The Board of Directors of Evli Fund Management Company Ltd (hereinafter “Evli”) has decided to amend the rules of the Evli Nordic 2025 Target Maturity Fund (hereinafter “Fund”). The amendments will be made to the Fund’s name and its investment strategy. The rule amendments, which are described in more detail below, will enter into force on February 3, 2025.
- The Fund currently has a fixed-period investment strategy, but this will end on December 31, 2025, at the latest. The Fund’s new investment strategy will be valid until further notice.
- The Fund will continue to mainly invest in Nordic high yield bonds with lower credit ratings and unrated Nordic corporate bonds. In the future investments may also be made in investment grade bonds. But the maturity restrictions on single bonds will be removed.
- The name of the Fund will be changed to Evli Nordic High Yield.
- The current dividend paying unit series CA (ISIN: FI4000456017) will be merged into dividend paying unit series A (ISIN: FI4000455969). Following the merger, the fixed management fee for unit holders of the CA unit series will increase.
- A new unit series for institutional investors and a USD-denominated growth unit series will be established for the Fund. Details of the new unit series and information on the subscription terms are available from Evli.
- The Fund’s redemption fee is 2%, but it expires on December 19, 2024. As of this date, unit holders will be able to redeem their units in the Fund without a redemption fee. The Fund's current subscription fee of 2% will be removed when the new rules come into force on February 3, 2025.
- The rule amendments will apply to all the Fund’s unit series:
The rule amendments will apply to all the Fund’s unit series:
- Evli Nordic 2025 Target Maturity A, ISIN: FI4000455969
- Evli Nordic 2025 Target Maturity B, ISIN: FI4000455977
- Evli Nordic 2025 Target Maturity CA, ISIN: FI4000456017
- Evli Nordic 2025 Target Maturity CB, ISIN: FI4000456025
- Evli Nordic 2025 Target Maturity QA, ISIN: FI4000476874
- Evli Nordic 2025 Target Maturity A SEK ISIN: FI4000456033
- Evli Nordic 2025 Target Maturity B SEK, ISIN: FI4000456041
The Fund’s amended rules apply to all unit holders. No action is required from unit holders regarding the rule amendments or the merger of the unit series.
The updated rules will be available from December 18, 2024 and the key information documents from January 13, 2025 at the address www.evli.com/fundrules and from our Investor Service. 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 email at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).
EVLI FUND MANAGEMENT COMPANY LTD
