Handelsbanken EMEA Tema (A1 SEK)

Legal name: Handelsbanken EMEA Tema (A1 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.

The fund is actively managed and invests in equities issued by companies in the EMEA region (Eastern Europe, including the former Soviet republics and Greece, the Middle East and Africa). 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.

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

As a result of the trading restrictions on the Moscow stock exchange, the fund has not been able to sell and therefore still has a few Russian holdings left. Our valuation of these holdings is currently close to zero and will be sold as soon as conditions permit. We will not be making any new investments in Russia.

Fund manager

Christopher Sundman Experience in the fund industry 1987. Portfolio Manager since 1 January 2011.

Risk 4/7

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.

About risk

The risk/return indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on the change in the fund’s value over the past 5 years.

This shareclass belongs to category 4, which means there is a medium risk for up- and downturns in the net asset value. Category 1 does not mean that the fund is risk-free. The fund's risk indicator can change both upwards and downwards on the scale over time, as the indicator is based on historical data that does not guarantee future risk/returns.

An investment in an equity fund is generally characterized by high risk as the value of the equities can fluctuate significantly over time but also has the potential for high returns.

The indicator primarily reflects the upturns and downturns in the value of the fund’s equity investments and fluctuations in exchange rates.

The indicator reflects the most important risks in the fund but excludes the following material risks:

Given that the fund’s investments are concentrated to one region, the fund normally has a higher risk relative to investments that are allocated with a larger geographical distribution and across several regions or countries.

The fund's investment focus entails exposure to markets that frequently have lower liquidity, and the variation in liquidity is considered to be higher relative to more developed markets. This can impact the fund's ability to manage significant outflows at a relatively low cost.

Risks that have not been captured by the risk indicator include: Operational risk - the risk for loss due to unforeseen policy decisions or weaknesses in a country’s securities regulations. This product does not provide any protection from future market performance. You could therefore lose some or all of your investment.

Additional information about the risks may be found in the prospectus available at www.handelsbanken.se/funds.

Total Rating™

Given that the fund has less than three years of performance history, it is not rated.
Read more about the fund's rating

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).

31.10.2025

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.

About Sustainabilty rating

The fund complies with the UN Principles for Responsible Investments.

Graph

Performance

Monthly savings

In percent including distribution in SEK

2026

1 year

3 years

5 years

10 years

Handelsbanken EMEA Tema (A1 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.

Compare funds

Historical rates

Performance

Rate 06.02.2026	1 week	1 month	3 months	2026	1 year	5 years	10 years
631.10 SEK	1.76%	4.59%	8.09%	6.11%	17.52%	43.45%	121.98%

Portfolio 26.01.2026

Portfolio manager comments — Q4 2025

The fund rose by nearly 7% in SEK during the quarter, outperforming its benchmark index* by more than 2%. The single largest positive contribution came from the holding in Airtel Africa, within the financial inclusion theme. The South African bank ABSA also performed strongly following a solid quarterly report. The banking sector generally showed strong performance across several countries in the region, supported by continued loan growth and declining interest rates.

Within the education theme, the holding in Advtech contributed positively, and the company announced continued investments in several African countries. Stadio, operating in distance education and one of the fund’s strongest contributors during 2025, also continued its positive development during the final quarter of the year.

The period, and the year as a whole, was also characterized by continued gains in precious metals, providing support to mining stocks. Although valuations in the sector do not appear stretched, gold prices have reached historically high levels, implying an increased risk of disappointments going forward.

Toward the end of the quarter, political disagreements regarding security policy in the Middle East resurfaced, with an uncertain outlook heading into 2026. The war in Ukraine continues, and although an end remains desirable, negotiations have so far made limited progress. A potential resolution could, however, have significant implications for political and economic developments in Eastern Europe.

* Solactive ISS ESG EM EMEA ex Saudi Arabia UCITS Index

Portfolio distribution 31.12.2025

Geographic breakdown 31.12.2025

Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.