# DORVAL CONVICTIONS
I Share (EUR) - Acc
FLEXIBLE STRATEGY
LEGAL NOTICES FROM DISTRIBUTOR NATIXIS INVESTMENT MANAGERS	

#### Monthly report as at 30 November 2023
This material has been prepared by Dorval Asset Management. The distribution of this document may be limited in some countries. The fund cannot be sold in all jurisdictions; the local supervisory authority may limit the offering and the sale of its shares exclusively to certain types of investors.
The tax treatment for the shares or fund units held, acquired or sold depends on the status or the tax treatment of each investor, and may change. Please contact your financial advisor if you have any questions. Your financial advisor is responsible for ensuring that the offer and the sale of the shares in the fund comply with the governing national laws. The fund may not be offered or sold in the USA, to citizens or residents of the USA, or in any other country or jurisdiction where it would be unlawful to offer or sell the fund.
This material has been provided for information purposes only to investment service providers or other Professional Clients, Qualified or Institutional Investors and, when required by local regulation, only at their written request. This material must not be used with Retail Investors. It is the responsibility of each investment service provider to ensure that the offering or sale of fund shares or third party investment services to its clients complies with the relevant national law.
The investment processes and themes as well as the portfolio characteristics and interests are valid on the specified date and may be modified. References to a ranking, rating or award are not a guarantee of future performance and fluctuate over time. This document is not a prospectus and does not constitute an offer of shares. The information contained in this document may be updated occasionally and may differ from the information in the earlier or future versions of this document.
For more detailed information about this fund, as well as the charges, expenditure and risks, please contact your financial advisor to obtain, free of charge, a full prospectus, a Key Investor Information Document, a copy of the articles of association, half-yearly and annual reports and/or other documents and translations required in your jurisdiction. To find a financial advisory in your jurisdiction, please contact ClientServicingAM@natixis.com
If the fund is registered in your jurisdiction, these documents may also be obtained free of charge from the Natixis Investment Managers International offices (www.im.natixis.com) and the payer agents/ representatives mentioned here below. Please read the prospectus and Key Investor Information carefully before investing.

