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AR
# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Commodities #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 351,684,609.30 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 306,138,571.82 | | Cost price | | 313,277,809.90 | | Unrealised loss on the securit...
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[ "# CARMIGNAC PORTFOLIO", "## Commodities", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 351,684,609.30 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 306,138,571.82 |", "| Cost price | | 313,2...
[ "# CARMIGNAC PORTFOLIO", "## Commodities", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 351,684,609.30 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 306,138,571.82 |", "| Cost price | | 313,2...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Investissement #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 235,013,059.69 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 219,331,714.24 | | Cost price | | 201,661,230.00 | | Unrealised profit on the se...
105,102
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[ "# CARMIGNAC PORTFOLIO", "## Investissement", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 235,013,059.69 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 219,331,714.24 |", "| Cost price | | 20...
[ "# CARMIGNAC PORTFOLIO", "## Investissement", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 235,013,059.69 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 219,331,714.24 |", "| Cost price | | 20...
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AR
# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Emerging Markets Debt #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 24,340,843.19 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 21,758,738.14 | | Cost price | | 21,258,700.13 | | Unrealise...
105,103
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Emerging Markets Debt", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 24,340,843.19 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 21,758,738.14 |", "|...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Emerging Markets Debt", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 24,340,843.19 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 21,758,738.14 |", "|...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Patrimoine Europe #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 103,357,232.50 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 97,564,653.62 | | Cost price | | 94,452,026.71 | | Unrealised profit on the s...
105,104
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[ "# CARMIGNAC PORTFOLIO", "## Patrimoine Europe", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 103,357,232.50 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 97,564,653.62 |", "| Cost price | | ...
[ "# CARMIGNAC PORTFOLIO", "## Patrimoine Europe", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 103,357,232.50 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 97,564,653.62 |", "| Cost price | | ...
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AR
Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse. Die Wertentwicklungen verstehen sich nach Abzug von Gebühren (mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren). Der Carmignac Portfolio Unconstrained Global Bond (Aktienklasse A EU...
2019-12-31
ENDE
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). In 2019, Carmignac Portfolio Unconstrained Global Bond posted a return of +8.36% (A EUR Acc shareclass – ISIN LU0336083497), outperforming its reference indic...
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[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "In 2019, Carmignac Portfolio Unconstrained Global Bond posted a return of +8.36% (A EUR Acc shareclass – ISIN LU0336083497), outperforming its ...
[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "In 2019, Carmignac Portfolio Unconstrained Global Bond posted a return of +8.36% (A EUR Acc shareclass – ISIN LU0336083497), outperforming its ...
Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse . Die Wertentwicklungen verstehen sich nach Abzug von Gebühren ( mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren ) . Der Carmignac Portfolio Unconstrained Global Bond ( Aktienklasse...
AR
Das wirtschaftliche Umfeld war in diesem Jahr weiterhin durch einen globalen Abschwung gekennzeichnet, der insbesondere durch den Fertigungssektor verursacht wurde. Die Furcht vor einer Rezession in den USA veranlasste die US-Notenbank jedoch dazu, die Straffung ihrer Geldpolitik zurückzunehmen, was den Aktien- und Anl...
2019-12-31
ENDE
The economic environment this year continued to be characterized by a global slowdown, notably driven by the manufacturing sector. However, fears of a recession in the US drove the Federal Reserve to backtrack on monetary tightening, fueling equity and bond markets’ rise. This dynamic was emphasized throughout the peri...
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[ "The economic environment this year continued to be characterized by a global slowdown, notably driven by the manufacturing sector.", "However, fears of a recession in the US drove the Federal Reserve to backtrack on monetary tightening, fueling equity and bond markets’ rise.", "This dynamic was emphasized thro...
[ "The economic environment this year continued to be characterized by a global slowdown, notably driven by the manufacturing sector.", "However, fears of a recession in the US drove the Federal Reserve to backtrack on monetary tightening, fueling equity and bond markets’ rise.", "This dynamic was emphasized thro...
Das wirtschaftliche Umfeld war in diesem Jahr weiterhin durch einen globalen Abschwung gekennzeichnet , der insbesondere durch den Fertigungssektor verursacht wurde . Die Furcht vor einer Rezession in den USA veranlasste die US - Notenbank jedoch dazu , die Straffung ihrer Geldpolitik zurückzunehmen , was den Aktien - ...
