# 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: 272M€ / 296M$ (1)
Share class AUM: 2.4M€
12/15 01/16
01/17
01/18
01/19
01/20
01/21
01/22
01/23
Carmignac Portfolio Investissement E EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 31/01/2023 - 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| E EUR Acc | 5.5 | 5.5 | -7.0 | 16.8 | 20.6 | 30.2 |  | 5.3 | 3.8 | 3.7 |
| Reference Indicator | 5.3 | 5.3 | -5.0 | 24.4 | 50.1 | 78.5 |  | 7.5 | 8.5 | 8.4 |
| Category Average | 5.9 | 5.9 | -9.4 | 15.8 | 41.4 | 67.2 |  | 5.0 | 7.2 | 7.4 |
| Ranking (Quartile) | 3 | 3 | 2 | 2 | 4 | 4 |  | 2 | 4 | 4 |

Source: Morningstar for the category average and quartiles.
NAV: 130.24€
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	13.1%

## PERFORMANCE CONTRIBUTION
Equity Portfolio	5.6%
| Fund Volatility | 19.2 | 19.8 | Indicator VaR | 11.7% | Currency Derivatives | -0.0% |
| --- | --- | --- | --- | --- | --- | --- |
| Indicator Volatility | 16.3 | 18.7 |  |  | Mutual Fund | 0.2% |
| Sharpe Ratio | -0.4 | 0.3 |  |  | Total | 5.7% |
| Beta | 1.1 | 1.0 |  |  | Gross monthly performance |  |
| Alpha | -0.0 | -0.0 |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |

(1) Exchange Rate EUR/USD as of 31/01/2023.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Equities | 95.1% |  |  | Healthcare |  | 21.4% |

Developed Countries	83.8%
North America	50.3%
Asia-Pacific	1.0%
Consumer Discretionary Information Technology
| Europe | 32.5% | Industrials |  |
| --- | --- | --- | --- |
| Emerging Markets | 11.3% | Consumer Staples | 8.6% |
| Latin America | 0.9% | Financials | 8.3% |

11.8%
17.0%
20.5%
Asia	10.3%
Cash, Cash Equivalents and Derivatives Operations	4.9%
Communication Services
Energy
4.4%
3.8%
Materials 2.1%
Real Estate	1.1%
Rebased weights
Utilities
1.1%

## CAPITALISATION BREAKDOWN	NET CURRENCY EXPOSURE OF THE FUND
|  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Large (>10000 MEUR) |  |  | 95.8% |  | EUR |  | 25.4% |
|  |  |  |  |  |  |  |  |
| Mid (2000 - 10000 MEUR) |  | 4.2% |  |  | CHF | 1.7% |  |
|  |  |  |  |  |  |  |  |
| Small (<2000 MEUR) |  | 0.0% |  |  | US Dollar |  |  | 59.7% |
| Rebased weights |  |  |  |  |  |  |  |  |  |
|  | GBP | 5.8% |  |  |
| JPY | 1.1% |  |  |
| Latin America | 0.0% |  |  |
| AUD and CAD | 0.4% |  |  |
| Eastern Europe Middle East and Africa | 0.0% |  |  |
| ASIAN BLOC | 2.4% |  |  |
| Others | 3.7% |  |  |

| TOP TEN |  |  |  |  | GEOGRAPHIC BREAKDOWN |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Name | Country | Sector | % |  |  | USA |  |  | 52.4% |
| HERMES INTERNATIONAL | France | Consumer Discretionary | 4.8% |  |  | France |  | 16.4% |  |
| ALIBABA GROUP HOLDING | China | Consumer Discretionary | 3.8% |  |  |  |  |  |  |
|  |  |  |  | China | 9.7% |
| ORACLE | USA | Information Technology | 3.7% |  |  |
| STRYKER CORP | USA | Healthcare | 3.2% | United Kingdom | 6.9% |
| S&P GLOBAL INC | USA | Financials | 3.1% | Denmark | 3.8% |
| AIRBUS GROUP | France | Industrials | 3.1% | Germany | 2.6% |
| MICROSOFT CORP | USA | Information Technology | 2.7% |  |  |  |  |  |  |  |
|  |  |  |  | Switzerland | 1.8% |
| NOVO NORDISK AS | Denmark | Healthcare | 2.6% |  |  |
| ASTRAZENECA PLC | United Kingdom | Healthcare | 2.5% | Netherlands | 1.3% |
| JD.COM INC | China | Consumer Discretionary | 2.4% | Japan | 1.1% |

