Kavaljer Investmentbolagsfond

Expert Management, Index-Level Costs

Kavaljer Investmentbolagsfond is an index-independent equity fund that invests long-term in 20-35 investment companies, conglomerates, and “serial acquirers.” The fund has the flexibility to invest globally. With this fund, you gain broad exposure to various sectors and geographies at a low cost.

Understanding Investment Companies
Investment companies are firms that invest in other businesses, which can be either listed or unlisted. Conglomerates are companies that typically own 100% of various unlisted companies across different industries. Serial acquirers are companies that continuously and actively acquire other businesses at a high rate. What these three categories have in common is that they provide good diversification and active management at low costs.

Advantages of Investment Companies
Investment companies have historically shown higher returns than the average Swedish stock market. Several reasons explain this:

1. Investment companies often trade at a discount to their net asset value, meaning you earn a return on a larger amount than your invested capital.
2. The management of investment companies often has better insight into their portfolio companies because they are frequently part of the management or board of these companies.
3. Investment companies can, at times, use leverage, thereby gaining a higher return on their investment.
4. Owning shares in investment companies involves fewer transactions, and most of the active management occurs within the portfolio companies, contributing to lower costs.
5. The management of investment companies has extensive experience.

The holdings in the fund stand out by demonstrating sustained growth and solid returns over time, with experienced and proven management teams.

Objective
The goal is to generate returns over time that exceed a global equity index. The fund is designed for long-term investors with an investment horizon of at least 5 years.

Sustainability
The fund adheres to Kavaljer’s Sustainability Policy. All companies are reviewed before and during the investment period to ensure exclusion criteria are met. The fund promotes environmental and social characteristics in accordance with Article 8 of the SFDR.

Risk information
Past performance is not indicative of future results. The value of fund units/shares can rise as well as fall and you may not get back the amount invested.