Legal Information
Privacy Policy
Simplicity cares about your personal privacy and handles your data with care. Read our privacy policy to get an overview of how we collect, use, and protect your personal information.
Cookies
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Risk Information
The money invested in a fund can both increase and decrease in value, and there is no guarantee that you will recover the full amount invested. Value growth depends, among other things, on future developments in stock markets, interest rates, and currencies. Information brochures, fund rules, and further details are available on Simplicity’s website or can be provided free of charge upon request. Please contact Simplicity by phone at +46 (0)340–21 95 00 or via email at contact@simplicity.se
About the website
Regarding the material published at Simplicity AB´s website, the following applies:
No information published on the website should be interpreted as a recommendation to buy or sell fund units. Making investment decisions always involves risk, and each decision is made independently by the customer at their own responsibility. The information on the website is not intended to replace professional advice that an individual customer may require.
Although Simplicity makes every effort to obtain information from sources it considers reliable, Simplicity cannot guarantee that the information available on the website is accurate, reliable, or complete.
All information, services, and offers on the website are intended solely for individuals and companies with legal residence in Sweden, Norway, Luxembourg, Spain and Portugal. No material on this website is directed toward individuals or companies with legal residence in the USA, Canada, Japan, Australia, or any other country where publishing or accessing the material on the website is prohibited or restricted in any way.
Swedish law applies to information provided on this website and to agreements concluded online at simplicity.se, and any disputes shall ultimately be settled in a Swedish court.
The information on this website and in Simplicity’s materials is general and not intended as advice. To determine what is appropriate for you, individual counseling is required, including an analysis of your financial circumstances and preferences. In such cases, we refer to qualified financial advisors.
Complaints
The company board has established internal guidelines for the handling of complaints. The guidelines will be sent free of charge to customers upon request.
A complaint is defined as a customer who is dissatisfied with a financial service or product and the company is unable to meet the customers’ requests. In this context, general discontent is not considered a complaint. Complaints should be submitted in writing to the company’s Complaints Manager. Complaints are submitted free of charge to Simplicity.
The processing time for complaints is normally 14 days. Should the complaint require further investigation or processing Simplicity will notify the customer within 14 days. If you as a customer are not satisfied with Simplicitys handling of your complaint then you should contact, in the first instance, the Consumers’ Bank & Finance Bureau (Konsumenternas Bank- och finansbyrå) for guidance. You can also contact the municipality (Kommunens) consumer adviser for guidance, or contact the Consumer Complaints (ARN) or civil courts to ask to have your case reviewed.
Complaints manager
Hans Bergqvist is responsible for complaints and claims at Simplicity AB.
Simplicity AB
Hans Bergqvist
Södra Hamnvägen 12
432 44 Varberg
Ownership Policy
On behalf of the fund shareholders and for the funds, Simplicity AB exercises an ownership role in the companies in which the fund company has chosen to invest. The ownership role shall be exercised exclusively in the common interest of the fund shareholders. Simplicity’s actions in ownership issues thus aim to increase the long-term risk-adjusted return on each fund’s assets and to ensure that the portfolio companies are managed in a professional, responsible, and sustainable manner.
Against this background, Simplicity’s Board of Directors has adopted this policy with principles for how the fund company should act as an owner in the companies in which the fund company’s funds invest.
When exercising ownership, other interests of the fund management company or associated companies must always give way in the event of any conflicts of interest. Consideration of any conflicts of interest that arise shall be handled in accordance with Simplicity’s internal rules on management of conflicts of interest. Ownership involvement shall be conducted in such a way that inside information is avoided to the greatest extent possible. Handling of inside information is regulated in Simplicity’s guidelines regarding detection and prevention of market abuse.
By accessing relevant information such as published financial information, external analysis, press releases and other relevant market channels, Simplicity monitors and follows the ongoing development in the companies in which the fund company has invested. This includes the financial and non-financial performance of the portfolio companies, its risks, strategies, social and environmental impacts.
In cases where the fund company deems active ownership involvement to be in the interest of fund shareholders and that there is an opportunity to influence, the fund company shall exercise its ownership influence. Simplicity shall primarily exercise an active ownership role through dialogues with representatives of the holdings. Dialogues are held by the fund company’s fund managers or other appropriate representative of the fund company. If the outcome of the dialogue is unsatisfactory, Simplicity may, when appropriate, escalate its involvement to include influence at general meetings of shareholders. Participation in general meetings is carried out in the most appropriate manner at the discretion of the fund company’s fund managers. As a rule, proxy advisors are not used. In connection with participation in the general meeting, any lent shares in the holding in question are recalled. A further step in an escalation process is to divest the holding if deemed appropriate by each fund’s respective management.
Ownership involvement can also be accomplished in collaboration with other shareholders. Collaborations can take place through the fund company actively seeking out other shareholders in the company in question, through broad communication in media or the fund company’s website, or through engagements that other shareholders contact Simplicity about.
