EDMOND DE ROTHSCHILD EURO SRI

Transkript

1 BASFAKTA FÖR INVESTERARE Detta faktablad riktar sig till investerare och innehåller basfakta om denna fond. Detta är inte reklammaterial. Det är information som krävs enligt lag för att hjälpa dig att förstå vad en investering i fonden innebär och riskerna med detta. Du rekommenderas att läsa den så att du kan fatta ett välgrundat investeringsbeslut. EDMOND DE ROTHSCHILD EURO SRI (EdR Euro SRI) Värdepappersfond förvaltas av EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, som ingår i Edmond de Rothschild Group MÅL OCH PLACERINGSINRIKTNING Andelar : A - ISIN : FR Placeringsmål : Fondens förvaltningsmål enligt rekommenderad placeringshorisont, syftar till att överträffa fondens referensindex genom placeringar i företag i euroområdet, som förenar den finansiella räntabiliteten och en policy som syftar till att följa kriterierna för en hållbar utveckling. Jämförelseindex : MSCI EMU, ej återinvesterade utdelningar Placeringsstrategi : Fonden strävar efter en aktiv förvaltning genom s.k. "aktieplockning" av börsnoterade aktier huvudsakligen bland värdepapper i euroområdet. Fonden kommer alltid att investera minst 75 procent i aktier och andra värdepapper antagbara för den franska aktiesparfonden PEA och kommer att vara exponerad till minst 60 procent mot aktier emitterade i ett eller flera länder i euroområdet. Högst 110 procent av fondens nettotillgångar kan vara exponerade mot en aktierisk. Fondens investeringsstrategi stödjer sig i första hand på definitionen för ett värdepappersurval med en potential för största möjliga ekonomiska avkastning, och i andra hand på en urvalsstrategi för värdepapper som följer en politik för hållbar utveckling, vilken anses fördelaktig för värdepapperets utveckling under löptiden, så som det värderats enligt vår interna värdering för grundpelarna miljö, socialt ansvarstagande och bolagsstyrning. I sitt förhållningssätt strävar de alltså efter global avkastning samtidigt på det ekonomiska och finansiella, sociala och miljömässiga planet med respekt och förtroende för sina interna och externa intressenter. Beroende på förvaltarens förväntningar på utvecklingen på aktiemarknaderna, kommer fonden att kunna investera i skuldpapper och penningmarknadsinstrument omsättningsbara på marknaderna i euroområdet inom en gräns på 25 procent av nettotillgångarna. Dessa värdepapper, värderade med kreditbetyget "investment grade" eller högre, men utan löptidsbegränsning, väljs utifrån förväntad avkastning, Högst 100 procent av fondens tillgångar kan användas för finansiella kontrakt omsatta på reglerade eller organiserade europeiska marknader eller på OTC-marknader. För övrigt får fonden placera totalt högst 10 procent i andelar eller aktier i UCITS-fonder. Fonden kan inneha värdepapper som inte är noterade i euro, och kan alltså vara föremål för en växelkursrisk. Beroende på förvaltarens förväntningar på baisseartade växelkursförändringar får fonden använda valutaterminer eller valutaswappar för att skydda mot denna risk. Exponering mot en valutarisk som uppstår på grund av andra valutor än euron får utgöra högst 10 procent av nettotillgångarna. Klassifikation : Euroländer Aktier Rekommenderad placeringshorisont mer än 5 år Notering av fonden : Dagligen, med undantag för franska helgdagar och/eller dagar då de franska marknaderna (Euronext Paris officiella kalender), för alla ordrar som har kommit fram till transfer agenten varje dag före kl baserat på dagens likviditetsvärde. Regler för utdelning : Ackumulering RISK/AVKASTNINGSPROFIL Lägre risk, pottentielt lägre avkastning Högre risk, potentiellt högre avkastning Väsentliga risker som inte vägts in i denna indikator: Värderingssystemet grundas på de genomsnittliga kurssvängningarna substansvärde under de senaste fem åren, dvs. omfattningen av svängningarna uppåt och nedåt på hela portföljen. Om fondens värde per andel/enhet är mindre än fem år gammalt, baseras betyget på andra reglementsenliga beräkningsmetoder. De historiska data, som exempelvis används för att beräkna samlingsindikatorn, kan vara ett otillförlitligt mått på den framtida riskprofilen. Den nuvarande profilen är varken en garanti eller ett mål. Det lägsta betyget, 1, innebär inte en säker placering. Kreditrisk : risken att emittenten av obligationerna eller penningmarknadsinstrumenten inte kan uppfylla sina åtaganden eller att emittentens kreditvärdering har skrivits ned. Likviditetsrisk : risken är knuten till svag likviditet på de underliggande marknaderna, vilket gör dem känsliga för betydande köp- och säljrörelser. Derivatrisk : användandet av derivat kan innebära att fondens värde sjunker mer än de underliggande marknaderna. Denna fond har betyget 6, vilken innebär en exponering upp till 110% av tillgångarna på aktiemarknaderna och det motsvarar en hög risk/avkastningsprofil.

2 AVGIFTER Avgifter och provisioner för att täcka fondens driftskostnader, inklusive kostnaderna för marknadsföring och distribution av andelar. Dessa kostnader minskar investeringens potentiella tillväxt. Engångsavgifter som debiteras före eller efter investeringstillfället Teckningsavgift Inlösenavgift Avgifter som debiteras fonden under året* 4,5% 0% Följande maximibelopp kan tas ut av dina pengar innan de investeras eller innan vinsten på din investering betalas ut. Investeraren kan få uppgifter om gällande tecknings- och inlösenavgifter från sin finansiella rådgivare eller distributör. I vissa fall kan investeraren betala mindre. Förvaltningsavgift Andelar A 2,45% *Angiven siffra baseras på kostnaderna från sista April Denna siffra kan variera från ett år till ett annat. Den inkluderar ej prestations- eller transaktionsbaserade avgifter, förutom de teckning- eller Avgifter som debiteras fonden under särskilda omständigheter inlösenavgifter som fonden betalar om den investerar i aktier eller andelar i en annan värdepappersfond. Resultatrelaterad avgift Metod : 15 % av överavkastningen jämfört med jämförelseindex MSCI EMU 0,04% Mer ingående information om avgifter finns i avsnittet "Avgifter och kostnader" i prospektet, inklusive information om den resultatrelaterade avgiften och hur den beräknas, och finns tillgänglig på hemsida. TIDIGARE RESULTAT Tidigare årsresultat för Edmond de Rothschild Euro SRI andelar A i Euro 40 38,9 36,3 35,2 33,1 32,7 28,0 19,0 19,7 21,5 19,5 20 8,3 8,6 1,7 0-2,3-13, ,7-17,8-25, ,6-48, Andelens startdatum : Juli 1984 Historisk avkastning är ingen garanti för framtida avkastning. Avkastningen kan variera över tiden. I angiven avkastning ingår inte kostnader och avgifter vide mission och inlösen av andelar men omfattar årliga avgifter, förmedlingsavgifter och eventuella resultatrelaterade avgifter som tas ut. Avkastningen har beräknats i Euro med nettoutdelningen återinvesterad. Avkastningen för jämförelseindexet har dock beräknats exklusive utdelning. Den fondutveckling som uppges före 26/06/2009 utfördes med en annan investeringsstrategi än idag. Andelar Jämförelseindex MSCI EMU() FAUX PRAKTISK INFORMATION Förvaringsinstitut : Beskattning : La Compagnie Financière Edmond de Rothschild Banque Franska skattelagstiftingen kan påverka investerarens personliga skattesituation. Fondens prospekt, dess senaste årsrapport och övriga halvårsrapporter (på engelska eller franska), skickas kostnadsfritt efter skriftlig förfrågan till adressen nedan. Priset per andel och information om övriga fondandelar finns att hitta på hemsida EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47, rue du Faubourg Saint-Honoré Paris Cedex 08 - France Telefon : E-post : info@edram.fr Tyskland /Österrike info@edram.de Latinamerika info@edram.cl Asien info@edram.hk Benelux info@edram.be Spanien info@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT kan hållas ansvarigt endast om ett påstående i detta faktablad är vilseledande, felaktigt eller oförenligt med de relevanta delarna av fondföretagets prospekt. Detta fondföretag är auktoriserat i Frankrike och tillsyn över fonden utövas av AMF. EDMOND DE ROTHSCHILD ASSET MANAGEMENT är auktoriserat i Frankrike under nummer GP och dess tillsyn utövas av AMF. Dessa basfakta för investerare gäller per den : 15/06/2012 Fonden och dess andelar har inte inregistrerats enligt lagen Securities Act av 1933 eller varje annan inregistrering i USA. De kan inte erbjudas eller säljas till en amerikansk person, enligt termens definition i "Regulation S".

