Semi-Annual Report 2013 Nordea 1, SICAV Socie´Te´ D’Investissement A` Capital Variable A` Compartiments Multiples

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Semi-Annual Report 2013 Nordea 1, SICAV Socie´Te´ D’Investissement A` Capital Variable A` Compartiments Multiples Unaudited Semi-Annual Report 2013 Nordea 1, SICAV Socie´te´ d’Investissement a` Capital Variable a` compartiments multiples Investment Fund under Luxembourg Law 562, rue de Neudorf L-2220 Luxembourg Grand Duchy of Luxembourg R.C.S. number: Luxembourg B-31442 No subscriptions can be received on the basis of these fi nancial reports. Subscriptions are only valid if made on the basis of the current prospectus accompanied by the latest annual report and the most recent semi-annual report, if published thereafter. Table of Contents Statement of Net Assets as of 30/06/2013 2 Statement of Operations and Changes in Net Assets for the period ended 30/06/2013 12 Statement of Statistics as at 30/06/2013 30 Statement of Investments in Securities and Other Net Assets as of 30/06/2013 Nordea 1 - African Equity Fund 40 Nordea 1 - Brazilian Equity Fund 42 Nordea 1 - Climate and Environment Equity Fund 43 Nordea 1 - Danish Bond Fund 44 Nordea 1 - Danish Kroner Reserve 45 Nordea 1 - Danish Mortgage Bond Fund 46 Nordea 1 - Emerging Consumer Fund 47 Nordea 1 - Emerging Market Blend Bond Fund 48 Nordea 1 - Emerging Market Bond Fund 51 Nordea 1 - Emerging Market Corporate Bond Fund 54 Nordea 1 - Emerging Market Local Debt Fund 57 Nordea 1 - Emerging Markets Focus Equity Fund 59 Nordea 1 - Emerging Stars Equity Fund 61 Nordea 1 - Euro Bank Debt Fund 63 Nordea 1 - Euro Diversifi ed Corporate Bond Fund 64 Nordea 1 - European Corporate Bond Fund 67 Nordea 1 - European Corporate Bond Fund Plus 70 Nordea 1 - European Covered Bond Fund 73 Nordea 1 - European Cross Credit Fund 74 Nordea 1 - European High Yield Bond Fund 76 Nordea 1 - European High Yield Bond Fund II 78 Nordea 1 - European Low CDS Government Bond Fund 80 Nordea 1 - European Opportunity Fund (formerly Nordea 1 - European Alpha Fund) 81 Nordea 1 - European Small and Mid Cap Equity Fund 83 Nordea 1 - European Value Fund 85 Nordea 1 - Far Eastern Equity Fund 86 Nordea 1 - Global Bond Fund 88 Nordea 1 - Global Emerging Markets Equity Fund 90 Nordea 1 - Global Fixed Income Alpha Fund 92 Nordea 1 - Global High Yield Bond Fund 94 Nordea 1 - Global Infl ation Linked Bond Fund 97 Nordea 1 - Global Portfolio Fund 98 Nordea 1 - Global Real Estate Fund 99 Nordea 1 - Global Stable Equity Fund 100 Nordea 1 - Global Stable Equity Fund - Unhedged 102 Nordea 1 - Global Value Fund 104 Nordea 1 - Heracles Long/Short MI Fund 105 Nordea 1 - Indian Equity Fund 106 Nordea 1 - International High Yield Bond Fund 107 Nordea 1 - Latin American Equity Fund 111 Nordea 1 - Low Duration US High Yield Bond Fund 113 Nordea 1 - Multi-Asset Fund 115 Nordea 1 - Multi-Asset Plus Fund 116 Nordea 1 - Nordic Equity Fund 117 Nordea 1 - Nordic Equity Small Cap Fund 118 Nordea 1 - Nordic Ideas Equity Fund 120 Nordea 1 - North American All Cap Fund 121 Nordea 1 - North American High Yield Bond Fund 122 Nordea 1 - North American Small Cap Fund 125 Nordea 1 - North American Value Fund 127 Nordea 1 - Norwegian Bond Fund 128 Nordea 1 - Norwegian Equity Fund 130 Nordea 1 - Norwegian