Close

Småbolags­fond

6 July 2022
432.38 kr
One day
+1.78%
Shows data for
Småbolags­fond
Compare with

About the fund

Carnegie Småbolagsfond invests in smaller value companies on the Stockholm Stock Exchange. Such small caps have historically had stronger share price growth than larger companies, partly because they have more opportunities to grow and are more common acquisition targets. Small companies have also had better profit growth than larger companies. At Carnegie Fonder we do our own analysis and we are looking for well-managed companies with strong balance sheets and good prospects.

THIS IS A FUND FOR YOU WHO:
  • Believe in the long-term potential of Swedish small caps
  • Are willing to take a little more risk to have the opportunity for good returns
  • Want to invest in unique businesses that are too small for ordinary Swedish funds

 

Fund manager

Mattias Montgomery

Employed since 2019 and has worked in the industry since 2014.

Buy Småbolags­fond

Fees and trading

Management fee/year
1.61%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
584912
Bankgiro number
828-0638

Basic facts

Legal Seat
SE
Start date
2012-01-31
ISIN Code
SE0004392025
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
23.40%
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
0.62
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
1.04 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
Carnegie Small Cap 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
6.68%
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
90%
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 2022-06-30

Largest holding

Mildef Group AB
6.58%
Norva24 Group AB (publ)
6.39%
Ratos AB B
5.29%
NCAB Group AB
5.02%
SmartCraft ASA
5.00%
Electrolux AB
4.59%
Netel Holding AB
4.57%
Modern Times Group AB
4.12%
Concentric AB
3.85%
Stillfront Group AB
3.84%
Other holding
50.73%

Geographic distribution

Sweden
93.79%
Norway
5.00%
USA
2.00%
Luxembourg
-0.80%

Nav distribution

Equities
97.78%
Cash and equivalents
2.22%

Articles

GHP out and Enea in
Carnegie Småbolagsfond

GHP out and Enea in

A bid was placed this month for GHP International, one of the smaller holdings in the portfolio. We sold the shares almost at the bid level, and instead Enea was...

Mattias Montgomery 5 April 2022
G5 and Fortinova new holdings in November
Carnegie Småbolagsfond

G5 and Fortinova new holdings in November

G5 was added as a new holding this month. This is a game developer that focuses on women 35+ and that has a strength in match-3 games and hidden objects....

Mattias Montgomery 6 December 2021
Humble – a new holding
Carnegie Småbolagsfond

Humble – a new holding

The fund adopted Humble as a new holding this month. We believe its acquisitions help to reduce the risk of any individual product or category falling away, without missing out...

Mattias Montgomery 6 October 2021
More posts