EDMOND DE ROTHSCHILD SYNERGY EUROPE (EdR SYNERGY EUROPE)

Transcription

1 KEY INVESTOR INFORMATION This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. 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 French Mutual Fund (FCP), feeder of Edmond de Rothschild Europe Synergy (R units), managed by EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The fund is a feeder fund of the master fund Edmond de Rothschild Europe Synergy (R units), which investment objective is to create performance via exposure to equity markets primarily from the European Community, through a selection of stocks chosen on a discretionary basis from an investment scope comparable to the MSCI Europe Index. Benchmark Index: MSCI Europe, dividends not reinvested Investment policy: The Fund s assets shall be fully and permanently invested in R units of the FCP Edmond de Rothschild Europe Synergy FCP, 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 Edmond de Rothschild Europe Synergy: The choice of strategy is entirely discretionary and dependent on the management team's expectations. The Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets primarily from the European Community, without stock market capitalisation distinctions. External analysts' reports are used to assist managers in conducting their own research on a limited number of securities included in the investment scope. The choice of external analysts is also subject to a selection process defined by the management company. The portfolio aims to consistently meet the PEP's eligibility requirements. At least 75% and up to 110% of the Fund's assets will be exposed to equities from countries 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 fund is rated in category 6, reflecting that it can be up to 110% exposed to equities markets, which presents a high risk/reward profile. of the European Community, directly and/or secondarily via UCITS and/or through the use of financial contracts. The Fund may also invest up to 25% of its net assets in European securities from outside the European Community, 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. The Fund may invest in financial contracts traded on regulated, organised or over-the-counter international markets for hedging purposes. In order to manage its cash, the Fund may use debt securities or public or private bonds up to a limit of 25% of net assets, at fixed or variable rates denominated in euros and rated Investment Grade (i.e. where the issuer default risk is low) at the time of purchase, based on the Standard & Poor's rating scale or any other equivalent rating given by another independent agency, with a generally short-term maturity of less than three months, or convertible bonds. AMF Classification: Shares of the countries of the European Community Recommended holding period more than 5 years Frequency of share buying or selling: Daily, with the exception of public holidays and days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), for all orders received by the transfer agent daily before am C.E.T. on day's net asset value. Dividend policy: 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

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 1.79%* 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 the estimated expenses for the year ending on December 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 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, whereas the benchmark does not take account of distributed income. 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. PRACTICAL INFORMATION Custodian: Taxsystem: La Compagnie Financière Edmond de Rothschild Banque French tax legislation can influence the investor's personal tax situation. 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. EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact@edram.fr Germany/Austria Latin America Asia Benelux Spain contact@edram.de contact@edram.cl contact@edram.hk contact@edram.be contact@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT 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 fund is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). EDMOND DE ROTHSCHILD ASSET MANAGEMENT is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: 12/11/2012 The Fund and its units are not registered 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 fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. 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 French Mutual Fund (FCP), feeder of Edmond de Rothschild Europe Synergy (R units), managed by EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The fund is a feeder fund of the master fund Edmond de Rothschild Europe Synergy (R units), which investment objective is to create performance via exposure to equity markets primarily from the European Community, through a selection of stocks chosen on a discretionary basis from an investment scope comparable to the MSCI Europe Index. Benchmark Index: MSCI Europe, dividends not reinvested Investment policy: The Fund s assets shall be fully and permanently invested in R units of the FCP Edmond de Rothschild Europe Synergy FCP, 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 Edmond de Rothschild Europe Synergy: The choice of strategy is entirely discretionary and dependent on the management team's expectations. The Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets primarily from the European Community, without stock market capitalisation distinctions. External analysts' reports are used to assist managers in conducting their own research on a limited number of securities included in the investment scope. The choice of external analysts is also subject to a selection process defined by the management company. The portfolio aims to consistently meet the PEP's eligibility requirements. At least 75% and up to 110% of the Fund's assets will be exposed to equities from countries of the European Community, directly and/or secondarily via UCITS and/or through the use of financial contracts. The Fund may also invest up to 25% of its net assets in European securities from outside the European Community, 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. The Fund may invest in financial contracts traded on regulated, organised or over-the-counter international markets for hedging purposes. In order to manage its cash, the Fund may use debt securities or public or private bonds up to a limit of 25% of net assets, at fixed or variable rates denominated in euros and rated Investment Grade (i.e. where the issuer default risk is low) at the time of purchase, based on the Standard & Poor's rating scale or any other equivalent rating given by another independent agency, with a generally short-term maturity of less than three months, or convertible bonds. AMF Classification: Shares of the countries of the European Community Recommended holding period more than 5 years Frequency of share buying or selling: Daily, with the exception of public holidays and days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), for all orders received by the transfer agent daily before am C.E.T. on day's net asset value. Dividend policy: Accumulation RISK AND REWARD PROFILE Lower risk potentially lower return Higher risk potentially higher return 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. 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 fund is rated in category 7, reflecting that it can be up to 110% exposed to equities markets, which presents a high risk/reward profile, and to EUR/USD currency risk. 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

