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Holberg Norden

Holberg Norden is an actively managed global equity fund primarily investing in listed companies in the Nordic markets.

24.01.2022

Rate

654.58

Since start*

9.3%

This year

-8.4%

1 year

13.7%

3 years*

19.7%

5 years*

12.7%

10 years*

13.5%

*Returns beyond 12 months are annualised

 The Fund has a defined investment approach, based on the belief that creating shareholder value in a company is a long-term process. The Fund’s portfolio is managed independently of the composition of the benchmark. The Fund has a concentrated portfolio where each company has a meaningful weight and thereby a disciplinary effect in the portfolio construction. The Fund is managed with a “bottom-up” focus, using internal models and research input in combination with company visits. We are looking for companies with high return on capital and strong growth prospects in attractive industries. In addition we look for a strong management with documented focus on shareholder value and risk management. Finally favour attractive valuation.

Fund return

Period

Pr. 24. January 2022

Calculate return

Return per 24. January

Fund Bencmark index Excess return
Since start* 9.3% 9.1% 0.1%
This year -8.4% -10.6% 2.2%
Last 12 months 13.7% 8.3% 5.4%
Last 3 years* 19.7% 18.2% 1.5%
Last 5 years* 12.7% 14.1% -1.4%
Last 10 years* 13.5% 15.2% -1.7%

* Annual Average Return

Portrett av Robert

Robert Lie Olsen

Portfolio Manager

Portrett av Jørgen

Jørgen Müller

Portfolio Manager

Funds largest investments

The fund's investments

Industrials 30.5%
Consumer Discretionary 24.8%
Financials 12.4%
Energy 9.8%
Consumer Staples 9.1%
Other 13.4%

7.6%

Sampo Oyj

6.8%

Loomis AB

6.4%

Electrolux AB

6.2%

Europris ASA

6.2%

Inwido AB

4.9%

International Petroleum Corp/Sweden

4.7%

NCC AB

4.6%

Orkla ASA

4.5%

Valmet Oyj

4.5%

Carlsberg AS

4.2%

Novo Nordisk

4.1%

Arjo AB

3.7%

AF Poyry AB

3.5%

Danske Bank A/S

3.3%

Hexpol

3.1%

Bilia AB (publ)

3.1%

Komplett ASA

3.0%

AcadeMedia AB

2.9%

Nokian Renkaat Oyj

2.9%

AddTech AB

2.9%

Subsea 7 S.A

2.0%

Aker BP ASA

1.7%

Cash

1.7%

Vestas Wind System A/S

1.4%

Hoist Finance AB (publ)

0.1%

Other

Facts

Total assets

NOK 2 718 mill.

Subscription amount

min. NOK 1.000

Benchmark index

VINX Benchmark Cap Index

Annual management fee

1,50%

Redemption fee

0%

Subscription cost

0%