# KEY FIGURES
| Equity Investment Rate | 97.7% |
| --- | --- |
| Net Equity Exposure | 97.7% |
| Number of Equity Stocks | 41 |
| Active Share | 88.2% |

PROFILE
SFDR Fund Classification: Article 9
Domicile: Luxembourg Dividend Policy: Accumulation Fund Type: UCITS
Legal Form: SICAV
SICAV Name: Carmignac Portfolio
Fiscal Year End: 31/12
140
120
100
80
06/19
02/20
02/21
02/22
48.9%
47.6%
02/23
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/05/2019 Date of 1st NAV: 31/05/2019 Base Currency: EUR
Fund AUM: 84M€ / 89M$ (1)
Share class AUM: 82021€
Carmignac Portfolio Grandchildren FW EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 28/02/2023 - Net of fees)
Annualised Performance
	Cumulative Performance (%)		(%)
NAV: 148.86€
Morningstar Category™: Global Large-Cap Growth Equity
02/2023
|  | 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 | 7.4 | 1.2 | -6.4 | 32.5 | 48.9 |  | 9.8 | 11.2 | Mark Denham since 31/05/2019 |
| Reference Indicator | 5.2 | -0.1 | -1.9 | 37.5 | 47.6 |  | 11.2 | 10.9 | Obe Ejikeme since 31/05/2019 |
| Category Average | 5.9 | -0.0 | -6.3 | 24.0 | 34.5 |  | 7.4 | 8.2 |  |
| Ranking (Quartile) | 1 | 1 | 3 | 1 | 1 |  | 1 | 1 | REFERENCE INDICATOR |

Source: Morningstar for the category average and quartiles.
| STATISTICS (%) |  |  |  | VAR |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 | Years |  | Fund VaR | 13.3% |  | Equity Portfolio | 1.3% |
| Fund Volatility | 22.0 | 19.7 |  | Indicator VaR | 12.5% |  | Total | 1.3% |
| Indicator Volatility | 17.1 | 17.9 |  |  |  |  | Gross monthly performance |  |
| Sharpe Ratio | -0.3 | 0.5 |  |  |  |  |  |  |
| Beta | 1.1 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.0 | -0.0 |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |  |


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

## OTHER ESG CHARACTERISTICS
Minimum % Taxonomy Alignment	0%
Minimum % Sustainable Investments	80%
Principal Adverse Impact Indicators	Yes
* For the share class Carmignac Portfolio Grandchildren FW EUR Acc. 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 28/02/2023.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Equities | 97.7% |  | Information Technology |  | 35.6% |
| Developed Countries | 97.7% |  | Healthcare |  | 32.3% |

North America	64.8%
Europe	32.9%
Cash, Cash Equivalents and Derivatives Operations	2.3%
Consumer Staples
Industrials Financials
Consumer Discretionary
Utilities
Communication Services
Rebased weights

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)	94.0%

## NET CURRENCY EXPOSURE OF THE FUND
EUR
Rebased weights
Mid (2000 - 10000 MEUR)
CHF
US Dollar
64.8%
Others

## TOP TEN
|  | Germany |  | 6.8% |
| --- | --- | --- | --- |
| THERMO FISHER SCIENTIFIC INC | USA | Healthcare | 5.5% |  |  |  |
| PROCTER & GAMBLE CO/THE | USA | Consumer Staples | 4.5% | Switzerland |  | 3.7% |
| COLGATE-PALMOLIVE CO | USA | Consumer Staples | 4.4% | France |  | 3.4% |
| RESMED | USA | Healthcare | 3.9% | Sweden |  | 3.1% |
| LONZA GROUP AG | Switzerland | Healthcare | 3.6% |  |  |  |
|  |  |  |  | Netherlands | 2.9% |
| SAP SE | Germany | Information Technology | 3.4% |  |  |
| L'OREAL SA | France | Consumer Staples | 3.4% | Spain | 2.5% |
| PALO ALTO NETWORKS INC | USA | Information Technology | 3.2% | Ireland | 2.3% |
| Total |  |  | 45.1% | Italy | 0.7% |

Name	Country	Sector		% MICROSOFT CORP	USA	Information Technology	7.2% NOVO NORDISK AS	Denmark	Healthcare	6.2%

## GEOGRAPHIC BREAKDOWN
USA
Denmark
66.4%
Rebased weights

Translation (ENFR, 2023-02-28):
# CHIFFRES CLÉS
| Taux d'investissement actions | 97.7% |
| --- | --- |
| Taux d'exposition nette actions | 97.7% |
| Nombre d'actions | 41 |
| Active Share | 88.2% |