3 BASFAKTA FÖR INVESTERARE Detta faktablad riktar sig till investerare och innehåller basfakta om denna fond. Detta är inte reklammaterial. Det är information som krävs enligt lag för att hjälpa dig att förstå vad en investering i fonden innebär och riskerna med detta. Du rekommenderas att läsa den så att du kan fatta ett välgrundat investeringsbeslut. EDMOND DE ROTHSCHILD EURO SRI (EdR Euro SRI) Värdepappersfond förvaltas av EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, som ingår i Edmond de Rothschild Group MÅL OCH PLACERINGSINRIKTNING Andelar : I - ISIN : FR Placeringsmål : Fondens förvaltningsmål enligt rekommenderad placeringshorisont, syftar till att överträffa fondens referensindex genom placeringar i företag i euroområdet, som förenar den finansiella räntabiliteten och en policy som syftar till att följa kriterierna för en hållbar utveckling. Jämförelseindex : MSCI EMU, ej återinvesterade utdelningar Placeringsstrategi : Fonden strävar efter en aktiv förvaltning genom s.k. "aktieplockning" av börsnoterade aktier huvudsakligen bland värdepapper i euroområdet. Fonden kommer alltid att investera minst 75 procent i aktier och andra värdepapper antagbara för den franska aktiesparfonden PEA och kommer att vara exponerad till minst 60 procent mot aktier emitterade i ett eller flera länder i euroområdet. Högst 110 procent av fondens nettotillgångar kan vara exponerade mot en aktierisk. Fondens investeringsstrategi stödjer sig i första hand på definitionen för ett värdepappersurval med en potential för största möjliga ekonomiska avkastning, och i andra hand på en urvalsstrategi för värdepapper som följer en politik för hållbar utveckling, vilken anses fördelaktig för värdepapperets utveckling under löptiden, så som det värderats enligt vår interna värdering för grundpelarna miljö, socialt ansvarstagande och bolagsstyrning. I sitt förhållningssätt strävar de alltså efter global avkastning samtidigt på det ekonomiska och finansiella, sociala och miljömässiga planet med respekt och förtroende för sina interna och externa intressenter. Beroende på förvaltarens förväntningar på utvecklingen på aktiemarknaderna, kommer fonden att kunna investera i skuldpapper och penningmarknadsinstrument omsättningsbara på marknaderna i euroområdet inom en gräns på 25 procent av nettotillgångarna. Dessa värdepapper, värderade med kreditbetyget "investment grade" eller högre, men utan löptidsbegränsning, väljs utifrån förväntad avkastning, Högst 100 procent av fondens tillgångar kan användas för finansiella kontrakt omsatta på reglerade eller organiserade europeiska marknader eller på OTC-marknader. För övrigt får fonden placera totalt högst 10 procent i andelar eller aktier i UCITS-fonder. Fonden kan inneha värdepapper som inte är noterade i euro, och kan alltså vara föremål för en växelkursrisk. Beroende på förvaltarens förväntningar på baisseartade växelkursförändringar får fonden använda valutaterminer eller valutaswappar för att skydda mot denna risk. Exponering mot en valutarisk som uppstår på grund av andra valutor än euron får utgöra högst 10 procent av nettotillgångarna. Klassifikation : Euroländer Aktier Rekommenderad placeringshorisont mer än 5 år Notering av fonden : Dagligen, med undantag för franska helgdagar och/eller dagar då de franska marknaderna (Euronext Paris officiella kalender), för alla ordrar som har kommit fram till transfer agenten varje dag före kl baserat på dagens likviditetsvärde. Regler för utdelning : Ackumulering RISK/AVKASTNINGSPROFIL Lägre risk, pottentielt lägre avkastning Högre risk, potentiellt högre avkastning Väsentliga risker som inte vägts in i denna indikator: Värderingssystemet grundas på de genomsnittliga kurssvängningarna substansvärde under de senaste fem åren, dvs. omfattningen av svängningarna uppåt och nedåt på hela portföljen. Om fondens värde per andel/enhet är mindre än fem år gammalt, baseras betyget på andra reglementsenliga beräkningsmetoder. De historiska data, som exempelvis används för att beräkna samlingsindikatorn, kan vara ett otillförlitligt mått på den framtida riskprofilen. Den nuvarande profilen är varken en garanti eller ett mål. Det lägsta betyget, 1, innebär inte en säker placering. Kreditrisk : risken att emittenten av obligationerna eller penningmarknadsinstrumenten inte kan uppfylla sina åtaganden eller att emittentens kreditvärdering har skrivits ned. Likviditetsrisk : risken är knuten till svag likviditet på de underliggande marknaderna, vilket gör dem känsliga för betydande köp- och säljrörelser. Derivatrisk : användandet av derivat kan innebära att fondens värde sjunker mer än de underliggande marknaderna. Denna fond har betyget 6, vilken innebär en exponering upp till 110% av tillgångarna på aktiemarknaderna och det motsvarar en hög risk/avkastningsprofil.

