Global Value Equities EUR Acc

Basic equities

1.87 %

Per 31/03/26 12:06

LOW RISK

HIGH RISK

ISIN

DK0060647600

Running approx.

1.10 %

Fond Facts > KIID > Prospectus >

Profile

Investment profile
The fund is actively managed and pursues an equal weight strategy and a value strategy. The strategy basically has two aims. Firstly, investments are made in shares traded at low prices, ie value shares. Secondly, all portfolio shares carry equal weight, which means that most of the investors’ assets are invested in small and medium-size shares. We pursue an equal weight strategy and a value strategy because in a historical context inexpensive and small shares have proved to outperform the share market over time. The portfolio composition aims to reduce regional risk and sector risk relative to the fund’s benchmark.

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 (%):
1.00	0.19 / 0.16

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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 countries, sectors and companies as a good long-term investment opportunity. Investors are expected to know that risk factors, see “Risk factors” below, may at times lead to significant price fluctuations within the fund.

Benchmark
The fund invests globally in shares. Investments are diversified across different countries and industries. The fund’s largest investments are in USA and Europe. The fund pursues an equal weight value strategy. The idea behind equal weight is that all equity investments represent roughly the same share in the fund. For instance if the fund has invested in 100 shares, each share will constitute around 1.0% of the fund. When investing according to a value strategy, we select companies that are inexpensively priced based on a number of financial ratios relative to the share price of the companies.

The fund’s benchmark is MSCI All Country World Index, including net dividends, unhedged to EUR.

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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 31/03/26 12:06

Today's Return +0.95 %

Return Feb: +2.54 %

Return YtD +1.87 %

NAV per. 31/03/26 12:06

NAV
Today's Return	0.95 %
Return year to date, %	1.87 %
Sell
Buy
NAV ultimo	28.09
Total Assets (m)	4 EUR

Returns - Last Update 01/03/26

Return year to date, %	5.47 %
1 Year	9.45 %
3 Years	44.46 %
5 Years	74.87 %
7 Years	85.83 %
10 Years	145.85 %

NAV development

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NAV ultimo

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Return & Dividend

Year	Returns	Dividend	Income on equity	Capital income	NAV per unit (End Year)
2025	9.15 %	0.00	0.00	0.00	27.57
2024	17.82 %	0.00	0.00	0.00	25.26
2023	11.84 %	0.00	0.00	0.00	21.44
2022	-7.66 %	0.00	0.00	0.00	19.17
2021	30.55 %	0.00	0.00	0.00	20.86
2020	-8.30 %	0.00	0.00	0.00	15.90
2019	23.92 %	0.00	0.00	0.00	17.34
2018	-7.40 %	0.00	0.00	0.00	13.99
2017	4.22 %	0.00	0.00	0.00	15.11
2016	17.70 %	0.00	0.00	0.00	14.50
2015	6.75 %	0.00	0.00	0.00	12.32
2014	16.52 %	0.00	0.00	0.00	11.54
2013	15.92 %	0.00	0.00	0.00	9.90
2012	12.30 %	0.00	0.00	0.00	8.54
2011	-4.85 %	0.00	0.00	0.00	7.61
2010	25.04 %	0.00	0.00	0.00	8.00
2009	30.23 %	0.00	0.00	0.00	6.39
2008	-42.50 %	0.00	0.00	0.00	4.91
2007	-3.37 %	0.00	0.00	0.00	8.54
2006	5.64 %	0.00	0.00	0.00	8.84
2005	19.54 %	0.00	0.00	0.00	0.00
2004	3.15 %	0.18	0.00	0.00	0.00
2003	11.88 %	0.00	0.00	0.00	0.00
2002	-35.77 %	0.00	0.00	0.00	0.00
2001	-16.14 %	0.00	0.00	0.00	0.00
2000	-7.38 %	0.00	0.00	0.00	0.00
1999	52.38 %	0.00	0.00	0.00	0.00
1998	10.57 %	0.00	0.00	0.00	0.00
1997	16.14 %	0.00	0.00	0.00	0.00
1996	16.48 %	0.00	0.00	0.00	0.00
1995	7.45 %	0.00	0.00	0.00	0.00
1994	-8.03 %	0.00	0.00	0.00	0.00
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Latest trends

