EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE)

Transcription

1 KEY INVESTOR INFORMATION This document provides you with key investor information about this UCITS. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this UCITS. You are advised to read it so you can make an informed decision about your possible investments. EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE) Share: A EUR -ISIN: FR UCITS, feeder fund of the master Sub-Fund of the SICAV under Luxembourg law Edmond de Rothschild Fund Europe Synergy (K EUR units), managed by Edmond de Rothschild Asset Management (France), part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The UCITS is a feeder fund of the master Sub- Fund Edmond de Rothschild Fund Europe Synergy (K EUR units). The performance of the feeder will be lower than the master because of own expense to foster. Investment objective of the master fund: The Sub-Fund s objective is to seek performance through exposure to equity markets, of European Union markets for at least 50%, by selecting securities on a discretionary basis in an investment scope comparable to the benchmark index. Benchmark Index: MSCI Europe, net dividend reinvested Investment policy: The UCITS s assets shall be fully and permanently invested in K EUR units of the Sub-Fund Edmond de Rothschild Fund Europe Synergy, the investment strategy of which is provided below. It shall also invest in cash on an ancillary basis. Its performance shall differ from that of the master fund due to the fees payable by the feeder fund. The risk and reward profile of the feeder fund is the same than the one of the master fund. Investment strategy of the master fund: The Sub-Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets from the European Union for at least 50%, without stock market capitalisation distinctions.the Sub-Fund s portfolio aims to consistently meet the eligibility criteria of the French shareholder savings plan PEA (plan d épargne en actions). Between 75% and 110% of the Sub-Fund s net assets will be exposed to equities from countries of the European Union, directly and/or via UCI and/or through the use of financial contracts. The Sub-Fund may also invest up to 25% of its net assets in European securities from outside the European Union, notably member countries of the European Free Trade Association (EFTA), European Economic Area RISK AND REWARD PROFILE Lower risk potentially lower return Higher risk potentially higher return This rating system is based on the average fluctuations of the net asset value over the past five years, that is the scale of variation of the whole portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historic data such as those used to calculate the synthetic indicator may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a safe investment. This UCITS is rated in category 5, in line with the type of securities and geographic regions detailed under the heading Objectives and investment policy", as well as the currency of the unit. member countries and European countries that are candidates for membership in the European Union. For cash management purposes, the Sub-Fund may invest up to 25% of its net assets in transferable debt securities and Money Market Instruments, denominated in euro. The Sub-Fund will seek issues from public or private issuers that are rated Investment Grade at the time of purchase (i.e. which rating are higher than or equal to BBBaccording to Standard & Poor s, or an equivalent rating attributed by another independent agency, or a deemed equivalent rating attributed by the Investment Manager for non-rated securities, with a short-term maturity of less than three months, or convertible bonds. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund will not invest in embedded derivatives. Moreover, up to the limit of 10% of the net assets, the Sub-Fund may invest in units or shares of UCITS or other eligible Investment Funds. AMF Classification: International Equity Recommended holding period more than 5 years Frequency of share buying or selling: The net asset value is calculated daily, with the exception of public holidays in France, days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), days on which the Luxembourg markets are closed, of 24 December (Chrismas Eve) and Good Friday, for all orders received by the transfer agent before a.m. on each NAV calculation day, at that day s net asset value. Income allocation: Accumulation Allocation of net realised gains: Accumulation Significant risks not taken into account in this indicator : Credit risk: risk that the issuer of the bonds or money market securities may not be able to meet its obligations or that its credit rating may be downgraded. Liquidity risk: risk linked to the low level of liquidity on the underlying markets, which makes them sensitive to significant purchase/sale trends. Derivative exposure: the use of derivatives may cause a greater drop in the value of net assets than the drop in the value of the investment markets. Counterparty risk: this is the risk of a market participant defaulting on its financial obligations towards your portfolio. The occurrence of any of these risks may negatively impact the net asset value. Subscription/redemption conditions of the master Sub-Fund Edmond de Rothschild Fund Europe Synergy, in which your fund will be investing, are detailed in the prospectus of Edmond de Rothschild Fund Europe Synergy under the part Subscription and redemption procedures.

