ADVERTISING COMMUNICATION
Designed to perform *
Fixed Income
by Rothschild & Co Asset Management
2025
*Past performance is not a reliable indicator of future performance, and is not constant over time. In particular, investors are exposed to a risk of capital loss. For further details on risks, investors should refer to the “Risk profile” section of the prospectus for these funds.
Fixed Income by Rothschild & Co Asset Management
Conviction The quest for performance 1 , whatever the market environment, is the driving force behind our investment approach. With its expertise, our team steers our range of open-ended funds and dedicated solutions on a daily basis, covering all segments of the fixed income universe.
Pragmatic Our investment processes are clear, comprehensible and structured. As a result, our portfolio managers are able to react and adapt quickly in a transparent and coherent way.
Responsible The ESG implementation in our Fixed Income expertise is in accordance with our DNA of flexibility and conviction. It is based on a transition approach that aims to combine sustainable performance with financial performance.
Opportunistic True to our DNA of conviction, our teams think outside the box, seize opportunities as they arise, and use all performance drivers at the right time.
Targeted Since 2008, our teams have been developing maturity funds in both Investment Grade and High Yield segments. Since its creation, our R-co Target franchise has collected more than €6 billion in assets under management.
Bespoke Maintaining close relationships with our clients is key. This proximity and daily presence in the field allow our teams to anticipate the needs, stay ahead of market trends, and continuously innovate.
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Fixed Income by Rothschild & Co Asset Management
1 - Investors are exposed to a risk of capital loss. For further details on risks, investors should refer to the “Risk profile” section of the prospectus for these UCIs.
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01
Emmanuel Petit Genral Partner & Head of Fixed Income
Kristell Agaësse
Head of High Yield & Convertible Bonds
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02
Philippe Lomné Portfolio Manager: IG Credit & Crossover
Michael Longeard Portfolio Manager: High Yield & Convertible Bonds
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02
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Nicolas Racaud Portfolio Manager: IG Credit, Crossover and ESG funds 08
Yann Roux Portfolio Manager: Money Market and Short-Term Credit
Julien Boy
Samuel Gruen Portfolio Manager: Macro Credit & Relative Value
Portfolio Manager: Govies and inflation
R-co Target Embrace the journey to maturity
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14
€ 20 Bn Assets under management
Years of experience on average
Portfolio managers & analysts 2
With more than 17 years of experience, we are pioneers in Target maturity funds. Over the years, we have managed more than 6 billion euros through this expertise. R-co Target, our maturity fund range, consists solely of pure strategies, invested exclusively in the High Yield or Investment Grade segments.
Fixed Income by Rothschild & Co Asset Management
2 - Teams are subject to change.
Our team, our expertise
At Rothschild & Co Asset Management, Fixed Income management is developed around a range of expertise forged around a common DNA combining conviction, agility and the quest for performance. These strategies come in a comprehensive range of open-ended funds and customized investment solutions. Leading this flagship expertise for nearly 20 years, Emmanuel Petit, Managing Partner and Head of Bond Management, is supported by a team of 13 specialists, managers, and analysts, each with an average of 16 years of experience. This multi-expertise approach has earned us several awards over the years.
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Henry Ndong Head of Credit Analyst
Antoine Da Silva Portfolio Manager Assistant
Jérôme Loire Credit Analyst
Natally Loaiza Santamaria
ESG Credit Analyst
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12
Mirthula Pirapakaran Credit Analyst
Solweig Pierronnet
Credit Analyst
R-co Conviction Credit Euro
Flexible strategy
High Yield
Target maturity funds
Subordinated financial bonds
ESG-integrated strategies
Money market
Convertible Bonds
Investment Grade
Source: Rothschild & Co Asset Management, 30/04/2025. References to past rankings or distinctions do not guarantee their future renewal. They are provided for information purposes only and reflect the assessment of third-party organisations at a given point in time, awarded independently according to their own criteria. They do not constitute a guarantee of future performance or an investment recommendation.
