Dear Sir/Madam,
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You are a holder of C units (ISIN code – FR0011466093), I units (ISIN code – FR0013280898) or P units (ISIN code – FR0014013SP7) in the French mutual fund QUADRIGE FRANCE SMALLCAPS, and we would like to thank you for your confidence in us.
As of January1, 2026, your fund’s management company has decided to replace the composite benchmark indicator :
10% Euronext Growth All Share Index DNR et+ 90% CAC Small net dividends reinvested
By 100% MSCI France Small Cap Net Total Return EUR Index.
This change is part of Groupama Asset Management’s drive to harmonize its benchmark indices.
This new benchmark reflects the fund’s strategy and does not change the composition or management of your portfolio. In addition, this change does not alter the risk/return profile. It should be noted that under certain very specific market conditions, this new indicator could lead to an increase in performance fees. However, this has not happened in the last 10 years.
We would also like to inform you of the reactivation of performance fees on January1, 2026. The technical terms of this reactivation include the recovery of any underperformance during the year, including the period of suspension of these commissions. The first technical date taken into account will be the Net Asset Value dated September 25, 2025.
We would also like to inform you of a change in the name of the R unit, which has become the P unit, in order to harmonize the wording of the units.
We would also like to take this opportunity to inform you of a change in the redemption deadline. Currently, redemptions are carried out a maximum of 5 working days after the centralization time (D+5). In order to adapt to market practices and to the current deadline for subscriptions to your fund (D+2), the management company has decided to reduce this redemption deadline to D+2, i.e. 2 working days.
Finally, we would like to inform you of the regulatory recommendations of the Autorité des Marchés Financiers (AMF) concerning fees charged to UCIs, effective January 1, 2026. This regulatory change means that the financial manager will no longer charge transaction fees.
As a result, your fund’s maximum fees have been modified: You will find details of these changes in the table below in the section “What are the main changes to your fund”.
These operations will take effect on January1, 2026.
- Change in yield/risk profile: No
- Increased risk profile: No
- Potential increase in costs: No
- Magnitude of change in risk/return profile : Not significant [1]
These changes have no impact on your tax situation.
The table below details the changes made to your investment:
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|
BEFORE |
AFTER |
|
Benchmark index |
10% Euronext Growth All Share Index DNR and 90% CAC Small DNR |
MSCI France Small Cap Net Total Return EUR Index |
|
Redemption period |
J+5 |
J+2 |
|
Unit |
R |
P |
[1] This indicator is based on changes in the SRRI and changes in the fund’s exposure to one or more types of risk.
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|
BEFORE |
AFTER |
|
|
Fees
|
|||
|
Unit class C Maximum direct costs
Unit class I Maximum direct costs
Unit class P Maximum direct costs
|
Financial management fees and administrative costs external to the management company (Cac, custodian, distribution, lawyers, etc.) : Maximum rate: 2.40% incl. tax Financial management fees and administrative costs external to the management company (Cac, custodian, distribution, lawyers, etc.) : Maximum rate: 1.20% incl. VAT Financial management fees and administrative costs external to the management company (Cac, custodian, distribution, lawyers, etc.) : Maximum rate: 0.80% incl. VAT |
Financial management fees : Maximum rate: 2.25% incl. VAT
Operating expenses and other services: 0.12% *
Financial management fees : Maximum rate: 1.05% incl. tax
Operating expenses and other services: 0.12% * Financial management fees : Maximum rate: 0.80% incl. VAT
Operating expenses and other services: 0.12 |
|
|
Outperformance* commission |
15% (incl. tax) of the fund’s annual performance in excess of 7% annualized. These fees will only be deducted if the fund’s annual performance exceeds 7% over the fund’s financial year. |
15% (incl. tax) of the fund’s annual outperformance of the MSCI France Small Cap Net Total Return EUR Index (net dividends reinvested). |
 |
*The operational implementation of performance fees was suspended from September 26 to December 31, 2025 inclusive. As a result, no provisions for performance fees were booked during this period.
Operating expenses and other services: as this is a flat-rate fee, actual operating expenses and other services may exceed the maximum authorized flat-rate rate, in which case the management company will cover the excess.
Indirect costs: not significant, as the UCIs held in the portfolio are less than 20%.
We invite you to familiarize yourself with the regulatory documents for your French mutual fund, QUADRIGE FRANCE SMALLCAPS, which will be available on our website, www.groupama-am.com |, from January1, 2026.
Thanking you for your confidence, we remain yours faithfully.
WARNING
This document is intended for information purposes only.
Groupama Asset Management and its subsidiaries disclaim all liability for any alteration, deformation or falsification of this document.
Before investing, all investors should read the prospectus or the key investor information document (DIC) of the UCITS. These and other periodic documents may be obtained free of charge on request from Groupama AM or at www.groupama-am.com.
This non-contractual document does not constitute a recommendation, a solicitation of an offer, or an offer to buy, sell or arbitrage, and should not 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
