ODDO BHF Algo Trend Eurozone CN-EUR

The Sub-fund seeks to generate sustainable returns from investment revenue and growth while also maintaining low financial risk levels. The Sub-fund aims to outperform its benchmark rather than replicate it precisely and may deviate from it considerably in both positive and negative terms. The Sub-fund will mainly invest in the stocks composing the STOXX® Europe Sustainability ex AGTAFA index, alongside interest-earning securities (fixed and/or variable rate securities). The Sub-fund’s stock selection method relies upon a trendtracking model based on the benchmark index. This model calculates trends and buy/sell signals with reference to a wide array of historical data. The model makes investment decisions without any manual intervention. Price fluctuations and falls on the equity market only trigger reallocation within the Sub-fund when the positive trend observed for the stocks in question disappears or other stocks are deemed to be more attractive. Another element of the strategy is that the Sub-fund is always almost exclusively invested in equities. Sub-fund units are eligible for the French Equity Savings Plan (Plan d’Epargne en Actions or PEA) (a French equity investment). In light of the above and in accordance with Article 91 quater L of Annex II of the French tax code, the Sub-fund must invest at least 75% of its net asset value in equities from issuers with a registered office in a member state of the European Union or another state party to the agreement on the European Economic Area (EEA) (as described in Article L.221-31, paragraph I, 1°, a, b and c of the French monetary and financial code. The Sub-fund may invest up to 25% of its net asset value in equities from issuers with a registered office in a country that is neither a member state of the European Union nor party to the agreement on the European Economic Area (EEA). Depending on market conditions, the Sub-fund may invest up to 25% of its net asset value in fixed income securities denominated in euro and rated investment grade (at least BBB- by Standard & Poor’s or a rating deemed equivalent by the Management Company, or using the Management Company’s internal rating) issued by credit institutions with a registered office in a member state of the European Union or another state party to the agreement on the European Economic Area. The Sub-fund may hold cash or equivalent assets in order to be able to pay redemption proceeds or meet other liquidity requirements. These assets may take the form of treasury bills and other money market instruments rated investment grade (at least BBB- by Standard & Poor’s or a rating deemed equivalent by the Management Company, or using the Management Company’s internal rating), with a residual maturity not exceeding 12 months, as well as term deposits and demand deposits. The Sub-fund may invest up to 10% of its assets in units or shares of European UCITS, in AIFs from France or other EU member states, as well as in foreign investment funds.