Handelsbanken Svenska Småbolag (A10 SEK)

Legal name: Handelsbanken Svenska Småbolag (A10 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 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 manager

Christian Brunlid Experience in the fund industry 1997. Portfolio Manager since 2 May 2007.

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 smaller companies that frequently have lower liquidity. In general, the variation in liquidity is considered to be higher relative to the equity market overall. This can impact the fund's ability to manage significant outflows at a relatively low cost.

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 Svenska Småbolag (A10 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.

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Historical rates

Performance

Rate 26.01.2026	1 week	1 month	3 months	2026	1 year	5 years	10 years
2,492.47 SEK	0.40%	-0.63%	-4.80%	-1.90%	-7.58%	-12.21%	-

Portfolio 26.01.2026

Portfolio manager comments — Q4 2025

The fund rose by 2.5% in SEK during the final quarter of the year, while the benchmark index* increased by 4.1%. The primary reason for the relative underperformance was the profit warnings issued by Truecaller and Surgical Science, whose shares fell by approximately 53% and 63%, respectively, during the period. Excluding these two events, the fund’s return would have exceeded the index.

The fund’s largest positive contributor was Acast, which rose by approximately 63% following a strong quarterly report showing improved and increasing profitability.

Regarding portfolio changes, we began building a position in Volvo Cars ahead of the company’s third‑quarter report. Following the strong report, the holding was increased further. In addition, the fund invested in a number of smaller companies, each representing a limited share of the portfolio but together offering interesting potential. Examples include Alligo, Karnell, Ovzon, and Swedencare.

In the coming period, reporting of full‑year results will begin, which will be an important input for portfolio construction ahead of 2026. There are strong indications that the Swedish economy is entering a cyclical recovery, with improving conditions for consumers. This is expected to particularly benefit smaller companies, which generally have greater exposure to the domestic market than larger companies.

* SIX SRI Sweden 200 Small Cap Gross 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.