Statutory Documents

ESG POLICY

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1.55 Mo

ESG Policy

COMPENSATION POLICY

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1.14 Mo

Compensation policy

COMMITMENTS WITH RESPECT TO MIFID

The European markets in financial instruments directive (MiFID) took effect on November 1, 2007. It is a legislative and regulatory system that aims to :

  • harmonize the rules that apply to various investment service providers;
  • promote competition between order execution exchanges ;
  • offer greater protection for investors.

Ostrum Asset Management complies with MiFID requirements:

Order execution policy

The order execution policy for Ostrum Asset Management presents the overall organization of the company and the basic principles applied concerning in particular:

  • selection of intermediaries and counterparties ;
  • control and revision mechanisms used to obtain the best possible result for clients.

 

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620 Ko

The policy on the choice of intermediaries/counter parties and order execution

PREVENTION OF CONFLICTS OF INTEREST

A conflict of interest is a situation in which the management company in engaged in business activities which may prejudice the interests of clients if an appropriate organization is not implemented.
For Ostrum Asset Management, identifying, preventing and managing risk of conflicts of interest is achieved through the implementation of a specific organization as described in the document below.

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1.01 Mo

Summary of the policy for detecting, preventing and managing conflicts of interest

INFORMATION FOR CLIENTS AND POTENTIAL FOR CLIENTS CONCERNING FEES, COMMISSIONS AND OTHER BENEFITS

The General Regulations of the Autorité des Marchés Financiers (French Finance Markets Authority) set out the rules regarding fees, commissions and other benefits ("Inducements") which may be paid or received by fund managers (such as Ostrum Asset Management) in their capacity as investment service providers, in relation to the investment services they provide.
"Inducements" are amounts which may be paid indirectly by clients for services supplied to them by an investment service provider.
For your information, Ostrum Asset Management may:

  • receive Inducements from third parties :
    for selling third party collective investment schemes to its clients, or in relation to commission sharing agreement (for investment decision making aid services and order execution services).
  • pay Inducements to third parties:
    if the third party sells Ostrum Asset Management’s collective investment schemes to its clients,
    if a third party introduces clients to it,
    if a third party provides advice or assistance to it.

These Inducements may be a fixed sum or a percentage of the remuneration received by Ostrum Asset Management or the third party.
Further information will be supplied on request to clients and potential clients.

COMMITMENTS WITH REGARD TO VOTING POLICY

In accordance with the French law on financial security, the AMF requires that every management company which manages UCITS produce a document titled "Voting policy".
This document formally sets out the principles which guide the management company in exercising voting rights pertaining to the shares held by the UCITS under its management.
Reporting on the actual exercise of voting rights provides information on the exercise of voting rights pertaining to securities included in the UCITS managed by Ostrum Asset Management, and reports the conditions under which Ostrum Asset Management exercised these voting rights.

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1.18 Mo

Voting policy 2021

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1013 Ko

Report on exercice of voting rights

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2.36 Mo

Engagement report

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1.37 Mo

Engagement Policy

ANTI-CORRUPTION POLICY

Corruption constitutes an act of fraud that is contrary to ethical standards and subject to severe criminal and administrative sanctions. Violations of anti-corruption regulations are serious and may cause Ostrum AM reputational damage.  Ostrum AM is committed in conducting its business with integrity so as to protect itself against all forms of influence peddling and corruption, which includes the giving or acceptance of bribes in commercial dealings and the corruption of public officials.

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1.02 Mo

Anti-corruption Policy

COMPLAINTS MANAGEMENT POLICY

Mediation via the Autorité des Marchés Financiers

The Autorité des Marchés Financiers (Financial Markets Authority) has a Mediator that can be contacted by any interested party, whether an individual or a legal entity, in the framework of a dispute of an individual nature falling within the scope of its competences, i.e. financial investments.
You can send a letter via the post to the following address:
Médiateur de l’AMF
Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
A form to request mediation is available online on the AMF's internet website (www.amf-france.org).

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328 Ko

Complaints Management Policy

SWING PRICING

In its wish to safeguard the interests of its long-term holders, Ostrum Asset Management has decided to introduce the swing pricing mechanism (protection of holders from fund dilution) based on the methodology recommended by the French Asset Management Association's (AFG) charter.
The introduction of swing pricing solely concerns funds that would benefit from this mechanism.
A shareholder who purchases or redeems an amount below the threshold is not guaranteed to be executed on an unswung NAV. Indeed, the swing pricing trigger is appreciated globally, taking into account all inflows/outflows, ie the net balance of subscriptions / redemptions of all shareholders.
Moreover, Ostrum Asset Management has the right to change at any time the swing pricing parameters, especially during a crisis situation.

Fund names
OSTRUM SHORT TERM GLOBAL HIGH INCOME FUND OSTRUM GLOBAL EMERGING BONDS
OSTRUM CREDIT OPPORTUNITIES OSTRUM GLOBAL INFLATION FUND
OSTRUM GLOBAL SUBORDINATED DEBT OSTRUM SOUVERAINS EURO
OSTRUM EURO ABS IG OSTRUM SOUVERAINS EURO 1-3
OSTRUM EURO ABS OPPORTUNITIES OSTRUM SOUVERAINS EURO 3-5
OSTRUM EURO AGGREGATE OSTRUM SOUVERAINS EURO 5-7
OSTRUM EURO BONDS OPPORTUNITIES OSTRUM SUSTAINABLE EURO SOVEREIGN 1-3
OSTRUM EURO CREDIT OSTRUM ULTRA SHORT TERM BONDS PLUS
OSTRUM EURO HIGH INCOME FUND OSTRUM MULTI ASSET GLOBAL INCOME
OSTRUM EURO INFLATION OSTRUM ISR 12-18 MOIS
OSTRUM EURO SHORT TERM CREDIT LBP ISR OBLI CREDIT
FUNDY O' OSTRUM ISR OBLI CROSSOVER
OSTRUM GLOBAL AGGREGATE OSTRUM SRI OBLI EURO 3-5 ANS

 

A FAQ is available on our Ostrum AM’s website. The purpose of these FAQs is to respond to the various questions of holders regarding the working of the mechanism and its impacts. It applies to professional and non-professional clients within the meaning of the Markets in Financial Instruments Directive.

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577 Ko

Swing Pricing FAQ

This document can also be obtained on request from the Service Client department by e-mailing contact@ostrum.com or sending a letter to:
OSTRUM ASSET MANAGEMENT
Service Client
43, avenue Pierre-Mendès-France – 75013 PARIS – France

Policy on financing research

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403 Ko

Policy on financing research

REPORT ON INTERMEDIATION COSTS

 

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285 Ko

Report on intermediation costs 2020

ANNUAL REPORT ON THE TOP FIVE VENUES

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447 Ko

Download the Annual report on the top five venues in 2020

POLICY ON MANAGEMENT OF SUSTAINABILITY RISKS AND ADVERSE IMPACTS

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1.48 Mo

Policy on management of sustainability risks and adverse impacts

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