Description

The Fund is targeted to private individuals and corporate investors who wish to preserve their capital through business cycles but are willing to accept risk in order to earn moderate returns. The assets of the Fund may be invested in any liquid financial asset (incl. cash, deposits, bonds, equities, other investment funds, derivatives). The Fund’s assets shall be invested globally, with a focus on Europe. The Fund’s risk level and portfolio allocation shall vary over time in accordance with the views of Avaron investment managers. Overall investors should accept that relatively high risk is associated with investing into the Fund. There is no guarantee that investors will get back the amount invested. The Fund is suited to an investor who does not want to follow the markets daily himself or herself and wishes the Avaron investment team to decide the allocation of each asset class (equities, bonds, deposits). Fund units can be redeemed with prior notice of 7 or 30 calendar days. However, arising from the Fund’s investment strategy an investor should have an investment horizon of at least 3 years. Should the horizon fall below three years, investor should consider exiting the Fund.

Performance overview

UnitNAVYTD1D1M1Y3Y5Y10YCSV
NAV18.1883-6.44%-0.36%1.73%-6.60%6.50%6.79%39.67%

As of 2022-12-07

The rate of return achieved by the fund in past periods does not guarantee the rate of return of the fund in future periods.

Fund facts

FEES 
Min investment-
Front-end Load0%
Management fee0.95%
Performance fee10% over eurozone inflation rate
Back-end Load0% with 30 days redemption notice
1.5% with 7 days redemption notice
TER (2020)1.93% (incl. Perf fee 0.40%)
Tickers 
ISIN codeEE3500100922
Bloomberg tickerAVFLXSB ET Equity
Reuters RIC68045684
Telekurs IDCH10983158
WKN code

 

Fund Launch Date

December 17, 2008

Fund Type

non-UCITS, public common alternative investment fund

Fund Domicile

Estonia

Share Class Type

Accumulating

Asset Class

Absolute return, all liquid asset classes (incl. equities, bonds, funds, derivatives, cash)

Investment Region

Global with Emerging Europe bias

Main Countries Invested in

Balkan, Baltics, CIS & Russia, Scandinavia, Turkey, Western Europe

NAV Frequency

Daily (Estonian banking day)

Base Currency

EUR

Dealing

Purchases every working day, sales with notice period of 7 or 30 calendar days

Fund Management Company

AS Avaron Asset Management, registry code 11341336

Location of the Fund

Narva mnt 7D, 10117 Tallinn, Estonia

Fund Managers

Valdur Jaht, Peter Priisalm, Rain Leesi

Fund Administration
NAV Calculation
Depositary
Transfer Agent

Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: ta@swedbank.ee;  Fax: +372 6131 822

Financial Supervision

Financial Supervision Authority of Estonia, registered address: Sakala 4, 15030 Tallinn, Estonia. Website: www.fi.ee

External Auditor

KPMG Baltics OÜ, registered address: Narva mnt 5, 10117 Tallinn, Estonia, register code 10096082

Internal Auditor

AS PricewaterhouseCoopers Advisors, registry code 10325507, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia. Website: www.pwc.com

Fund key facts

Region

Global with Emerging Europe bias

Asset Class

Absolute return, all liquid asset classes (incl. equities, bonds, funds, derivatives, cash)

Type

public common alternative investment fund

Domicile

Estonia

Investment style

Value, stock-picking

UN PRI (ESG)

Compliant

Launch Date

December 17, 2008

Share Classes

Accumulating

Risk level

Fund documents

Factsheet

Prospectus

KIIDs

Annual report

ISIN codes

Unit

EE3500100922

All documents
All fund facts & costs
How to invest?

Investor assistance

Email

Phone

+372 6644 214