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 1.79%* 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 the estimated expenses for the year ending on December 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 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, whereas the benchmark does not take account of distributed income. 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. PRACTICAL INFORMATION Custodian: Taxsystem: La Compagnie Financière Edmond de Rothschild Banque French tax legislation can influence the investor's personal tax situation. 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. EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact@edram.fr Germany/Austria Latin America Asia Benelux Spain contact@edram.de contact@edram.cl contact@edram.hk contact@edram.be contact@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT 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 fund is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). EDMOND DE ROTHSCHILD ASSET MANAGEMENT is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: 12/11/2012 The Fund and its units are not registered 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 fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. 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 French Mutual Fund (FCP), feeder of Edmond de Rothschild Europe Synergy (R units), managed by EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The fund is a feeder fund of the master fund Edmond de Rothschild Europe Synergy (R units), which investment objective is to create performance via exposure to equity markets primarily from the European Community, through a selection of stocks chosen on a discretionary basis from an investment scope comparable to the MSCI Europe Index. Benchmark Index: MSCI Europe, dividends not reinvested Investment policy: The Fund s assets shall be fully and permanently invested in R units of the FCP Edmond de Rothschild Europe Synergy FCP, 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 Edmond de Rothschild Europe Synergy: The choice of strategy is entirely discretionary and dependent on the management team's expectations. The Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets primarily from the European Community, without stock market capitalisation distinctions. External analysts' reports are used to assist managers in conducting their own research on a limited number of securities included in the investment scope. The choice of external analysts is also subject to a selection process defined by the management company. The portfolio aims to consistently meet the PEP's eligibility requirements. At least 75% and up to 110% of the Fund's assets will be exposed to equities from countries of the European Community, directly and/or secondarily via UCITS and/or through the use of financial contracts. The Fund may also invest up to 25% of its net assets in European securities from outside the European Community, 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. The Fund may invest in financial contracts traded on regulated, organised or over-the-counter international markets for hedging purposes. In order to manage its cash, the Fund may use debt securities or public or private bonds up to a limit of 25% of net assets, at fixed or variable rates denominated in euros and rated Investment Grade (i.e. where the issuer default risk is low) at the time of purchase, based on the Standard & Poor's rating scale or any other equivalent rating given by another independent agency, with a generally short-term maturity of less than three months, or convertible bonds. AMF Classification: Shares of the countries of the European Community Recommended holding period more than 5 years Frequency of share buying or selling: Daily, with the exception of public holidays and days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), for all orders received by the transfer agent daily before am C.E.T. on day's net asset value. Dividend policy: Accumulation RISK AND REWARD PROFILE Lower risk potentially lower return Higher risk potentially higher return 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. 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 fund is rated in category 6, reflecting that it can be up to 110% exposed to equities markets, which presents a high risk/reward profile. 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

