# PROFILE
SFDR Fund Classification: Article 6
Domicile: France
Dividend Policy: Accumulation
Fund Type: UCITS
250
200
150
100
50
01/13 02/13
02/14
02/15
02/16
02/17
02/18
02/19
02/20
02/21
02/22
24.1%
02/23
Legal Form: FCP
Fiscal Year End: 31/12
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 16:30 (CET/CEST)
Fund Inception Date: 02/01/2002 Date of 1st NAV: 02/01/2002 Base Currency: EUR
Fund AUM: 73M€ / 77M$ (1)
Share class AUM: 73M€
Carmignac Profil Réactif 100 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	3.7	-0.8	-6.5	7.5	1.9	24.1   2.4	0.4	2.2	
Reference Indicator	3.4	-1.0	-5.5	31.0	49.9	159.6	9.4	8.4	10.0
NAV: 223.68€
Morningstar Category™: EUR Flexible Allocation
- Global

## FUND MANAGER(S)
Frédéric Leroux since 15/03/2003
Pierre-Edouard Bonenfant since 01/03/2017

## REFERENCE INDICATOR(2)
70% MSCI AC WORLD (USD, Reinvested Net
| Category Average | 2.9 | -0.7 | -4.8 | 4.4 | 3.9 | 21.1 | 1.5 | 0.8 | 1.9 | Dividends) + 30% ICE BofA Global Broad Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ranking (Quartile) | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 3 | 3 | Index EUR Hedged. Quarterly Rebalanced. |

Source: Morningstar for the category average and quartiles.

## STATISTICS (%)
1 Year 3 Years

## VAR
Fund VaR	10.5%

## PERFORMANCE CONTRIBUTION
Equity Derivatives	-0.1%
| Fund Volatility | 13.9 | 14.3 | Indicator VaR | 8.9% | Bond Derivatives | -0.0% |
| --- | --- | --- | --- | --- | --- | --- |
| Indicator Volatility | 12.6 | 16.0 |  |  | Currency Derivatives | 0.1% |
| Sharpe Ratio | -0.5 | 0.2 |  |  | Mutual Fund | -0.7% |
| Beta | 1.0 | 0.8 |  |  | Total | -0.8% |
| Alpha Calculation : Weekly basis | -0.0 | -0.1 |  |  | Gross monthly performance |  |

* For the share class Carmignac Profil Réactif 100 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. (2) Until 31 December 2012, the reference indicators’ equity indices were calculated ex-dividend. Since 1 January 2013, they have been calculated with net dividends reinvested. Until 31 December 2021, the Fund’s reference indicator was the MSCI AC WORLD NR. Performances are presented using the chaining method.
| ASSET ALLOCATION |  |
| --- | --- |
| Equity Strategies | 64.5% |
| Carmignac Portfolio Investissement | 19.2% |
| Carmignac Portfolio Emergents | 4.0% |


## GEOGRAPHIC BREAKDOWN EQUITY COMPONENT
North America	48.9%
| Carmignac Portfolio Climate Transition | 10.2% | Europe |  |
| --- | --- | --- | --- |
| Carmignac Portfolio Emerging Discovery | 1.4% | Asia |  | 13.1% |
| Carmignac Portfolio Grande Europe | 11.8% | Latin America | 1.7% |  |
| Carmignac Portfolio Grandchildren | 15.1% | Asia-Pacific | 0.4% |  |
| Carmignac China New Economy | 2.9% | Middle East | 0.1% |  |

Diversified Strategies	0.1%
Carmignac Portfolio Patrimoine Europe	0.1%
| Carmignac Portfolio Flexible Bond | 3.2% |
| --- | --- |
| Carmignac Portfolio Global Bond | 3.5% |
| Carmignac Portfolio Credit | 8.9% |
| Carmignac Court Terme | 2.1% |

Fixed Income Strategies	17.7%

## BOND COMPONENT
Eastern Europe
Africa
Europe North America
63.7%
| Alternative strategies	2.9% | Latin America |  |  | 9.5% |
| --- | --- | --- | --- | --- |
| Carmignac Portfolio Long-Short European Equities	2.9% | Eastern Europe |  |  | 5.0% |
|  |  |  |  |  |
| Others	13.9% | Asia |  |  | 2.8% |
|  |  |  |  |  |
| ETF GOLD PRODUCERS | 0.4% | Middle East | 2.3% |
| ETF S&P 500 | 13.5% | Africa | 1.2% |

