Handelsbanken Svenska Småbolag (A9 SEK)

Legal name: Handelsbanken Svenska Småbolag (A9 SEK)
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.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (184 kB)
Prospectus (1626 kB)
Periodic reports
Sustainability SFDR (1088 kB)
Annual review (PF) (3207 kB)
Semi-annual report (PF) (199 kB)
Marketing material
Brief fund information 
Summary SFDR (170 kB)
The fund is actively managed and invests in equities and equity-related instruments issued by small and midsized companies headquartered in Sweden or that are traded on a regulated market in Sweden. Investments are made in companies with market values at the time of the investment that do not exceed the market value of the largest company in the fund’s benchmark index. The fund may also invest in larger companies and in unlisted companies if we deem this to be beneficial to unit holders.

For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.

The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).

Fund Spotlight

The fund rules will be changed on 10 October 2025.
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Christian Brunlid

Fund manager

Christian Brunlid Experience in the fund industry 1997. Portfolio Manager since 2 May 2007.
Risk: 5/7
Risk  5/7
 
The risk indicator provides guidance on the risk level for this product relative to other financial products. It shows the likelihood that the product will decrease in value due to market performance. Risk level 1 represents a low risk and risk level 7 is a high risk.
Rating: 1
Total Rating™ 
30.06.2025
The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
Read more about the fund's rating
EuapIndicator:1
SFDR
 
This fund promotes environmental and social characteristics through its investments but does not have sustainable investments as its objective. As a result, the fund takes into consideration the environment and climate, as well as human rights, employees’ rights and corruption.
The fund is reported as an Article 8 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR).
  30.04.2025
Sustainability-
rating

The sustainability rating is developed by the fund information company Morningstar. The rating measures how well the fund's investee companies manage sustainability risks relative to other funds within the same global Morningstar category. If the fund has invested in government bonds issued by sovereign states, the respective country's sustainability risk is included in the calculation. The analyzed funds can receive a sustainability rating between 1 and 5 globes, with 5 as the highest rating.

The fund complies with the UN Principles for Responsible Investments.

Graph

In percent including distribution in SEK
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Handelsbanken Svenska Småbolag (A9 SEK) (SEK)

Note that benchmark returns, unlike fund returns, do not take distributions into account. As a result, fund returns are higher than they would otherwise be relative to benchmark.

Performance

Rate 10.07.2025 1 week 1 month 3 months 2025 1 year 5 years 10 years
121.57 SEK 0.26% 1.72% 16.11% 4.10% 2.51% 22.95% -

Portfolio 09.07.2025

Portfolio manager comments — Q2 2025
Fund performance was positive during the second quarter, rising by nearly 6% in SEK.

After concerns surrounding Trump’s tariff announcements subsided, global equity markets—including Sweden’s—recovered. Toward the end of the quarter, several central banks, including the Riksbank, began cutting interest rates—with signals of further easing ahead. This boosted risk appetite in the equity market.

Among the fund’s top contributors were Dynavox, Stillfront and Intea. All three companies delivered quarterly reports and corporate news that met market expectations.

On the negative side were AFRY, Vitrolife and Yubico, which did not fully meet expectations in connection with their reports.

The fund’s largest investments during the quarter were in Balder, SKF and Munters. Balder benefits from falling interest rates, while Munters continues to see strong demand for its products, particularly in the data center segment.

The largest divestments were in Volvo Cars, Fortnox and Biotage, with the latter two being sold following takeover bids.

We remain optimistic about an improving industrial economy toward the end of the year and expect a rebound in consumption in Northern Europe. Following the recovery in Q2, the outcomes of upcoming quarterly reports will be crucial for market sentiment in the coming months. While short-term uncertainty remains, we see strong potential for solid economic growth in 2026 – something the equity market is likely to increasingly focus on during the autumn.

Portfolio distribution 30.06.2025

Geographic breakdown 30.06.2025

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