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Nomura Funds Ireland – Global Dynamic Bond Fund

Overview

In today’s uncertain environment, investors need the relative stability of fixed income assets but global yields are low and in many cases negative. To achieve attractive returns and to control risks in such an environment, a highly flexible and dynamic approach is needed. The Fund’s portfolio management team, headed by Richard (“Dickie”) Hodges, an industry veteran of more than 30′ years experience, scour the globe for attractive return opportunities whilst dynamically hedge against shorter term risks.

 

Investment Approach

  • Highly flexible fixed income portfolio with dynamic downside risk control
  • Indicative yield of 3-5% over the medium term and the potential for additional capital returns
  • Strategic, long-term physical bond holdings combined with shorter-term risk hedging

 

Reasons to Invest

  • Access to attractive return opportunities globally, with the proven ability to protect against downside risk
  • A flexible ‘go anywhere’ approach, the team are able to invest across a wide rage of fixed income securities

 

Awards and Ratings 

 

          

Investment Week Fund Manager of the Year Awards I Winner 2020 Strategic Bond

Camradata Awards I Winner 2020 MSFI Absolute Return (USD)

Camradata Awards I Winner 2019 MSFI Absolute Return (USD)

 

Dickie Hodges was awarded his Citywire rating as at June 2020.

Morningstar Overall Ratings as at 30-06-2020. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar rating based on the lead share class.

 

Potential significant risks
Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts. Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries.

Investment Objective

The fund aims to provide a combination of income and growth through investing principally in a broad range of debt securities with fixed or variable rates of income. A discretionary (unconstrained) approach combining a thematic top-down macro view with fundamental bottom-up selections. The portfolio will use both cash bonds and fixed income-related derivatives to dynamically adjust strategic positions of shorter-term market movements.

Fund Size

USD 1.6 billion (as at 30.06.2020)

Investment Company

Nomura Asset Management U.K. Ltd.

Lead Fund Manager

Richard ‘Dickie’ Hodges
Head of Unconstrained Fixed Income,
Nomura Asset Management U.K. Ltd.

Launch Date

30.01.2015

Base Currency

USD

Universe Sector

Morningstar: Global Flexible Bond

IA Sector: £ Strategic Bond

Benchmark

None

Domicile

Ireland (Nomura Funds Ireland Plc)

Lead ISINs

Institutional ‘I’ GBP Hedged – IE00BTL1GV74
Institutional ‘I’ USD – IE00BTL1GH31
Institutional ‘I’ EUR Hedged – IE00BTL1GS46

For a full list of share classes available for this fund, please see our ISIN and operational guide here

 

Richard ‘Dickie’ Hodges
Head of Unconstrained Fixed Income

Dickie joined Nomura Asset Management in November 2014 to launch the Global Dynamic Bond Fund. Prior to joining Nomura Asset Management, Dickie held the role of Head of High Alpha Fixed Income at Legal & General Investment Management (LGIM), managing its “Dynamic Bond Trust” – an unconstrained fixed income fund. He managed the Dynamic Bond Trust from its inception in 2007 until April 2014.

Bilal Ishaq Khan
Portfolio Manager

Bilal Ishaq Khan joined Nomura Asset Management in April 2016 from sister company Nomura International plc where he had served as a senior credit analyst since 2013 and helped manage a long short credit trading strategy. His career began at Goldman Sachs in 2004. For GDBF, his focus is global credit, including high yield opportunities.

Bilal graduated with distinction from the University of Southern California (BSc Corporate Finance).

Kliment Toshev
Portfolio Manager

Kliment Toshev joined Nomura Asset Management in July 2014, specialising in risk and performance analysis before joining the portfolio management team in October 2016. Prior to NAM, for two years he functioned as a Market Risk Analyst at Nomura International.

Kliment has an MSc in Mathematical Trading and Finance from Cass Business School.

Kaoru Naganuma
Portfolio Manager

Kaoru Naganuma joined Nomura Asset Management in April 2005, after graduating from Sophia University, Tokyo (MSc, Chemistry). Since joining the firm he has managed a number of absolute return-oriented multi-asset strategies. His focus for GDBF is convertible bonds.

Fraser Hedgley
Investment Specialist

Fraser Hedgley joined Nomura Asset Management in April 2008 as a product specialist. He previously spent 7 years at Mercer Investment Consulting in London and Singapore, advising clients on asset allocation and investment manager selection.

Below you will find an overview of the main share classes for the Nomura Funds Ireland – Global Dynamic Bond Fund. A complete overview of all available share classes for the fund can be found on our ISIN and operational guide here. Further information can also be found on our fund document page. Share classes may differ, for example, in the use of income, the management fee or the minimum investment amount. The investment concept remains unchanged across the share classes.

Nomura Funds Ireland - Global Dynamic Bond Fund

Share Class ISIN Bloomberg Code Launch Date Share Class Management Fee TER Minimum Initial Investment
I USD IE00BTL1GH31 NGDYGIU 30.01.2015 0.60 % p.a. 0.72 % p.a. USD 1 Mil.
I GBP Hdg IE00BTL1GV74 NGDBIGH 30.01.2015 0.60% p.a. 0.75% p.a. USD 1 Mil.
I EUR Hdg IE00BTL1GS46 NGDBIEH 05.11.2015 0.60 % p.a. 0.74 % p.a. USD 1 Mil.
ID USD IE00BTL1GZ13 NGDBIDU 13.11.2018 0.60 % p.a. 0.73% p.a. USD 1 Mil.
ID GBP Hdg IE00BTL1HB44 NGDIDGH 30.01.2015 0.60% p.a. 0.75% p.a. USD 1 Mil.
ID EUR Hdg IE00BTL1H815 NGDIDEH 08.11.2019 0.60 % p.a. 0.76% p.a. USD 1 Mil.
R USD IE00BWXC9324 NOGDBRU 30.09.2019 0.50% p.a. 0.63% p.a. USD 100 Mil.
R EUR Hdg IE00BWXC9D21 NGDYREH 06.12.2019 0.50% p.a. 0.70% p.a. USD 100 Mil.
RD GBP Hdg IE00BWXC8Z75 NGDBCRH 26.05.2015 0.50% p.a. 0.65% p.a. USD 100 Mil.
A USD IE00BTL1FJ89 NGDBAUA 10.10.2019 1.20 % p.a. 1.33% p.a. USD 5,000
AD USD IE00BTL1G064 NGDYADU 19.03.2019 1.20 % p.a. 1.32% p.a. USD 5,000
A EUR Hdg IE00BTL1FT87 NGDBAEH 30.01.2015 1.20 % p.a. 1.35% p.a. USD 5,000

TER data as at 31.12.2019 If you require information on a share class that can not be found in the above list, please contact info@nomura-asset.co.uk

Share Class Monthly
Factsheet
Fund
Snapshot
Fund
Profile
Commentary
I USD
I GBP Hedged
I EUR Hedged
AD USD
R USD

For a full list of available share class documents including KIIDs, please visit our fund documents page.

The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact info@sales-support.co.uk

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Important Disclosures 

 

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