23/12/2019 : NOTICE TO UNITHOLDERS OF THE DORVAL MANAGEURS SMID CAP EURO MUTUAL FUND

NOTICE TO UNITHOLDERS OF THE DORVAL MANAGEURS SMID CAP EURO MUTUAL FUND

Units: RC FR0013247749; IC FR0013247764; NC FR0013299195; Q FR0013392347

 

Unitholders of the DORVAL MANAGEURS SMID CAP EURO mutual fund are hereby informed of the following changes to the fund:

 

1. Change to the size of the market capitalisation of securities available to the fund:

Currently, the fund may invest in securities with a market capitalisation of less than EUR 5 billion. As a result of market developments, the managers wished to increase this maximum size to EUR 10 billion.

 

2. Correction of a misprint regarding leverage:

The fund may invest up to 100% of its net assets in derivatives. It should be clarified that the leverage is therefore 2.

This change has no effect on the management of the fund, which remains the same.

 

3. Addition of a discretionary management risk:

In the interests of standardisation, the managers wished to incorporate a new discretionary management risk.

This change has no effect on the management of the fund, which remains the same.

 

4. Correction of a misprint regarding the calculation of the fund’s net asset value:

Currently, the net asset value is calculated based on the last known net asset values for UCIs and, for other securities, based on the first price listed.

It may be obtained from the management company and the depositary on the next business day after the calculation day.

 

Following the change, the net asset value will be calculated based on the last known net asset values for UCIs and, for other securities, based on the last price listed.

It may be obtained from the management company and the depositary on the next business day after the NAV calculation day.

 

 

The prospectus and KIIDs for your mutual fund have been amended to include these changes.

The other provisions of the prospectus and KIIDs remain unchanged.

Their legal documentation shall enter into force on 30 December 2019.

 

The legal documentation for the UCIs, detailing all of their characteristics, is available:

  • From the management company, on written request to Dorval Asset Management, 1 Rue de Gramont, 75002 Paris, France.

 

The documents will be sent to you within eight business days:

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