Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Fund US Value US equities

US equities
Change in NAV (13/07/2018)
160.36 USD
Christophe  FOLIOT–LU1170683665–
Christophe FOLIOT
Adeline SALAT-BAROUX–LU1170683665–
Adeline SALAT-BAROUX
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
Recommended holding period
> 5 years
160.36 USD
Change in NAV (13/07/2018)
6
1234567
Risk and reward profile
> 5 years
Recommended holding period
Change in NAV (13/07/2018)
160.36 USD
Risk and reward profile
1234567
Recommended holding period
> 5 years
Christophe FOLIOT  
Adeline SALAT-BAROUX  
The identity of the managers presented in this document may change during the life of the product.
Contact

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 29/06/2018

The American economy's growth was described as ‘strong' by the US Federal Reserve, which continued its policy of raising short-term interest rates in June. The interest rate range was even raised, to what seems a more aggressive level. Moreover, the risk of a full-blown trade war has been raised by the application of customs tariffs on steel and aluminium. Such trade tensions continued to impact investor confidence and equity markets in June. While the defensive sectors (utilities, real estate, consumer durables) outperformed, cyclicals (industrials, financials and energy) were in decline this month. Within EdR US Value, the worst performances came from our investments in the commodities sector, impacted by widespread fears of slowing global trade and falling demand. Crude oil prices (WTI) climbed 10% over the month, given Opec's decision to put through a measured increase in production, with demand remaining sustained, and US reserves continuing to decline. Energy stocks cautiously welcomed the oil rebound and we remain invested throughout the value chain (from producers and service companies to equipment and infrastructure). We have strengthened our investments in the healthcare sector through CVS, which has a large network of pharmacies and medical prescription management sites. Its growth prospects are also being driven strongly by its deployment of clinics in its pharmacy network, as well as its intended merger with the healthcare mutual, Aetna. Based on this first semester, we expect to see our Growth strategy continuing to out-perform at the expense its Value counterpart, with which it has now established a performance gap of almost 800 bps. While EdR US Value has shown how to take advantage of the early rebound in energy-related stocks, there is still significant revaluation potential available through other investments.

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Change in NAV

Chart – Base 100 (13/07/2018)
Avertissement
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 01/01/2018

5.42 %

5.54 %

5.42 %

5.54 %

1 Year

14.67 %

16.01 %

14.67 %

16.01 %

Since inception

60.36 %

51.15 %

21.77 %

18.81 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (N-USD)

Benchmark

5.42 %

5.54 %

14.67 %

16.01 %

60.36 %

51.15 %

Annualised

Share class (N-USD)

Benchmark

14.67 %

16.01 %

21.77 %

18.81 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class N-USDBenchmarkShare class N-USDBenchmarkShare class N-USDBenchmarkShare class N-USDBenchmarkShare class N-USDBenchmark
1 Year*14.41 %12.97 %6.65 %0.89 %-0.13 %0.95 %
3 Year *
Max. drawdownAlphaBeta
Share class N-USDBenchmarkShare class N-USDBenchmarkShare class N-USDBenchmark
1 Year*-11.97 %-0.01 %0.99 %
3 Year *
Max. monthly gain Since inception14.09 %
Max. monthly loss Since inception-8.23 %
Share class N-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 14.41 % 12.97 %
Tracking Error 6.65 %
Sharpe ratio 0.95 %
Alpha -0.01 %
Correlation coefficient 0.89 %
Information ratio -0.13 %
Max. monthly loss -8.23 %
Max. monthly gain 14.09 %
Max. drawdown -11.97 %
Beta 0.99 %

Fund information

Inception Date (Fund)
28/12/2000
Inception Date (Part)
19/02/2016
Legal form
SICAV
Benchmark
S&P 500 (NR)
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
5000000.00 USD EQ EUR
ISIN Code
LU1170683665
AuM (fund)
804 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
Luxembourg
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.

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