Ruth Core
Nordic Small Cap B

About the fund

Ruth Core Nordic Small Cap is an actively managed fund that invests in small- and micro-cap companies on the Swedish and Nordic equity markets.

The investment strategy is based on fundamental company analysis with a focus on quality, value, and sustainability. The fund’s concentrated portfolio of approximately 40 holdings consists of stable quality companies complemented by investments in emerging technologies. At least 75 percent of the capital is invested in Swedish companies, while the remainder is allocated across the other Nordic countries.

The fund does not have sustainable investment as its objective, but it promotes environmental and social characteristics by taking into account the impact of the underlying investments on the environment, climate, and social factors such as human rights, workers' rights, and gender equality, as well as good governance practices.

This fund is comprehensive enough to serve as the core building block for small- and micro-cap exposure in your portfolio and aims to outperform its benchmark index, Carnegie Small Cap Net Return, over the long term.

 

 

Key Information Document (KID)

Fund facts

Fund name
Ruth Core Nordic Small Cap B
Strategy
Swedish Small Cap Equity
Benchmark
Carnegie Small Cap Net Return Index
NAV price 9/9/2026
97.62 SEK
ISIN
LU2930119669
Dividend
-
Inception date
12/5/2025
UCITS
Yes
Sustainability (SFDR)
Article 8
Trading frequency
Daily
Net assets 8/31/2026
88 MSEK
Management fee
1,00 %
Ongoing charges
1,90 %
Performance fee
0,00 %
Switch to Class A

  • Geographical exposure
    Sector allocation
    Currency exposure
    Number of holdings
    44

    • Basic
    • Enhanced
    • Focused
    • Impact

    Exposure to sustainability risks and opportunities

    • Shows the fund's exposure to potential risks associated with environmental, social and governance aspects.

      Exclusions

      Which controversial sectors the fund does not invest in.

      The fund applies additional exclusions with thresholds higher than 5%. Read more in our Responsible Investment Policy.

      Corporate governance

      The companies in the fund's average proportion of independent board members.

      79 %

      Fund

      73 %

      Comparison

      Datasource: MSCI

    • Shows the fund's exposure to climate-related transition risks and opportunities.

      Climate risk exposure

      How companies are exposed to physical and transition-related climate risks.

      Measures the vulnerability of companies based on, among other things, emissions, the type of activity and its geographical location.

      Low High

      Datasource: MSCI

      Emissions

      Measures the carbon intensity of the portfolio based on the ratio of the underlying company's emissions to revenues as a weighted average - WACI.

      Fund

      20 Tonnes CO2e

      M Euro revenue

      Comparison

      33 Tonnes CO2e

      M Euro revenue

      Datasource: MSCI

    Impact of the investment

    • Shows the fund's exposure to companies that contribute to solving global challenges and impact on sustainability factors.

      Main negative consequences on sustainability factors *

      Showcases a few of the funds actual or potential negative impact on sustainability, measured through a few criteria for social and personnel questions.

      Fund Comparison

      Company breaches of UNGC norms

      The share of companies in the fund that have breached at least one of the 10 principles set by FN Global Compact (UNGC) measured as serious breaches.

      		 0.0% 0.0%

      Company breaches of OECD norms

      The share of companies in the fund that have breached at least one of the principles set by OECD measured as serious breaches.

      		 0.0% 0.0%

      Boardmember gender distribution

      The average share of female board members for the underlying companies in the fund

      		 35.5% 34.3%

      Datasource: MSCI

      * In the investment process for the funds the fund company assesses selected negative consequences for sustainable development. All factors are not assessed for all funds and are not relevant for all underlying investments in the funds. Read more in the Responsible investment policy of the fund

    The fund's sustainability figures are based on the entire portfolio. The fund's sustainability figures are compared to a portfolio consisting of 100 % Carnegie Small Cap Index.

  • Performance

    1 day
    −0,92 %
    Month-to-date
    −1,55 %
    Year-to-date
    −3,09 %
    1 year
    3 year
    5 year

    Risk

    Risk
    4
    Standard deviation 1 year
    Standard deviation 3 year
    Standard deviation 5 year
    Max drawdown
    Value at risk

Portfolio managers

  • Anna Strömberg

    (Carnegie Fonder)

  • Mattias Sjödin

    (Carnegie Fonder)