Carmignac Portfolio Patrimoine Europe

Sustainability and performance can go hand in hand

Carmignac Portfolio Patrimoine Europe has delivered strong returns since its launch in 2017.

+22.9%

Cumulated performance of the Fund vs +11.2% for its reference indicator¹ over the period.

Top 2%

performer among its peer group². Beats 98% of its peers over the period.

(1) 40% STOXX Europe 600 (Reinvested Net Dividends) + 40% ICE BofA All Maturity All Euro Government + 20% ESTER capitalized. Quarterly Rebalanced. Until 31/12/2021, the reference indicator was 50% STOXX Europe 600, 50% BofA Merrill Lynch All Maturity All Euro Government Index. The performances are presented using the chaining method (2) Peer group refers to Morningstar category EUR Moderate Allocation. The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager. The performance refers to share class A eur acc. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged. The Fund presents the risk of capital loss. Source: Carmignac, Morningstar 31/12/2022. The Fund was launched on 29/12/2017.

See the fund’s performance and key information.
Access detailed figures, documents and reports.

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For whom?

For long-term investors looking for a turnkey solution with a strong socially responsible investment approach.

Investors looking for opportunities in Europe’s growth themes.
Investors wishing to entrust the management of their savings to experts.
Investors looking for solutions accessible to everyone with daily liquidity.

Why?

A balanced Fund that has already demonstrated its capacity to deliver attractive returns while mitigating downside risk during market crises.

A Fund benefitting from Carmignac’s 30 years of experience in managing balanced investment solutions.
A Fund that aims to positively contribute to society and to achieve carbon emission 30% lower than its reference indicator*.

40% STOXX Europe 600 (Reinvested Net Dividends) + 40% ICE BofA All Maturity All Euro Government + 20% ESTER capitalized. Quarterly Rebalanced.

How?

Combining careful search for quality companies across Europe, with a dynamic and highly responsive approach to adapt to market movements.

By allowing its fund managers to seize opportunities based on their strong convictions, thanks to our independent approach.
By applying thorough risk management at the heart of the investment process.

Europe offers attractive long-term trends

A few examples of the promising investment themes in Europe that we hold in the portfolio.

Digitalisation

Europe is home to a multitude of innovative companies. Software, digital infrastructure and fintech, for example, are sectors that offer plenty of quality companies with long-term growth prospects.

Climate and Sustainability

The next mega-trend for the next few decades. The EU has put in place the largest stimulus package ever for a greener and more resilient Europe, allowing the old continent an even stronger position in sustainable development.

Healthcare Innovation

Biotech is a very strong sector in Europe that accelerated with the epidemic, putting a spotlight on the importance of innovation within the healthcare sector.

Learn more about our portfolio

Source: Carmignac 31/12/2022

Carmignac Portfolio Patrimoine Europe

An all-weather Fund, unearthing performance drivers and quickly adapting to challenging market movements.

A successful approach in different market conditions

Able to look for performance drivers to provide attractive long-term returns.

Freedom to invest across sectors and countries in Europe in both equity and bonds.

Strong risk management to adapt to challenging financial markets over time.

Performance since launch

Performance since launch

(1) Share class A eur acc; launch date: 29/12/2017 (2) 40% STOXX Europe 600 (Reinvested Net Dividends) + 40% ICE BofA All Maturity All Euro Government + 20% ESTER capitalized. Quarterly Rebalanced. Until 31/12/2021, the reference indicator was 50% STOXX Europe 600, 50% BofA Merrill Lynch All Maturity All Euro Government Index. The performances are presented using the chaining method. (3) Peer group refers to Morningstar category EUR Moderate Allocation. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged. Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of capital loss.

Performance

Fund

2018

2019

2020

2021

2022

2023(YTD)

Since launch (annualised)

Carmignac Portfolio Patrimoine Europe¹

-4.77 %

+18.67 %

+13.86 %

+9.47 %

-12.73 %

+1.27 %

+3.93 %

Reference Indicator²

-4.83 %

+16.38 %

+2.35 %

+10.25 %

-11.02 %

+5.43 %

+2.84 %

See full detail on performance

Entry costs :

4,00% of the amount you pay in when entering this investment. This is the most you will be charged. 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.

Management fees and other administrative or operating costs :

1,83% of the value of your investment per year. This estimate is based on actual costs over the past year.

