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Good results are no guarantee for future returns
SKAGEN Funds
has achieved very good results - but this is no guarantee for future
success. Among other things, the return will depend on market
developments, the ability of the manager, the fund's risk profile as
well as costs associated with subscription of units, management and
redemption of units. The investment return may become negative as a
result of negative price developments. Investments in foreign currencies are not usually hedged.
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