fund may use derivatives for hedging (reducing risks), efficient portfolio management and to seek investment gains. The fund may extensively use financial derivatives to implement the investment policy and achieve its target risk profile. Usage of Total Return Swaps % total assets: 0-20% expected; 40% maximum. More information on leverage and usage of TRS is available in the fund's prospectus and accessible via www.nordea.lu. (Legal section)Techniques and Instruments Usage : None expected Benchmark ICE BofA European Currency High Yield Constrained Index - Total Return 100% Hedged to EUR.Benchmark use The benchmark is used for perfor

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No