4 AVGIFTER Avgifter och provisioner för att täcka fondens driftskostnader, inklusive kostnaderna för marknadsföring och distribution av andelar. Dessa kostnader minskar investeringens potentiella tillväxt. Engångsavgifter som debiteras före eller efter investeringstillfället Teckningsavgift Inlösenavgift Avgifter som debiteras fonden under året* 4,5% 0% Följande maximibelopp kan tas ut av dina pengar innan de investeras eller innan vinsten på din investering betalas ut. Investeraren kan få uppgifter om gällande tecknings- och inlösenavgifter från sin finansiella rådgivare eller distributör. I vissa fall kan investeraren betala mindre. Förvaltningsavgift Andelar I 1,45% *Angiven siffra baseras på kostnaderna från sista April Denna siffra kan variera från ett år till ett annat. Den inkluderar ej prestations- eller transaktionsbaserade avgifter, förutom de teckning- eller Avgifter som debiteras fonden under särskilda omständigheter inlösenavgifter som fonden betalar om den investerar i aktier eller andelar i en annan värdepappersfond. Resultatrelaterad avgift Metod : 15 % av överavkastningen jämfört med jämförelseindex MSCI EMU 2,56% Mer ingående information om avgifter finns i avsnittet "Avgifter och kostnader" i prospektet, inklusive information om den resultatrelaterade avgiften och hur den beräknas, och finns tillgänglig på hemsida. TIDIGARE RESULTAT Tidigare årsresultat för Edmond de Rothschild Euro SRI andelar I i Euro Andelens startdatum : Juni ,5 8,6 Historisk avkastning är ingen garanti för framtida avkastning. Avkastningen kan variera över tiden. I angiven avkastning ingår inte kostnader och avgifter vide mission och inlösen av andelar men omfattar årliga avgifter, förmedlingsavgifter och eventuella resultatrelaterade avgifter som tas ut. Avkastningen har beräknats i Euro med nettoutdelningen återinvesterad. Avkastningen för jämförelseindexet har dock beräknats exklusive utdelning , ,5 Andelar Jämförelseindex MSCI EMU() FAUX PRAKTISK INFORMATION Förvaringsinstitut : Beskattning : La Compagnie Financière Edmond de Rothschild Banque Franska skattelagstiftingen kan påverka investerarens personliga skattesituation. Fondens prospekt, dess senaste årsrapport och övriga halvårsrapporter (på engelska eller franska), skickas kostnadsfritt efter skriftlig förfrågan till adressen nedan. Priset per andel och information om övriga fondandelar finns att hitta på hemsida EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47, rue du Faubourg Saint-Honoré Paris Cedex 08 - France Telefon : E-post : info@edram.fr Tyskland /Österrike info@edram.de Latinamerika info@edram.cl Asien info@edram.hk Benelux info@edram.be Spanien info@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT kan hållas ansvarigt endast om ett påstående i detta faktablad är vilseledande, felaktigt eller oförenligt med de relevanta delarna av fondföretagets prospekt. Detta fondföretag är auktoriserat i Frankrike och tillsyn över fonden utövas av AMF. EDMOND DE ROTHSCHILD ASSET MANAGEMENT är auktoriserat i Frankrike under nummer GP och dess tillsyn utövas av AMF. Dessa basfakta för investerare gäller per den : 15/06/2012 Fonden och dess andelar har inte inregistrerats enligt lagen Securities Act av 1933 eller varje annan inregistrering i USA. De kan inte erbjudas eller säljas till en amerikansk person, enligt termens definition i "Regulation S".

5 BASFAKTA FÖR INVESTERARE Detta faktablad riktar sig till investerare och innehåller basfakta om denna fond. Detta är inte reklammaterial. Det är information som krävs enligt lag för att hjälpa dig att förstå vad en investering i fonden innebär och riskerna med detta. Du rekommenderas att läsa den så att du kan fatta ett välgrundat investeringsbeslut. EDMOND DE ROTHSCHILD EURO SRI (EdR Euro SRI) Värdepappersfond förvaltas av EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, som ingår i Edmond de Rothschild Group MÅL OCH PLACERINGSINRIKTNING Andelar : R - ISIN : FR Placeringsmål : Fondens förvaltningsmål enligt rekommenderad placeringshorisont, syftar till att överträffa fondens referensindex genom placeringar i företag i euroområdet, som förenar den finansiella räntabiliteten och en policy som syftar till att följa kriterierna för en hållbar utveckling. Jämförelseindex : MSCI EMU, ej återinvesterade utdelningar Placeringsstrategi : Fonden strävar efter en aktiv förvaltning genom s.k. "aktieplockning" av börsnoterade aktier huvudsakligen bland värdepapper i euroområdet. Fonden kommer alltid att investera minst 75 procent i aktier och andra värdepapper antagbara för den franska aktiesparfonden PEA och kommer att vara exponerad till minst 60 procent mot aktier emitterade i ett eller flera länder i euroområdet. Högst 110 procent av fondens nettotillgångar kan vara exponerade mot en aktierisk. Fondens investeringsstrategi stödjer sig i första hand på definitionen för ett värdepappersurval med en potential för största möjliga ekonomiska avkastning, och i andra hand på en urvalsstrategi för värdepapper som följer en politik för hållbar utveckling, vilken anses fördelaktig för värdepapperets utveckling under löptiden, så som det värderats enligt vår interna värdering för grundpelarna miljö, socialt ansvarstagande och bolagsstyrning. I sitt förhållningssätt strävar de alltså efter global avkastning samtidigt på det ekonomiska och finansiella, sociala och miljömässiga planet med respekt och förtroende för sina interna och externa intressenter. Beroende på förvaltarens förväntningar på utvecklingen på aktiemarknaderna, kommer fonden att kunna investera i skuldpapper och penningmarknadsinstrument omsättningsbara på marknaderna i euroområdet inom en gräns på 25 procent av nettotillgångarna. Dessa värdepapper, värderade med kreditbetyget "investment grade" eller högre, men utan löptidsbegränsning, väljs utifrån förväntad avkastning, Högst 100 procent av fondens tillgångar kan användas för finansiella kontrakt omsatta på reglerade eller organiserade europeiska marknader eller på OTC-marknader. För övrigt får fonden placera totalt högst 10 procent i andelar eller aktier i UCITS-fonder. Fonden kan inneha värdepapper som inte är noterade i euro, och kan alltså vara föremål för en växelkursrisk. Beroende på förvaltarens förväntningar på baisseartade växelkursförändringar får fonden använda valutaterminer eller valutaswappar för att skydda mot denna risk. Exponering mot en valutarisk som uppstår på grund av andra valutor än euron får utgöra högst 10 procent av nettotillgångarna. Klassifikation : Euroländer Aktier Rekommenderad placeringshorisont mer än 5 år Notering av fonden : Dagligen, med undantag för franska helgdagar och/eller dagar då de franska marknaderna (Euronext Paris officiella kalender), för alla ordrar som har kommit fram till transfer agenten varje dag före kl baserat på dagens likviditetsvärde. Regler för utdelning : Ackumulering RISK/AVKASTNINGSPROFIL Lägre risk, pottentielt lägre avkastning Högre risk, potentiellt högre avkastning Väsentliga risker som inte vägts in i denna indikator: Värderingssystemet grundas på de genomsnittliga kurssvängningarna substansvärde under de senaste fem åren, dvs. omfattningen av svängningarna uppåt och nedåt på hela portföljen. Om fondens värde per andel/enhet är mindre än fem år gammalt, baseras betyget på andra reglementsenliga beräkningsmetoder. De historiska data, som exempelvis används för att beräkna samlingsindikatorn, kan vara ett otillförlitligt mått på den framtida riskprofilen. Den nuvarande profilen är varken en garanti eller ett mål. Det lägsta betyget, 1, innebär inte en säker placering. Kreditrisk : risken att emittenten av obligationerna eller penningmarknadsinstrumenten inte kan uppfylla sina åtaganden eller att emittentens kreditvärdering har skrivits ned. Likviditetsrisk : risken är knuten till svag likviditet på de underliggande marknaderna, vilket gör dem känsliga för betydande köp- och säljrörelser. Derivatrisk : användandet av derivat kan innebära att fondens värde sjunker mer än de underliggande marknaderna. Denna fond har betyget 6, vilken innebär en exponering upp till 110% av tillgångarna på aktiemarknaderna och det motsvarar en hög risk/avkastningsprofil.

