Carmignac Portfolio EM Debt

Share Class

LU1623763221

Risk Indicator

3 / 7

Recommended Minimum Investment Horizon

3 years

Cumulative Performance since launch Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months

From 31/07/2017 To 20/11/2024

+ 42.1 %

0.0 %

+ 26.5 %

+ 10.0 %

+ 8.5 %

Calendar Year Performance 2014Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023

+ 0.8 %

- 10.5 %

+ 28.1 %

+ 9.8 %

+ 3.2 %

- 9.4 %

+ 14.3 %

Net Asset Value

142.11 €

Asset Under Management

244 M €

Market

Emerging markets

SFDR - Fund Classification

Article 8

Data as of: 20 Nov 2024.

Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged. The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.

Fixed income strategiesCarmignac Portfolio EM Debt

Carmignac Portfolio EM Debt ESG Breakdown

This section contains the information relating to the ESG breakdown of the Fund.

Carmignac Portfolio EM Debt ESG Breakdown

This financial product is classified Article 8 of the Sustainable Finance Disclosure Regulation (“SFDR”). The binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product are :

A minimum of 10% of the Sub-Fund’s net assets are invested in emerging market sovereign or quasi sovereign debt issuers within the top quartile of the sustainability score distribution (≥3.4/5) or green, social, sustainable and sustainability-linked corporate or sovereign bonds;
Corporate bond Investment universe is actively reduced by at least 20%;
ESG analysis applied to at least 90% of issuers;
The minimum levels of sustainable investments with environmental and social objectives are respectively 1% and 1% of the Sub-Fund’s net assets;
At least 60% of its net assets in emerging markets sovereign and quasi-sovereign debt investments respecting the following portfolio composition rules:
60% have a sustainability score of 3 or higher in the scoring system, 90% have a sustainability score of 2.6 or higher in the scoring system, Average exposure weighted sustainability score is above 3.

View all ESG documents

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (SDGS)

The graph illustrates the percentage of assets in the portfolio that are aligned with the United Nations Sustainable Development Goals. This enables us to measure the contribution of our investments to achieving these global objectives.

By promoting sustainable development, poverty reduction, environmental protection, health, education and many other areas, these investments go beyond traditional financial objectives by integrating social and environmental considerations into their management.

Alignment with the UN Sustainable Development Goals (% of Net Assets)

Data as of: 30 Sep 2024.

Assets Aligned with SDGs: 3.6 %

SDG Operational Alignement : SDG Operational Alignement: 2.6 %

SDG 1 : No Poverty: 0.7 %

SDG 9 : Industry, Innovation and Infrastructure: 0.3 %

Not in line with the United Nations Sustainable Development Goals (SDGs): 96.4 %

Total

3.6 %

Our outcomes framework

Top 5 ESG Breakdown

The Top 5 ESG ratings highlight the 5 positions with the best sustainable ratings among the fund's investments.

The Top 5 active weightings show the positions that have been overweighted relative to the benchmark, illustrated by their ESG ratings. This highlights the main divergences between the composition of the fund's portfolio and that of the benchmark.

Top 5 ESG Rated Portfolio Holdings

Data as of: 30 Sep 2024.

Company

PETROLEUM GEOSERVICES AS

ING GROEP NV

GEOPARK LTD

CESK SPORITELNA AS

BANCO MERCANTIL DEL NORTE SA DE CV

ESG Rating

AAA

Source: MSCI ESG

Top 5 Active Weights and ESG Scores

Data as of: 30 Sep 2024.

Company

OTP BANK NYRT

BANCO MERCANTIL DEL NORTE SA DE CV

ING GROEP NV

PETROLEUM GEOSERVICES AS

BANCO MERCANTIL DEL NORTE SA GRAND CAYMAN BRANCH

ESG Rating

BBB

AAA

Source: MSCI ESG

Carmignac Portfolio EM Debt VS. Reference Indicator

The graph compares the distribution of ESG ratings for the fund's investments with the distribution of ESG ratings for the assets of its benchmark.

MSCI ESG Score Portfolio vs. Reference Indicator (%)

Data as of: 30 Sep 2024.

Leader

Average

Laggard

Fund (Equity + Corporate Bonds)

Reference Indicator

Source: 50% JP Morgan GBI – Emerging Markets Global Diversified Composite Unhedged EUR Index (JGENVUEG) + 50% JPMorgan EMBI Global Diversified EUR hedged Index (JPEIDHEU)

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The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.

Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.

The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.