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Morningstar Sustainability Rating


The fund is built around a core of 35 select low-priced, high-quality companies in industries from around the world, including in the emerging markets.

The objective is to provide the best possible risk adjusted return.

The fund is suitable for those with at least a five year investment horizon.

Latest report for the fund:

A focused dog
P. S. Krøyer, P.S. Krøyer's dog, "Rap". Study, 1898. The painting is manipulated and belongs to The Art Museums of Skagen.
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The benchmark index is the MSCI All Country World Index. Returns over 12 months are annualised.

Calculate fund return (in EUR)

German tax reporting

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 came to an end on 31.12.2017. Read more.

Start AUM* Min. purchase Benchmark index ISIN
26/05/2015 184 mill. EUR 50.00 EUR MSCI All Country World Index NO0010735129
*Data at fund level, inclusive of all unit classes, as of month end. Updated on the 10th of each month.

Jonas Edholm

Portfolio Manager

David Harris

Portfolio Manager
Geographic distribution of investments

19.37 %


14.00 %

Communication Services

13.40 %


10.75 %

Consumer Staples

10.02 %


9.08 %


6.60 %

Consumer Discretionary

6.58 %

Liquid assets

5.49 %

Information Technology

4.71 %

Health Care

as of 31/01/2019 - 42.01 % of all investments


5.94 %

5.14 %

4.45 %

4.41 %

4.27 %

4.05 %

3.46 %

3.31 %

All investments

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.