CB Fonder Quarterly Reports Q1 2023 – a summary

Save Earth Fund and European Quality Fund

Save Earth Fund

Save Earth Fund is a global environmental fund launched in 2008 as one of the first environmental funds in the Nordic region. The fund invests in global growth companies within water management, environmental technology, and renewable energy in Europe, North America, and Asia (excluding direct investments in China). Save Earth Fund supports the UN’s global goals for sustainable development, and 35 out of 41 holdings in the fund have aligned with these sustainability goals. The fund is one of the leading environmental funds in the Nordic region, considering its long history and the number of owners via Avanza and Nordnet.

Performance of the fund

The fund increased by +7.6% during the first quarter, in SEK, which outperformed the index (MSCI World Net: +7.0%). The fund has performed better than its benchmark index over 5 years. Since its inception in 2008, the fund had generated a return of +228% by the quarter’s end (+8.4% per year). The managed capital amounted to SEK 2,329 million at the quarter’s end.

5-year development (prices in SEK as of March 31, 2023):

• CB Save Earth Fund: +86% (including fees)
• Global stocks and the fund’s benchmark index, MSCI World Net: +83%
• Swedish stocks, MSCI Sweden Net: +58%

Companies in the portfolio contributing most positively/negatively during Q1 2023:

Largest positive contributors:

Infineon, Nibe, and Ansys

Largest negative contributors:

Eurofins, Danaher, and Xylem

Read the full Q1 report for Save Earth Fund

European Quality Fund

European Quality Fund is an equity fund with an ethical and sustainable framework focused on European quality companies with long-term growth prospects. The fund was launched in 1995, with a primary geographical focus on Northern Europe, including countries like the UK, Switzerland, France, and the Netherlands. The fund invests in companies within industries such as industrial, financial, healthcare, materials, IT, and consumer products. 30 out of 31 holdings in the fund have aligned with the UN Global Goals for Sustainable Development (the 17 sustainability goals).

Performance of the fund

The fund increased by +10.0% during the first quarter, in SEK, which was better than the index (MSCI Europe Net: +9.8%). The fund has performed better than its benchmark index over 5 years. Since its inception in 1995, the fund had generated a return of +726% by the quarter’s end (+8.0% per year). The managed capital amounted to SEK 925 million at the quarter’s end.

5-year development (prices in SEK as of March 31, 2023):

• CB European Quality Fund (including fees): +60%
• European stocks and the fund’s benchmark index, MSCI Europe Net: +54%
• Swedish stocks, MSCI Sweden Net: +58%

Companies in the portfolio contributing most positively/negatively during Q1 2023:

Largest positive contributors:

ASML Holding, Trelleborg, and Wolters Kluwer

Largest negative contributors:

Experian, Roche, and Sampo

Read the full Q1 report for European Quality Fund

Unit prices can increase or decrease in value, and investments always involve a risk of loss. Historical returns are never a guarantee of future returns. The information in this document is what we believe, based on the information available to us, to be correct for the preparation of this document. No representation or warranty of any kind, express or implied, is made about its completeness, accuracy, reliability, or suitability.

Nothing in this document should be considered as financial, legal, tax, or other advice of any kind, and no information in this document shall be deemed to constitute or be considered as an invitation or an offer to buy or invest in the financial products mentioned in the document.