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Overview of all investments

SKAGEN Focus A as of 31/01/2026

Materials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
KCC Corp 37,873 98,199,120 123,505,119 3.94 %
Wienerberger 229,111 78,226,925 72,995,692 2.33 %
Methanex Corp 159,125 58,896,000 72,889,858 2.33 %
Acerinox 411,729 48,634,254 58,818,759 1.88 %
Aperam SA 118,135 34,710,335 49,294,018 1.57 %
Wacker Chemie 59,829 52,340,906 46,902,865 1.50 %
West Fraser Timber Co Ltd 71,345 45,675,960 46,815,951 1.49 %
Solvay 123,919 45,206,604 35,094,307 1.12 %
Taiheiyo Cement 121,656 32,307,207 32,090,133 1.02 %
Aya Gold & Silver Inc 105,551 10,684,561 16,535,588 0.53 %
Total Materials 504,881,872 554,942,291 17.72 %

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Hyundai Mobis Co Ltd 41,216 76,427,313 123,412,336 3.94 %
Aumovio SE 255,307 109,242,682 118,310,109 3.78 %
Mazda Motor Corp 1,018,386 83,119,351 75,189,074 2.40 %
Beazer Homes USA Inc 296,993 82,048,154 61,492,849 1.96 %
Brembo N.V. 498,396 54,671,548 57,711,132 1.84 %
TUI AG (EUR) 454,129 43,491,631 46,756,310 1.49 %
Aisan Industry Co Ltd 335,655 46,481,276 45,846,081 1.46 %
SEB SA 77,849 52,678,459 42,351,801 1.35 %
Forvia 251,612 27,558,052 39,665,675 1.27 %
B&M European Value Retail SA 821,792 25,399,126 19,089,318 0.61 %
Total Consumer Discretionary 601,117,592 629,824,683 20.11 %

Industrials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Ayvens SA 792,924 92,335,967 110,921,246 3.54 %
Befesa SA 297,069 103,746,289 105,095,915 3.36 %
Swire Pacific B 5,104,820 71,261,718 79,622,541 2.54 %
GT Capital Holdings Inc 710,547 78,883,726 77,611,116 2.48 %
Vesuvius 1,279,285 72,324,767 77,446,245 2.47 %
DL E&C Co Ltd 252,221 75,661,052 74,512,882 2.38 %
Takuma Co 476,009 56,692,589 73,932,317 2.36 %
Grupo Traxion SAB de CV 9,109,380 113,556,911 70,822,104 2.26 %
Takeuchi Manufacturing Co Ltd 135,595 53,326,670 53,916,179 1.72 %
Doosan Bobcat Inc 116,670 43,123,556 45,749,138 1.46 %
CNH Industrial NV 416,890 46,539,067 43,058,808 1.37 %
Total Industrials 807,452,312 812,688,491 25.95 %

Financials

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Samsung Fire & Marine Insurance Co Ltd 38,138 80,269,009 95,502,391 3.05 %
Korean Reinsurance Co 1,180,000 42,732,695 92,620,018 2.96 %
Banco del Bajio SA 2,890,000 71,241,472 82,102,690 2.62 %
BNK Financial Group Inc 693,935 52,995,217 76,866,094 2.45 %
Banca Monte dei Paschi di Siena SpA 768,915 68,078,277 76,689,977 2.45 %
EXOR NV 94,800 92,343,001 74,805,490 2.39 %
T Rowe Price Group Inc 69,760 72,495,263 70,766,470 2.26 %
Alior Bank SA 213,585 58,376,118 67,309,683 2.15 %
PEUGEOT INVEST 75,074 71,762,716 62,497,720 2.00 %
iM Financial Group Co Ltd 509,049 31,375,135 52,618,405 1.68 %
Total Financials 641,668,903 751,778,939 24.00 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Omnicom Group Inc 70,538 53,825,476 52,163,614 1.67 %
Akatsuki Inc 251,687 42,550,731 39,890,024 1.27 %
TF1 - Television Francaise 346,261 34,516,460 32,245,910 1.03 %
Total Communication Services 130,892,667 124,299,548 3.97 %

Information Technology

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Siltronic AG 68,660 48,127,526 41,241,707 1.32 %
Sopra Steria Group SACA 21,916 45,664,534 38,591,597 1.23 %
Lenovo Group 2,910,840 32,379,284 31,770,590 1.01 %
Total Information Technology 126,171,344 111,603,894 3.56 %

Consumer Staples

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Albertsons Cos Inc 250,161 49,070,047 39,981,777 1.28 %
E-Mart co Ltd 63,357 37,533,827 38,448,764 1.23 %
Tate & Lyle 626,267 54,415,170 31,066,540 0.99 %
Total Consumer Staples 141,019,044 109,497,081 3.50 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 3,054,127,507 3,034,488,562 96.88 %
Available liquidity 97,653,357 3.12 %
Total AUM 3,132,141,919 100.00 %

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 which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com.