June 2007 - Nordea Bank Lietuva

Nordea 1 – Danish Equity FundPerformance in %TimeframeDKK* EUR Index**Current year1 month1 year3 years-3.14-3.9318.7187.45-2.96-3.8518.9887.2112.43-1.9036.1797.685 years114.54 114.17 138.672006 23.25 23.32 15.22Since launch138.08 141.55 174.90*Base currency **Index in base currencyCommentThe Danish equity market performed in line with other European markets in June with most stocks innegative territory. The sudden rise in interest rates was the main driver for the negative performance.Danisco published a positive result, but the company’s forecast disappointed investors and sent thestock price down by5%. Vestas Wind Systems was also weaker than the average market due totechnical problems with gearboxes in the offshore segment. In late June A.P. Møller-Maerskannounced a big reshuffle of management and a new CEO was appointed. The stock market reactednegatively for a brief spell. The stocks in the portfolio continue to lag the broader market, butnevertheless we are satisfied with the quarterly results, while the underlying business developmentwe are witnessing at the companies remains solid and strong.Key figures - 3 years30/06/2004 - 29/06/2007Annualised return in %Fund23.30Index*25.50Annualised standard deviation12.4310.79Correlation0.79–Sharpe ratioJensen's Alpha1.46-0.041.88–Performance (in base currency, indexed at 100)Beta0.94–220Tracking errorInformation ratioRisk free rate used in %*OMX Copenhagen - Price IndexFund data7.64-0.295.18–––200180160140Management teamBase currencyLast NAVShare classFund categoryAUM (Million DKK)Minimum investment (EUR)Front end fee in %Annual management fee in %Security Number (ISIN)Launch dateNordic EquitiesDKK238.08BPAccumulating130.08505.001.500LU008195188021/11/19971201008030/06/2004 30/06/2005 30/06/2006 29/06/2007Danish Equity FundOMX Copenhagen - Price IndexCurrency breakdown in % Sector allocation in %DKK 99.37Net Liquid Assets 0.63Top Holdings in %GN Store Nord 8.34Coloplast B 7.71Simcorp A/S 7.14Alk-Abello A/S Ord B 6.98OMX Ab - DKK 5.26IC Companys 4.91Novo Nordisk A/S B - DKK 4.88DSV - De Sammensl.Vognm.Af 1976 4.85William Demant Holding 4.76Danske Bank A/S 4.71Health Care 32.66Financials 21.19Industrials 20.16Consumer Staples 9.89Consumer Discretionary 8.33Information Technology 7.14Net Liquid Assets 0.63Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00