# PROFILE
SFDR Fund Classification: Article 8
Domicile: Luxembourg Dividend Policy: Accumulation Fund Type: UCITS
Legal Form: SICAV
SICAV Name: Carmignac Portfolio Fiscal Year End: 31/12 Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 15:00 (CET/CEST)
Fund Inception Date: 15/11/2013 Date of 1st NAV: 20/11/2015 Base Currency: EUR
Fund AUM: 258M€ / 274M$ (1)
Share class AUM: 73M€
12/15 02/16
02/17
02/18
02/19
02/20
02/21
02/22
02/23
Carmignac Portfolio Investissement A EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 28/02/2023 - Net of fees)
	Cumulative Performance (%)	 Annualised Performance (%) 
|  | Since 30/12/2022 | 1 Month | 1 Year | 3 Years | 5 Years | Since 20/11/2015 |  | 3 Years | 5 Years | Since 20/11/2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A EUR Acc | 3.9 | -1.5 | -4.8 | 22.9 | 25.8 | 35.8 |  | 7.1 | 4.7 | 4.3 |
| Reference Indicator | 4.8 | -0.5 | -2.8 | 33.4 | 52.6 | 77.5 |  | 10.1 | 8.8 | 8.2 |
| Category Average | 5.9 | -0.0 | -6.3 | 24.0 | 43.7 | 67.2 |  | 7.4 | 7.5 | 7.3 |
| Ranking (Quartile) | 4 | 4 | 2 | 3 | 4 | 4 |  | 3 | 4 | 4 |

Source: Morningstar for the category average and quartiles.
NAV: 135.76€
Morningstar Category™: Global Large-Cap Growth Equity

## FUND MANAGER(S)
David Older since 14/09/2018

## REFERENCE INDICATOR
MSCI ACWI (USD) (Reinvested Net Dividends).

## OTHER ESG CHARACTERISTICS
Minimum % Taxonomy Alignment	0%
Minimum % Sustainable Investments	50%
Principal Adverse Impact Indicators	Yes

## STATISTICS (%)
1 Year 3 Years

## VAR
Fund VaR	13.6%

## PERFORMANCE CONTRIBUTION
Equity Portfolio	-1.3%
| Fund Volatility | 19.1 | 18.7 | Indicator VaR | 11.8% | Mutual Fund | -0.0% |
| --- | --- | --- | --- | --- | --- | --- |
| Indicator Volatility | 16.4 | 17.1 |  |  | Total | -1.4% |
| Sharpe Ratio | -0.3 | 0.4 |  |  | Gross monthly performance |  |
| Beta | 1.1 | 1.0 |  |  |  |  |
| Alpha | 0.0 | -0.0 |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |

* For the share class Carmignac Portfolio Investissement 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 28/02/2023.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Equities | 97.8% |  |  | Healthcare |  | 21.2% |
| Developed Countries | 87.3% | Information Technology | 19.4% |

North America	53.4%
Asia-Pacific	1.1%
Europe	32.7%
Emerging Markets	10.5%
Latin America	1.0%
Asia	9.5%
Cash, Cash Equivalents and Derivatives Operations	2.2%
Consumer Discretionary
Industrials Financials Consumer Staples
Communication Services
Energy
4.8%
3.8%
9.7%
8.4%
8.4%
18.7%
Materials	3.3%
Real Estate	1.1%
Rebased weights
Utilities
1.1%

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)
95.9%

## NET CURRENCY EXPOSURE OF THE FUND
EUR
Mid (2000 - 10000 MEUR)	CHF
Rebased weights
Small (<2000 MEUR)
US Dollar
GBP
61.3%
JPY
AUD and CAD
Latin America
ASIAN BLOC
Eastern Europe Middle East and Africa
Others
| TOP TEN |  |  |  |  | GEOGRAPHIC BREAKDOWN |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Name | Country | Sector | % |  |  | USA |  |  | 52.8% |
| HERMES INTERNATIONAL | France | Consumer Discretionary | 4.7% |  |  | France |  | 15.6% |  |
| ORACLE | USA | Information Technology | 3.7% |  |  |  |  |  |  |
|  |  |  |  | China | 8.6% |
| AIRBUS GROUP | France | Industrials | 3.4% |  |  |
| MICROSOFT CORP | USA | Information Technology | 3.3% | United Kingdom | 6.8% |
| ALIBABA GROUP HOLDING | China | Consumer Discretionary | 3.3% | Denmark | 3.5% |
| STRYKER CORP | USA | Healthcare | 3.3% | Germany | 3.3% |
| S&P GLOBAL | USA | Financials | 3.0% |  |  |  |  |  |  |  |
|  |  |  |  | Canada | 1.8% |
| ASTRAZENECA PLC | United Kingdom | Healthcare | 2.7% |  |  |
| ADVANCED MICRO DEVICES | USA | Information Technology | 2.4% | Netherlands | 1.6% |
| NOVO NORDISK AS | Denmark | Healthcare | 2.4% | Switzerland | 1.6% |

