CB Fonder Quarterly Reports Q3 2023 – a summary

Save Earth Fund

The fund experienced a loss of -8.3% during the third quarter, in SEK, which was worse than the index (MSCI World Net: -2.4%). The fund has performed worse than its benchmark index over the past 5 years. Since its inception in 2008, the fund had yielded +214% by the quarter’s end (+7.8% per year). The managed capital amounted to 2,206 MSEK at the quarter’s end.

5-year performance (prices in SEK as of 2023-09-30):

• CB Save Earth Fund (including fees): +65%
• Global stocks and the fund’s benchmark index, global index MSCI World Net: +74%
• Swedish stocks, MSCI Sweden Net: +41%

Companies in the portfolio contributing most positively/negatively during Q3 2023

Largest positive contributors: Kingspan, Danaher, Roper

Largest negative contributors: Nibe, Infineon, Xylem

European Quality Fund

The fund experienced a loss of -5.5% during the third quarter, in SEK, which was worse than the index (MSCI Europe Net: -3.9%). The fund has performed worse than its benchmark index over the past 5 years. Since its inception in 2008, the fund had yielded +726% by the quarter’s end (+7.9% per year). The managed capital amounted to 946 MSEK at the quarter’s end.

5-year performance (prices in SEK as of 2023-09-30):

• CB European Quality Fund (including fees): +47%
• European stocks and the fund’s benchmark index, MSCI Europe NET: +49%
• Swedish stocks, MSCI Sweden Net: +41%

Companies in the portfolio contributing most positively/negatively during Q3 2023

Largest positive contributors: Novo Nordisk, Partners Group, Kingspan

Largest negative contributors: Ashtead, Lonza, ASML Holding

Unit prices may increase or decrease in value, and investments always carry a risk of loss. Historical performance is never a guarantee of future performance. The information in this document is what we, with our knowledge, believe to be correct based on the information available to us 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, and no information in this document shall constitute or be deemed to constitute a solicitation or an offer to buy or invest in the financial products mentioned in the document.