Carmignac Absolute Return Europe

Share Class

FR0010149179

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 02/01/2003 To 19/12/2024

+ 133.5 %

+ 36.4 %

+ 14.8 %

- 2.8 %

+ 3.9 %

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

+ 2.5 %

- 8.0 %

+ 8.9 %

+ 14.6 %

+ 4.4 %

- 1.3 %

+ 5.2 %

+ 12.6 %

- 6.4 %

0.0 %

Net Asset Value

421.91 €

Asset Under Management

192 M €

Market

European market

SFDR - Fund Classification

Article 8

Data as of: Dec 19, 2024.

Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

Alternative strategiesCarmignac Absolute Return Europe

Carmignac Absolute Return Europe ESG Breakdown

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

Carmignac Absolute Return Europe 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 :

ESG analysis applied to at least 90% of the equity holding in the Long portfolio;
The Long Equity investment universe is actively reduced;
30% of carbon emissions lower than the aforementioned composite benchmark as measured by carbon intensity.

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: Nov 29, 2024.

Assets Aligned with SDGs: 86.2 %

SDG Operational Alignement : SDG Operational Alignement: 37.6 %

SDG 3 : Good Health and Well Being: 21.1 %

SDG 9 : Industry, Innovation and Infrastructure: 15.9 %

SDG 2 : Zero Hunger: 7.9 %

SDG 7 : Affordable and Clean Energy: 3.4 %

SDG 11 : Sustainable Cities and Communities: 0.4 %

Not in line with the United Nations Sustainable Development Goals (SDGs): 13.8 %

Total

86.2 %

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: Nov 29, 2024.

Company

KION GROUP AG

MNCHENER RCKVERSICHERUNGSGESELLSCHAFT AG

GEA GROUP AG

ASR NEDERLAND NV

SITEONE LANDSCAPE SUPPLY INC

ESG Rating

AAA

AA

Source: MSCI ESG

Top 5 Active Weights and ESG Scores

Data as of: Nov 29, 2024.

Company

ADYEN NV

SANOFI

CARREFOUR SA

DANONE SA

QIAGEN NV

ESG Rating

A

AA

AAA

Source: MSCI ESG

Carmignac Absolute Return Europe 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: Nov 29, 2024.

Leader

Average

Laggard

Fund (Equity)

Fund (Equity + Corporate Bonds)

Reference Indicator

Source: MSCI ESG Score. ESG Leaders represent companies rated AAA and AA by MSCI. ESG Average represent companies rated A, BBB, and BB by MSCI. ESG Laggards represent companies rated B and CCC by MSCI.

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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.

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

The Fund is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law.