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DNB Grønt Skifte Norge (Green Shift Norway)

DNB Grønt Skifte Norge (Green Shift Norway) is an actively managed equity fund with a focus on companies that are working on solutions for different climate and environmental challenges, which are taking initiatives in the direction of the green shift.

Electric car charging
  • Responsible investments that contribute to the green shift

  • Investing according to the EU taxonomy

  • On your mobile phone, you can buy DNB Grønt Skifte Norge in The Spare app

You can buy DNB Grønt Skifte Norge (Green Shift Norway) using a computer or in the Spare app

DNB Grønt Skifte Norge

DNB Grønt Skifte Norge has environmental profile whose goal is to invest in companies in Norway with a low carbon intensity and which are contributing to the green shift. DNB Grønt Skifte Norge (Green Shift Norway) does not invest in companies with exposure to fossil fuels or companies with a high degree of greenhouse gas emissions.

The goal of this actively managed equity fund is to maximise the return on the fund’s investments in the long term, without taking more risks than necessary. The fund’s benchmark index is Oslo Stock Exchange Mutual Fund Index (OSEFX)

Investing in this fund normally gives a broad exposure across all sectors, but we normally give increased exposure to companies that are taking initiatives in the direction of the green shift. The mutual fund will typically be invested in the whole range, from small and medium-sized companies to large, established corporations.

Minimum purchase amount is NOK 100. With a savings scheme in mutual funds, your savings happen automatically every month.

Costs for DNB Grønt Skifte Norge A

  • Annual cost 1.15%
  • Ongoing charge: 0.85 %
  • Platform fee 0.30%

Price example: For an amount of NOK 100,000 invested, the platform fee will be NOK 300 and ongoing costs will amount to NOK 850 over the course of one year. A total of NOK 1150 per year.

Any transaction costs to the Portfolio Manager are not included in the cost overview. These are given under cost details on the summary page before you buy the mutual fund.

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The mutual fund’s management promotes environmental and social factors, in accordance with article 8 in SFDR.

SFDR - “Sustainability-related disclosure in the Financial services sector”

SFDR is the regulation in the EU action plan for sustainable finance. SFDR ensures that financial institutions publish their financial products’ investment strategy, investment objectives and actual investments.

Sustainable investment under SFDR is an investment in an economic activity that contributes to reaching an environmental goal or a social goal, and which does not cause material damage to any of these goals. An additional requirement is that the businesses invested in follow good management practices. ESG is also important in SFDR.

Examples of environmental goals:

  • Reduction of greenhouse gas emissions
  • Contributing to a circular economy
  • Safeguarding biodiversity

Examples of social goals:

  • Good education
  • Reduction of poverty
  • Gender equality
Read more about the EU classification of mutual funds

Glossary for DNB Grønt Skifte Norge

Active management

Active management means that the fund manager selects a different composition of securities in the mutual fund than the composition of the fund’s benchmark index in order to try to generate better returns.

Liquidity

Liquidity in a company shows the company’s short-term ability to pay. A company has good liquidity if it has the ability to meet its short-term payment obligations when they fall due.

Liquidity in financial instruments such as shares and mutual funds often refers to how quickly a product can be bought and sold at a stable price. For example, the foreign exchange market is known to be a very liquid market. The reason for this is that there are so many participants, so if you execute a sales order it is likely that the currency pair will be sold before the price changes significantly, because there are always many people buying and selling that currency. Similarly, shares in the very largest companies will be more liquid than those in smaller companies.

Sustainable investment

An investment in an economic activity that contributes to reaching an environmental goal or a social goal, and which does not cause material damage to any of these goals. An additional requirement is that the businesses invested in follow good management practices. (SFDR article 2.17).

Sustainability factors

Environmental, social and employee-related conditions, as well as factors such as human rights and combating corruption and bribery.

ESG score

The Environmental, Social and Governance (ESG) score grades the company according to how well it handles risk and opportunities related to environmental, social and corporate governance. The score is an assessment of the company’s ability to meet international, generally accepted and measurable sustainability standards.

EU taxonomy

EU taxonomy is a classification system whose purpose is to create common criteria for environmentally sustainable (“green”) activities.

Carbon intensity

Carbon intensity is a measure of how many greenhouse gases are released relative to a specific activity target.

Carbon intensity is the number of tonnes of emitted CO2 equivalents per krone of turnover

Benchmark index:

The benchmark index is used as a reference point to compare a mutual fund’s return. The index can also be used as a source for choosing investments, but the mutual fund does not try to copy the composition of the index.

Sustainability indicator

Measures how the environmental and social properties promoted by the product (Article 8), or how the sustainable investment objective (Article 9) is reached.

Sustainability risk

Environmental, social or management-related events or circumstances which can have an actual or possibly negative impact on the value of the investment should they occur. (SFDR article 2.22).

Disclosure Regulation (SFDR)

The regulation on disclosure of sustainability information in the financial sector.

Taxonomy liability

Activities that count as environmentally sustainable (“green”) activities according to the taxonomy.

For an activity to have taxonomy liability, it must be covered by the taxonomy criteria, make a significant contribution to an environmental goal, not inflict significant damage to other environmental goals, and observe minimum standards for social conditions.

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Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the skill of the Portfolio Manager, the mutual fund’s risk, and the management costs. Returns may be negative as a result of mark-to-market losses.

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