Cash, Cash Equivalents and Derivatives Operations	0.9%
Supranational

## ASSET CLASS EXPOSURE
Bonds

## FIXED INCOME BREAKDOWN
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
| Fixed Rate Corporate Bonds |  |  |  | 65.1% |
|  |  |  |  |  |
| ABS |  |  | 15.2% |  |
|  |  |  |  |  |
| Fixed Rate Government Bonds |  |  | 13.2% |  |
| Inflation-linked Government Bonds	4.3% |
| Floating Rate Government Bonds | 0.6% |
| Floating Rate Corporate Bonds | 0.6% |
| Supranational Bonds | 0.5% |
| Convertible Corporate Bonds | 0.5% |

Cash, Cash Equivalents & Derivatives
Net Equity Exposure	78.9%

## NET CURRENCY EXPOSURE OF THE FUND
EUR CHF
US Dollar
GBP JPY
AUD and CAD Latin America ASIAN BLOC
Eastern Europe Middle East and Africa
Others
47.2%

## SECTOR BREAKDOWN
Information Technology
Healthcare Industrials
Consumer Discretionary Consumer Staples
Financials Utilities Materials
Communication Services
Energy Real Estate
7.6%
6.9%
5.1%
3.7%
2.4%
2.2%
0.9%
12.6%
12.0%
24.0%
22.6%

## EQUITY EXPOSURE - 1 YEAR HORIZON (% AUM) (1)
100
80
60
40
20
0

## MODIFIED DURATION - 1 YEAR PERIOD
2
0
-2
02/22	05/22	08/22	11/22	02/23
Equity Exposure	Equity Investment Rate
02/22
05/22
08/22
11/22
02/23
(1) Equity Exposure Rate = Equity Investment Rate + Equity Derivatives Exposure.

Translation (ENDE, 2023-02-28):
# PROFIL
SFDR-Fonds-Klassifizierung: Artikel 6 Domizil: Frankreich Ertragsverwendung: Thesaurierung Fondstyp: UCITS
Rechtsform: FCP Geschäftsjahresende: 31/12 Zeichnung/Rücknahme: Werktag
Orderannahmefrist: vor 16:30 Uhr (MEZ/MESZ)
Auflegungsdatum des Fonds: 02/01/2002
Datum des ersten NAV: 02/01/2002
100
50
01/13 02/13
02/14
02/15
02/16
02/17
02/18
02/19
02/20
02/21
02/22
02/23
Notierungswährung: EUR
Verwaltetes Vermögen des Fonds: 73M€ / 77M$ (1)
Carmignac Profil Réactif 100 A EUR Acc	Referenzindikator
KUMULIERTE UND ANNUALISIERTE PERFORMANCE (zum 28/02/2023 - nach Abzug von
Gebühren)
Jährliche Wertentwicklungen (%)	Annualisierte Performance (%)
Volumen der Anteilsklasse: 73M€
NAV: 223.68€
Morningstar Kategorie™: EUR Flexible Allocation - Global

## FONDSMANAGER
Frédéric Leroux seit 15/03/2003
seit 30/12/2022
1
Monat
1
Jahr
3
Jahren
5
Jahren
10
Jahren
3
Jahren
5
Jahren
10
Jahren
Pierre-Edouard Bonenfant seit 01/03/2017
A EUR Acc	3.7	-0.8	-6.5	7.5	1.9	24.1   2.4	0.4	2.2	
Referenzindikator	3.4	-1.0	-5.5	31.0	49.9	159.6	9.4	8.4	10.0

## REFERENZINDIKATOR(2)
Durchschnitt der Kategorie
2.9	-0.7	-4.8	4.4	3.9	21.1	1.5	0.8	1.9
70% MSCI AC WORLD (USD, Reinvestierte Erträge)
+ 30% ICE BofA Global Broad Market Index EUR
Ranking (Quartil)	2	3	3	2	3	3	2	3	3
Quelle: Morningstar für den Durchschnitt der Kategorie und die Quartile.
Hedged. Vierteljährlich neu gewichtet.

## STATISTIKEN (%)
1 Jahr 3 Jahren

## VAR
VaR des Portfolios	10.5%

## MONATLICHER BRUTTO- PERFORMANCEBEITRAG
Aktien Derivate	-0.1%
| Volatilität des Fonds | 13.9 | 14.3 | VaR der Benchmark | 8.9% | Anleihen Derivate | -0.0% |
| --- | --- | --- | --- | --- | --- | --- |
| Volatilität des Indikators | 12.6 | 16.0 |  |  | Devisen Derivate | 0.1% |
| Sharpe-Ratio | -0.5 | 0.2 |  |  | OGAW | -0.7% |
| Beta | 1.0 | 0.8 |  |  | Summe | -0.8% |
| Alpha Berechnung: wöchentlich | -0.0 | -0.1 |  |  | Gross monthly performance |  |

* Für die Anteilsklasse Carmignac Profil Réactif 100 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. (2) Die „Aktien“-Indizes der Referenzindikatoren wurden bis zum 31.12.2012 ohne Dividenden berechnet. Seit dem 01.01.2013 werden sie mit Wiederanlage der Nettodividenden berechnet. Bis zum 31.12.2021 war der MSCI AC WORLD NR der Referenzindikator des Fonds. Die Wertentwicklung wird mithilfe der Verkettungsmethode dargestellt.