6 AVGIFTER Avgifter och provisioner för att täcka fondens driftskostnader, inklusive kostnaderna för marknadsföring och distribution av andelar. Dessa kostnader minskar investeringens potentiella tillväxt. Engångsavgifter som debiteras före eller efter investeringstillfället Teckningsavgift Inlösenavgift Avgifter som debiteras fonden under året* 4,5% 0% Följande maximibelopp kan tas ut av dina pengar innan de investeras eller innan vinsten på din investering betalas ut. Investeraren kan få uppgifter om gällande tecknings- och inlösenavgifter från sin finansiella rådgivare eller distributör. I vissa fall kan investeraren betala mindre. Förvaltningsavgift Andelar R 1,60% *Angiven siffra baseras på kostnaderna från sista April Denna siffra kan variera från ett år till ett annat. Den inkluderar ej prestations- eller transaktionsbaserade avgifter, förutom de teckning- eller Avgifter som debiteras fonden under särskilda omständigheter inlösenavgifter som fonden betalar om den investerar i aktier eller andelar i en annan värdepappersfond. Resultatrelaterad avgift Ingen Mer ingående information om avgifter finns i avsnittet "Avgifter och kostnader" i prospektet, inklusive information om den resultatrelaterade avgiften och hur den beräknas, och finns tillgänglig på hemsida. TIDIGARE RESULTAT Tidigare årsresultat för Edmond de Rothschild Euro SRI andelar R i Euro Andelens startdatum : Februari Historisk avkastning är ingen garanti för framtida avkastning. Avkastningen kan variera över tiden. I angiven avkastning ingår inte kostnader och avgifter vide mission och inlösen av andelar men omfattar årliga avgifter, förmedlingsavgifter och eventuella resultatrelaterade avgifter som tas ut , ,5 Avkastningen har beräknats i Euro med nettoutdelningen återinvesterad. Avkastningen för jämförelseindexet har dock beräknats exklusive utdelning. Andelar Jämförelseindex MSCI EMU() FAUX PRAKTISK INFORMATION Förvaringsinstitut : Beskattning : La Compagnie Financière Edmond de Rothschild Banque Franska skattelagstiftingen kan påverka investerarens personliga skattesituation. Fondens prospekt, dess senaste årsrapport och övriga halvårsrapporter (på engelska eller franska), skickas kostnadsfritt efter skriftlig förfrågan till adressen nedan. Priset per andel och information om övriga fondandelar finns att hitta på hemsida EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47, rue du Faubourg Saint-Honoré Paris Cedex 08 - France Telefon : E-post : info@edram.fr Tyskland /Österrike info@edram.de Latinamerika info@edram.cl Asien info@edram.hk Benelux info@edram.be Spanien info@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT kan hållas ansvarigt endast om ett påstående i detta faktablad är vilseledande, felaktigt eller oförenligt med de relevanta delarna av fondföretagets prospekt. Detta fondföretag är auktoriserat i Frankrike och tillsyn över fonden utövas av AMF. EDMOND DE ROTHSCHILD ASSET MANAGEMENT är auktoriserat i Frankrike under nummer GP och dess tillsyn utövas av AMF. Dessa basfakta för investerare gäller per den : 15/06/2012 Fonden och dess andelar har inte inregistrerats enligt lagen Securities Act av 1933 eller varje annan inregistrering i USA. De kan inte erbjudas eller säljas till en amerikansk person, enligt termens definition i "Regulation S".

7 UCITS in compliance with European standards PROSPECTUS I. GENERAL CHARACTERISTICS: 1.1. UCITS STRUCTURE: Name: Edmond de Rothschild Euro SRI Legal form and member state in which the UCITS was established: French Mutual Fund (FCP). Creation date and intended lifetime: This UCITS was approved by the AUTORITE DES MARCHES FINANCIERS (French Financial Markets Authority) on 10 December This FCP was created on 10 February 2005 for a period of 99 years. Fund overview: The FCP consists of three unit classes: The FCP does not have any sub-funds. Type of Shares ISIN code Dividend policy Currency Minimum initial subscription amount Targeted investors A units FR Accumulation Euro 1 unit All investors I units FR Accumulation and/or distribution Euro EUR 500,000 Legal entities R units FR Accumulation Euro EUR 500,000 Legal entities Address at which the latest annual and periodic reports are available: The latest annual and periodic reports will be sent to unitholders within one week upon written request to the custodian bank, LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE, 47 rue du Faubourg Saint Honoré, PARIS CEDEX 08, or on the website: DIRECTORY: Management Company: EDMOND DE ROTHSCHILD ASSET MANAGEMENT Société Anonyme (Public Limited Company) approved by the AMF as an asset management company, 15 April 2004, under number GP Registered office: 47 rue du Faubourg Saint-Honoré Paris Custodian: LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE Société Anonyme (Public Limited Company) with a board of directors and a supervisory board, authorised by the BANQUE DE FRANCE-CECEI as a credit institution on 28 September Registered office: 47 rue du Faubourg Saint-Honoré, PARIS LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE is responsible for the safekeeping of the units of the FCP via the sub-custodian, for ensuring that the decisions taken by the Management Company are lawful. 1 Prospectus

