Carmignac Credit Opportunities : Characteristics & Risks
You may find in this section information on characteristics, costs, and risks of the Fund. If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.
Investment Universe and Objective
The Fund aims to achieve capital growth by capturing opportunities on global credit markets over a minimum investment period of 3 years. It deploys an active and unconstrained management strategy, consisting of a relative-value based approach and a fundamentally driven discretionary selection of corporate debt and securitization instruments with an objective to build a desirable allocation in terms of geographical areas, sectors and asset classes. The sub-fund has no reference indicator.Characteristics
General Characteristics
- Management Company
- Carmignac Gestion Luxembourg S.A
- Legal Form
- Irish Collective Asset-management Vehicle (ICAV)
- ISIN
- IE00084T1EH2
- Bloomberg
- CACRUSI ID
Detailed Characteristics
- SFDR - Fund Classification
- Article 6
- Risk Indicator
1
2
3
4
5
6
7
Lowest risk Highest risk
- Recommended minimum investment horizon
- 3 years
- Management
- Alternative strategies
- Reference Indicator
- -
- Morningstar Category
Morningstar Category - -
Net Asset Value & Assets Under Management
- Date of 1st NAV
- 16/12/2022
- Base Currency
- USD
- Share class AUM
- 1 M$ (29/11/24)
- Fund AUM
- 116 M€ / 122 M$
- Dividend Policy
- Accumulation
- Capital Guarantee
- No
- NAV Frequency
- Monthly
- Order Placement Cut-Off Time
- Before 13:00 CET
Fees
One-off costs upon entry or exit
- Entry costs
- We do not charge an entry fee.
- Exit costs
- We do not charge an exit fee for this product.
Ongoing costs taken each year
- Management fees and other administrative or operating costs
- 1,86% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Transaction Cost
- 1,74% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
Incidental costs taken under specific conditions
- Performance fees
- 20,00% max. of the outperformance once performance since the start of the year exceeds that of the reference indicator and if no past underperformance still needs to be offset. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
Risks
Main Risks of the Fund
Credit- Credit risk is the risk that the issuer may default.
Interest Rate- Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
Liquidity- Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
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.
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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.