# PROFILE
SFDR Fund Classification: Article 6
Domicile: France
Dividend Policy: Distribution
Fund Type: UCITS Legal Form: FCP Fiscal Year End: 30/06
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 13:00 (CET/CEST)
Fund Inception Date: 18/09/2020
Date of 1st NAV: 30/10/2020
Carmignac Credit 2025 F EUR Ydis
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 30/09/2022 - Net of fees)
Annualised
Base Currency: EUR
Fund AUM: 93M€ / 92M$ (1) Share class AUM: 12M€ NAV: 91.05€

## FUND MANAGER(S)
|  | Since 31/12/2021 | 1 Month | 1 Year | Since 30/10/2020 |  | Since 30/10/2020 | Alexandre Deneuville since 18/09/2020 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| F EUR Ydis | -16.0 | -4.4 | -16.3 | -7.4 |  | -3.9 | Florian Viros since 18/09/2020 |

	Cumulative Performance (%)	
  Performance (%)	
Pierre Verlé since 18/09/2020

## MONTHLY GROSS PERFORMANCE
| STATISTICS (%) |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- |
|  | 1 Year |  | Equity Portfolio | 0.1% |
| Fund Volatility | 5.7 |  | Bond Portfolio | -3.9% |
| Sharpe Ratio | -2.8 |  | Currency Derivatives | -0.6% |
| Calculation : Weekly basis |  |  | Total | -4.4% |

* For the share class Carmignac Credit 2025 F EUR Ydis. 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 |  |  | RATING BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |
| Bonds | 99.2% |  |  | AAA |  | 4.9% |  |
| Developed Countries Corporate Bonds | 47.3% |  |  | AA |  | 4.4% |  |

Consumer Discretionary	6.0%
Energy	9.7%
Financials	20.3%
Real Estate	3.9%
Industrials	2.3%
Materials	0.9%
Healthcare	1.2%
Utilities	0.5%
Communication Services	2.5%
Emerging Markets Corporate Bonds	17.3%
Consumer Staples	1.9%
Rebased weights

## GEOGRAPHIC BREAKDOWN
A BBB BB B CCC CC
39.5%
|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| Consumer Discretionary | 4.9% | Europe |  |  | 69.4% |
| Energy | 1.8% | North America |  | 13.2% |  |
| Financials | 3.2% |  |  |  |  |
|  |  | Latin America |  | 7.1% |  |
| Real Estate | 1.7% |  |  |  |  |

Materials	0.9%
Healthcare	1.4%
Communication Services	1.5%
ABS	34.6%
Equities	0.3%
Cash, Cash Equivalents and Derivatives Operations	0.5%
Rebased weights
Eastern Europe Middle East
Asia

## TOP TEN - BONDS
Name	Country	Sector	%
SANI/IKOS FIN 5.62% 15/07/2023 Greece	CCC+	2.8%

## FIXED INCOME BREAKDOWN
Fixed Rate Corporate Bonds
ABS
63.8%
| TOTALENERGIES 2.00% 17/01/2027 France | A- | 2.0% |  |
| --- | --- | --- | --- |
| GEOPARK 5.50% 17/01/2024	Colombia | B+ | 1.8% |
| MURPHY OIL CO 5.88% 01/12/2022 USA ALLWYN INTERN 3.88% 15/02/2023 Czech Republic | BB+ BB- | 1.7% 1.6% | Rebased weights |
| BP CAPITAL MA 3.62% 22/03/2029 United Kingdom | BBB+ | 1.5% |  |
| ENI SPA 3.38% 13/07/2029	Italy | BBB | 1.4% |  |
| UNITED GROUP 4.62% 15/08/2024 Netherlands | B | 1.2% |  |
| LIBERTY MUTUA 3.63% 23/05/2059 USA | BB+ | 1.2% |  |
| FTAI INFRA E 10.50% 01/06/2025  USA | B | 1.0% |  |
| Total |  | 16.0% |  |

Convertible Corporate Bonds Floating Rate Corporate Bonds

Translation (ENFR, 2022-09-30):
# PROFIL
Classification SFDR : Article 6
Domicile : France
Affectation des résultats : Distribution
Type de fonds : UCITS
Forme juridique : FCP
Fin de l’exercice fiscal : 30/06
Souscription/Rachat : Jour ouvrable
Heure limite de passation d’ordres : avant 13:00 heures (CET/CEST)
Date de lancement du Fonds : 18/09/2020
Date de la 1ère VL : 30/10/2020
Devise de cotation : EUR
11/20 12/20
03/21
06/21
09/21
12/21
03/22
06/22
09/22
Carmignac Credit 2025 F EUR Ydis

