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

*Rebased (October 2023 = 100)
Bond fund monthly
return as of 31.01.2025
A unitB unitC unitD unit
1 month1.0%0.9%1.0%1.0%
3 months2.6%3.2%
6 months5.2%5.3%
YTD1.0%0.9%1.0%1.0%
1 year10.5%10.0%
Since 16.10.202315.0%14.2%
UnitNAVYTD1D1MCSV
BOND-A11.58141.69%0.18%1.34%
BOND-B11.49231.60%0.16%1.26%
BOND-C10.30201.71%0.18%1.35%
BOND-D10.30701.73%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

FEESA UNITB UNITC UNIT D UNIT
Min initial investment100 EUR100 EUR250 000 EUR1 000 000 EUR
Management fee0.9%0.3%0.75%0.55%
Performance fee-9% of return,
high-water mark
--
Subscription fee1%1%1%1%
ISINEE3600001855EE3600001863EE3600001897EE3600001905

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

Prospectus

KIDs

ISIN codes

A Unit

EE3600001855

B Unit

EE3600001863

C Unit

D Unit

EE3600001897

EE3600001905

All documents
All fund facts & costs
How to invest?

Investor assistance

Email

Phone

+372 6644 214