Slide 1: Evli Equity Factor Global IB
EVLI EQUITY FACTOR GLOBAL IB This is marketing material for the fund and is not intended as investment advice or recommendation. Before making an investment decision, the investor must read the fund's key information document and other statutory information about the fund. 30.09.2026 ISIN: FI4000441
Slide 2: Evli in brief
2 EVLI IN BRIEF “We see wealth as an engine to drive sustainable progress.” CONFIDENTIAL
Slide 3: Evli in brief
3 ASSETS UNDER MANAGEMENT (EUR MARKET POSITION AS INSTITUTIONAL Evli in brief BILLION) JUNE 30, 2026 ASSET MANAGER (KANTAR PROSPERA 2026) We are a Finnish independent investment 22.6 1. service company with a 40-year operating history. NET REVENUE (EUR MILLION) IN 2025 FINLAND’S THIRD LARGEST FUND M
Slide 4: Evli's investment funds
4 Evli’s investment funds FUND AUM (EUR BILLION) NUMBER OF FUNDS Funds are managed by Evli Fund Management JUNE 30, 2026 Company Ltd. The company is part of Evli Group whose parent company is Evli Plc. 17.1 70 Morningstar, an independent fund research firm, awarded Evli Fund Management Company the b
Slide 5: Award-winning asset management from Evli
5 Award-winning asset management from Evli Evli has consistently ranked at the very top of Kantar Prospera’s client survey for 14 consecutive years. In the SFR Research’s Institutional Investment Services survey, Evli has been ranked first for six years and second for four, based on the overall qual
Slide 6: Evli's Systematic Funds
6 EVLI’S SYSTEMATIC FUNDS Evli’s Multifactor and Growth Fund Strategies LUOTTAMUKSELLINEN
Slide 7: Evli Systematic Funds And Solutions
7 Evli Systematic Funds And Solutions Funds Atlas solutions Index funds Evli Atlas Europe Enhanced Index Evli Atlas USA Enhanced Index Evli Sweden Equity Index Thematic Strategies Factor funds Evli Equity Factor Europe Evli Equity Factor USA Evli Equity Factor World Custom solutions [AUM ~2 bn] Grow
Slide 8: Systematic investing at Evli
8 Systematic investing at Evli Systematic factor strategies utilized across various funds for >10 years 2011 2015 2016 2020 2022 2022 2024 2025 Evli Evli Equity Evli Equity Evli Equity Atlas: Customized Evli USA Evli Europe Evli Atlas Europe Allocation Factor Factor Factor Systematic Growth Growth E
Slide 9: Portfolio management team
9 Portfolio management team Peter Lindahl Mattias Lagerspetz Tuomas Ritola Jimi Jaatinen PORTFOLIO MANAGER, TEAM HEAD PORTFOLIO MANAGER, AI SOLUTIONS LEAD PORTFOLIO MANAGER AT EVLI SINCE 2000 AI STRATEGIES LEAD JOINED JAN 2026 JOINED MAY 2026 AT EVLI SINCE 2015 M.Sc. (Econ.), Hanken School of M.Soc.
Slide 10: Investment philosophy: The Factor Jungle
10 Investment philosophy The Factor Jungle Rewarded What Has Worked? factors – Value investing has existed for more than 100 years Robustness Momentum – Empirical research is a good starting point for return drivers Expected Value Growth Quality Harvest The Factor Jungle New rewarded – True factors
Slide 11: Factors offered outperformance over the long-term
11 Factors offered outperformance over the long-term Illustrative example : value and mómentum factors * 100000 1000000 Momentum stocks Value stocks Growth stocks 100000 Anti-Momentum stocks 10000 US stock market index 10000 US stock market index 1000 1000 100 100 10 10 1 1 0.1 0.1 0.01 1926 1936 19
Slide 12: Harnessing rewarded factors in equities
12 Harnessing rewarded factors in equities We quantitatively analyze and harness certain stock characterics and select companies for the portfolio which have: ✓ Stability ✓ Value ✓ Quality ✓ Outperformed = + + + + + Expected return Market Low risk Value Momentum Quality Size ROE & Beta 12m volatilit
Slide 13: The Evli equity factor approach
13 The Evli equity factor approach Key points in an approach shaped by experience and research Cast your net wide No factor traps Improve the opportunity set Focus on expected returns • Factors are captured efficiently with an • A high score in one factor is not sufficient investable all-cap univers
Slide 14: Steering clear of factor losers and traps
14 Steering clear of factor losers and traps Low average factor ranks translate to low expected returns 16.5 % p.a . -5.6 % p.a . -7.1 % p.a . Factor winners : top 400 stocks based on average factor score Factor losers : bottom 400 stocks based on average factor score Factor traps : stocks that scor
Slide 15: More than the sum of its parts
15 More than the sum of its parts Multifactor approach has added to the outperformance of individual factors 5.7% p.a. 4.9% p.a. While all individual factors have outperformed the market index, the integrated multifactor approach has performed better than the sum of its parts. Source: Evli, FactSet.