8 Delegated centraliser: As delegated, LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE is responsible for the functions relating to liability accounting: on the one hand, centralising subscription and redemption orders; on the other, handling account administration for the fund's issues. Institution delegated with the task of maintaining the issuing account: LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE Sub-custodian: CREDIT AGRICOLE TITRES S.N.C. Société en Nom Collectif (Partnership) approved by the CECEI (French Credit Institutions and Investment Firms Committee) as an investment company appointed to carry out, inter alia, safekeeping activities with respect to financial instruments. Registered office: 4 avenue d Alsace, BP MER Postal address: 30 rue des Vallées BP BRUNOY CEDEX Acting on behalf of the Custodian, the Sub-custodian is responsible for the safekeeping of the assets of the Fund, for their liquidation, and for the settlement/delivery of orders received and submitted by the Custodian. It also provides financial services in relation to the units of the Fund (corporate actions, collection of income) and the safekeeping of pure registered units. Auditor: CABINET DIDIER KLING & ASSOCIES Registered office: 41 avenue de Friedland, PARIS Authorised signatory: Mr Didier KLING Promoter: EDMOND DE ROTHSCHILD ASSET MANAGEMENT Société Anonyme (Public Limited Company) approved by the AMF as an asset management company, 15 April 2004, under number GP Registered office: 47 rue du Faubourg Saint-Honoré Paris Telephone: contact@edram.fr Fax: Website: EDMOND DE ROTHSCHILD ASSET MANAGEMENT decides on how to promote the Fund and may delegate the actual marketing activities to a third party of its choice. Furthermore, the Management Company is not aware of the identity of all promoters of assets of the FCP, such promoters being able to act outside any agreement. Irrespective of which company is ultimately designated promoter, the sales teams of EDMOND DE ROTHSCHILD ASSET MANAGEMENT are at the disposal of unitholders for any information or questions relating to the FCP; they may be contacted at the company s registered office or marketing department. Administration delegated to: EDMOND DE ROTHSCHILD INVESTORS ASSISTANCE Economic Interest Grouping Registered office: 47 rue du Faubourg Saint-Honoré, PARIS The Management Company EDMOND DE ROTHSCHILD ASSET MANAGEMENT is a member of and delegates the administrative management of the UCITS to the G.I.E EDMOND DE ROTHSCHILD INVESTORS ASSISTANCE according to the terms defined in its internal regulations and articles of association. The consortium aims to be at the exclusive service of those of its members engaged in portfolio management on behalf of third parties as a principal or ancillary duty. It aims to pool technical and administrative support resources in order to support the development of its members' activities internationally and, more generally, to meet their common needs for the deployment of their domestic activities. 2 Prospectus

9 Accounting delegated to: CACEIS FUND ADMINISTRATION Société anonyme (Public Limited Company) with share capital of EUR 5,800,000 Registered office : 1-3 Place Valhubert Paris Postal address: 1-3 Place Valhubert Paris Cedex 13 The management company, Edmond de Rothschild Asset Management, delegates to CACEIS FUND ADMINISTRATION the accounting management of the UCITS. CACEIS FUND ADMINISTRATION s specific objective is the valuation and the accounting and administrative management of financial portfolios. As such, it focuses on processing financial information for portfolios, calculation of net asset values, bookkeeping for the portfolios, production of accounting and financial statements and information and production of various regulatory and special reports. II. OPERATING AND MANAGEMENT PROCEDURES: 2.1 GENERAL CHARACTERISTICS: Characteristics of the units: - ISIN code: A units: FR I units: FR R units FR Rights: the FCP is a co-ownership of financial instruments and deposits whose units are issued and redeemed at the request of investors at their net asset value increased or decreased accordingly by fees and commissions. Unitholders have a co-ownership right in the assets of the FCP in proportion to the number of units they hold. - Entry into a register: the units shall be admitted to EUROCLEAR FRANCE and shall qualify as registered units prior to admittance and as bearer units once admitted. The rights of holders of registered units shall be represented by an entry in a register held by the Custodian and the rights of holders of bearer units shall be represented by an entry in the account held by the Central Custodian (EUROCLEAR FRANCE) by way of sub-affiliation in the name of the Sub-custodian. - Voting rights: no voting rights are attributed to the ownership of units. Decisions concerning the FCP are taken by the Management Company. - Form of units: bearer or registered units. - A, I and R units are expressed in whole units or thousandths of units. Year-end: Last stock market trading day of September. Tax regime: As FCPs have a co-ownership structure, they are exempt from corporate tax and are deemed transparent. Therefore, the gains or losses realised when redeeming units of the FCP (or at the time the Fund is dissolved) represent capital gains or losses and are taxed as capital gains or losses on transferable securities applicable to each unitholder depending on their individual situation (country of residence, natural person or legal entity, place of subscription, etc.). Such capital gains may be subject to withholding tax if the unitholder is not resident in France for tax purposes. Furthermore, unrealised capital gains may be subject to taxation in certain cases. Investors are also informed that the FCP includes A, I and R accumulation units. Finally, unitholders should note that the FCP is an accumulation UCITS that does not provide for the distribution of dividends. Prior to subscribing to units of the FCP, unitholders unsure of their tax situation are advised to contact an adviser for further information about the specific tax treatment that will be applicable to them. Specific tax regime: Fund eligible for the French Equity Savings Plan (PEA - Plan d Epargne en Actions) 3 Prospectus

10 2.2 SPECIFIC PROVISIONS: Classification: Equities from eurozone countries Investment objective: The FCP s investment objective over the recommended investment period is to outperform its benchmark index by investing in companies from the eurozone, which combine financial profitability and the implementation of a policy that respects sustainable development criteria. Benchmark index: The FCP s benchmark index is the MSCI EMU, expressed in Euro for shares issued in Euro and in US Dollar for shares issued in US Dollar, and calculated excluding net dividends. The MSCI EMU index (Bloomberg ticker: MSEREMU Index) is composed of approximately 300 stocks from countries in the eurozone, selected based on their stock market capitalisation, transaction volumes and business sector. Weighted by country and business sector, the index endeavours to reflect, as far as possible, the economic structure of the eurozone. The index is calculated and published by MSCI Barra, and the data may be consulted at As the FCP does not use an index-based management strategy, its performance may differ substantially from the benchmark, which serves only as a comparison index. Investment strategy:. Strategies used: The FCP implements an active stock-picking management strategy, selecting stocks listed primarily on eurozone stock exchanges. At least 75% of the FCP will at all times be invested in equities and other securities eligible for the PEA (French equity savings plan), and at least 60% will be exposed to equities issued in one or more eurozone countries. Exposure to equities from countries outside the eurozone will not exceed 10% of the net assets. Up to 110% of the FCP s net assets may be exposed to equity risk. The Fund s investment strategy initially relies on the definition of an investment scope offering the highest possible financial performance potential, and then on a stock selection strategy that follows a sustainable development policy considered favourable when assessing the security over the duration, as calculated according to our internal rating of environmental, social and governance criteria. The FCP s management philosophy is to invest in companies whose strategic and operational choices are oriented towards a sustainable development perspective. In carrying out their business, such companies shall seek global performance simultaneously on an economic, financial, social, societal and environmental level while respecting and maintaining the trust of their internal and external stakeholders. Equities will be selected in accordance with the strategy described hereinafter: - Selection of the investment universe is first based on the use of quantitative filters making it possible to define the securities which shall be considered admissible and be subject to further analysis. The investment universe in which the FCP invests includes equities of all capitalisations; - external research is used to assist managers in conducting their own research on a reduced number of stocks included in the investment universe. External analysts are also subject to a selection process defined by the Management Company. - The shortlisted equities are then subject to a qualitative analysis in order to select the companies that best meet the sustainable development criteria. Companies shares are assessed against responsibility and performance criteria relating to environmental (E), social-societal (S) and corporate governance (G) factors. Depending on the Fund manager s expectations regarding the evolution of the equity markets, the FCP may invest up to 25% of its net assets in debt securities and money market instruments traded on eurozone 4 Prospectus

