OP-Rental Yield Fund

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.

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.

The management fee charged for administering the fund was reduced by half as of 1 January 2025 (previously 1,9 per cent). The reduced fee will be charged for as long as the temporary suspension of orders continues. Halving the management fee applies to all unit classes of the fund.

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.

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.

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.

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.

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:

The fund’s unit class IIB with a minimum subscription of 1 000,000 euros