# Contents
| Prospectus |  | – Price risk for convertible and warrant-linked bonds | 11 |
| --- | --- | --- | --- |
| Basic principles | 6 | – Risks in connection with derivative transactions | 11 |
| – Sales documentation and disclosure of information | 6 | – Risks in connection with securities lending transactions | 12 |
| – Terms of Investment and changes thereto | 6 | – Risks in connection with repurchase agreements | 12 |
| Management company | 6 | – Risks associated with receiving collateral | 12 |
| – Management Board and Supervisory Board | 7 | – Risk associated with securitisation positions without |  |
|  |  | retention | 12 |
| – Equity capital and additional own funds | 7 |
| Custodian | – Inflation risk	12 7 |
| – Duties of the Custodian | – Currency risk	13 7 |
| – Conflicts of interest | – Concentration risk	13 7 |
| – Liability of the Custodian | – Risks associated with investing in investment fund units	13 7 |
| – Name, legal form and registered office of the Custodian | – Risks arising from the range of permissible investments	13 7 |
| – Sub-custodians | – Market risks in connection with sustainability risks	13 7 |
|  |  | Risks of limited or increased Fund liquidity and risks in |  |
| – Additional information | 8 | connection with increased volumes of subscriptions or |  |
| Risk information | 8 | redemptions (liquidity risk) | 13 |
| – Fluctuations in fund unit value | 8 | – Risk associated with investing in assets | 13 |
| – Effect of taxation on individual results | 8 | – Risk associated with borrowing | 13 |
| – Changes to the investment policy or Terms of Investment | 8 | – Risks from high redemption or subscription volumes | 14 |
| – Restrictions on redemptions | 9 | – Risk arising from public holidays in specific |  |
|  |  | regions/countries | 14 |
| – Suspension of unit redemption | 9 |  |  |
|  |  | Counterparty risks, including credit and receivables risk | 14 |
| – Liquidation of the Fund | 9 |  |  |
|  |  | – Default risk/counterparty risks (excluding central |  |
| – Transfer of all assets of the Fund to another |  | counterparties) | 14 |
| open-ended retail investment fund (merger) | 9 |  |  |
|  |  | – Risk associated with central counterparties | 14 |
| – Transfer of the Fund to another investment management |  |  |  |
| company | 9 | – Default risks in relation to repurchase agreements | 14 |
| – Profitability and fulfilment of the investor’s objectives | 9 | – Default risks in relation to securities lending | 14 |
| Risk of adverse Fund performance (market risk) | 10 | Operational and other risks pertaining to the Fund | 15 |
| – Sustainability risks | 10 | – Risk of criminal wrongdoing, irregularities |  |
|  |  | or natural disaster | 15 |
| – The impact of ESG risks | 10 |  |  |
|  |  | – Cybercrime | 15 |
| – Risk of a change in value | 10 |  |  |
|  |  | – Country or transfer risk | 15 |
| – Capital markets risk | 11 |  |  |
|  |  | – Legal and political risks | 15 |
| – Share price risk | 11 |  |  |
|  |  | – Changes to the tax environment, tax risk | 15 |
| – Interest rate risk | 11 |  |  |
|  |  | – Key person risk | 15 |
| – Risk of negative interest on credit balances | 11 |  |  |

- Custody risk	15

|  | – Options and futures contracts | 27 |
| --- | --- | --- |
| – Differing performance of unit classes | 16 – Bank deposits, time deposits, units in investment |
| Risk profile of the Fund | 16 | funds and loans | 27 |
| Increased volatility | 16 | – Assets denominated in foreign currency | 27 |
| ODDO BHF Algo Global | 16 | Sub-funds | 27 |
| Typical investor profile | 17 | Units | 27 |
| Investment objectives | 18 | Issue and redemption of units | 27 |
| Investment principles | 18 | – Issue of units | 27 |
| – Securities | 18 | – Redemption of units | 27 |
| – Money market instruments | 19 | – Restrictions on redemptions | 27 |
| – Bank deposits | 20 | – Calculation of issue and redemption of units | 28 |
| – Other assets and their investment limits | 21 | – Suspension of unit redemption | 28 |
| – Investment limits for securities, money market |  | – Exchange of units | 28 |
| instruments (including where derivatives are used) |  |  |  |

