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The remuneration scheme is consistent with Chapter 15 of the Norwegian Financial Institutions Act and Chapter 15 of the Norwegian Financial Institutions Regulation on remuneration schemes for financial institutions, investment firms and securities fund management companies.

Fixed salaries for employees are based on the individual’s background and position. Fixed salaries for leading employees and for employees whose duties are of major importance for the company's risk exposure must be sufficient to ensure that the employee is not dependent on variable remuneration. In addition, SKAGEN has a profit-sharing programme for its permanent employees. A defined proportion of the company's profits are distributed by way of discretionary remuneration.

Discretionary variable remuneration is awarded following an assessment of the employee's contribution to the company, including achievement of previously determined targets, responsibilities and compliance with and attitude towards SKAGEN's values. The foundation for any discretionary variable remuneration to managers is their financial and non-financial performance over the last two years.

Half of the variable remuneration to leading employees and portfolio managers is retained and paid out gradually over a three-year period. The retained portion is invested in SKAGEN's securities funds prior to payment to the employee, thus ensuring that the remuneration reflects the value growth of the company's customers. The retained portion must be reduced if profit trends or subsequent company results warrant this.

Board Members receive only a fixed remuneration.

Les rendements historiques ne constituent pas une garantie pour les rendements futurs. Les rendements futurs dépendront, entre autres, de l'évolution du marché, des compétences du gestionnaire du fonds, du profil de risque du fonds et des frais de gestion. Le rendement peut devenir négatif en raison de l'évolution négative des prix. L'investissement dans les fonds comporte des risques liés aux mouvements du marché, à l'évolution des devises, aux niveaux des taux d'intérêt, aux conditions économiques, sectorielles et spécifiques à l'entreprise. Les fonds sont libellés en NOK. Les rendements peuvent augmenter ou diminuer en raison des fluctuations des devises. Avant d'effectuer une souscription, nous vous encourageons à lire le prospectus du fonds et le document d'information clé pour l'investisseur qui contiennent des détails supplémentaires sur les caractéristiques et les coûts du fonds. Ces informations sont disponibles sur le site www.skagenfunds.fr. Storebrand Asset Management administre les fonds SKAGEN qui sont, par convention, gérés par les gestionnaires de portefeuille de SKAGEN.

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