UCITS under French law

SEEYOND EQUITY CAPITAL OPTIM

SEMI-ANNUAL REPORT as at 31 December 2020

Management Company: Investment Managers International Custodian: CACEIS Statutory Auditor: Mazars

Natixis Investment Managers International 43 Avenue Pierre Mendès-, 75013 , France – Tel.: +33 (0)1 78 40 80 00 www.im.natixis.com

• STATEMENT OF NET ASSETS IN EUR

Amount at the end of the Items on the statement of net assets period * a) Eligible financial securities referred to in paragraph 1, section I of Article L. 214-20 of the French 9,994,031.34 Monetary and Financial Code

b) Bank assets 1,999,730.41

c) Other assets held by the UCI 67,475,091.66

d) Total assets held by the UCI (lines a + b + c) 79,468,853.41

e) Liabilities -1,275,488.10

f) Net asset value (lines d + e = net assets of the UCI) 78,193,365.31

* Approved values

• NUMBER OF UNITS OUTSTANDING AND NET ASSET VALUE PER UNIT

Number of units Net asset value per Unit Type of unit Net assets per unit outstanding unit SEEYOND EQUITY CAPITAL OPTIM I C 78,193,365.31 7,638.6466 10,236.54

SEEYOND EQUITY CAPITAL OPTIM 2

• SECURITIES PORTFOLIO ITEMS

Percentage of net Total percentage of Securities portfolio items assets * assets ** A) Eligible financial securities and money market instruments admitted to trading on a regulated market, within the meaning of Article L. 422-1 of the French Monetary and 10.88 10.70 Financial Code. And B) Eligible financial securities and money market instruments admitted to trading on another regulated market that operates regularly, is recognised and open to the public and whose registered office is located in a Member State of the European Union or in another State party to the agreement on the European Economic Area. C) Eligible financial securities and money market instruments admitted to official listing on a stock exchange in a third country or traded on another market in a third country that is regulated, operates regularly and is recognised and open to the public, provided that said stock exchange or market does not appear on a list drawn up by the Autorité des marchés 1.90 1.87 financiers (French Financial Markets Authority) or that the selection of said stock exchange or market is made in accordance with the law or the regulations or articles of association of the undertaking for collective investment in transferable securities. D) Newly issued eligible financial securities referred to in paragraph 4, section I of Article R. 214-11 of the French Monetary and Financial Code. E) Other assets. 86.27 84.88

* Please refer to f) in the statement of net assets ** Please refer to d) in the statement of net assets

SEEYOND EQUITY CAPITAL OPTIM 3

• BREAKDOWN OF ASSETS A), B), C), D) OF THE SECURITIES PORTFOLIO, BY CURRENCY

Currenc Percentage of net Total percentage of Securities Amount (EUR) y assets * assets ** EUR 4,610,467.80 5.90 5.80

Pound sterling GBP 3,356,768.87 4.29 4.22

Swiss franc CHF 1,386,103.27 1.77 1.74

Danish krone DKK 459,754.50 0.59 0.58

Swedish krona SEK 180,936.90 0.23 0.23

TOTAL 9,994,031.34 12.78 12.58

* Please refer to f) in the statement of net assets ** Please refer to d) in the statement of net assets

SEEYOND EQUITY CAPITAL OPTIM 4

• BREAKDOWN OF ASSETS A), B), C), D) OF THE SECURITIES PORTFOLIO, BY COUNTRY OF RESIDENCE OF ISSUER

Percentage of net Total percentage of Country assets * assets ** 4.81 4.73

SWITZERLAND 1.77 1.74

GERMANY 1.73 1.70

FRANCE 1.51 1.49

NETHERLANDS 0.92 0.91

DENMARK 0.59 0.58

ITALY 0.48 0.48

SPAIN 0.39 0.39

SWEDEN 0.23 0.23

BELGIUM 0.13 0.13

AUSTRALIA 0.13 0.13

IRELAND 0.07 0.07

TOTAL 12.78 12.58

* Please refer to f) in the statement of net assets ** Please refer to d) in the statement of net assets

