Restrictions on investment in the G Fund Alpha Fixed Income and G FUND Alpha Fixed Income II compartments
On 29 June 2018, the Board of Directors of the G Fund open-end collective investment fund ("SICAV") decided, in conformity with the provisions of the prospectus currently in force, to activate the restrictions applicable to subscriptions and conversions (i.e. to perform a "hard close") of the two compartments G FUND Alpha Fixed Income and G FUND Alpha Fixed Income II,
On 29 June 2018, the Board of Directors of the G Fund open-end collective investment fund (“SICAV”) decided, in conformity with the provisions of the prospectus currently in force, to activate the restrictions applicable to subscriptions and conversions (i.e. to perform a “hard close”) of the two compartments G FUND Alpha Fixed Income and G FUND Alpha Fixed Income II, on reaching defined limits of their assets under management. So, with effect from 2 July 2018, the G Fund Alpha Fixed Income compartment will be closed to all new subscriptions as soon as its assets under management attain 810 million euros. Similarly, the G Fund Alpha Fixed Income II will be closed to all new subscriptions as soon as its assets under management attain 80 million euros.
G FUND Alpha Fixed Income and G FUND Alpha Fixed Income II are compartments of G Fund, an open-end mutual fund managed by Groupama Asset Management, invested in bonds and money-market instruments, with the management aim of outperforming the benchmark EONIA compounded rate.
To achieve this aim, the management team takes strategic and tactical positions representing arbitrage on the interest rates of the countries of the OECD, European Union or G20, via the fixed-income markets, futures markets and/or derivative instruments and foreign exchange.
Over the last 2 years, the Alpha Fixed Income strategies have experienced acceleration in inflow, with total subscriptions of almost 600 million euros. Groupama Asset Management, in agreement with the Board of Directors of G Fund, has decided to limit subscriptions to these compartments, not only to protect the interests of existing shareholders but also to maintain the integrity of the investment strategy. The aim of the hard closure is to ensure suitable management of the capacities of these funds and preserve the regularity of their high performance level. This will allow the managers to continue to apply their strategy systematically and with conviction.
The restriction of subscriptions and conversions will be applied to all the shares mentioned in the tables below.
Regulatory information concerning the G Fund Alpha Fixed Income compartment
| Code ISIN | IC: LU0571101715 / ID: LU0857959968 / IUSD: LU1501413030 / ICHF: LU0571101806 / NC: LU0571102010 / NCHF: LU0571102101 / RC : LU1622557624 / OD: LU1501413113 / GD: LU0571101988 |
| Legal status | Compartment, under Luxembourg law, |
| Benchmark | EONIA capitalised |
| Type of investment fund | UCITS |
| Total Net Assets | 671 Mill. EUR on 28/06/2018 |
| NAV valuation period | Daily |
| Subscriptions / redemptions | Every day up to 12:00 h, Luxembourg time
– NAV unknown – Settlement D+3 |
| Custodian bank | CACEIS BANK Luxembourg |
Regulatory information concerning the G FUND Alpha Fixed Income II compartment
| Code ISIN | IC: LU0987164240 / ID: LU0992294545 / ICHF: LU0987164679 / NC: LU0987164596/ NCHF: LU0987164752 / RC :LU1622558275 / OD : LU1622558358 / GD: LU0987164323 / |
| Legal status | Compartment, under Luxembourg law, |
| Benchmark | EONIA capitalised |
| Type of investment fund | UCITS |
| Total Net Assets | 70,7 Mill. EUR on 28/06/2018 |
| NAV valuation period | Daily |
| Subscriptions / redemptions | Every day up to 12:00 h, Luxembourg time
– NAV unknown – Settlement D+3 |
| Custodian bank | CACEIS BANK Luxembourg
|