11 markets, or up to 10% in European markets outside of the eurozone. Such securities (rated at least "investment grade" (i.e. those for which the issuer default risk is lowest), but with no maximum duration) are selected according to their expected yield. Subject to a limit of 100% of the net assets, the FCP may invest in financial contracts traded on international regulated, organised or OTC markets.. The assets: o Equities: At least 75% of the FCP will at all times be invested in equities and other securities eligible for the PEA (French equity savings plan), and at least 60% will be exposed to equities issued in eurozone countries. Exposure to equities from countries outside the eurozone will not exceed 10% of the net assets. The securities selected may or may not carry voting rights. o Debt securities and money market instruments: The FCP may invest up to 25% of the net assets in fixed and/or variable rate debt securities or money market instruments issued by public or similar issuers as well as by corporate issuers on eurozone markets, without restriction in terms of maturity. These instruments shall be rated "investment grade" (i.e. for which the issuer default risk is the lowest), as defined by the independent ratings agencies. In the context of cash management, the assets of the FCP may comprise debt securities or bonds. Such instruments, with a residual duration of generally less than three months and without restriction in terms of allocation between public and private issuers, shall be issued by sovereign states, similar institutions or even by entities with a short-term rating equivalent or superior to A2 as awarded by Standard & Poor's or any other equivalent rating awarded by any other independent agency. o Shares or units of other UCITS or investment funds: The FCP may invest up to a maximum of 10% of its assets in units or shares of coordinated French or European UCITS regardless of their classification, including listed index UCITS (ETF) in order to diversify its exposure to other asset classes or intervene in more specific sectors (e.g. technology, health, environment). Within this limit, it may also invest in coordinated French or European index UCITS in order to increase exposure to the equity markets or diversify exposure to other asset classes (for example: funds invested in securities of companies in the commodity or real estate sectors). These UCITS and investment funds may be managed by companies of the Edmond de Rothschild Group. o Derivatives: Subject to a limit of 100% of the net assets, the FCP may invest in financial contracts traded on regulated, organised or OTC markets as follows: Equity options contracts, in order to both reduce equity volatility and increase the FCP s exposure to a limited number of equities; futures contracts, in order to manage equity exposure; forward currency contracts or currency swaps, in order to hedge exposure to specific currencies with respect to equities from outside the eurozone. Exposure to equity risk shall be limited to 110% of the net assets (mainly in cases of significant fluctuations in subscriptions/redemptions), while exposure to interest rate risk shall be limited to 25% of the net assets. o Embedded derivatives: The FCP may use securities with embedded derivatives up to the limit of 100% of the net assets. The strategy for using embedded derivatives is the same as that described for derivatives. For example, it includes warrants and other instruments already mentioned in the section entitled "Assets", which may be classified as securities with embedded derivatives depending on the evolution of the legislation. 5 Prospectus

12 o Deposits: None. o Cash borrowings: The Fund is not intended to be a cash borrower. However, a debtor position may exist at certain points due to transactions related to Fund flows (ongoing investments and divestments, subscription/redemption operations, etc.), up to the limit of 10% of the net assets. o Temporary purchases and sales of securities: In the interest of effective portfolio management and without diverting from its investment targets, the FCP may enter into repurchase agreements in accordance with article R of the Code monétaire et financier covering eligible financial securities or money market instruments, valued at up to 10% of its net assets. Additional information on the fees applicable to temporary purchases and sales of securities is provided in the section entitled Fees and Commissions. Risk profile The risk profile of the FCP is suitable for an investment horizon of over 5 years. Like any financial investment, potential investors should be aware that the value of the FCP's assets is subject to the fluctuations of the equity markets and that it may vary substantially. The Management Company cannot guarantee subscribers that they will not incur losses following an investment in the Fund. Additional information on these returns can be found under the heading Commissions and fees. Main risks:. Risk of capital loss: The UCITS does not guarantee or protect the capital invested; investors may therefore not get back the full amount of their initial capital invested even if they hold their units for the recommended investment period.. Discretionary management risk: The discretionary management style is based on expectations regarding the performance of the equity markets. However, the Fund may not be invested in the best-performing stocks at all times. The FCP s performance may therefore be lower than the investment objective, and a decline in its net asset value may lead to a negative performance.. Equity risk: The Fund manager seeks equities that may outperform the markets, in both rising and falling markets. In the event of a downturn of the equity markets, the net asset value of the FCP could drop. The FCP may have significant exposure to these markets (up to 110% of the net assets, mainly in the event of substantial fluctuations of subscriptions/redemptions); its value may fall faster than the markets. As its objective is to invest in companies of all capitalisations, the FCP may therefore invest in small capitalisation companies. Investors are reminded that the small capitalisation markets are intended for companies that, due to their specific characteristics, may represent a risk for investors.. Risk related to SRI (Socially Responsible Investment) selection: The selection of SRI securities may cause the FCP s performance and variation to differ from those of the benchmark index.. Interest rate risk: The presence of fixed-income products in the assets exposes the FCP to the effects of interest-rate fluctuations. Interest rate risk could result in a fall in the capital value of the FCP in the event of a sharp fluctuation of the interest rate curve.. Credit risk: The main risk is that of the issuer defaulting on payment, failing to pay the interest and/or repay the capital. Credit risk also relates to the downgrading of an issuer. Investors attention is drawn to the fact 6 Prospectus

13 that the FCP s net asset value may drop in the event of a total loss being recorded on an operation following a counterparty default. The presence of corporate bonds in the portfolio either directly or through UCITS exposes the FCP to the effects of changes in credit quality.. Currency risk on shares in the Fund denominated in a currency other than that of the Fund: Shareholders subscribing to the Fund in currencies other than the Fund s reference currency (Euro) are subject to foreign exchange risk. The value of the Fund s assets may fall if exchange rates vary, which may result in a fall in the net asset value (NAV) of the Fund. Secondary risk:. Currency risk: The capital may be exposed to currency risk where the securities or investments it is composed of are denominated in a currency other than that of the Fund. Currency risk is the risk of a reduction in the net asset value of the Fund when an investment is made in a currency other than the euro and such currency depreciates against the euro on the currency market. Exposure to currency risk through currencies other than those of the eurozone may not exceed 10% of the net assets. Targeted subscribers and typical investor profile: This FCP is intended for investors who wish to achieve greater returns on their savings by investing in eurozone companies which conduct an active sustainable development policy. A units are intended for all investors wishing to subscribe in Euro. I and R units are intended for legal entities with the capacity to make an initial subscription of EUR 500,000. Minimum initial subscription amount: - A units: 1 unit - I and R units: EUR 500,000 The units of this UCITS are not and will not be registered in the United States under the US Securities Act of 1933 as amended ( the 1933 Act ) or under any other law of the United States. These units may not be offered, sold or transferred to the United States (including its territories and possessions) or benefit, directly or indirectly, any US Person (as defined by regulation S of the 1933 Securities Act). The appropriate amount to be invested in this FCP shall depend on your personal situation. To determine their level of investment, investors are invited to seek professional advice in order to diversify their investments and to determine the proportion of their financial portfolio or their assets to be invested in this FCP bearing in mind, more specifically, the recommended investment period and exposure to the aforementioned risks, their personal assets, their needs and their own objectives. In all cases, unitholders must sufficiently diversify their portfolio so as not to be solely exposed to the risks of this FCP.. Recommended minimum investment period: > 5 years. Calculation and allocation of dividends: Distributable income Allocation of net income Allocation of net realised gains and losses A, I and R units Accumulation Accumulation For distribution units, the FCP s management company can decide to distribute one or more interim dividends based on financial positions certified by the auditor. 7 Prospectus