Kroner Reserve 131 Nordea 1 - Polish Bond Fund 133 Nordea 1 - Polish Equity Fund 134 Nordea 1 - Senior Generations Equity Fund 137 Nordea 1 - Stable Emerging Markets Equity Fund 138 Nordea 1 - Stable Equity Long/Short Fund 140 Nordea 1 - Stable Return Fund 142 Nordea 1 - Swedish Bond Fund 146 Nordea 1 - Swedish Kroner Reserve 147 Nordea 1 - US Corporate Bond Fund 148 Nordea 1 - US High Yield Bond Fund 151 Nordea 1 - US Total Return Bond Fund 154 Notes to the Financial Statements as of 30/06/2013 157 Shareholder’s Information 207 Nordea 1, SICAV - Unaudited Semi-Annual Report 2013 1 Statement of Net Assets as of 30/06/2013 Combined Statement Nordea 1 - Nordea 1 - African Equity Fund Brazilian Equity Fund (in EUR) (in EUR) (in USD) Assets Shares portfolio at market value (Note 2) 5,546,736,582.77 42,016,516.98 8,043,736.65 Funds portfolio at market value (Note 2) 1,123,870.00 - - Bonds portfolio at market value (Note 2) 11,781,662,772.97 - - Cash at banks 769,151,044.26 2,253,810.10 1,595,342.47 Dividends and interest receivable 162,669,029.60 65,364.33 65,859.61 Receivable for investments sold 113,934,453.15 147,793.70 257,101.21 Receivable for purchased shares under settlement 56,112,473.55 71,826.81 155,766.81 Net other receivable 2,596,008.77 - - Receivable on swing factor (Note 13) 544,881.77 - - Unrealised gain on futures already cashed (Note 6) 39,561,830.63 - - Unrealised gain on derivatives (Note 6) 35,505,330.85 - - Unrealised gain on forward exchange contracts (Note 6) 14,105,197.77 - 12,636.97 Unrealised gain on foreign currencies receivables and payables 120,516.23 - - 18,523,823,992.31 44,555,311.92 10,130,443.72 Liabilities Overdraft at banks 569,684.16 - - Net other payable 49,486.33 - 441.48 Unrealised loss on futures already cashed (Note 6) 90,416.53 - - Unrealised loss on derivatives (Note 6) 2,782,223.05 - - Unrealised loss on forward exchange contracts (Note 6) 40,085,295.43 - - Unrealised loss on foreign currencies receivables and payables 66,861.95 3,638.24 4,726.28 Payable for investments purchased 87,281,261.79 - 245,676.58 Accrued fees 52,047,319.42 287,437.55 75,505.52 Payable for redeemed shares under settlement 105,005,936.95 50,712.89 19,248.32 Payable under repurchase agreements (Note 6) 1,568,995.89 - - 289,547,481.50 341,788.68 345,598.18 Net Assets 18,234,276,510.81 44,213,523.24 9,784,845.54 Portfolio at acquisition cost 16,963,861,911.96 40,818,892.86 8,869,989.74 Nordea 1 - Nordea 1 - Nordea 1 - Emerging Market Blend Emerging Market Emerging Market Bond Fund Bond Fund Corporate Bond Fund (in USD) (in USD) (in USD) Assets Shares portfolio at market value (Note 2) - - - Funds portfolio at market value (Note 2) - - - Bonds portfolio at market value (Note 2) 90,091,781.45 167,842,788.07 395,825,966.72 Cash at banks 3,350,727.34 3,036,849.03 34,573,659.62 Dividends and interest receivable 1,700,381.75 3,128,929.49 6,401,701.98 Receivable for investments sold 818,019.27 1,786,080.73 414,516.76 Receivable for purchased shares under settlement - 247,748.38 1,815,464.96 Net other receivable --- Receivable on swing factor (Note 13) - - - Unrealised gain on futures already cashed (Note 6) - - - Unrealised gain on derivatives (Note 6) - - - Unrealised gain on forward exchange contracts (Note 6) - - - Unrealised gain on