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 1.04%* 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 the estimated expenses for the year ending on December 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 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, whereas the benchmark does not take account of distributed income. 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. PRACTICAL INFORMATION Custodian: Taxsystem: La Compagnie Financière Edmond de Rothschild Banque French tax legislation can influence the investor's personal tax situation. 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. EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone: 33 (0) contact@edram.fr Germany/Austria Latin America Asia Benelux Spain contact@edram.de contact@edram.cl contact@edram.hk contact@edram.be contact@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT 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 fund is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). EDMOND DE ROTHSCHILD ASSET MANAGEMENT is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: 12/11/2012 The Fund and its units are not registered 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 fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. 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 French Mutual Fund (FCP), feeder of Edmond de Rothschild Europe Synergy (R units), managed by EDMOND DE ROTHSCHILD ASSET MANAGEMENT SAS, part of the Edmond de Rothschild Group OBJECTIVES AND INVESTMENT POLICY Investment objective: The fund is a feeder fund of the master fund Edmond de Rothschild Europe Synergy (R units), which investment objective is to create performance via exposure to equity markets primarily from the European Community, through a selection of stocks chosen on a discretionary basis from an investment scope comparable to the MSCI Europe Index. Benchmark Index: MSCI Europe, dividends not reinvested Investment policy: The Fund s assets shall be fully and permanently invested in R units of the FCP Edmond de Rothschild Europe Synergy FCP, 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 Edmond de Rothschild Europe Synergy: The choice of strategy is entirely discretionary and dependent on the management team's expectations. The Fund implements an active stock-picking management strategy, selecting stocks listed on stock markets primarily from the European Community, without stock market capitalisation distinctions. External analysts' reports are used to assist managers in conducting their own research on a limited number of securities included in the investment scope. The choice of external analysts is also subject to a selection process defined by the management company. The portfolio aims to consistently meet the PEP's eligibility requirements. At least 75% and up to 110% of the Fund's assets will be exposed to equities from countries 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 fund is rated in category 7, reflecting that it can be up to 110% exposed to equities markets, which presents a high risk/reward profile and to EUR/USD currency risk. of the European Community, directly and/or secondarily via UCITS and/or through the use of financial contracts. The Fund may also invest up to 25% of its net assets in European securities from outside the European Community, 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. The Fund may invest in financial contracts traded on regulated, organised or over-the-counter international markets for hedging purposes. In order to manage its cash, the Fund may use debt securities or public or private bonds up to a limit of 25% of net assets, at fixed or variable rates denominated in euros and rated Investment Grade (i.e. where the issuer default risk is low) at the time of purchase, based on the Standard & Poor's rating scale or any other equivalent rating given by another independent agency, with a generally short-term maturity of less than three months, or convertible bonds. AMF Classification: Shares of the countries of the European Community Recommended holding period more than 5 years Frequency of share buying or selling: Daily, with the exception of public holidays and days on which the French markets are closed (official calendar of EURONEXT PARIS S.A.), for all orders received by the transfer agent daily before am C.E.T. on day's net asset value. Dividend policy: 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

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 1.04%* 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 the estimated expenses for the year ending on December 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 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, whereas the benchmark does not take account of distributed income. 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. PRACTICAL INFORMATION Custodian: Taxsystem: La Compagnie Financière Edmond de Rothschild Banque French tax legislation can influence the investor's personal tax situation. 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. EDMOND DE ROTHSCHILD ASSET MANAGEMENT 47 rue du Faubourg Saint-Honoré PARIS CEDEX 08 - France Phone : 33 (0) contact@edram.fr Germany/Austria Latin America Asia Benelux Spain contact@edram.de contact@edram.cl contact@edram.hk contact@edram.be contact@edram.es EDMOND DE ROTHSCHILD ASSET MANAGEMENT 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 fund is authorised in France and regulated by the Autorité des Marchés Financiers (AMF). EDMOND DE ROTHSCHILD ASSET MANAGEMENT is authorised in France under the number GP and regulated by the AMF. This key investor information is accurate as at: 12/11/2012 The Fund and its units are not registered 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 in compliance with European standards PROSPECTUS I. GENERAL CHARACTERISTICS: 1.1. UCITS STRUCTURE: Name: Edmond de Rothschild Synergy Europe Legal form and member state in which the UCITS was established: French Mutual Fund (FCP). The fund is a feeder fund of Edmond de Rothschild Europe Synergy (R units). Creation date and intended lifetime: This UCITS was approved by the AUTORITE DES MARCHES FINANCIERS (French Financial Markets Authority) on 2012, 5 th October. This FCP was created on 2012, 12 th November for a period of 99 years. Fund overview: The FCP consists of four unit classes. The FCP does not have any sub-funds. Type of units ISIN code Dividend policy A EUR FR Accumul ation A USD FR Accumul ation I EUR FR Accumul ation I USD FR Accumul ation Base currency EURO USD EURO USD Minimum initial subscription amount Subsequent subscription amount 1 unit 1 thousandth of unit 1 unit 1 thousandth of unit 1 unit 1 unit 1 thousandth of unit 1 thousandth of unit Target investors All investors All investors All investors All investors Address at which the latest annual and periodic reports are available: The latest annual and periodic reports shall 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; website: Directory: Management Company: EDMOND DE ROTHSCHILD ASSET MANAGEMENT Société par Actions Simplifiée (Company limited by shares) with a board of directors and a supervisory board approved as a Portfolio Management Company by the AMF (French financial markets authority) on 15 April 2004 under number GP Registered office: 47 rue du Faubourg Saint-Honoré PARIS 1 Prospectus