Slide 16: High-Level Investment Process [Global]
16 High-Level Investment Process [Global] A process inspired by simplicity and transparency #1 step #2 step #3 step #4 step Starting universe ESG process Factor process Portfolio construction Rebalancing Rank stocks [0-100%] within industries: Full 1) General Evli rebalancing MSCI World ESG principl
Slide 17: ESG Process in Detail [World]
17 ESG Process in Detail [World] 1st step of the investment process Principles for responsible 1) Exclude companies with over 5% of All stocks investment total revenue Exclude bottom from MSCI ▪ from: Weapons 5% of World Climate change ▪ Alcohol companies principles ▪ Tobacco according to Investable
Slide 18: Factor Process in Action [Global]
18 Factor Process in Action [Global] Subportfolio An illustration of the investment process Mega Caps ~21% Weight In Sector -adjusted factor ranks O ut Value rank Low vol rank Momentum rank Quality rank Average factor Price/ Book 12m volatility 12-1month return ROE Asset growth rank, re-ranked Large
Slide 19: Net of fee returns - YTD
19 Net of fee returns - YTD Portfolio Benchmark Difference YTD 14.62% 14.97% -0.35% Portfolio Benchmark Difference Volatility 11.02% 10.80% 0.21% Sharpe 1.18 1.24 -0.06 Tracking Error 6.16% - - Information Ratio -0.06 - - Beta 0.86 - - The fund's benchmark is MSCI World TR Net Index (USD). The minim
Slide 20: Net of fee returns - 5 Years
20 Net of fee returns - 5 Years Portfolio Benchmark Difference 1 Year 20.51% 19.19% 1.32% 3 Years 45.14% 66.61% -21.46% 5 Years 54.34% 78.48% -24.14% 5 Years, 9.07% 12.28% -3.21% annualized return Portfolio Benchmark Difference Volatility 11.43% 13.47% -2.04% Sharpe 0.61 0.76 -0.15 Tracking Error 5.
Slide 21: Annual returns, after fees, 30.09.2026
21 Annual returns, after fees, 30.09.2026 Past returns are no guarantee of future returns. 2020 2021 2022 2023 2024 2025 2026 Portfolio 4.22% 26.44% -5.39% 11.73% 15.41% 3.63% 14.62% Benchmark 7.79% 30.65% -12.98% 19.83% 26.76% 7.34% 14.97% Difference -3.57% -4.21% 7.59% -8.10% -11.35% -3.70% -0.35%
Slide 22: Portfolio structure 30.09.2026
22 Portfolio structure 30.09.2026 Evli Equity Factor Global IB CONFIDENTIAL
Slide 23: Top holdings 30.09.2026
23 Top holdings 30.09.2026 10 LARGEST INVESTMENTS % Newmont Corp 4.69% General Motors Co 4.11% Seagate Technology Holdings PL 2.90% Alphabet Inc 2.79% Affiliated Managers Group Inc 1.64% TE Connectivity PLC 1.32% Moderna Inc 1.15% Cencora Inc 1.13% Revvity Inc 1.10% Bread Financial Holdings Inc 1.06
Slide 24: Peer analysis – 5 years
24 Peer analysis – 5 years Past returns are no guarantee of future returns. Return (cum.) Beta Bear Beta Bull Beta Down Capture Ratio Up Capture Ratio Max Drawdown Evli Equity Factor Global B 53,58 0,88 0,77 0,82 81,98 98,30 -11,85 The upper quartile 53,58 1,07 1,11 1,18 124,94 107,30 -15,22 Median
Slide 25: ESG Metrics 30.06.2026
25 EVLI EQUITY FACTOR GLOBAL ESG Metrics 30.06.2026 Responsibility score A Carbon footprint 55 UN Global Compact 0.0 % SFDR classification: Article 8 (t CO2e/M$ sales) fails CURRENT RESPONSIBILITY SCORES CARBON FOOTPRINT AND FOSSIL FUEL RESERVES DEVELOPMENT OF CARBON INTENSITY OF CURRENT INVESTMENTS
Slide 26: Considerations and risk factors
26 Considerations and risk factors The fund’s investment activities aim to earn a return which, in the long term, exceeds the return of the benchmark index. As the fund’s assets are invested in equities or equity-linked securities, the fund unit value can fluctuate significantly within a short perio
