Share Class
LU0807690754
Key documents
Asset Allocation
Equities85.5 %
Other14.5 %
Data as of: Apr 11, 2025.
Risk Indicator
1
2
3
4
5
6
7
Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
- 2.7 %
- 8.6 %
+ 31.5 %
- 11.3 %
- 8.8 %
To 17/04/2025
Calendar 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 2023Calendar Year Performance 2024
- 16.8 %
+ 22.6 %
+ 6.8 %
- 15.6 %
+ 17.9 %
+ 18.9 %
+ 2.6 %
- 20.3 %
+ 5.4 %
- 3.1 %
Net Asset Value
97.35 $
Asset Under Management
140 M €
Net Equity Exposure31/03/2025
75.9 %
SFDR - Fund Classification
Article
8
Data as of: Apr 11, 2025.
Data as of: Apr 17, 2025.
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.
Carmignac Portfolio Climate Transition fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.Our monthly comments
Data as of: Mar 31, 2025.Fund management team
![[Management Team] [Author] Wiskirski Michel](https://carmignac.imgix.net/uploads/NextImage/0001/18/%5BManagement-Team%5D-Wiskirski-Michel.png?auto=format%2Ccompress&fit=fill&w=3840)
Michel Wiskirski
Fund Manager
Performance commentary
- In March, the Fund experienced a negative absolute performance, although it outperformed its benchmark.
- Relative to our broad reference indicator, our overweight position in the Industrials sector was the primary detractor.
- Specifically, Schneider Electric underperformed during the month due to concerns about potential impacts from tariff threats following its announcement to invest over $700 million in its US operations.
- Our outperformance was mainly driven by our stock selection in the Utilities sector.
- RWE was the largest contributor to our performance, reporting robust earnings for 2024, which boosted investor confidence.
Outlook strategy
- During March, we adjusted our weightings in the Transitioners theme by reducing our exposure to RWE following its strong performance.
- Our strong conviction in semiconductors remains intact. Consequently, we increased our positions in the Green Technology sub-theme, particularly in Nvidia, Broadcom, and TSMC.
- We believe that our diversification across sub-themes will enable us to better navigate the current market environment.
Performance Overview
Data as of: Apr 17, 2025.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). Morningstar Rating™ : © Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.On 15/05/2020 the reference indicator changed to MSCI AC WORLD NR (USD) index net dividends reinvested. Performances are presented using the chaining method. The Fund’s name was changed from Carmignac Portfolio Green Gold to Carmignac Portfolio Climate Transition.From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 22/04/2025
Carmignac Portfolio Climate Transition Portfolio overview
Below is an overview of the composition of the portfolio.Geographical Breakdown
Data as of: Mar 31, 2025.| North America | 56.1 % |
| Asia | 24.2 % |
| Europe | 19.3 % |
| Latin America | 0.4 % |
| Africa | 0.2 % |
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Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.Exposure Data
Data as of: Mar 31, 2025.Equity Investment Weight83.8 %
Net Equity Exposure75.9 %
Number of Equity Issuers50
Active Share85.4 %
To Access the weekly view
The strategy in a nutshell
Fund Management Team
Michel Wiskirski
Fund Manager
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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. The portfolios of Carmignac funds may change without previous notice.
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.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Market environment