Elan Club

Elan Convertibles Europe

Description	Fund Profile Elan Convertibles Europe is a French regulated mutual fund mainly invested in European convertible bonds. We adopt an active management approach, based on top down, in-depth research of global economies and sectors, combined with bottom-up securities valuations and portfolio construction. The main performance driver comes from strategic or tactical asset allocation (equity exposure -delta- could range from 30% to 80%, according to the macroeconomic views of investment team), and, to a lower level, from the underlying alpha from chosen convertible bonds, actively managed.
Awards	1st over 3 years Lipper France 2010 and 1st over 5 years Lipper France 2010 (Category European Convertible Bonds Fund)
Fund Data	Share Class C
ISIN	FR0007009139
WKN	A0NDCV
Fund currency	EUR
Fund category	European convertible bonds fund
Launch date	01.04.1997
Issue price	152.45 EUR
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 4.5% (subscription fee not retained by the UCITS)
Management fees	1.21% max. p.a.
Performance fee	no
TER 2010	1.66%
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	CH, DE, ES, FR, LU, NL

Description	Fund Profile The strategy of Elan Club consists in an active and high conviction management with a “top-down” approach, which aims to maximize long-term returns of investors through a flexible asset allocation. Equity exposure could range from 20% to 80%, according to the macroeconomic views of investment team.
Fund data	Share Class F
ISIN	FR0010537423
WKN	A1CW1G
Fund currency	EUR
Fund category	International diversified fund
Launch date	31.12.2007
Issue price	436.83 EUR
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 4.5% (subscription fee not retained by the UCITS)
Management fees	1.90% max. p.a.
Performance fee	no
TER 2010	2.10%
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	BE, CH, DE, ES, FR, LU

Description	Fund Profile Elan Euro Valeurs is a French regulated mutual fund mainly invested in Euro Zone large caps equities. The fund investment philosophy follows an active and high-conviction approach. The main performance driver is stock selection, relying on a bottom-up approach, based on a fundamental analysis of companies designed to take advantage of undervalued securities. The exposure to equities of the fund can range from 70% to 100%.
Fund data	Share Class F
ISIN	FR0010807099
WKN	A1CW07
Fund currency	EUR
Fund category	Eurozone large-cap equity fund
Launch date	28.09.2009
Issue price	Equal to the NAV of the C share on the day of creation of the F share
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 4.5% (subscription fee not retained by the UCITS)
Management fees	1.9% max. p.a.
Performance fee	Yes (15% of the outperformance of the fund compared to its benchmark)
TER 2010	2.14%
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	BE, CH, DE, ES, FR

Description	Fund Profile Elan Midcap Euro is a French regulated mutual fund invested in small and mid cap companies of the Euro zone. The stock selection is at the heart of the investment process. Indeed, the approach is research-oriented, emphasising bottom-up stock selection.
Fund data	Share Class F
ISIN	FR0010950584
WKN	A1H49L
Fund currency	EUR
Fund category	Eurozone mid-cap equity fund
Launch date	13.10.2010
Issue price	equal to the NAV of the C share on the day of creation of the F share
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 2.5% (subscription fee not retained by the UCITS)
Management fees	1.90% max. p.a.
Performance fee	no
TER 2010	2.72%
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	BE, CH, DE, ES, FR

Description	Fund Profile Elan Sélection Europe is a French regulated mutual fund invested in European large caps equities. The fund investment philosophy follows an active and high-conviction approach. The main performance driver is stock selection, relying on a bottom-up approach, based on a fundamental analysis of companies designed to take advantage of undervalued securities, especially in terms of profitability.
Fund data	Share Class F
ISIN	FR0010961698
WKN	A1H49M
Fund currency	EUR
Fund category	European large-cap equity fund
Launch date	10.11.2010
Issue price	equal to the NAV of the C share on the day of creation of the F share
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 4.5% (subscription fee not retained by the UCITS)
Management fees	1.90% max. p.a.
Performance fee	no
TER 2010	n/a
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	CH, DE, FR

Description	Fund Profile R Obligations Privées is a French regulated mutual fund invested in European private corporate bonds, mainly rated "Investment Grade". Our investment philosophy focuses on alpha generation primarily via credit selection but also takes advantage of beta via directional exposure to sector and duration. Portfolio managers seek to add value through the active management of risk and return across a range of factors such as country allocation, duration and yield curve management, credit strategy and security selection.
Fund data	Share Class F
ISIN	FR0010807107
WKN	A1H49J
Fund currency	EUR
Fund category	Euro denominated private bonds fund
Launch date	28.09.2009
Issue price	100 EUR
Earnings	Accumulation
end of business year	December 31
Front-end load	max. 2% (subscription fee not retained by the UCITS)
Management fees	0.90% max. p.a.
Performance fee	no
TER 2010	0.94%
Performance fee in % on the average net asset value	-
Depository bank charges and other costs	Included in the TER
Custodian	Rothschild & Cie Banque
Certificate	Global certificate, no physical securities
Custody	Deposit at all sales partners and all other banks
Investment company	Rothschild & Cie Gestion
Country Registrations	BE, CH, DE, FR