# PROFILE
SFDR Fund Classification: Article 8
Domicile: France
Dividend Policy: Accumulation
Fund Type: FIA
Legal Form: FCP
Fiscal Year End: 31/12
Subscription/Redemption: Daily
Order Placement Cut-Off Time: Before 18:00 (CET/CEST)
Fund Inception Date: 31/12/2019 Date of 1st NAV: 16/03/2021 Base Currency: EUR
Fund AUM: 99M€ / 105M$ (1)
Share class AUM: 17M€
NAV: 60.81€
04/21
05/21
08/21
11/21
02/22
05/22
08/22
11/22
02/23
Morningstar Category™: Greater China Equity
Carmignac China New Economy F EUR Acc	Reference Indicator
CUMULATIVE AND ANNUALIZED PERFORMANCE (as of 28/02/2023 - Net of fees)
Annualised
	Cumulative Performance (%)		Performance (%)

## FUND MANAGER(S)
Haiyan Li-Labbé since 01/01/2020

## REFERENCE INDICATOR
MSCI China Index (USD, Net dividends
Since 30/12/2022
1
Month
1
Year
Since 16/03/2021
Since 16/03/2021
reinvested).
F EUR Acc	-0.5	-10.2	9.4	-39.2		-22.4	

## OTHER ESG CHARACTERISTICS
| Reference Indicator | 0.8 | -8.2 | -11.2 | -33.1 | -18.5 | Minimum % Taxonomy Alignment	0% |
| --- | --- | --- | --- | --- | --- | --- |
| Category Average | 2.4 | -5.3 | -15.1 | -24.3 | -13.2 | Minimum % Sustainable Investments	0% |
| Ranking (Quartile) | 4 | 4 | 1 | 4 | 4 | Principal Adverse Impact Indicators	Yes |

Source: Morningstar for the category average and quartiles.
| STATISTICS (%) |  |  | PERFORMANCE CONTRIBUTION |  |
| --- | --- | --- | --- | --- |
|  | 1 Year |  | Equity Portfolio | -9.6% |
| Fund Volatility | 48.6 |  | Equity Derivatives | -1.5% |
| Indicator Volatility | 38.2 |  | Currency Derivatives | 0.9% |
| Sharpe Ratio | 0.2 |  | Total | -10.2% |
| Beta | 1.0 |  | Gross monthly performance |  |
| Alpha | -0.2 |  |  |  |
| Calculation : Weekly basis |  |  |  |  |

* For the share class Carmignac China New Economy 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 BY LISTING PLACE |  |  | SECTOR BREAKDOWN |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Equities | 95.3% |  | Consumer Discretionary |  |  | 48.3% |
| Emerging Markets | 95.3% |  | Industrials |  | 13.0% |  |

Asia	95.3%
ADR (USA)	40.2%
Hong Kong (H-Share)	41.3%
Shanghai & Shenzhen (A-Share)	13.8%
Cash, Cash Equivalents and Derivatives Operations	4.7%
Information Technology
Financials Real Estate Healthcare
Communication Services
Materials
Utilities
Rebased weights

## CAPITALISATION BREAKDOWN
Large (>10000 MEUR)

## NET CURRENCY EXPOSURE OF THE FUND
Renminbi (Yuan)
93.4%
Mid (2000 - 10000 MEUR)
55.2%
Euro
Rebased weights
Small (<2000 MEUR)
Hong Kong Dollar
Look through currency exposure, based on the home market of the foreign company.

## TOP TEN
| MINISO GROUP | ADR (USA) | Consumer Discretionary | 9.3% |
| --- | --- | --- | --- |
| CHINDATA GROUP ADR | ADR (USA) | Information Technology | 6.6% |
| ALIBABA GROUP HOLDING | ADR (USA) | Consumer Discretionary | 6.2% |
| FULL TRUCK ALLIANCE -SPN ADR | ADR (USA) | Industrials | 5.1% |
| ANTA SPORTS PRODUCTS | Hong Kong (H-Share) | Consumer Discretionary | 5.0% |
| MEITUAN B | Hong Kong (H-Share) | Consumer Discretionary | 4.7% |
| POP MART INTERNATIONAL | Hong Kong (H-Share) | Consumer Discretionary | 4.6% |
| HELENS INTERNATIONAL | Hong Kong (H-Share) | Consumer Discretionary | 4.3% |
| CHINA EDU GRP HLDGS | Hong Kong (H-Share) | Consumer Discretionary | 4.3% |
| EAST MONEY INFO A (HK-C) | Shanghai & Shenzhen (A-Financials Share) | 4.0% |
| Total |  | 54.1% |

