Carmignac P. Grande Europe: September 2023
Portfolio News
Annualized return - F EUR Acc Share Class
1M | YTD | 1Y | 3Y | 5Y | MD | |
---|---|---|---|---|---|---|
Carmignac Portfolio Grande Europe | -3.34% | +8.42% | +18.23% | +4.76% | +7.42% | +8.31% |
Reference Indicator* | -1.66% | +8.52% | +19.20% | +10.32% | +5.88% | +6.87% |
* Reference Indicator: Stoxx Europe 600 (NR, EUR). ** Mark Denham took over the fund on the 17/11/2016. Past performance is not necessarily indicative of future performance. Performance are net of fees (excluding possible entrance fees charges by distribution). The return may increase or decrease as a result of currency fluctuations. The fund presents a risk of capital loss. Source: Carmignac, Sept 2023.
Performance Review
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TOP 3 CONTRIBUTORS
- ZEALAD PHARMA Healthcare: +0.39
- NOVO NORDISK Healthcare: +0.10
- NORDNET Financials: +0.10
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TOP 3 DETRACTORS
- LONZA Healthcare: -0.77
- STRAUMANN Healthcare: -0.35
- ASML Technology: -0.31
Notable portfolio moves
New Positions: Beiersdorf (1.10%)
Reinforcements: Novo Nordisk (9.67%), Sanofi (3.80%), ASML (4.11%)
Reductions: AstraZeneca (1.00%), CapGemini (2.32%), Prudential (0.63%)
Positions Sold: Orsted, Adyen
Number of Holdings: 35 (target range 35/40)
Positioning
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SECTOR ALLOCATION
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TOP 10 POSITIONS
Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities. Data as of 30/09/2023. Source: Carmignac, Sept 2023.
Strategy reminder
Investment Objective: The fund aims to outperform its reference indicator over a recommended investment horizon of five years.
An actively managed and concentrated European equity strategy.
100% bottom-up.
High Conviction: 35 to 40 stocks on average.
SFDR Article 9 Strategy* with:
- A fully integrated SRI approach
- A sustainable investment objective
* Other investment restrictions apply. Please refer to the fund documentation for a complete description of the fund. **SFDR Fund Classification: Article 9 starting 1st January 2022. Sustainable Finance Disclosure Regulation (SFDR) 2019/2088.
For more information please refer to EUR-lex. Carmignac Portfolio Grande Europe obtained the French and Belgian SRI Labels: https://www.lelabelisr.fr/en/; https://www.towardssustainability.be/; https://www.febelfin.be/fr
Carmignac Portfolio Grande Europe F EUR Acc
Recommended minimum investment horizon
Lower risk Higher risk
Potentially lower return Potentially higher return
EQUITY: The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.
CURRENCY: Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments.
DISCRETIONARY MANAGEMENT: Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.
The Fund presents a risk of loss of capital.
Carmignac Portfolio Grande Europe F EUR Acc
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
2024 (YTD) ? Year to date |
|
---|---|---|---|---|---|---|---|---|---|---|---|
Carmignac Portfolio Grande Europe F EUR Acc | +10.70 % | -0.76 % | +5.08 % | +11.00 % | -9.61 % | +35.49 % | +14.43 % | +22.52 % | -20.58 % | +15.50 % | +15.52 % |
Reference Indicator | +7.20 % | +9.60 % | +1.73 % | +10.58 % | -10.77 % | +26.82 % | -1.99 % | +24.91 % | -10.64 % | +15.81 % | +11.72 % |
Scroll right to see full table
3 Years | 5 Years | 10 Years | |
---|---|---|---|
Carmignac Portfolio Grande Europe F EUR Acc | +4.54 % | +10.43 % | +7.87 % |
Reference Indicator | +7.53 % | +8.46 % | +7.05 % |
Scroll right to see full table
Source: Carmignac at 30/09/2024
Maximum subscription fees paid to distributors : | 0,00% |
Redemption Fees : | 0,00% |
Ongoing Charges : | 1.15% |
Conversion Fee : | 0% |
Management Fees : | 0,85% |
Performance Fees : | 20,00% |