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Carnegie Listed Private Equity A

23 May 2022
486.64 kr
One day
-0.39%
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Carnegie Listed Private Equity A
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About the fund

Carnegie Listed Private Equity invests globally in listed private equity companies, with a wide diversification across different industries and geographies.

Fund manager

Tom Berggren

Buy Carnegie Listed Private Equity A

Fees and trading

Management fee/year
1.50%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
341362
Bankgiro number
5625-3826

Basic facts

Legal Seat
SE
Start date
2009-10-09
ISIN Code
SE0003039874
Morningstar rating

Fund data

Risk class
1
2
3
4
5
6
7
Risk category

The seven-point risk scale is common to funds in the EU. Risk category 1 represents the lowest risk but also the lowest possibility of returns. Seven is the highest risk with higher possibility of returns. The risk category is based on how the fund's value has fluctuated over the past five years.

Total risk
14.30%
Total risk

A measure of risk that measures value changes. Stated as a percentage. The higher the percentage, the higher the volatility. Calculated as the standard deviation of monthly returns for the fund during 24 months, multiplied by the square root of the number of months during the year.

Sharpe ratio
1.54
Sharpe ratio

The Sharpe ratio is a measure of risk that compares the actual return on the portfolio, minus the risk-free interest rate, to the total portfolio risk. Portfolio risk is defined as the standard deviation of returns over 24 months. This can be said to illustrate the payment you receive for the risk you take.

Churn
0.22 times/year
Churn

Churn measures how many transactions are made by the fund manager. It is defined as the lowest of the sum of purchased and sold securities, divided by the average net asset value of the fund. Churn is expressed as an annual rate.

Benchmark index
LPX50 Listed Private Equity Index Total Return
Benchmark index

The benchmark index has been used as a basis for calculating Tracking Error and Active Share. The chosen benchmark is deemed to be relevant as it corresponds well with the fund’s investment policy.

Tracking error
6.58%
Tracking error

Tracking error measures the difference in returns between a fund and its benchmark. The lower the tracking error, the more correlated the returns are to the benchmark. The higher the tracking error, the more the returns deviates from the benchmark. Reported as a percentage.

Active share
44%
Active share

Active share measures how much the portfolio holdings differ from the benchmark index constituents. The higher the percentage, the higher the deviation is. Reported as a percentage.

Swing pricing
-
Swing pricing

Swing pricing means that the fund’s NAV rate may be adjusted when the fund’s net flows (the sum of deposits and withdrawals in the fund) during a given day exceed a threshold value. The threshold value is an amount and is calculated by a percentage of the fund’s total value. This is called partial swing and is the method of swing pricing used by Carnegie Fonder. If the threshold value is exceeded, a swing factor is applied which is a certain percentage and which is judged to correspond to the costs of managing the net flows. The reason why swing pricing is used is that large transaction costs can arise with large net flows. In order for these costs not to affect other unit holders in the fund, they are instead charged to the unit holders who caused the flow by adjusting the NAV rate with the swing factor. The levels of the threshold and the swing factor are reviewed by Carnegie Fonder on a regular basis.

Show holding
Updated 2022-04-30

Largest holding

KKR & Co Reg
7.27%
BlackStone Hg Fin Co LLC A Reg
6.86%
Apollo Global Management Inc
5.87%
HGCapital Trust Plc
5.60%
Berkshire Hathaway Inc
5.22%
Oakley Capital Investments Ltd Reg
4.97%
Harbourvest Global Private Equity Ltd USD
4.42%
Carlyle Group Reg
4.23%
Eurazeo SA
3.86%
3i Group Plc
3.80%
Other holding
47.92%

Geographic distribution

USA
37.12%
United Kingdom
24.15%
Canada
6.65%
GG
5.41%
Other
26.70%

Nav distribution

Equities
97.52%
Cash and equivalents
2.48%

Articles

Stability in a turbulent world

Stability in a turbulent world

These are troubled times, and we are seeing great human suffering in Ukraine. The stock markets had a relatively quiet month, but most major indices fell further. Carnegie Listed Private...

Tom Berggren 5 April 2022
Bridgepoint new holding – High return over 35 years
Carnegie Listed Private Equity

Bridgepoint new holding – High return over 35 years

More quarterly reports were published by our holdings in November. Like earlier reports, these showed very strong development. The month saw good value growth for the fund, despite stock market...

Tom Berggren 6 December 2021
Optimistic despite nervous market
Carnegie Listed Private Equity

Optimistic despite nervous market

After a long period of gains, stock markets turned downward in September and all major indices outside Japan and China were negative. As in previous periods of turbulence, Carnegie Listed...

Tom Berggren 6 October 2021