#### To obtain a summary of investor rights in the official language of your jurisdiction, please consult the legal documentation section of the website (im.natixis.com/intl/intl-fund- documents)
In the E.U.: Provided by Natixis Investment Managers International or one of its branch offices listed below. Natixis Investment Managers International is a portfolio management company authorized by the Autorité des Marchés Financiers (French Financial Markets Authority - AMF) under no. GP 90-009, and a public limited company (société anonyme) registered in the Paris Trade and Companies Register under no. 329 450 738. Registered office: 43 avenue Pierre Mendès France, 75013 Paris. Italy: Natixis Investment Managers International Succursale Italiana, Registered office: Via San Clemente 1, 20122 Milan, Italy. Netherlands: Natixis Investment Managers International, Nederlands (Registration number 000050438298). Registered office: Stadsplateau 7, 3521AZ Utrecht, the Netherlands. Sweden: Natixis Investment Managers International, Nordics Filial (Registration number 516412- 8372- Swedish Companies Registration Office). Registered office: Kungsgatan 48 5tr, Stockholm 111 35, Sweden. Or, Provided by Natixis Investment Managers S.A. or one of its branch offices listed below. Natixis Investment Managers S.A. is a Luxembourg management company that is authorized by the Commission de Surveillance du Secteur Financier and is incorporated under Luxembourg laws and registered under n. B 115843. Registered office of Natixis Investment Managers S.A.: 2, rue Jean Monnet, L-2180 Luxembourg, Grand Duchy of Luxembourg. Germany: Natixis Investment Managers S.A., Zweigniederlassung Deutschland (Registration number: HRB 88541). Registered office: Senckenberganlage 21, 60325 Frankfurt am Main. Belgium: Natixis Investment Managers S.A., Belgian Branch, Gare Maritime, Rue Picard 7, Bte 100, 1000 Bruxelles, Belgium. Spain: Natixis Investment Managers, Sucursal en España, Serrano n°90, 6th Floor, 28006 Madrid, Spain. In Switzerland: Provided for information purposes only by Natixis Investment Managers, Switzerland Sàrl, Rue du Vieux Collège 10, 1204 Geneva, Switzerland or its representative office in Zurich, Schweizergasse 6, 8001 Zürich. In the British Isles: Provided by Natixis Investment Managers UK Limited which is authorised and regulated by the UK Financial Conduct Authority (register no. 190258) - registered office: Natixis Investment Managers UK Limited, One Carter Lane, London, EC4V 5ER. When permitted, the distribution of this material is intended to be made to persons as described as follows: in the United Kingdom: this material is intended to be communicated to and/or directed at investment professionals and professional investors only; in Ireland: this material is intended to be communicated to and/or directed at professional investors only; in Guernsey: this material is intended to be communicated to and/or directed at only financial services providers which hold a license from the Guernsey Financial Services Commission; in Jersey: this material is intended to be communicated to and/or directed at professional investors only; in the Isle of Man: this material is intended to be communicated to and/or directed at only financial services providers which hold a license from the Isle of Man Financial Services Authority or insurers authorised under section 8 of the Insurance Act 2008. In the DIFC: Provided in and from the DIFC financial district by Natixis Investment Managers Middle East (DIFC Branch) which is regulated by the DFSA. Related financial products or services are only available to persons who have sufficient financial experience and understanding to participate in financial markets within the DIFC, and qualify as Professional Clients or Market Counterparties as defined by the DFSA. No other Person should act upon this material. Registered office: Unit L10-02, Level 10 ,ICD Brookfield Place, DIFC, PO Box 506752, Dubai, United Arab Emirates In Japan: Provided by Natixis Investment Managers Japan Co., Ltd. Registration No.: Director-General of the Kanto Local Financial Bureau (kinsho) No.425. Content of Business: The Company conducts investment management business, investment advisory and agency business and Type II Financial Instruments Business as a Financial Instruments Business Operator. In Taiwan: Provided by Natixis Investment Managers Securities Investment Consulting (Taipei) Co., Ltd., a Securities Investment Consulting Enterprise regulated by the Financial Supervisory Commission of the R.O.C. Registered address: 34F., No. 68, Sec. 5, Zhongxiao East Road, Xinyi Dist., Taipei City 11065, Taiwan (R.O.C.), license number 2020 FSC SICE No. 025, Tel. +886 2 8789 2788. In Singapore: Provided by Natixis Investment Managers Singapore Limited (company registration no. 199801044D) to distributors and qualified investors for information purpose only. In Hong Kong: Provided by Natixis Investment Managers Hong Kong Limited to professional investors for information purpose only. In Australia: Provided by Natixis Investment Managers Australia Pty Limited (ABN 60 088 786 289) (AFSL No. 246830) and is intended for the general information of financial advisers and wholesale clients only. In New Zealand: This document is intended for the general information of New Zealand wholesale investors only and does not constitute financial advice. This is not a regulated offer for the purposes of the Financial Markets Conduct Act 2013 (FMCA) and is only available to New Zealand investors who have certified that they meet the requirements in the FMCA for wholesale investors. Natixis Investment Managers Australia Pty Limited is not a registered financial service provider in New Zealand. In Colombia: Provided by Natixis Investment Managers International Oficina de Representación (Colombia) to professional clients for informational purposes only as permitted under Decree 2555 of 2010. Any products, services or investments referred to herein are rendered exclusively outside of Colombia. This material does not constitute a public offering in Colombia and is addressed to less than 100 specifically identified investors. In Latin America: Provided by Natixis Investment Managers International. In Uruguay: Provided by Natixis Investment Managers Uruguay S.A., a duly registered investment advisor, authorised and supervised by the Central Bank of Uruguay. Office: San Lucar 1491, Montevideo, Uruguay, CP 11500. The sale or offer of any units of a fund qualifies as a private placement pursuant to section 2 of Uruguayan law 18,627. In Mexico: Provided by Natixis IM Mexico, S. de R.L. de C.V., which is not a regulated financial entity, securities intermediary, or an investment manager in terms of the Mexican Securities Market Law (Ley del Mercado de Valores) and is not registered with the Comisión Nacional Bancaria y de Valores (CNBV) or any other Mexican authority. Any products, services or investments referred to herein that require authorization or license are rendered exclusively outside of Mexico. While shares of certain ETFs may be listed in the Sistema Internacional de Cotizaciones (SIC), such listing does not represent a public offering of securities in Mexico, and therefore the accuracy of this information has not been confirmed by the CNBV. Natixis Investment Managers is an entity organized under the laws of France and is not authorized by or registered with the CNBV or any other Mexican authority. Any reference contained herein to “Investment Managers” is made to Natixis Investment Managers and/or any of its investment management subsidiaries, which are also not authorized by or registered with the CNBV or any other Mexican authority. In Brazil: Provided to a specific identified investment professional for information purposes only by Natixis Investment Managers International. This communication cannot be distributed other than to the identified addressee. Further, this communication should not be construed as a public
offer of any securities or any related financial instruments. Natixis Investment Managers International is a portfolio management company authorized by the Autorité des Marchés Financiers (French Financial Markets Authority - AMF) under no. GP 90-009, and a public limited company (société anonyme) registered in the Paris Trade and Companies Register under no. 329 450 738. Registered office: 43 avenue Pierre Mendès France, 75013 Paris.

