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Principal Adverse Impact Statement - SKAGEN AS

Statement on principal adverse impacts of investment decisions on sustainability factors.

Summary

SKAGEN AS (5493000QVDNLYZSXRV67) considers principal adverse impacts of its investment decisions on sustainability factors. The present statement is the consolidated statement on principal adverse impacts of investment decisions on sustainability factors of SKAGEN AS (5493000QVDNLYZSXRV67) and includes SKAGEN SICAV products.

This statement on principal adverse impacts of investment decisions on sustainability factors covers the reference period from 1 January to 31 December 2022.

Summary of principal adverse impact statement:

As a member of Storebrand Asset Management As ("SAM" Group), all of SKAGEN's products are committed to adhering to the group-wide exclusion list ('Storebrand Standard'), which comprises a comprehensive set of exclusion criteria. These exclusion criteria are the first filter applied to reduce and manage the principal adverse impacts of the investment activity of the products in the wider group. Alignment with exclusion criteria and management of the most harmful principal adverse impacts is enforced and executed both at SAM level and at SKAGEN level on a routine basis in accordance with our Sustainable Investment Policy, SFDR disclosures and internal routine description document. Beyond the Storebrand Standard, SKAGEN's equity funds apply an ESG Integration Strategy throughout the investment process which places the products under SFDR Art 8 ('light-green') reporting and disclosure requirements. Financially material principal adverse impacts are considered, measured, and documented at various stages of the investment decision making process as part of our ESG Integration Process, exclusion criteria and materiality matrix. This is documented in quarterly screening controls and in the ESG factsheets and further summarized in external reporting (SFDR Periodic Report and Annual Sustainability Report).

Information on the principal adverse impacts of our funds' investments for the reference period from 1 January to 31 December 2022 will be reported, subject to data availability and quality, by 30 June 2023.

Read the full PAI statement here.

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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