Alternative strategies
Carmignac Portfolio Absolute Return Europe
Share Class
LU2923680206
Risk Indicator
2 / 7
Recommended Minimum Investment Horizon
3 years
Net Asset Value
100.12 €
Asset Under Management
100 M €
Market
European market
SFDR - Fund Classification
Article 8
Carmignac Portfolio Absolute Return Europe : 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
A European long/short equity fund, combining both a top-down and a bottom-up approach, with an actively managed net equity exposure ranging between -20% and 50%. The Fund deploys a style-agnostic and unconstrained approach within the Pan-European investment universe with an objective to deliver positive absolute returns over 3 years, through a diversified and low volatility portfolio.Characteristics
General Characteristics
- Management Company
- Carmignac Gestion Luxembourg S.A
- Legal Form
- Luxembourg SICAV sub-fund
- ISIN
- LU2923680206
- Bloomberg
- CARPRAE LX
Detailed Characteristics
- SFDR - Fund Classification
- Article 8
- Risk Indicator
1
2
3
4
5
6
7
Lowest risk Highest risk
- Recommended minimum investment horizon
- 3 years
- Management
- Alternative strategies
- Reference Indicator
- N.A.
- Morningstar Category
Morningstar Category - Long/Short Equity - Europe
Net Asset Value & Assets Under Management
- Date of 1st NAV
- 29/11/2024
- Base Currency
- EUR
- Share class AUM
- 20 023.14€ (19/12/24)
- Fund AUM
- 100 M€ / 104 M$
- Dividend Policy
- Accumulation
- Capital Guarantee
- No
- NAV Frequency
- Daily, except on French public holidays for FCP/SICAV; UK bank holidays for OEIC; Stock market holidays in the US, China and Hong Kong for China New Economy Funds.
Subscribe to NAVs
- Order Placement Cut-Off Time
- Before 15:00 CET
Fees
One-off costs upon entry or exit
- Entry costs
- 4,00% of the amount you pay in when entering this investment. This is the most you will be charged. Carmignac Gestion doesn't charge any entry fee. The person selling you the product will inform you of the actual charge.
- 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
- 2,00% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Transaction Cost
- 0,98% 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% when the share class overperforms the Reference indicator during the performance period. It will be payable also in case the share class has overperformed the reference indicator but had a negative performance. Underperformance is clawed back for 5 years. 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
Risk associated with the Long/Short Strategy
- This risk is linked to long and/or short positions designed to adjust net market exposure. The Fund may suffer high losses if its long and short positions undergo simultaneous unfavourable development in opposite directions.
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.
Interest Rate- Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
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.
- 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.
Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.