Evli Short Corporate Bond
Fixed income fund that invests in short-maturity corporate bonds in a diversified manner
NAV 25.02.2021 |
Return % Year-To-Date |
Return % 1 y |
Return % p.a. 3 y |
Return % p.a. 5 y |
Return % p.a. Since start |
---|---|---|---|---|---|
15.760 | 0.49 | 0.70 | 1.03 | 1.52 | 2.21 |
NAV 25.02.2021 |
Return % Year-To-Date |
Return % 1 y |
Return % p.a. 3 y |
Return % p.a. 5 y |
Return % p.a. Since start |
---|---|---|---|---|---|
29.987 | 0.49 | 0.70 | 1.03 | 1.52 | 2.50 |
NAV 25.02.2021 |
Return % Year-To-Date |
Return % 1 y |
Return % p.a. 3 y |
Return % p.a. 5 y |
Return % p.a. Since start |
---|---|---|---|---|---|
105.572 | 0.52 | 0.90 | 1.23 | - | 1.33 |
Risk
Morningstar
Recommended Investment Horizon
Administrative fees
Suitable for investors
- who wish to get a steady capital appreciation with low volatility
- who wish to get a better return than the traditional money market funds or bank deposits can offer
- who wish to get an actively managed and well diversified fixed income portfolio in a single product
- who wish to invest their assets without high credit risk
- who do not wish to tie-up their capital for a defined time period
- who want to invest responsibly and take into account not only economic analysis but also environmental, social and good governance (ESG) factors.
Invest
min. 1 000 €
Investment Policy
Evli Short Corporate Bond Fund is a corporate bond fund that invests its assets primarily in euro-denominated bonds with a short and medium-term remaining duration issued by European companies and banks, and in other interest-bearing investments. The investments will be made in bonds with both higher (Investment Grade) and lower (High Yield) credit ratings. The fund generally hedges the currency risk associated with non-euro-denominated investments.
Responsibility
ESG factors are integrated into the fund’s investment decisions, and the fund follows Evli's general exclusion practices. The fund’s investments are monitored for violations of UN Global Compact norms and the Climate Change Principles, and the fund engages with the companies they invest in or exclude them if violations are detected. The fund's ESG indicators are reported in a fund-specific ESG report, which is updated four times a year.
The portfolio is managed by

Juhamatti Pukka
Investment Objective and Risks
The aim is to achieve a return which exceeds the return of the benchmark during a 12-month investment horizon.
The level of diversification in the investment portfolio is large both within every fixed income asset class and between the asset classes which keeps the fund’s overall risk moderate. A particular characteristic of the fund is to achieve a high risk adjusted return by a large diversification among none or low correlating fixed income assets and by an active reallocation of assets among these asset classes.
The fund’s investments carry a credit risk
Credit risk originates from a bond issuer’s ability to repay the bond’s coupons and capital on the maturity date. In the fund’s investments, the default risk arising from an individual issuer is reduced by diversifying the investments among various issuers. The risk premium (credit margin) required by investors varies during the bonds’ exercise period according to the market conditions and factors related to individual issuers.
As the fund’s floating-rate bond investments are susceptible to changes in risk premiums, the fund’s value may fluctuate.
The fund’s value is affected by interest rate risk
As money market funds carry a small interest rate risk, the effect of interest rate risk on the fund’s performance is small.
Monthly review
31.01.2021The new year started strongly, continuing the strong tightening phase in short corporate bonds. Early January typically has dull primary market activity, resulting in increased secondary market demand – and this year was no exception. While the first half of the month was strong, the latter part offered a few clearly soft sessions driven by slower than expected vaccination rates and production hiccups in global covid-19 vaccination production.
The fund had a total return of 0.29% in January. The best performing sectors were Retail and Financial Services, while Services was the only sector posting a negative return for January due to vaccination rate disappointments. The primary market offered a number of new issues and we participated selectively, adding e.g. BMW 2025, Grand City Properties 2028, Adler Group 2026 and INEOS Quattro 2026 bonds into the portfolio.
Markets are still strongly driven by central bank stimulus, negative rates and strongly recovering economies. The portfolio companies that have so far reported their 2020 results have broadly by far exceeded expectations and many companies have reported strongest ever Q4 results. We expect spread compression to continue thanks to strong technical support and improving fundamentals leading to very attractive total return potential left in the short corporate bond market.
Fund facts
Type of fund | Short-maturity corporate bond fund (UCITS) |
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Investment activity began | 17.05.2004 |
Current strategy since | 01.06.2012 |
Benchmark index | 3 month Euribor |
Profit distribution | Fund-units are divided into A and B units. Profit share of at least 1.75% is distributed on A units annually. |
Downloadable files
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Fact Book
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Fund Rules
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Key Investor Information Document
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Informations clés pour l'investisseur (FR)
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Documento contenente le informazioni chiave per gli investitori (IT)
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Datos fundamentales para el inversor (ES)
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Documento de informações fundamentais aos investidores (PT)
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Wesentliche Anlegerinformationen (DE)