Share Class
LU0992629237
A thematic equity Fund acting for climate change mitigation
- Investing with a purpose : aiming to generate attractive returns on the long-term while having a positive environmental contribution.
- Investing efficiently : targeting innovative companies across the whole renewable and green industry value chains.
Key documents
Asset Allocation
Equities91.7 %
Other8.3 %
Data as of: 21 Jun 2024.
Risk Indicator
5/7
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 26.2 %
+ 13.9 %
+ 17.0 %
- 0.1 %
+ 5.3 %
To 28/06/2024
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
+ 7.8 %
- 15.6 %
+ 22.5 %
+ 6.0 %
- 17.3 %
+ 15.5 %
+ 5.1 %
+ 11.1 %
- 14.5 %
+ 2.5 %
Net Asset Value
126.2 €
Asset Under Management
207 M €
Market
Thematic Fund
SFDR - Fund Classification
Article
8
Data as of: 21 Jun 2024.
Data as of: 28 Jun 2024.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). 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: 31 May 2024.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
- Our Fund’s performance over May was positive in both absolute and relative terms.
- Nextera was the month’s top contributor although its green energy peers had an adverse effect.
- Samsung weighed heaviest but LG Chem also proved costly after demand for electric vehicles softened.
- We benefitted from our overweighting and careful selection of industrial and utilities stocks.
- The month’s top contributor was Nextera, a green energy supplier.
- Another good source was Taiwan Semiconductors (TSMC), one of our biggest positions, which is part of the green technology sub-theme. This came amid strong demand for microchips.
Outlook strategy
- We made no changes to our portfolio in May:
- Our strong conviction about semiconductors remains intact and we think that our diversification through sub-themes will make it easier to navigate the market.
Performance Overview
Data as of: 28 Jun 2024.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.
Source: Carmignac at 01/07/2024
Carmignac Portfolio Climate Transition Portfolio overview
Below is an overview of the composition of the portfolio.Geographical Breakdown
Data as of: 21 Jun 2024.| North America | 43.4 % |
| Asia | 29.6 % |
| Europe | 24.3 % |
| Asia-Pacific | 1.6 % |
| Latin America | 1.0 % |
| Africa | 0.1 % |
| Eastern Europe | - |
| Total % Equities | 100.0 % |
North America43.4 %
 USA | 41.0 % |
 Canada | 2.4 % |
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: 21 Jun 2024.Equity Investment Weight91.7 %
Net Equity Exposure84.4 %
Number of Equity Issuers56
Active Share91.0 %
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.Fund Management Team
Michel Wiskirski
Fund Manager
Through Carmignac Portfolio Climate Transition, we are adopting a differentiated approach to climate change that reflects our sustainable philosophy. This position is in line with our first theme of ESG engagement: Climate.
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 reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Market environment