foreign currencies receivables and payables 354.65 2.54 3.90 95,961,264.46 176,042,398.24 439,031,313.94 Liabilities Overdraft at banks --- Net other payable 207.86 215.02 56.03 Unrealised loss on futures already cashed (Note 6) - - - Unrealised loss on derivatives (Note 6) - - - Unrealised loss on forward exchange contracts (Note 6) 89,410.51 1,717,268.81 702,813.25 Unrealised loss on foreign currencies receivables and payables - - - Payable for investments purchased 628,669.28 1,003,296.70 300,078.47 Accrued fees 132,319.57 748,648.89 1,308,979.24 Payable for redeemed shares under settlement - 1,193,152.87 460,762.01 Payable under repurchase agreements (Note 6) - - - 850,607.22 4,662,582.29 2,772,689.00 Net Assets 95,110,657.24 171,379,815.95 436,258,624.94 Portfolio at acquisition cost 100,016,717.16 185,917,397.78 421,470,985.65 The accompanying notes form an integral part of these fi nancial statements. 2 Nordea 1, SICAV - Unaudited Semi-Annual Report 2013 Nordea 1 - Nordea 1 - Nordea 1 - Nordea 1 - Nordea 1 - Climate and Environment Danish Bond Fund Danish Kroner Reserve Danish Mortgage Emerging Consumer Equity Fund Bond Fund Fund (in EUR) (in DKK) (in DKK) (in DKK) (in EUR) 29,468,259.38 - - - 260,871,657.00 ----- - 246,389,036.36 142,768,586.57 4,144,506,279.62 - 417,612.50 4,098,038.39 4,734,111.60 24,960,084.69 6,504,594.49 50,300.02 3,547,864.32 1,347,665.47 38,679,892.61 465,713.92 - - - 12,563,742.46 3,269,134.77 116,955.06 2,238.00 23,795.65 13,349,982.28 329,792.30 ----- ----- - - - 1,578,246.26 - - - - 1,053,720.40 - - - - 925,377.33 - - 2.47 - 380.96 31,649.27 30,053,126.96 254,037,179.54 148,874,159.29 4,237,617,706.61 271,472,541.75 ----- ----- ----- ----- ----14,365.13 354.28 - 0.06 - - ----- 145,831.36 750,405.69 184,517.46 7,826,497.59 1,108,991.45 58,381.03 80,673.92 74,454.57 2,890,595.81 6,111,520.48 ----- 204,566.67 831,079.61 258,972.09 10,717,093.40 7,234,877.06 29,848,560.29 253,206,099.93 148,615,187.20 4,226,900,613.21 264,237,664.69 24,986,831.25 240,993,033.53 143,365,024.95 4,125,351,842.79 230,481,885.05 Nordea 1 - Nordea 1 - Nordea 1 - Nordea 1 - Nordea 1 - Emerging Market Local Emerging Markets Focus Emerging Stars Euro Bank Debt Fund Euro Diversifi ed Debt Fund Equity Fund Equity Fund Corporate Bond Fund (in USD) (in USD) (in USD) (in EUR) (in EUR) - 6,392,340.41 541,206,075.32 - - ----- 30,814,790.58 - - 32,647,244.37 73,561,731.78 605,310.52 243,497.28 6,647,516.09 409,805.85 89,117.03 561,440.40 9,813.21 511,239.77 661,097.13 1,323,495.48 - - 3,556,076.69 - 634,530.33 - - 1,438,705.59 23,478.00 - - - - 80,702.06 6,650.00 - - - 321,859.31 223,022.46 ----- ----- ----- - 298.83 19,188.55 - - 31,981,541.50 6,645,949.73 553,378,802.01 34,144,186.72 75,838,547.08 ----- - 39.05 197.35 - - ----- - - - 64.90 - 186,411.45 - 19,605.86 4,507.92 947,610.72 ----- - 66,275.54 5,450,456.99 - - 93,344.26 32,804.44 2,406,067.16 62,827.76 18,226.29 - - 2,910,913.94 - 308,868.00 - - - 1,568,995.89 - 279,755.71 99,119.03 10,787,241.30 1,636,396.47 1,274,705.01 31,701,785.79 6,546,830.70 542,591,560.71 32,507,790.25 74,563,842.07 33,223,084.51 5,983,844.03 547,683,312.46 31,395,341.94 72,192,184.37 The accompanying notes form an integral part of these fi nancial statements.
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