Avaron High Yield Bond Fund
Avaron high yield bond fund aims to take advantage of high interest rate environment, investing into high yield bonds mainly in the Baltics and Emerging Europe.
Large coupons protect investors in the falling market. Should economies go into recession and markets dive down, large coupons that companies pay on their debt today smoothen investor returns. Historically fixed income markets have recovered faster than equity markets from market turmoil.
Avaron has strong experience in investing into high yield bonds. Avaron Flexible Strategies Fund has invested into high yield bonds 15+ years. Our team’s experience in navigating equity market cycles and investing in equities is 25+ years.
Investing in Avaron high yield bond portfolio provides you with a diversified portfolio of high yield bonds in one go. The portfolio is diversified between different sectors and countries. Compared to private investors Avaron has access to new bond issues targeted to professional investors. We see much higher rates in primary issues compared to after market trading, thus investing into high yield requires proper access to information on new issues.
Performance overview

Bond fund monthly return as of 31.01.2025 | A unit | B unit | C unit | D unit |
---|---|---|---|---|
1 month | 1.0% | 0.9% | 1.0% | 1.0% |
3 months | 2.6% | 3.2% | ||
6 months | 5.2% | 5.3% | ||
YTD | 1.0% | 0.9% | 1.0% | 1.0% |
1 year | 10.5% | 10.0% | ||
Since 16.10.2023 | 15.0% | 14.2% |
Unit | NAV | YTD | 1D | 1M | CSV |
---|---|---|---|---|---|
BOND-A | 11.5814 | 1.69% | 0.18% | 1.34% | ![]() |
BOND-B | 11.4923 | 1.60% | 0.16% | 1.26% | ![]() |
BOND-C | 10.3020 | 1.71% | 0.18% | 1.35% | ![]() |
BOND-D | 10.3070 | 1.73% | 0.18% | 1.37% | ![]() |
As of 2025-02-10
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 | A UNIT | B UNIT | C UNIT | D UNIT |
---|---|---|---|---|
Min initial investment | 100 EUR | 100 EUR | 250 000 EUR | 1 000 000 EUR |
Management fee | 0.9% | 0.3% | 0.75% | 0.55% |
Performance fee | - | 9% of return, high-water mark | - | - |
Subscription fee | 1% | 1% | 1% | 1% |
ISIN | EE3600001855 | EE3600001863 | EE3600001897 | EE3600001905 |
Fund Launch Date
October 9, 2023
Fund Type
UCITS, public common investment fund
Fund Domicile
Estonia
Share Class Type
Accumulating
Asset Class
Fixed income
Investment Region
Determined by the Management Company in exercising active portfolio management strategy, subject to its professional assessment and the prevailing market circumstances.
Market Index
Markit iBoxx EUR Liquid High Yield Index TRI
Main Countries Invested in
Estonia, Latvia, Lithuania, Luxembourg, Norway, Sweden, Romania, Greece, Germany, Austria.
NAV Frequency
Daily
Base Currency
EUR
Dealing
Daily, cut-off 10:00 CET, settlement T+3
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, Depositary,
NAV Calculation, Transfer Agent
Swedbank AS, registry code 10060701, registered address: Liivalaia 8, 15040 Tallinn, Estonia. Contact: ta@swedbank.ee; Fax: +372 613 1822
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, registry code 10096082. Website: www.kpmg.com/ee
Internal Auditor
AS PricewaterhouseCoopers Advisors, registered address: Pärnu mnt 15, 10141 Tallinn, Estonia, registry code 10325507. Website: www.pwc.com
Fund key facts
Asset Class
Fixed income
Type
UCITS, public common
investment fund
Domicile
Estonia
Investment style
Valued driven, company-specific analysis
Launch Date
October 9, 2023
Risk indicator

The risk indicator assumes that you keep the Fund for 2 years.
Fund documents
ISIN codes
A Unit
EE3600001855
B Unit
EE3600001863
C Unit
D Unit
EE3600001897
EE3600001905
All documents
All fund facts & costs
How to invest?