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Price setting in the funds

We set prices for our funds on all working days in Norway. All prices are calculated based on the current day's market developments.

Prices are set in the funds' currency of denomination, which is NOK. Prices in other currencies, currently SEK, EUR, DKK, GBP, CHF and USD, are calculated based on the funds' NAV in NOK applying the currency exchange rate used by the relevant fund for pricing the underlying securities on the valuation day.

What is intrinsic value?

Intrinsic value provides as accurately as possible the price or net asset value (NAV) of the fund per unit at a given point in time. The calculation of intrinsic value is no guarantee of the fund price.

Intrinsic value is calculated three times a day:

• Intrinsic value 1, set at 09:05, reported at 09.15
• Intrinsic value 2, set at 10.35, reported at 10.45
• Intrinsic value 3, set at 14.35, reported at 14.45

Note: these times are indicative only and may be subject to delays.

 

Intrinsic value is calculated and published on all working days of the Oslo Stock Exchange for SKAGEN Vekst, SKAGEN Global, SKAGEN Kon-Tiki, SKAGEN m2, and SKAGEN Focus.

Prices will not be calculated on the following days in 2023:

1 January - New Year's Day

2 January - New Year's Day (US) (applies to SKAGEN Global, SKAGEN m2 and SKAGEN Focus)

16 January - Martin Luther King Jr. Day (applies to SKAGEN Global only)

23 January - Chinese New Year (applies to SKAGEN Kon-Tiki only)

24 January - Chinese New Year (applies to SKAGEN Kon-Tiki only)

20 February - President's Day (applies to SKAGEN Global only)

6 April - Maundy Thursday

7 April - Good Friday

10 April - Easter Monday

1 May - Labour Day

17 May - Norwegian Constitution Day

18 May - Ascension

29 May - Whit Monday

19 June - Juneteenth Day (applies to SKAGEN Global only)

4 July - US National Day (applies to SKAGEN Global only)

4 September - Labor Day (applies to SKAGEN Global only)

23 November - Thanksgiving (applies to SKAGEN Global only)

24 December - Christmas Eve

25 December – Christmas Day

26 December – Boxing Day

31 December - New Year's Eve

Early cut-off times

On the Wednesday before Maundy Thursday, SKAGEN has shorter opening hours. Orders on this day must be sent to SKAGEN before 12:00 CET in order to receive the day's price.

On the last working day of the year the final prices for SKAGEN's equity funds will not be available before the first working day of the new year. That is because the closing price is used to set the last fund prices of the year. 

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document. An overview of costs can be found at www.skagenfunds.com/costs.

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