# PROFILE
SFDR Fund Classification: Article 9
Domicile: France
Dividend Policy: Distribution
Fund Type: UCITS Legal Form: FCP Fiscal Year End: 31/12
175
150
125
100
75
50
07/12 09/12
09/13
09/14
09/15
09/16
09/17
09/18
09/19
09/20
09/21
45.3%
37.9%
09/22
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/01/1997 Date of 1st NAV: 19/06/2012 Base Currency: EUR
Carmignac Emergents A EUR Ydis	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 30/09/2022 - Net of fees)
	Cumulative Performance (%)	 Annualised Performance (%) 
| Since | 1 | 1 | 3	5 | 10 | 3 | 5 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 31/12/2021 | Month | Year | Years	Years | Years | Years | Years | Years |
| A EUR Ydis	-16.9	-9.1	-22.6	17.5	12.1	37.9   5.5	2.3	3.3	 |
| Reference Indicator | -15.4 | -9.4 | -15.0 | 4.5 | 10.2 | 45.3 | 1.5 | 2.0 | 3.8 |
| Category Average | -17.4 | -8.5 | -17.3 | 0.5 | 3.9 | 35.2 | 0.2 | 0.8 | 3.1 |
| Ranking (Quartile) | 2 | 3 | 4 | 1 | 1 | 3 | 1 | 1 | 3 |

Source: Morningstar for the category average and quartiles.
Fund AUM: 792M€ / 776M$ (1)
Share class AUM: 3.3M€
NAV: 141.65€
Morningstar Category™: Global Emerging Markets Equity
09/2022

## FUND MANAGER(S)
Xavier Hovasse since 25/02/2015 Haiyan Li-Labbé since 01/01/2021
|  | MONTHLY GROSS PERFORMANCE |  | REFERENCE INDICATOR MSCI EM (USD) (Reinvested Net Dividends). |
| --- | --- | --- | --- |
| STATISTICS (%) |  |  |  | VAR |  |  | CONTRIBUTION |  |  |
|  | 1 Year 3 | Years |  | Fund VaR | 13.9% |  | Equity Portfolio | -9.5% |  |
| Fund Volatility | 18.7 | 20.3 |  | Indicator VaR | 11.6% |  | Equity Derivatives | 0.3% |  |
| Indicator Volatility | 15.8 | 18.1 |  |  |  |  | Currency Derivatives | 0.2% |  |
| Sharpe Ratio | -1.2 | 0.3 |  |  |  |  | Total | -9.0% |  |
| Beta | 1.0 | 1.0 |  |  |  |  |  |  |  |
| Alpha | -0.1 | -0.0 |  |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |  |  |

* For the share class Carmignac Emergents A EUR Ydis. Risk Scale from the KIID (Key Investor Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. (1) Exchange Rate EUR/USD as of 30/09/2022.
| ASSET ALLOCATION |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Equities | 90.8% |  | Consumer Discretionary |  |  | 29.4% |
| Developed Countries | 1.7% |  | Information Technology |  | 21.1% |  |

Asia-Pacific	1.7%
Emerging Markets	89.0%
Latin America	17.6%
Asia	71.1%
Eastern Europe	0.4%
Cash, Cash Equivalents and Derivatives Operations	9.2%
Financials Utilities Healthcare Consumer Staples
Materials
Industrials
Real Estate
Communication Services
Rebased weights

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)
73.8%

## NET CURRENCY EXPOSURE OF THE FUND
Hong Kong Dollar
31.9%
Mid (2000 - 10000 MEUR)	Euro
Rebased weights
Small (<2000 MEUR)
Won Brazilian Real
Mexican Peso
Renminbi (Yuan)
New Taiwan Dollar
US Dollar
Malaysian Ringgit
Yen
Look through currency exposure, based on the home market of the foreign company.

## TOP TEN
Name	Country	Sector	%

## GEOGRAPHIC BREAKDOWN
China
36.7%
SAMSUNG ELECTRONICS	South Korea	Information Technology	8.6% B3 BOLSA BALCAO	Brazil	Financials	5.1%
GRUPO BANORTE	Mexico	Financials	5.0% NEW ORIENTAL EDUCATION & TEC China	Consumer Discretionary	4.9%
South Korea
Brazil India
| TAIWAN SEMICONDUCTOR | Taiwan | Information Technology | 4.8% | Mexico |  | 5.5% |
| --- | --- | --- | --- | --- | --- | --- |
| LG CHEM | South Korea | Materials | 3.7% | Taiwan |  | 5.3% |

HAIER SMART HOME CO LTD-H	China	Consumer Discretionary	3.7%
ANTA SPORTS PRODUCTS	China	Consumer Discretionary	3.7%
Hong Kong
H.K EXCHANGES AND CLEARING LTD
Hong Kong	Financials	3.7%
Malaysia
Japan
HYUNDAI MOTOR	South Korea	Consumer Discretionary	3.5%
Total	46.6%
Rebased weights
Singapur Other countries

