The Board of Directors of Evli Fund Management Company Ltd (“Evli”) has decided to amend the investment strategies, management fees, minimum subscriptions and responsible investment features of the Evli Equity Factor Europe and Evli Equity Factor USA funds (“Funds”) under its management. The amendments described in more detail below will enter into force on September 25, 2026.
The aim of the amendments is to clarify the Funds' investment strategy and align their responsible investment practices with Evli's other funds. The goal is to offer investors a competitive, clearly defined investment solution suited to long-term wealth management.
- The Funds' current investment strategies emphasize four academically validated investment factors: value, low risk, momentum and quality. Following the strategy changes, investment selection will evaluate a company's valuation level and business quality together, and the Funds will emphasize companies that are attractively valued relative to their quality. Investment selection may also draw on other academically validated factors.
- New, lower management fees will be introduced for the A, B, BUSD, IA and IB series of the Funds. The new fees are 0.75% p.a.* (previously 0.95% p.a.) for the A, B and BUSD series, and 0.40% p.a.* (previously 0.65% p.a.) for the IA and IB series.
- The minimum subscription for the Funds' IA and IB series will change and will in the future be EUR 5,000,000 (previously EUR 2,000,000).
- In line with the current investment strategy, the Funds have applied best-in-class selection and excluded companies with significant business operations in the following sectors: weapons, alcohol, tobacco, coal mining, gambling or adult entertainment. The Funds have also excluded red-flag companies identified by external data providers (companies with serious norm violations, including violators of the UN Global Compact). Going forward, the Funds will no longer apply the sector-specific exclusions or best-in-class selection described above. Going forward, the Funds will continue to exclude harmful industries in accordance with Evli's responsibility principles and climate and nature principles. Investee companies will also be monitored regularly for breaches of certain international agreements and principles. In addition, the Funds will update the sustainability indicators they monitor. Going forward, the indicators used will be the target companies’ carbon intensity trend and commitment to emission reduction targets, as well as the number of target companies that have not committed serious norm violations. The Funds will continue to be Article 8 funds under the Sustainable Finance Disclosure Regulation (SFDR).
The strategy amendments apply to all unit series of the Evli Equity Factor Europe and Evli Equity Factor USA funds:
- Evli Equity Factor Europe, A, ISIN: FI4000153804
- Evli Equity Factor Europe, B, ISIN: FI4000153820
- Evli Equity Factor Europe, IA, ISIN: FI4000153812
- Evli Equity Factor Europe, IB, ISIN: FI4000153838
- Evli Equity Factor USA, A, ISIN: FI4000210802
- Evli Equity Factor USA, B, ISIN: FI4000210810
- Evli Equity Factor USA, IA, ISIN: FI4000210828
- Evli Equity Factor USA, IB, ISIN: FI4000210836
- Evli Equity Factor USA, BUSD, ISIN: FI4000243126
The strategy amendments apply to all unit holders. No action is required from unit holders regarding the amendments.
Our Investor Service will gladly answer any questions you may have regarding the strategy amendments and fund investment by telephone, +358 (0)9 4766 9701, or by email at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).
EVLI FUND MANAGEMENT COMPANY LTD
* p.a. stands for annual return
