Activate your cash
Turn cash into opportunity
In uncertain times staying still doesn’t necessarily mean staying safe. Cash may feel like a safe and easy solution, but over time it loses real value and could potentially cause investors to miss opportunities. Investors face a choice: continue drifting, or get active and move toward more profitable waters?
Nordea 1 – Active Rates Opportunities Fund1
Consistent returns...4,5
Since inception as of 31.12.2025
Nordea 1 – Active Rates Opportunities Fund (BP EUR)
Iboxx Euro Covered Interest Rate 1y Duration Hedge
across all market scenarios…4,6
with a high-quality investment universe.7
Average portfolio rating: A+ as of end of February 2026
European Covered Bonds
44%
56%
European Government Bonds
Stable team with
a proven track record4
- Experienced team with over 15 years of collaboration
- Managing over EUR 40 billion in the rates universe2
- Long-standing expertise in fixed income markets
Dynamic allocation
across the rates spectrum2
- Active and dynamic allocation to high credit quality bonds
- Limiting duration to reduce sensitivity to macroeconomic factors
- Focusing on bond-specific factors offering opportunities to generate additional returns
A high quality “rates”
investment universe
- Government bonds
- Investment-grade bonds issued by supranational entities (SSAs)8
- High quality covered bonds
Nordea 1 – Active Rates Opportunities Fund (BP - EUR)
Activate your cash!
Rebased historical performances since inception4,9
Source: Nordea Investment Funds S.A. Period under consideration: 29.01.2019 to 31.12.2025.
2025 performance, rating and drawdown4
Source: © 2026 Morningstar, Inc. All Rights Reserved. Period: 31.12.2024 to 31.12.2025.
For those looking for opportunities seeking higher returns within high quality bonds, we offer the same concept with a slightly higher risk / return profile: Nordea 1 – Dynamic Rates Opportunities Fund.1
One concept. Two options.
Nordea 1 - Active Rates Opportunities Fund
LU1915690595 (BP-EUR) / LU1915690835 (BI-EUR)
Duration: low
Risk: 2 (low)10
Expected return: conservative2
Nordea 1 - Dynamic Rates Opportunities Fund
LU2643719961 (BP-EUR) / LU2643719888 (BI-EUR)
Duration: low
Risk: 3 (medium-low)10
Expected return: moderate2
1 With effect as of 16 October 2025 the sub-fund is renamed from Nordea 1 – European Covered Bond Opportunities Fund to Nordea 1 – Active Rates Opportunities Fund and Nordea 1 – Global Rates Opportunity Fund to Nordea 1 – Dynamic Rates Opportunities Fund.
2 There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. The value of your investment can go up and down, and you could lose some or all of your invested money.
3 Past performance is not a reliable indicator of future results.
4 The performance represented is historical; past performance is not a reliable indicator of future results and investors may not recover the full amount invested. The value of your investment can go up and down, and you could lose some or all of your invested money.
5 Source: Nordea Investment Funds S.A. Period under consideration: 29.01.2019 – 31.12.2025. Performance calculated on a NAV versus NAV basis (excluding fees and Luxembourg taxes) in the currency of the relevant share class, gross income and reinvested dividends, excluding initial and exit charges as of 31.12.2025. Initial and exit charges may affect the performance value.
6 Source: Nordea Investment Funds S.A. As of 31.12.2024.
7 Source: Nordea Investments Fund S.A. For illustrative purposes only.
8 Sovereign, supranational, and agency bonds (SSAs) are bonds issued by institutions like the World Bank or the European Investment Bank and other institutions whose activities include supporting social initiatives.
9 Performance calculated NAV to NAV (net of fees and Luxembourg taxes) in the currency of the respective share class, gross income and dividends reinvested, excluding initial and exit charges as per 31.12.2025. Initial and exit charges could affect the value of the performance. If the currency of the respective share class differs from the currency of the country where the investor resides the represented performance might vary due to currency fluctuations. With effect from 14.12.2020, the official reference index of the fund is Iboxx Euro Covered Interest Rate 1Y Duration Hedged. Prior to this date, the fund did not have an official reference index. The performance of the reference index before this date is provided for convenience purposes. This reference index is used for performance comparison purposes.
10 Referring to KID SRI Risk & Reward Profile assuming investors stay invested in Nordea 1 – Active Rates Opportunities Fund investors for 3 years, and investors stay invested in Nordea 1 – Dynamic Rates Opportunities Fund for 5 years.
Covered bond risk: Covered bonds are bonds usually issued by financial institutions, backed by a pool of assets that secure or “cover” the bond if the issuer becomes insolvent. With covered bonds the assets being used as collateral remain on the issuer’s balance sheet, giving bondholders additional recourse against the issuer in case of default. In addition to carrying credit, default and interest rate risks, covered bonds could face the risk that the collateral set aside to secure bond principal could decline in value.
For more information on risks the funds are exposed to, please refer to the section “Risk Descriptions” of the prospectus.
