Holberg Global A

Price
233,54

YTD
8,66%

Pr. 20. April 2017

Holberg
Global A

Holberg Global is an actively managed global equity fund primarily investing in listed companies all over the world. The Fund has a defined investment approach, based on the belief that creating shareholder value in a company is a long-term process. The Fund’s portfolio is managed independently of the composition of the benchmark. The Fund has a concentrated portfolio where each company has a meaningful weight and thereby a disciplinary effect in the portfolio construction. The Fund is managed with a “bottom-up” focus, using internal models and research input in combination with company visits. We are looking for companies with high return on capital and strong growth prospects in attractive industries. In addition we look for a strong management with documented focus on shareholder value and risk management. Finally favour attractive valuation.

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Return

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Pr. 20. April 2017

Return pr. 20. April

Return pr. 20. April Fund Benchmark index Excess return
Since Inception 8,61% 8,33% 0,28%
YTD 8,66% 5,89% 2,77%
Last 12 months 16,89% 18,07% -1,18%
Last 3 years 19,31% 19,32% -0,01%
Last 5 years 17,88% 19,18% -1,30%
Last 10 years 7,27% 7,62% -0,35%
Returns beyond 12 months are annualised

Fund managers

Leif Anders Frønningen

Leif Anders
Frønningen

Sr. Investment Manager
Harald Jeremiassen

Harald
Jeremiassen

Sr. Investment Manager

Facts

Facts

Annual management fee

1.00% + 10/10 success fee

Subscription cost

0%

Subscription amount

min. NOK 1.000

Redemption fee

0%

Benchmark index

MSCI World

Fund’s inception

15. August 2006


Last modified 1. September 2016

Top 10 holdings

Arrow Global Group 5,30%
Apple 4,90%
NetEase Inc 4,80%
Novo Nordisk, B 4,40%
Bakkafrost 3,80%
Alphabet CL C 3,60%
Celgene Corp 3,50%
Toro Co 3,50%
Crest Nicholson Holdings plc 3,20%
Mastercard Inc 3,10%
Naspers 2,90%
Ping An Insurance Group Co of China Ltd 2,80%
Vestas Wind System 2,70%
Facebook Inc 2,50%
Matahari Department Store 2,40%
Masco Corp 2,30%
Walt Disney Co 2,30%
First National Financial Corp 2,10%
Gilead Sciences Inc 2,10%
Alimentation Couche-Tard Inc 2,00%
Subsea 7 2,00%
Vinh Hoan Corp 2,00%
Distribuidora Internacional de Alimentacion SA 1,90%
Oaktree Capital Group LLC 1,90%
Roche Holding AG (Likvid) 1,90%
Turk Traktor ve Ziraat Makineleri 1,80%
AmerisourceBergen 1,70%
Kroton Educacional SA 1,70%
Guaranty Trust Bank 1,60%
KCB Group Ltd 1,60%
Polaris Industries 1,60%
Microsoft 1,50%
Trex Co Inc 1,40%
Verisk Analytics 1,40%
Alibaba Group Holding Ltd 1,30%
Berkshire Hathaway Inc 1,30%
Etalon Group Ltd 1,30%
Selamat Sempurna Tbk PT 1,30%
Park24 Co Ltd 1,20%
Samsung Electronics Pref. 1,20%
Ecobank Ghana Ltd 1,10%
NEINOR HOMES SLU 1,10%
Shire PLC 1,00%
Bankkonto NOK 0,90%
Other 0,10%
Pr. 31. March 2017
See full portfolio
Pr. 31. March 2017