Global EM Equities EUR Acc

Growth equities

9.83 %

Per 13/02/26 12:02

LOW RISK

HIGH RISK

ISIN

DK0060647444

Running approx.

1.36 %

Fond Facts > KIID > Prospectus >

Profile

Investment profile
The fund invests globally in shares in companies from Emerging and Frontier Markets – countries with considerable growth potential.

Modified single pricing system
The Investment Fund calculates the net asset values of funds and unit classes daily at approx 12:00 CET (valuation point) to be used in connection with issues and redemptions.

Net issue or redemption larger than rate stated in percentage terms of class assets:	Fee to cover issue/redemption costs (%):
0.25	0.32 / 0.39

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The typical investor
The typical investor has an investment horizon of at least 3 years and is looking for a high degree of diversification across companies from emerging and frontier markets. In addition the typical investor is looking for a good long-term investment opportunity to supplement other investments. Investors are expected to know that risk factors, see “Risk factors” below, may at times lead to significant price fluctuations within the fund.

Benchmark
Unit class B uses the benchmark MSCI Emerging + Frontier Markets Index unhedged to EUR. In the attempt to fulfil the objective, investments will typically deviate from benchmark at country and sector levels and in terms of individual equities.

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The fund's investment profile

About the philosophy behind the fund

Meet the team behind it

Those who manage your investment

The practical

Which funds you can invest with

Returns (according to costs)

Returns

Per 13/02/26 12:02

Today's Return -0.93 %

Return Jan: +7.76 %

Return YtD +9.83 %

NAV per. 13/02/26 12:02

NAV
Today's Return	-0.93 %
Return year to date, %	9.83 %
Sell
Buy
NAV ultimo	56.08
Total Assets (m)	9 EUR

Returns - Last Update 01/02/26

Return year to date, %	7.76 %
1 Year	24.80 %
3 Years	42.22 %
5 Years	24.43 %
7 Years	70.24 %
10 Years	132.76 %

NAV development

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NAV ultimo

Dividend

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Return & Dividend

Year	Returns	Dividend	Income on equity	Capital income	NAV per unit (End Year)
2025	15.63 %	0.00	0.00	0.00	51.06
2024	18.94 %	0.00	0.00	0.00	44.16
2023	2.77 %	0.00	0.00	0.00	37.13
2022	-19.45 %	0.00	0.00	0.00	36.13
2021	5.94 %	0.00	0.00	0.00	44.58
2020	13.40 %	0.00	0.00	0.00	42.33
2019	23.67 %	0.00	0.00	0.00	37.33
2018	-14.22 %	0.00	0.00	0.00	30.19
2017	26.08 %	0.00	0.00	0.00	35.19
2016	9.52 %	0.00	0.00	0.00	27.91
2015	-3.20 %	0.00	0.00	0.00	25.48
2014	13.78 %	0.00	0.00	0.00	26.33
2013	-11.46 %	0.00	0.00	0.00	23.14
2012	13.04 %	0.00	0.00	0.00	26.13
2011	-26.40 %	0.00	0.00	0.00	23.12
2010	21.82 %	0.00	0.00	0.00	31.41
2009	112.45 %	0.00	0.00	0.00	25.78
2008	-61.92 %	0.00	0.00	0.00	12.14
2007	45.52 %	0.00	0.00	0.00	31.88
2006	37.40 %	0.00	0.00	0.00	21.90
2005	61.13 %	0.00	0.00	0.00	0.00
2004	-1.06 %	0.00	0.00	0.00	0.00
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Latest trends

Global EM Equities EUR Acc	Return January	Return YtD
Latest trend	7.76 %	7.76 %
Return benchmark	7.37 %	7.37 %