2 FEES Charges and fees paid to cover the operating costs of the UCITS, including the cost of marketing and distributing units. These costs reduce the potential growth of investments. One-off charges deducted before or after you invest Entry charge Exit charge Charges deducted from the fund over a year* 4,50% Ongoing charges Unit A EUR 1,89%* Charges deducted from the fund under certain conditions This is the maximum percentage that could be deducted from your capital before it is invested or paid out. Your adviser or distributor can tell you the actual amount of entry and exit charges. In certain cases the investor might pay less. * The figure is based on expenses calculated at the end of March This figure may vary from one year to another. It excludes: performance fees and portfolio transaction costs, except entry and exit charges paid by the UCITS when buying or selling units in another undertaking for collective investment (UCI). Performance fee More detailed information about expenses may be found under the "Fees and Expenses" heading in the prospectus, including information on performance fees and their calculation, and is available on the website. PAST PERFORMANCE 40 35, ,20 19,61 19, ,00 16,98 13,38 6,84 9,57 10, ,00 5,86 8,22 2,58 7,03 0 2, ,90-10, , , Unit Benchmark index PRACTICAL INFORMATION Unit creation date: 12/11/2012 Past performance is not an indication of future performance. It may vary over time. Reported performance does not take into account costs and fees on issues and redemptions of units, but does include ongoing charges and intermediary fees as well as any performance fees charged. Performance calculations are made in Euro with net dividends reinvested. Performances prior to the inception date of this share are simulated performances which have been chained with performances of the master fund, restated for management fees levied on the share. The figures refer to simulated past performance. From 22/01/2016, the AIF will be a feeder of a Luxembourg fund. Custodian: Taxsystem: EDMOND DE ROTHSCHILD (FRANCE) French tax legislation can influence the investor's personal tax situation. If the master fund is not established in the same Member State as the feeder AIF, this may have an impact on the tax treatment of the feeder AIF. The UCITS' prospectus, latest annual report and all subsequent half-year reports (in French and English) as well as those of the master fund can be requested in writing free of charge from the address below. The price of units and information about the other categories of units are also available on the website. Detailed information on the remuneration policy established by the Management Company, including a description of the method used to calculate remuneration and benefits, is available online at A written copy of the policy is available free of charge from the Management Company upon request. EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact-am-fr@edr.com Germany/Austria Spain Contact-am-de@edr.com Contact-am-es@edr.com Edmond de Rothschild Asset Management (France) may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the UCITS prospectus. This UCITS is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). Edmond de Rothschild Asset Management (France) is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: The UCITS and its units are not and shall not be registered in the US under the Securities Act of 1933 or any other United States regulation. They cannot be offered or sold for the benefit or on behalf of a "U.S. Person" as defined by "Regulation S".

3 KEY INVESTOR INFORMATION This document provides you with key investor information about this UCITS. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this UCITS. You are advised to read it so you can make an informed decision about your possible investments. EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE) Share: A USD -ISIN: FR UCITS, feeder fund of the master Sub-Fund of the SICAV under Luxembourg law Edmond de Rothschild Europe Synergy (K EUR units), managed by Edmond de Rothschild Asset Management (France), part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The UCITS is a feeder fund of the master Sub- Fund Edmond de Rothschild Fund Europe Synergy (K EUR units). The performance of the feeder will be lower than the master because of own expense to foster. Investment objective of the master fund: The Sub-Fund s objective is to seek performance through exposure to equity markets, of European Union markets for at least 50%, by selecting securities on a discretionary basis in an investment scope comparable to the benchmark index. Benchmark Index: MSCI Europe, net dividend reinvested Investment policy: The UCITS s assets shall be fully and permanently invested in K EUR units of the Sub-Fund Edmond de Rothschild Fund Europe Synergy, the investment strategy of which is provided below. It shall also invest in cash on an ancillary basis. Its performance shall differ from that of the master fund due to the fees payable by the feeder fund. The risk and reward profile of the feeder fund is the same than the one of the master fund. Investment strategy of the master fund: The Sub-Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets from the European Union for at least 50%, without stock market capitalisation distinctions. The Sub-Fund s portfolio aims to consistently meet the eligibility criteria of the French shareholder savings plan PEA (plan d épargne en actions). Between 75% and 110% of the Sub-Fund s net assets will be exposed to equities from countries of the European Union, directly and/or via UCI and/or through the use of financial contracts. The Sub-Fund may also invest up to 25% of its net assets in European securities from outside the European Union, notably member countries of the European Free Trade Association (EFTA), European Economic Area RISK AND REWARD PROFILE Lower risk potentially lower return Higher risk potentially higher return This rating system is based on the average fluctuations of the net asset value over the past five years, that is the scale of variation of the whole portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historic data such as those used to calculate the synthetic indicator may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a safe investment. This UCITS is rated in category 5, in line with the type of securities and geographic regions detailed under the heading Objectives and investment policy", as well as the currency of the unit. member countries and European countries that are candidates for membership in the European Union. For cash management purposes, the Sub-Fund may invest up to 25% of its net assets in transferable debt securities and Money Market Instruments, denominated in euro. The Sub-Fund will seek issues from public or private issuers that are rated Investment Grade at the time of purchase (i.e. which rating are higher than or equal to BBBaccording to Standard & Poor s, or an equivalent rating attributed by another independent agency, or a deemed equivalent rating attributed by the Investment Manager for non-rated securities, with a short-term maturity of less than three months, or convertible bonds. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund will not invest in embedded derivatives. Moreover, up to the limit of 10% of the net assets, the Sub-Fund may invest in units or shares of UCITS or other eligible Investment Funds. AMF Classification: International Equity Recommended holding period more than 5 years Frequency of share buying or selling: The net asset value is calculated daily, with the exception of public holidays in France, days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), days on which the Luxembourg markets are closed, of 24 December (Chrismas Eve) and Good Friday, for all orders received by the transfer agent before a.m. on each NAV calculation day, at that day s net asset value. Income allocation: Accumulation Allocation of net realised gains: Accumulation Significant risks not taken into account in this indicator : Credit risk: risk that the issuer of the bonds or money market securities may not be able to meet its obligations or that its credit rating may be downgraded Liquidity risk: risk linked to the low level of liquidity on the underlying markets, which makes them sensitive to significant purchase/sale trends. Derivative exposure: the use of derivatives may cause a greater drop in the value of net assets than the drop in the value of the investment markets Counterparty risk: this is the risk of a market participant defaulting on its financial obligations towards your portfolio. The occurrence of any of these risks may negatively impact the net asset value. Subscription/redemption conditions of the master Sub-Fund Edmond de Rothschild Fund Europe Synergy, in which your fund will be investing, are detailed in the prospectus of Edmond de Rothschild Fund Europe Synergy under the part Subscription and redemption procedures.

4 FEES Charges and fees paid to cover the operating costs of the UCITS, including the cost of marketing and distributing units. These costs reduce the potential growth of investments. One-off charges deducted before or after you invest Entry charge Exit charge Charges deducted from the fund over a year* 4,50% Ongoing charges Unit A USD 1,89%* Charges deducted from the fund under certain conditions This is the maximum percentage that could be deducted from your capital before it is invested or paid out. Your adviser or distributor can tell you the actual amount of entry and exit charges. In certain cases the investor might pay less. * The figure is based on expenses calculated at the end of March This figure may vary from one year to another. It excludes: performance fees and portfolio transaction costs, except entry and exit charges paid by the UCITS when buying or selling units in another undertaking for collective investment (UCI). Performance fee More detailed information about expenses may be found under the "Fees and Expenses" heading in the prospectus, including information on performance fees and their calculation, and is available on the website. PAST PERFORMANCE ,90 31, ,23 25,51 20,30 22,41 21, ,20 12, ,79 1,00-0, ,04-1,64-10,90-6,18-2, , ,70-48, Unit Benchmark index PRACTICAL INFORMATION Unit creation date: 12/11/2012 Past performance is not an indication of future performance. It may vary over time. Reported performance does not take into account costs and fees on issues and redemptions of units, but does include ongoing charges and intermediary fees as well as any performance fees charged. Performance calculations are made in USD with net dividends reinvested. Performances prior to the inception date of this share are simulated performances which have been chained with performances of the master fund, restated for management fees levied on the share. The figures refer to simulated past performance. From 22/01/2016, the AIF will be a feeder of a Luxembourg fund. Custodian: Taxsystem: EDMOND DE ROTHSCHILD (FRANCE) French tax legislation can influence the investor's personal tax situation. If the master fund is not established in the same Member State as the feeder AIF, this may have an impact on the tax treatment of the feeder AIF. The UCITS' prospectus, latest annual report and all subsequent half-year reports (in French and English) as well as those of the master fund can be requested in writing free of charge from the address below. The price of units and information about the other categories of units are also available on the website. Detailed information on the remuneration policy established by the Management Company, including a description of the method used to calculate remuneration and benefits, is available online at A written copy of the policy is available free of charge from the Management Company upon request. EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact-am-fr@edr.com Germany/Austria Spain Contact-am-de@edr.com Contact-am-es@edr.com Edmond de Rothschild Asset Management (France) may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the UCITS prospectus. This UCITS is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). Edmond de Rothschild Asset Management (France) is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: The UCITS and its units are not and shall not be registered in the US under the Securities Act of 1933 or any other United States regulation. They cannot be offered or sold for the benefit or on behalf of a "U.S. Person" as defined by "Regulation S".