14 Frequency of distributions: Not applicable. Characteristics of the units The FCP consists of three unit classes: The A units are denominated in Euro. A, I and R units are issued in whole units and thousandths of units. Subscription and redemption procedures: - Date and frequency of the calculation of the net asset value: daily, with the exception of public holidays and days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.) - Initial net asset value of A units: it is equal to the NAV of the SAINT-HONORE PME SICAV at 9 February 2005, i.e. EUR Initial net asset value of I and R units: EUR Minimum initial subscription amount: A units: 1 unit I and R units: EUR 500,000 The management company can subscribe to only one unit. - Minimum subsequent subscription amount: A, I and R units: 1 thousandth of a unit, - Subscription and redemption procedures: Subscription and redemption requests are centralised each day before 12.30pm and are executed on the basis of the net asset value of the same date and calculated on the following business day. For tax purposes, conversions from one class of units to another are treated as a redemption transaction followed by a new subscription. Consequently, the tax regime applicable to each subscriber depends on the taxation provisions applicable to the subscriber s individual situation and/or the Fund's investment jurisdiction. In case of doubt, subscribers should contact their advisor to obtain information about the tax regime applicable to them. - Decimalisation: subscriptions/redemptions may be in whole units or thousandths of units. - Institutions authorised to receive subscription and redemption orders: LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE (delegated centraliser) 47 rue du Faubourg Saint-Honoré, PARIS CEDEX 08 CACEIS BANK LUXEMBOURG - 5 Allée Scheffer L-2520 Luxembourg Unitholders' attention is drawn to the fact that orders sent to Institutions responsible for receiving subscription and redemption orders must take into account the deadline for centralising orders that is applied to the Centraliser, LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE. Consequently, the other institutions named can apply their own deadline, earlier than that above, in order to take into account transmission times to LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE. - Place and method of publication of the net asset value: LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE 47 rue du Faubourg Saint-Honoré, PARIS CEDEX 08 Fees and expenses: - Subscription and redemption fees: Subscription fees increase the subscription amount paid by the investor, while redemption fees decrease the redemption proceeds paid to the investor. The fees charged by the FCP serve to offset the costs it incurs due to investing and disinvesting investors' monies. Fees which are not paid to the UCITS are attributed to the Management Company, the Promoter, etc. Fees payable by the investor on subscriptions Rate Basis and redemptions A, I and R units Subscription fee payable to third parties Net asset value x maximum 4.50% 8 Prospectus

15 Subscription fee payable to the FCP Number of units None Redemption fee payable to third parties Net asset value x None Redemption fee payable to the FCP Number of units None - Operating and management fees: These fees cover all the costs invoiced directly to the UCITS, except transaction costs. Transaction costs include intermediary fees (brokerage, local taxes, etc.) as well as transaction fees, if any, that may be charged by the Custodian and the Management Company, in particular. The following fees may be charged in addition to operating and management fees: Performance fees. Transaction fees invoiced to the UCITS. A portion of the income from temporary purchases or sales of securities. For more details about the fees charged to the UCITS, please refer to the Key Investor Information Document for the corresponding units. 9 Prospectus

16 Fees charged to the UCITS Management fees. The management fees include financial management fees and management fees outside the management company: custodian, appraiser and statutory auditor Outperformance fee (**) Transaction fees charged by service providers -Custodian: between 0% and 50% - Management company: between 50% and 100% Basis Net assets of the FCP Net assets of the FCP Deduction on each transaction Rate A units I units R units 2% maximum inclusive of tax (*) * Inclusive of all taxes. In this activity, the Management Company has not opted for VAT. (**) Outperformance fee 1% maximum inclusive of tax (*) 1.15% maximum inclusive of tax (*) 15% of the outperformance compared with its benchmark index expressed in Euro for None shares issued in Euro and in US Dollar for shares issued in US Dollar Variable according to the type of instrument. Specifically, in % maximum inclusive of tax - Equities, ETFs: 0.50% - French UCITS: 0% - Foreign UCITS: 0.50% - Corp. actions: 0% - Foreign coupons: 5% (minimum of 0 to 200 depending on the stock exchange where the instrument is listed) Outperformance fees are payable to the Management Company in accordance with the following procedure: - Benchmark index: MSCI EMU from 2 nd November 2011, expressed in Euro for shares issued in Euro and in US Dollar for those issued in US Dollar and calculated excluding net dividends. The benchmark index was previously the Stoxx Europe 600, excluding net dividends. - The outperformance fee is calculated by comparing the performance of the FCP with that of the benchmark index. - If the FCP outperforms the benchmark index, a provision of 15% net of taxes will be applied to the outperformance. - The reference periods end with the last net asset value in September. - The outperformance fees shall be accrued each time the net asset value is calculated. - This outperformance fee shall be paid annually after the calculation of the last net asset value of the reference period. No outperformance fee shall be accrued if the performance of the FCP over the calculation period is below that of the benchmark index. In the event of an underperformance, the accrued outperformance fees are readjusted by means of a reduction in the existing provision. Such reduction cannot exceed the amount already accrued. When units are redeemed, the portion of the outperformance fee corresponding to the redeemed units is definitively allocated to the management company In an exceptional case where a sub-custodian applies a transfer fee for a particular transaction not described in the provisions mentioned above, a description of the transaction and the transaction fees charged shall be specified in the management report of the UCITS. - Procedure for the selection of intermediaries: The manager selects intermediaries which must be included in the list of intermediaries held by the Management Company as part of the procedures of the Edmond de Rothschild Group. This list is compiled on the basis of objective criteria which specifically take into account the quality of services rendered and the fee schedules. - Calculation and allocation of the proceeds resulting from temporary purchases and sales of securities and any equivalent transaction under foreign law: Repurchase agreements are conducted via the intermediary of LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE according to the market conditions prevailing at the time of the transaction. 10 Prospectus

