# PROFILE
SFDR Fund Classification: Article 8
Domicile: France
Dividend Policy: Accumulation
Fund Type: UCITS
Legal Form: FCP
250
225
200
175
150
125
100
75
50
01/13
01/14
01/15
01/16
01/17
01/18
01/19
01/20
01/21
01/22
144%
22.1%
01/23
Fiscal Year End: 31/12
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 16:30 (CET/CEST)
Fund Inception Date: 03/01/2005 Date of 1st NAV: 03/01/2005 Base Currency: EUR
Fund AUM: 146M€ / 159M$ (1)
Share class AUM: 146M€
NAV: 286.77€
Morningstar Category™: EUR Flexible Allocation
- Global
Carmignac Investissement Latitude A EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 31/01/2023 - Net of fees)
	Cumulative Performance (%)	 Annualised Performance (%) 

## FUND MANAGER(S)
Frédéric Leroux since 01/10/2005

## REFERENCE INDICATOR
50% MSCI AC WORLD NR (USD) and 50% ESTER
Since 30/12/2022
1
Month
1
Year
3
Years
5
Years
10
Years
3
Years
5
Years
10
Years
(EUR) capitalized.
| Reference Indicator | 2.7 | 2.7 | -2.3 | 10.0 | 32.8 | 144.0 | 3.2 | 5.8 | 9.3 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Category Average | 3.6 | 3.6 | -5.9 | 1.6 | 2.6 | 22.3 | 0.5 | 0.5 | 2.0 | Minimum % Taxonomy Alignment	0% |
| Ranking (Quartile) | 4 | 4 | 1 | 1 | 2 | 3 | 1 | 2 | 3 | Minimum % Sustainable Investments	50% |

A EUR Acc	0.6	0.6	7.3	20.9	6.9	22.1   6.5	1.4	2.0	

## OTHER ESG CHARACTERISTICS
Source: Morningstar for the category average and quartiles.
Principal Adverse Impact Indicators	Yes

## STATISTICS (%)
1 Year 3 Years

## VAR
Fund VaR	6.3%

## PERFORMANCE CONTRIBUTION
Equity Derivatives	-4.7%
| Fund Volatility | 9.1 | 12.4 | Currency Derivatives | 0.3% |
| --- | --- | --- | --- | --- |
| Indicator Volatility | 8.1 | 15.3 | Mutual Fund | 4.9% |
| Sharpe Ratio | 0.8 | 0.5 | Total | 0.5% |
| Beta | 0.8 | 0.4 | Gross monthly performance |  |
| Alpha | -0.0 | 0.1 |  |  |
| Calculation : Weekly basis |  |  |  |  |

* For the share class Carmignac Investissement Latitude A 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 31/01/2023.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Equities | 90.7% |  |  | Healthcare |  | 21.5% |
| Developed Countries | 80.0% | Consumer Discretionary | 20.7% |

North America	48.0%
Asia-Pacific	1.0%
Information Technology
17.0%
| Europe | 31.0% | Industrials | 11.6% |
| --- | --- | --- | --- |
| Emerging Markets | 10.7% | Consumer Staples | 8.6% |
| Latin America | 0.9% | Financials | 8.2% |

Asia	9.8%
Cash, Cash Equivalents and Derivatives Operations	9.3%
Communication Services
Energy
4.4%
3.9%
Materials 2.1%
Real Estate	1.1%
Rebased weights
Utilities
1.1%

## CAPITALISATION BREAKDOWN	NET CURRENCY EXPOSURE OF THE FUND
|  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Large (>10000 MEUR) |  |  | 95.9% |  | EUR |  | 31.0% |
|  |  |  |  |  |  |  |  |
| Mid (2000 - 10000 MEUR) |  | 4.1% |  |  | CHF | 1.6% |  |
|  |  |  |  |  |  |  |  |
| Small (<2000 MEUR) |  | 0.0% |  |  | US Dollar |  |  | 54.9% |
| Rebased weights |  |  |  |  |  |  |  |  |  |
|  | GBP | 5.5% |  |  |
| JPY | 0.9% |  |  |
| Latin America | 0.0% |  |  |
| AUD and CAD | 0.3% |  |  |
| ASIAN BLOC | 2.2% |  |  |
| Others | 3.5% |  |  |

(1) Equity Exposure Rate = Equity Investment Rate + Equity Derivatives Exposure.

## EQUITY EXPOSURE - 1 YEAR HORIZON (% AUM) (1)
| TOP TEN |  |
| --- | --- |
| Name | Country | Sector | % |
| HERMES INTERNATIONAL | France | Consumer Discretionary | 4.5% |
| ALIBABA GROUP HOLDING | China | Consumer Discretionary | 3.6% |
| ORACLE | USA | Information Technology | 3.6% |
| STRYKER CORP | USA | Healthcare | 3.1% |
| AIRBUS GROUP | France | Industrials | 3.0% |
| S&P GLOBAL INC | USA | Financials | 3.0% |
| MICROSOFT CORP | USA | Information Technology | 2.5% |
| NOVO NORDISK AS | Denmark | Healthcare | 2.5% |
| ASTRAZENECA PLC | United Kingdom | Healthcare | 2.4% |
| JD.COM INC | China | Consumer Discretionary | 2.3% |
| Total |  |  | 30.5% |

100
80
60
40
20
0
01/22	05/22	08/22	10/22	01/23
Equity Exposure	Equity Investment Rate