10 Depositary: 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. 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 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 units of the FCP, 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 FCP (corporate actions, collection of income) and the safekeeping of pure registered units. Auditor: PRICEWATERHOUSECOOPERS AUDIT Registered office: 63, rue de Villiers Neuilly sur Seine Authorised signatory: Mr Patrick SELLAM Promoter: EDMOND DE ROTHSCHILD ASSET MANAGEMENT Société par Actions Simplifiée (Company limited by shares) with a board of directors and a supervisory board approved as a Portfolio Management Company by the AMF (French financial markets authority) on 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 FCP and may delegate the actual marketing activities to a third party of its choice. More precisely, the fund cannot be promoted if an initial agreement has not been concluded with the management company 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. The FCP will be only promoted outside France. Administration delegated to: EDMOND DE ROTHSCHILD INVESTORS ASSISTANCE Economic Interest Grouping Registered office: 47 rue du Faubourg Saint-Honoré, PARIS 2 Prospectus

11 The Management Company EDMOND DE ROTHSCHILD ASSET MANAGEMENT is a member of the G.I.E. EDMOND DE ROTHSCHILD INVESTORS ASSISTANCE to which it has delegated the administration duties of the UCITS pursuant to the terms and conditions defined in his 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. 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 codes: A EUR unit: FR A USD unit: FR I EUR unit: FR I USD unit: 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 units. Units are issued in unit or thousandths of a unit in bearer form. Year-end: Last trading day of December. The first financial year will end on the last business day of December Prospectus

12 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. Finally, unitholders should note that FCP comprises A EUR, A USD, I EUR, I USD accumulation units. Prior to subscribing units of the FCP, unitholders unsure of their tax situation are advised to contact a tax adviser for further information about the specific tax treatment that will be applicable to them. Specific tax regime: Eligible for the Equity Savings Plan (PEA - Plan d Epargne en Actions). 2.2 SPECIFIC PROVISIONS: Classification: Equities from EU member states. Investment objective: The fund is a feeder fund of the master fund Edmond de Rothschild Europe Synergy (R units), which investment objective is to seek performance via exposure to the equity markets, predominantly those of the European Union, by selecting stocks on a discretionary basis from an investment universe comparable to that of the MSCI Europe index (expressed in Euros for shares issued in Euros and in US Dollars for shares issued in US Dollars). Its performance shall differ from that of the master fund due to the fees payable by the feeder fund. Benchmark Index: The evolution of the net asset value may be compared to the MSCI Europe index (expressed in euro for units denominated in euro, in US Dollar for units denominated in US Dollar, excluding dividends). The MSCI Europe is a stock market index established by Morgan Stanley International, comprising equities issued in the countries listed below (which is subject to change). This index includes Europe s largest market capitalisations. On the date this prospectus was approved, the list of countries whose stocks are included in the index is: Germany, Austria, Belgium, Denmark, Spain, Finland, France, Greece, Ireland, Italy, Norway, Netherlands, Portugal, United Kingdom, Sweden and Switzerland. This data is available at Investment strategy: The Fund s assets shall be fully and permanently invested in R units of the FCP Edmond de Rothschild Europe Synergy, the investment strategy of which is provided below. It shall also invest in cash on an ancillary basis. Investment objective of the master fund Edmond de Rothschild Europe Synergy: The objective of the FCP is to seek performance via exposure to the equity markets, predominantly those of the European Union, by selecting stocks on a discretionary basis from an investment universe comparable to that of the MSCI Europe index (expressed in Euros for shares issued in Euros, in US Dollars for shares issued in US Dollars and in GBP for those issued in GBP). Benchmark index of the master fund Edmond de Rothschild Europe Synergy: The evolution of the net asset value may be compared to the MSCI Europe index (expressed in euro for units denominated in euro, in US Dollar for units denominated in US Dollar and in GBP for those denominated in GBP, excluding dividends). The MSCI Europe is a stock market index established by Morgan Stanley International, comprising equities issued in the countries listed below (which is subject to change). 4 Prospectus

