The Board of Directors of Evli Fund Management Company Ltd (“Evli”) has decided to amend the fund-specific rules on performance-based fees of the following mutual funds it manages: Evli Hannibal, Evli Silver and Gold, and Evli UK Value Fund. The Financial Supervisory Authority approved the above-mentioned amendments on December 13, 2024, and on December 19, 2024. The amendments will enter into force on March 13, 2025.
The model for calculating the performance-based fee will change. Under the new model, the performance-based fee will be charged on the portion of the positive difference between the fund unit series’ return calculated from the time of issuance of the fund unit series and the benchmark return (cumulative outperformance) that exceeds the highest historical value of the fund unit series’ cumulative outperformance (so-called high-water mark).
The maximum amount of the performance-based fee is stated in each fund’s rules. The benchmark indices used to calculate the funds' performance-based fee remain unchanged.
The rule amendment applies to every unit series of these funds:
- Evli Hannibal B, ISIN: FI0008811971
- Evli Silver and Gold B, ISIN: FI4000188982
- Evli Silver and Gold IB, ISIN: FI4000188990
- Evli UK Value Fund B, ISIN: FI4000496724
- Evli UK Value Fund IB, ISIN: FI4000496740
More information on the performance-based fee and examples of its application will be available in the fund prospectus when the rule amendment described above enters into force.
The rule amendments will apply to all unit holders and will not require any action from them.
The updated rules of the funds will be available by February 12, 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
