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Price setting in the funds
We set prices for our funds on all working days in Norway. All prices are calculated based on the current day's market developments.
Prices are set in the funds' currency of denomination, which is NOK. Prices in other currencies, currently SEK, EUR, DKK, GBP, CHF and USD, are calculated based on the funds' NAV in NOK applying the currency exchange rate used by the relevant fund for pricing the underlying securities on the valuation day.
What is intrinsic value?
Intrinsic value provides as accurately as possible the price or net asset value (NAV) of the fund per unit at a given point in time. The calculation of intrinsic value is no guarantee of the fund price.
Intrinsic value is calculated three times a day:
• Intrinsic value 1, set at 09:05, reported at 09.15
• Intrinsic value 2, set at 10.35, reported at 10.45
• Intrinsic value 3, set at 14.35, reported at 14.45
Note: these times are indicative only and may be subject to delays.
Intrinsic value is calculated and published on all working days of the Oslo Stock Exchange for SKAGEN Global, SKAGEN Kon-Tiki and SKAGEN Focus.
Prices will not be calculated on the following days in 2022:
1 January - New Year's Day
17 January - Martin Luther King Jr. Day (applies to SKAGEN Global only)
1 February - Chinese New Year (applies to SKAGEN Kon-Tiki only)
2 February - Chinese New Year (applies to SKAGEN Kon-Tiki only)
21 February - President's Day (applies to SKAGEN Global only)
Maundy Thursday
Good Friday
Easter Monday
1 May - Labour Day
Ascension
17 May - Norwegian Constitution Day
30 May - Memorial Day (applies to SKAGEN Global only)
Whit Monday
20 June - Juneteenth Day (applies to SKAGEN Global only)
4 July - US National Day (applies to SKAGEN Global only)
5 September - Labor Day (applies to SKAGEN Global only)
24 November - Thanksgiving (applies to SKAGEN Global only)
24 December - Christmas Eve
25 December – Christmas Day
26 December – Boxing Day
31 December - New Year's Eve
Early cut-off times
On the Wednesday before Maundy Thursday, SKAGEN has shorter opening hours. Orders on this day must be sent to SKAGEN before 12:00 CET in order to receive the day's price.
On the last working day of the year the final prices for SKAGEN's equity funds will not be available before the first working day of the new year. That is because the closing price is used to set the last fund prices of the year.