OP-Rental Yield Fund

We will suspend orders for real estate funds

On 31 December 2024, the Board of Directors of OP Fund Management Company Ltd decided to temporarily suspend fund unit redemptions and subscriptions for OP-Rental Yield special common fund.  
The suspension is temporary, and we are closely monitoring the market situation.

We aim to reopen the funds for subscriptions and redemptions as soon as the real estate market stabilises.  
For additional information on the temporary suspension of the fund, read the news: We will temporarily suspend subscriptions and redemptions for real estate funds .


The fund provides high-quality residential property investments with good rental yield 


Despite the temporary suspension of subscriptions and redemptions for the fund, professional portfolio management for the fund will continue in a normal way. 

Founded in 2013, OP-Rental Yield special common fund has grown into Finland's largest fund that invests its assets mainly in apartments. The fund portfolio includes approximately 5,400 directly owned apartments and 21 commercial properties.

The fund has acted as developer for most of its residential properties. The fund's property portfolio is of high quality, modern, energy efficient and excellently located. About half of the fund's property portfolio is located in the Helsinki Metropolitan Area and the other half in other university cities and growth centres.
The occupancy rate of apartments owned by the fund is approximately 98%, clearly exceeding the market average. Occupancy rate describes the percentage of apartments in specific properties currently rented and occupied, in relation to all apartments in the said properties. The payment capacity of tenants in the properties has also remained good.

Overall, the rental cash flows of the fund have remained stable and suffice well for covering the properties' management, maintenance and repair costs and the funds' interest expenses. In other words, the operational functionality of the fund properties is excellent.

​​​​​​​The fund annually pays unitholders a dividend

The fund annually pays unitholders a dividend that equals 75% of the realised net profit. Annual dividend has been paid as follows: €1.23 (2014), €1.22 (2015), €1.53 (2016), €2.09 (2017), €2.56 (2018), €3.50 (2019), €3.03 (2020) €2.47 (2021), €3.89 (2022), €1,53 (2023), € 1,29 (2024)

OP-Rental Yield Income unit

−8,41 %

year

(6)

Risk level

morningstar™

ESG
Buying and selling units in real asset funds Buy order, sell order

On 31 December 2024, the Board of Directors of OP Fund Management Company Ltd decided to temporarily suspend fund unit redemptions and subscriptions for OP-Public Services Real Estate and OP-Rental Yield special common funds.

Special common funds OP-Forest Owner:

You can make buy and sell orders anytime, but buy orders will be executed four times a year and sell orders twice a year.

Buying

When you place a buy order, it will be executed on the last day of the same quarter at that day’s value. Buy orders will be executed on 31 March, 30 June, 30 September and 31 December.

Example: if you place a buy order by 16.00 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

When you place a sell order, it will be executed on the last day of the next six-month period at that day’s value. Sell orders will be executed on 30 June and 31 December.

Example: if you place a sell order by 16.00 on 30 June, it will be executed on 31 December.

If the order execution date is not a weekday, the order will be executed on the previous 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. Valuation may take longer if the fund’s assets need to be realised to pay for redemptions.

Sell order Execution date
1 January–30 June 31 December
1 July–31 December 30 June
Online fees and charges
Subscription fee Annual management fee Redemption fee
1,50 % 1,90 % 1,00 %

If the investment is held for 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 those personal customers who are also our owner-customers earn OP bonuses on the Fund units.

Portfolio manager's review
Read the portfolio manager's review on the fund's Finnish pages.
Fund’s available apartments

Fund’s available apartments

OP-Rental Yield fund’s portfolio is managed by OP Property Management. The fund’s available apartments are shown on the Kodisto page. For the properties shown, real estate funds managed by OP Property Management or OP's insurance and pension institutions act as lessors.

Investment policy

OP-Rental Yield fund mainly invests its assets in apartments, commercial premises and residential construction contracting. The fund is a AIF fund based on the Alternative Investment Fund Managers Directive.

The fund’s investments are mainly made in rental apartments which account for some half of the fund’s portfolio. In addition, the fund invests a maximum of a fifth of its gross assets in residential construction contracting. These investments are made either directly to OP-Rental Yield’s own construction contracting or indirectly in shares in limited partnerships engaged in building and renting homes. The fund also invests in commercial premises, such as business and office premises.

Developments in prices and rental income in the Finnish property market contribute considerably to the fund’s return and value. Fund investments typically focus on real property in growth poles and other regions considered the most attractive by the portfolio management.

The fund management company may, for the account of the fund and for the purpose of the fund’s investment operations and asset management, borrow an amount that accounts for a maximum of half (½) of the fund’s total assets. For a special
reason, the fund management company may borrow an amount accounting for a maximum of one-third (⅓) of the fund’s net assets for a temporary purpose. The fund may pledge its assets in security for its loans.

Responsibility of the fund

OP-Rental Yield is a non-UCITS fund which mainly invests its assets in homes, commercial premises and residential construction contracting in Finland. The Fund promotes environmental and social characteristics and, to ensure it, uses environmental, social and governance (ESG) analysis and excludes certain investments. The Fund’s investments are mainly made directly in rental apartments which account for at least half of the Fund’s portfolio. In addition, the Fund invests a maximum of a fifth of its gross assets in residential construction contracting.

The Fund promotes environmental and social characteristics by supporting sustainable urbanisation in the form of infill development and by favouring energy efficient solutions. In selecting investments, we place emphasis on locations that enable access to services on foot or by bicycle or public transport. The Fund enables the construction of new, healthy homes and a high-quality alternative to home ownership.

This financial product promotes environmental or social characteristics, but sustainable investment is not its objective. To the extent that the Fund makes sustainable investments, those investments aligned with the EU Taxonomy which have set climate change mitigation as their environmental goals are considered sustainable investments. Climate change mitigation is promoted by investing in the options that meet the requirements of the EU Taxonomy. Insofar as the Fund makes sustainable investments with climate change mitigation as the environmental goal, it is assessed in line with the EU Taxonomy that the investment does not cause significant harm to other goals following the EU Taxonomy.

The sustainability indicators monitored include the average energy class of properties, the production of renewable energy in properties, the number of homes built and the number of certified properties.

More details Basic data, performance and fact figures

Basic data

Fund manager
OP Real Estate Asset Management Ltd
Benchmark index
No benchmark index
Start date
25.04.2013
ISIN
FI4000060934
fund serie
Income unit
Fund size
1102 Meur
Serie value (30.09.)
113,81 EUR
Monthly review
Download
Key Information Document
Download
Rules
Download
Sustainability data
Download

Accumulated profit (30.09)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Rental Yield B - −0,65 % −4,52 % −8,41 % −3,18 % −0,43 %
Benchmark - - - - - -

Yearly performance

2020 2021 2022 2023 2024 YTD
OP-Rental Yield B +2,12 % +5,22 % +1,45 % −5,41 % −6,23 % 0,00 %
Benchmark - - - - - -

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Rental Yield B 4,78 % - -
Benchmark index - - -
Portfolio manager
The portfolio manager of the funds is OP Property Management. We manage several real estate funds investing in residential and commercial properties, plots and forest land.
Owner-customers’ saving and investing benefits

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.

Remember to make use of all benefits:

*Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity.

OP-Palvelukiinteistöt
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.
Varho
OP-Alternative Portfolio
OP-Alternative Portfolio invests in various alternative investment products, such as real estate, infrastructure projects, farmland and forest estates, and private equity.
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.