5 KEY INVESTOR INFORMATION This document provides you with key investor information about this UCITS. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this UCITS. You are advised to read it so you can make an informed decision about your possible investments. EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE) Share: I EUR -ISIN: FR UCITS, feeder fund of the master Sub-Fund of the SICAV under Luxembourg law Edmond de Rothschild Fund Europe Synergy (K EUR units), managed by Edmond de Rothschild Asset Management (France), part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The UCITS is a feeder fund of the master Sub- Fund Edmond de Rothschild Fund Europe Synergy (K EUR units). The performance of the feeder will be lower than the master because of own expense to foster. Investment objective of the master fund: The Sub-Fund s objective is to seek performance through exposure to equity markets, of European Union markets for at least 50%, by selecting securities on a discretionary basis in an investment scope comparable to the benchmark index. Benchmark Index: MSCI Europe, net dividend reinvested Investment policy: The UCITS s assets shall be fully and permanently invested in K EUR units of the Sub-Fund Edmond de Rothschild Fund Europe Synergy, the investment strategy of which is provided below. It shall also invest in cash on an ancillary basis. Its performance shall differ from that of the master fund due to the fees payable by the feeder fund. The risk and reward profile of the feeder fund is the same than the one of the master fund. Investment strategy of the master fund: The Sub-Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets from the European Union for at least 50%, without stock market capitalisation distinctions. The Sub-Fund s portfolio aims to consistently meet the eligibility criteria of the French shareholder savings plan PEA (plan d épargne en actions). Between 75% and 110% of the Sub-Fund s net assets will be exposed to equities from countries of the European Union, directly and/or via UCI and/or through the use of financial contracts. The Sub-Fund may also invest up to 25% of its net assets in European securities from outside the European Union, notably member countries of the European Free Trade Association (EFTA), European Economic Area RISK AND REWARD PROFILE member countries and European countries that are candidates for membership in the European Union. For cash management purposes, the Sub-Fund may invest up to 25% of its net assets in transferable debt securities and Money Market Instruments, denominated in euro. The Sub-Fund will seek issues from public or private issuers that are rated Investment Grade at the time of purchase (i.e. which rating are higher than or equal to BBBaccording to Standard & Poor s, or an equivalent rating attributed by another independent agency, or a deemed equivalent rating attributed by the Investment Manager for non-rated securities, with a short-term maturity of less than three months, or convertible bonds. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund will not invest in embedded derivatives. Moreover, up to the limit of 10% of the net assets, the Sub-Fund may invest in units or shares of UCITS or other eligible Investment Funds. AMF Classification: International Equity Recommended holding period more than 5 years Frequency of share buying or selling: The net asset value is calculated daily, with the exception of public holidays in France, days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), days on which the Luxembourg markets are closed, of 24 December (Chrismas Eve) and Good Friday, for all orders received by the transfer agent before a.m. on each NAV calculation day, at that day s net asset value. Income allocation: Accumulation Allocation of net realised gains: Accumulation Lower risk potentially lower return Higher risk potentially higher return This rating system is based on the average fluctuations of the net asset value over the past five years, that is the scale of variation of the whole portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historic data such as those used to calculate the synthetic indicator may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a safe investment. This UCITS is rated in category 5, in line with the type of securities and geographic regions detailed under the heading Objectives and investment policy", as well as the currency of the unit. Significant risks not taken into account in this indicator : Credit risk: risk that the issuer of the bonds or money market securities may not be able to meet its obligations or that its credit rating may be downgraded. Liquidity risk: risk linked to the low level of liquidity on the underlying markets, which makes them sensitive to significant purchase/sale trends. Derivative exposure: the use of derivatives may cause a greater drop in the value of net assets than the drop in the value of the investment markets Counterparty risk: this is the risk of a market participant defaulting on its financial obligations towards your portfolio. The occurrence of any of these risks may negatively impact the net asset value. Subscription/redemption conditions of the master Sub-Fund Edmond de Rothschild Fund Europe Synergy, in which your fund will be investing, are detailed in the prospectus of Edmond de Rothschild Fund Europe Synergy under the part Subscription and redemption procedures.