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.

Transaction Cost :

0,58% 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.

A sustainable approach fully embedded in our investments

ESG integration

Environmental, social and governance criteria fully integrated into every investment decision across companies and countries.

Selectivity

A broad exclusion list of harmful sectors & companies to remove at a minimum the worst 20% within the investment universe.

Engagement

Active use of our shareholder rights to influence companies in their ESG journey and help instil best practices.

Towards sustainability label
Obtained February 2021
towardssustainability.be

ISR label
Obtained May 2021
lelabelisr.fr

See more on responsible investment at Carmignac

Europe
- 5-star Morningstar
  December 2022
- Refinitiv Lipper Fund Award 2022 - Best Fund - Mixed Asset EUR Bal – Europe (3 years)
France
- Le Revenu: Trophée d’Or 2022 - Best diversified Fund over 3 years
- Refinitiv Lipper Fund Award 2022 - Best Fund - Mixed Asset EUR Bal – France (3 years)
- L'Agefi Grands Prix 2022 - 1st place in the category "Diversified Europe - overweight rates"
Italy
- Premio Alto Rendimento 2021 - Best Balanced Fund
- Citywire 2021, Keith Ney and Mark Denham - Best Fund Manager, Mixed Asset – Flexible EUR
- Premio Alto Rendimento 2020 – Best Balanced Fund
Germany
- Refinitiv Lipper Fund Award 2022 - Best Fund - Mixed Asset EUR Bal – Germany (3 years)

Would you like to invest?

We can support you in accessing the Fund directly or through intermediaries.

How to invest

FAQ

Carmignac Portfolio Patrimoine Europe can be included in any securities account, but does not qualify for inclusion in a PEA. It can be a part of a wide variety of life insurance contracts; please check with your financial services provider to determine if this applies to yours.
Taxation is strictly aligned with the taxes applicable to financial securities. It depends on a variety of factors specific to each investor. The two main ones are whether you include the fund in a securities account or a life insurance contract, and what your personal tax rate is. As Carmignac Portfolio Patrimoine Europe does not distribute income, only capital gains may be taxed, and under the following circumstances:
– sale of all or part of the investment if it is held in a securities account; or
– withdrawal of all or part of the investment if it is held in a life insurance contract. Investors shall refer to their tax advisor about the tax applicable to their particular case. This information does not constitute any tax advice.
Investors shall refer to their tax advisor about the tax applicable to their particular case. This information does not constitute any tax advice.
Yes. Your investment in the Fund can be passed on to your successors or any other person of your choosing, in the event of death or in the event of a donation. In the latter case, you are advised to contact a notary public in order to make a proper gift inter vivos.
Yes. As Carmignac Portfolio Patrimoine Europe provides daily liquidity, you can purchase or buy back shares in the Fund on any trading day.
Carmignac Portfolio Patrimoine Europe is a sustainable fund classified as Article 8* under the EU’s SFDR (Sustainable Finance Disclosure Regulation) because it incorporates and promotes environmental, social and governance concerns. Apart from the sectors excluded throughout Carmignac (e.g., investments in the tobacco industry, controversial weapons manufacturers, and coal producers), the Fund takes a selective approach that has narrowed its investment universe by 20% on the basis of environmental and social criteria. Active engagement with our investees and consistent voting at shareholders’ meetings enhance the Fund’s positive contribution to the environment and society. In 2021 the Fund obtained the SRI label in France and the Belgian label "Towards Sustainability".
*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
Published daily, the Fund’s net asset value already includes management fees. These are set at 1.50% a year and, in the event of positive returns, at 10% of any outperformance relative to the Fund’s reference indicator. The ongoing charges are 1.79%. Please refer to KIID for more information. Your financial services provider (e.g., your bank, insurance company or financial advisor) may also deduct:
- life insurance fees or custody fees;
- entrance fees capped at 4%.
The minimum initial investment is one share, or roughly €740 as of 31/12/2021. Private banking solutions are available to Carmignac clients for amounts of €150,000 or above.

Risk and Return Profile

Lower risk Higher risk

1 2 3 4 5 6 7

Recommended minimum investment horizon

years

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Main risks of the Fund

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.

CREDIT: Credit risk is the risk that the issuer may default.

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.

* Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time.

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