The C WorldWide Nordic 1C fund declined by 0.5 percent in April, which was better than the fund's benchmark index, which declined by 0.6 percent. Since the start of the year, the fund has declined by 4.7 percent, which is worse than the index, which has declined by 2.2 percent. This is according to a monthly report from fund managers Peter Holt, Henrik Hviid, and Catrin Jansson.

The main contributors to the fund were Munters, Addtech, Mandatum, Novonesis, and Kone.

Munters was the best-performing holding, with a return of 22.1 percent.

Negative contributions came from Novo Nordisk, Atlas Copco, Hexagon, GN Store Nord, and Alfa Laval.

The largest holdings excluding cash in the fund's portfolio at the end of the month were Novo Nordisk, Atlas Copco and Spotify, with weights of 9.1, 7.6 and 6.9 percent, respectively.

In terms of sector allocation, industrial goods and services were the largest sector, accounting for 41.8 percent of the portfolio. This was followed by healthcare and materials, with weights of 14.9 and 12.3 percent, respectively.

C WorldWide Nordic 1C, %April, 2025
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