# PROFILE
SFDR Fund Classification: Article 9
Domicile: Luxembourg Dividend Policy: Accumulation Fund Type: UCITS
Legal Form: SICAV eligible for the PEA SICAV Name: Carmignac Portfolio Fiscal Year End: 31/12 Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00
200
175
150
125
100
75
50
08/12 12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
12/21
97.6%
12/22
(CET/CEST)
Fund Inception Date: 30/06/1999 Date of 1st NAV: 19/07/2012 Base Currency: USD
Fund AUM: 668M€ / 713M$ (1)
Share class AUM: 1.8M$
NAV: 213.09$

## FUND MANAGER(S)
Carmignac Portfolio Grande Europe A USD Acc Hdg	Reference Indicator	Mark Denham since 17/11/2016
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 30/12/2022 - Net of fees)
Mark Denham since 17/11/2016

## REFERENCE INDICATOR
Stoxx 600 (Reinvested Net Dividends).
Cumulative Performance (%)	Annualised Performance (%)
1
Month
1
Year
3
Years
5
Years
10
Years
3
Years
5
Years
10
Years
Since 17/11/2016
A USD Acc Hdg	-2.7	-18.6	16.1	47.8	106.9	5.1	8.1	7.5	9.7
Reference Indicator	-3.4	-10.6	9.4	23.8	97.6	3.0	4.4	7.0	6.3

## PERFORMANCE
| STATISTICS (%) |  |  |  | VAR |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 | Years |  | Fund VaR | 14.0% |  | Equity Portfolio | -2.9% |
| Fund Volatility | 21.8 | 22.6 |  | Indicator VaR | 12.9% |  | Equity Derivatives | -0.0% |
| Indicator Volatility | 17.3 | 21.9 |  |  |  |  | Total | -2.9% |
| Sharpe Ratio | -0.9 | 0.2 |  |  |  |  | Gross monthly performance |  |
| Beta | 1.1 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.1 | -0.1 |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |  |

* For the share class Carmignac Portfolio Grande Europe A USD Acc Hdg. 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 30/12/2022.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |
| Equities | 98.8% |  |  | Healthcare |  |  | 43.3% |
| European Union | 76.9% |  | Technology |  | 18.8% |  |
| Germany | 12.0% |  |  |  |  |  |  |
|  |  | Industrials | 10.8% |
| Belgium | 4.7% |  |  |
| Denmark | 25.6% | Financials | 9.9% |
| Spain | 2.6% | Consumer Discretionary | 7.7% |
| France | 15.4% | Utilities | 5.0% |
| Ireland | 2.9% |  |  |  |  |  |  |
| Netherlands |  | 8.2% |  | Rebased weights | Energy | 4.5% |  |  |
| Sweden |  | 5.7% |  |  |  |  |  |  |
| ex European Union |  | 21.9% |  |  |  |  |  |  |
| United Kingdom |  | 8.3% |  |  |  |  |  |  |
| Switzerland |  | 13.5% |  |  |  |  |  |  |
| Cash, Cash Equivalents and Derivatives Operations |  | 1.2% |  |  |  |  |  |  |
| CAPITALISATION BREAKDOWN |  |  |  | NET CURRENCY EXPOSURE OF THE FUND |  |  |
|  |  |  |  |  |  |  |  |  |
| Large (>10000 MEUR) |  | 86.8% |  |  | EUR |  |  | 46.4% |
|  |  |  |  |  |  |  |  |  |
| Mid (2000 - 10000 MEUR) | 10.2% |  |  |  | CHF |  | 13.4% |  |
|  | Small (<2000 MEUR) | 3.0% |  | US Dollar | 0.7% |  |  |
| Rebased weights |  |  |  |  |  |  |  |
|  |  |  |  | GBP |  | 8.3% |  |
|  |  |  |  | Latin America | 0.0% |  |  |
|  |  |  |  | Others |  |  | 31.2% |
| TOP TEN |  |  |  |  |
| Name | Country | Sector | % |
| NOVO NORDISK AS | Denmark | Healthcare | 9.5% |
| SAP SE | Germany | Technology | 6.3% |
| ALCON | Switzerland | Healthcare | 5.0% |
| ORSTED | Denmark | Utilities | 4.9% |
| LONZA GROUP AG | Switzerland | Healthcare | 4.8% |
| ARGENX SE | Belgium | Healthcare | 4.7% |
| VESTAS WIND SYSTEMS | Denmark | Energy | 4.5% |
| GENMAB AS | Denmark | Healthcare | 4.4% |
| L'OREAL SA | France | Consumer Discretionary | 4.4% |
| ASML HOLDINGS | Netherlands | Technology | 4.2% |
| Total |  |  | 52.8% |

