About the fund
The graph above illustrates the performance for Carnegie Spin-Off B.
Carnegie Spin-Off is a unique fund focused on Swedish and Nordic investments in companies that have been, will be or are expected to be subject to a spin-off,either as a spun-off company or as a company conducting a spin-off.
The fund is managed by Simon Blecher and Mattias Montgomery.
Fees and trading
- Management fee/year
- Minimum deposit lump-sum/monthly
- Price listing
- Legal Seat
- Start date
- ISIN Code
- Risk class
- 0.51 times/year
- Benchmark index
- SIX Portfolio Return
- Active share
- Swing pricing
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.
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.
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.
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 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.