SEEYOND EQUITY CAPITAL OPTIM 5

• BREAKDOWN OF OTHER ASSETS OF E) OF THE SECURITIES PORTFOLIO, BY TYPE

Percentage of net Total percentage of Asset type assets * assets ** Undertakings for collective investment

General UCITS and AIFs and equivalents in other countries intended for non-professional 86.27 84.88 investors

Other funds and equivalents in other EU Member States intended for non-professional investors

Professional investment funds and their equivalents in other EU Member States and listed securitisation vehicles

Other professional investment funds and equivalents in other EU Member States and unlisted special-purpose vehicles

Other non-European undertakings

Other assets

Other

TOTAL 86.27 84.88

* Please refer to f) in the statement of net assets ** Please refer to d) in the statement of net assets

SEEYOND EQUITY CAPITAL OPTIM 6

• TRANSACTIONS IN THE SECURITIES PORTFOLIO DURING THE PERIOD IN EUR

Transactions (amount) Securities portfolio items Purchases Sales A) Eligible financial securities and money market instruments admitted to trading on a regulated market, within the meaning of Article L. 422-1 of the French Monetary and 3,798,416.21 2,956,373.05 Financial Code. And B) Eligible financial securities and money market instruments admitted to trading on another regulated market that operates regularly, is recognised and open to the public and whose registered office is located in a Member State of the European Union or in another State party to the agreement on the European Economic Area. C) Eligible financial securities and money market instruments admitted to official listing on a stock exchange in a third country or traded on another market in a third country that is regulated, operates regularly and is recognised and open to the public, provided that said stock exchange or market does not appear on a list drawn up by the Autorité des marchés 1,539,365.82 2,166,519.29 financiers (French Financial Markets Authority) or that the selection of said stock exchange or market is made in accordance with the law or the regulations or articles of association of the undertaking for collective investment in transferable securities. D) Newly issued eligible financial securities referred to in paragraph 4, section I of Article R. 214-11 of the French Monetary and Financial Code. E) Other assets. 36,717,356.77 35,749,855.21

• OTHER INFORMATION

Depositary: CACEIS Bank - 1-3 place Valhubert, 75013 Paris, France

The itemised half-yearly statement of assets will be made available within eight weeks of the end of the period. It is available on request from the management company: Natixis Investment Managers International – 43 Avenue Pierre Mendès-France, 75013 Paris, France

SEEYOND EQUITY CAPITAL OPTIM 7

• TRANSPARENCY OF SECURITIES FINANCING TRANSACTIONS AND OF THE REUSE OF FINANCIAL INSTRUMENTS – SFTR REGULATION – IN THE ACCOUNTING CURRENCY OF THE UCI (EUR)

Reverse Securities Securities Repurchase repurchase TRS lending borrowing agreements agreements a) Securities and commodities lending

Amount

% of Net Assets*

* % excluding cash and cash equivalents b) Assets committed for each type of securities financing transaction and TRS, expressed in terms of absolute value

Amount 78,273,975.57

% of Net Assets 100.10% c) Top 10 issuers of collateral received (excluding cash) for all types of financing transactions

d) Top 10 counterparties in terms of absolute value of assets and liabilities without offsetting

UNICREDIT BANK AG (HYPOVEREINSBANK) 78,273,975.57 e) Type and quality of collateral

Type

- Equities

- Bonds

- UCIs

- Negotiable debt securities

- Cash

Rating

Collateral currency

f) Settlement and clearing of contracts

Tripartite X

Central counterparty

Bilateral X X Reverse Securities Securities Repurchase repurchase TRS lending borrowing agreements agreements

SEEYOND EQUITY CAPITAL OPTIM 8

Reverse Securities Securities Repurchase repurchase TRS lending borrowing agreements agreements g) Collateral maturity broken down by tranche