## PORTFOLIOSTRUKTUR
| Aktienstrategien | 64.5% |
| --- | --- |
| Carmignac Portfolio Investissement | 19.2% |
| Carmignac Portfolio Emergents | 4.0% |

Carmignac Portfolio Climate Transition	10.2%

## REGIONEN AKTIENANTEIL
Nordamerika
Europa
48.9%
| Carmignac Portfolio Emerging Discovery | 1.4% | Asien |  | 13.1% |
| --- | --- | --- | --- | --- |
| Carmignac Portfolio Grande Europe | 11.8% | Lateinamerika | 1.7% |  |
| Carmignac Portfolio Grandchildren | 15.1% | Asien - Pazifik | 0.4% |  |
| Carmignac China New Economy | 2.9% | Naher Osten | 0.1% |  |
| Diversifizierte Strategien | 0.1% | Osteuropa | 0.0% |  |
| Carmignac Portfolio Patrimoine Europe | 0.1% | Afrika | 0.0% |  |
| Fixed-Income-Strategien | 17.7% |  |  |  |

| Carmignac Portfolio Flexible Bond | 3.2% |
| --- | --- |
| Carmignac Portfolio Global Bond | 3.5% |
| Carmignac Portfolio Credit | 8.9% |
| Carmignac Court Terme | 2.1% |


## RENTENANTEIL
Europa Nordamerika
63.7%
| Alternative Strategien | 2.9% |  | Lateinamerika |  | 9.5% |
| --- | --- | --- | --- | --- | --- |
| Carmignac Portfolio Long-Short European Equities | 2.9% |  | Osteuropa |  | 5.0% |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Sonstige | 13.9% |  | Asien |  | 2.8% |
|  |  |  |  |  |  |
| ETF GOLD PRODUCERS | 0.4% |  | Naher Osten |  | 2.3% |
| ETF S&P 500 | 13.5% |  | Afrika |  | 1.2% |
| Liquidität, Einsatz von Bargeldbestand und Derivate | 0.9% |  | Supranational |  | 0.5% |
| VERMSGENSAUFTEILUNG |  | ANLEIHENTYP |  |  |  |

Anleihen
14.1%
Festverzinsliche Unternehmensanleihen
65.1%
| ABS |  | 15.2% |  |
| --- | --- | --- | --- |
|  |  |  |  |
| Festverzinsliche Staatsanleihen |  | 13.2% |  |
|  |  |  |  |
| Inflationsindexierte Staatsanleihen | 4.3% |  |  |
| Variabel verzinsliche Staatsanleihen | 0.6% |  |  |
| Variabel verzinsliche Unternehmensanleihen | 0.6% |  |  |
| Supranationale Anleihen | 0.5% |  |  |
| Wandelanleihen | 0.5% |  |  |

Liquidität Bargeld und Derivate	7.0%
Nettoaktienquote	78.9%

## NETTODEVISEN-EXPOSURE DES FONDS
EUR CHF
Dollar US
GBP JPY
AUD und CAD Lateinamerika
ASIA
Osteuropa Mittlerer Osten und Afrika
Sonstige
47.2%

## SEKTOREN
IT
Gesundheitswesen Industrieunternehmen Nicht-Basiskonsumguter Basiskonsumgüter
Finanzwesen Versorger
Roh- Hilfs- & Betriebsstoffe Kommunikationsdienste
Energie Immobilien
7.6%
6.9%
5.1%
3.7%
2.4%
2.2%
0.9%
12.6%
12.0%
24.0%
22.6%

## ENTWICKLUNG DER NETTOAKTIENQUOTE SEIT 1 JAHR (VERMÖGEN IN %) (1)
100
80
60
40
20
0

## ENTWICKLUNG DER MOD. DURATION SEIT 1 JAHR
2
0
-2
02/22	05/22	08/22	11/22	02/23
Nettoaktienquote	Bruttoaktienquote
02/22
05/22
08/22
11/22
02/23
(1) Aktienexposure-Rate = Aktieninvestitionsrate + Exposure in Aktienderivaten.