Global Value Equities EUR Acc	Return February	Return YtD
Latest trend	2.54 %	5.47 %
Return benchmark	3.71 %	7.19 %

Fund Holdings

Top 10 Holdings Securities	Sector	Country	Proportion
Alphabet Class A	Telecommunication Services	United States	4.55 %
Meta Platforms	Telecommunication Services	United States	2.52 %
Johnson & Johnson	Health Care	United States	2.08 %
J.P. Morgan Chase	Financials	United States	1.40 %
Bank of America	Financials	United States	1.37 %
HSBC	Financials	United Kingdom	1.26 %
Citigroup	Financials	United States	1.22 %
Roche	Health Care	Switzerland	1.19 %
Wells Fargo	Financials	United States	1.18 %
Goldman Sachs	Financials	United States	1.05 %
Cisco Systems	Information Technology	United States	1.01 %
Procter & Gamble	Consumer Staples	United States	1.00 %
Bristol Myers Squibb	Health Care	United States	0.98 %
Parker Hannifin	Industrials	United States	0.96 %
Royal Dutch Shell B	Energy	United Kingdom	0.94 %
Gilead Sciences	Health Care	United States	0.90 %
Pfizer	Health Care	United States	0.90 %
Qualcomm	Information Technology	United States	0.89 %
Banco Santander	Financials	Spain	0.88 %
Makita	Industrials	Japan	0.86 %
Can Imperial Bk Ofmmerce	Financials	Canada	0.86 %
BNP Paribas	Financials	France	0.84 %
Edison	Utilities	United States	0.82 %
Bank of New York	Financials	United States	0.80 %
Conocophillips	Energy	United States	0.80 %
Tele2	Telecommunication Services	Sweden	0.80 %
Ebay	Consumer Discretionary	United States	0.79 %
TotalEnergies	Energy	France	0.79 %
Mitsubishi	Industrials	Japan	0.78 %
Exxon Mobil	Energy	United States	0.77 %
Merck	Health Care	United States	0.77 %
Micron Technology	Information Technology	United States	0.77 %
General Motors	Consumer Discretionary	United States	0.73 %
Igm Financial	Financials	Canada	0.73 %
Bank Of Nova Scotia	Financials	Canada	0.72 %
ING Groep NV	Financials	Netherlands	0.72 %
UAL Corp	Industrials	United States	0.71 %
Biogen Idec	Health Care	United States	0.71 %
Nordson Corp	Industrials	United States	0.70 %
Osaka Gas	Utilities	Japan	0.70 %
Imperial Oil	Energy	Canada	0.70 %
Illinois Tool Works	Industrials	United States	0.68 %
Morgan Stanley Dean Witter	Financials	United States	0.68 %
Shionogi &	Health Care	Japan	0.67 %
US Bancorp	Financials	United States	0.66 %
Boc Hong Kong	Financials	Hong Kong	0.66 %
Barclays Bank	Financials	United Kingdom	0.66 %
Colgate-Palmolive	Consumer Staples	United States	0.65 %
Aflac	Financials	United States	0.65 %
State Street	Financials	United States	0.65 %
Fortescue Metals Group	Materials	Australia	0.65 %
Kroger	Consumer Staples	United States	0.65 %
Valero Energy	Energy	United States	0.64 %
Resmed	Health Care	United States	0.63 %
Marathon Petroleum	Energy	United States	0.63 %
Aena SA	Industrials	Spain	0.63 %
Credit Agricole	Financials	France	0.62 %
Enel	Utilities	Italy	0.62 %
Berkshire Hathaway	Financials	United States	0.62 %
Deckers Outdoor Corp	Consumer Discretionary	United States	0.61 %
AIB Group PLC	Financials	Ireland	0.61 %
Nordea Bank Abp	Financials	Finland	0.60 %
Tokyo Gas	Utilities	Japan	0.60 %
Regeneron Pharmaceuticals Inc	Health Care	United States	0.59 %
Novartis	Health Care	Switzerland	0.58 %
Church & Dwight Co	Consumer Staples	United States	0.58 %
Criteria Caixacorp	Financials	Spain	0.58 %
T Rowe Price Group	Financials	United States	0.58 %
Pulte Homes	Consumer Discretionary	United States	0.58 %
Lam Research	Information Technology	United States	0.58 %
Oversea-Chinese Banking	Financials	Singapore	0.57 %
Orix	Financials	Japan	0.57 %
Orkla	Consumer Staples	Norway	0.57 %
PTC Inc	Information Technology	United States	0.56 %
Toronto-Dominion Bank	Financials	Canada	0.56 %
American Intl. Group	Financials	United States	0.56 %
Snap-On	Industrials	United States	0.56 %
