# KEY FIGURES
| Equity Investment Rate | 98.1% |
| --- | --- |
| Net Equity Exposure | 98.1% |
| Number of Equity Stocks | 41 |
| Active Share | 87.7% |

PROFILE
SFDR Fund Classification: Article 9
Domicile: Luxembourg Dividend Policy: Distribution Fund Type: UCITS
Legal Form: SICAV
SICAV Name: Carmignac Portfolio
Fiscal Year End: 31/12
100
80
01/22
04/22
07/22
10/22
-3.6%
-15.1%
01/23
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/05/2019 Date of 1st NAV: 31/12/2021 Base Currency: GBP
Fund AUM: 81M€ / 88M$ (1)
Share class AUM: 16978£
Carmignac Portfolio Grandchildren FW GBP Ydis	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 31/01/2023 - Net of fees)
Annualised
	Cumulative Performance (%)		Performance (%)
NAV: 84.89£
Morningstar Category™: Global Large-Cap Growth Equity

## FUND MANAGER(S)
Mark Denham since 31/05/2019
Since 30/12/2022
1
Month
1
Year
Since 31/12/2021
Since 31/12/2021
Obe Ejikeme since 31/05/2019
FW GBP Ydis	5.5	5.5	-6.2	-15.1		-14.0	

## REFERENCE INDICATOR
| Reference Indicator | 4.6 | 4.6 | 0.9 | -3.6 | -3.3 | MSCI WORLD (USD) (Reinvested Net Dividends). |
| --- | --- | --- | --- | --- | --- | --- |
| Category Average | 5.3 | 5.3 | -4.4 | -13.2 | -12.3 |  |
| Ranking (Quartile) | 2 | 2 | 3 | 3 | 3 | OTHER ESG CHARACTERISTICS |

Source: Morningstar for the category average and quartiles.

## PERFORMANCE
Minimum % Taxonomy Alignment	0%
Minimum % Sustainable Investments	80%
Principal Adverse Impact Indicators	Yes
| STATISTICS (%) |  |  | VAR |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year |  | Fund VaR | 14.6% |  | Equity Portfolio | 6.2% |
| Fund Volatility | 20.8 |  | Indicator VaR | 12.4% |  | Total | 6.2% |
| Indicator Volatility | 16.1 |  |  |  |  | Gross monthly performance |  |
| Sharpe Ratio | -0.3 |  |  |  |  |  |  |
| Beta | 1.2 |  |  |  |  |  |  |
| Alpha | -0.0 |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |

* For the share class Carmignac Portfolio Grandchildren FW GBP Ydis. Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.
(1) Exchange Rate EUR/USD as of 31/01/2023.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Equities | 98.1% |  | Information Technology |  | 36.3% |
| Developed Countries | 98.1% |  | Healthcare |  | 32.2% |

North America	67.4%
Europe	30.8%
Cash, Cash Equivalents and Derivatives Operations	1.9%
Consumer Staples
Industrials Financials
Consumer Discretionary
Communication Services
Utilities
Rebased weights

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)	94.6%

## NET CURRENCY EXPOSURE OF THE FUND
EUR
Rebased weights
Mid (2000 - 10000 MEUR)
CHF
US Dollar
67.2%
GBP
Others

## TOP TEN
Name	Country	Sector		% MICROSOFT CORP	USA	Information Technology	6.8% NOVO NORDISK AS	Denmark	Healthcare	5.9%
THERMO FISHER SCIENTIFIC INC  USA	Healthcare	5.5%

## GEOGRAPHIC BREAKDOWN
USA
Denmark Germany
68.7%
ELI LILLY & CO.	USA	Healthcare	4.1%
NVIDIA CORP	USA	Information Technology	4.0%
RESMED	USA	Healthcare	4.0% ESTEE LAUDER COMPANIES INC  USA	Consumer Staples	3.5%
PROCTER & GAMBLE CO/THE  USA	Consumer Staples		3.4% SAP SE	Germany	Information Technology		3.3% COLGATE-PALMOLIVE CO	USA	Consumer Staples		3.1% Total			43.6%
Rebased weights
Netherlands
France Switzerland
Sweden Spain Ireland Italy

Translation (ENFR, 2023-01-31):
# CHIFFRES CLÉS
| Taux d'investissement actions | 98.1% |
| --- | --- |
| Taux d'exposition nette actions | 98.1% |
| Nombre d'actions | 41 |
| Active Share | 87.7% |

