OP-Alternative Portfolio Fund

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Alternative investments, such as real estate and unlisted companies, have grown in popularity among institutional investors for several years. In addition to effective diversification, they offer a high expected return on investment. The OP-Alternative Portfolio fund offers unitholders an easy way to invest in the same alternative asset classes as institutional investors.

The fund invests mainly in international funds that specialise in alternative asset classes. These include private equity, residential and commercial real estate, energy infrastructure and corporate bond and hedge funds. The underlying funds are selected by OP Asset Management's portfolio management team, which has solid experience in alternative investments. The fund's investments include assets selected based on different investment strategies to further increase the fund's diversification.

Through the OP-Alternative Portfolio fund, you invest effortlessly in assets beyond traditional stock and fixed income markets. The fund is especially suited for long-term and return-oriented investors who look for a professionally built and managed portfolio. Please note that funds cannot be withdrawn from the OP-Alternative fund on a daily basis. The fund's buy and sell orders are executed four times a year.

Why invest in the OP-Alternative Portfolio fund?

Follow in the footsteps of professionals – alternative asset classes are a significant part of institutional investors' portfolios
The fund invests globally through other funds, giving you broad diversification in several alternative asset classes with a single product
You benefit from the expertise of OP Asset Management's experienced portfolio management team and data resources

OP-Alternative Portfolio

ESG

Buying and selling units in real asset funds

The fund’s buy and sell orders are executed four times a year on the last weekday of each quarter.

In other words, you can place buy and sell orders anytime but they will be executed on 31 March, 30 June, 30 September and 31 December If that day is not a weekday, they will be executed on the preceding weekday. After this, the fund is valued. Valuation generally takes 20 days, after which you can view your executed buy and sell transactions in your portfolio*.

Buying units in a fund

When you place a buy order, it will be executed on the last weekday of the same quarter at that day’s value. For example, if you place a buy order by 4 pm on 31 March, it will be executed on 31 March.

Buy order	Execution date
1 January–31 March	31 March
1 April–30 June	30 June
1 July–30 September	30 September
1 October–31 December	31 December

Selling units in a fund

When you place a sell order, it will be executed on the last weekday of the following quarter. For example, if you place a sell order by 4 pm on 31 March, it will be executed on 30 June.

*Valuation may take longer if the fund’s assets need to be realised to pay for redemptions. Valuation of OP-Alternative Portfolio takes 45 days.

Sell order	Execution date
1 January–31 March	30 June
1 April–30 June	30 September
1 July–30 September	31 December
1 October–31 December	31 March

Online fees and charges

Subscription fee	Annual management fee	Redemption fee
1,0 %	0,9 %	1,0 %

If the investment is held less than four years, the redemption fee is 3%. For investments held less than two years, the redemption fee is 5%. Subscription and redemption fees are refunded to the fund. The fund's value is calculated four times a year, and the fund units generate OP bonuses for those private customers who are also our owner-customers. The minimum subscription is 1,000 euros.

A performance-based management fee may also be charged from the Fund as follows: the Fund Management Company may receive no more than twenty (20) per cent of the amount with which the Fund exceeds the Reference return (= JPM Cash Index Euro Currency 3 Months -index + 5 %) during the Fund’s financial year.

Investment policy

OP-Alternative Portfolio is a fund the objective of which is to achieve a high yield in the long term relative to the risks taken by the Fund, by investing assets in compliance with the Fund’s rules. The Fund has no official benchmark index. It is an AIF fund within
the meaning of the Finnish Act on Alternative Investment Funds Managers, which means that it is not bound by the rules applicable to normal mutual funds in respect of, for example, its investment activities, borrowing and time limits for orders.

