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Evli Group

Evli European High Yield

Investment Policy

Mutual Fund Evli European High Yield invests in corporate bonds with an average credit rating of BB+ or lower and issued mainly by companies that have significant operations in Europe. The fund may also invest in convertible bonds and other debt and debt-related instruments.

Investment Objective

The aim is to earn a return that, in the long term, exceeds the benchmark return. The benchmark index is the euro hedged Merrill Lynch European Currency High Yield 3% Constrained Index. The expected return and level or risk of Evli European High Yield are higher than those of a fund that invests solely in government bonds or Investment Grade corporate bonds.

We recommend the fund to investors

  • who wish to improve the returns of their fixed income investments
  • who wish to make their bond portfolio better diversified
  • who wish to benefit from Evli’s experience in European corporate bond markets
  • who have a long-term investment horizon (3-5 years)

Fund performance

Place the mousepointer on the graph to view the values.
14.3.2001 - 18.11.2008

Evli European High Yield B
Merrill Lynch European Currency High Yield 3 % Constrained

Morningstar-rating

Fund facts

Type of fund European corporate bond fund (UCITS III)
Investment activity began 15.3.2001
Benchmark index Merrill Lynch European Currency High Yield 3 % Constrained
Minimum subscription 5000 €
Profit distribution Fund-units are divided into A and B units. Profit share of at least 4% is distributed on A units annually.
Administrative fees 0.75% p.a. (0.70% + 0.05%) p.a. + a quarterly determined performance fee of 20% of the return exceeding the fund
Subscription fee 0.50%
Redemption fee 1%, minimum 20 euros
Portfolio manager Mikael Lundström
Fixed income funds Risk Value € Change Value date Yield  
      %   since january (%) 1y (%) p.a. 3y (%) p.a. 5y (%) p.a. since start (%) p.a.
Evli European High Yield A 75.496 -1.26 19.11.2008 -28.64 -29.04 -8.52 -1.98 0.11
Evli European High Yield B 100.855 -1.26 19.11.2008 -28.64 -29.04 -8.52 -1.98 0.11