Fund Holdings

Top 10 Holdings Securities	Sector	Country	Proportion
Taiwan Semiconductor Manufac	Information Technology	Taiwan, Province Of China	9.56 %
Samsung Electronics Prefered	Information Technology	Korea, Republic Of	7.83 %
Tencent	Telecommunication Services	China	5.13 %
Hynix Semiconductor	Information Technology	Korea, Republic Of	4.44 %
Alibaba Group Holding Ltd	Consumer Discretionary	Hong Kong	3.81 %
Chinatrust Financial Holding	Financials	Taiwan, Province Of China	1.50 %
Banco Itau	Financials	Brazil	1.43 %
Ping An Insurance	Financials	China	1.42 %
Mediatek	Information Technology	Taiwan, Province Of China	1.29 %
AIA	Financials	Hong Kong	1.25 %
Chroma ATE Inc	Information Technology	Taiwan, Province Of China	1.20 %
Kontanter og Diverse	Cash, derivatives etc	KONTANT	1.19 %
Emaar Properties	REIT	United Arab Emirates	1.18 %
Al Rajhi Bank	Financials	Saudi Arabia	1.09 %
SK Square Co Ltd	Industrials	Korea, Republic Of	1.09 %
Hon Hai Precision Industry	Information Technology	Taiwan, Province Of China	1.06 %
State Bank of India	Financials	India	1.06 %
Delta Electronics	Information Technology	Taiwan, Province Of China	1.05 %
ASML	Information Technology	Netherlands	1.01 %
Kuaishou Technology	Telecommunication Services	China	0.96 %
Sun Hung Kai Properties	REIT	Hong Kong	0.96 %
BeiGene Ltd	Health Care	United States	0.95 %
TVS Motor Co Ltd	Consumer Discretionary	India	0.93 %
Pko Bank Polski	Financials	Poland	0.92 %
Saudi National Bank	Financials	Saudi Arabia	0.89 %
Rio Tinto	Materials	Australia	0.87 %
Gold Fields	Materials	South Africa	0.87 %
Shinhan Financial	Financials	Korea, Republic Of	0.86 %
Sesa Goa	Materials	India	0.85 %
Baidu Inc	Telecommunication Services	China	0.85 %
International Container Term Services	Industrials	Philippines	0.84 %
Bharti Airtel	Telecommunication Services	India	0.82 %
Muthoot Finance Ltd	Financials	India	0.81 %
Zijin Mining	Materials	China	0.81 %
RHB Bank Bhd	Financials	Malaysia	0.80 %
Icici Bank	Financials	India	0.77 %
iFAST Corp Ltd	Information Technology	Singapore	0.77 %
Hindalco Industries	Materials	India	0.76 %
CIMB Group Holdings	Financials	Malaysia	0.75 %
Polycab India Ltd	Industrials	India	0.71 %
Gold Circuit Electronics Ltd	Information Technology	Taiwan, Province Of China	0.71 %
WuXi AppTec Co Ltd	Health Care	China	0.70 %
Accton Technology	Information Technology	Taiwan, Province Of China	0.69 %
Hyundai Rotem Co Ltd	Industrials	Korea, Republic Of	0.69 %
Naspers	Consumer Discretionary	South Africa	0.66 %
Sieyuan Electric Co Ltd	Industrials	China	0.66 %
Petro Rio SA	Energy	Brazil	0.65 %
Petroleo Brasileiro	Energy	Brazil	0.65 %
Dr Sulaiman Al Habib Medical Services Group Co	Health Care	Saudi Arabia	0.63 %
Sabesp Cia Saneam	Utilities	Brazil	0.63 %
Bank Of China	Financials	China	0.62 %
HD Hyundai Electric Co Ltd	Industrials	Korea, Republic Of	0.61 %
Montage Technology Co Ltd	Information Technology	China	0.60 %
Zijin Gold International Co Ltd	Materials	Hong Kong	0.60 %
Changsha Zoomlion Heavy Industry	Industrials	China	0.58 %
Nuvero Grupo Mexico	Materials	Mexico	0.58 %
BHP Billiton	Materials	Australia	0.57 %
Woori Finance Holdings Co Ltd	Financials	Korea, Republic Of	0.55 %
Shennan Circuits Co Ltd	Information Technology	China	0.54 %
Yintai Gold Co Ltd	Materials	China	0.54 %
Firstrand	Financials	South Africa	0.54 %
Ashok Leyland	Industrials	India	0.53 %
Kaori Heat Treatment Co Ltd	Industrials	Taiwan, Province Of China	0.53 %