Slide 27: Ambition
27 AMBITION “We want to be the forerunner in responsible wealth management in the Nordics, and in this way help our clients in managing their wealth to support a sustainable future.” CONFIDENTIAL
Slide 28: Responsible investing with 20 years of experience
28 Responsible investing with 20 Review of Evli’s climate targets years of experience Signatory of a COP15 initiative ’Moving Together on Nature’ Signatory of a joint TNFD Signatory of Open Letter to Joining the PRI statement on Nature EU leaders from investors Advance initiative as European Report
Slide 29: Four pillars of responsible investing at Evli
29 Four pillars of responsible investing at Evli #1 in Sustainable investing according to Finnish institutions2 Principles for ESG 1 -integration in Engagement and Reporting Responsible Investment Team Responsible Investment investment process active ownership – Decided by Evli’s – Portfolio – Manag
Slide 30: Monitoring, engagement and active ownership
30 Monitoring, engagement and active ownership ENGAGEMENT ACTIVITIES 2025 UN Global Compact, the UN Guiding Principles on Business and Human COLLABORATIVE ENGAGEMENT PARTICIPATING IN GENERAL Rights, the OECD Guidelines for Multinational Enterprises and Evli’s Climate INITIATIVES MEETINGS and Nature
Slide 31: Exclusions in practice in all Evli funds
31 Exclusions in practice in all Evli funds – With 0% revenue threshold: – Controversial weapon manufacturers – Companies manufacturing peat for energy production – With 5% revenue threshold: – Tobacco producers, adult entertainment producers and companies practicing controversial lending – With 10%
Slide 32: Evli's Climate and Nature Principles
32 Evli’s Climate and Nature Principles 1. Analysis – Monitoring the emissions of companies in Evli’s funds through fund- specific carbon footprints and companies’ emission reduction targets. – Evli’s Responsible Investment team utilizes available tools and data to identify nature-related risks, dep
Slide 33: Evli's climate targets
33 Evli’s climate targets Evli aims to achieve net zero by 2050 at the latest. The interim target for the investments -50% reduction in indirect emissions from investments by 2030 (compared to 2019). 1 We are aware that a credible long-term net zero goal requires systematic work and sufficiently amb
Slide 34: Important information
34 Important information This marketing material is intended for non-professional and professional clients in Finland, Sweden, Lithuania, Latvia and Estonia. In other jurisdictions this Document is intended only for professional clients. The management company of the fund is Evli Fund Management Com
Slide 35: Disclaimer statement
35 Disclaimer statement Evli This presentation is intended only for the recipient's personal and private use. This material is based on sources that Evli Group (Evli) considers correct and reliable. However, neither Evli nor its employees give any guarantee concerning the correctness, accuracy or co
Slide 36: Evli contact and social media
LinkedIn – Evli Funds LinkedIn – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Facebook – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds Message Service X – Evli Funds evli.com evli.com evli.com Evli Plc | Aleksanterinkatu 19 | P.O. Box 1081 | FI-00101 Helsinki, Fi