13 This index includes Europe s largest market capitalisations. On the date this prospectus was approved, the list of countries whose stocks are included in the index is: Germany, Austria, Belgium, Denmark, Spain, Finland, France, Greece, Ireland, Italy, Norway, Netherlands, Portugal, United Kingdom, Sweden and Switzerland. This data is available at Investment strategy of the master fund Edmond de Rothschild Europe Synergy Strategies used: The choice of strategy is entirely discretionary and dependent on the expectations of the management team. The FCP's investment strategy is to construct a portfolio that meets the PEA eligibility rules at all times. The company shall, at least daily, actively manage equities predominantly from the European Union with no discrimination in terms of market capitalisation. The management process is broken down into several steps: - The selection of the investment universe is based on compliance with a certain number of criteria, allowing the identification of eurozone stocks which shall be considered eligible and which shall be subject to further analysis. Such stocks must essentially meet one or more of the following criteria: - They must be of insufficient size in comparison with their competitors - They must have specific expertise to be granted target status - They must belong to a sector which is under consolidation - They must have poor control over their capital - They must be embarking on a financial or operational restructuring In terms of its structure, therefore, the investment universe cannot be assimilated to an entire universe defined by an existing index. - Analyses are 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 stocks selected are then subject to fundamental financial analysis based particularly, though not exclusively, on the following elements: development of operating margins, level of debt, free cash flow, revision of earnings per share estimates. The potential performance of each of these securities is determined based on the probability that a financial transaction will be carried out and the possible price for a potential buyer, as well as on comparisons with previous transactions conducted in the same business sector and with historic valuation ratios. The Fund may invest in financial contracts traded on regulated, organised or over-the-counter international markets for hedging purposes.. The assets: o Equities: At least 75% and up to 110% of the portfolio will be exposed to equities from countries of the European Community, directly and/or secondarily via UCITS and/or through the use of financial contracts. The FCP may also invest up to 25% of the net assets in European stocks from outside the European Union, in particular from countries which are members of the European Free Trade Association (EFTA), member states of the European Economic Area or European candidates for entry into the European Union. The securities held may or may not carry voting rights. In order to meet the eligibility requirements of the PEA, the Fund shall invest a minimum of 75% in equities and other securities qualifying for the PEA. 5 Prospectus

14 o Debt securities and money market instruments: Transferable debt securities and money market instruments will be used for cash management purposes, subject to a limit of 25% of the net assets. The FCP will above all seek to purchase issues from public and private issuers rated Investment-Grade at the time of purchase, generally with a short-term maturity of less than three months. Securities in the Investment Grade category (i.e. those for which the issuer default risk is lowest) correspond to a minimum BBB- rating (from Standard & Poor's or any other equivalent rating awarded by another independent ratings agency). Such securities may be debt securities or bonds, whether convertible or not, such as French treasury bonds (OATs). o Shares or units of other UCITS or investment funds: The FCP may hold up to 10% of its assets in units or shares in French or European coordinated UCITS, regardless of their classification, including listed index UCITS (ETF), specifically in pursuit of the following aim: - listed index-tracking funds, in order to increase exposure to equity markets or diversify exposure to other asset classes (for example: funds invested in securities of companies in the commodity or real estate sectors). - coordinated French or European UCITS, of any classification, in order to diversify exposure to other asset classes Such UCITS will be used for cash management purposes (money market and bond UCITS) or will form part of the investment strategy, in which case they will be UCITS classified as equity UCITS. 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 assets, the FCP may invest in financial contracts traded on regulated, organised or over-the-counter European markets in order to conclude:. forward currency contracts (forward or future exchange) or currency swaps;. futures contracts on equity indices;. equity options and equity indices contracts to reduce equity volatility. All these instruments are used purely for hedging purposes. o Embedded derivatives: o Deposits: 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 25% 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. 6 Prospectus