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SKAGEN m2 A as of 31/05/2026

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
CTP NV 301,600 42,152,490 52,785,818 5.31 %
Catena AB 120,000 34,751,013 52,307,163 5.26 %
Equinix Inc (REIT) 5,210 38,815,388 51,389,163 5.17 %
PPI Public Property Invest AB 2,233,000 34,963,687 46,724,332 4.70 %
CareTrust REIT Inc 114,235 34,889,634 43,064,409 4.33 %
Prologis Inc (REIT) 30,038 34,973,733 39,799,573 4.00 %
Goodman Group (REIT) 177,116 34,559,619 37,273,062 3.75 %
Prisma Properties AB 1,423,334 39,630,628 36,872,220 3.71 %
Shurgard Self Storage Ltd 134,000 36,385,942 35,525,468 3.57 %
Cityvarasto Oyj 190,479 35,710,633 32,639,547 3.28 %
American Tower Corp (REIT) 18,290 31,514,039 31,579,752 3.18 %
Aedifica SA 39,600 34,671,701 30,215,400 3.04 %
Fastighets AB Balder (B shs) 544,700 36,176,024 28,886,159 2.90 %
Capitaland Investment Ltd/Singapore 1,569,928 18,820,513 28,875,058 2.90 %
Independence Realty Trust Inc 191,894 34,533,097 28,762,473 2.89 %
UMH Properties Inc 198,900 29,875,789 27,589,957 2.77 %
Grainger PLC 1,397,600 42,099,393 27,505,666 2.77 %
Americold Realty Trust Inc 175,942 50,628,343 25,494,046 2.56 %
LOG Commercial Properties e Participacoes SA 483,400 21,973,089 24,006,476 2.41 %
Macerich Co (REIT) 106,000 19,309,925 22,045,531 2.22 %
Intea Fastigheter AB 280,400 13,189,094 21,875,869 2.20 %
Sun Communities Inc 18,700 29,856,272 21,355,864 2.15 %
Swire Properties Ltd 721,480 16,456,116 18,907,535 1.90 %
UNITE Group PLC/The 256,900 27,823,784 16,517,405 1.66 %
Capitaland India Trust 1,900,577 11,005,016 13,900,047 1.40 %
Kimco Realty Corp (REIT) 53,200 14,605,883 11,830,808 1.19 %
Robinsons Land Corp 4,578,000 11,989,462 11,187,884 1.12 %
Tokyu Fudosan Holdings Corp 141,616 7,662,772 10,836,497 1.09 %
CBRE Group Inc 7,201 7,491,983 8,315,495 0.84 %
Pakuwon Jati Tbk PT 53,000,000 10,709,556 7,943,216 0.80 %
Ayala Land 3,375,000 14,060,564 7,377,613 0.74 %
Total Real Estate 851,285,182 853,389,505 85.81 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 1,568,000 18,853,231 45,791,141 4.60 %
Cellnex Telecom SA 115,860 45,468,137 35,985,488 3.62 %
Total Communication Services 64,321,368 81,776,629 8.22 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 352,000 25,255,578 41,837,672 4.21 %
Total Health Care 25,255,578 41,837,672 4.21 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 955,701,571 977,003,806 98.24 %
Available liquidity 17,483,844 1.76 %
Total AUM 994,487,650 100.00 %

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.