6 FEES Charges and fees paid to cover the operating costs of the UCITS, including the cost of marketing and distributing units. These costs reduce the potential growth of investments. One-off charges deducted before or after you invest Entry charge Exit charge Charges deducted from the fund over a year* 4,50% Ongoing charges Unit I EUR 1,14%* Charges deducted from the fund under certain conditions This is the maximum percentage that could be deducted from your capital before it is invested or paid out. Your adviser or distributor can tell you the actual amount of entry and exit charges. In certain cases the investor might pay less. * The figure is based on expenses calculated at the end of March This figure may vary from one year to another. It excludes: performance fees and portfolio transaction costs, except entry and exit charges paid by the UCITS when buying or selling units in another undertaking for collective investment (UCI). Performance fee More detailed information about expenses may be found under the "Fees and Expenses" heading in the prospectus, including information on performance fees and their calculation, and is available on the website. PAST PERFORMANCE ,50 27,20 19,82 20,90 19,60 17,85 8,22 13,40 6,84 8,00 10,38 6,86-7,20-10,90-34,00-45,50 10,24 7,82 2,95 2, Unit Benchmark index Unit creation date: 12/11/2012 Past performance is not an indication of future performance. It may vary over time. Reported performance does not take into account costs and fees on issues and redemptions of units, but does include ongoing charges and intermediary fees as well as any performance fees charged. Performance calculations are made in Euro with net dividends reinvested. Performances prior to the inception date of this share are simulated performances which have been chained with performances of the master fund, restated for management fees levied on the share. The figures refer to simulated past performance. From 22/01/2016, the AIF will be a feeder of a Luxembourg fund. PRACTICAL INFORMATION Custodian: Taxsystem: Edmond de Rothschild (France) French tax legislation can influence the investor's personal tax situation. If the master fund is not established in the same Member State as the feeder AIF, this may have an impact on the tax treatment of the feeder AIF. The UCITS' prospectus, latest annual report and all subsequent half-year reports (in French and English) as well as those of the master fund can be requested in writing free of charge from the address below. The price of units and information about the other categories of units are also available on the website. Detailed information on the remuneration policy established by the Management Company, including a description of the method used to calculate remuneration and benefits, is available online at A written copy of the policy is available free of charge from the Management Company upon request. EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact-am-fr@edr.com Germany/Austria Spain Contact-am-de@edr.com Contact-am-es@edr.com Edmond de Rothschild Asset Management (France) may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the UCITS prospectus. This UCITS is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). Edmond de Rothschild Asset Management (France) is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: The UCITS and its units are not and shall not be registered in the US under the Securities Act of 1933 or any other United States regulation. They cannot be offered or sold for the benefit or on behalf of a "U.S. Person" as defined by "Regulation S".