Translation (ENIT, 2022-09-30):
# PROFILO
Classificazione SFDR: Articolo 9
Domiciliazione: Francia
Destinazione dei proventi: Distribuzione
Tipo di Fondo: UCITS
Forma giuridica: FCP
Chiusura dell'esercizio: 31/12
Sottoscrizione/Rimborso: Giorno lavorativo
175
150
125
100
75
50
07/12 09/12
09/13
09/14
09/15
09/16
09/17
09/18
09/19
09/20
09/21
45.3%
37.9%
09/22
Termine ultimo accettazione ordini: entro le ore 18:00 (CET/CEST)
Data di lancio del Fondo: 31/01/1997
Data primo NAV: 19/06/2012
Valuta di quotazione: EUR
Patrimonio Gestito del Fondo: 792M€ /
Carmignac Emergents A EUR Ydis	Indice di riferimento
PERFORMANCE CUMULATE E ANNUALIZZATE (al 30/09/2022 - al netto delle commissioni)
|  | Dal | 1 | 1 | 3 | 5 | 10 |  | 3 | 5 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 31/12/2021 | Mese | anno | anni | anni | anni |  | anni | anni | anni |
| A EUR Ydis | -16.9 | -9.1 | -22.6 | 17.5 | 12.1 | 37.9 |  | 5.5 | 2.3 | 3.3 |
| Indice di riferimento | -15.4 | -9.4 | -15.0 | 4.5 | 10.2 | 45.3 |  | 1.5 | 2.0 | 3.8 |
| Media della categoria | -17.4 | -8.5 | -17.3 | 0.5 | 3.9 | 35.2 |  | 0.2 | 0.8 | 3.1 |
| Classificazione (quartile) | 2 | 3 | 4 | 1 | 1 | 3 |  | 1 | 1 | 3 |

Rendimenti cumulati (%)	Performance annualizzate (%)
776M$ (1)
Patrimonio Gestito del Fondo: 3.3M€
NAV: 141.65€
Categorie Morningstar™: Global Emerging Markets Equity
Fonte: Morningstar, per la media di categoria e per i quartile.

## CONTRIBUTO ALLA PERFORMANCE LORDA
09/2022

## GESTORE DEL FONDO
Xavier Hovasse dal 25/02/2015 Haiyan Li-Labbé dal 01/01/2021

## INDICE DI RIFERIMENTO
MSCI EM (USD) (Dividendi netti reinvestiti).

## STATISTICHE (%)
VAR

## MENSILE
|  | 1 anno | 3 anni |  | VaR % Fondo | 13.9% |  | Portafoglio azionario | -9.5% |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Volatilite del fondo | 18.7 | 20.3 |  | VaR % Indice | 11.6% |  | Derivati Azioni | 0.3% |
| Volatilite dell'indicatore | 15.8 | 18.1 |  |  |  |  | Derivati Valute | 0.2% |
| Ratio di Sharpe | -1.2 | 0.3 |  |  |  |  | Totale | -9.0% |
| Beta | 1.0 | 1.0 |  |
| Alfa | -0.1 | -0.0 |
| Calcolo: base mensile |  |  |

* Per Carmignac Emergents A EUR Ydis. Scala di Rischio del KIID (Informazioni chiave per gli investitori). Il rischio 1 non significa che l'investimento sia privo di rischio. Questo indicatore può evolvere nel tempo. (1) Tasso di cambio EUR/USD al 30/09/2022.
| RIPARTIZIONE PER ASSET CLASS |  |  | RIPARTIZIONE PER SETTORE |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Azioni | 90.8% |  | Beni voluttuari |  |  | 29.4% |
| Paesi sviluppati | 1.7% |  | Settore IT |  | 21.1% |  |

Asia Pacifico	1.7%
Paesi emergenti	89.0%
America Latina	17.6%
Asia	71.1%
Europa dell'Est	0.4%
Liquidità, impieghi di tesoreria e operazioni su derivati	9.2%
Finanza Servizi Pubblici Healthcare
Beni di consumo
Materiali
Industria
Investimento immobiliare
Servizi di Comunicazione
Peso ribasato

## RIPARTIZIONE PER CAPITALIZZAZIONE
Grandi (>10000 MEUR)
73.8%

## ESPOSIZIONE NETTA DEL FONDO PER VALUTA
HKD
31.9%
Medie (2000 - 10000 MEUR)	EUR
Peso ribasato
Piccole (<2000 MEUR)
KRW BRL
MXN
CNY
TWD
USD
MYR
JPY
Analisi dell'esposizione valutaria in base al mercato nazionale della società estera.

## TOP TEN POSIZIONI
Nome	Paese	Settore	%
SAMSUNG ELECTRONICS	Corea del Sud	Settore IT	8.6%
B3 BOLSA BALCAO	Brasile	Finanza	5.1%
GRUPO BANORTE	Messico	Finanza	5.0%
NEW ORIENTAL EDUCATION & TEC Cina	Beni voluttuari	4.9%

## RIPARTIZIONE PER AREA GEOGRAFICA
Cina Corea del Sud
Brasile India
36.7%
| TAIWAN SEMICONDUCTOR | Taiwan | Settore IT | 4.8% | Messico |  | 5.5% |
| --- | --- | --- | --- | --- | --- | --- |
| LG CHEM | Corea del Sud | Materiali | 3.7% | Taiwan |  | 5.3% |

HAIER SMART HOME CO LTD-H	Cina	Beni voluttuari	3.7%
ANTA SPORTS PRODUCTS	Cina	Beni voluttuari	3.7%
Hong Kong
H.K EXCHANGES AND CLEARING LTD
Hong Kong	Finanza	3.7%
Malesia
Giappone
HYUNDAI MOTOR	Corea del Sud	Beni voluttuari	3.5%
Totale	46.6%
Peso ribasato
Singapore Altri paesi