# 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
02/20
02/21
02/22
42.8%
41.2%
02/23
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€ / 55M$ (1)
Share class AUM: 25M€
Carmignac Portfolio Family Governed F EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 28/02/2023 - Net of fees)
Annualised Performance
	Cumulative Performance (%)		(%)
NAV: 141.21€
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) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| F EUR Acc | 3.5 | 0.1 | -3.4 | 33.4 | 41.2 |  | 10.1 | 9.6 | Mark Denham since 31/05/2019 |
| Reference Indicator | 4.8 | -0.5 | -2.8 | 33.4 | 42.8 |  | 10.1 | 10.0 | Obe Ejikeme since 31/05/2019 |
| Category Average | 5.9 | -0.0 | -6.3 | 24.0 | 34.5 |  | 7.4 | 8.2 |  |
| Ranking (Quartile) | 4 | 2 | 1 | 1 | 2 |  | 1 | 2 | REFERENCE INDICATOR |

Source: Morningstar for the category average and quartiles.
| STATISTICS (%) |  |  |  | VAR |  |  | CONTRIBUTION |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 | Years |  | Fund VaR | 12.1% |  | Equity Portfolio | 0.2% |
| Fund Volatility | 19.7 | 18.4 |  | Indicator VaR | 11.8% |  | Total | 0.2% |
| Indicator Volatility | 16.4 | 17.1 |  |  |  |  | Gross monthly performance |  |
| Sharpe Ratio | -0.2 | 0.6 |  |  |  |  |  |  |
| 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
* For the share class Carmignac Portfolio Family Governed F 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 | 89.8% |  |  | Healthcare |  |  | 38.2% |
| Developed Countries | 89.8% |  |  | Industrials |  | 18.3% |  |

North America	54.5%
Asia-Pacific	1.3%
Europe	34.0%
Cash, Cash Equivalents and Derivatives Operations	10.2%
Information Technology Consumer Staples Consumer Discretionary
Financials
Rebased weights

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)
84.9%

## NET CURRENCY EXPOSURE OF THE FUND
EUR
Mid (2000 - 10000 MEUR)	CHF
Rebased weights
Small (<2000 MEUR)
US Dollar
JPY
54.4%
Others
| TOP TEN |  |  |  |  | GEOGRAPHIC BREAKDOWN |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Name | Country | Sector | % |  |  | USA |  |  | 60.7% |
| COPART | USA | Industrials | 6.7% |  |  | France |  | 12.8% |  |
| NOVO NORDISK AS | Denmark | Healthcare | 6.1% |  |  |  |  |  |  |
|  |  |  |  | Denmark | 9.6% |
| DANAHER CORP | USA | Healthcare | 5.4% |  |  |
| CINTAS CORP. | USA | Industrials | 3.7% | Switzerland | 7.2% |
| COCA-COLA CONSOLIDATED INC | USA | Consumer Staples | 3.7% | Germany | 6.4% |
| PAYCHEX INC. | USA | Information Technology | 3.4% | Italy | 2.0% |
| L'OREAL SA | France | Consumer Staples | 3.3% |  |  |  |  |  |  |

MARRIOTT INTERNATIONAL INC. CL USA	Consumer Discretionary	3.2% SAP SE	Germany	Information Technology	3.1% ESTEE LAUDER COMPANIES INC  USA	Consumer Staples	3.0%
Total	41.6%
Rebased weights
Japan

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
140
120
100
80
06/19
02/20
02/21
02/22
41.2%
02/23
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€ / 55M$ (1)
Encours de la part : 25M€
Carmignac Portfolio Family Governed F EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 28/02/2023 - Net de frais)
Performances annualisées
	Performances cumulées (%)		(%)
VL : 141.21€
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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| F EUR Acc | 3.5 | 0.1 | -3.4 | 33.4 | 41.2 |  | 10.1 | 9.6 | Mark Denham depuis le 31/05/2019 |
| Indicateur de référence | 4.8 | -0.5 | -2.8 | 33.4 | 42.8 |  | 10.1 | 10.0 | 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) | 4 | 2 | 1 | 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 | 12.1% |  | Portefeuille actions | 0.2% |
| Volatilité du fonds | 19.7 | 18.4 |  | VaR de l'indicateur | 11.8% |  | Total | 0.2% |
| Volatilité du benchmark | 16.4 | 17.1 |  |  |  |  | Performances brutes mensuelles |  |
| Ratio de Sharpe | -0.2 | 0.6 |  |  |  |  |  |  |
| 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
* Pour la part Carmignac Portfolio Family Governed F 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	89.8%
Pays développés	89.8%
Amérique du Nord	54.5%
Asie Pacifique	1.3%
Europe	34.0%
Liquidités, emplois de trésorerie et opérations sur dérivés	10.2%

## RÉPARTITION SECTORIELLE
Santé Industrie
Technologies de l'Information Biens de Consommation de Base Consommation Discrétionnaire
38.2%
Finance
Poids rebasés

## RÉPARTITION PAR CAPITALISATION
Grandes (>10000 MEUR)
84.9%

## EXPOSITION NETTE PAR DEVISE
Euro
Moyennes (2000 - 10000MEUR)	Franc suisse
Poids rebasés
Petites (<2000 MEUR)
Dollar US
Yen
54.4%
Autres
| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Nom | Pays | Secteur | % |  | Etats-Unis |  |  | 60.7% |
| COPART | Etats-Unis | Industrie | 6.7% |  | France |  | 12.8% |  |
| NOVO NORDISK AS | Danemark | Santé | 6.1% |  |  |  |  |  |
|  |  |  |  |  | Danemark | 9.6% |
| DANAHER CORP | Etats-Unis | Santé | 5.4% |  |  |  |
| CINTAS CORP. | Etats-Unis | Industrie | 3.7% |  | Suisse | 7.2% |
| COCA-COLA CONSOLIDATED INC | Etats-Unis | Biens de Consommation de Base | 3.7% |  | Allemagne | 6.4% |
| PAYCHEX INC. | Etats-Unis | Technologies de l'Information | 3.4% |  | Italie | 2.0% |
| L'OREAL SA | France | Biens de Consommation de Base | 3.3% | Poids rebasés | Japon | 1.4% |
| MARRIOTT INTERNATIONAL INC. CL | Etats-Unis | Consommation Discrétionnaire | 3.2% |  |  |  |
| SAP SE | Allemagne | Technologies de l'Information | 3.1% |  |  |  |
| ESTEE LAUDER COMPANIES INC | Etats-Unis | Biens de Consommation de Base | 3.0% |  |  |  |
| Total |  |  | 41.6% |  |  |  |