# PROFILE
SFDR Fund Classification: Article 8
Domicile: Luxembourg Dividend Policy: Accumulation Fund Type: UCITS
Legal Form: SICAV
SICAV Name: Carmignac Portfolio
140
120
100
80
06/19
01/20
01/21
01/22
43.6%
41.5%
01/23
Fiscal Year End: 31/12
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/05/2019 Date of 1st NAV: 31/05/2019 Base Currency: EUR
Fund AUM: 52M€ / 56M$ (1)
Share class AUM: 1.5M€
Carmignac Portfolio Family Governed FW EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 31/01/2023 - Net of fees)
Annualised Performance
	Cumulative Performance (%)		(%)
NAV: 141.50€
Morningstar Category™: Global Large-Cap Growth Equity
01/2023
|  | Since 30/12/2022 | 1 Month | 1 Year | 3 Years | Since 31/05/2019 |  | 3 Years | Since 31/05/2019 | FUND MANAGER(S) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FW EUR Acc | 3.4 | 3.4 | -6.4 | 24.8 | 41.5 |  | 7.7 | 9.9 | Mark Denham since 31/05/2019 |
| Reference Indicator | 5.3 | 5.3 | -5.0 | 24.4 | 43.6 |  | 7.5 | 10.3 | Obe Ejikeme since 31/05/2019 |
| Category Average | 5.9 | 5.9 | -9.4 | 15.8 | 34.5 |  | 5.0 | 8.4 |  |
| Ranking (Quartile) | 4 | 4 | 2 | 1 | 2 |  | 1 | 2 | REFERENCE INDICATOR |

Source: Morningstar for the category average and quartiles.
| STATISTICS (%) |  |  |  | VAR |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 | Years |  | Fund VaR | 12.7% |  | Equity Portfolio | 3.5% |
| Fund Volatility | 19.6 | 19.8 |  | Indicator VaR | 11.7% |  | Total | 3.5% |
| Indicator Volatility | 16.3 | 18.7 |  |  |  |  | Gross monthly performance |  |
| Sharpe Ratio | -0.3 | 0.4 |  |  |  |  |  |  |
| Beta | 1.0 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.0 | 0.0 |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |  |


## PERFORMANCE
MSCI ACWI (USD) (Reinvested Net Dividends).

## OTHER ESG CHARACTERISTICS
Minimum % Taxonomy Alignment	0%
Minimum % Sustainable Investments	50%
Principal Adverse Impact Indicators	Yes
(1) Exchange Rate EUR/USD as of 31/01/2023.

## ASSET ALLOCATION
Equities	94.1%
Developed Countries	92.9%
North America	58.8%

## SECTOR BREAKDOWN
Healthcare Industrials
40.4%
Asia-Pacific	1.4%
Europe	32.7%
Emerging Markets	1.3%
Asia	1.3%
Cash, Cash Equivalents and Derivatives Operations	5.9%
Rebased weights
Information Technology Consumer Staples Consumer Discretionary
Financials

## CAPITALISATION BREAKDOWN	NET CURRENCY EXPOSURE OF THE FUND
|  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Large (>10000 MEUR) |  |  | 87.2% |  | EUR |  | 25.5% |
|  |  |  |  |  |  |  |  |
| Mid (2000 - 10000 MEUR) |  | 12.8% |  |  | CHF | 5.8% |  |
| Rebased weights |  |  |  |  |  |  |  |  |
|  | US Dollar |  |  | 58.7% |
| JPY | 1.4% |  |  |
| ASIAN BLOC | 1.3% |  |  |
| Others | 7.4% |  |  |

| TOP TEN |  |  |  |  | GEOGRAPHIC BREAKDOWN |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Name | Country | Sector | % |  |  | USA |  |  | 62.5% |
| COPART INC | USA | Industrials | 6.2% |  |  | France |  | 12.9% |  |
| NOVO NORDISK AS | Denmark | Healthcare | 6.0% |  |  |  |  |  |  |
|  |  |  |  | Denmark | 7.8% |
| DANAHER CORP | USA | Healthcare | 5.6% |  |  |
| VEEVA SYSTEMS INC | USA | Healthcare | 4.8% | Switzerland | 6.1% |
| ESTEE LAUDER COMPANIES INC | USA | Consumer Staples | 4.4% | Germany | 6.1% |
| ELI LILLY & CO. | USA | Healthcare | 4.2% | Italy | 2.0% |

CINTAS CORP.	USA	Industrials	3.7%
PAYCHEX INC.	USA	Information Technology	3.5%
L'OREAL SA	France	Consumer Staples		3.3% MARRIOTT INTERNATIONAL INC. CL USA	Consumer Discretionary		3.2% Total			44.9%
Rebased weights
Japan Hong Kong

