# PROFILE
SFDR Fund Classification: Article 9
Domicile: France
Dividend Policy: Accumulation
Fund Type: UCITS Legal Form: FCP Fiscal Year End: 31/12
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
150
125
100
75
50
01/13 02/13
02/14
02/15
02/16
02/17
02/18
02/19
02/20
02/21
02/22
43.3%
42.5%
02/23
Fund Inception Date: 31/01/1997 Date of 1st NAV: 03/02/1997 Base Currency: EUR
Fund AUM: 837M€ / 887M$ (1)
Share class AUM: 820M€
NAV: 1091.12€
Carmignac Emergents A EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 28/02/2023 - Net of fees)
	Cumulative Performance (%)	 Annualised Performance (%) 
|  | Since | 1 | 1 | 3 | 5 | 10 |  | 3 | 5 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 30/12/2022 | Month | Year | Years | Years | Years |  | Years | Years | Years |
| A EUR Acc | 3.8 | -4.9 | -4.1 | 16.2 | 18.2 | 42.5 |  | 5.1 | 3.4 | 3.6 |
| Reference Indicator | 1.5 | -4.2 | -10.3 | 6.6 | 4.7 | 43.3 |  | 2.2 | 0.9 | 3.7 |
| Category Average | 2.5 | -3.8 | -9.7 | 4.5 | 0.8 | 33.1 |  | 1.5 | 0.2 | 2.9 |
| Ranking (Quartile) | 1 | 4 | 1 | 1 | 1 | 2 |  | 1 | 1 | 2 |

Source: Morningstar for the category average and quartiles.

## PERFORMANCE
Morningstar Category™: Global Emerging Markets Equity
02/2023

## FUND MANAGER(S)
Xavier Hovasse since 25/02/2015 Haiyan Li-Labbé since 01/01/2021

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

## OTHER ESG CHARACTERISTICS
Minimum % Taxonomy Alignment	0%
Minimum % Sustainable Investments	80%
| STATISTICS (%) |  |  | VAR |  |  | CONTRIBUTION |  | Principal Adverse Impact Indicators	Yes |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Year 3 Years |  | Fund VaR | 17.1% |  | Equity Portfolio | -5.3% |  |
| Fund Volatility | 25.4	21.1 |  | Indicator VaR | 12.4% |  | Equity Derivatives | 0.1% |  |
| Indicator Volatility | 18.6	17.7 |  |  |  |  | Currency Derivatives | 0.4% |  |
| Sharpe Ratio | -0.2	0.3 |  |  |  |  | Total | -4.9% |  |
| Beta | 1.0	1.1 |  |  |  |  | Gross monthly performance |  |  |
| Alpha | -0.1	0.1 |  |  |  |  |  |  |  |
| Calculation : Weekly basis |  |  |  |  |  |  |  |  |

* For the share class Carmignac Emergents 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 | 95.9% |  | Consumer Discretionary |  |  | 31.4% |
| Developed Countries | 2.1% |  | Information Technology |  | 20.7% |  |

Asia-Pacific	2.1%
Emerging Markets	93.8%
Financials
14.3%
| Latin America | 17.1% | Utilities | 9.6% |
| --- | --- | --- | --- |
| Asia | 76.5% | Healthcare | 5.3% |
| Eastern Europe | 0.3% | Industrials | 5.2% |

Cash, Cash Equivalents and Derivatives Operations	4.1%
Materials
4.5%
Real Estate 3.6%
Consumer Staples 3.4%
Rebased weights
Communication Services
1.9%

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)
80.0%

## NET CURRENCY EXPOSURE OF THE FUND
Renminbi (Yuan)
39.4%
Mid (2000 - 10000 MEUR)	Won
Rebased weights
Small (<2000 MEUR)
Brazilian Real
US Dollar
New Taiwan Dollar
Indian Rupee
Chilean Peso
Mexican Peso
Euro
Yen
Others
Look through currency exposure, based on the home market of the foreign company.

