# PROFILE
SFDR Fund Classification: Article 9
Domicile: Luxembourg
Dividend Policy: Accumulation
140
120
100
80
06/19
09/19
09/20
09/21
35.3%
31.7%
09/22
Fund Type: UCITS
Legal Form: SICAV
SICAV Name: Carmignac Portfolio Fiscal Year End: 31/12 Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/05/2019
Carmignac Portfolio Family Governed A EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 30/09/2022 - Net of fees)
|  | Since 31/12/2021 | 1 Month | 1 Year | 3 Years | Since 31/05/2019 |  | 3 Years | Since 31/05/2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A EUR Acc | -19.6 | -6.4 | -13.8 | 24.4 | 31.7 |  | 7.5 | 8.6 |
| Reference Indicator | -13.7 | -7.2 | -6.1 | 24.3 | 35.3 |  | 7.5 | 9.5 |
| Category Average | -21.7 | -7.3 | -16.7 | 19.0 | 27.6 |  | 6.0 | 7.6 |
| Ranking (Quartile) | 2 | 1 | 2 | 2 | 2 |  | 2 | 2 |

Annualised Performance
Date of 1st NAV: 31/05/2019
Base Currency: EUR
Fund AUM: 28M€ / 27M$ (1) Share class AUM: 25M€ NAV: 131.68€
Cumulative Performance (%)
(%)
Morningstar Category™: Global Large-Cap Growth Equity
Source: Morningstar for the category average and quartiles.
| STATISTICS (%) |  |  |  | VAR |  |  | PERFORMANCE CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 | Years |  | Fund VaR | 11.5% |  | Equity Portfolio | -5.8% |
| Fund Volatility | 20.2 | 19.3 |  | Indicator VaR | 11.7% |  | Equity Derivatives | -0.4% |
| Indicator Volatility | 16.6 | 18.5 |  |  |  |  | Total | -6.2% |
| Sharpe Ratio | -0.7 | 0.4 |  |
| Beta | 1.1 | 0.8 |
| Alpha | -0.1 | -0.1 |
| Calculation : Weekly basis |  |  |


## MONTHLY GROSS
09/2022

## FUND MANAGER(S)
Mark Denham since 31/05/2019 Obe Ejikeme since 31/05/2019

## REFERENCE INDICATOR
MSCI ACWI (USD) (Reinvested Net Dividends).
* For the share class Carmignac Portfolio Family Governed A EUR Acc. Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. (1) Exchange Rate EUR/USD as of 30/09/2022.

## ASSET ALLOCATION
Equities	87.1%

## SECTOR BREAKDOWN
Healthcare
43.5%
Developed Countries	83.4%
North America	52.4%
Consumer Discretionary
|  | Industrials |  | 12.9% |
| --- | --- | --- | --- |
| Asia-Pacific | 2.4% |  |  |  |
| Europe | 28.6% | Information Technology |  | 12.7% |
|  |  |  |  |  |
| Emerging Markets | 3.8% | Consumer Staples |  | 8.8% |
| Asia | 3.8% | Financials |  | 4.3% |

Cash, Cash Equivalents and Derivatives Operations	12.9%
Rebased weights
Communication Services

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)	95.8%

## NET CURRENCY EXPOSURE OF THE FUND
EUR
Rebased weights
Mid (2000 - 10000 MEUR)
CHF
US Dollar
52.3%
JPY
ASIAN BLOC
Others

## TOP TEN
Name	Country	Sector	%
ELI LILLY & CO.	USA	Healthcare	6.3%
DANAHER CORP	USA	Healthcare	6.1%
NOVO NORDISK AS	Denmark	Healthcare	5.6%

## GEOGRAPHIC BREAKDOWN
USA
France Denmark
60.1%
VEEVA SYSTEMS INC-CLASS A   USA	Healthcare	4.6%
COPART INC	USA	Industrials	4.3% ESTEE LAUDER COMPANIES INC  USA	Consumer Staples	4.2%
PAYCHEX INC.	USA	Information Technology	3.9%
CINTAS CORP.	USA	Industrials	3.7% MASTERCARD INC	USA	Information Technology	3.3% ROCHE HOLDING	Switzerland	Healthcare	3.2%
Total	45.2%
Rebased weights
Switzerland Germany China Japan Italy
Hong Kong

Translation (ENFR, 2022-09-30):
# PROFIL
Classification SFDR : Article 9
Domicile : Luxembourg
Affectation des résultats : Capitalisation
Type de fonds : UCITS
Forme juridique : SICAV
140
120
100
80
06/19
09/19
09/20
09/21
35.3%
31.7%
09/22
Nom de la SICAV : Carmignac Portfolio Fin de l’exercice fiscal : 31/12 Souscription/Rachat : Jour ouvrable
Heure limite de passation d’ordres : avant 18:00 heures (CET/CEST)
Date de lancement du Fonds : 31/05/2019
Carmignac Portfolio Family Governed A EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 30/09/2022 - Net de frais)
Performances annualisées
|  | Depuis le | 1 | 1 | 3 | Depuis le |  | 3 | Depuis le |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 31/12/2021 | Mois | an | ans | 31/05/2019 |  | ans | 31/05/2019 |
| A EUR Acc | -19.6 | -6.4 | -13.8 | 24.4 | 31.7 |  | 7.5 | 8.6 |
| Indicateur de référence | -13.7 | -7.2 | -6.1 | 24.3 | 35.3 |  | 7.5 | 9.5 |
| Moyenne de la catégorie | -21.7 | -7.3 | -16.7 | 19.0 | 27.6 |  | 6.0 | 7.6 |
| Classement (quartile) | 2 | 1 | 2 | 2 | 2 |  | 2 | 2 |