Less than 1 day

1 day – 1 week

1 week – 1 month

1 – 3 months

3 months – 1 year

More than 1 year

Open h) Maturity of securities financing transactions and TRS, broken down by tranche

Less than 1 day

1 day – 1 week

1 week – 1 month

1 – 3 months

3 months – 1 year 78,273,975.57

More than 1 year

Open i) Data on the reuse of collateral

Maximum amount (%)

Amount used (%)

Income for the UCI following reinvestment of cash collateral in euro j) Data on the custody of collateral received by the UCI

CACEIS Bank

Securities

Cash k) Data on the custody of collateral provided by the UCI

Securities

Cash Reverse Securities Securities Repurchase repurchase TRS lending borrowing agreements agreements

SEEYOND EQUITY CAPITAL OPTIM 9

Reverse Securities Securities Repurchase repurchase TRS lending borrowing agreements agreements l) Breakdown of data on income and costs

Income

- UCIs 3,300.95 776.29

- Manager

- Third parties

Costs

- UCIs

- Manager

- Third parties e) Data on the type and quality of collateral

Collateral received must comply with the NIM International policy established to guarantee a high level of quality and liquidity, and there must be no direct correlation with the counterparty to the transaction. Additionally, the NIM International collateralisation policy sets out levels of over-collateralisation for each type of security, intended to offset any variation in their value. Finally, a daily margin call system is in place to offset the mark-to-market variations of securities. i) Data on the reuse of collateral

AIFs are not subject to any regulatory restrictions, whatever the nature of the collateral (i.e. maximum amount = 100% in theory).

For transactions conducted by NAM Finance, acting as an "agent" or "principal", the amounts received in respect of cash collateral on temporary sales of securities are invested in an interest-bearing deposit account.

Finally, for the majority of formula-based funds containing TRS and/or performance swap instruments, no reinvestment of collateral was carried out. However, some funds did replace all or part of the cash collateral in the form of a deposit in order to comply with a regulatory constraint: namely, that the maximum amount of cash in the portfolio may not exceed 10%, while the deposited amount may account for a maximum of 20%. k) Data on the custody of collateral provided by the UCI

All collateral provided by the UCI is transferred under full ownership. l) Breakdown of data on income and costs

The Management Company has entrusted Natixis Asset Management Finance with performing securities lending and repurchase agreement transactions for the UCITS.

Income from these transactions is returned to the UCITS. These transactions give rise to costs that are borne by the UCITS. Natixis Asset Management Finance's invoicing cannot exceed 40% of the income generated by these transactions and is deducted from the income recognised by the UCITS.

The amounts shown do not include remuneration from the investment of cash collateral in deposit accounts.

SEEYOND EQUITY CAPITAL OPTIM 10

• DETAILED SECURITIES PORTFOLIO AT 31/12/2020 IN EUR

Quantity Currenc (number or % of Net Security name Current value y nominal Assets value) Deposits Cash collat. p/e EUR 11,246.85 2,706.71 TOTAL Deposits 2,706.71 Equities and equivalent securities Equities and equivalent securities traded on a regulated or

