Handelsbanken Latinamerika Impact Tema (A9 SEK)

Legal name: Handelsbanken Latinamerika Impact Tema (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.

The fund is actively managed and invests primarily in the Latin American and Central American markets. As a result, the fund has a currency exposure to these markets. The fund invests in companies whose business activities, products or services we consider have, or are expected to obtain, a positive impact on one or several of the 17 Sustainable Development Goals in Agenda 2030 that have been adopted by the UN's Member States.

The thematic investment strategy means that investments are made in a limited area in which growth is expected to result in a structural change to the economy and society. This change provides good conditions to create profitable growth over the long term for companies operating within the thematic 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 9 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).

Fund manager

Kristoffer Eklund Experience in the fund industry 2008. Portfolio Manager since 1 January 2021.

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 a limited number of regions or issuers, the fund normally has a higher risk relative to investments that are allocated with a broader geographical distribution and across a larger number of issuers.

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™

30.09.2025

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

The fund has sustainable investments as its objective. Accordingly, the fund invests in companies with products and services that are considered as contributing positively to the direct fulfillment of one or several of the targets in Agenda 2030. Refer to the fund's prospectus for additional information.
The fund is reported as an Article 9 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR).
Read more

31.07.2025

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

2025

1 year

3 years

5 years

10 years

Handelsbanken Latinamerika Impact Tema (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.

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Historical rates

Performance

Rate 27.10.2025	1 week	1 month	3 months	2025	1 year	5 years	10 years
104.57 SEK	2.49%	0.64%	9.97%	24.37%	13.80%	73.07%	-

Portfolio 09.10.2025

Portfolio manager comments — Q3 2025

The fund delivered a positive absolute return during the third quarter, but performance lagged its benchmark, the Solactive ISS ESG Screened Latin America Large Mid & Small Cap UCITS Index NTR. The primary driver of the relative underperformance was the absence of investments in the mining industry, where many stocks – particularly those exposed to precious metals – performed very strongly. With the exception of the Chilean peso, the most relevant currencies for the fund strengthened slightly against the U.S. dollar during the quarter. The market has increasingly begun to price in interest rate cuts in the United States, which has supported the positive momentum in the region.

Looking ahead, domestic drivers are expected to become increasingly important. In Argentina, elections were held in the Buenos Aires province during the quarter, with results that did not meet market expectations. This led to sharp declines in financial assets, negatively impacting the fund’s holding in Banco Galicia. The upcoming midterm elections will be decisive for the continuity of the reform agenda initiated under President Javier Milei.

In Brazil, the country is approaching an election year, and equity market developments are likely to be influenced by the outcome. Market favorite Tarcísio de Freitas, governor of São Paulo, may have strengthened his prospects during the quarter. A political shift could pave the way for a tighter fiscal policy and broad interest rate cuts, which in turn could benefit the equity market. The largest positive contributor to fund performance was Pinfra, a Mexican infrastructure company that posted strong results and completed the sale of a port investment. The company has robust growth prospects and a very strong financial position. Laureate Education, which operates universities in Mexico and Peru, also reported solid results and enjoyed positive share price performance.

The most negative contributors – in addition to the underweight in the mining sector – were the exchange operators B3 (Brazil) and BMV (Mexico), both of which failed to participate in the positive market sentiment. Klabin, a Brazilian paper producer, also underperformed, hurt by a strong local currency and declining prices for its products.

Portfolio distribution 30.09.2025

Geographic breakdown 30.09.2025

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.