Awards, Awards
17/04/2025

At the LSEG Lipper Fund Awards 20251, the Edmond de Rothschild Fund Emerging Credit, a bond fund dedicated to emerging corporate debt, was recognized for its consistent and regular performance over 10 years2 in the "Bond Emerging Markets Global Corporates" category, both on European scale and within four countries: Switzerland, Germany, Austria, and France. In addition, the two fund managers of Edmond de Rothschild Fund Emerging Credit, Stéphane Mayor and Lisa Turk3, received an AAA rating in the "Global Corporate Emerging Markets Bonds" category by Citywire4.

Our recognized expertise in emerging debt is based on in-depth knowledge of companies and the conviction that corporate fundamentals drive long-term performance. The Edmond de Rothschild Fund Emerging Credit holds one of the longest track records in the emerging corporate debt market. The team's consistent results demonstrate that extensive market experience allows successful navigation through volatility waves and quick adaptation to macroeconomic and geopolitical changes, while capturing investment opportunities.

Furthermore, Edmond de Rothschild Fund Emerging Credit offers significant diversification in terms of geographies and sectors, helping to reduce the risks related to local economic shocks while capturing attractive returns. The fund primarily focuses on USD-denominated bonds in order to minimize currency risks. Additionally, the integration of environmental, social, and governance (ESG) criteria, through our "best-in-universe"5 approach, enables us to identify and mitigate ESG-related risks.

This recognition reflects the constant commitment of our teams to offer our clients active management based on strong convictions in an asset class providing diversification and an attractive risk/return profile over the long term. 
The LSEG Lipper Fund Awards enjoy international recognition thanks to their rigor and exclusive quantitative methodology. For over three decades, these awards have distinguished funds with the best risk-adjusted performance among their peers, over a period of 3, 5, or 10 years, in nearly twenty countries.

1. Lipper rankings are not market rankings and do not constitute recommendations to buy, sell or hold units or shares of the UCIs managed by Edmond de Rothschild Asset Management. Reference to a ranking or price of this UCI does not prejudge future rankings or prices of these UCIs or of the manager. For further information: https://www.lipperfundawards.com/ 
2. Annualized performance of +4.9% since the launch of the fund (I-USD) vs. 4.3% for its benchmark. JP Morgan CEMBI Broad Diversified since 01.04.2022. Previously, JP Morgan CEMBI Broad. Past performance is no guarantee of future performance, which is not constant over time and may be independently affected by changes in exchange rates. Performance data do not take into account commissions and fees charged on the issue and redemption of units.
3. The identity of the fund managers presented in this document may change during the life of the product.
4. 1-year Fund Manager rating by Citywire: March 2025.
5. In the context of socially responsible investment, the “best-in-universe” approach is an ESG screening of companies that favors those with the best extra-financial ratings, regardless of their sector of activity.

DISCLAIMER 
EdR Fund Emerging Credit is a sub-fund of the Luxembourg SICAV authorised by the CSSF and authorised for marketing in Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Luxembourg, Netherlands and Portugal.
Main investment risks:
Risk Indicator 3/7. The risk indicator rates this fund on a scale of 1 to 7. This indicator is used to assess the level of risk of this product in comparison to other funds and a category 1 rating does not mean that the investment is risk free. In addition, it indicates the likelihood that this product will incur losses in the event of market movements or our inability to pay you. This indicator assumes that you hold the product until the end of the recommended holding period of this fund. The actual risk may be very different if you choose to exit before the end of the recommended holding period of this Fund. The risks described below are not exhaustive. 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. 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 that the Fund’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 Fund to the effects of changes in credit quality. Risks associated with investing in emerging markets: The portfolio may be exposed to certain securities with a higher degree of risk than that generally associated with investments in the main financial markets, in particular due to local political and/or regulatory factors. The legal framework of certain countries in which the underlying UCITS and investment portfolio may invest may not provide the same protection or information to the investor as is usually provided in the main financial markets. Securities issued in certain so-called emerging markets may be significantly less liquid and more volatile than those issued in more mature markets. In this respect, securities from emerging countries offer less liquidity than those from developed countries; consequently, holding these securities may increase the level of portfolio risk. As a result, the net asset value may fall more sharply and rapidly than in developed countries. Interest rate risk: By holding debt securities and money market instruments, funds are exposed to changes in interest rates. This risk is defined as a rise on interest rates causes a decline in bonds valuation and therefore a fall in of the fund’s NAV.
Fund characteristics: 
Investment Objective: EdR Fund Emerging Credit’s objective is to achieve long-term optimum growth of the invested capital via investments in regulated capital and money markets. In particular, the Fund aims to outperform its benchmark. 
Fund Currency: USD 
Inception date: 25/05/2009 
ISIN Codes: A share: LU1080015420 / I share: LU1080015933
Management fees: A share: 1% max. / I share: 0.40% max. 
Variable management fees: 15% of performance in excess of the benchmark 
Subscription fee: A share: 1% / I share: None
Subscription tax rate: A Share: 0.05% / I Share: 0.01% 
Minimum initial subscription: A share: 1 unit / I share: 500,000 USD 
Redemption charges: None 
Benchmark: JP Morgan CEMBI Broad Diversified Composite (USD) 
Recommended investment horizon: > 3 years 
Shares described herein are the main euro-denominated shares. The fund also has shares in EUR and CHF. Please ask you sales contact for any further information. Please note that not all costs and share classes are disclosed in this documents. Please refer to the KID/prospectus for further details.

