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17/02/2020

Entry fees on I&N H2O MultiBonds & H2O Allegro

As from March 2, 2020, H2O AM will charge a 1% entry fee on the I & N share-classes, in all currencies, of H2O MultiBonds and H2O Allegro.

A – H2O MultiBonds

With close to EUR 5.5 billion in net assets, H2O MultiBonds is now saturating its management capacity. As a consequence,

1. as from March 2, 2020, H2O AM will charge a 1% entry fee on the I & N share-classes, in all currencies, of the FCP:

As such, H2O will be levying the maximum entry fee payable to the management company as allowed in the prospectus. There will thus be no need to amend any legal material.

The entry fees on the R (5%), and on the SR (0%) share-classes, in all currencies, of the FCP will remain unchanged.

2. as from July 1, 2020, H2O AM will charge a 5% entry fee, payable to the management company, on the I, N, and SR share-classes, in all currencies, of H2O MultiBonds.

This will require a prior amendment to the prospectus and to the KIIDS, as well as the issuance of an Information Memorandum (an Internet Notice in France) that will be sent to the unitholders of all the share-classes of the FCP.

The R share-classes will remain subject to the 5% entry fee, payable to the fund, and charged since January 31, 2019.



B – H2O Allegro

With EUR 1.6 billion in net assets, H2O Allegro is now approaching its management capacity limit. As a consequence,

1. As from March 2, 2020, H2O AM will charge a 1% entry fee on all the I & N share-classes, in all currencies, of the FCP.

As such, H2O will be levying the maximum entry fee payable to the management company as allowed in the prospectus. There will thus be no need to amend any legal material.

The entry fees on the R (5%), and on the SR (0%) share-classes, in all currencies, of the FCP will remain unchanged.

2. As from July 1, 2020, H2O AM will charge a 5% entry fee, payable to the management company, on the I & N share-classes, in all currencies, of H2O Allegro.

This will require a prior amendment to the prospectus and to the KIIDS, as well as the issuance of an Information Memorandum (an Internet Notice in France) sent to the unitholders of all the share-classes of the FCP.

The R share-classes will remain subject to the 5% entry fee, payable to the fund, and charged since January 31, 2019.

The SR share-classes will remain accessible without entry fee up to a certain level of managed assets at the fund level, beyond which H2O Allegro will saturate its management capacity and a 5% entry fee payable to the asset management company will be levied. H2O will keep you informed thereupon.