Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (162 kB)
Prospectus (1401 kB)
Periodic reports
Sustainability SFDR (927 kB)
Annual review (PF) (2894 kB)
Semi-annual report (1799 kB)
Marketing material
Brief fund information
Summary SFDR (144 kB)
Handelsbanken Amerika Småbolag Tema (A10 NOK)
Legal name: Handelsbanken Amerika Småbolag Tema (A10 NOK)
Equity Fund Registered in Sweden (UCITS)
Bid
About risk
Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.
Objectives and Investment Policy
The fund is actively managed, which means that the portfolio manager takes active, independent investment decisions. The long term objective of the fund is to exceed the returns of the underlying market, defined as the benchmark index.
Fund returns are determined by how the fund's investments in equities increase or decrease in value. The fund invests in equities issued by U.S., Canadian and Mexican small and mid-sized companies or in such small and mid-sized companies that have a minimum of 50% of their business operations in these countries. As a result, the fund has a currency exposure to these markets.
The thematic investment strategy provides for investments that occur in a limited area in which development is deemed to result in a structural change to the economy and society. This change provides favorable conditions for companies active within the area to create profitable growth over time. Our main themes are Demographics, Productivity, Lifestyles and the Environment.
International norms and guidelines for the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund’s investment focus. The fund applies an exclusion strategy for companies operating within the fossil fuels, military equipment, tobacco, cannabis, alcohol, commercial gambling and pornography segments/sectors. However, the fund may invest in companies or funds that invest in companies involved in power generation, distribution or services related to fossil fuels in those cases where the company is deemed to be transitioning its operations to more renewable energy.
The fund may invest in derivative instruments as part of its investment focus. The fund may invest a maximum of 10% of the fund capital in fund units.
We compare the fund's performance with Solactive ISS ESG Screened USA Small Cap Index NTR. As the fund is actively managed the performance will over time deviate from this index.
The shareclass does not distribute dividends. All income is reinvested in the fund.
Normally, you may purchase and sell fund units every banking day.
Additional information about the sustainability work, the share class designation in parentheses and the management in relation to the funds benchmark index and risk level, may be found in the prospectus.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 5 years.
Performance
In percent including distribution
The bar chart above shows the fund’s historical performance in NOK, net of fees. If the fund pays dividends, performance is calculated with the distribution added back. Inflation has not been taken into account.
| Performance | Fund 1 | Index 2 |
|---|---|---|
| 30.04.2024 | 10.89 | 8.17 |
| 2023 | 19.76 | 21.80 |
| 2022 | -14.93 | -12.73 |
| 2021 | 18.92 | 20.25 |
| 2020 | 32.74 | 20.88 |
| Average. perf. | Fund 1 | Index 2 | 2 years | 14.67 | 14.28 |
|---|---|---|
| 3 years | 7.01 | 7.83 |
| 5 years | 13.74 | 12.67 |
| 10 years | 16.45 | 15.06 |
Sector Breakdown 30.04.2024
Largest holdings 30.04.2024
| Watsco Inc Class A | 3.09% |
| Carlisle Companies Inc | 2.92% |
| Tyler Technologies Inc | 2.89% |
| Core & Main Inc Class A | 2.83% |
| Applied Industrial Technologies Inc | 2.76% |
| Jack Henry & Associates Inc | 2.75% |
| Pool Corp | 2.73% |
| Service Corp International | 2.70% |
| Clean Harbors Inc | 2.67% |
| WEX Inc | 2.65% |
| All holdings | |
Style Box™ 30.04.2024
Risk measures (3 years) 30.04.2024
| Total risk | 13.83% |
| Total risk in index | 14.86%* |
| Tracking error | 4.49%* |
| Information ratio | -0.18* |
| Sharpe ratio | 0.37 |
| Sharpe ratio index | 0.39* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Rikard Forssmed |
| Country of registration | Sweden |
| Main category | Equity Fund |
| Sub category | North America |
| Fund, date of launch | 07.12.2018 |
| Share class, date of launch | 07.12.2018 |
| Fund assets | 15,465 MSEK (31.12.2023) |
| Reporting Currency | NOK |
| Trading Currency | - |
| Instrument category | Uncomplicated |
| UCITS | Yes |
| ISIN | SE0011337443 |
| Short name | AXA10N |
| Available for sale | Norway, Sweden |
| Fund Company Facts | |
|---|---|
| Management Company | Handelsbanken Fonder AB |
| Approval of fund operations | 06.05.1991 |
| Other approvals |
Discretionary Asset Management Manager of Alternative Investment Funds (AIFs) Provide investment advice Receive and forward orders
|
| Custodian Institution | J. P. Morgan SE - Stockholm Bankfilial |
| Legal domicile of fund | Stockholm, Sweden |
| Regulation Authority | Swedish Financial Supervisory Authority |
| Auditor | PricewaterhouseCoopers |
| Complaints Manager | Jörgen Larson |