PROFIL
Classification SFDR : Article 9
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
140
120
100
80
06/19
02/20
02/21
02/22
48.9%
47.6%
02/23
Souscription/Rachat : Jour ouvrable
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 : 84M€ / 89M$ (1)
Encours de la part : 82021€
Carmignac Portfolio Grandchildren FW EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 28/02/2023 - Net de frais)
Performances annualisées
	Performances cumulées (%)		(%)
VL : 148.86€
Catégorie Morningstar™ : Global Large-Cap Growth Equity
02/2023
|  | 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 | 7.4 | 1.2 | -6.4 | 32.5 | 48.9 |  | 9.8 | 11.2 | Mark Denham depuis le 31/05/2019 |
| Indicateur de référence | 5.2 | -0.1 | -1.9 | 37.5 | 47.6 |  | 11.2 | 10.9 | Obe Ejikeme depuis le 31/05/2019 |
| Moyenne de la catégorie | 5.9 | -0.0 | -6.3 | 24.0 | 34.5 |  | 7.4 | 8.2 |  |
| Classement (quartile) | 1 | 1 | 3 | 1 | 1 |  | 1 | 1 | INDICATEUR DE RÉFÉRENCE |

Source : Morningstar pour la moyenne de la catégorie et les quartiles.
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 13.3% |  | Portefeuille actions | 1.3% |
| Volatilité du fonds | 22.0 | 19.7 |  | VaR de l'indicateur | 12.5% |  | Total | 1.3% |
| Volatilité du benchmark | 17.1 | 17.9 |  |  |  |  | Performances brutes mensuelles |  |
| Ratio de Sharpe | -0.3 | 0.5 |  |  |  |  |  |  |
| Bêta | 1.1 | 1.0 |  |  |  |  |  |  |
| Alpha | -0.0 | -0.0 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |


## CONTRIBUTION À LA
MSCI WORLD (USD) (dividendes nets réinvestis).

## AUTRES CARACTERISTIQUES ESG
Minimum % d’alignement à la Taxonomie	0%
Minimum % d’investissements durables	80%
Principales Incidences Négatives (PAI)	Oui
* Pour la part Carmignac Portfolio Grandchildren FW EUR Acc. 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 28/02/2023.
| ALLOCATION D'ACTIFS |  |  | RÉPARTITION SECTORIELLE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Actions | 97.7% |  | Technologies de l'Information |  | 35.6% |
| Pays développés | 97.7% |  | Santé |  | 32.3% |

Amérique du Nord	64.8%
Europe	32.9%
Liquidités, emplois de trésorerie et opérations sur dérivés	2.3%
Biens de Consommation de Base
Industrie Finance
Consommation Discrétionnaire
Services aux collectivités
Services de Communication
Poids rebasés

## RÉPARTITION PAR CAPITALISATION
Grandes (>10000 MEUR)	94.0%

## EXPOSITION NETTE PAR DEVISE
Euro
Poids rebasés
Moyennes (2000 - 10000MEUR)
Franc suisse Dollar US
64.8%
Autres

## PRINCIPALES POSITIONS
Nom	Pays	Secteur		% MICROSOFT CORP	Etats-Unis	Technologies de l'Information 7.2% NOVO NORDISK AS	Danemark	Santé	6.2%
THERMO FISHER SCIENTIFIC INC  Etats-Unis	Santé	5.5%

## RÉPARTITION GÉOGRAPHIQUE
Etats-Unis Danemark Allemagne
66.4%
PROCTER & GAMBLE CO/THE	Etats-Unis	Biens de Consommation de
Base
COLGATE-PALMOLIVE CO	Etats-Unis	Biens de Consommation de
Base
4.5%
4.4%
Suisse France
Suède
RESMED	Etats-Unis	Santé	3.9%
|  | Pays-Bas |  | 2.9% |
| --- | --- | --- | --- |
| LONZA GROUP AG | Suisse | Santé | 3.6% |  |  |  |
| SAP SE | Allemagne | Technologies de l'Information | 3.4% | Espagne |  | 2.5% |
| L'OREAL SA | France | Biens de Consommation de Base | 3.4% | Irlande |  | 2.3% |

PALO ALTO NETWORKS INC	Etats-Unis	Technologies de l'Information	3.2%
Total	45.1%
Poids rebasés
Italie