Translation (ENFR, 2022-12-30):
# PROFIL
Classification SFDR : Article 9
Domicile : Luxembourg
Affectation des résultats : Capitalisation
Type de fonds : UCITS
Forme juridique : SICAV éligible au PEA Nom de la SICAV : Carmignac Portfolio Fin de l’exercice fiscal : 31/12 Souscription/Rachat : Jour ouvrable
Heure limite de passation d’ordres : avant
200
175
150
125
100
75
50
08/12 12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
12/21
106.9%
97.6%
12/22
18:00 heures (CET/CEST)
Date de lancement du Fonds : 30/06/1999
Date de la 1ère VL : 19/07/2012
Devise de cotation : USD
Actifs sous gestion du Fonds : 668M€ / 713M$ (1)
Encours de la part : 1.8M$
VL : 213.09$

## GÉRANT(S) DU FONDS
Carmignac Portfolio Grande Europe A USD Acc Hdg	Indicateur de référence	Mark Denham depuis le 17/11/2016
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 30/12/2022 - Net de frais)
Performances cumulées (%)	Performances annualisées (%)
Mark Denham depuis le 17/11/2016

## INDICATEUR DE RÉFÉRENCE
Stoxx 600 (Dividendes nets réinvestis).
1
Mois
1	3
an	ans
5
ans
10
ans
3
ans
5
ans
10
ans
Depuis le 17/11/2016
A USD Acc Hdg	-2.7	-18.6	16.1	47.8	106.9	5.1	8.1	7.5	9.7
Indicateur de référence	-3.4	-10.6	9.4	23.8	97.6	3.0	4.4	7.0	6.3

## CONTRIBUTION À LA
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 14.0% |  | Portefeuille actions | -2.9% |
| Volatilité du fonds | 21.8 | 22.6 |  | VaR de l'indicateur | 12.9% |  | Derivés actions | -0.0% |
| Volatilité du benchmark | 17.3 | 21.9 |  |  |  |  | Total | -2.9% |
| Ratio de Sharpe | -0.9 | 0.2 |  |  |  |  | Performances brutes mensuelles |  |
| Bêta | 1.1 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.1 | -0.1 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |

* Pour la part Carmignac Portfolio Grande Europe A USD Acc Hdg. 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 30/12/2022.
| ALLOCATION D'ACTIFS |  |  | RÉPARTITION SECTORIELLE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Actions | 98.8% |  |  | Santé |  | 43.3% |
| Union Européenne	76.9%	Technologie	18.8% Allemagne	12.0% |
|  |  | Industrie | 10.8% |
| Belgique | 4.7% |  |  |
| Danemark | 25.6% | Sociétés financières | 9.9% |
| Espagne | 2.6% | Consommation Discrétionnaire | 7.7% |
| France | 15.4% | Services aux collectivités | 5.0% |

Irlande	2.9%
Pays-Bas	8.2%
Suède	5.7%
Hors Union Européenne	21.9%
Royaume-Uni	8.3%
Suisse	13.5%
Poids rebasés
Energie
| Liquidités, emplois de trésorerie et opérations | sur dérivés | 1.2% |  |  |  |
| --- | --- | --- | --- | --- | --- |
| RÉPARTITION PAR CAPITALISATION |  |  |  | EXPOSITION NETTE PAR DEVISE |
|  |  |  |  |  |  |  |  |  |
| Grandes (>10000 MEUR) |  | 86.8% |  | Euro |  |  |  | 46.4% |
|  |  |  |  |  |  |  |  |  |
| Moyennes (2000 - 10000MEUR) | 10.2% |  |  | Franc suisse |  | 13.4% |  |  |
| Petites (<2000 MEUR) | 3.0% |  |  | Dollar US | 0.7% |  |  |  |
| Poids rebasés |  |  |  |  |  |  |  |  |
|  |  |  |  | Livre Sterling |  | 8.3% |  |  |
|  |  |  |  | Bloc LATAM | 0.0% |  |  |  |
|  |  |  |  | Autres |  |  | 31.2% |  |
| PRINCIPALES POSITIONS |  |  |  |  |  |  |  |  |
| Nom	Pays | Secteur | % |  |  |  |  |  |  |
| NOVO NORDISK AS	Danemark | Santé | 9.5% |  |  |  |  |  |  |
| SAP SE	Allemagne | Technologie | 6.3% |  |  |  |  |  |  |
| ALCON	Suisse | Santé | 5.0% |  |  |  |  |  |  |
| ORSTED	Danemark | Services aux collectivités | 4.9% |  |  |  |  |  |  |
| LONZA GROUP AG	Suisse | Santé | 4.8% |  |  |  |  |  |  |
| ARGENX SE	Belgique | Santé | 4.7% |  |  |  |  |  |  |
| VESTAS WIND SYSTEMS	Danemark | Energie | 4.5% |  |  |  |  |  |  |
| GENMAB AS	Danemark | Santé | 4.4% |  |  |  |  |  |  |
| L'OREAL SA	France | Consommation Discrétionnaire | 4.4% |  |  |  |  |  |  |
| ASML HOLDINGS	Pays-Bas | Technologie | 4.2% |  |  |  |  |  |  |
| Total |  | 52.8% |  |  |  |  |  |  |