Re: Modification of the La Française Global Floating Rates sub-fund, a sub-fund of the La Française SICAV
Dear Sir, Madam,
You are a unitholder in the La Française Global Floating Rates sub-fund. We thank you for the trust you have placed in us.
The management company has decided to amend the regulatory documentation of the La Française Global Floating Rates sub-fund (hereinafter the "Sub-Fund") particularly in order to take into account environmental, social and governance criteria (known as "ESG" criteria) in the selection of issuers of the securities described below.
The sub-fund will now be classified in Article 9 in accordance with SFDR regulations (products with a sustainable investment objective) and in category 1 in accordance with the Autorité des marchés financiers instruction 2020-03 (significant commitment approach). In addition, the name of the sub-fund will be changed to: La Française Carbon Impact Floating Rates.
The sub-fund may now use options (derivative instruments) and invest in green bonds. Finally, a sustainability risk and an ESG investment risk have been added in the prospectus of your mutual fund. These changes do not require the approval of the Autorité des marchés financiers and will be effective from 6 October 2021. The sections affected and the nature of the modifications are listed in Annex 1 to this letter.
Download the PDF