Changes to the Prospectus and Information to Shareholders

We would like to inform you about a number of updates to the prospectus of Ruth Asset Management SICAV. These amendments aim to clarify the investment objectives, create a more coherent structure across the funds, and increase the flexibility within each investment strategy.

Fund ISIN
Comfort Crafted By Ruth A LU2744835120
Comfort Crafted By Ruth B LU2930119073
Balance Crafted By Ruth A LU2744835476
Balance Crafted by Ruth B LU2930118935
Expansion Crafted By Ruth A LU2744835393
Expansion Crafted by Ruth B LU2930119826
Intensity Crafted By Ruth A LU2744835047
Intensity Crafted by Ruth B LU2930119156
Ruth Core Global Equities A LU2744834156
Ruth Core Global Equities B LU2930119313
Ruth Core Nordic Credit A LU2744834743
Ruth Core Nordic Credit B LU2930119586
Ruth Core Emerging Markets A LU2744834826
Ruth Core Emerging Markets B LU2930119230
Ruth Core Global Small Cap A LU2744834230
Ruth Core Global Small Cap B LU2930119404
Ruth Core Nordic Small Cap A LU2744834404
Ruth Core Nordic Small Cap B LU2930119669
Ruth Core Swedish Equities A LU2744834313
Ruth Core Swedish Equities B LU2930119743

A. As of 10 April 2026, the following changes will take effect:

    • Reclassification under SFDR

The following funds will be reclassified from Article 9 to Article 8

      • Ruth Core Global Equities
      • Ruth Core Global Small Cap
      • Ruth Core Nordic Small Cap
      • Ruth Core Nordic Credit

Other sustainability-related changes:

      • At least 20% of each fund’s net assets will be invested in sustainable investments with either an environmental objective in economic activities not considered environmentally sustainable under the EU Taxonomy, or with a social objective. This update ensures a consistent sustainability profile across all funds.
      • Previous sustainability models, such as the Sustainability Cube™ for Ruth Core Global Equities and Ruth Core Global Small Cap, will be removed.
      • For Ruth Core Swedish Equities, the minimum share of investments meeting the fund’s promoted characteristics will be reduced from 90% to 80%.
The sustainability‑related pre‑contractual disclosures in the prospectus will be updated accordingly.
    • Clarifications to investment objectives and adjustments to investment policies
      • The investment objectives for Ruth Core Global Equities, Ruth Core Global Small Cap, Ruth Core Nordic Small Cap, Ruth Core Nordic Credit, Ruth Core Emerging Markets, Intensity Crafted by Ruth and Comfort Crafted by Ruth will be reformulated to enhance clarity and consistency. Time‑specific benchmark references will be replaced with a long‑term perspective.
      • The minimum investment level in core asset classes will be lowered to 80% for Ruth Core Global Equities, Ruth Core Global Small Cap, Ruth Core Swedish Equities, Ruth Core Nordic Small Cap and Ruth Core Emerging Markets.
    • New benchmarks
      • The benchmarks for Comfort Crafted by Ruth, Expansion Crafted by Ruth and Balance Crafted by Ruth will be updated to better reflect each fund’s investment approach.
    • Updated method for calculating global exposure
      • The method for calculating global exposure will change from “relative VaR” to the commitment approach for Intensity Crafted by Ruth, Comfort Crafted by Ruth, Expansion Crafted by Ruth and Balance Crafted by Ruth.

 

B. On 17 April 2026, the fund Ruth Core Global Small Cap (LU2744834230, LU2930119404) will be merged into Ruth Core Global Equities (LU2744834156, LU2930119313).

Considering the limited investor demand for Ruth Core Global Small Cap and the compatibility of the investment objectives and risk profiles of the two funds, the merger is being carried out to improve management efficiency, broaden diversification and reduce costs.

On the merger date, all assets and liabilities of Ruth Core Global Small Cap will be transferred to Ruth Core Global Equities. Shareholders in Ruth Core Global Small Cap will automatically receive shares in Ruth Core Global Equities unless they choose to redeem their shares before 9 April 2026 at 11:00.

Shareholders in Ruth Core Global Equities will not be affected by the merger.

Important dates:

9 March– 9 April 2026: Shareholders who redeem their shares in Ruth Core Global Small Cap during this period will not become shareholders of Ruth Core Global Equities.

10 April – 16 April 11:00 2026: Ruth Core Global Small Cap will be closed for trading.

17 April: The merger will be executed.

 

C. On 30 April 2026, the portfolio management of Ruth Core Global Equities, currently delegated to Qblue Balanced A/S, will be taken over by Ruth Asset Management AB.

This change of portfolio manager will not affect the fund’s fees or risk profile.
If you, as a shareholder, do not consent to the changes (A–C), you may redeem your fund units free of charge between 9 March and 9 April 2026.

For further information and details, please refer to the shareholder notices below:

Notice to shareholders

Notice to shareholders (merger)

Contact

For any questions, contact:

Rikard Andersson, CEO

rikard.andersson@ruthassetmanagement.com

Linus Bergevi, Middle Office

linus.bergevi@ruthassetmanagement.com

Nicklas Hällsten, Middle Office

nicklas.hallsten@ruthassetmanagement.com