Slide 1: Evli Europe Growth B
EVLI EUROPE GROWTH B 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: FI4000566716 BLOO
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: Growth Done Right
11 Growth Done Right How to harvest the return premia in growth stocks − Growth tends to be expensive Quality − But not all growing companies are too Growth expensive = Growth firms − A smart growth strategy is successful in identifying rewarded growth stocks which grow faster than expected CONFIDEN
Slide 12: What Type Of Growth Firms Have Outperformed?
12 What Type Of Growth Firms Have Outperformed? + Expected growth −Past growth + Profitable −Unprofitable + R&D-biased + Recent outperformers CONFIDENTIAL
Slide 13: Growth Done Right: Harvesting Quality Growth
13 Growth Done Right Harvesting Quality Growth We invest into growth companies which show strong: ─ Investment growth Future investment growth (R&D, etc.) ─ Growth momentum Recent outperformers (earnings, etc.) CONFIDENTIAL
Slide 14: Quality Growth firms have outperformed
14 Quality Growth firms have outperformed (Past performance is not an indicator of future returns) 12.0% p.a . 10.5% p.a. 10.4% p.a. Source: Evli. Returns are total returns among US large-caps between 1967-2021 and are based on historic simulations and do not necessarily illustrate real returns. Dat
Slide 15: Quality Growth has generated good returns
15 Quality Growth has generated good returns Investors have been better off in avoiding expensive growth companies (Past performance is not an indicator of future returns) Market (USA) Quality Growth Expensive Growth 30% 20% 10% 0% -10% 1970s 1980s 1990s 2000s 2010s Market (USA) 6.1 % 16.8 % 18.0 %
Slide 16: Quality Growth strategy, simulation
16 Quality Growth strategy, simulation1 ( Past performance is not an indicator of future returns) Europe Quality Growth strategy simulation 2001-2023 The picture illustrates the income simulation of the growth strategy, which shows gross returns without expenses. The growth strategy is based on a hi
Slide 17: Investment Process
17 Investment Process 1 2 3 4 5 Universe ESG Quality Growth Rebalancing Final Portfolio (large-caps) screening Process MSCI Europe Evli’s principles: Systematic selection Full rebalancing ~130 stocks of companies with annually (~400 stocks) Responsible strong: market-cap investment + weighted + Clim
Slide 18: Evli Europe Growth fund
18 Evli Europe Growth fund − Quality growth companies have performed strongly over the long-term Successful growth – expensive growth firms may be risky for the investor. investing comes down to − Growth factors based on academic selecting companies that research have produced strong returns in the
Slide 19: Evli Europe Growth in a nutshell
19 Evli Europe Growth in a nutshell Type of Fund Equity fund investing in European growth equities (UCITS) Benchmark MSCI Europe Net Total Return EUR Fund Units Distribution (A) and growth units (B) available. Institutional share classes (IA, IB) available. Bloomberg / ISIN A-units: EVLEGEA FH / FI4
Slide 20: Net of fee returns - YTD
20 Net of fee returns - YTD Portfolio Benchmark Difference YTD 9.49% 9.55% -0.07% Portfolio Benchmark Difference Volatility 16.77% 12.94% 3.83% Sharpe 0.47 0.62 -0.14 Tracking Error 6.12% - - Information Ratio -0.01 - - Beta 1.23 - - CONFIDENTIAL
Slide 21: Net of fee returns - 1 Year
21 Net of fee returns - 1 Year Portfolio Benchmark Difference 1 Month -1.21% -2.40% 1.19% 3 Months -2.08% -1.00% -1.07% 6 Months 12.12% 10.68% 1.45% 1 Year 13.79% 16.49% -2.70% Portfolio Benchmark Difference Volatility 15.27% 12.26% 3.01% Sharpe 0.77 1.17 -0.41 Tracking Error 5.32% - - Information R
Slide 22: Net of fee returns - Since launch
22 Net of fee returns - Since launch Portfolio Benchmark Difference 1 Year 13.79% 16.49% -2.70% Since launch 23.60% 34.22% -10.62% Since launch, 8.68% 12.25% -3.57% annualized return Portfolio Benchmark Difference Volatility 15.48% 12.93% 2.55% Sharpe 0.38 0.73 -0.35 Tracking Error 5.09% - - Informa
Slide 23: Annual returns, after fees
23 Annual returns, after fees, 30.09.2026 Past returns are no guarantee of future returns. 2024 2025 2026 Portfolio -0.87% 13.88% 9.49% Benchmark 1.98% 20.13% 9.55% Difference -2.86% -6.25% -0.07% Volatility 14.58% 15.66% 16.10% Tracking Error 4.98% 4.74% 5.59% The benchmark for the fund is MSCI Eur
Slide 24: Portfolio structure
24 Portfolio structure 30.09.2026 Evli Europe Growth B CONFIDENTIAL
Slide 25: Top holdings
25 Top holdings 30.09.2026 10 LARGEST INVESTMENTS % ASML Holding NV 8.51% Novartis AG 4.98% AstraZeneca PLC 4.33% Banco Santander SA 4.28% ABB Ltd 4.08% Siemens Energy AG 4.03% Banco Bilbao Vizcaya Argentari 3.82% ASM International NV 3.73% Industria de Diseno Textil SA 3.49% Erste Group Bank AG 3.3
Slide 26: Peer analysis – 1 year
26 Peer analysis – 1 year Past returns are no guarantee of future returns. Return (cum.) Beta Down Capture Ratio Up Capture Ratio Max Drawdown Evli Europe Growth B 21,98 1,05 63,91 137,90 -9,61 The upper quartile 12,31 1,06 123,73 115,36 -9,24 Median 6,31 0,98 100,65 96,82 -10,04 The lower quartile
Slide 27: ESG Metrics
27 EVLI EUROPE GROWTH ESG Metrics 30.06.2026 Responsibility score AA Carbon footprint 13 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 Excel
Slide 28: Considerations and risk factors
28 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 29: Ambition
29 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 30: Responsible investing with 20 years of experience
30 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 31: Four pillars of responsible investing at Evli
31 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 32: Monitoring, engagement and active ownership
32 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 33: Exclusions in practice in all Evli funds
33 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 34: Evli's Climate and Nature Principles
34 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 35: Evli's climate targets
35 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 36: Important information
36 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 37: Disclaimer statement
37 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 38: 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