SKANDIA GLOBAL FUNDS PLC - Fidelity Investments

Skandia Global Funds plc
Annual Report and Audited Financial Statements for the year ended 31 December 2011
GENERAL INFORMATION
Structure
Skandia Global Funds plc (the “Company”) is an umbrella fund with segregated liability between funds established as an open-ended
investment company with variable capital organised under the laws of Ireland as a public limited company pursuant to the Companies
Acts, 1963 to 2009 and the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations,
2011 (the “Regulations”) and has been authorised by the Central Bank of Ireland as a UCITS. Its share capital is divided into a
number of classes each representing interests in a fund and each fund (a “Fund”) may comprise various classes of shares. The
subscriber shares do not entitle the holders to participate in the assets of any Fund.
Investment Objectives of the Funds
Skandia Global Equity Fund
The objective of the Skandia Global Equity Fund is to seek to achieve asset growth through investment in a well-diversified portfolio
of securities of issuers worldwide.
Skandia US Large Cap Growth Fund
The objective of the Skandia US Large Cap Growth Fund is to seek to achieve asset growth and future income through investment in
a well-diversified portfolio of equity securities of issuers in the US or of issuers established outside of the US which have a significant
proportion of their assets or business operations in the US.
Skandia US Capital Growth Fund *
The objective of the Skandia US Capital Growth Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of securities of large and medium-sized US issuers whom the Investment Adviser believes have earnings growth potential.
Skandia US All Cap Value Fund
The objective of the Skandia US All Cap Value Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of equity and equity-related securities of issuers in the US of all sizes of market capitalisation which appear to be under
priced relative to their private market value.
Skandia US Value Fund
The objective of the Skandia US Value Fund is to seek to achieve a total return through investment in a well-diversified portfolio of
equity and equity-related securities of issuers in the US, emphasising large companies which appear undervalued relative to their
market value.
Skandia European Equity Fund
The objective of the Skandia European Equity Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of securities of European issuers or of issuers established outside Europe which have a predominant proportion of their
assets or business operations in Europe.
Skandia European Opportunities Fund
The objective of the Skandia European Opportunities Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of equity and equity-related securities of issuers in Europe or of issuers established outside Europe which have a
predominant proportion of their assets and/or business operations in Europe. The investments will be diversified across countries and
industry groups and the Fund will invest in at least three European countries.
Skandia Swedish Equity Fund
The objective of the Skandia Swedish Equity Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of equity securities of Swedish issuers or of issuers established outside Sweden which have a significant proportion of their
assets or business operations in Sweden.
Skandia Swedish Growth Fund
The objective of the Skandia Swedish Growth Fund is to seek to achieve asset growth through investment in a well-diversified
portfolio of equity and equity-related securities of Swedish issuers or of issuers established outside Sweden which have a predominant
proportion of their assets and/or business operations in Sweden.
*Following an EGM of Skandia US Capital Growth Fund held on 28 December 2011, the investment objective was amended.
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