Our open-ended bond funds
ISIN Code (C EUR)
Recommended investment period
Asset class
Funds
Region
Currency
SRI
Money Market
Euro zone
Euro
FR0007442496
3 months
1/7
RMM Court Terme
Euro zone
Euro
FR0013127222
6 months
1/7
RMM 6M Trésorerie
United States USD
FR0010294892 (part P USD)
1 month
1/7
RMM Dollar Plus
Investment Grade
Euro zone
Euro
FR0010697482
1 year
2/7
R-co Conviction Credit 12M Euro
Euro zone
Euro
FR0014006PM4
3 years
2/7
R-co Conviction Credit SD Euro
Euro zone
Euro
FR0007008750
3 years
2/7
R-co Conviction Credit Euro
Subordinated financial bonds
R-co Conviction Subfin World
Global
FR00140060Y5
3 years
2/7
High Yield
Euro zone
Euro
FR001400RMQ4
3 years
2/7
R-co Conviction High Yield SD Euro
Euro zone
Euro
FR0011716331
5 years
3/7
R-co Conviction High Yield Euro
Target maturity funds
World
Euro
FR001400SE57
Until 31/12/2029 3/7
R-co Target 2029 HY
World
Euro
FR001400SEI6
Until 31/12/2030 2/7
R-co Target 2030 IG
ESG- integrated strategies
Euro zone
Euro
FR0007393285
3 years
2/7
R-co 4Change Net Zero Credit Euro
World
Global
FR0013513132
3 years
2/7
R-co 4Change Green Bonds
Convertibles
Euro zone
Euro
FR0007009139
3 years
3/7
R-co Conviction Convertibles Europe
Flexible Strategy
World
Global
FR0013417524
3 years
2/7
R-co Valor Bond Opportunities
Source : Rothschild & Co Asset Management - 04/2025 The above characteristics are indicative and subject to change without notice. They are provided for illustrative purposes only and are not intended to be associated with any existing or proposed structure. Geographic and sector allocations and breakdowns are not fixed and may change over time. The data used to calculate synthetic indicators may not be a reliable indication of future risk profile. Risk scale from 1 (lowest risk) to 7 (highest risk); the lowest category does not mean a “risk-free” investment. The risk category associated with a mutual fund is not guaranteed and may change over time, either upwards or downwards. Historical data, such as that used to calculate the synthetic indicator, may not be a reliable indication of the UCITS' future risk profile.
Fixed Income by Rothschild & Co Asset Management
Main risks Discretionary management risk, risk of capital loss, interest-rate risk, credit risk, credit risk (“speculative” or “high-yield”), counterparty risk, performance risk, risk associated with the use of derivatives, specific risk associated with the use of complex subordinated bonds (contingent convertible bonds known as “CoCos”), currency risk, risk associated with exposure to non-OECD countries (including emerging countries), equity risk, extra-financial criteria (ESG) risk, sustainability risk, discretionary management risk, ancillary risk, risks associated with temporary acquisitions and disposals of securities, implied volatility risk, risk associated with the use of credit derivatives, High Yield risk, convertible bond risk (direct and indirect), subordinated bond risk (direct and indirect), risk associated with investments in complex subordinated bonds.
Disclaimer
Advertising communication intended exclusively for professional investors within the meaning of the MiFID Directive.
