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SKAGEN has provided its German clients with the required transparent tax reporting for the last 4 years, and has published both the daily and the annual tax reporting figures. This transparent regime has come to an end on 31.12.2017. SKAGEN will not provide the daily reporting beyond 31.12.2017 and the last annual reporting for 2017 will be provided in April 2018.

The new German Investment Tax Act 2018 has come into force on 1 January 2018.

Qualification as an equity fund (Sec. 2 para. 6 and 8 German Investment Tax Act 2018)

Equity funds are investment funds that, pursuant to their investment terms and conditions, continuously invest a minimum of 51 percent of fund assets in equity investments. The fund qualifies as "Equity Fund" in the meaning of Sec. 2 para. 6 and 8 German Investment Tax Act (2018) and therefore 30% of the investment income is tax exempt. These conditions are observed in the factual asset management and the daily equity participation can be provided upon request. In the past the fund 's equity participation has been at least 90%.

As the management company authorised to represent our UCITS Funds, we hereby declare the following:

The investment fund continuously will invest within the complete calendar year 2018 at least 51 percent of its value in equity investments.

ADDI figures valid as of January 1, 2018

January 1, 2018

UCITS Fund

ADDI Figure

The figure is valid as of

SKAGEN Global A

NOK 1,338.9040 (NOK 1,304.9246 + NOK 33.9794

January 1, 2018

SKAGEN Kon-Tiki A

NOK 697.8374 (NOK 697.0153 + NOK 18.8221)

January 1, 2018

SKAGEN Vekst A

NOK 2,331.6564 (NOK 2,305.3102 + 26.3462)

January 1, 2018

SKAGEN Focus A

NOK 2.8936 (NOK 1.7946 + 1.0990)

January 1, 2018

 

Historical ADDI figures can be found here (PDF)

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.