Total	32.0%
Belgium
Other countries
Rebased weights

Translation (ENFR, 2023-01-31):
# 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 : 272M€ / 296M$ (1)
12/15 01/16
01/17
01/18
01/19
01/20
01/21
01/22
01/23
Encours de la part : 2.4M€
Carmignac Portfolio Investissement E EUR Acc	Indicateur de référence
PERFORMANCES CUMULÉES ET ANNUALISÉES (au 31/01/2023 - Net de frais)
	Performances cumulées (%)	 Performances annualisées (%) 
VL : 130.24€
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
| E EUR Acc | 5.5 | 5.5 | -7.0 | 16.8 | 20.6 | 30.2 |  | 5.3 | 3.8 | 3.7 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Indicateur de référence | 5.3 | 5.3 | -5.0 | 24.4 | 50.1 | 78.5 |  | 7.5 | 8.5 | 8.4 |
| Moyenne de la catégorie | 5.9 | 5.9 | -9.4 | 15.8 | 41.4 | 67.2 |  | 5.0 | 7.2 | 7.4 |
| Classement (quartile) | 3 | 3 | 2 | 2 | 4 | 4 |  | 2 | 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 | 13.1% |  | Portefeuille actions | 5.6% |
| Volatilité du fonds | 19.2 | 19.8 |  | VaR de l'indicateur | 11.7% |  | Derivés devises | -0.0% |
| Volatilité du benchmark | 16.3 | 18.7 |  |  |  |  | OPCVM | 0.2% |
| Ratio de Sharpe | -0.4 | 0.3 |  |  |  |  | Total | 5.7% |
| Bêta | 1.1 | 1.0 |  |  |  |  | Performances brutes mensuelles |  |
| Alpha | -0.0 | -0.0 |  |  |  |  |  |  |
| Calcul : pas hebdomadaire |  |  |  |  |  |  |  |  |

- Taux de change EUR/USD au 31/01/2023.


## ALLOCATION D'ACTIFS	RÉPARTITION SECTORIELLE
|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| Actions | 95.1% |  | Santé |  | 21.4% |
| Pays développés | 83.8% | Consommation Discrétionnaire | 20.5% |

Amérique du Nord	50.3%
Asie Pacifique	1.0%
Technologies de l'Information
| Europe | 32.5% | Industrie |  |
| --- | --- | --- | --- |
| Pays émergents | 11.3% | Biens de Consommation de Base | 8.6% |
| Amérique Latine | 0.9% | Finance | 8.3% |

11.8%
17.0%
Asie	10.3%
Liquidités, emplois de trésorerie et opérations sur dérivés	4.9%
Services de Communication
Energie
4.4%
3.8%
Matériaux 2.1%
Immobilier	1.1%
Poids rebasés
Services aux collectivités
1.1%
| RÉPARTITION PAR CAPITALISATION |  |  |  |  | EXPOSITION NETTE PAR DEVISE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Grandes (>10000 MEUR) |  |  | 95.8% |  | Euro |  | 25.4% |  |
|  |  |  |  |  |  |  |  |  |
| Moyennes (2000 - 10000MEUR) |  | 4.2% |  |  | Franc suisse | 1.7% |  |  |
|  |  |  |  |  |  |  |  |  |
| Petites (<2000 MEUR) |  | 0.0% |  |  | Dollar US |  |  | 59.7% |
| Poids rebasés |  |  |  |  |  |  |  |  |
|  | Livre Sterling | 5.8% |  |  |
| Yen | 1.1% |  |  |
| Bloc LATAM | 0.0% |  |  |
| Bloc $ (AUD et CAD) | 0.4% |  |  |
| Bloc EEMA | 0.0% |  |  |
| Bloc Asie ex Japon | 2.4% |  |  |
| Autres | 3.7% |  |  |

| PRINCIPALES POSITIONS |  |  |  |  | RÉPARTITION GÉOGRAPHIQUE |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Nom | Pays | Secteur | % |  | Etats-Unis |  |  | 52.4% |
| HERMES INTERNATIONAL | France | Consommation | 4.8% |  | France |  | 16.4% |  |

Discrétionnaire
| ALIBABA GROUP HOLDING | Chine | Consommation Discrétionnaire | 3.8% | Chine | 9.7% |
| --- | --- | --- | --- | --- | --- |
| ORACLE | Etats-Unis | Technologies de l'Information | 3.7% | Royaume-Uni | 6.9% |
| STRYKER CORP | Etats-Unis | Santé | 3.2% | Danemark | 3.8% |
| S&P GLOBAL INC | Etats-Unis | Finance | 3.1% | Allemagne | 2.6% |
| AIRBUS GROUP | France | Industrie | 3.1% |  |  |  |  |  |  |
|  |  |  |  | Suisse | 1.8% |
| MICROSOFT CORP | Etats-Unis | Technologies de l'Information | 2.7% |  |  |
| NOVO NORDISK AS | Danemark | Santé | 2.6% | Pays-Bas | 1.3% |
| ASTRAZENECA PLC | Royaume-Uni | Santé | 2.5% | Japon | 1.1% |
| JD.COM INC | Chine | Consommation Discrétionnaire | 2.4% | Belgique | 1.0% |
|  |  |  |  |  |  |
| Total |  |  | 32.0% | Autres pays | 3.0% |

Poids rebasés