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18/12/2017

Mutual Fund H2O Multibonds

18/12/2017
We wish to inform unitholders of H2O Multibonds mutual funds under French law
Unit ISIN Code
R (C) FR0010923375
R (C/D) FR0011981851
RUSD (C) FR0011981836
RSGD (C) FR0011973650*
HCHF-R (C) FR0011061795
HUSD-R (C) FR0011973676
HSGD-R (C) FR0013186681*
I (C) FR0010930438
IUSD (C) FR0010930735
ISGD (C) FR0011973668*
HCHF-I (C) FR0012538049*
HUSD-I (C) FR0011973684
HSGD-I (C) FR0013186699*
M (C/D) FR0013075983*
N (C) FR0013186707*
HCHF-N (C) FR0013186715*
*The unit class is not registered in the United-Kingdom.
Managed by H2O Asset Management LLP
 

1. Increase of currency risk exposure
In the section « Investment strategy », the currency risk is increased from 500% to 600%

In addition the table showing the main investment limits will be updated as follows:
Modified duration range Between 0 and +10
Issuers’ geographical region All geographical regions
Base currency of securities All currencies
Currency risk permitted Up to 600 %

2. Decrease of minimum initial subscription amount of N* units:
*The unit class is not registered in the United-Kingdom.

In order to comply with MIFID requirements and to facillitate subscription in shares which do not offer any retrocessions, the minimum initial subscription amount of units N* will be the following:

Minimum initial souscription amount
1/ 10 000 of a unit

 

The following Units will be concerned:

UNITS ISIN Code
N (C)* FR0013186707
HCHF-N (C)* FR0013186715
*The unit class is not registered in the United-Kingdom.

3. Update of target subscribers of unit N* in relation with MiFID II
*The unit class is not registered in the United-Kingdom.

Previous description New description
All subscribers, and particularly individuals investing through distributors, financial advisors, platforms or other intermediaries (collectively, “Intermediaries”) under a separate contract or a fee-based contract between the investor and an intermediary Subscriptions in this unit are reserved to investors specifically subscribing via distributors or intermediaries:
- subject to national legislation prohibiting all retrocessions to distributors
Or
- that provide an independent advisory service as defined by the MiFiD II European regulation or individual management under mandate ;

This new definition will apply to the following Units:

Units ISIN Code
N (C)* FR0013186707
HCHF-N (C)* FR0013186715
*The unit class is not registered in the United-Kingdom.

The other characteristics of H2O Multibonds remain unchanged.

These changes will be effective on 22 December 2017.

The mutual fund’s prospectus has been updated to include these changes. The other provisions of the prospectus remain unchanged.

The Key Investor Information Documents (KIIDs) and the Prospectus of the H2O MultiBonds are available:
- from the registered office of H2O AM LLP:10 Old Burlington Street, London, W1S 3AG, United Kingdom. These documents will be sent to you within eight working days of receipt of a written request.
- from the facilities agent Société Générale Securities Custody London, 9th Floor Exchange House 12 Primrose Street EC2A 2EG London England.

- at the following website: www.h2o-am.com.