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Change to the portfolio management of SKAGEN Vekst

Portfolio manager Alexander Stensrud has decided to leave SKAGEN to manage his personal portfolio. Lead portfolio manager of SKAGEN Vekst Søren Milo Christensen will continue to run the fund, supported by the rest of the seasoned investment team.

Date: 03/03/22

Lead portfolio manager of SKAGEN Vekst has headed up the fund since 2018.

“SKAGEN Vekst remains in very capable hands with Søren who has been a portfolio manager in SKAGEN since 2010 and has headed up the fund since 2018. Søren will continue to manage the fund in the best interests of its unit holders,” commented Alexandra Morris, Investment Director.

“We would like to thank Alexander for his valuable contribution to SKAGEN over nearly fourteen years and wish him the very best for the future,” concluded Timothy Warrington, Chief Executive Officer.

Alexander Stensrud will step down as portfolio manager on 31 March but will remain with the firm until the end of May to provide a good and safe transition for unit holders in the fund. SKAGEN has initiated the process to recruit a new resource to support Søren Milo Christensen in running SKAGEN Vekst.

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. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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