Amendments to the names and rules of funds managed by Evli

The Board of Directors of Evli Fund Management Company Ltd (“Evli”) has decided to amend the names and rules of UCITS funds and non-UCITS funds managed by Evli. The rule amendments concern name changes, the environmental and social characteristics of the funds and the payment schedule for subscriptions and redemptions. The rule amendments, which are described in more detail below, will enter into force on March 1, 2023.

1. Name changes for funds operating under the name Elite Alfred Berg

The names of UCITS funds and non-UCITS funds that have been operating under the name Elite Alfred Berg will be harmonized with the rest of Evli’s product range so they will begin with the name Evli and operate under the Evli brand name. The table below shows the funds affected by the name change and the new name of the fund:

Fund’s name until February 28, 2023 Fund’s new name from March 1, 2023
AJ EAB Value Hedge UCITS Fund AJ Evli Value Hedge Fund
Elite Alfred Berg Equity Fund Evli Equity Fund
Elite Alfred Berg Optimal Allocation Fund Evli Optimal Allocation Fund 
Elite Alfred Berg Yield Fund Evli Global Bond Fund
Elite Alfred Berg Logistics Properties non-UCITS Fund Evli Logistics Properties Fund (AIF)
Elite Alfred Berg Rental Income non-UCITS Fund Evli Rental Income II Fund (AIF)

2. Payment of subscriptions and redemptions

The payment schedule for subscriptions and redemptions will change in the Elite Alfred Berg Equity, Elite Alfred Berg Yield, Elite Alfred Berg Optimal Allocation and AJ EAB Value Hedge funds. Payments for subscriptions and redemptions will be transferred from/to the account two banking days after the execution of the order. A similar payment schedule for subscriptions and redemptions is already in place for the majority of the funds managed by Evli. There is more information on the payment of subscriptions and redemptions in the fund prospectus.

3. Deadline for the submission of redemption orders in AJ EAB Value Hedge UCITS Fund

The fund rules will no longer include the obligation to submit redemption orders in advance of the deadline. The rules of the AJ EAB Value Hedge UCITS Fund have stated that redemption orders must be submitted five banking days before the actual redemption date of the fund in order for them to be executed on the redemption date of the fund.

4. Environmental and social characteristics

Information on compliance with Article 8 of the Sustainable Finance Disclosure Regulation has been added to the rules of the Evli Leveraged Loan Fund, which means that the fund will promote, among other characteristics, environmental and social characteristics.

The reference to compliance with Article 8 of the Sustainable Finance Disclosure Regulation has been removed from the rules of the AJ EAB Value Hedge UCITS Fund, which means that the fund is not considered to promote, among other characteristics, environmental characteristics after the entry into force of the rule amendment.

The Financial Supervisory Authority confirmed the amendments described above on December 22, 2022, and January 26, 2023. The amended fund rules will enter into force on March 1, 2023 and will apply to all unit holders. If a unit holder does not approve of the rule amendments, the fund units can be redeemed or switched to another Evli mutual fund.

The updated rules of Evli’s funds will be available (in Finnish) on January 31, 2023 at the address www.evli.com/funds or from our Investor Service. The funds’ key information documents will be available by March 1, 2023 at www.evli.com/funds.

Our Investor Service will gladly answer any questions you may have regarding the amended rules and fund investment by telephone, +358 (0)9 4766 9701, or by e-mail at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).


Yours faithfully,

EVLI FUND MANAGEMENT COMPANY LTD