DNB Fund Future Waves

Classe di azioni

DNB Fund Future Waves D1 (ACC) EUR

Voto

One way to positively influence companies is through voting at general meetings. Our voting guidelines require us to vote at all general meetings of all Norwegian companies in which we have investments. We have chosen a systematic approach to determining which international companies' general meetings we will vote at.

Norme e standard internazionali

ESG data is integrated into our portfolio management system and is used to assess risks and opportunities related to ESG in investment decisions.

DNB Fund Future Waves D1 (ACC) EUR

Informazioni legali

This document constitutes a marketing communication. Investors should read the prospectus, Key Information Document (KID), semiannual and annual reports, and summary of investor rights before making any investment decision. English versions are available at www.dnbam.com under “Our Funds”, at DNB Asset Management AS, Dronning Eufemias gate 30, 0021 Oslo, Norway, or at the management company FundPartner Solutions (Europe) S.A., 15, avenue John F. Kennedy, L-1855 Luxembourg. Local language versions may also be available. Not all funds or fund units are available for sale in all countries. This material is not directed to, nor intended for use by, any person or entity in a jurisdiction where distribution would be unlawful. Tax treatment depends on individual circumstances and may change over time. References to rankings, ratings, or awards are not guarantees of future performance. Investments in funds carry financial risk. Note: Investing in the Fund involves acquiring units or shares of the Fund, not the underlying holdings. Issuer: DNB Asset Management AS, authorised and regulated by Finanstilsynet, Norway, and part of DNB Group. Switzerland: Representative: FundPartner Solutions (Switzerland) S.A., Route des Acacias 60, CH-1211 Geneva 73. Paying Agent: Banque Pictet & Cie SA, Route des Acacias 60, CH-1211 Geneva 73. USA: Fund units may not be offered, sold, or transferred in the United States. UK: This document constitutes a financial promotion under Section 21 of the UK Financial Services and Markets Act 2000 (as amended) and was approved by Carne International Financial Services (UK) Limited, authorised and regulated by the FCA. UK investors cannot refer complaints against the Management Company or Depositary to the UK Financial Ombudsman Service, nor are losses covered by the Financial Services Compensation Scheme. Complaints may be made to the SICAV, Management Company, or Operator/Depositary via the CSSF if the CSSF’s conditions for out-of-court complaints are met. UK investors may contact DNB Bank ASA for guidance on complaints or alternative dispute resolution. Investor Rights Summary (English): DNB SICAV (LU-Funds): https://www.pictet.com/content/dam/www/documents/legal-and-notes/fundpartner-solutions/fps-summary-of-Investors-rights.pdf.coredownload.pdf No part of this material may be copied or redistributed without prior written consent from DNB Asset Management AS.

Indicatore di sostenibilità

The fund has sustainable investments as its main objective.

This equity fund aims to maximise the return on the fund's investments over the long term, without taking undue risk. The fund invests in equities of companies in developed markets, listed on exchanges and regulated markets worldwide. The fund is actively managed. Investment decisions are based on long-term fundamental analysis, involving thorough assessment of companies, markets and other market factors that may affect companies' performance.

Dialoghi

We engage in dialogue with companies. The dialogue can address specific ESG issues (reactive dialogue), or more generally help influence companies in a more sustainable direction (proactive dialogue). The detailed Responsible Investment Policy and the Corporate Exclusion List are available at: https://dnbam.com/en/responsible-investments/esg-overview-dnb-funds

Company risk: The risk that something will happen to one or more companies in which the fund have invested causing those investments to lose value. Concentration risk: The risk that a negative event or shift in a particular sector or geography to which the fund s investments are exposed causing those investments to lose value. Systematic risk: The risk that e.g. an economic shocks or political instability in the market in which the fund invests causing all of the fund s investments to lose value. Liquidity risk: The risk that one or more of the funds investments could become hard to value, or to sell at a desired time and price. Currency risk: The risk that a negative change in a currency to which the fund is exposed causing these currency denominated investments to lose value. Sustainability risk: The risk that the occurrence of an environmental, social or governance event would exert material negative impact on the value of a given investment and result in value fluctuation.

Definizione di standard

Standard setting is an important element of active ownership. As part of this, we develop and publish expectation documents within important areas, which we use to contribute to the improvement of standards in the market, and to form the basis of engagements with companies.

ISIN: LU1047850000. Bloomberg ticker: DSRIAIE LX. WKN: A1XFZE

Classificazione SFDR

SFDR classification: Article 9 The fund has sustainable investments as its main objective.

Gestore/i del fondo

Mikkel Tobias Nyholt

Lead portfolio manager

He holds an MSc in Finance & Investments from the University of Edinburgh.

Mikkel became part of the portfolio management team at DNB Asset Management in June 2023, joining from the investment team of the Madrid-based hedge fund Alantra EQMC. He has previously worked as an equity analyst at Carnegie, a role in which he achieved several top rankings. Among others, the Norwegian financial Magazine Kapital and the financial ranking-service Prospera.

