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SKAGEN AS

PRI reporting framework 2018

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

% of assets under management (AUM) in ranges

Further options for investment managers (may be selected in addition to the above)

01.3. Additional information. [Optional]

SKAGEN is a Norwegian fund management company with a long and successful history managing equity and fixed income funds. SKAGEN is part of Storebrand Asset Management, but remains an independent investment boutique reporting to its own Board. SKAGEN's sole goal is to become the world's best fund manager in terms of risk adjusted returns, communication and service for our clients. An integral part of our investment analysis is evaluating the sustainability of potential and current investments. This is done because we believe that investing responsibly is essential in order to achieve the best possible risk-adjusted returns for the unit holders. Sustainability and sound corporate governance give companies competitive advantages and supports their value creation contributing to maximising returns.

SKAGEN strives to gain an in-depth understanding of the relevant ESG issues applicable to our investments and to identify these issues before they escalate into events that may potentially decrease the value of the funds' investments. SKAGEN integrates ESG issues into the investment decision-making as they have the potential to affect the long-term value of the investment. The ESG integrated approach is relevant across all the asset classes, sectors and markets in which the funds invest.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Norway

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

135 FTE

02.4. Additional information. [Optional]

SKAGEN aims to be the best investment manager for our clients in terms of service, communication and competent follow-up across our markets in Northern Europe.  Our business builds on the trust and satisfaction of our clients, also when it comes to responsible investments in our global portfolios.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity >50% 92 0 0
Fixed income <10% 8 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

All SKAGEN's funds and external managers are subject to our ESG policy.


OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed
16 SSA
70 Corporate (financial)
14 Corporate (non-financial)
0 Securitised

OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

  Developed Markets
  Emerging, Frontier and Other Markets
Total100%

09.2. Additional information. [Optional]

In various markets and jurisdictions, SKAGEN offers a total of 13 equity and fixed income funds. Of these funds, one of the largest ones is SKAGEN Kon-Tiki which is focused on emerging markets. Due to the size of this fund, the emerging markets exposure is skewed. In addition, all our global equity funds have emerging markets investments which further increases the portion focused on emerging markets.


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