	Performances cumulées (%)		(%)
Date de la 1ère VL : 31/05/2019
Devise de cotation : EUR
Actifs sous gestion du Fonds : 28M€ / 27M$ (1)
Encours de la part : 25M€
VL : 131.68€
Catégorie Morningstar™ : Global Large-Cap Growth Equity
Source : Morningstar pour la moyenne de la catégorie et les quartiles.
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE BRU MENSUELLE | TE |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 11.5% |  | Portefeuille actions | -5.8% |
| Volatilité du fonds | 20.2 | 19.3 |  | VaR de l'indicateur | 11.7% |  | Derivés actions | -0.4% |
| Volatilité du benchmark | 16.6 | 18.5 |  |  |  |  | Total | -6.2% |
| Ratio de Sharpe | -0.7 | 0.4 |  |
| Bêta | 1.1 | 0.8 |
| Alpha | -0.1 | -0.1 |
| Calcul : pas hebdomadaire |  |  |


## CONTRIBUTION DE LA
09/2022

## GÉRANT(S) DU FONDS
Mark Denham depuis le 31/05/2019 Obe Ejikeme depuis le 31/05/2019

## INDICATEUR DE RÉFÉRENCE
MSCI ACWI (USD) (Dividendes nets réinvestis).
* Pour la part Carmignac Portfolio Family Governed A EUR Acc. Echelle de risque du DICI (Document d’Informations Clés pour l’Investisseur). Le risque 1 ne signifie pas un investissement sans risque. Cet indicateur pourra évoluer dans le temps. (1) Taux de change EUR/USD au 30/09/2022.
| ALLOCATION D'ACTIFS |  |  | RÉPARTITION SECTORIELLE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Actions | 87.1% |  |  | Santé |  | 43.5% |

Pays développés	83.4%
Amérique du Nord	52.4%
Consommation Discrétionnaire
|  | Industrie | 12.9% |
| --- | --- | --- |
| Asie Pacifique | 2.4% |  |  |
| Europe | 28.6% | Technologies de l'Information | 12.7% |
|  |  |  |  |
| Pays émergents | 3.8% | Biens de Consommation de Base | 8.8% |
| Asie | 3.8% | Finance | 4.3% |
| Liquidités, emplois de trésorerie et opérations sur dérivés	12.9% Services de Communication	2.9% |
|  |  |  |  |  | Poids rebasés |  |  |  |  |  |
| RÉPARTITION PAR CAPITALISATION |  |  |  |  | EXPOSITION NETTE PAR DEVISE |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Grandes (>10000 MEUR) |  |  | 95.8% |  | Euro |  |  |  | 28.9% |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Moyennes (2000 - 10000MEUR) |  | 4.2% |  |  | Franc suisse |  |  | 5.6% |  |  |
| Poids rebasés |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Dollar US |  |  |  |  | 52.3% |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Yen |  |  | 2.4% |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Bloc Asie ex Japon |  |  | 3.8% |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Autres |  |  | 6.9% |  |  |
| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Nom	Pays |  | Secteur | % |  | Etats-Unis |  |  |  |  | 60.1% |
| ELI LILLY & CO.	Etats-Unis |  | Santé | 6.3% |  | France |  |  | 11.2% |  |  |
| DANAHER CORP	Etats-Unis |  | Santé | 6.1% |  |  |  |  |  |  |  |
| NOVO NORDISK AS | Danemark | Santé | 5.6% | Danemark | 8.0% |
| VEEVA SYSTEMS INC-CLASS A | Etats-Unis | Santé | 4.6% | Suisse | 6.6% |
| COPART INC | Etats-Unis | Industrie | 4.3% | Allemagne | 5.4% |
| ESTEE LAUDER COMPANIES INC | Etats-Unis | Biens de Consommation de | 4.2% | Chine | 2.8% |
|  |  | Base |  |  |  |
| PAYCHEX INC. | Etats-Unis | Technologies de l'Information | 3.9% | Japon | 2.7% |
| CINTAS CORP. | Etats-Unis | Industrie | 3.7% | Italie | 1.6% |

| MASTERCARD INC | Etats-Unis | Technologies de l'Information | 3.3% |  |
| --- | --- | --- | --- | --- |
| ROCHE HOLDING | Suisse | Santé | 3.2% | Poids rebasés |
| Total |  |  | 45.2% |  |

Hong Kong