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SKAGEN m2 A as of 31/08/2026

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 307,805 43,180,572 47,603,127 5.14 %
Catena AB 120,000 34,751,013 44,368,289 4.79 %
Equinix Inc (REIT) 4,402 32,795,650 43,079,791 4.65 %
PPI Public Property Invest AB 2,233,000 34,963,687 40,889,088 4.42 %
CareTrust REIT Inc 109,137 33,332,604 39,744,085 4.29 %
Prologis Inc (REIT) 30,038 34,973,733 39,295,592 4.25 %
Prisma Properties AB 1,423,334 39,630,628 36,083,054 3.90 %
Shurgard Self Storage Ltd 134,000 36,385,942 33,253,765 3.59 %
Goodman Group (REIT) 177,116 34,559,619 32,907,983 3.56 %
Cityvarasto Oyj 190,479 35,710,633 32,685,415 3.53 %
Grainger PLC 1,397,600 42,099,393 30,771,812 3.32 %
Capitaland Investment Ltd/Singapore 1,569,928 18,820,513 30,580,736 3.30 %
Aedifica SA 39,600 34,671,701 29,202,147 3.15 %
Independence Realty Trust Inc 191,894 34,533,097 29,029,058 3.14 %
UMH Properties Inc 186,785 28,056,055 28,727,705 3.10 %
Fastighets AB Balder (B shs) 544,700 36,176,024 27,957,373 3.02 %
American Tower Corp (REIT) 15,890 27,378,791 26,102,896 2.82 %
Swire Properties Ltd 816,080 18,906,236 23,339,918 2.52 %
Americold Realty Trust Inc 162,961 46,892,984 22,778,121 2.46 %
Mitsui Fudosan 251,800 22,771,374 22,444,759 2.42 %
Sun Communities Inc 18,700 29,856,272 21,228,772 2.29 %
Intea Fastigheter AB 280,400 13,189,094 19,985,660 2.16 %
Macerich Co (REIT) 87,799 15,994,265 19,389,316 2.09 %
LOG Commercial Properties e Participacoes SA 398,600 18,118,480 17,695,646 1.91 %
Kimco Realty Corp (REIT) 65,200 17,673,467 14,453,472 1.56 %
Capitaland India Trust 1,900,577 11,005,016 13,621,107 1.47 %
Pakuwon Jati Tbk PT 81,000,000 14,566,772 11,970,050 1.29 %
Robinsons Land Corp 4,578,000 11,989,462 11,687,618 1.26 %
Tokyu Fudosan Holdings Corp 131,416 7,635,222 10,225,279 1.10 %
Total Real Estate 810,618,300 801,101,636 86.55 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 1,568,000 18,853,231 40,227,860 4.35 %
Cellnex Telecom SA 115,860 44,974,976 33,319,719 3.60 %
Total Communication Services 63,828,207 73,547,578 7.95 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 339,103 24,330,234 37,379,929 4.04 %
Total Health Care 24,330,234 37,379,929 4.04 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 913,343,675 912,029,144 98.53 %
Available liquidity 13,610,846 1.47 %
Total AUM 925,639,990 100.00 %

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.