Handelsbanken Asien Småbolag (A1 SEK)

Handelsbanken Asien Småbolag

Legal name: Handelsbanken Asien Småbolag (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 primarily in equities issued by small and mid-sized companies in Asia. Consequently, the fund has a currency exposure to this market. The fund may also invest in equities outside of this region, provided that the investee company has Asia as a significant business or market area.

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 manager

Jenny Johansson Experience in the fund industry 2022. Portfolio Manager since 1 January 2026.

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.

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 5, which means there is a medium-high 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 made in one country or a limited number of countries, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution 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™

31.12.2025

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

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 Asien Småbolag (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.

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Historical rates

Performance

Rate 28.01.2026	1 week	1 month	3 months	2026	1 year	5 years	10 years
310.22 SEK	2.81%	3.30%	2.93%	2.31%	8.51%	-0.16%	175.31%

Portfolio 26.01.2026

Portfolio manager comments — Q4 2025

The fourth quarter of 2025 was strong for the fund, which rose by just over 3% in SEK, driven by positive sentiment around AI and continued intensive investment in the sector. This was clearly reflected in the portfolio, where the leading contributors were all Taiwanese technology companies linked to the semiconductor value chain.

The single largest positive contributor was King Yuan Electronics, one of the world’s largest independent providers of testing services to the semiconductor industry. The company primarily offers testing and packaging of integrated circuits as well as a broad range of so called backend services. The share performed strongly after the market reacted positively to the company’s stable revenue development and investments to increase capacity in order to meet strong demand looking into 2026 and beyond.

Gold Circuit Electronics also contributed positively. The company manufactures advanced printed circuit boards for a wide range of applications and has benefited from ongoing AI related investments. The positive share price development is explained by favorable demand prospects for 2026, where the company’s expertise in network design and increased exposure to advanced, higher margin applications are expected to support profitability. Other contributing holdings included Chroma ATE (test equipment), Bizlink (design and manufacturing of cables), and Elite Material, a leading manufacturer of copper clad laminate for printed circuit boards.

On the negative side, performance was primarily impacted by Getac Holdings, which reported weaker than expected results for the third quarter, particularly in terms of growth and margins. Despite the launch of new products, the market remained cautious regarding demand. Sinbon Electronics also weighed on performance following weaker than expected sales development, signaling that the recovery in certain end markets is taking longer than forecast.

During the period, several changes were made, including the divestment of San Fu Chemical, Lanner Electronics, and Chicony Power.

The long term focus on strong companies within technology and digitalization remains, and Taiwan continues to be a key market with high exposure to high quality companies in the region.

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.