17 The Management Company does not receive any fees in relation to these transactions; such fees are paid to the Custodian. III. COMMERCIAL INFORMATION: Information for investors: Redemption and subscription orders in respect of units are centralised by: LA COMPAGNIE FINANCIÈRE EDMOND DE ROTHSCHILD BANQUE 47 rue du Faubourg Saint-Honoré, PARIS CEDEX 08 Telephone: +33 (0) Requests for information about the FCP may be sent to the promoter. Information relating to the consideration of the criteria concerning compliance with social, environmental and governance quality objectives in the management of this UCITS will appear on the website: and will be included in the UCITS annual report for the current financial year. IV. INVESTMENT RULES: In accordance with the provisions of the French Monetary and Financial Code (Code Monétaire et Financier) prevailing on the publication date of this Prospectus, the FCP is subject to the investment regulations applicable to UCITS in accordance with Directive 2009/65/EC. Method used to calculate the overall risk: the FCP uses the commitment method to calculate the Fund's overall risk ratio associated with financial contracts. Indicative level of leverage effect: none. The FCP does not intend to use financial contracts for leverage effect. V. ASSET VALUATION & ACCOUNTING RULES: Asset valuation rules: The net asset value per unit is calculated in accordance with the valuation rules specified below; the application procedures are set out in detail in the notes to the annual financial statements. The valuation is calculated on the basis of closing prices. - Securities traded on a French or foreign regulated market are valued at their market price. The reference market value is calculated in accordance with the terms and conditions determined by the Management Company and detailed in the notes to the annual financial statements; - Transferable debt instruments and similar securities that are not traded in large volumes are valued by means of an actuarial method; the rate used is that applied to issues of equivalent securities plus or minus, where applicable, a differential reflecting the issuer s specific characteristics. Nevertheless, transferable debt securities with low sensitivity and a residual maturity of less than or equal to three months may be valued using a linear method. The means of application of these rules is decided by the Management Company and set out in detail in the notes to the annual financial statements; - For transferable securities which have not been priced on the valuation day as well as for other balance sheet items, the Management Company corrects their valuation in order to take into account any likely event-driven fluctuations. Such decision is notified to the Auditor; - Transactions involving financial contracts (futures or options) traded on a French or foreign regulated market are valued at their market value according to the rules defined by the Management Company and set out in detail in the notes to the annual financial statements; - Transactions involving financial contracts (futures or options) or swaps concluded on over-the-counter markets authorised by UCITS regulations are valued at their market value or at a value estimated according to the provisions determined by the Management Company and are set out in detail in the notes to the annual financial statements. - SICAV shares and FCP units are valued either on the basis of the last known net asset value or last known market price on the valuation day. 11 Prospectus

18 Accounting method: The Fund has complied with the accounting rules laid down by the regulations in force and, in particular, with the accounting standards applicable to UCITS. The FCP has chosen the euro as its accounting currency. Interest income is recorded on the basis of cashed-in coupons. All transactions are recorded exclusive of fees. 12 Prospectus

19 Edmond de Rothschild Euro SRI MUTUAL FUND (FCP) MANAGEMENT REGULATIONS TITLE I ASSETS AND UNITS ARTICLE 1 Co-ownership units: The co-owners rights are represented by units, with each unit corresponding to the same fraction of the Fund s assets. Each unitholder has a co-ownership right in the assets of the Fund proportional to the number of units they hold. The term of the Fund is 99 years starting from its creation date, except in the event of early dissolution or extension as set forth in the present regulations. The Fund consists of three classes of units: A, I and R are all accumulation units. The governance body of the Management Company may decide that A, I and R units shall be split into thousandths, referred to as fractions of units. The provisions of the regulations governing the issue and redemption of units shall apply to fractions of units whose value shall always be proportionate to that of the units they represent. Unless otherwise provided, all other provisions of the regulations relating to units shall apply to fractions of units without any need to make a specific provision to that end. The various unit classes may bear different management fees or have a different face value. Finally, the governance body of the Management Company may decide, at its own discretion, to split the units by issuing new units which shall be allocated to unitholders in exchange for their existing units. The characteristics of the various unit classes and their eligibility requirements are specified in the Fund s prospectus. ARTICLE 2 Minimum capital: Units may not be redeemed if the assets of the FCP fall below EUR 300,000; if the assets remain below this amount for a period of thirty days, the Management Company shall make the necessary provisions to liquidate the UCITS concerned, or to carry out one of the operations mentioned in Article of the AMF General Regulation (transfer of the UCITS). ARTICLE 3 Subscription and redemption of units: Units are issued each time a subscription request is received on the basis of their net asset value plus a subscription fee, where applicable. Redemptions and subscriptions are executed under the conditions and according to the procedures defined in the prospectus. Units of the FCP may be admitted to an official stock exchange listing in accordance with the regulations in force. Subscriptions must be fully paid up on the day the net asset value is calculated. Subscriptions may be made in cash and/or by a contribution in kind in the form of transferable securities. The Management Company is entitled to refuse any securities offered and, for that purpose, must communicate its decision within seven days of the date on which the securities were tendered. If they are accepted, the securities contributed in kind are valued according to the rules laid down in article 4 and the subscription is based on the first net asset value following acceptance of the securities concerned. Redemptions are made exclusively in cash, except in the event of liquidation of the Fund when unitholders have agreed to be reimbursed in securities. The redemption price is paid by the issuer/custodian within five days of the valuation day of the units. However, if in exceptional circumstances the redemption requires the prior sale of assets held in the Fund, this deadline may be extended to a maximum of 30 days. 1 Management Regulations

20 With the exception of succession or an inter vivos gift, the sale or transfer of units between unitholders or unitholders and third parties is considered as a redemption followed by a subscription; if this involves a third party, the sale or transfer amount must, where applicable, be supplemented by the beneficiary in order to at least reach the minimum subscription amount stipulated by the prospectus. By application of article L of the Code Monétaire et Financier, the French Financial and Monetary code, the redemption of units by the FCP as well as the issue of new units may be suspended on a temporary basis by the Management Company in exceptional circumstances and if this is deemed necessary to protect the interests of the unitholders. When the net assets of the FCP have fallen below the minimum threshold set by the regulations, no redemptions may be carried out. ARTICLE 4 Calculation of the net asset value: The net asset value is calculated in accordance with the valuation rules specified in the prospectus. TITLE II MANAGEMENT OF THE FUND ARTICLE 5 - The Management Company: The Fund is managed by the Management Company in accordance with the Fund s investment objectives. The Management Company shall act in all circumstances on behalf of the unitholders and has the exclusive right to exercise the voting rights attached to the securities held in the Fund. ARTICLE 5 BIS Operating rules: The instruments and deposits in which the assets of the UCITS may be invested as well as the investment rules are described in the prospectus. ARTICLE 6 The Custodian: The Custodian shall perform the duties entrusted to it by the legal and statutory provisions in force, as well as those contractually entrusted to it. In the event of a dispute with the Management Company, it shall inform the AUTORITE DES MARCHES FINANCIERS. ARTICLE 7 - The Statutory Auditor: An Auditor has been appointed by the governance body of the Management Company for a term of six financial years with the approval of the AUTORITE DES MARCHES FINANCIERS. The Auditor carries out the checks and audits established by law and, in particular, certifies whenever necessary the fairness and regularity of the financial statements and of the accounting information contained in the management report. The Auditor s mandate may be renewed. The Auditor shall inform the AUTORITE DES MARCHES FINANCIERS and the Management Company of the FCP of any irregularities and misstatements observed during the course of his work. The Auditor shall supervise the valuation of the assets and the determination of exchange ratios used in the event of a conversion, merger or split. The Auditor shall review all contributions in kind and, as part of his responsibilities, shall establish a report on its valuation and consideration. The Auditor shall certify the accuracy of the composition of the assets and other information before any publication. The Auditor s fees are determined by mutual agreement between the Auditor and the board of directors or the governance body of the Management Company on the basis of an agenda indicating all duties deemed necessary. In the event of a liquidation, the Auditor shall value the amount of the assets and establish a report on the conditions of such liquidation. The Auditor certifies the financial statements serving as the basis for the payment of interim dividends. 2 Management Regulations