Fees and Compensation — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 5 – Fees and Compensation
Candriam provides advisory services to a limited number of US individuals through a sub-advisory
relationship currently in place with Belfius Bank SA (“Belfius”). For these services, Candriam
receives a portion of the management fees that Belfius charges to the clients. In addition,
Candriam acts as sub-adviser to a US registered fund for which one of its affiliates serves as the
principal investment adviser. For these services, Candriam receives a portion of the advisory fees
that its affiliate charges the fund. Specific information about Candriam’s fee for providing sub-
advisory services to a US registered fund may be found in that fund’s registration statement on
file with the SEC. Candriam also provides sub-advisory services to one or more Private Funds.
All advisory fees are set out in the investment management agreement, offering document, or
similar agreement between each client and Candriam.
For these services, Candriam receives a portion of the management fees that its affiliate charges
the fund.
Candriam may enter into different fee arrangements with clients for a variety of reasons, including
the type of strategy involved, the nature of any restrictions imposed on managing the account,
and other factors relevant to management of the account.
Candriam’s fees for advisory services are exclusive of other fees and expenses that clients will
incur, such as brokerage commissions, other transaction fees, sales charges, taxes, custodial
fees, expenses related to the research, due diligence and monitoring of actual and prospective
investments (whether or not consummated) and the consummation of investments; organizational
and reorganizational expenses; operational expenses; and other costs and expenses that a client
incurs in connection with Candriam’s management of the client’s account.
Additional information about Candriam’s brokerage practices can be found under Item 12.
1As of December 31st, 2021. AUM is converted from Euro at the spot rate as of this date (1EUR = 1.1372 USD).
Assets under supervision includes approximately $123 billion which fall within the U.S. Securities and Exchange Commission’s
definition of ‘regulatory AUM’ in Form ADV Part 1A. The remainder consists of approximately $6bn other ‘non-regulatory
AUM’ (non-discretionary advisory or related services).
Clients will indirectly bear the fees and expenses charged for investments in shares of
investments funds in which their accounts may be invested (e.g., fees and expenses of underlying
mutual funds and exchange traded funds).
Candriam serves as an Index Consultant to IndexIQ. The Index Consultant services include
index development, data provision and ongoing service for certain IndexIQ indices. For these
services, IndexIQ pays a consultant fee with a range of 0.02% - 0.05% of the average daily net
asset under management of investment funds
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 7 – Types of Clients
Candriam provides discretionary and non-discretionary investment advisory services to two US
registered funds, a limited number of US natural persons, other types of pooled investment
vehicles, including Private Funds, and to institutions such as pooled investment vehicles, pension
plans, insurance companies, banking institutions, corporations, charitable organizations, and
non-US state or municipal entities. The Private Funds offer interests only to qualified investors
and admission to a Private Fund is not open to the general public. An investment in a Private
Fund is generally restricted to investors who qualify as “accredited investors,” as that term is
defined in the Securities Act of 1933, and “qualified purchasers,” as that term is defined in the
Investment Company Act of 1940 (the “1940 Act”). The Private Funds are exempt from
registration as investment companies with the SEC pursuant to Section 3(c)(7) of the 1940 Act.