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SKAGEN m2 A as of 31/07/2026

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 307,805 43,180,572 52,329,848 5.42 %
Catena AB 120,000 34,751,013 47,051,179 4.87 %
Equinix Inc (REIT) 4,746 35,358,509 45,879,845 4.75 %
CareTrust REIT Inc 109,137 33,332,604 43,411,135 4.49 %
PPI Public Property Invest AB 2,233,000 34,963,687 42,556,234 4.41 %
Prologis Inc (REIT) 30,038 34,973,733 41,197,422 4.27 %
Shurgard Self Storage Ltd 134,000 36,385,942 37,067,143 3.84 %
Prisma Properties AB 1,423,334 39,630,628 35,799,726 3.71 %
Goodman Group (REIT) 177,116 34,559,619 35,122,815 3.64 %
Cityvarasto Oyj 190,479 35,710,633 31,385,597 3.25 %
Grainger PLC 1,397,600 42,099,393 31,127,479 3.22 %
Capitaland Investment Ltd/Singapore 1,569,928 18,820,513 30,851,233 3.19 %
Aedifica SA 39,600 34,671,701 30,356,232 3.14 %
Independence Realty Trust Inc 191,894 34,533,097 30,265,953 3.13 %
American Tower Corp (REIT) 18,290 31,514,039 30,072,069 3.11 %
UMH Properties Inc 198,900 29,875,789 28,503,616 2.95 %
Fastighets AB Balder (B shs) 544,700 36,176,024 28,245,373 2.92 %
Swire Properties Ltd 816,080 18,906,236 23,589,946 2.44 %
Mitsui Fudosan 251,800 22,771,374 23,397,521 2.42 %
Sun Communities Inc 18,700 29,856,272 21,899,739 2.27 %
Americold Realty Trust Inc 162,961 46,892,984 21,776,866 2.25 %
Macerich Co (REIT) 87,799 15,994,265 21,517,053 2.23 %
Intea Fastigheter AB 280,400 13,189,094 20,572,484 2.13 %
LOG Commercial Properties e Participacoes SA 398,600 18,118,480 18,922,057 1.96 %
Kimco Realty Corp (REIT) 65,200 17,673,467 15,756,064 1.63 %
Capitaland India Trust 1,900,577 11,005,016 14,883,411 1.54 %
Tokyu Fudosan Holdings Corp 174,216 10,121,886 13,869,044 1.44 %
Robinsons Land Corp 4,578,000 11,989,462 12,113,538 1.25 %
Pakuwon Jati Tbk PT 81,000,000 14,566,772 11,356,466 1.18 %
Total Real Estate 821,622,806 840,877,085 87.06 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 339,103 24,330,234 46,955,362 4.86 %
Total Health Care 24,330,234 46,955,362 4.86 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 1,568,000 18,853,231 39,185,408 4.06 %
Cellnex Telecom SA 115,860 44,974,976 33,970,938 3.52 %
Total Communication Services 63,828,207 73,156,346 7.57 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 915,197,060 960,988,793 99.50 %
Available liquidity 4,822,303 0.50 %
Total AUM 965,811,096 100.00 %

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.