## TOP TEN
Name	Country	Sector	%

## GEOGRAPHIC BREAKDOWN
China
39.6%
|  | Brazil |  |  | 11.8% |
| --- | --- | --- | --- | --- |
| GRUPO BANORTE | Mexico | Financials | 5.8% |  |  |  |  |
| ELETROBRAS ON | Brazil | Utilities | 4.9% | Taiwan |  |  | 7.6% |
| ALIBABA GROUP HOLDING | China | Consumer Discretionary | 4.8% | India |  |  | 7.4% |
| MINISO GROUP | China | Consumer Discretionary | 4.8% | Mexico |  |  | 6.0% |

SAMSUNG ELECTRONICS	South Korea	Information Technology	8.5% TAIWAN SEMICONDUCTOR	Taiwan	Information Technology	7.3%
South Korea
ANTA SPORTS PRODUCTS	China	Consumer Discretionary	4.6%
LG CHEM	South Korea	Materials	4.3%
Hong Kong
H.K EXCHANGES AND CLEARING LTD
Hong Kong	Financials	3.9%
Japan
Malaysia
HAIER SMART HOME CO H	China	Consumer Discretionary	3.5%
Total	52.4%
Rebased weights
Singapur Other countries

Translation (ENDE, 2023-02-28):
# PROFIL
SFDR-Fonds-Klassifizierung: Artikel 9 Domizil: Frankreich Ertragsverwendung: Thesaurierung Fondstyp: UCITS
Rechtsform: FCP Geschäftsjahresende: 31/12 Zeichnung/Rücknahme: Werktag
Orderannahmefrist: vor 18:00 Uhr (MEZ/MESZ)
Auflegungsdatum des Fonds: 31/01/1997
200
175
150
125
100
75
50
01/13 02/13
02/14
02/15
02/16
02/17
02/18
02/19
02/20
02/21
02/22
43.3%
42.5%
02/23
Datum des ersten NAV: 03/02/1997
Notierungswährung: EUR
Verwaltetes Vermögen des Fonds: 837M€ / 887M$ (1)
Volumen der Anteilsklasse: 820M€
NAV: 1091.12€
Carmignac Emergents A EUR Acc	Referenzindikator
KUMULIERTE UND ANNUALISIERTE PERFORMANCE (zum 28/02/2023 - nach Abzug von
Gebühren)
Morningstar Kategorie™: Global Emerging Markets Equity
02/2023
Jährliche Wertentwicklungen (%)	Annualisierte Performance (%)
seit
1	1	3
5	10
3	5	10

## FONDSMANAGER
| A EUR Acc	3.8	 Referenzindikator	1.5 | -4.9	 -4.2 | -4.1	 -10.3 | 16.2	 6.6 | 18.2	42.5  4.7	43.3 |   5.1	 2.2 | 3.4	 0.9 | 3.6	 3.7 | Haiyan Li-Labbé seit 01/01/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Durchschnitt der	2.5 | -3.8 | -9.7 | 4.5 | 0.8	33.1 | 1.5 | 0.2 | 2.9 | REFERENZINDIKATOR |
| Ranking (Quartil)	1 | 4 | 1 | 1 | 1	2 | 1 | 1 | 2 | MSCI EM (USD) (Vierteljährlich neu gewichtet). |

 30/12/2022  Monat	Jahr	Jahren  Jahren	Jahren 
 Jahren	Jahren	Jahren 
Xavier Hovasse seit 25/02/2015
Kategorie
Quelle: Morningstar für den Durchschnitt der Kategorie und die Quartile.