It does not constitute investment advice, tax advice, a recommendation or investment advice from Rothschild & Co Asset Management. Figures refer to past years. Past performance is not a reliable indicator of future performance, and is not constant over time. The information/opinions/data contained in this document, considered legitimate and correct on the day of publication, in accordance with the economic and financial environment in place at that date, are subject to change at any time. Although this document has been prepared with the utmost care from sources deemed fiable by Rothschild & Co Asset Management, it offers no guarantee as to the accuracy or completeness of the information and assessments it contains, which are for information purposes only and are subject to change without notice. Rothschild & Co Asset Management has not independently verified the information contained in this document and therefore assumes no responsibility for any errors or omissions, nor for the interpretation of the information contained herein. Furthermore, given the subjective nature of certain analyses, it should be stressed that any information, projections, estimates, anticipations, assumptions and/ or opinions are not necessarily put into practice by the management teams of Rothschild & Co Asset Management or its affiliates, who act according to their own convictions. Certain forward-looking statements are prepared on the basis of certain assumptions, which are likely to differ in whole or in part from actual results. Furthermore, the development of these assumptions has not necessarily been carried out with exhaustive consideration of all applicable events and conditions. Consequently, results may vary substantially. This analysis is valid only at the time of writing. Rothschild & Co Asset Management cannot be held responsible for any decision taken on the basis of, or inspired by, the information contained in this document. In case of doubt, and before making any investment decision, we recommend that you contact your financial or tax advisor. The tax treatment of UCITS units depends on the individual situation of each client, and is subject to change at a later date. We advise you to seek advice from a tax advisor. R-co Conviction Credit SD Euro, R-co Conviction Credit Euro, R-co 4Change Green Bonds, R-co Valor Bond Opportunities are sub-funds of the French Société d'Investissement à Capital Variable “R-co”, headquartered at 29 avenue de Messine 75008 Paris, registered under number 844 443 390 R.C.S. Paris. RMM Court Terme, R-co Conviction Credit 12M Euro, R-co Conviction High Yield SD Euro, R-co 4Change Net Zero Credit Euro, R-co Conviction Subfin, RMM Dollar Plus, R-co Conviction High Yield Euro, R-co Conviction Convertibles Europe are sub-funds of the French Société d'Investissement à Capital Variable “R-co 2”, registered office 29 avenue de Messine 75008 Paris, registered 889 511 747 R.C.S. Paris. R-co Target 2029 HY, R-co Target 2030 IG are sub-funds of the French Société d'Investissement à Capital Variable “R-co 3”, whose registered office is 29 avenue de Messine 75008 Paris, registered under number 937 898 609 R.C.S. Paris. The French Société d'Investissement à Capital Variable “RMM Trésorerie 6M”, whose registered office is 29 avenue de Messine 75008 Paris, is registered under number 819 923 053 R.C.S. Paris. Before investing, it is essential to carefully read the fund's PRIIPS DIC and prospectus, particularly the section on risks. Investing in units or shares of any UCI is not risk-free. Before investing, each investor must ascertain the jurisdictions in which the units or shares of the UCI are registered. The full PRIIPS DIC/prospectus is available on our website: www.am.eu.rothschildandco.com. The net asset value (NAV) is available on our website. The information presented is not intended for distribution and does not constitute an invitation to US persons or their representatives. The units or shares of the UCI presented in this document have not been and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (“Securities Act 1933”), or admitted to trading under any U.S. securities laws. These units or shares may not be offered, sold or transferred in the United States (including its territories and possessions), nor may they benefit, directly or indirectly, a “U.S. Person” (within the meaning of Regulation S of the Securities Act of 1933) and assimilated persons (as referred to in the U.S. “HIRE” law of 18/03/2010 and in the FATCA system). Published by Rothschild & Co Asset Management, a portfolio management company with capital of €1,818,181.89, 29, avenue de Messine - 75008 Paris. AMF approval no. GP 17000014, RCS Paris 824 540 173. This document may not be reproduced in whole or in part without the prior permission of Rothschild & Co Asset Management, under penalty of prosecution. About Rothschild & Co Asset Management As the specialized asset management division of the Rothschild & Co group, we offer personalized management services to a broad clientele of institutional investors, financial intermediaries and distributors. We have built our development around a range of open-ended funds, marketed under four strong brands: Conviction, Valor, Thematic and 4Change, and benefiting from our long-term expertise in active and conviction management, as well as in delegated management. Headquartered in Paris and present in 9 European countries, we manage over €38 billion and employ nearly 170 people. For further information: www.am.eu.rothschildandco.com
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Fixed Income by Rothschild & Co Asset Management
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