Simplicity’s ownership involvement also includes participation in nomination committees when appropriate. The fund company’s participation in nomination committees shall be based on the fund company’s ownership in the portfolio company and the investment’s long-term nature. Companies where Simplicity has a relatively large ownership stake through an expected long-term investment, the fund company shall, as a general rule, accept proposals for participation in nomination committees. Information about Simplicity’s current shareholder engagement is communicated on the fund company’s website.
Simplicity has signed the UN Principles for Responsible Investment (PRI), which is a voluntary framework consisting of six principles to include environmental, social and governance aspects in the investment process and in ownership practices. Simplicity seeks investments in well-managed companies and, according to Simplicity, sustainable action is a prerequisite for long-term success. For this reason, Simplicity has adopted a policy for responsible investments that addresses how Simplicity should act in these matters. If a company in any of the funds’ portfolios is found to violate international norms regarding the environment, human rights or corruption, Simplicity, as a responsible owner, tries to influence the companies in a more sustainable direction through dialogue. In cases where the dialogue does not lead to a positive change or when the company is deemed unwilling to make a positive change, Simplicity may choose to divest the holding. For further information on how Simplicity works with responsible investments, please refer to the company’s policy for responsible investments.
The fund company’s contact person for ownership issues is CEO Ulf Ingemarson.
Report on Shareholder Engagement 2024
Simplicity has adopted principles for shareholder engagement that describe how Simplicity exercises ownership on behalf of the funds to safeguard the common interests of unit holders. During 2024, Simplicity’s actions in ownership matters have aimed to increase the long-term risk-adjusted return on each fund’s assets and to promote professional, responsible, and sustainable governance of companies in which the funds hold investments.
Throughout the year, the fund managers have monitored relevant issues and the ongoing development of portfolio companies by reviewing information such as financial reports, external analyses, press releases, and media coverage. In cases where the fund company assesses that active shareholder engagement is in the common interest of unit holders, Simplicity will exercise its ownership influence. Information about Simplicity’s current shareholder engagement is communicated on the company’s website.
Simplicity primarily exercises an active ownership role through dialogues with representatives of portfolio companies. When Simplicity’s managers consider a dialogue to be in the interest of unit holders, company representatives are contacted for discussions or clarifications. These discussions may concern issues such as corporate governance, environmental impact, social responsibility, products, services, or specific incidents related to the company’s operations. All contacts are made by the fund managers.
Simplicity also has the opportunity to influence companies by participating in general meetings. Participation occurs when it is deemed to be in the interest of unit holders and when there is an opportunity to exert influence. Attendance is based on the assessment of the fund managers, and no proxy advisors are used. As Simplicity has assessed that engagement at general meetings was unjustified based on the common interests of unit holders, or that Simplicity’s relative share of votes in portfolio holdings was too small to have an impact, Simplicity did not attend any general meetings during the year.
Simplicity has not participated in any nomination committee work, as Simplicity’s relative ownership share in the holdings has been small and no request for participation has arisen.
Shareholder engagement may also take place in collaboration with other shareholders. During the year, Simplicity was a signatory to the Business Benchmark on Farm Animal Welfare (BBFAW), an initiative aimed at improving measurability, animal welfare standards, and transparency within the food industry. Through this collaboration, which involves several international investors, companies in which Simplicity’s funds were invested during the year have been contacted.
Shareholder engagement may give rise to conflicts of interest, for example, if a fund manager gains access to insider information. The handling of conflicts of interest and insider information has been managed in accordance with Simplicity’s internal rules.
Report on Shareholder Engagement 2022
Report on Shareholder Engagement 2023
Remuneration Policy
The Board of Simplicity AB has established a remuneration policy that covers all employees of the fund company. The remuneration policy is designed according to the Swedish Financial Supervisory Authority’s regulations.
The remuneration system should promote sound business, effective risk management and counteract excessive risk. The remuneration system shall encourage long-term stability in Simplicitys operations.
The employees at Simplicity AB will be paid a fixed salary. In addition, variable compensation may be payable. The company shall base a performance-based remuneration on employee performance as well as the overall profit and loss account of the affected unit and company. All employees entitled to variable remuneration have a fixed remuneration at a level that makes it possible to set the variable part to zero. Thus, the variable remuneration can be zero for a single individual at low profitability or deficiencies in goal achievement.
For an employee who exercise or could exercise a non-immaterial influence at the overall risk level for the company, a so called specially regulated individual, at least 40% of the variable renumeration payment shall be postponed for at least three years. For specially regulated individuals whose variable remuneration is considerably high, at least 60% of the payment shall be postoned for at least three years. The company may disburse or transfer the postponed remuneration once a year, evenly distributed over the time the remuneration has been postponed.
