Factsheet and Information Brochure
Factsheet
Target Market
Costs and charges
Fund rules (167 kB)
Prospectus (1368 kB)
Periodic reports
Sustainability SFDR (934 kB)
Annual review (PF) (2889 kB)
Semi-annual report (PF) (205 kB)
Marketing material
Sustainability profile
Brief fund information
Summary SFDR (170 kB)
Handelsbanken Nordiska Småbolag (B1 EUR)
Legal name: Handelsbanken Nordiska Småbolag (B1 EUR)
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.
Objectives and Investment Policy
The fund is actively managed, which means that the portfolio manager takes active, independent investment decisions. The long term objective of the fund is to exceed the returns of the underlying market, defined as the benchmark index.
Fund returns are determined by how the fund's investments in equities increase or decrease in value. The fund invests in equities and equity-related instruments issued by small and mid-sized companies headquartered in Sweden, Norway, Denmark, Finland and Iceland, or in companies traded on a regulated market in the Nordics. The fund thereby has a currency exposure in these markets. Small and mid-sized companies refer to 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.
We place particular emphasis on ensuring that the company's strategy concurs with our assessment of what can generate favourable share price performance when we select equities for the fund. We then evaluate the company's key ratios, such as earnings growth relative to the market's expectations.
International norms and guidelines for the environment, social responsibility and corporate governance are taken into consideration within the scope of the fund’s investment focus. The fund applies an exclusion strategy for companies operating within the fossil fuels, military equipment, tobacco, cannabis, alcohol, commercial gambling and pornography segments/sectors. However, the fund may invest in companies or funds that invest in companies involved in power generation, distribution or services related to fossil fuels in those cases where the company is deemed to be transitioning its operations to more renewable energy.
The fund may invest in derivative instruments as part of its investment focus. The fund may invest a maximum of 10% of the fund capital in fund units.
We compare the fund's performance with SIX SRI Nordic 200 Small Cap Net Index. As the fund is actively managed the performance will over time deviate from this index.
The share class normally distributes dividends in March each year. The objective is to annually distribute 4%% of the value of the units at the time of the Management Company’s decision about distributions. However, distributions can be both higher and lower. Normally, you may purchase and sell fund units every banking day.
Additional information about the sustainability work, the share class designation in parentheses and the management in relation to the funds benchmark index and risk level, may be found in the prospectus.
Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 5 years.
Performance
In percent including distribution
The bar chart above shows the fund’s historical performance in EUR, net of fees. If the fund pays dividends, performance is calculated with the distribution added back. Inflation has not been taken into account.
| Performance | Fund 1 | Index 2 |
|---|---|---|
| 31.10.2024 | 8.98 | 7.84 |
| 2023 | 8.53 | 12.24 |
| 2022 | -34.10 | -29.50 |
| 2021 | 24.61 | 25.16 |
| 2020 | 27.79 | 21.75 |
| Average. perf. | Fund 1 | Index 2 | 2 years | 11.08 | 12.36 |
|---|---|---|
| 3 years | -7.53 | -4.72 |
| 5 years | 6.44 | 7.30 |
| 10 years | 9.69 | 10.19 |
Distribution
| Date | EUR | Distribution of fund profits |
|---|---|---|
| 14.03.2024 | 5.41 | |
| 23.03.2023 | 4.92 | |
| 15.03.2022 | 6.34 |
Sector Breakdown 31.10.2024
Largest holdings 31.10.2024
| Tryg AS | 2.80% |
| NKT AS | 2.37% |
| Skanska AB Class B | 2.36% |
| Schibsted ASA Class B | 2.15% |
| AAK AB | 2.15% |
| Fastighets AB Balder Class B | 1.95% |
| Mowi ASA | 1.95% |
| Alm Brand AS | 1.91% |
| Kesko Oyj Class B | 1.87% |
| Scandic Hotels Group AB | 1.80% |
Style Box™ 31.10.2024
Risk measures (3 years) 31.10.2024
| Total risk | 23.22% |
| Total risk in index | 22.28%* |
| Tracking error | 2.43%* |
| Information ratio | -1.16* |
| Sharpe ratio | -0.42 |
| Sharpe ratio index | -0.32* |
Distributions are reinvested in the funds and their benchmarks to obtain relevant comparisons. All key figures are calculated on the basis of effective annual yields. Values for the past three years have been used for the majority of funds. For newer funds Handelsbanken Fonder AB uses Bloomberg Port for risk forecast calculations.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Total risk/Total risk in index is stated as the standard deviation for variations in the fund/index's monthly yields. The higher the number, the higher the risk.
Tracking error is measured as the standard deviation for the difference between yields in the fund and its benchmark (variation in relative yields). The historical tracking error indicates how much the fund’s yield has deviated from its benchmark.
Information ratio is a measure of the active returns attained by the fund by deviating from its benchmark. It is the ratio between the active returns and the tracking error. A negative information ratio means that the fund has underperformed its benchmark.
Sharpe ratio/Sharpe ratio is a measure of the fund/index’s return, taking into account the risk of the fund/index. A high return attained at a lower risk is better than an equivalent return attained at a high risk. Calculated, on the one hand, as the ratio between the return, less the risk-free interest (interest on government securities) and, on the other hand, the total risk of the fund/index. The Sharpe ratio is most relevant to compare the yields of various markets, while taking risk into account.
Facts
| Fund Facts | |
|---|---|
| Fund managed by | Tore Marken |
| Country of registration | Sweden |
| Main category | Equity Fund |
| Sub category | Nordic |
| Fund, date of launch | 15.10.1998 |
| Share class, date of launch | 17.01.2022 |
| Fund assets | 25,671 MSEK (31.05.2024) |
| Reporting Currency | EUR |
| Trading Currency | - |
| Instrument category | Uncomplicated |
| UCITS | Yes |
| ISIN | SE0017161326 |
| Short name | NOSB1E |
| Available for sale | Finland, Sweden |
| Fund Company Facts | |
|---|---|
| Management Company | Handelsbanken Fonder AB |
| Approval of fund operations | 06.05.1991 |
| Other approvals |
Discretionary Asset Management Manager of Alternative Investment Funds (AIFs) Provide investment advice Receive and forward orders
|
| Custodian Institution | J. P. Morgan SE - Stockholm Bankfilial |
| Legal domicile of fund | Stockholm, Sweden |
| Regulation Authority | Swedish Financial Supervisory Authority |
| Auditor | PricewaterhouseCoopers |
| Complaints Manager | Jörgen Larson |