NAURA Technology Group Co Ltd	Information Technology	China	0.53 %
Cambricon Technologies Corp Ltd	Information Technology	China	0.52 %
Northeast Utilities	Financials	Brazil	0.52 %
Wiwynn Corp	Information Technology	Taiwan, Province Of China	0.51 %
Zhongji Innolight Co Ltd	Information Technology	China	0.51 %
Sociedad Quimica y Minera de Chile SA	Materials	Chile	0.50 %
Banco de Chile	Financials	Chile	0.50 %
National Bank Of Greece	Financials	Greece	0.49 %
Vale Rio Doce	Materials	Brazil	0.48 %
APR Corp/Korea	Consumer Staples	Korea, Republic Of	0.47 %
Mahindra & Mahindra	Consumer Discretionary	India	0.47 %
China Merchants Bank	Financials	China	0.46 %
Asia Vital Components Co Ltd	Information Technology	Taiwan, Province Of China	0.46 %
Shengyi Technology Co Ltd	Information Technology	China	0.46 %
Futu Holdings Ltd	Financials	Hong Kong	0.45 %
Atour Lifestyle Holdings Ltd	Consumer Discretionary	China	0.44 %
SITC International Holdings	Industrials	Hong Kong	0.40 %
Hyundai Heavy Industries	Industrials	Korea, Republic Of	0.40 %
Dubai Islamic Bank	Financials	United Arab Emirates	0.38 %
Absa Group Ltd	Financials	South Africa	0.36 %
Energetica de Minas Gerais	Utilities	Brazil	0.36 %
JD Health International Inc	Consumer Staples	China	0.36 %
Abu Dhabimmercial Bank	Financials	United Arab Emirates	0.35 %
China Citic Bank	Financials	China	0.35 %
King Slide Works Co Ltd	Information Technology	Taiwan, Province Of China	0.35 %
Northam Platinum Holdings Ltd	Materials	South Africa	0.35 %
Reliance Industries	Energy	India	0.34 %
Radico Khaitan Ltd	Consumer Staples	India	0.32 %
Shoprite	Consumer Staples	South Africa	0.32 %
Wistron	Information Technology	Taiwan, Province Of China	0.32 %
UBTech Robotics Corp Ltd	Industrials	China	0.31 %
Zhejiang Shuanghuan Driveline Co Ltd	Consumer Discretionary	China	0.31 %
Varun Beverages Ltd	Consumer Staples	India	0.30 %
Harmony Gold Mining	Materials	South Africa	0.30 %
Banorte	Financials	Mexico	0.30 %
JNBY Design Ltd	Consumer Discretionary	China	0.29 %
Promotora y Operadora de Infraestructura	Industrials	Mexico	0.29 %
Mphasis Ltd	Information Technology	India	0.29 %
Shenzhen Sinexcel Electric Co Ltd	Industrials	China	0.28 %
Sun Pharmaceuticals	Health Care	India	0.28 %
Bajaj Finance	Financials	India	0.28 %
MercadoLibre Inc	Consumer Discretionary	Uruguay	0.27 %
Bank Central Asia	Financials	Indonesia	0.27 %
Britannia Industries	Consumer Staples	India	0.27 %
Fomento Economico Mexico	Consumer Staples	Mexico	0.27 %
Techtronic Industries	Industrials	Hong Kong	0.27 %
Etihad Etisalat Co	Telecommunication Services	Saudi Arabia	0.27 %
Contemporary Amperex Technology Co Ltd	Industrials	China	0.26 %
Coforge Ltd	Information Technology	India	0.26 %
Agricultural Bank of China	Financials	China	0.24 %
NetEase Inc	Telecommunication Services	China	0.24 %
Wal-Mart De Mexico	Consumer Staples	Mexico	0.23 %
Cia de Bebidas das Americas	Consumer Staples	Brazil	0.22 %
Sungrow Power Supply Co Ltd	Industrials	China	0.21 %
Akbank TAS	Financials	Turkey	0.21 %
Southern Copper	Materials	United States	0.21 %
Tencent Music Entertainment Group	Telecommunication Services	China	0.20 %
Hero Motocorp	Consumer Discretionary	India	0.15 %
Qingdao TGOOD Electric Co Ltd	Industrials	China	0.15 %
Manila Water	Utilities	Philippines	0.13 %
Dino Polska SA	Consumer Staples	Poland	0.12 %
Rumo SA	Industrials	Brazil	0.12 %
Sea Ltd	Consumer Discretionary	Singapore	0.05 %
Centralstanera	Utilities	Argentina	0.00 %
Fund Holdings: 128
Show all Top 10 Holdings