Translation (ENFR, 2023-01-31):
# PROFIL
Classification SFDR : Article 8
Domicile : Luxembourg
Affectation des résultats : Capitalisation
Type de fonds : UCITS
Forme juridique : SICAV
Nom de la SICAV : Carmignac Portfolio Fin de l’exercice fiscal : 31/12 Souscription/Rachat : Jour ouvrable
140
120
100
80
06/19
01/20
01/21
01/22
41.5%
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 : 31/05/2019
Devise de cotation : EUR
Actifs sous gestion du Fonds : 52M€ / 56M$ (1)
Encours de la part : 1.5M€
Carmignac Portfolio Family Governed FW EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 31/01/2023 - Net de frais)
Performances annualisées
	Performances cumulées (%)		(%)
VL : 141.50€
Catégorie Morningstar™ : Global Large-Cap Growth Equity
01/2023
|  | Depuis le 30/12/2022 | 1 Mois | 1 an | 3 ans | Depuis le 31/05/2019 |  | 3 ans | Depuis le 31/05/2019 | GÉRANT(S) DU FONDS |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FW EUR Acc | 3.4 | 3.4 | -6.4 | 24.8 | 41.5 |  | 7.7 | 9.9 | Mark Denham depuis le 31/05/2019 |
| Indicateur de référence | 5.3 | 5.3 | -5.0 | 24.4 | 43.6 |  | 7.5 | 10.3 | Obe Ejikeme depuis le 31/05/2019 |
| Moyenne de la catégorie | 5.9 | 5.9 | -9.4 | 15.8 | 34.5 |  | 5.0 | 8.4 |  |
| Classement (quartile) | 4 | 4 | 2 | 1 | 2 |  | 1 | 2 | INDICATEUR DE RÉFÉRENCE |

Source : Morningstar pour la moyenne de la catégorie et les quartiles.
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 12.7% |  | Portefeuille actions | 3.5% |
| Volatilité du fonds | 19.6 | 19.8 |  | VaR de l'indicateur | 11.7% |  | Total | 3.5% |
| Volatilité du benchmark | 16.3 | 18.7 |  |  |  |  | Performances brutes mensuelles |  |
| Ratio de Sharpe | -0.3 | 0.4 |  |  |  |  |  |  |
| Bêta | 1.0 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.0 | 0.0 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |


## CONTRIBUTION À LA
MSCI ACWI (USD) (Dividendes nets réinvestis).

## AUTRES CARACTERISTIQUES ESG
Minimum % d’alignement à la Taxonomie	0%
Minimum % d’investissements durables	50%
Principales Incidences Négatives (PAI)	Oui
(1) Taux de change EUR/USD au 31/01/2023.

## ALLOCATION D'ACTIFS
Actions	94.1%
Pays développés	92.9%
Amérique du Nord	58.8%

## RÉPARTITION SECTORIELLE
Santé Industrie
40.4%
Asie Pacifique	1.4%
Europe	32.7%
Pays émergents	1.3%
Asie	1.3%
Liquidités, emplois de trésorerie et opérations sur dérivés	5.9%
Poids rebasés
Technologies de l'Information Biens de Consommation de Base Consommation Discrétionnaire
Finance

## RÉPARTITION PAR CAPITALISATION
Grandes (>10000 MEUR)	87.2%

## EXPOSITION NETTE PAR DEVISE
Euro
Poids rebasés
Moyennes (2000 - 10000MEUR)
Franc suisse Dollar US
58.7%
Yen
Bloc Asie ex Japon
Autres
| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Nom | Pays | Secteur | % |  | Etats-Unis |  |  | 62.5% |
| COPART INC | Etats-Unis | Industrie | 6.2% |  | France |  | 12.9% |  |
| NOVO NORDISK AS | Danemark | Santé | 6.0% |  |  |  |  |  |
|  |  |  |  |  | Danemark | 7.8% |
| DANAHER CORP | Etats-Unis | Santé | 5.6% |  |  |  |
| VEEVA SYSTEMS INC | Etats-Unis | Santé | 4.8% |  | Suisse | 6.1% |
| ESTEE LAUDER COMPANIES INC | Etats-Unis | Biens de Consommation de Base | 4.4% |  | Allemagne | 6.1% |
| ELI LILLY & CO. | Etats-Unis | Santé | 4.2% |  | Italie | 2.0% |
| CINTAS CORP. | Etats-Unis | Industrie | 3.7% |  | Japon | 1.4% |
| PAYCHEX INC. | Etats-Unis | Technologies de l'Information | 3.5% |  | Hong Kong | 1.3% |
| L'OREAL SA | France | Biens de Consommation de Base | 3.3% | Poids rebasés |  |  |
| MARRIOTT INTERNATIONAL INC. CL | Etats-Unis | Consommation Discrétionnaire | 3.2% |  |  |  |
| Total |  |  | 44.9% |  |  |  |