Costs in SKAGEN's funds
In SKAGEN, payments are made on the basis of how well we succeed in managing our funds, not through the purchase and sale of our funds.
| Costs | |
| Subscription in equity and fixed income funds* |
0% |
| Transfer of units between SKAGEN's funds |
0% |
| Redemption |
0% |
*Applicable when subscribing directly from SKAGEN. Some partners may charge a subscription fee.
Annual management fee for SKAGEN Vekst
One percent fixed annual management fee, plus a variable management fee. Returns exceeding 6 % p.a. are shared 90/10 between the unit holders and the management company.
The fixed management fee is calculated daily and is charged on a quarterly basis. The variable management fee is calculated daily and charged annually.
Annual management fee for SKAGEN Global
One percent fixed annual management fee, plus a variable management fee. Better value development measured in percent in the fund’s asset value compared with the MSCI All Country World Daily Total Return Net $ (in NOK) is shared 90/10 between the unit holders and the management company. Thus, the fund may be charged a variable management fee even if the fund’s return has been negative, as long as the fund has had a better value development than its benchmark index. In the opposite case, the fund may have a positive return without being charged a variable management fee, if the value development measured in percent has not been better than the benchmark.
The fixed management fee is calculated daily and is charged on a quarterly basis. The variable management fee is calculated daily and charged annually.
Annual management fee for SKAGEN Kon-Tiki
Two percent fixed annual management fee, plus/minus a variable management fee. Better value development measured in percent in the fund’s asset value compared with the MSCI Emerging Markets Index Daily Traded Net Total Return $ (in NOK) is shared 90/10 between the unit holders and the management company.
However, the total annual management fee charged may not exceed 4 percent of the fund’s average annual asset value.
If the fund’s asset value shows a poorer development measured in percent than the benchmark index, 10 percent of the poorer value development is deducted from the fixed management fee. However, the total annual management fee charged may not be lower than 1 percent of the fund’s average annual asset value.
The fixed management fee is calculated daily and is charged on a quarterly basis. The variable management fee is calculated daily and charged annually.
Annual management fee for SKAGEN Tellus
The fixed annual management fee is 0.8 percent of the assets under management. The fixed management fee is calculated daily and charged on a quarterly basis.
There are no limits on the number of withdrawals per year.
Good results are no guarantee for future returns
Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skill, the fund’s risk profile and subscription and management fees. The return may become negative as a result of negative price developments.