7 KEY INVESTOR INFORMATION This document provides you with key investor information about this UCITS. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this UCITS. You are advised to read it so you can make an informed decision about your possible investments. EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE) Share: I USD -ISIN: FR UCITS, feeder fund of the master Sub-Fund of the SICAV under Luxembourg law Edmond de Rothschild Fund Europe Synergy (K EUR units), managed by Edmond de Rothschild Asset Management (France), part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The UCITS is a feeder fund of the master Sub- Fund Edmond de Rothschild Fund Europe Synergy (K EUR units). The performance of the feeder will be lower than the master because of own expense to foster. Investment objective of the master fund: The Sub-Fund s objective is to seek performance through exposure to equity markets, of European Union markets for at least 50%, by selecting securities on a discretionary basis in an investment scope comparable to the benchmark index. Benchmark Index: MSCI Europe, net dividend reinvested Investment policy: The UCITS s assets shall be fully and permanently invested in K EUR units of the Sub-Fund Edmond de Rothschild Fund Europe Synergy, the investment strategy of which is provided below. It shall also invest in cash on an ancillary basis. Its performance shall differ from that of the master fund due to the fees payable by the feeder fund. The risk and reward profile of the feeder fund is the same than the one of the master fund. Investment strategy of the master fund: The Sub-Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets from the European Union for at least 50%, without stock market capitalisation distinctions. The Sub-Fund s portfolio aims to consistently meet the eligibility criteria of the French shareholder savings plan PEA (plan d épargne en actions). Between 75% and 110% of the Sub-Fund s net assets will be exposed to equities from countries of the European Union, directly and/or via UCI and/or through the use of financial contracts. The Sub-Fund may also invest up to 25% of its net assets in European securities from outside the European Union, notably member countries of the European Free Trade Association (EFTA), European Economic Area member countries and European countries that are candidates for membership in the European Union. For cash management purposes, the Sub-Fund may invest up to 25% of its net assets in transferable debt securities and Money Market Instruments, denominated in euro. The Sub-Fund will seek issues from public or private issuers that are rated Investment Grade at the time of purchase (i.e. which rating are higher than or equal to BBBaccording to Standard & Poor s, or an equivalent rating attributed by another independent agency, or a deemed equivalent rating attributed by the Investment Manager for non-rated securities, with a short-term maturity of less than three months, or convertible bonds. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund may also invest up to 100% of its net assets in OTC Derivatives or financial contracts traded on a Regulated Market or Other Regulated Market. The Sub-Fund will not invest in embedded derivatives. Moreover, up to the limit of 10% of the net assets, the Sub-Fund may invest in units or shares of UCITS or other eligible Investment Funds AMF Classification: International Equity Recommended holding period more than 5 years Frequency of share buying or selling: The net asset value is calculated daily, with the exception of public holidays in France, days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), days on which the Luxembourg markets are closed, of 24 December (Chrismas Eve) and Good Friday, for all orders received by the transfer agent before a.m. on each NAV calculation day, at that day s net asset value. Income allocation: Accumulation Allocation of net realised gains: Accumulation RISK AND REWARD PROFILE Lower risk potentially lower return Higher risk potentially higher return This rating system is based on the average fluctuations of the net asset value over the past five years, that is the scale of variation of the whole portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historic data such as those used to calculate the synthetic indicator may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a safe investment. This UCITS is rated in category 5, in line with the type of securities and geographic regions detailed under the heading Objectives and investment policy", as well as the currency of the unit. Significant risks not taken into account in this indicator : Credit risk: risk that the issuer of the bonds or money market securities may not be able to meet its obligations or that its credit rating may be downgraded. Liquidity risk: risk linked to the low level of liquidity on the underlying markets, which makes them sensitive to significant purchase/sale trends. Derivative exposure: the use of derivatives may cause a greater drop in the value of net assets than the drop in the value of the investment markets Counterparty risk: this is the risk of a market participant defaulting on its financial obligations towards your portfolio. The occurrence of any of these risks may negatively impact the net asset value. Subscription/redemption conditions of the master Sub-Fund Edmond de Rothschild Fund Europe Synergy, in which your fund will be investing, are detailed in the prospectus of Edmond de Rothschild Fund Europe Synergy under the part Subscription and redemption procedures.