Distribution by country

Sector distribution

Sector	Proportion	Change (%-Points)
Information Technology	34.95 %	3.12 %
Financials	20.42 %	0.54 %
Industrials	8.94 %	-0.65 %
Telecommunication Services	8.48 %	-0.23 %
Materials	8.30 %	1.64 %
Consumer Discretionary	7.39 %	-2.54 %
Consumer Staples	2.90 %	-0.54 %
Health Care	2.56 %	-0.03 %
REIT	2.14 %	0.53 %
Other	3.93 %	-0.98 %

Distribution by country

Country	Proportion	Change (%-Points)
China	19.55 %	-1.10 %
Taiwan, Province Of China	19.23 %	-0.30 %
Korea, Republic Of	16.93 %	2.16 %
India	10.21 %	-5.70 %
Hong Kong	7.74 %	1.86 %
Brazil	5.05 %	0.64 %
South Africa	3.40 %	-0.84 %
Saudi Arabia	2.88 %	0.03 %
United Arab Emirates	1.91 %	-0.05 %
Other	13.09 %	3.28 %

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Risk

Lower risk

Higher risk

Potentially lower rewards

Potentially higher rewards

Risk Scale

The risk indicator indicates the fund's risk level compared to other products. The classification may change and is not necessarily a reliable indicator of the future risk profile.

Historical return fluctuations p.a.

Distribution by issuer

Distribution by issuer	Proportion
Mortgage bonds
Government bonds
QUASI-soverreign
Company
Cash

Fees and Expenses

Fees and Expenses	Running approx.	Indirect Trade Cost	Subscription	Redemption
Global EM Equities EUR Acc	1.36 %	0.90 %	5.32 %	0.39 %

Key Information

Key Information per. 31/1-26

ISIN	DK0060647444
Danish VP Code	6064744
Inception of Share Class	15.09.2015
Benchmark	MSCI Emerging+Frontier Market
Listed	No
Accumulated	No
AGM (annual general meeting)	24.03.2026
Rec. investment horizon	Min. 5 years
Portfolio Manager	Jesper Engedal
Base currency	EUR

Expected annual costs	1.36 %
Indirect Trade Cost	0.90 %
Share Class Assets (m)	9 EUR
Total Assets (m)	1,967 EUR
Denomination	10
Tax rate 2023	51.06 EUR
NAV ultimo January 2026	55.03
Tax Rate	-
Fund Holdings	127
Income type	Capital income
Taxation	Stock taxation

Dividend (2024)	-
Year to Date	7.76 %
Active Share	56.1
Tracking Error	3.8 %
Deviation + (1 year) (per. 30/1-26)	14.77
Deviation + (3 years) (per. 30/1-26)	12.80
Sharpe Ratio (3 Years) (per. 30/1-26)	0.69