Anti-Dilution - Fundamental principles adopted by Natixis Investment Managers

Natixis Investment Managers has a multi-affiliate approach, and as part of this the day to day management of the funds are delegated to these specialist investment affiliates. This currently includes liquidity and dilution management.

To reflect market practise and in its wish to safeguard the interests of its long-term shareholders, swing pricing is in place for selected sub-funds across the ranges offered by Natixis Investment Managers, including Lux, Dublin, UK and French domiciled funds.

Swing pricing aims to protect existing investors from the dilution effects of other investors transacting in the fund, allocating the costs of dilution to those investors, rather than to the fund.

The following funds are in scope of swing pricing mechanism:
Name of Fund Management Company/Fund Family Domicile
DNCA European Select Equity Fund Natixis Investment Managers United Kingdom
Ecureuil Investissements Natixis Asset Management France
Ecureuil Obli Moyen Terme Natixis Asset Management France
Emerise Asia Equity Fund Natixis Investment Managers Luxembourg
Emerise Emerging Europe Equity Fund Natixis Investment Managers Luxembourg
Emerise Global Emerging Equity Natixis Asset Management Luxembourg
Emerise Latin America Equity Fund Natixis Investment Managers Luxembourg
Emerise Pacific Rim Equity Fund Natixis Investment Managers Luxembourg
Eparcourt Natixis Asset Management France
Fructi Actions France Natixis Asset Management France
H2O Adagio H2O Asset Management France
H2O Allegro H2O Asset Management France
H2O Moderato H2O Asset Management France
H2O Multibonds H2O Asset Management France
H2O MultiEmerging Debt H2O Asset Management France
H2O MultiEquities H2O Asset Management France
H2O MultiReturns Fund Natixis Investment Managers United Kingdom
H2O Multistrategies H2O Asset Management France
H2O Tempo H2O Asset Management France
H2O Vivace H2O Asset Management France
Harris Associates Global Concentrated Equity Fund Natixis Investment Managers United Kingdom
Livret Bourse Investissements Natixis Asset Management France
Loomis Sayles Strategic Income Fund Natixis Investment Managers United Kingdom
Loomis Sayles U.S. Equity Leaders Fund Natixis Investment Managers United Kingdom
Mirova Euro Sustainable Aggregate Fund Natixis Asset Management Luxembourg
Mirova Euro Sustainable Corporate Bond Fund Natixis Asset Management Luxembourg
Mirova Global Green Bond Natixis Asset Management Luxembourg
Natixis Actions Europe Value Natixis Asset Management France
Natixis Actions Europeennes Natixis Asset Management France
Natixis Actions Small & Mid Cap Euro Natixis Asset Management France
Natixis Actions Small & Mid Cap France Natixis Asset Management France
Natixis Convertibles Euro Natixis Asset Management France
Natixis Convertibles Europe Natixis Asset Management France
Natixis Credit Opportunities Natixis Asset Management Luxembourg
Natixis Euro ABS IG Natixis Asset Management France
Natixis Euro ABS Opportunities Natixis Asset Management France
Natixis Euro Aggregate Natixis Asset Management Luxembourg
Natixis Euro Bonds Opportunities 12 Months Natixis Asset Management Luxembourg
Natixis Euro Credit Natixis Asset Management Luxembourg
Natixis Euro Inflation Natixis Asset Management Luxembourg
Natixis Euro Short Term Credit Natixis Asset Management Luxembourg
Natixis Europe Smaller Companies Fund Natixis Investment Managers Luxembourg
Natixis European Convertible Bond Natixis Asset Management Luxembourg
Natixis Global Aggregate Natixis Asset Management Luxembourg
Natixis Global Bonds Enhanced Beta Natixis Asset Management Luxembourg
Natixis Global Convertible Bond Natixis Asset Management Luxembourg
Natixis Global Emerging Bonds Natixis Asset Management Luxembourg
Natixis Global Inflation Fund Natixis Investment Managers Luxembourg
Natixis LCR Actions Euro Natixis Asset Management France
Natixis LCR L1 Core Natixis Asset Management France
Natixis Short Term Global High Income Natixis Investment Managers Luxembourg
Natixis Souverains Euro Natixis Asset Management France
Natixis Souverains Euro 1-3 Natixis Asset Management France
Natixis Souverains Euro 3-5 Natixis Asset Management France
Natixis Souverains Euro 5-7 Natixis Asset Management France
Natixis Sustainable Euro Sovereign 1-3 Natixis Asset Management France
Natixis Ultra Short Term Bonds Plus Natixis Asset Management France
Natixis Euro High Income Natixis Investment Managers Luxembourg
Seeyond Actions CAC 40 Natixis Asset Management France
Seeyond Europe MinVariance Natixis Asset Management Luxembourg
Seeyond Factor Plus Europe Ex U.K. Equity Fund Natixis Investment Managers United Kingdom
Seeyond Factor Plus U.K. Equity Fund Natixis Investment Managers United Kingdom
Seeyond Global MinVariance Natixis Asset Management Luxembourg
Vivace 66 H2O Asset Management France
 
Please refer to the following link for the Frequently Asked Questions on the swing pricing introduced by Natixis Asset Management, an investment manager. Download the Swing Pricing FAQ.
The funds listed above are not registered or authorized for sale in all jurisdictions and may not be available to all investors in a jurisdiction. Accordingly, if persons who consult this webpage have any questions about the registration or authorization of the funds referenced in the list above, they should contact the local representative of the relevant fund (if any) in their respective jurisdiction, their financial advisor or the fund’s management company for further information in connection with the funds that are available in their jurisdiction.