Evli North America

Equity fund that invests in North American companies

NAV
02.07.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
131.465 -12.53 -1.16 2.83 3.40 5.99
NAV
02.07.2020
Return %
Year-To-Date
Return %
1 y
Return % p.a.
3 y
Return % p.a.
5 y
Return % p.a.
Since start
265.135 -12.53 -1.16 2.83 3.40 5.99

Risk

6/7

Morningstar

2/5

Recommended Investment Horizon

7 years or more

Administrative fees

1.60 % p.a.

Suitable for investors

  • who want to invest in the US equity markets with a well diversified portfolio
  • who are prepared to tolerate greater price fluctuations in the short term in order to seek a better return in the long term.

Invest

min. 1 000 € or 50 €/month

Evli North America Fund is an equity fund that invests its assets primarily in North American companies. The Fund’s investment strategy emphasizes underpriced companies that generate cash flow and have strong debt coverage. The Fund does not have any index, sector or country restrictions within North America.

 

The portfolio is managed by

Hans-Kristian Sjoholm

Hans-Kristian Sjöholm

Investment Objective and Risks

The aim is to earn a return which, in the long term exceeds the return of the benchmark index.

As the fund's assets are invested in equities or equity-linked securities, the fund unit value can fluctuate significantly within a short period. The fund's investments carry an exchange rate risk.

Monthly review

31.05.2020

The Fund’s return was 5.9% in May, while the return of the benchmark index was 3.5%. The Fund’s return since 30.9.2011 (when present management took over) was 11.3% p.a., while the benchmark return was 15.6% p.a.

By sector, the net effect of stock selection on the relative return was positive. The most beneficial selection effects came from consumer discretionary and the most harmful ones from information technology. Effects of the individual sector weights were relatively small but, in the aggregate, they improved the return differential as well. By stock, the most positive attribution effects came from our investments in Malibu Boats and Williams-Sonoma, and from Amazon not being in the portfolio. The bottom attributors were Cirrus Logic, Gibraltar Industries, and Cognizant.

Despite the market turmoil caused by the coronavirus, we have continued to systematically implement our investment process. From the end of February to the end of May, we exited 24 positions and entered into 14 new positions, while 74 positions remained the same. Our stock selection did not result in significant changes in sector or country weights. However, the portfolio weight in large caps increased, while the small cap weight diminished.

Fund facts

Type of fund Equity fund investing in North America (UCITS)
Investment activity began 06.10.2003
Benchmark index

MSCI North America TR Net (USD)

Profit distribution Fund units are divided into A and B units. Profit share of at least 4% is distributed on A units annually.

Downloadable files

Invest

min. 1 000 € or 50 €/month