About the fund
Carnegie Listed Private Equity invests globally in listed private equity companies, with a wide diversification across different industries and geographies.
Fees and trading
- Management fee/year
- 0.80%
- Minimum deposit lump-sum/monthly
- 3,000,000kr/0kr
- Price listing
- Daily
Basic facts
- Legal Seat
- SE
- Start date
- 2019-09-02
- ISIN Code
- SE0010765826
Fund data
- Risk class
-
1234567
- Total risk
- 20.10%
- Sharpe ratio
- 1.10
- Churn
- 0.11 times/year
- Benchmark index
- LPX50 Listed Private Equity Index Total Return
- Tracking error
- 8.28%
- Active share
- 46%
- Swing pricing
- -
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
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
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
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
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
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
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 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.
Largest holding
- Other holding
- 3.75%
- KKR & Co Reg
- 8.14%
- BlackStone Hg Fin Co LLC A Reg
- 7.77%
- Apollo Global Management Inc A Reg
- 6.54%
- Carlyle Group Reg
- 4.90%
- HGCapital Trust Plc
- 4.73%
- Harbourvest Global Private Equity Ltd USD Dist
- 4.10%
- Oakley Capital Investments Ltd Reg
- 3.98%
- Berkshire Hathaway Inc
- 3.97%
- HBM Healthcare Inv AG A Reg
- 3.86%
Geographic distribution
- USA
- 38.74%
- United Kingdom
- 22.67%
- Sweden
- 6.96%
- GG
- 5.84%
- Other
- 25.78%
Nav distribution
- Equities
- 92.22%
- Cash and equivalents
- 7.78%