Contact | Glossary | Natixis links | Recruitment

“MIROVA FUNDS” NOTICE TO SHAREHOLDERS

06.09.2016

“MIROVA FUNDS”
Société d’investissement à capital variable
Registered Office: 5 allée Scheffer, L-2520 Luxembourg
Grand-Duché de Luxembourg
R.C. Luxembourg B 177 509

NOTICE TO SHAREHOLDERS

Dear Sir, dear Madam,

The “Mirova Funds” SICAV is managed by Natixis Asset Management1, a BPCE Group investment management company. Natixis Asset Management has appointed MIROVA2, as Delegated Investment Manager for the Sub-Funds.
Natixis Asset Management has decided to bring the following modifications to the Prospectus of the SICAV. The changes described hereafter will come into force on 12 September 2016.
The Key Investor Information Documents (KIID) and the Fund prospectus, which describe the features of the Fund in full, may be obtained without any charge:

• From the registered office of Natixis Asset Management:
Immeuble Grand Seine
21 Quai d’Austerlitz
75634 Paris Cedex 13, France

These will be sent to you within one week of receipt of a written request;

• Or from the website www.nam.natixis.com.

Luxembourg, 6 September 2016
For the Board of Directors of “Mirova Funds”

 

WHOLE UMBRELLA
1. Creation of the following new sub-funds within the umbrella

• Mirova Global Green Bond Fund
• Mirova US Sustainable Equity Fund

2. Introduction of a Swing Pricing mechanism as from 12 September 2016
The following paragraphs are inserted in the general part of the prospectus of the SICAV:
Subscriptions and redemptions can potentially have a dilutive effect on the Sub-Funds’ NAVs per share and be detrimental to long term investors as a result of the costs, bid-offer spreads or other losses that are incurred by the SICAV in relation to the trades undertaken by the Management Company.
In order to protect the interest of existing Shareholders, the Management Company may decide to introduce a Swing Pricing mechanism for any Sub-Fund of the Umbrella.
If, for a given Sub-Fund, net subscriptions or net redemptions on any calculation day exceeds a certain threshold (“the Swing Threshold”), the net asset value per share will be adjusted respectively upwards or downwards by a Swing Factor. Swing Thresholds and Swing Factors are determined and reviewed on a periodic basis by the Management Company.
The Swing Factor will be set by the Management Company to reflect estimated dealing and other costs.
The volatility of the Sub Funds' net asset values may not reflect the true portfolio performance, and therefore might deviate from the Sub-Funds' benchmark as a consequence of the application of the Swing Pricing mechanism. But, performance fees, if any, are calculated on the basis of the net asset value before the application of Swing Pricing adjustments.

In addition, the list of the Sub-Funds for which the swing pricing mechanism will be applied is inserted in the section “Determination of the Net Asset Value” of the prospectus.

 

EQUITY SUB-FUNDS
MIROVA GLOBAL SUSTAINABLE EQUITY FUND

As from 12 September 2016, the following share class will be created as follows:

- Creation of I/A (AUD) share class.

The new characteristics of the share class created and amended in the Sub-Fund will be as follows:

- Appointment of Natixis Asset Management US

Mirova is currently developing new capabilities triggering organizational changes. In that context and to support their commercial initiatives, Natixis Asset Management US has been appointed as Delegated Investment Manager of the Sub-Fund with effect as of September 12th, 2016, pursuant to an investment management delegation agreement entered into with Natixis Asset Management, with certain employees of Mirova, according to an agreement in place with Mirova (please refer to Section “Delegated Investment Managers” of the prospectus).
Natixis Asset Management US is a Limited Liability Company registered pursuant to and in accordance with the Delaware Limited Liability Company Act. The company is also registered as an investment advisor with US SEC (SEC N 801-79804).
Natixis Asset Management US and Mirova are both subsidiaries of Natixis Asset Management.
The investment policy and other characteristics of this Sub-Fund will remain identical.

 

MIROVA GLOBAL WATER & AGRICULTURE EQUITY FUND

- Appointment of Natixis Asset Management US

Mirova is currently developing new capabilities triggering organizational changes. In that context and to support their commercial initiatives, Natixis Asset Management US has been appointed as Delegated Investment Manager of the Sub-Fund with effect as of September 12th, 2016, pursuant to an investment management delegation agreement entered into with Natixis Asset Management, with certain employees of Mirova, according to an agreement in place with Mirova, (Please refer to Section “Delegated Investment Managers” of the prospectus).
Natixis Asset Management US is a Limited Liability Company registered pursuant to and in accordance with the Delaware Limited Liability Company Act. The company is also registered as an investment advisor with US SEC (SEC N 801-79804).
Natixis Asset Management US and Mirova are both subsidiaries of Natixis Asset Management.
The investment policy and other characteristics of this Sub-Fund will remain identical.

 

FIXED INCOME SUB-FUNDS
MIROVA EURO SUSTAINABLE AGGREGATE FUND

As from 12 September 2016, the following share class will be created as follows:

- Creation of SI/A (EUR) share class.

The new characteristics of the share class created and amended in the Sub-Fund will be as follows:

- Decrease of the Management Fee and the All-in Fee of M/D (EUR) share class.

The Board has decided to decrease the Management Fee and the “All-In Fee” of the M/D (EUR) share class as follows:

• Management Fee: from 0.40% to 0.20%;
• All-in Fee: from 0.50% to 0.30%.

The new characteristics of the M/D (EUR) share class are as follows:

1 Natixis Asset Management is a portfolio management company approved by the “Autorité des Marchés Financiers” (French financial markets authority) under number GP 90-009.
2 Mirova is registered as a Société de gestion de Portefeuille with the French Autorité des Marchés Financiers and is a subsidiary of Natixis Asset Management.