equivalent market GERMANY ADIDAS NOM. EUR 422 125,713.80 0.16 BASF SE EUR 2,081 134,682.32 0.17 DAIMLER AG-REGISTERED SHARES EUR 1,894 109,454.26 0.14 DEUTSCHE BOERSE AG EUR 388 54,029.00 0.07 DEUTSCHE POST AG NAMEN EUR 1,983 80,311.50 0.11 DEUTSCHE TELEKOM AG EUR 6,993 104,580.32 0.14 INFINEON TECHNOLOGIES EUR 2,572 80,735.08 0.10 MUENCHENER RUECKVERSICHERUNG AG EUR 301 73,082.80 0.10 SAP SE EUR 3,888 416,871.36 0.53 SIEMENS ENERGY AG EUR 1,463 43,890.00 0.05 VOLKSWAGEN AG EUR 393 66,849.30 0.08 VONOVIA SE EUR 1,078 64,421.28 0.08 TOTAL GERMANY 1,354,621.02 1.73 AUSTRALIA BHP GROUP PLC GBP 4,745 102,045.86 0.13 TOTAL AUSTRALIA 102,045.86 0.13 BELGIUM ANHEUSER BUSCH INBEV SA/NV EUR 1,694 96,574.94 0.12 COFINIMMO SA EUR 50 6,090.00 0.02 TOTAL BELGIUM 102,664.94 0.14 DENMARK NOVO NORDISK AS DKK 8,021 459,754.50 0.59 TOTAL DENMARK 459,754.50 0.59 SPAIN S.A. EUR 38,027 96,512.53 0.12 IBERDROLA S.A. EUR 12,416 145,267.20 0.19 INDITEX EUR 2,523 65,698.92 0.08 TOTAL SPAIN 307,478.65 0.39 FRANCE AIRBUS SE EUR 1,303 116,983.34 0.15 AIR LIQUIDE EUR 973 130,625.25 0.17 AXA EUR 3,905 76,194.36 0.10 BNP PARIBAS EUR 2,443 105,305.52 0.13 DANONE EUR 1,304 70,103.04 0.09 ELIOR GROUP SCA EUR 66 364.32 ESSILORLUXOTTICA EUR 659 84,055.45 0.10 HERMES INTERNATIONAL EUR 70 61,572.00 0.08 KERING EUR 170 101,048.00 0.13

SEEYOND EQUITY CAPITAL OPTIM 11

• DETAILED SECURITIES PORTFOLIO AT 31/12/2020 IN EUR (continued)

Quantity Currenc (number or % of Net Security name Current value y nominal Assets value) ORANGE EUR 4,489 43,695.93 0.06 PERNOD RICARD EUR 472 74,009.60 0.10 PUBLICIS GROUPE SA EUR 75 3,057.00 SAFRAN SA EUR 730 84,643.50 0.11 SCHNEIDER ELECTRIC SA EUR 1,116 132,022.80 0.17 TOTAL SE EUR 57 2,012.10 VINCI (EX SGE) EUR 1,186 96,492.96 0.12 TOTAL FRANCE 1,182,185.17 1.51 IRELAND CRH PLC EUR 1,684 57,289.68 0.07 TOTAL IRELAND 57,289.68 0.07 SPA EUR 32,534 269,251.38 0.34 SPA EUR 5,738 49,048.42 0.07 EUR 31,210 59,692.25 0.08 TOTAL ITALY 377,992.05 0.49 NETHERLANDS ADYEN NV EUR 36 68,580.00 0.09 HEINEKEN EUR 567 51,721.74 0.07 ING GROEP NV EUR 8,483 64,818.60 0.08 KONINKLIJKE AHOLD NV EUR 2,279 52,667.69 0.07 PROSUS NV EUR 995 87,918.20 0.11 ROYAL DUTCH SHELL - A EUR 21,111 308,516.15 0.39 ROYAL PHILIPS EUR 1,968 86,159.04 0.11 TOTAL NETHERLANDS 720,381.42 0.92 UNITED KINGDOM ANGLO AMERICAN GBP 2,584 69,991.15 0.09 ASTRAZENECA PLC GBP 5,889 481,857.18 0.62 PLC GBP 40,762 66,796.67 0.09 BP PLC GBP 100,388 285,765.41 0.37 BRITISH AMERICAN TOBACCO PLC GBP 12,807 387,457.89 0.49 COMPASS GROUP PLC GBP 4,611 70,213.31 0.09 DIAGEO GBP 11,149 358,471.92 0.45 EXPERIAN GBP 1,995 61,893.81 0.07 GLAXOSMITHKLINE PLC GBP 23,789 356,662.25 0.46 HSBC HOLDINGS PLC GBP 102,047 431,912.70 0.56 PLC GBP 160,592 65,377.86 0.09 STOCK EXCHANGE GBP 673 67,728.57 0.08 NATIONAL GRID PLC GBP 7,471 72,197.69 0.09 PRUDENTIAL PLC GBP 5,378 80,931.36 0.10 RECKITT BENCKISER PLC GBP 1,506 110,068.73 0.15 RELX PLC EUR 4,383 87,791.49 0.11 RIO TINTO PLC GBP 2,388 145,931.85 0.19 TESCO PLC GBP 21,699 56,095.96 0.07 UNILEVER PLC EUR 8,475 420,063.38 0.53

