OP-America Index II A

North America hosts the world's largest stock market and many of the world's most successful companies. The target market being an advanced economy, the investor's portfolio will get a solid base which steadily follows global economic prospects. The assets of OP-America Index are invested, in line with the benchmark index, in listed large-cap companies in the US (some 90%) and in Canada. At the same time, this means that investments are focused on certain sectors, such as ICT, finance and energy.

OP-America Index is a great choice for an active and skilled investor. The overall management of investments requires the investor's own effort, because here the portfolio manager's role mainly consists of cost-efficient execution of the fund according to the index. As part of an overall asset management portfolio, OP-America Index is naturally a good selection for anyone. Thanks to their low fees, index funds can well complement actively managed funds in the portfolio of, say, a long-term saver or pension saver. This fund is mainly recommended to an investor who intends to redeem his/her units after seven years at the earliest.

OP-America Index Fund is a passive index fund whose assets are invested in accordance with the MSCI North America ESG Universal Net Index in equities of the largest listed companies in North America. This means that the assets of the fund are distributed in the countries and companies constituting the benchmark index in the same proportions as in the benchmark index.

Since the fund strives to replicate the performance of the benchmark index as closely as possible, it will only maintain a small cash position to pay for redemptions. In order to reduce securities transactions and costs resulting from redemptions and subscriptions, the fund may use derivatives in its portfolio management to a limited extent.

Since the assets of the fund are invested in shares of the largest companies by market capitalisation, its investments may be concentrated to a significant extent in certain sectors, such as information technology, financials and energy.

Changes are made in the portfolio of the fund primarily only in connection with the annual index revisions, which is why the trading expenses of the fund are relatively low.

The Fund is a passive index fund. It promotes environmental and social characteristics by using an index based on environmental, social and governance (ESG) analysis while excluding certain investments. 

Negative screening: As the Fund is a passive index fund, the Fund manager cannot make individual exclusion decisions. The Fund is based on an index which excludes companies with connections to the production of controversial weapons. The index also excludes companies which have violated international standards (UN Global Compact and OECD guidelines for multinationals) and companies which have committed very severe ESG violations.

Use of ESG data in the investment analysis: The benchmark index considers companies’ ESG rating and emphasises companies with better ESG ratings.

Shareholders’ meetings: The Fund votes in shareholders’ meetings through a service provider in line with OP Fund Management Company Ltd’s shareholder engagement principles that take responsibility aspects into account.

Assessing good governance: The Fund is based on the MSCI ESG Universal Index, using both the MSCI ESG Rating and the MSCI ESG Rating Trend data and gives weight to those companies with better ratings. The level of corporate governance is included in the ESG Rating.

As our owner-customer, saving and investing is especially worthwhile thanks to the excellent benefits you receive.

Your benefits when investing in funds:

• Buy and sell almost all OP mutual funds with no fees.*
• You earn 0.35% OP bonuses from mutual fund and insurance assets.** 

Your benefits when investing through insurance: 

• Begin saving through insurance free of charge. 
• You will earn 0.35% of OP bonuses from funds linked to insurance assets.***
• Switch between investments, invest additional funds and change your payment and investment plan for OP Unit-linked Insurance and OP Capital Redemption Contract free of charge in our digital services.  

**OP bonuses are used to pay the bank’s service charges and insurance premiums.

***You earn OP bonuses from unit-linked insurance policies, excluding individual unit-linked insurance policies and Individual Capital Redemption Contracts. The principles of contribution towards OP bonuses from funds linked to insurance assets will be harmonised with direct investments. As of 1 January 2025, the following funds linked to insurance assets will no longer contribute towards OP bonuses: third-party funds such as JP Morgan funds, structured loans and institutional class funds such as OP-World III A.

Your benefits in equity and ETF investing:

• Open an equity savings account or book-entry account free of charge.
• You get a discount on equity trading and a 1% fee ceiling when trading in Finnish listed companies through a book-entry account The discounts apply in digital services.
• Get access to free stock picks and analysis.
• Get a discount on the service packages for savers and investors:
  Equity savings account: 
  Saver: €0/month (normally €2.99/month)
  Investor: €9.99/month (normally €14.99/month)
  Book-entry account: 
  Saver: €0/month (normally €2.99/month)
  Investor: €0/month (normally €5.39/month)

Other benefits:

• Only owner-customers can invest in Profit Shares.

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