OP-Brave Fund

The OP-Brave balanced fund is a choice for long-term investors who seek a high return on investment. The fund invests in global stock and fixed income markets, with the majority of assets allocated to stocks. As an OP owner-customer, you can buy, sell and switch OP-Brave fund units at no charge.

Your investment is managed by OP Asset Management's experienced portfolio management team that actively follows and responds to market trends. Under normal conditions, about 80% of the fund's assets are invested in stocks and the rest in fixed income products that provide stability, such as government bonds. As a result, OP-Brave has a slightly lower risk level compared to a fund that consists entirely of stock investments. The fund's investments are made mostly through other funds, giving you global diversification with a single product.

Sustainability guides the fund's investments. Industries categorised as harmful to the environment or society are excluded from investments. These include thermal coal production and the manufacture of controversial weapons. We also regularly screen the fund's investments regularly to ensure compliance with international norms related to anti-corruption and taxation, for example.

Why invest in the OP-Moderate fund?

Excellent choice for investors who seek a reasonable return and can tolerate a slightly higher level of risk accompanying the expected return
You get a globally diversified and professional portfolio in which stocks and fixed income products balance each other
The fund's investment decisions take impacts on the environment and society into consideration

OP-Brave

morningstar™

Fees and charges

Subscription fee	Annual management fee	Redemption fee
0,0 %	1,45 %	0,0 %

The fund units accrue OP bonuses for private customers who are owner-customers of an OP cooperative bank.

Investment policy

OP-Brave Fund is a balanced fund investing its assets primarily in the global equity markets and partly in the global fixed-income markets. In the base scenario, the fund invests 80% of its assets in equity markets and 20% in the fixed-income markets. The proportion of equity investments may range between 70–100% and fixed-income investments between 0–30%. The fund's investments are primarily made through other investment funds. The fund may use derivatives instruments in its investment activities to hedge against market fluctuations, to replace direct investments and to otherwise promote efficient portfolio management. Primarily derivatives are used in equity and interest-rate risk management. The Fund diversifies its investments on a broad basis among various companies and bonds, since the investments are mainly implemented using funds.

The Fund promotes environmental and social characteristics and, to ensure it, uses environmental, social and governance (ESG) analysis and excludes certain investments. For more information about the ESG methods used, see the fund prospectus. The “do no significant harm” principle applies only to those investments underlying the fund that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this fund do not take into account the EU criteria for environmentally sustainable economic activities.

The Fund’s benchmark index is a combination of several indexes. The composition of the benchmark index is described in the fund prospectus. With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes
notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.

Responsibility of the fund

Read more about fund’s responsibility on the fund’s Finnish pages.

Portfolio manager's review

More details Basic data, performance and fact figures

Basic data

Fund manager: Ville Pekkala
Benchmark index: Composite benchmark, see the fund Prospectus for details.
Start date: 15.02.1989
ISIN: FI0008802376
fund serie: Accumulation unit
Fund size: 845 Meur
Serie value (10.04.): 124,68 EUR
Monthly review: Download
Key Information Document: Download
Rules: Download
Sustainability data: Download

Accumulated profit (10.04)

	1mth	3mth	6mth	1 y	3 y p.a.	5 y p.a.
OP-Brave A	−8,42 %	−11,89 %	−9,69 %	−4,66 %	+1,22 %	+7,17 %
Benchmark	−7,33 %	−10,35 %	−7,73 %	−1,05 %	+4,01 %	+10,04 %

Yearly performance

	2020	2021	2022	2023	2024	YTD
OP-Brave A	+3,67 %	+18,55 %	−12,73 %	+11,46 %	+15,58 %	−11,84 %
Benchmark	+8,06 %	+20,66 %	−11,87 %	+16,05 %	+18,87 %	−10,41 %

Key figures

	Volatility 12 m	vola 12m	Sharpe 12 m	Duration
OP-Brave A	11,52 %	-	-
Benchmark index	-	-	-

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:

Check the status of your owner-customer membership or become an owner-customer

*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.

The fund's other unit classes

The fund rules and the key information document are common to all unit classes.

Income unit generating annual cash flow, suitable for foundations:

Monthly review (pdf)

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.