SEEYOND EQUITY CAPITAL OPTIM 12

• DETAILED SECURITIES PORTFOLIO AT 31/12/2020 IN EUR (continued)

Quantity Currenc (number or % of Net Security name Current value y nominal Assets value) VODAFONE GROUP PLC GBP 63,183 85,368.70 0.11 TOTAL UNITED KINGDOM 3,762,577.88 4.81 SWEDEN ATLAS COPCO AB SEK 1,370 57,412.25 0.07 ERICSSON(LM) B SEK 6,416 62,343.46 0.08 INVESTOR B SEK 1,026 61,181.19 0.08 TOTAL SWEDEN 180,936.90 0.23 SWITZERLAND ABB LTD CHF 3,727 85,150.17 0.11 CIE FIN RICHEMONT N CHF 1,089 80,631.61 0.10 LONZA GROUP NOM. CHF 151 79,412.69 0.10 ROCHE HOLDING AG-GENUSSSCHEIN CHF 3,284 938,242.34 1.20 UBS GROUP AG CHF 8,053 92,849.07 0.12 ZURICH CHF 318 109,817.39 0.14 TOTAL SWITZERLAND 1,386,103.27 1.77 TOTAL Equities and equivalent securities traded on a 9,994,031.34 12.78 regulated or equivalent market TOTAL Equities and equivalent securities 9,994,031.34 12.78 Undertakings for collective investment General UCITS and AIFs and equivalents in other countries

intended for non-professional investors FRANCE OSTRUM CASH A1P1 ID EUR 105 11,502,296.36 14.71 OSTRUM CASH I EUR 100 10,168,011.00 13.00 OSTRUM SUSTAINABLE TRESORERIE I C EUR 878.70648 10,906,399.38 13.95 OSTRUM TRESORERIE PLUS IC EUR 100 10,286,437.00 13.16 UNION + SI.3 DEC EUR 50 9,475,793.50 12.12 TOTAL FRANCE 52,338,937.24 66.94 LUXEMBOURG SEEYOND EUROPE MINVAR SI/A (EUR) EUR 151,000 15,116,610.00 19.33 TOTAL LUXEMBOURG 15,116,610.00 19.33 TOTAL General UCITS and AIFs and equivalents in other 67,455,547.24 86.27 countries intended for non-professional investors TOTAL Undertakings for collective investment 67,455,547.24 86.27 Forward financial instruments Other forward financial instruments Other swaps BK 210521 EUR 78,273,975.57 -14,534.15 -0.02 TOTAL Other swaps -14,534.15 -0.02 TOTAL Other forward financial instruments -14,534.15 -0.02 TOTAL Forward financial instruments -14,534.15 -0.02 Receivables 16,837.71 0.03 Payables -651,759.37 -0.84 Financial accounts 1,390,535.83 1.78 Net assets 78,193,365.31 100.00

SEEYOND EQUITY CAPITAL OPTIM 13

im.natixis.com

NATIXIS INVESTMENT MANAGERS INTERNATIONAL 43 Avenue Pierre Mendès-France, CS 41432, 75648 Paris Cedex 13, France – Tel.: +33 (0)1 78 40 80 00 Public limited company with capital of €51,371,060.28 Paris Trade and Companies Register no. 329 450 738 – APE 6630Z – VAT no.: FR 203 294 507 38