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EdR Fund US Value & Yield US equities

US equities
Change in NAV (23/05/2017)
137.20 USD
Christophe  FOLIOT–LU1170683665–
Christophe FOLIOT
Adeline SALAT-BAROUX–LU1170683665–
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
Recommended holding period
> 5 years
137.20 USD
Change in NAV (23/05/2017)
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (23/05/2017)
137.20 USD
Risk and reward profile
Recommended holding period
> 5 years
Christophe FOLIOT  
The identity of the managers presented in this document may change during the life of the product.

Investment objective

The Sub-Fund actively selects undervalued and recovery stocks that have a healthy balance sheet and whose prospects are improving. The Sub-Fund is invested in North American large capitalisations.

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Commentary 28/04/2017

April saw the 100-day milestone reached in the Trump Presidency, revealing the inability of the White House's new occupant to implement the measures promised in his campaign. The newly published confidence indicators are encouraging and since they generally anticipate activity indices, this bodes well for continuing US growth. The corporate reporting season is well advanced with nearly 50% of the S&P 500 companies revealing their results. Overall, any surprises have been positive and the profits growth of around 13% year-on-year is well above the 10% expected initially. This pleasant surprise comes mainly from earnings reports by financials and the energy sector. Paradoxically, on the market, cyclicals and energy stocks once again suffered over the period. This new trend was accentuated by fading hopes of a gradual return to the inflation that was to have been driven by measures the Trump administration had promised. So most of the underperformance is due to the fund's sectoral positioning: overweighting energy, and underweighting defensive consumption. It is our conviction that the US recovery is far from over, and that the gap between cyclicals and defensive stocks cannot continue to grow indefinitely, as has been the case since the beginning of the year. We are confident in the fund's potential for appreciation and catching up.

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Change in NAV

Chart – Base 100 (23/05/2017)
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates


Performance N-USD Cumulative Annualised
Since 01/01/2017 -1.20 % -1.20 %
1 Year 18.27 % 18.27 %
Since inception 37.20 % 28.60 %
Since 01/01/2017 1 Year 3 Year 5 year Since inception

-1.20 %

18.27 %

37.20 %


18.27 %

28.60 %


VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year1 Year1 Year1 Year1 Year
Share class N-USD13.39 %7.66 %0.83 %-0.04 %1.85 %
Benchmark9.01 %
Max. monthly lossMax. monthly gainMax. drawdownAlphaBeta
Since inceptionSince inception1 Year1 Year1 Year
Share class N-USD-7.58 %14.09 %-9.86 %-0.07 %1.24 %
Share class N-USD
1 Year 3 Year 1 Year 3 Year
Volatility 13.39 % 9.01 %
Tracking Error 7.66 %
Sharpe ratio 1.85 %
Alpha -0.07 %
Correlation coefficient 0.83 %
Information ratio -0.04 %
Max. monthly loss -7.58 %
Max. monthly gain 14.09 %
Max. drawdown -9.86 %
Beta 1.24 %

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
S&P 500 (NR)
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
Minimum initial investment
5000000.00 USD EQ EUR
AuM (fund)
939 M (EUR)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Maximum management fee
0,550 %
Current management fee
0.550 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating 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 risk-free investment.