The Management Company informs unitholders of the QUADRIGE FRANCE SMALLCAP and QUADRIGE RENDEMENT FRANCE MIDCAPS funds of the introduction of a transitional system relating to performance fees.
Temporary suspension of commissions
- From September 26, 2025, the operational implementation of performance fees is temporarily suspended until December 31, 2025.
- During this period, no performance fees are accrued or deducted.
Next steps
- The definitive methodology for calculating performance fees will be set out in the updated prospectuses.
- These documents will specify the reference period and crystallization procedures.
- A complementary communication will be published to inform you as soon as these new provisions come into force.
Dealing with underperformance in the future
- When the mechanism resumes, any underperformance in relation to the 7% threshold will be renewed.
4 | Outperformance fee | Net assets | 15% (incl. tax) of the fund’s outperformance in excess of 7% per annum. These fees are deducted as soon as the fund’s annual performance exceeds 7% over the financial year. |
- This means that any underperformance will have to be made up before any new calculation and commission deduction.
- This rule respects fairness between holders and is in line with the best practices set out in the ESMA guidelines (ESMA34-39-992).
For further information, please contact the Management Company.
Groupama Asset Management
25 rue de la Ville L’Évêque – 75008 Paris
FAQ – Suspension of performance fees
- Why are outperformance fees temporarily suspended?
This suspension brings the calculation methodology into line with Groupama AM standards and regulatory recommendations (ESMA, AFG-AFTI), while offering greater clarity and fairness for all investors. - Is this suspension bad for investors?
No. This measure is exclusively favorable: no performance fees are charged during the suspension period. The net performance of the funds is therefore preserved for investors. - What will happen when the mechanism resumes?
The management company will apply the rule of rolling over past underperformance in relation to the 7% threshold. Any shortfalls will therefore have to be made up before any new commission is deducted. - Where can I consult the new calculation methods?
Fund prospectuses will be updated with the definitive methodology (reference period, crystallization, catch-up mechanism). These documents and a dedicated notice will be available on the Groupama AM website.
This document is
for information purposes only.
Groupama Asset
Management and its subsidiaries decline all responsibility for any alteration,
deformation or falsification of this document.
Before investing, all investors must
read the prospectus or the document
d’information clé de l’investisseur (DIC) of the UCITS. These documents and
other periodic documents can be obtained free of charge from Groupama AM on
or on www.groupama-am.com.
This non
contractual document in no way constitutes a recommendation, a solicitation
of an offer, or an offer to buy, sell or arbitrage, and must in no case
be interpreted as such.
The
sales teams of Groupama Asset Management and its subsidiaries are at your
disposal to help you obtain a personalized recommendation.
Published by Groupama
Asset Management
Head office: 25 rue
de la ville l’Evêque, 75008 Paris – Website : www.groupama-am.com