### PERFORMANCES CUMULÉES ET ANNUALISÉES (au 30/09/2022 - Net de frais)
Performances cumulées (%)
Performances annualisées (%)
Actifs sous gestion du Fonds : 93M€ / 92M$ (1)
Encours de la part : 12M€
VL : 91.05€

## GÉRANT(S) DU FONDS
Pierre Verlé depuis le 18/09/2020
|  | Depuis le | 1 | 1 | Depuis le |  | Depuis le | Alexandre Deneuville depuis le 18/0 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 31/12/2021 | Mois | an | 30/10/2020 |  | 30/10/2020 | Florian Viros depuis le 18/09/2020 |
| F EUR Ydis | -16.0 | -4.4 | -16.3 | -7.4 |  | -3.9 |  |

9/2020

## CONTRIBUTION DE LA PERFORMANCE
| STATISTIQUES (%) |  |  | BRUTE MENSUELLE |  |
| --- | --- | --- | --- | --- |
|  | 1 an |  | Portefeuille actions | 0.1% |
| Volatilité du fonds | 5.7 |  | Portefeuille taux | -3.9% |
| Ratio de Sharpe | -2.8 |  | Derivés devises | -0.6% |
| Calcul : pas hebdomadaire |  |  | Total | -4.4% |

* Pour la part Carmignac Credit 2025 F EUR Ydis. 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 PAR NOTATION |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |
| Obligations | 99.2% |  |  | AAA |  | 4.9% |  |
| Emprunts privés pays développés | 47.3% |  |  | AA |  | 4.4% |  |

Consommation Discrétionnaire	6.0%
Energie	9.7%
Finance	20.3%
Immobilier	3.9%
Industrie	2.3%
Matériaux	0.9%
Santé	1.2%
Services aux collectivités	0.5%
Services de Communication	2.5%
Emprunts privés pays émergents	17.3%
Poids rebasés
A BBB BB B CCC CC
39.5%
| Biens de Consommation de Base | 1.9% | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- |
|  |  |  |  |  |  |
| Consommation Discrétionnaire | 4.9% | Europe |  |  | 69.4% |
| Energie | 1.8% | Amérique du Nord |  | 13.2% |  |
| Finance | 3.2% |  |  |  |  |
|  |  | Amérique Latine |  | 7.1% |  |
| Immobilier | 1.7% |  |  |  |  |

Matériaux	0.9%
Santé	1.4%
Services de Communication	1.5%
ABS	34.6%
Actions	0.3%
Liquidités, emplois de trésorerie et opérations sur dérivés	0.5%
Poids rebasés
Europe de l'Est Moyen-Orient
Asie

## PRINCIPALES POSITIONS - OBLIGATIONS
Nom	Pays	Secteur	%
SANI/IKOS FIN 5.62% 15/07/2023 Grèce	CCC+	2.8%

## RÉPARTITION PAR TYPE D'EMPRUNTS - POCHE TAUX
Emprunts privés à taux fixe
ABS
63.8%
| TOTALENERGIES 2.00% 17/01/2027 France | A- | 2.0% |  |
| --- | --- | --- | --- |
| GEOPARK 5.50% 17/01/2024	Colombie | B+ | 1.8% |
| MURPHY OIL CO 5.88% 01/12/2022 Etats-Unis ALLWYN INTERN 3.88% 15/02/2023 Tchéquie | BB+ BB- | 1.7% 1.6% | Poids rebasés |
| BP CAPITAL MA 3.62% 22/03/2029 Royaume-Uni | BBB+ | 1.5% |  |
| ENI SPA 3.38% 13/07/2029	Italie | BBB | 1.4% |  |
| UNITED GROUP 4.62% 15/08/2024 Pays-Bas | B | 1.2% |  |
| LIBERTY MUTUA 3.63% 23/05/2059 Etats-Unis | BB+ | 1.2% |  |
| FTAI INFRA E 10.50% 01/06/2025  Etats-Unis | B | 1.0% |  |
| Total |  | 16.0% |  |

Emprunts privés convertibles Emprunts privés à taux variable