8 FEES Charges and fees paid to cover the operating costs of the UCITS, including the cost of marketing and distributing units. These costs reduce the potential growth of investments. One-off charges deducted before or after you invest Entry charge Exit charge Charges deducted from the fund over a year* 4,50% Ongoing charges Unit I USD 1,14%* Charges deducted from the fund under certain conditions This is the maximum percentage that could be deducted from your capital before it is invested or paid out. Your adviser or distributor can tell you the actual amount of entry and exit charges. In certain cases the investor might pay less. * The figure is based on expenses calculated at the end of March This figure may vary from one year to another. It excludes: performance fees and portfolio transaction costs, except entry and exit charges paid by the UCITS when buying or selling units in another undertaking for collective investment (UCI). Performance fee More detailed information about expenses may be found under the "Fees and Expenses" heading in the prospectus, including information on performance fees and their calculation, and is available on the website. PAST PERFORMANCE ,20-48,20 40,90 31,20 13,00 1,00-10,20-13,80 25,23 21,10 22,73 15,20-6,34 6,18-0,91-0,26-2,84-0,40 25,51 22, Unit PRACTICAL INFORMATION Custodian: Taxsystem: Benchmark index Edmond de Rothschild (France) French tax legislation can influence the investor's personal tax situation. If the master fund is not established in the same Member State as the feeder AIF, this may have an impact on the tax treatment of the feeder AIF. The UCITS' prospectus, latest annual report and all subsequent half-year reports (in French and English) as well as those of the master fund can be requested in writing free of charge from the address below. The price of units and information about the other categories of units are also available on the website. Detailed information on the remuneration policy established by the Management Company, including a description of the method used to calculate remuneration and benefits, is available online at A written copy of the policy is available free of charge from the Management Company upon request. EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Germany/Austria Unit creation date: 12/11/2012 Spain Past performance is not an indication of future performance. It may vary over time. Reported performance does not take into account costs and fees on issues and redemptions of units, but does include ongoing charges and intermediary fees as well as any performance fees charged. Performance calculations are made in USD with net dividends reinvested. Performances prior to the inception date of this share are simulated performances which have been chained with performances of the master fund, restated for management fees levied on the share. The figures refer to simulated past performance. From 22/01/2016, the AIF will be a feeder of a Luxembourg fund. Phone : 33 (0) contact-am-fr@edr.com Contact-am-de@edr.com Contact-am-es@edr.com Edmond de Rothschild Asset Management (France) may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the UCITS prospectus. This UCITS is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). Edmond de Rothschild Asset Management (France) is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: The UCITS and its units are not and shall not be registered in the US under the Securities Act of 1933 or any other United States regulation. They cannot be offered or sold for the benefit or on behalf of a "U.S. Person" as defined by "Regulation S".

9 UCITS Governed by European Directive 2009/65/CE PROSPECTUS I. GENERAL FEATURES: Name: Edmond de Rothschild Synergy Europe Legal form and member state in which the UCITS was established: Mutual Fund (fonds commun de placement - FCP) under French law. The UCITS is a feeder fund of the master Sub-Fund of the SICAV under Luxembourg law Edmond de Rothschild Fund Europe Synergy (K EUR units). Date created and expected term: This UCITS was approved by the AUTORITE DES MARCHES FINANCIERS (French Financial Markets Authority) on 2012, 5 th October. This UCITS was created on 2012, 12 th November for a period of 99 years. Summary of the management offer: The UCITS has four unit classes. The UCITS does not have any sub-funds. Type of units ISIN code A EUR FR A USD FR I EUR FR Allocation of distributable income Net income: Accumulation Net capital gains realised: Accumulation Net income: Accumulation Net capital gains realised: Accumulation Net income: Accumulation Net capital gains realised: Accumulation Net income: Accumulation Base currency Minimum initial subscription amount* Subsequent subscription amount Target investors EURO 1 unit 1 thousandth of unit All investors USD 1 unit 1 thousandth of unit All investors EURO 1 unit 1 thousandth of unit All investors I USD FR Net capital USD 1 unit 1 thousandth of unit All investors gains realised: Accumulation * The minimum initial subscription amount does not apply to the subscription that could be made by the Management Company, the Depositary or entities from the same group. 1 Prospectus

