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.
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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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