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SKAGEN m2 A as of 31/03/2026

Real Estate

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
EQUINIX INC 5,690 42,391,470 54,330,788 5.51 %
Catena AB 120,000 34,751,013 53,891,937 5.47 %
CTP BV 301,600 42,152,490 48,744,327 4.95 %
Public Property Invest AS 2,233,000 34,963,687 48,232,800 4.90 %
Cityvarasto Oyj 218,863 41,032,010 45,394,638 4.61 %
CareTrust REIT Inc 114,235 34,889,634 40,782,560 4.14 %
Shurgard Self Storage Ltd 134,000 36,385,942 37,373,299 3.79 %
Prologis Inc (REIT) 28,780 33,075,385 37,055,941 3.76 %
Prisma Properties AB 1,400,500 39,062,703 34,011,590 3.45 %
Capitaland Investment Ltd/Singapore 1,569,928 18,820,513 32,241,406 3.27 %
Aedifica SA 39,600 34,671,701 30,867,232 3.13 %
Fastighets AB Balder (B shs) 544,700 38,957,960 30,711,735 3.12 %
Grainger PLC 1,397,600 42,099,393 29,084,782 2.95 %
UMH Properties Inc 198,900 29,875,789 27,957,764 2.84 %
Independence Realty Trust Inc 178,200 32,525,793 25,846,617 2.62 %
LOG Commercial Properties e Participacoes SA 483,400 21,973,089 24,914,916 2.53 %
Sun Communities Inc 18,700 29,856,272 22,944,340 2.33 %
Swire Properties Ltd 721,480 16,456,116 20,383,979 2.07 %
Intea Fastigheter AB 280,400 13,189,094 20,084,747 2.04 %
Goodman Group (REIT) 116,500 22,668,038 19,850,599 2.01 %
Americold Realty Trust Inc 175,942 50,628,343 19,640,632 1.99 %
Macerich Co (REIT) 106,000 19,309,925 19,515,019 1.98 %
UNITE Group PLC/The 285,367 30,906,928 16,679,501 1.69 %
Capitaland India Trust 1,900,577 11,005,016 14,493,463 1.47 %
American Tower Corp (REIT) 7,700 14,535,711 12,944,417 1.31 %
Robinsons Land Corp 4,578,000 11,989,462 12,772,654 1.30 %
Kimco Realty Corp (REIT) 53,200 14,605,883 11,644,371 1.18 %
Tokyu Fudosan Holdings Corp 141,616 7,662,772 11,489,144 1.17 %
CBRE Group Inc 7,201 7,491,983 9,501,785 0.96 %
Ayala Land 3,375,000 14,060,564 8,734,407 0.89 %
Pakuwon Jati Tbk PT 43,000,000 8,770,199 8,330,598 0.85 %
Sveafastigheter AB 72,273 2,909,884 2,598,395 0.26 %
Total Real Estate 833,674,761 833,050,381 84.55 %

Communication Services

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Helios Towers PLC 2,086,000 25,081,530 48,234,160 4.90 %
Cellnex Telecom SA 115,860 45,468,137 36,058,997 3.66 %
Total Communication Services 70,549,667 84,293,157 8.56 %

Health Care

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Brookdale Senior Living Inc 314,963 20,686,625 41,970,771 4.26 %
Total Health Care 20,686,625 41,970,771 4.26 %

Consumer Discretionary

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Beazer Homes USA Inc 55,800 16,396,378 10,457,806 1.06 %
Total Consumer Discretionary 16,396,378 10,457,806 1.06 %

Total

Security Number Acquisition value (NOK) Market value (NOK) Percentage distribution
Total Holdings 954,081,466 969,772,115 98.42 %
Available liquidity 15,529,077 1.58 %
Total AUM 985,301,192 100.00 %

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.