Småbolag Select

The fund suits those that want to invest in small- and medium-sized companies listed on the Swedish and other Nordic equity markets

All businesses start out as small enterprises, where some have the potential to realize strong growth over time. Historically smaller companies have outperformed the overall market. One reason for this is that many smaller companies have had the skills to achieve growth, often through international expansion. The challenge for the portfolio manager is to find the companies that have this growth potential. A small cap fund is always a favourable component in a savings portfolio.

Investment Policy

Lannebo Småbolag Select is an actively managed equity fund that invests in small and medium sized enterprises listed in the Nordic region, primarily in Sweden. Investments should have a market capitalization not exceeding 1 per cent of the Swedish stock market's total market capitalization at the time of investment. The fund is a special fund and can act outside the normal rules that apply to traditional equity funds, which gives the portfolio manager greater investment opportunities. This means that, among other things, the fund can concentrate holdings to a smaller number of companies than that of a traditional equity fund.

Management Style

We strive to create a good risk-adjusted return. To achieve this, emphasis is placed on each of the fund’s individual investments. In order to estimate a company's future potential we evaluate its business model, market position, risks and development opportunities. For instance, we take the company’s financial standing and historical financial performance into account when assessing a company’s valuation. The intent is that each investment qualifies on its own merits. This results in investments in quality companies, where we can have a knowledgeable opinion about their future potential for growth, and where a company’s valuation is adequately attractive. We focus on aspects that are important for the company and its long-term development, and we strive to avoid being distracted by elements affecting the share price short-term. The goal is that the fund, while taking a balanced approach to risk, should provide a better return than similar funds. 

The fund is suitable for those who

• want to invest in small and medium-sized companies listed on the Swedish and other Nordic stock markets
• want an actively managed fund with investments based on a clear understanding of each individual company

Other

The minimum initial investment is 100 000 Swedish kronor, and then 20 000 Swedish kronor per subscription opportunity thereafter. Lannebo Småbolag Select is open for subscriptions and redemptions on the last business day of each month.

At the end of 2015, one per cent of the Swedish stock market's total market capitalization was approximately 58 billion Swedish kronor.

In addition to a fixed management fee, Lannebo Småbolag Select charges a performance fee, calculated individually for each unit holder, payable if the fund's performance exceeds the fund's hurdle rate. The fund’s hurdle rate is the 30-day STIBOR plus 5 percentage points.

The fund management company has the right to close the fund for the purchase of additional units, which means that new units cannot be bought. A decision on the fund’s closure requires that the fund's total assets exceed the fund management company’s fixed capital limit for the optimal management of the fund. The capital limit is currently set at 2.5 billion Swedish kronor.

The fund is currently closed to new subscriptions.

Fund manager

Risk Information: Past performance is no guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not certain that you will get back the full amount invested.
The fund's value can fluctuate significantly due to its composition and fund management methods used by the Fund Management Company.

Return

NAV
993.04
Previous Day
0.85%
Start of the year
13.03%
5 Y
182.70%

Fund facts

Inception date
2000-10-31
Starting price
100,00 SEK
Bankgiro
-
ISIN
SE0000917205
NAV
Monthly
Fixed fee
0,7%
Variable fee
20% of any outperformance*

Information on the Variable fee

* In addition to a fixed fee, Lannebo Småbolag Select charges a performance fee, calculated individually for each unit holder, payable if the fund's performance exceeds the fund's hurdle rate. The fund's hurdle rate is 30-day STIBOR plus 5 percentage points.

Risk/return profile

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