10 Address at which the latest annual and periodic reports are available: The latest annual and interim reports shall be sent to unitholders within eight days of receipt of a written request sent to the Management Company, Edmond de Rothschild Asset Management (France), 47 Rue du Faubourg Saint-Honoré, Paris Cedex 08, France The information reports of the master Sub-Fund Edmond de Rothschild Fund Europe Synergy under Luxembourg law, approved by the Commission de Surveillance du Secteur Financier, are available at the following address : Edmond de Rothschild Asset Management (France), 47 rue du Faubourg Saint Honoré Paris Cedex 08, website. II. PROVIDERS: Management Company: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) A public limited company (société anonyme) with Executive and Supervisory Boards, approved as an asset management company by the AMF on 15 April 2004 under number GP Registered office: 47 Rue du Faubourg Saint-Honoré, Paris Cedex 08, France Custodian: EDMOND DE ROTHSCHILD (FRANCE) A public limited company (société anonyme) with Executive and Supervisory Boards, approved by the Banque de France-CECEI (French Credit Institutions and Investment Firms Committee) as a credit institution on 28 September Registered office: 47 rue du Faubourg Saint-Honoré, Paris Cedex 08, France Description of the custodian s duties: Edmond de Rothschild (France) performs the duties defined by the applicable regulations, namely: Safekeeping of the UCITS assets, Checking that the Management Company s decisions are lawful, Monitoring the UCITS cash flows. Control and management of conflicts of interest: The custodian EdR (France) and the Management Company EdRAM (France) both belong to the Edmond de Rothschild Group. In accordance with the applicable regulations, they have each implemented policies and procedures that are appropriate to their size, their organisation and the nature of their activities, in order to take reasonable steps intended to prevent conflicts of interest that may result from this link. Delegatees: The custodian has delegated the custody of financial securities to the sub-custodian, CACEIS Bank. The description of the delegated custodian duties, the list of sub-custodians of CACEIS Bank and information relating to conflicts of interest that may result from these delegations are available on the CACEIS website: Updated information is made available to investors within eight business days upon written request to the Custodian. Delegated centraliser: As delegated, EDMOND DE ROTHSCHILD (FRANCE) 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. 2 Prospectus

11 Institution delegated with the task of maintaining the issuing account: EDMOND DE ROTHSCHILD (FRANCE) A limided company (Société Anonyme) 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 Cedex 08 Sub-custodian: CACEIS Bank A limited compagny (Société Anonyme) 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: 1-3, place Valhubert Paris, France Acting on behalf of the Custodian, the Sub-custodian is responsible for the safekeeping of the units of the UCITS, 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 UCITS (corporate actions, collection of income). Independent Auditor: PRICEWATERHOUSECOOPERS AUDIT Registered office: 63, rue de Villiers Neuilly sur Seine Authorised signatory: Mr Frédéric SELLAM Promoter: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) A limited compagny (Société anonyme) with Executive and Supervisory Boards, approved by the AMF as an asset management company on 15 April 2004, under number GP Registered Office : 47 rue du Faubourg Saint-Honoré Paris Cedex 08 Telephone : contact@edram.fr Fax : Site internet : Edmond de Rothschild Asset Management oversees promotion of the Fund and may delegate the actual marketing activities to a third party of its choice. The Management Company is not aware of the identity of all Fund unit promoters, which are permitted to act without any official agreement. Regardless of which company is ultimately appointed promoter, Edmond de Rothschild Asset Management s sales personnel are available to provide information or answer any questions that unitholders might have about the Fund. These personnel may be contacted at the company s registered offices. The UCITS will be only promoted outside France. Delegation of the Fund s administration (excluding maintenance of the issuing account): EDMOND DE ROTHSCHILD INVESTORS ASSISTANCE Economic Interest Grouping (Groupement d Intérêt Economique GIE) Registered office : 47 rue du Faubourg Saint-Honoré, Paris Cedex 08 The Management Company Edmond de Rothschild Asset Management (France) is a member of the Edmond de Rothschild Investors Assistance to which it delegates the UCITS s administrative management in compliance with the terms defined in the partnership s charter 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. 3 Prospectus

12 Delegation of the Fund s accounting: CACEIS FUND ADMINISTRATION A limited company (société anonyme) 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. Institutions authorised to receive subscription and redemption orders in France: EDMOND DE ROTHSCHILD (FRANCE) 47 rue du Faubourg Saint-Honoré Paris Cedex 08 CACEIS Bank, Luxembourg Branch 5 Allée Scheffer L-2520 Luxembourg III. OPERATING AND MANAGEMENT PROCEDURES: 3.1 GENERAL CHARACTERISTICS: Unit characteristics : - ISIN codes: A EUR unit: FR A USD unit: FR I EUR unit: FR I USD unit: FR Rights: the Fund 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 Fund in proportion to the number of units they hold. - Entry on 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 Fund are taken by the Management Company. - Type of units: bearer units. Units are issued in unit or thousandths of a unit in bearer form. Year-end: Last trading day of March. Taxation: Since mutual funds have a co-ownership structure, they are automatically exempt from corporate tax and are deemed to be transparent. 4 Prospectus