Daiwa House Industry	REIT	Japan	0.56 %
AbbVie Inc	Health Care	United States	0.56 %
Daifuku Co Ltd	Industrials	Japan	0.56 %
Newmont Mining	Materials	United States	0.55 %
Ametek Inc	Industrials	United States	0.55 %
EOG Resources	Energy	United States	0.55 %
WH Group Ltd	Consumer Staples	Hong Kong	0.55 %
Hunt (Jb) Transprt Svcs	Industrials	United States	0.55 %
Cheung Kong Property Holdings	REIT	Hong Kong	0.54 %
Dollar General	Consumer Staples	United States	0.54 %
Autodesk	Information Technology	United States	0.53 %
Graco Inc	Industrials	United States	0.53 %
Intuit	Information Technology	United States	0.53 %
Investor	Financials	Sweden	0.53 %
Sumitomo Mitsui Financial	Financials	Japan	0.53 %
CF Industries Holdings	Materials	United States	0.53 %
Hartford Financial Services	Financials	United States	0.53 %
Incyte	Health Care	United States	0.53 %
Omnicom Group	Telecommunication Services	United States	0.52 %
Moody'S	Financials	United States	0.52 %
SS&C Technologies Holdings Inc	Industrials	United States	0.52 %
Synchrony Financial	Financials	United States	0.52 %
VICI Properties Inc	REIT	United States	0.52 %
Comcast A New	Telecommunication Services	United States	0.52 %
Mitsubishi UFJ Financial	Financials	Japan	0.52 %
Halliburton	Energy	United States	0.52 %
Ford Motor	Consumer Discretionary	United States	0.51 %
Zoom Video Communications Inc	Information Technology	United States	0.51 %
Automatic Data Processing	Industrials	United States	0.51 %
WP Carey Inc	REIT	United States	0.50 %
Unipol Gruppo Finanziario	Financials	Italy	0.50 %
M & T Bank	Financials	United States	0.50 %
Deutsche Post	Industrials	Germany	0.50 %
Allegion PLC	Industrials	Ireland	0.50 %
Keysight Technologies Inc	Information Technology	United States	0.50 %
Analog Devices	Information Technology	United States	0.49 %
Simon Property Group	REIT	United States	0.49 %
Verizon Communications	Telecommunication Services	United States	0.49 %
Takeda Pharmaceutical	Health Care	Japan	0.49 %
Mettler-Toledo International Inc	Health Care	United States	0.48 %
Unicredito Italiano	Financials	Italy	0.48 %
Arc Energy Trust-Units	Energy	Canada	0.48 %
Ashtead	Industrials	United Kingdom	0.47 %
F5 Networks	Information Technology	United States	0.47 %
Verisign	Information Technology	United States	0.46 %
Equitable Resources	Energy	United States	0.46 %
DaimlerChrysler	Consumer Discretionary	Germany	0.45 %
Holcim-Reg	Materials	Switzerland	0.44 %
Pentair	Industrials	United Kingdom	0.44 %
Deutsche Bank	Financials	Germany	0.44 %
Host Hotels & Resorts	REIT	United States	0.43 %
Chord Energy Corp	Energy	United States	0.43 %
S&P Global Inc	Financials	United States	0.43 %
Ryanair Holdings	Industrials	Ireland	0.43 %
Kontanter og Diverse	Cash, derivatives etc	KONTANT	0.43 %
LEG Immobilien AG	REIT	Germany	0.42 %
Continental	Consumer Discretionary	Germany	0.42 %
Visa	Financials	United States	0.42 %
Salesforce.com	Information Technology	United States	0.42 %
Edwards Lifesciences Corp	Health Care	United States	0.41 %
Nvr	Consumer Discretionary	United States	0.41 %
Western Digital	Information Technology	United States	0.41 %
Devon Energyoration	Energy	United States	0.40 %
Amgen	Health Care	United States	0.40 %
Weston (George)	Consumer Staples	Canada	0.40 %
Honeywell	Industrials	United States	0.40 %
TJX Companies	Consumer Discretionary	United States	0.39 %
News	Telecommunication Services	United States	0.39 %
Booking Holdings Inc	Consumer Discretionary	United States	0.38 %
Carlisle Cos Inc	Industrials	United States	0.38 %
Prosus NV	Consumer Discretionary	Netherlands	0.37 %
Fuji Heavy Industries	Consumer Discretionary	Japan	0.35 %
Las Vegas Sands	Consumer Discretionary	United States	0.34 %
Fund Holdings: 151
Show all Top 10 Holdings