- Risks arising from trading and clearing mechanisms (settlement risk)	16Special rules for the valuation of specific assets	27
- Unlisted bonds and borrower’s note loans	27

| Liquidity management | 28 |
| --- | --- |
| Exchanges and markets | 29 |
| Fair treatment of investors and unit classes | 29 |
| Issue and redemption price, charges | 29 |
| – Issue and redemption price | 29 |
| – Suspension of calculation of issue/redemption prices | 30 |
| – Entry fee | 30 |
| – Exit charge | 30 |

and bank deposits	21
- Derivatives	23
- Securities lending transactions	24
- Repurchase agreements	25Collateral strategy	25
- Permitted types of collateral	25
- Extent of collateralisation	25

| Remuneration policy | 33 | – Gains on disposals at investor level | 40 |
| --- | --- | --- | --- |
| – Remuneration policies of the Company | 33 | – Negative taxable income | 41 |
| Performance information | 34 | – Taxation on liquidation | 41 |
| – ODDO BHF Algo Global CRW-EUR | 34 | Summary of tax treatment for common types of investor | 42 |
| – ODDO BHF Algo Global DRW-EUR | 34 | Non-German taxpayers | 43 |
| – ODDO BHF Algo Global CIW-EUR | 34 | Solidarity surcharge | 43 |
| – CNW-EUR unit class | 35 | Church tax | 43 |
| Determination of income, income equalisation procedure | 35 | Foreign withholding tax | 43 |
| Financial year and income distribution policy | 35 | Consequences of merger of investment funds | 43 |
| – Financial year | 35 | Automatic exchange of information on tax matters | 43 |
| – Distribution | 35 | General information | 44 |
| – Crediting of distributions | 35 | Auditor | 44 |
| – Accumulation | 35 | Service providers | 44 |
| Liquidation, transfer and merger of the Fund | 35 | – Law firms | 44 |
| – Preconditions for liquidation of the Fund | 35 | Payments to investors/distribution of reports and |  |
|  |  | other information | 44 |
| – Procedure upon liquidation of the Fund | 36 |
| – Transfer of the Fund | Other investment funds managed by the Company	45 36 |
| – Preconditions for merger of the Fund | 36 |
|  |  | Sub-custodians | 46 |

- Investors’ rights in the event of Fund merger	36Delegation	36
- Fund administration	36
- Other delegated activities	37Conflicts of interest	37Summary of tax regulations	38Units held as personal assets (German taxpayers)	38
- Distributions	38
- Advance lump sums	39
- Gains on disposals at investor level	39Units held as business assets (German taxpayers)	39
- Repayment of Fund’s corporation tax	39
- Distributions	40
- Advance lump sums	40Terms of Investment of the Fund	48General Terms of Investment	48Specific Terms of Investment	54