In such cases where the company board intend to grant and pay variable remunerations the company shall always take into account how these variable remunerations payments could affect the companys long-term performance. When the company agrees on the basis for remunerations, the company shall take into account that the overall results could be affected by both current and future risks. In its performance measurement the company shall take into account the acutal costs associated with holding capital and liquidity that follows concerning the operations that the performance measurement pertains to.
More information regarding remunerations is available in the funds annual reports and Simplicitys annual report. The fund companys remuneration policy can be obtained free of charge upon request by the funds share owners.
Best Execution
According to the Swedish Financial Supervisory Authority fund companies shall take all reasonable steps to obtain the best possible execution for the placement of orders with someone else on behalf of the funds. This is with regards to the price, cost, swiftness, probability of execution and liquidation, the seize of the transaction, the nature of the transaction and other essential conditions. To assess the relative significance of these factors, the fund company shall take into account the goal, investment focus and risk profile for the fund, the nature of the transaction, distinctive properties of the financial instrument that is included in the portfolio transaction and disctinctive properties of the market in which the transaction is made.
Simplicity AB have established internal rules and guidelines for how best possible execution shall be achieved and how counterparties should be evaluated.
The fund company has decided that the factors that carry the most weight in order to always achieve best possible execution for the funds are the price of the instrument, the cost of execution, probability of execution and liquidation as well as the speed of the transaction.
Share owners can obtain the fund companys internal rules regarding best possible execution free of charge.
Conflict of Interests
According to the Swedish Financial Supervisory authorities regulations regarding securities funds, FFFS 2013:9, fund companies shall identify and handle such circumstances which pose or may pose a risk of conflict of interests that entails a risk for share owners or other customers interests in regards to the fund activities conducted within the company.
Simplicity have identified a number of potential conflict of interests that could occur in our business operations. On the occasion of this, Simplicity has established internal rules and guidelines to counteract and avoid conflict of interests. Should conflict of interests occur, the company has set out routines to handle such conflicts in the best way possible.
Please contact our CEO Ulf Ingemarson for questions regarding conflict of interests.
Control Functions
Simplicity has the following control functions:
– Risk Manager (Johan Rönliden)
– Compliance (Björn Wendleby, Harvest Advokatbyrå AB)
– Internal audit (Iman Ghaffari, Advisense AB)
External audit
Carl Fogelberg at PwC is repsonsible for Simplicitys external audit.
Depositary
Skandinaviska Enskilda Banken AB (publ), company registration number 502032-9081, acts as depositary for the following mutual funds:
– Simplicity Sverige
– Simplicity Norden
– Simplicity Småbolag Global
– Simplicity Likviditet
– Simplicity Global Corporate Bond
– Simplicity Global Tema
– Simplicity Palma
– Simplicity Maturity 2028
– Simplicity Maturity 2029
Swedbank AB (publ), company registration number 502017-7753, acts as depositary for the following mutual funds:
– Simplicity Småbolag Sverige
– Simplicity Företagsobligationer
– Simplicity High Yield
– Simplicity Fastigheter
– Simplicity Maturity 2027
For further information regarding the depositaries, please see each funds information brochure respectively.
Market Soundings
In accordance with MAR, the rules regulating market abuse, Simplicity have designated certain contact persons for the purpose of market soundings. Should the designated contact person not be available, another appropriate fund manager with regards to funds under management may be contacted.
Simplicity are generally positive to receive market soundings. Should Simplicity not wish to receive market soundings in relation to either all potential or particular types of potential transactions, this will be communicated in due course.
Equities
Ulf Ingemarson
+46(0)340 – 21 95 00
ulf@simplicity.se
Fixed Income
Henrik Tingstorp
+46(0)340 – 21 95 00
henrik@simplicity.se
Addendum for Luxembourg Investors
This is supplementary information about your investment in one or more of the funds in which you have expressed an interest. This information must be read in conjunction with the relevant fund’s Prospectus, Key Investor Information Document, application form and our terms and conditions. For full details of the funds on offer, please refer to the Prospectus, which is available on request free of charge by contacting contact@simplicity.se. The prospectus (as amended from time to time) sets out the full terms and conditions of your proposed investment. The investment will be governed by the law of Sweden.
For the full addendum, please follow the link below.
Translation
This is a translation of the Swedish website regarding legal information. In case of any discrepancy between the Swedish-language version and any translation thereof, the Swedish-language version shall prevail and the legal information shall be construed in accordance with the Swedish-language version. Before investing in Simplicitys funds, carefully read our fund terms, fund rules and other relevant information. For questions or comments regarding this webiste or other translated material, please contact our backoffice function via backoffice@simplicity.se.
Changes of This Information
Simplicity AB can, at any time, change the information on this webpage. This webpage shall therefore regularly be controlled when you visit Simplicitys websites.