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SKAGEN m2 A as of 30/06/2026

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 352,000 25,255,578 56,044,945 5.54 %
Total Health Care 25,255,578 56,044,945 5.54 %

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 307,805 42,152,490 55,578,336 5.49 %
Catena AB 120,000 34,751,013 51,065,652 5.04 %
Equinix Inc (REIT) 4,746 35,358,509 48,954,849 4.84 %
CareTrust REIT Inc 114,235 34,889,634 45,612,142 4.51 %
PPI Public Property Invest AB 2,233,000 34,963,687 42,420,911 4.19 %
Prologis Inc (REIT) 30,038 34,973,733 40,267,242 3.98 %
Shurgard Self Storage Ltd 134,000 36,385,942 38,809,830 3.83 %
Goodman Group (REIT) 177,116 34,559,619 37,799,335 3.73 %
Prisma Properties AB 1,423,334 39,630,628 33,762,949 3.34 %
Cityvarasto Oyj 190,479 35,710,633 33,402,255 3.30 %
Independence Realty Trust Inc 191,894 34,533,097 31,692,425 3.13 %
Aedifica SA 39,600 34,671,701 31,629,831 3.12 %
Grainger PLC 1,397,600 42,099,393 31,149,914 3.08 %
Capitaland Investment Ltd/Singapore 1,569,928 18,820,513 29,906,571 2.95 %
UMH Properties Inc 198,900 29,875,789 29,798,774 2.94 %
American Tower Corp (REIT) 18,290 31,514,039 29,604,321 2.92 %
Fastighets AB Balder (B shs) 544,700 36,176,024 28,804,574 2.85 %
Americold Realty Trust Inc 175,942 50,628,343 27,369,055 2.70 %
Macerich Co (REIT) 95,815 17,454,532 23,883,579 2.36 %
Sun Communities Inc 18,700 29,856,272 22,188,848 2.19 %
Swire Properties Ltd 816,080 18,906,236 21,151,497 2.09 %
LOG Commercial Properties e Participacoes SA 398,600 18,118,480 21,146,783 2.09 %
Intea Fastigheter AB 280,400 13,189,094 21,129,590 2.09 %
Mitsui Fudosan 196,300 17,546,835 17,915,899 1.77 %
Kimco Realty Corp (REIT) 65,200 17,673,467 16,355,480 1.62 %
Capitaland India Trust 1,900,577 11,005,016 14,831,094 1.47 %
Tokyu Fudosan Holdings Corp 174,216 10,121,886 13,752,360 1.36 %
Robinsons Land Corp 4,578,000 11,989,462 12,150,274 1.20 %
Pakuwon Jati Tbk PT 81,000,000 14,566,772 10,758,874 1.06 %
UNITE Group PLC/The 65,481 7,091,978 4,373,190 0.43 %
Ayala Land 1,200,000 4,999,312 2,863,673 0.28 %
Total Real Estate 834,214,131 870,130,109 85.96 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 1,568,000 18,853,231 41,228,947 4.07 %
Cellnex Telecom SA 115,860 45,468,137 34,276,952 3.39 %
Total Communication Services 64,321,368 75,505,899 7.46 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 935,974,342 1,001,680,953 98.96 %
Available liquidity 10,567,681 1.04 %
Total AUM 1,012,248,634 100.00 %

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.