April 2025. Non-contractual document designed for information purposes only. Reproduction or use of its contents is strictly prohibited without the permission of the Edmond de Rothschild Group. The information contained in this document does not constitute an offer or solicitation to trade in any jurisdiction in which such offer or solicitation is unlawful or in which the person making such offer or solicitation is not qualified to act. This document does not constitute and should not be construed as investment, tax or legal advice, nor as a recommendation to buy, sell or continue to hold any investment. The Edmond de Rothschild Group shall not be held liable for any investment or divestment decision taken on the basis of the information contained in this document. The funds presented may not be registered and/or authorized for sale in your country of residence. If you have any doubts about your ability to subscribe to this fund, please contact your professional advisor. The figures, comments, forward looking statements and other information contained in this presentation reflect the Edmond de Rothschild Group’s view of the markets, their development and their regulations, taking into account its expertise, the economic context and the information available to date. They may no longer be relevant on the day the investor reads them. Consequently, the Edmond de Rothschild Group shall not be held responsible for the quality or accuracy of economic information and data obtained from third parties. Any investment involves specific risks. Investors are therefore advised to ensure that any investment is suitable for their personal circumstances by seeking independent advice where appropriate. In addition, investors should read the Key Information Documents (KID) and/or any other document required by local regulations, which is provided prior to any subscription and is available in French and in English on the website www.edmond-de-rothschild.com under the “Fund Center” tab or free of charge on request. 
For EU investors: This document is issued by Edmond de Rothschild Asset Management (France); 47, rue du Faubourg Saint-Honoré; 75401 Paris Cedex 08; Public limited company with a Management Board and Supervisory Board and a capital of 11,033,769 euros; AMF approval number GP 04000015, 332.652.536 R.C.S. Paris. A summary of investors’ rights in English and French can be obtained at the following link: www.edmond-de-rothschild.com/media/no2ncu1s/edram-luxembourg-en-investors-rights. pdf. In Spain, the SICAV is registered at the CNMV under number 229. 
For Swiss Investors: This marketing material is issued by Edmond de Rothschild (Suisse) S.A. located at 18 rue de Hesse, 1204 Geneva, Switzerland, a Swiss bank authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). The “Edmond de Rothschild Fund” sub-funds mentioned in this material are sub-funds of the Edmond de Rothschild Fund SICAV, which are organized under the laws of Luxembourg, and have been approved to be offered to non-qualified investors in Switzerland by the FINMA.
REPRESENTATIVE AND PAYING AGENT IN SWITZERLAND: Edmond de Rothschild (Suisse) S.A.; rue de Hesse 18 ; 1204 Geneva. © Copyright Edmond de Rothschild. All rights reserved.

GLOBAL DISTRIBUTOR: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) 
47 rue du Faubourg Saint-Honoré / FR - 75401 Paris Cedex 08 
Public limited company with a Management Board and Supervisory Board and a capital of 11,033,769 euros - AMF approval number GP 04000015 - 332.652.536 R.C.S. Paris

MANAGEMENT COMPANY: EDMOND DE ROTHSCHILD ASSET MANAGEMENT (LUXEMBOURG) 
4 rue Robert Stumper / LU - 2557 Luxembourg 

DELEGATED FINANCIAL MANAGEMENT: EDMOND DE ROTHSCHILD (SUISSE) S.A. 
Rue de Hesse 18 / CH - 1204 Genève 
www.edmond-de-rothschild.com