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Fixed income funds
SKAGEN Avkastning
SKAGEN Avkastning is our Norwegian bond fund
The fund invests primarily in Norwegian and Nordic interest-bearing transferable securities. The fund may also invest a proportion of its assets in issuers outside the Nordics.
The objective is to provide the best possible risk adjusted return.
The fund is suitable for those with at least a one year investment horizon.
Subscriptions are made in fund units and not directly in stocks or other securities. The benchmark reflects the fund's investment mandate. Since the fund is actively managed, the portfolio will deviate from the composition of the benchmark.
Historical performance
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Last updated:
The fund's mandate was changed with effect from 01.09.22, and the fund's return history prior to that date is not representative of the current mandate. The fund's benchmark index is a combination of 92 % NBP Norwegian RM3 FRN Index NOK (NORM3FRN) and 8 % NBP Norwegian HY Aggregated Index NOK Hedged (NBPHY). From 01.02.21 to 31.08.22 the fund's benchmark index was a combination of 80 % NBP Norwegian RM2 FRN Index NOK (NORM2FRN) and 20 % NBP Norwegian Government Duration 5 Index NOK (NOGOVD5). From 23.06.20 to 31.01.21 the fund's benchmark index was a combination of 80 % NBP Norwegian RM2 FRN Index NOK (NORM2FRN) and 20 % Oslo Børs (Oslo Stock Exchange) Government Bond Index 5 year (ST5X). The fund's benchmark index prior to 23.06.20 was the Oslo Børs (Oslo Stock Exchange) Government Bond Index 3 year (ST4X). As the latter benchmark index was not fully representative of the fund's risk profile and mandate, the historical performance for the index is not shown for that period.
Facts about the fund
| Start | AUM* | Min. purchase | Benchmark index | ISIN |
|---|---|---|---|---|
| 16/09/1994 | 119 mill. EUR | 50.00 EUR | NBP Norwegian RM3 FRN Index NOK & NBP Norwegian HY Aggregated Index NOK Hedged | NO0008000452 |
Portfolio Managers
Ola Bjerkestrand Mo
SKAGEN Avkastning
Top ten investments
as of 30/11/2024 - 29.85 % of all investments
DNB Bank ASA
3.70 %
Eviny AS
3.64 %
SpareBank 1 Sør-Norge ASA
3.54 %
2.99 %
Pareto Bank ASA
2.90 %
DFDS A/S
2.87 %
Entra ASA
2.84 %
SFL Corp Ltd
2.56 %
Norwegian Property ASA
2.55 %
Olav Thon Eiendomsselskap ASA
2.26 %
Questions? Feel free to contact us.
Our opening hours are Monday to Friday from 9 am to 5 pm CET