Name	Listing place	Sector	%

## GEOGRAPHIC BREAKDOWN
Rebased weights
China	100.0%

Translation (ENDE, 2023-02-28):
# PROFIL
SFDR-Fonds-Klassifizierung: Artikel 8 Domizil: Frankreich Ertragsverwendung: Thesaurierung Fondstyp: FIA
Rechtsform: FCP Geschäftsjahresende: 31/12 Zeichnung/Rücknahme: Werktag
Orderannahmefrist: vor 18:00 Uhr (MEZ/MESZ) Auflegungsdatum des Fonds: 31/12/2019 Datum des ersten NAV: 16/03/2021
80
60
40
04/21
05/21
08/21
11/21
02/22
05/22
08/22
11/22
-33.1%
-39.2%
02/23
Notierungswährung: EUR
Verwaltetes Vermögen des Fonds: 99M€ / 105M$ (1)
Volumen der Anteilsklasse: 17M€
Carmignac China New Economy F EUR Acc	Referenzindikator
KUMULIERTE UND ANNUALISIERTE PERFORMANCE (zum 28/02/2023 - nach Abzug von
Gebühren)
Annualisierte
	Jährliche Wertentwicklungen (%)		Performance (%)
NAV: 60.81€
Morningstar Kategorie™: Greater China Equity

## FONDSMANAGER
Haiyan Li-Labbé seit 01/01/2020

## REFERENZINDIKATOR
|  | seit 30/12/2022 | 1 Monat | 1 Jahr | seit 16/03/2021 |  | seit 16/03/2021 | MSCI China Index (USD, Net div reinvested). |
| --- | --- | --- | --- | --- | --- | --- | --- |
| F EUR Acc | -0.5 | -10.2 | 9.4 | -39.2 |  | -22.4 |  |
| Referenzindikator | 0.8 | -8.2 | -11.2 | -33.1 |  | -18.5 | ANDERE ESG-MERKMALE |

idends
Durchschnitt der Kategorie
2.4	-5.3	-15.1	-24.3	-13.2
Minimum % Taxonomie	0%
Minimum % nachhaltiger Investments	0%
Ranking (Quartil)	4	4	1	4	4
Quelle: Morningstar für den Durchschnitt der Kategorie und die Quartile.
Principal Adverse Impact Berücksichtigung	Ja

## MONATLICHER BRUTTOPERFORMANCE-
| STATISTIKEN (%) |  |  | BEITRAG |  |
| --- | --- | --- | --- | --- |
|  | 1 Jahr |  | Aktienportfolio | -9.6% |
| Volatilität des Fonds | 48.6 |  | Aktien Derivate | -1.5% |
| Volatilität des Indikators | 38.2 |  | Devisen Derivate | 0.9% |
| Sharpe-Ratio | 0.2 |  | Summe | -10.2% |
| Beta | 1.0 |  | Gross monthly performance |  |
| Alpha | -0.2 |  |  |  |
| Berechnung: wöchentlich |  |  |  |  |

* Für die Anteilsklasse Carmignac China New Economy F 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.

## ASSET ALLOCATION NACH KOTIERUNGSMARKT
Aktien	95.3%
Schwellenländer	95.3%
Asien	95.3%
ADR (USA)	40.2%
Hong Kong (H-Aktie)	41.3%
Shanghai & Shenzhen (A-Aktie)	13.8%
Liquidität, Einsatz von Bargeldbestand und Derivate	4.7%

## SEKTOREN
Nicht-Basiskonsumguter Industrieunternehmen
IT
Finanzwesen Immobilien Gesundheitswesen
48.3%
Kommunikationsdienste
Roh- Hilfs- & Betriebsstoffe
Versorger
Umbasierte Gewichtung

## MARKTKAPITALISIERUNG
Large (>10000 MEUR)

## NETTODEVISEN-EXPOSURE DES FONDS
CNY
93.4%
Mid (2000 - 10000 MEUR)
55.2%
EUR
Umbasierte Gewichtung
Small (<2000 MEUR)
HKD
Transparentes Währungsexposure auf der Basis des Heimatmarktes des ausländischen Unternehmens.
| TOP TEN POSITIONEN |  |
| --- | --- |
| Name | Auflistungsort | Sektor | % |
| MINISO GROUP | ADR (USA) | Nicht-Basiskonsumguter | 9.3% |
| CHINDATA GROUP ADR | ADR (USA) | IT | 6.6% |
| ALIBABA GROUP HOLDING | ADR (USA) | Nicht-Basiskonsumguter | 6.2% |
| FULL TRUCK ALLIANCE -SPN ADR | ADR (USA) | Industrieunternehmen | 5.1% |
| ANTA SPORTS PRODUCTS | Hong Kong (H-Aktie) | Nicht-Basiskonsumguter | 5.0% |
| MEITUAN B | Hong Kong (H-Aktie) | Nicht-Basiskonsumguter | 4.7% |
| POP MART INTERNATIONAL | Hong Kong (H-Aktie) | Nicht-Basiskonsumguter | 4.6% |
| HELENS INTERNATIONAL | Hong Kong (H-Aktie) | Nicht-Basiskonsumguter | 4.3% |
| CHINA EDU GRP HLDGS | Hong Kong (H-Aktie) | Nicht-Basiskonsumguter | 4.3% |
| EAST MONEY INFO A (HK-C) | Shanghai & Shenzhen (A-Finanzwesen Aktie) | 4.0% |
| Summe |  | 54.1% |


## REGIONEN
Umbasierte Gewichtung
China	100.0%