Distribution by country

Sector distribution

Sector	Proportion	Change (%-Points)
Financials	28.77 %	0.06 %
Health Care	12.88 %	0.96 %
Industrials	12.22 %	1.10 %
Telecommunication Services	9.79 %	-0.72 %
Information Technology	8.12 %	-1.19 %
Energy	8.12 %	0.50 %
Consumer Discretionary	6.35 %	-0.36 %
Consumer Staples	4.94 %	-0.34 %
REIT	3.48 %	0.02 %
Other	5.34 %	0.16 %

Distribution by country

Country	Proportion	Change (%-Points)
United States	65.69 %	-0.11 %
Japan	7.18 %	1.60 %
Canada	4.44 %	-0.93 %
United Kingdom	3.76 %	0.53 %
France	2.25 %	-0.47 %
Germany	2.24 %	0.41 %
Switzerland	2.22 %	0.19 %
Spain	2.09 %	0.02 %
Hong Kong	1.75 %	-0.14 %
Other	8.37 %	-0.49 %

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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 Value Equities EUR Acc	1.10 %	0.29 %	5.19 %	0.16 %

Key Information

Key Information per. 28/2-26

ISIN	DK0060647600
Danish VP Code	6064760
Inception of Share Class	23.11.2015
Benchmark	MSCI World Value Index
Listed	No
Accumulated	No
AGM (annual general meeting)	24.03.2026
Rec. investment horizon	Min. 4 years
Portfolio Manager	M. Thomassen & R. Narusis
Base currency	EUR

Expected annual costs	1.10 %
Indirect Trade Cost	0.29 %
Share Class Assets (m)	5 EUR
Total Assets (m)	360 EUR
Denomination	10
Tax rate 2025	27.57 EUR
NAV ultimo February 2026	29.08
Tax Rate	-
Fund Holdings	150
Income type	Capital income
Taxation	Stock taxation

Dividend (2024)	-
Year to Date	5.47 %
Active Share	65.4
Tracking Error	3.4 %
Deviation + (1 year) (per. 27/2-26)	11.18
Deviation + (3 years) (per. 27/2-26)	9.65
Sharpe Ratio (3 Years) (per. 27/2-26)	0.98