Translation (ENFR, 2023-11-30):
# DORVAL CONVICTIONS
Part I (EUR) - Acc
GESTION FLEXIBLE
MENTIONS LÉGALES DU DISTRIBUTEUR NATIXIS INVESTMENT MANAGERS	

#### Reporting mensuel au 30 novembre 2023
Le présent document a été rédigé par Dorval Asset Management. La distribution de ce document peut être limitée dans certains pays. Le fonds ne peut pas être vendu dans toutes les juridictions ; l'autorité de tutelle locale peut limiter l'offre et la vente de ses actions exclusivement à certains types d'investisseurs.
Le traitement fiscal de la détention, de l'acquisition et de la cession des actions ou parts du fonds dépend du statut ou du traitement fiscal de chaque investisseur, et peut changer. Veuillez consulter votre conseiller financier si vous avez des questions. Il est de la responsabilité de votre conseiller financier de s'assurer que l'offre et la vente des actions du fonds sont conformes aux lois nationales en vigueur.
Le présent document est fourni uniquement à des fins d’information aux prestataires de services d’investissement ou aux autres Clients Professionnels ou Investisseurs Qualifiés et, lorsque la réglementation locale l’exige, uniquement sur demande écrite de leur part. Le présent document ne peut pas être utilisé auprès des clients non-professionnels. Il relève de la responsabilité de chaque prestataire de services d’investissement de s’assurer que l’offre ou la vente de titres de fonds d’investissement ou de services d’investissement de tiers à ses clients respecte la législation nationale applicable.
Les thèmes et processus d'investissement, ainsi que les participations et les caractéristiques du portefeuille, sont valides à la date indiquée et peuvent être modifiés. Les références faites à un classement, une note ou une récompense ne sont pas une garantie des performances futures et fluctuent au fil du temps. Le présent document n'est pas un prospectus et ne constitue pas une offre d'actions. Les informations du présent document peuvent être ponctuellement mises à jour et peuvent être différentes des informations des versions antérieures ou futures du présent document.
Pour de plus amples informations concernant ce fonds, y compris les frais, dépenses et risques, veuillez contacter votre conseiller financier pour obtenir gratuitement un prospectus complet, un document « Informations clés », une copie des Statuts, les rapports semestriels et annuels et/ou d'autres documents et traductions inhérents à votre juridiction. Pour identifier un conseiller financier dans votre juridiction, veuillez contacter ClientServicingAM@natixis.com.
Si le fonds est enregistré dans votre juridiction, ces documents sont également disponibles gratuitement dans les bureaux de Natixis Investment Managers International (www.im.natixis.com) et des agents payeurs/ représentants indiqués ci-après.

#### Suisse : RBC Investor Services Bank S.A., Esch-sur-Alzette, succursale de Zurich, Bleicherweg 7, CH-8027 Zurich, Switzerland.
Au Luxembourg : Le présent document est fourni par Natixis Investment Managers S.A. - Société de gestion luxembourgeoise agréée par la Commission de Surveillance du Secteur Financier, société anonyme immatriculée au RCS de Luxembourg sous le numéro B115843. 2, rue Jean Monnet, L-2180 Luxembourg, Grand Duché de Luxembourg.

#### En Belgique : Le présent document est fourni par Natixis Investment Managers S.A., Belgian Branch, Gare Maritime, Rue Picard 7, Bte 100, 1000 Bruxelles, Belgium.
En Suisse : Le présent document est fourni par Natixis Investment Managers, Switzerland Sàrl, Rue du Vieux Collège 10, 1204 Genève, Suisse ou son bureau de représentation à Zurich, Schweizergasse 6, 8001 Zürich
En France : Le présent document est fourni par Natixis Investment Managers International - Société de gestion de portefeuilles agréée par l'Autorité des Marchés Financiers sous le n° GP 90-009, société anonyme immatriculée au RCS de Paris sous le numéro 329 450 738. Siège social: 43 avenue Pierre Mendès France, 75013 Paris.

#### NATIXIS INVESTMENT MANAGERS

#### Société Anonyme au capital de 178 251 690 euros

#### RCS Paris n° 453 952 681

#### 43 avenue Pierre Mendès France, 75013 Paris www.im.natixis.com

##### DORVAL ASSET MANAGEMENT - Un affilié de Natixis Investment Managers

#### Société Anonyme au capital de 303 924 euros

#### RCS Paris B 391392768 - APE 6630 Z - Agrément AMF n° GP 93-08

#### Siège social : 1 rue de Gramont - 75002 Paris Tél +33 1 44 69 90 44 - Fax +33 1 42 94 18 37

#### www.dorval-am.com