Gestore/i del fondo

Kristine Alm Karsrud

Analyst

She holds a Bachelor of Science from the University of Denver and a Master of Science in Finance from BI Norwegian Business School, and is currently pursuing further education in asset management at the Norwegian School of Economics

Kristine joined DNB Asset Management in January 2023, coming from a position as an analyst in DNB"s brokerage division.

Gestore/i del fondo

Audun Wickstrand Iversen

Portfolio Manager

Audun holds a Master of Science in Economics and Business Administration (Siviløkonom) from the Norwegian School of Business NHH. He also holds a two-year Higher Level-degree in Strategy from Norwegian School of Business NHH and a Bachelors degree from the University of Oslo.

After five years as a Financial Analyst i DNB Markets, Audun joined us in 2001 as Portfolio Manager for several top-rated mutual funds. In 2007 he left the company to pursue other initiatives; started several companies and sat as a board member, chairman, and CEO in listed and unlisted companies at Oslo Stock Exchange. After rejoining us as Portfolio Manager in 2019 he is now focusing on Blue Investments and Disruptive Opportunities across global sectors.

Approcci ESG

Dialogues: Yes
ESG integration: Yes
Voting: Yes
Exclusions: Yes
Thematic: Yes
Inclusions: Yes

Condizioni

Subscription fee: None
Swing pricing: Yes
Recommended holding period: 7 years
Liquidity: Daily; *Same day as valuation day. **Per annum Source: DNB Asset Management
Minimum subscription: EUR 1’000’000.00
Redemption fee: None
Performance fee: None
Management fee: 0.75%
Cut-off: 13:00 CET; Conditions

Classe di rischio (SRI 1-7)

SRRI scale from 1 (lowest risk) to 7 (highest). Risk 1 is not equal to a risk-free investment. This indicator can change from time to time.

Summary risk indicator from 1 (lowest risk) to 7 (highest). Risk 1 is not equal to a risk-free investment. This indicator can change from time to time.

Informazioni

Share class NAV: EUR 259.40
Asset class: Equity fund
Use of income: Accumulating
Share class inception date: 20.05.2014
Industry focus: Across sectors
Liquidity focus: Large to medium sized companies
Market focus: Across regions
Fund (AuM): EUR 30.99 million
Legal status: Mutual fund (UCITS)
Share class (AuM): EUR 14.35 million
Fund index: MSCI Sustainable Impact Index
Domicile: Luxembourg
Fund inception date: 04.09.1990
Investment process: Fundamentally driven management

Dati di sostenibilità

Carbon intensity; Index; Source: MSCI ESG Research and internal assessments. 2026 MSCI ESG Research LLC. Reproduced by permission. Based on holdings as at 30/09/2026. *MSCI Sustainable Impact Index; Fund
ESG score (from 1 to 10): 7.06

Performance cumulativa

	10 years	YTD	Since launch	MTD	5 years	3 years	1 year
Fund	113,69 %	0,74 %	159,4 %	0,88 %	1,32 %	25,34 %	-5,19 %
Index	165,6 %	9,53 %	243,62 %	1,52 %	41,23 %	32,66 %	9,38 %

Rendimento annualizzato

	10 years	Since launch	5 years	3 years	1 year
Fund	7,89 %	8 %	0,26 %	7,82 %	-5,19 %
Index	10,26 %	10,48 %	7,14 %	9,88 %	9,39 %

Anno solare

	Fund	Index
2025	7,37 %	5,59 %
2024	6,2 %	8,08 %
2023	5,17 %	19,6 %
2022	-21,05 %	-12,78 %
2021	21,61 %	31,2 %
2020	21,45 %	6,33 %
2019	38,24 %	30,02 %
2018	-5,19 %	-4,11 %
2017	6,4 %	8,66 %
2016	12,24 %	11,09 %

Informazioni sui rischi

	Rel.	Index	Fund
Number of companies	82	120	38
Alpha*	-0,74 %	n/a	n/a
Beta*	0,98	n/a	n/a
Information Ratio*	-0,18	n/a	n/a
Max drawdown	n/a	-33,76 %	-36,4 %
Sharpe Ratio*	n/a	0,62	0,27
Tracking Error*	12,27 %	n/a	n/a
Volatility*	n/a	11,46 %	18,44 %

Source: DNB Asset Management * These figures are calculated 3 years rolling based on weekly return series.

Criteri di esclusione (screening negativo)

In addition to norm-based exclusions, the fund does not invest in companies that operate within:

Tobacco (production)

Controversial weapons

Cannabis for recreational use

Pornography (production)

Alcohol ≥ 5% of revenues (production)

Conventional weapons ≥ 5% (production)

Coal ≥ 5% of revenues + Absolute criterion

Gambling ≥ 5% of revenues (production)

Oil sands ≥ 5% of revenues

Excluded companies

DNB's instructions for responsible investments

Criteri di inclusione (screening positivo)

Excluded companies

Within the UN's Sustainable Development Goals, emphasis is placed on companies that are well positioned against future social, demographic, environmental, regulatory, health and technological changes.

Performance

DNB Fund Future Waves D1 (ACC) EUR: 259,4 (2026-10-09)
MSCI Sustainable Impact Index: 590,67 (2026-10-09)