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We use your information – collected through cookies and similar technologies – to improve your experience on our site and analyse how you use it. You can find out more in our privacy policy and manage your consent and preferences at any time via our privacy policy page. By clicking ‘accept,’ you consent to the use by Carmignac of cookies and similar technologies in accordance with our privacy policy.
We are currently seeing a rise in cases of fraudulent use of management companies' names, addresses and logos. Investors should be vigilant when contacted by people on behalf of Carmignac. Vigilance rules as well as a list of unauthorized companies and sites are available on
the FCA website .
Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024
+ 0.2 %
+ 9.8 %
+ 7.3 %
- 14.4 %
+ 18.6 %
+ 20.4 %
- 5.2 %
- 9.6 %
+ 7.8 %
+ 1.9 %
Net Asset Value
142.79 €
Asset Under Management
324 M €
Market
Emerging markets
SFDR - Fund Classification
Article 8
Data as of: 21 Feb 2025.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
You may find in this section information on characteristics, costs, and risks of the Fund. If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.
Investment Universe and Objective
Flexible multi-asset emerging market fund combining three performance drivers: emerging equities, bonds and currencies. With the ability to adjust the net equity exposure up to 50% and the modified duration [-4 ;+10], the Fund seeks to benefit from market upturns while limiting drawdowns. The fund adopts a sustainable, responsible approach, favouring countries and companies that deliver solutions to environmental and social challenges, consistently taking into account ESG criteria. The Fund aims to outperform its reference indicator over a recommended investment horizon of 5 years.
Characteristics
General Characteristics
Management Company
Carmignac Gestion Luxembourg S.A
Legal Form
Luxembourg SICAV sub-fund
ISIN
LU0592698954
Bloomberg
CAREPAC LX
Detailed Characteristics
SFDR - Fund Classification
Article 8
Risk Indicator
3/7
1
2
3
4
5
6
7
Lowest risk
Highest risk
Recommended minimum investment horizon
5 years
Management
Diversified strategies
Reference Indicator
40% MSCI EM NR index + 40% JPM GBI-EM Global Diversified Composite index + 20% €STR Capitalized index. Quarterly rebalanced.
Daily, except on French public holidays for FCP/SICAV; UK bank holidays for OEIC; Stock market holidays in the US, China and Hong Kong for China New Economy Funds. Subscribe to NAVs
Order Placement Cut-Off Time
Before 18:00 CET
Fees
One-off costs upon entry or exit
Entry costs
4,00% of the amount you pay in when entering this investment. This is the most you will be charged. Carmignac Gestion doesn't charge any entry fee. The person selling you the product will inform you of the actual charge.
Exit costs
We do not charge an exit fee for this product.
Ongoing costs taken each year
Management fees and other administrative or operating costs
1,82% of the value of your investment per year. This estimate is based on actual costs over the past year.
Transaction Cost
0,76% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
Incidental costs taken under specific conditions
Performance fees
20,00% when the share class overperforms the Reference indicator during the performance period. It will be payable also in case the share class has overperformed the reference indicator but had a negative performance. Underperformance is clawed back for 5 years. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
Risks
Main Risks of the Fund
Equity
The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.
Interest Rate
Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
Credit
Credit risk is the risk that the issuer may default.
Emerging Markets
Operating conditions and supervision in "emerging" markets may deviate from the standards prevailing on the large international exchanges and have an impact on prices of listed instruments in which the Fund may invest.
Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.
Risk Scale from the KID / KIID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.
Price of the unit (FCP), shares (SICAV, OEIC).
The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation that requires asset managers to classify their funds as either "Article 8" funds that promote environmental and social characteristics, or "Article 9" funds that promote sustainable investment with measurable objectives, or "Article 6" funds that do not promote environmental or social characteristics and have no sustainable objectives.
A bond’s modified duration measures the risk attached to a given change in the interest rate. Modified duration of +2 means that for an instantaneous 1% rate increase, the portfolio’s value would drop by 2%.
Average of the prices of a sample of representative securities of a market, sector, etc. This average, which generally takes the form of a stock index, reflects the general trend on the market. It thus makes it possible to measure the performance of a fund compared to an entity independent of the management company, (e.g. CAC 40, Euro Stoxx 50).
Environmental, Social and Governance.
Société d’Investissement à Capital Variable (Open-ended investment company with variable capital).
Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. EU Act that requires asset managers to classify funds into categories, “Article 8” funds promote environmental and social characteristics, “Article 9” funds have sustainable investments as a measurable objective. In addition to not promoting environmental or social characteristics, "Article 6" funds have no sustainable objectives. For more information, please refer to https://eur-lex.europa.eu/eli/reg/2019/2088 .
Fonds Commun de Placement (French common fund).
An issuer corresponds to the entity which issue a financial instrument. A single issuer can issue several financial instruments with different characteristics. Therefore, in a portfolio construction a portfolio manager can select several financial instruments issued by the same issuer.
Undertakings for Collective Investments in Transferable Securities. UCITS funds are authorised funds that can be sold in any country in the EU. UCITS III regulations allow funds to invest in a wider range of financial instruments, including derivatives.
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