Translation (ENFR, 2023-01-31):
# PROFIL
Classification SFDR : Article 8
Domicile : France
Affectation des résultats : Capitalisation
Type de fonds : UCITS
Forme juridique : FCP
250
225
200
175
150
125
100
75
50
01/13
01/14
01/15
01/16
01/17
01/18
01/19
01/20
01/21
01/22
144%
22.1%
01/23
Fin de l’exercice fiscal : 31/12
Souscription/Rachat : Jour ouvrable
Heure limite de passation d’ordres : avant 16:30 heures (CET/CEST)
Date de lancement du Fonds : 03/01/2005
Date de la 1ère VL : 03/01/2005
Devise de cotation : EUR
Actifs sous gestion du Fonds : 146M€ / 159M$ (1)
Encours de la part : 146M€
VL : 286.77€
Carmignac Investissement Latitude A EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 31/01/2023 - Net de frais)
Performances cumulées (%)	Performances annualisées (%)
Catégorie Morningstar™ : EUR Flexible Allocation - Global

## GÉRANT(S) DU FONDS
Frédéric Leroux depuis le 01/10/2005
Depuis le	1
1	3	5	10
3	5	10

## INDICATEUR DE RÉFÉRENCE
 30/12/2022	Mois	an	ans	ans	ans	 ans	ans	ans	
50% MSCI AC WORLD NR (USD) and 50% ESTER
| Indicateur de référence | 2.7 | 2.7 | -2.3 | 10.0 | 32.8 | 144.0 | 3.2 | 5.8 | 9.3 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Moyenne de la catégorie | 3.6 | 3.6 | -5.9 | 1.6 | 2.6 | 22.3 | 0.5 | 0.5 | 2.0 |
| Classement (quartile) | 4 | 4 | 1 | 1 | 2 | 3 | 1 | 2 | 3 |

A EUR Acc	0.6	0.6	7.3	20.9	6.9	22.1   6.5	1.4	2.0	
Source : Morningstar pour la moyenne de la catégorie et les quartiles.
(EUR) capitalisé.

## AUTRES CARACTERISTIQUES ESG
Minimum % d’alignement à la Taxonomie	0%
Minimum % d’investissements durables	50%
Principales Incidences Négatives (PAI)	Oui

## CONTRIBUTION À LA
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 6.3% |  | Derivés actions | -4.7% |
| Volatilité du fonds | 9.1 | 12.4 |  |  |  |  | Derivés devises | 0.3% |
| Volatilité du benchmark | 8.1 | 15.3 |  |  |  |  | OPCVM | 4.9% |
| Ratio de Sharpe | 0.8 | 0.5 |  |  |  |  | Total | 0.5% |
| Bêta | 0.8 | 0.4 |  |  |  |  | Performances brutes mensuelles |  |
| Alpha | -0.0 | 0.1 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |

* Pour la part Carmignac Investissement Latitude A 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 31/01/2023.
| ALLOCATION D'ACTIFS |  |  | RÉPARTITION SECTORIELLE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Actions | 90.7% |  |  | Santé |  | 21.5% |

Pays développés	80.0%
Amérique du Nord	48.0%
Asie Pacifique	1.0%
Consommation Discrétionnaire Technologies de l'Information
17.0%
20.7%
| Europe | 31.0% | Industrie | 11.6% |
| --- | --- | --- | --- |
| Pays émergents | 10.7% | Biens de Consommation de Base | 8.6% |
| Amérique Latine | 0.9% | Finance | 8.2% |

Asie	9.8%
Liquidités, emplois de trésorerie et opérations sur dérivés	9.3%
Services de Communication
Energie
4.4%
3.9%
Matériaux 2.1%
Immobilier	1.1%
Poids rebasés
Services aux collectivités
1.1%
| RÉPARTITION PAR CAPITALISATION |  |  |  |  | EXPOSITION NETTE PAR DEVISE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Grandes (>10000 MEUR) |  |  | 95.9% |  | Euro |  | 31.0% |  |
|  |  |  |  |  |  |  |  |  |
| Moyennes (2000 - 10000MEUR) |  | 4.1% |  |  | Franc suisse | 1.6% |  |  |
|  |  |  |  |  |  |  |  |  |
| Petites (<2000 MEUR) |  | 0.0% |  |  | Dollar US |  |  | 54.9% |
| Poids rebasés |  |  |  |  |  |  |  |  |
|  | Livre Sterling | 5.5% |  |  |
| Yen | 0.9% |  |  |
| Bloc LATAM | 0.0% |  |  |
| Bloc $ (AUD et CAD) | 0.3% |  |  |
| Bloc Asie ex Japon | 2.2% |  |  |
| Autres | 3.5% |  |  |

| PRINCIPALES POSITIONS |  |
| --- | --- |
| Nom | Pays | Secteur | % |
| HERMES INTERNATIONAL | France | Consommation Discrétionnaire | 4.5% |
| ALIBABA GROUP HOLDING | Chine | Consommation Discrétionnaire | 3.6% |
| ORACLE | Etats-Unis | Technologies de l'Information | 3.6% |
| STRYKER CORP | Etats-Unis | Santé | 3.1% |
| AIRBUS GROUP | France | Industrie | 3.0% |
| S&P GLOBAL INC | Etats-Unis | Finance | 3.0% |
| MICROSOFT CORP | Etats-Unis | Technologies de l'Information | 2.5% |
| NOVO NORDISK AS | Danemark | Santé | 2.5% |
| ASTRAZENECA PLC | Royaume-Uni | Santé | 2.4% |
| JD.COM INC | Chine | Consommation Discrétionnaire | 2.3% |
| Total |  |  | 30.5% |

(1) Taux d’exposition aux actions = taux d’investissement en actions + exposition aux dérivés d’actions.

## EVOLUTION EXPOSITION ACTIONS DEPUIS 1 AN (% DE L'ACTIF) (1)
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0
01/22	05/22	08/22	10/22	01/23
Taux d'exposition	Taux d'investissement actions