Evli Fund Management Company has decided to amend the rules of the Evli Sweden Equity Index (ISIN: FI4000058821), Evli Swedish Small Cap (FI0008813142) and Evli Sweden Select (FI4000058813) funds. As a consequence, the funds’ NAV setting and NAV publication times, and the order processing schedules will change to match those of other Evli’s UCITS funds.
The NAV setting of the funds will take place at the prevailing closing prices at the close of trading. The subscription orders for fund units will still have to be submitted and paid for by 4.00 pm (Finnish time), but the cut-off time of redemption orders will be brought forward to take place by 12.00 pm (Finnish time) each day.
As the NAV setting will happen later than currently, the NAV calculation for a trade day (T) will take place on the following banking day (T+1). The reporting of the funds’ NAVs and the confirmations of subscription and redemption orders will also take place on the following banking day (T+1).
The amendments to the rules will not affect the funds’ risk profiles, investment strategies or the fees collected by the funds.
The amendments will enter into force on October 29, 2018. On this date the redemption orders for the funds on the NAV day in question must be submitted for the first time by 12.00 pm (Finnish time) and the net asset values of the fund units on this day will be published on the following banking day, October 30, 2018. No actions are required from our clients to approve the amendments to the rules.
Funds' rules and key investor information documents (KIIDs) since October 29, 2018:
- Evli Swedish Small Cap: Rules, KIID (B), KIID (A)
- Evli Sweden Select: Rules, KIID (B)
- Evli Sweden Equity Index: Rules, KIID (B)
For more information, please contact:
Investor Service, tel. +358 (0)8 407 8000 (Evli Stockholm), or +358 (0)9 4766 9701 (Evli Helsinki), or by e-mail at firstname.lastname@example.org (on weekdays from 9.30 am to 4.30 pm Finnish time).