Translation (ENFR, 2022-03-01):
# Content
Prospectus
- Crime informatique (cybercriminalité)	15
- Risque de pays ou de transfert	16
- Risque juridique et politique	16
- Changements de régime fiscal, risque fiscal	16
- Risque de la personne-clé	16
- Risque de garde	16
- Risques résultant des mécanismes de négociation et de compensation (risque de règlement)	16
- Performance différente des catégories de parts	16Profil de risque du Fonds	17Volatilité accrue	17ODDO BHF Algo Global	17Profil type de l’investisseur	18Objectifs d’investissement	18Principes d’investissement	19
- Valeurs mobilières	19
- Instruments du marché monétaire	20
- Dépôts bancaires	22
- Autres actifs et leurs limites d’investissement	22
- Limites d’investissement pour les valeurs mobilières, instruments du marché monétaire (y compris lorsquedes dérivés sont utilisés) et dépôts bancaires	23
- Dérivés	24
- Opérations de prêt de titres	26
- Mises en pension	27Stratégie en matière de garantie	27
- Types de garanties autorisées	27
- Périmètre de garantie	27
- Valorisation de la garantie et stratégie de décote de valorisation («stratégie de décote»)	27
- Investissement de garantie en numéraire	28Emprunt	28Effet de levier	28Règles générales de valorisation des actifs	28
- Actifs cotés en bourse ou négociés sur unmarché organisé	28
- Actifs ni cotés en bourse, ni négociés sur unmarché organisé/Actifs sans cours de négociation	28Règles particulières concernant l’évaluationde certains actifs	28
- Obligations non cotées et emprunts obligataires	28
- Options et contrats à terme «future»	28
- Dépôts bancaires, dépôts à terme, parts de fondsde placement et prêts	29
- Actifs libellés en devises étrangères	29Compartiments	29Parts	29Émission et rachat de parts	29
- Émission de parts	29
- Rachats de parts	29
- Restriction des rachats	29
- Règlement des émissions et des rachats de parts	30
- Suspension des rachats	30
- Échange de parts	30Gestion de la liquidité	30Places boursières et marchés	31Traitement équitable des investisseurs et descatégories de parts	31Prix d’émission et de rachat, frais	31
- Prix d’émission et de rachat	31
- Suspension du calcul des prix d’émission/rachat	32
- Frais d’entrée	32
- Frais de sortie	32
- Frais liés à l’émission et au rachat de parts	32
- Publication des prix d’émission et de rachat	32Frais de gestion et autres	32
- Catégories de parts CRW-EUR, DRW-EUR,CNW-EUR et CIW-EUR	32Caractéristiques propres à la souscriptionde parts de fonds	35Indication du ratio de frais sur encours (charges courantes)	35Prix différents fournis par les distributeurs	35Politique de rémunération	35
- Politique de rémunération de la Société	35Performance	36
- ODDO BHF Algo Global CRW-EUR	36
- ODDO BHF Algo Global DRW-EUR	36
- ODDO BHF Algo Global CIW-EUR	37
- Catégorie de parts CNW-EUR	37Détermination du revenu, procédure de péréquationdes revenus	37Exercice financier et politique de distribution du revenu	37
- Exercice financier	37
- Distribution	37
- Octroi de distributions	37
- Capitalisation	37Liquidation, transfert et fusion du Fonds	38
- Conditions préalables à la liquidation du Fonds	38
- Procédure de liquidation du Fonds	38
- Transfert du Fonds	38
- Conditions préalables à la fusion du Fonds	38
- Droits des investisseurs en cas de fusion du Fonds	38Délégation	39
- Administration de fonds	39
- Autres activités déléguées	39Conflits d’intérêts	39Informations sommaires sur les réglementations fiscales	40Parts détenues en tant qu’actifs personnels (contribuables allemands)	41
- Distributions	41
- Paiements forfaitaires à l’avance	41
- Plus-values sur cessions au niveau de l’investisseur	42Parts détenues en tant qu’actifs de l’entreprise(contribuables allemands)	42
- Remboursement de l’impôt sur les sociétés du Fonds	42
- Distributions	43
- Paiements forfaitaires à l’avance	43
- Plus-values sur cessions au niveau de l’investisseur	43
- Revenu imposable négatif	44
- Fiscalité de la dissolution	44Synthèse du traitement fiscal des catégories courantes d’investisseurs	45Contribuables non allemands	46Impôt de solidarité	46Impôt religieux	46Impôts étrangers retenus à la source	46Conséquences des fusions de fonds	46Échange automatique d’informations fiscales	46Remarque générale	47Commissaire aux comptes	47Prestataires de services	47Paiements à l’attention des investisseurs/diffusionde rapports et autres informations	47Autres fonds d’investissement gérés par la Société	48Sous-dépositaires	49Conditions d’investissement du Fonds	51Conditions générales d’investissement	51Conditions spécifiques d’investissement	57