## MONATLICHER BRUTTO-
ANDERE ESG-MERKMALE
Minimum % Taxonomie	0%
Minimum % nachhaltiger Investments	80%
| STATISTIKEN (%) |  |  | VAR |  |  | PERFORMANCEBEITRAG | Principal Adverse Impact Berücksichtigung	Ja |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Jahr 3 Jahren |  | VaR des Portfolios | 17.1% |  | Aktienportfolio	-5.3% |  |
| Volatilität des Fonds | 25.4	21.1 |  | VaR der Benchmark | 12.4% |  | Aktien Derivate	0.1% |  |
| Volatilität des Indikators | 18.6	17.7 |  |  |  |  | Devisen Derivate	0.4% |  |
| Sharpe-Ratio | -0.2	0.3 |  |  |  |  | Summe	-4.9% |  |
| Beta | 1.0	1.1 |  |  |  |  | Gross monthly performance |  |
| Alpha | -0.1	0.1 |  |  |  |  |  |  |
| Berechnung: wöchentlich |  |  |  |  |  |  |  |

* Für die Anteilsklasse Carmignac Emergents A EUR Acc. Risiko Skala von KID (Basisinformationsblatt). Das Risiko 1 ist nicht eine risikolose Investition. Dieser Indikator kann sich im Laufe der Zeit verändern.
(1) Wechselkurs EUR/USD zum 28/02/2023.
| PORTFOLIOSTRUKTUR |  |  | SEKTOREN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |
| Aktien | 95.9% |  |  | Nicht-Basiskonsumguter |  |  | 31.4% |
| Industriestaaten | 2.1% |  |  | IT |  | 20.7% |  |

Asien - Pazifik	2.1%
Schwellenländer	93.8%
Finanzwesen
14.3%
| Lateinamerika | 17.1% | Versorger | 9.6% |
| --- | --- | --- | --- |
| Asien | 76.5% | Gesundheitswesen | 5.3% |
| Osteuropa | 0.3% | Industrieunternehmen | 5.2% |

Liquidität, Einsatz von Bargeldbestand und Derivate	4.1%
Roh- Hilfs- & Betriebsstoffe
4.5%
Immobilien 3.6%
Basiskonsumgüter 3.4%
Kommunikationsdienste
Umbasierte Gewichtung
1.9%

## MARKTKAPITALISIERUNG
Large (>10000 MEUR)
80.0%

## NETTODEVISEN-EXPOSURE DES FONDS
CNY
39.4%
Mid (2000 - 10000 MEUR)	KRW
Umbasierte Gewichtung
Small (<2000 MEUR)
BRL USD
TWD
INR
CLP
MXN
EUR
JPY
Sonstige
Transparentes Währungsexposure auf der Basis des Heimatmarktes des ausländischen Unternehmens.
| TOP TEN POSITIONEN |  |  |  |  | REGIONEN |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |
| Name | Land | Sektor | % |  |  | China |  |  | 39.6% |
| SAMSUNG ELECTRONICS | Südkorea | IT | 8.5% |  |  | Südkorea |  | 16.9% |  |
| TAIWAN SEMICONDUCTOR | Taiwan | IT | 7.3% |  |  |  |  |  |  |
|  |  |  |  | Brasilien | 11.8% |
| GRUPO BANORTE | Mexiko | Finanzwesen | 5.8% |  |  |
| ELETROBRAS ON | Brasilien | Versorger | 4.9% | Taiwan | 7.6% |
| ALIBABA GROUP HOLDING | China | Nicht-Basiskonsumguter | 4.8% | Indien | 7.4% |
| MINISO GROUP | China | Nicht-Basiskonsumguter | 4.8% | Mexiko | 6.0% |
| ANTA SPORTS PRODUCTS | China | Nicht-Basiskonsumguter | 4.6% |  |  |  |  |  |  |

Hongkong
LG CHEM	Südkorea	Roh- Hilfs- & Betriebsstoffe	4.3%
H.K EXCHANGES AND CLEARING LTD
Hongkong	Finanzwesen	3.9%
Japan
Malaysia
HAIER SMART HOME CO H	China	Nicht-Basiskonsumguter	3.5%
Summe	52.4%
Umbasierte Gewichtung
Singapur Andere Länder