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Sverigefond A

25 January 2022
4,024.65 kr
One day
+0.81%
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Sverigefond A
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About the fund

Carnegie Sverigefond invests in listed Swedish equities and contains the country’s best and most stable companies. We invest long-term in value companies with sustainable businesses, strong balance sheets and attractive dividend opportunities. An ideal company also has good prospects, high profitability over time and a goal that is shared by both management and shareholders.

Carneige Sverigefond is actively managed and contains 20 to 40 equities. Investment decisions are based on our own analysis, experience and frequent company visits.

 THIS IS A FUND FOR YOU WHO:
  • Want to invest in a Swedish fund with a long successful history
  • Believe in the continued success of Swedish quality companies
  • Have a long-term investment horizon of at least three to five years

Fund manager

Simon Blecher

BSc Business Administration. Employed since 2006 and has worked in the industry since 2000. Star Manager of the year in 2011, 2013, 2014.

Mattias Sjödin

Buy Sverigefond A

Fees and trading

Management fee/year
1.42%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
393314
Bankgiro number
5614-6863

Basic facts

Legal Seat
SE
Start date
1987-01-08
ISIN Code
SE0000429789
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
19.40%
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
0.88
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
0.41 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
SIX Portfolio 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
3.77%
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
64%
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 2021-12-31

Largest holding

Investor AB B
8.07%
Holmen AB Reg B
7.36%
Volvo AB B
7.22%
Atlas Copco AB B Reg
5.45%
ABB Ltd Reg
5.44%
Lifco AB
5.33%
Essity AB B Reg
4.65%
Skanska AB B
4.61%
Sandvik AB
4.38%
Telefon AB LM Ericsson B
4.12%
Other holding
43.37%

Geographic distribution

Sweden
91.85%
Switzerland
5.44%
United Kingdom
2.72%
Luxembourg
-0.01%

Nav distribution

Equities
98.94%
Cash and equivalents
1.06%

Articles

Volatile November
Carnegie Sverigefond

Volatile November

Index movements were relatively moderate if we look only at the start and end of November, but much more happened in between. There were dramatic increases in European electricity prices,...

Mattias Sjödin 6 December 2021
Focus on inflation and supply chains
Carnegie Sverigefond

Focus on inflation and supply chains

September’s stock market was in many ways more dramatic than the index suggests. The market’s focus fell on supply chain bottlenecks and the associated inflation, and to some extent on...

Mattias Sjödin 5 October 2021
August: Ericsson, H&M and Electrolux
Carnegie Sverigefond

August: Ericsson, H&M and Electrolux

Following high pressure and continuous bathing weather throughout June and July, August was completely different − a rainy month. We experienced something similar on the Swedish stock exchange. The reporting...

Simon Blecher 1 September 2021
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