PROFIL
Classification SFDR : Article 9
Domicile : Luxembourg
Affectation des résultats : Distribution
Type de fonds : UCITS
Forme juridique : SICAV
Nom de la SICAV : Carmignac Portfolio Fin de l’exercice fiscal : 31/12 Souscription/Rachat : Jour ouvrable
100
80
01/22
04/22
07/22
10/22
-3.6%
-15.1%
01/23
Heure limite de passation d’ordres : avant 18:00 heures (CET/CEST)
Date de lancement du Fonds : 31/05/2019
Date de la 1ère VL : 31/12/2021
Devise de cotation : GBP
Actifs sous gestion du Fonds : 81M€ / 88M$ (1)
Encours de la part : 16978£
Carmignac Portfolio Grandchildren FW GBP Ydis	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 31/01/2023 - Net de frais)
Performances
	Performances cumulées (%)		annualisées (%)
VL : 84.89£
Catégorie Morningstar™ : Global Large-Cap Growth Equity

## GÉRANT(S) DU FONDS
Mark Denham depuis le 31/05/2019
Depuis le 30/12/2022
1
Mois
1	Depuis le
an	31/12/2021
Depuis le 31/12/2021
Obe Ejikeme depuis le 31/05/2019
FW GBP Ydis	5.5	5.5	-6.2	-15.1		-14.0	

## INDICATEUR DE RÉFÉRENCE
| Indicateur de référence | 4.6 | 4.6 | 0.9 | -3.6 | -3.3 | MSCI WORLD (USD) (dividendes nets réinvestis). |
| --- | --- | --- | --- | --- | --- | --- |
| Moyenne de la catégorie | 5.3 | 5.3 | -4.4 | -13.2 | -12.3 |  |
| Classement (quartile) | 2 | 2 | 3 | 3 | 3 | AUTRES CARACTERISTIQUES ESG |

Source : Morningstar pour la moyenne de la catégorie et les quartiles.

## CONTRIBUTION À LA
Minimum % d’alignement à la Taxonomie	0%
Minimum % d’investissements durables	80%
Principales Incidences Négatives (PAI)	Oui
| STATISTIQUES (%) |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an |  | VaR du Fonds | 14.6% |  | Portefeuille actions | 6.2% |
| Volatilité du fonds | 20.8 |  | VaR de l'indicateur | 12.4% |  | Total | 6.2% |
| Volatilité du benchmark | 16.1 |  |  |  |  | Performances brutes mensuelles |  |
| Ratio de Sharpe | -0.3 |  |  |  |  |  |  |
| Bêta | 1.2 |  |  |  |  |  |  |
| Alpha | -0.0 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |

* Pour la part Carmignac Portfolio Grandchildren FW GBP Ydis. Echelle de risque du KID (Document d’Informations Clés). Le risque 1 ne signifie pas un investissement sans risque. Cet indicateur pourra évoluer dans le temps. (1) Taux de change EUR/USD au 31/01/2023.
| ALLOCATION D'ACTIFS |  |  | RÉPARTITION SECTORIELLE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Actions | 98.1% |  | Technologies de l'Information |  | 36.3% |
| Pays développés | 98.1% |  | Santé |  | 32.2% |

Amérique du Nord	67.4%
Europe	30.8%
Liquidités, emplois de trésorerie et opérations sur dérivés	1.9%
Biens de Consommation de Base
Industrie Finance
Consommation Discrétionnaire
Services de Communication
Services aux collectivités
Poids rebasés

## RÉPARTITION PAR CAPITALISATION
Grandes (>10000 MEUR)	94.6%

## EXPOSITION NETTE PAR DEVISE
Euro
Poids rebasés
Moyennes (2000 - 10000MEUR)
Franc suisse Dollar US
67.2%
Livre Sterling
Autres
| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Nom | Pays | Secteur | % |  | Etats-Unis |  |  | 68.7% |
| MICROSOFT CORP | Etats-Unis | Technologies de l'Information | 6.8% |  | Danemark |  | 7.3% |  |
| NOVO NORDISK AS | Danemark | Santé | 5.9% |  |  |  |  |  |
| THERMO FISHER SCIENTIFIC INC | Etats-Unis | Santé | 5.5% | Allemagne | 6.6% |
| ELI LILLY & CO. | Etats-Unis | Santé | 4.1% | Pays-Bas | 4.2% |
| NVIDIA CORP | Etats-Unis | Technologies de l'Information | 4.0% | France | 3.1% |
| RESMED | Etats-Unis | Santé | 4.0% | Suisse | 2.8% |
| ESTEE LAUDER COMPANIES INC | Etats-Unis | Biens de Consommation de | 3.5% |  |  |  |  |  |  |
|  |  | Base |  |  | Suède | 2.8% |
| PROCTER & GAMBLE CO/THE | Etats-Unis | Biens de Consommation de Base | 3.4% |  | Espagne | 2.2% |
| SAP SE | Allemagne | Technologies de l'Information | 3.3% |  | Irlande | 2.1% |
| COLGATE-PALMOLIVE CO | Etats-Unis | Biens de Consommation de | 3.1% |  | Italie | 0.2% |
|  |  | Base |  | Poids rebasés |  |  |
| Total |  |  | 43.6% |  |  |  |