Total	32.1%
Japan
Other countries
Rebased weights

Translation (ENFR, 2023-02-28):
# 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
Heure limite de passation d’ordres : avant 15:00 heures (CET/CEST)
Date de lancement du Fonds : 15/11/2013
Date de la 1ère VL : 20/11/2015
Devise de cotation : EUR
Actifs sous gestion du Fonds : 258M€ / 274M$ (1)
12/15 02/16
02/17
02/18
02/19
02/20
02/21
02/22
02/23
Encours de la part : 73M€
Carmignac Portfolio Investissement A EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 28/02/2023 - Net de frais)
	Performances cumulées (%)	 Performances annualisées (%) 
VL : 135.76€
Catégorie Morningstar™ : Global Large-Cap Growth Equity

## GÉRANT(S) DU FONDS
David Older depuis le 14/09/2018
Depuis le	1
1	3	5
Depuis le
3	5	Depuis le
| A EUR Acc | 3.9 | -1.5 | -4.8 | 22.9 | 25.8 | 35.8 |  | 7.1 | 4.7 | 4.3 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Indicateur de référence | 4.8 | -0.5 | -2.8 | 33.4 | 52.6 | 77.5 |  | 10.1 | 8.8 | 8.2 |
| Moyenne de la catégorie | 5.9 | -0.0 | -6.3 | 24.0 | 43.7 | 67.2 |  | 7.4 | 7.5 | 7.3 |
| Classement (quartile) | 4 | 4 | 2 | 3 | 4 | 4 |  | 3 | 4 | 4 |

 30/12/2022	Mois	an	ans	ans	20/11/2015 
Source : Morningstar pour la moyenne de la catégorie et les quartiles.
  ans	ans	20/11/2015 

## INDICATEUR DE RÉFÉRENCE
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

## CONTRIBUTION À LA
| STATISTIQUES (%) |  |  |  | VAR |  |  | PERFORMANCE |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 an | 3 ans |  | VaR du Fonds | 13.6% |  | Portefeuille actions | -1.3% |
| Volatilité du fonds | 19.1 | 18.7 |  | VaR de l'indicateur | 11.8% |  | OPCVM | -0.0% |
| Volatilité du benchmark | 16.4 | 17.1 |  |  |  |  | Total | -1.4% |
| Ratio de Sharpe | -0.3 | 0.4 |  |  |  |  | Performances brutes mensuelles |  |
| Bêta | 1.1 | 1.0 |  |  |  |  |  |  |
| Alpha | 0.0 | -0.0 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |

* Pour la part Carmignac Portfolio Investissement 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 28/02/2023.

## ALLOCATION D'ACTIFS
Actions	97.8%

## RÉPARTITION SECTORIELLE
Santé
21.2%
Pays développés	87.3%
Amérique du Nord	53.4%
Asie Pacifique	1.1%
Europe	32.7%
Pays émergents	10.5%
Amérique Latine	1.0%
Asie	9.5%
Liquidités, emplois de trésorerie et opérations sur dérivés	2.2%
Technologies de l'Information Consommation Discrétionnaire
Industrie Finance
Biens de Consommation de Base Services de Communication
Energie
4.8%
3.8%
9.7%
8.4%
8.4%
19.4%
18.7%
Matériaux	3.3%
Immobilier	1.1%
Poids rebasés
Services aux collectivités
1.1%
| RÉPARTITION PAR CAPITALISATION |  |  |  |  | EXPOSITION NETTE PAR DEVISE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Grandes (>10000 MEUR) |  |  | 95.9% |  | Euro |  |  | 22.1% |  |
|  |  |  |  |  |  |  |  |  |  |
| Moyennes (2000 - 10000MEUR) |  | 4.1% |  |  | Franc suisse |  | 1.5% |  |  |
|  |  |  |  |  |  |  |  |  |  |
| Petites (<2000 MEUR) |  | 0.0% |  |  | Dollar US |  |  |  | 61.3% |
| Poids rebasés |  |  |  |  |  |  |  |  |  |
|  | Livre Sterling |  | 6.1% |  |  |
| Yen |  | 1.1% |  |  |
| Bloc $ (AUD et CAD) |  | 1.8% |  |  |
| Bloc LATAM |  | 0.0% |  |  |
| Bloc Asie ex Japon |  | 2.6% |  |  |
| Bloc EEMA |  | 0.0% |  |  |
| Autres |  | 3.4% |  |  |

| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |
| Nom | Pays | Secteur | % |  | Etats-Unis |  |  |  |  | 52.8% |
| HERMES INTERNATIONAL | France | Consommation | 4.7% |  | France |  |  |  | 15.6% |  |
|  |  | Discrétionnaire |  |  |  |  |  |  |  |  |
| ORACLE | Etats-Unis | Technologies de l'Information | 3.7% |  | Chine |  |  | 8.6% |  |  |
| AIRBUS GROUP | France | Industrie | 3.4% |  | Royaume-Uni |  |  | 6.8% |  |  |

MICROSOFT CORP	Etats-Unis	Technologies de l'Information	3.3%
Danemark
ALIBABA GROUP HOLDING	Chine	Consommation
Discrétionnaire
3.3%
Allemagne
STRYKER CORP	Etats-Unis	Santé	3.3%
S&P GLOBAL	Etats-Unis	Finance	3.0%
ASTRAZENECA PLC	Royaume-Uni  Santé	2.7% ADVANCED MICRO DEVICES	Etats-Unis	Technologies de l'Information 2.4% NOVO NORDISK AS	Danemark	Santé	2.4%
Total	32.1%
Poids rebasés
Canada Pays-Bas Suisse Japon Autres pays