The managers initially note that the month began with a ceasefire between the US and Iran, which initially pushed global equity markets higher. However, the gains were somewhat tempered as oil prices turned upward due to the Strait of Hormuz remaining closed, though stock markets overall closed at higher levels than at the start of the month.
During the month, the fund benefited from the performance of K2A.
'The fund's largest positive impact came from K2A Knaust & Andersson, which surged after the company reported stronger occupancy rates and lower vacancies within its green residential portfolio', the manager writes.
The overweight position in Cibus Real Estate also provided a valuable contribution, driven by rising property values within the grocery retail sector.
Among other individual stocks contributing positively to the fund's return were Sagax, Castellum, and NP3.
The holdings that weighed most heavily on performance during the period were Neobo, Trianon, and Wallenstam.
Regarding portfolio activity, holdings in Castellum, Cibus, and K2A were increased during the month.
At the same time, exposure to Corem, Sagax, and Neobo was reduced.
At month-end, the fund's three largest equity holdings were Balder, Sagax, and Castellum, with portfolio weights of 7.8, 6.2, and 4.7 percent, respectively.
The geographical distribution consisted of 93.2 percent in the Swedish market, followed by Norway and Finland with weights of 4.0 and 2.4 percent, respectively.
| Simplicity Fastigheter, % | April, 2026 |
| Fund MoM, percentage change | 0.7 |
| Fund YTD, percentage change | -7.4 |