The Fund invests its assets mainly in alternative investments. These include, for example, real property, such as real estate, infrastructure, forest and agricultural land as well as private equity investments, such as unlisted equities and secured and unsecured loans to companies. It is typical of these investment vehicles that they lack a liquid secondary market, and so the investments are illiquid in nature. In addition, the Fund may invest in other alternative investment vehicles that most often are also liquid, such as hedge funds.
The Fund’s investments are mainly made through other mutual funds, but it may also invest directly in alternative investment vehicles in so far as the Fund’s rules allow. Additionally, the Fund invests some of its assets in liquid fixed-income investments. In normal market conditions, the Fund’s target is to provide high returns that are independent of traditional asset classes, at a moderate level of risk.The Fund’s investments are chosen so as to incorporate as wide a range of different alternative investment strategies as possible. The investment universe is global, and the
Fund may decide to hedge some or all of the currency risk. The Fund’s investment portfolio may be partially funded through borrowing. Similarly to normal portfolio management policies, the Fund may rely primarily on standardised derivatives to manage
its equity, interest rate and currency risks.

Responsible investing

OP Asset Management actively reviews the external asset managers’ responsible investment practices prior to making any investment decisions, and monitors them thereafter on a regular basis. The review takes into account responsible investment policy and statements and issues related to the resources and courses of conduct in responsible investing, as well as exclusionary screening, owner engagement and reporting. Based on the review, we assess the quality of the external asset managers’ responsible investing. We have defined a set of minimum criteria for active new external asset managers. The principles and practices described above also apply to alternative investment funds managed by external asset managers.

Portfolio manager's review

The portfolio manager's review is available on the fund's Finnish pages.

More details Basic data, performance and fact figures

Basic data

Fund manager: Petri Lehtola, Riku Karkkulainen
Benchmark index: No benchmark index
Start date: 27.08.2020
ISIN: FI4000439971
fund serie: Accumulation unit
Fund size: 567 Meur
Serie value (31.12.): 115,55 EUR
Monthly review: Download
Key Information Document: Download
Rules: Download

Accumulated profit (31.12)

	1mth	3mth	6mth	1 y	3 y p.a.	5 y p.a.
OP-Alternative Portfolio A	-	+1,25 %	+0,30 %	+0,60 %	+1,54 %	-
Benchmark	-	-	-	-	-	-

Yearly performance

	2020	2021	2022	2023	2024	YTD
OP-Alternative Portfolio A	+3,83 %	+6,31 %	+2,19 %	+1,83 %	+0,60 %	0,00 %
Benchmark	-	-	-	-	-	-

Key figures

	Volatility 12 m	vola 12m	Sharpe 12 m	Duration
OP-Alternative Portfolio A	3,22 %	-	-
Benchmark index	-	-	-

The fund's other unit classes

Income unit generating annual cash flow, suitable for foundations

Accumulation unit suitable for institutional investors

Income unit suitable for institutional investors

OP-Public Services Real Estate Fund

The fund spreads its investments widely across real estate utilised in education, social services, physical culture, sports and healthcare services provided by society. Such real estate can host, for example, nursing homes, day-care centres, schools, multipurpose arenas or sheltered accommodations.

OP-Rental Yield

The residential property fund owns rental apartments and commercial premises in Finland. Fund also rents out the apartments and commercial premises in its portfolio, and is engaged in construction contracting.

OP-Forest Owner

By investing in OP-Forest Owner you can enjoy the potential of forest with a smaller amount than in regular direct forest purchase and, furthermore, experienced professionals take care of all forest management solutions for you.

This is an advertisement. The funds are managed by OP Fund Management Company Ltd. The portfolio manager is the portfolio management company specified in the fund prospectus for OP funds. Investments always involve risks. The value of investments can rise and fall, and the investor may lose part of or all the invested funds. Past performance is no guarantee of potential future yield. The larger the fund’s expenses, the greater the impact on the expected return on the investment. Any yield also depends on taxation, which in turn varies depending on the investor’s personal circumstances and is subject to future changes. If the fund is marketed outside Finland, OP Fund Management Company Ltd may decide to end such marketing. The information presented on this page does not fully describe all the fund’s characteristics.

Before making an investment decision, take all the characteristics or objectives of the fund into consideration, as described in the fund prospectus for OP funds and other documents related to the fund. Only make your final investment decision after reading the fund prospectus for OP funds and the key investor information document and rules of the fund. These documents can be found on the web page of the respective fund. The fund prospectus and the summary of investors’ rights in mutual funds are available at op.fi in Finnish, Swedish and English.