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Effective 1/1/2014, the Fund’s investment mandate changed from investing a minimum of 50% of its funds in Norway to investing a minimum of 50% of its funds in the Nordic countries. This means that returns prior to the change were achieved under different circumstances than they are today.

Morningstar

SFDR classification

SKAGEN Vekst invests in companies that are attractively priced relative to expected profitability and growth. The majority of the fund is invested in the Nordic region and the remainder worldwide. The fund's objective is to provide unit holders with the best possible return for the risk taken by the fund. The fund is suitable for investors with a minimum five-year investment horizon.

Read more about the fund's investment strategy and portfolio characteristics

Subscriptions are made in fund units and not directly in stocks or other securities.  The benchmark reflects the fund's investment mandate. Since the fund is actively managed, the portfolio will deviate from the composition of the benchmark. 

Latest report for the fund:

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Effective 1/1/2014, the Fund's investment mandate changed from investing a minimum of 50% of its funds in Norway to investing a minimum of 50% of its funds in the Nordic countries. This means that returns prior to the change were achieved under different circumstances than they are today.

The current benchmark index is MSCI Nordic/MSCI AC ex. Nordic. Prior to 1/1/2014, the benchmark index was an evenly composed benchmark index consisting of the Oslo Stock Exchange Benchmark Index (OSEBX) and the MSCI All Country World. The benchmark index prior to 1/1/2010 was the Oslo Stock Exchange Benchmark Index (OSEBX). Returns over 12 months are annualised.

Søren Milo Christensen

Portfolio Manager
SKAGEN Vekst

Sondre Solvoll Bakketun

Portfolio manager
SKAGEN Vekst
Geographic distribution of investments

20.56 %

Financials

15.43 %

Industrials

10.50 %

Materials

10.29 %

Health Care

9.60 %

Communication Services

8.48 %

Information Technology

7.64 %

Consumer Staples

6.71 %

Energy

4.12 %

Liquid assets

3.55 %

Consumer Discretionary

3.11 %

Real Estate

as of 30/09/2024 - 39.63 % of all investments

Novo Nordisk A/S

8.07 %

JP Morgan Chase Bank NA, Luxembourg

4.24 %

3.99 %

Nordea Bank Abp

3.55 %

Telenor ASA

3.50 %

Boliden AB

3.32 %

Ping An Insurance Group Co of China Ltd

3.29 %

UPM-Kymmene Oyj

3.27 %

Essity AB

3.24 %

Yara International ASA

3.16 %

All investments

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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