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Intrinsic value

The objective of the intrinsic value calculation is to provide as accurately as possible the price or net asset value (NAV) of the fund per unit at a given point in time. The intrincic value that SKAGEN Funds determines for its fund units is the value of the fund's assets minus liabilities divided by the number of outstanding units in the fund. Hence, the calculation of intrinsic value gives an indication but does not provide a guarantee for the daily calculations of price (NAV). The intrinsic value is determined three times a day on all opening days for the Oslo Stock Exchange (business days).

Fund Latest price Date 09:30 12:15 16:00
SKAGEN Global A 168.65 EUR 25/04/2018 167.77 EUR 167.67 EUR -
SKAGEN Kon-Tiki A 91.72 EUR 25/04/2018 91.05 EUR 90.89 EUR -
SKAGEN Focus A 13.18 EUR 25/04/2018 13.03 EUR 13.00 EUR -
SKAGEN Vekst A 242.63 EUR 25/04/2018 240.76 EUR 239.98 EUR -
SKAGEN Tellus A 12.10 EUR 25/04/2018 12.09 EUR 12.10 EUR -
SKAGEN m2 A 20.02 EUR 25/04/2018 19.98 EUR 19.96 EUR -

The calculation of intrinsic value is no guarantee for what the base price will be on the relevant day.



When a fund is listed on the stock exchange it is obliged to calculate and publish the intrinsic value three times a day on the stock exchange's website. This is to ensure that investors who deal in the units of SKAGEN Funds avoid buying and selling at prices that deviate greatly from the fair value (intrinsic value). In order to comply with the principle of equal information to all unitholders, we also report the intrinsic value for the relevant funds on our website.


Price setting in the funds

We set prices for our funds on all working days in Norway. All prices are calculated based on the current day's market developments.

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.