AR
###### Erläuterung 3 – Verwaltungsgebühr und Performancegebühr Als Honorar für ihre Dienstleistungen erhält Carmignac Gestion Luxembourg S.A. (CGL) eine jährliche Verwaltungsgebühr, die monatlich zu zahlen ist und an jedem Bewertungstag auf der Grundlage des durchschnittlichen Nettovermögens der Teilfonds berechnet wir...
2019-12-31
ENDE
###### Note 3 - Management fees and performance fees As remuneration for its services, Carmignac Gestion Luxembourg S.A. (CGL) receives an annual management fee, payable monthly, calculated and accrued at each valuation day on the basis of the average net assets of the sub-funds. This management fee can be increased by...
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[ "###### Note 3 - Management fees and performance fees", "As remuneration for its services, Carmignac Gestion Luxembourg S.A. (CGL) receives an annual management fee, payable monthly, calculated and accrued at each valuation day on the basis of the average net assets of the sub-funds.", "This management fee can ...
[ "###### Note 3 - Management fees and performance fees", "As remuneration for its services, Carmignac Gestion Luxembourg S.A. (CGL) receives an annual management fee, payable monthly, calculated and accrued at each valuation day on the basis of the average net assets of the sub-funds.", "This management fee can ...
###### Erläuterung 3 – Verwaltungsgebühr und Performancegebühr Als Honorar für ihre Dienstleistungen erhält Carmignac Gestion Luxembourg S.A. ( CGL ) eine jährliche Verwaltungsgebühr , die monatlich zu zahlen ist und an jedem Bewertungstag auf der Grundlage des durchschnittlichen Nettovermögens der Teilfonds berechnet ...
AR
# Anlagepolitik | 1 | 2 | 3 | 4 | 5 | 6* | 7 | | --- | --- | --- | --- | --- | --- | --- | Empfohlene Mindestanlagedauer: Der Fonds beendete das Jahr 2020 mit einer positiven Performance von +5,18% (Anteil A EUR Acc – ISIN: FR0010149179), während sein Referenzindikator (75% (EONIA (EUR) + 1%) kapitalisiert + 25% Stoxx...
2020-12-31
ENDE
# Investment policy | 1 | 2 | 3 | 4 | 5 | 6* | 7 | | --- | --- | --- | --- | --- | --- | --- | Minimum recommended investment period: In 2020, the fund returned 5.18% (A EUR Acc units – ISIN FR0010149179), compared with 0.75% for its reference indicator (75% capitalised EONIA (EUR) + 1%) + 25% Stoxx Europe 600 NR (EUR...
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[ "# Investment policy", "| 1 | 2 | 3 | 4 | 5 | 6* | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "In 2020, the fund returned 5.18% (A EUR Acc units – ISIN FR0010149179), compared with 0.75% for its reference indicator (75% capitalised EONIA (EUR) + 1%) + 25% ...
[ "# Investment policy", "| 1 | 2 | 3 | 4 | 5 | 6* | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "In 2020, the fund returned 5.18% (A EUR Acc units – ISIN FR0010149179), compared with 0.75% for its reference indicator (75% capitalised EONIA (EUR) + 1%) + 25% ...
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# Rechnungslegungsgrundsätze und Bewertungsmethoden #### Der Jahresabschluss wird in der von der Verordnung ANC Nr. 2014-01 in ihrer geltenden Fassung vorgeschriebenen Form vorgelegt. #### Die folgenden allgemeinen Rechnungslegungsgrundsätze finden Anwendung: - den tatsächlichen Verhältnissen entsprechende Darstellung...
2020-12-31
ENDE
# Accounting methods and rules #### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended. The general principles of accounting apply: - a true and fair view, comparability, going concern, - lawfulness and fairness, - prudence, - consistent practice from one financial y...
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[ "# Accounting methods and rules", "#### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended.", "The general principles of accounting apply:", "- a true and fair view, comparability, going concern,", "- lawfulness and fairness,", "- prudence,", "- consi...
[ "# Accounting methods and rules", "#### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended.", "The general principles of accounting apply:", "- a true and fair view, comparability, going concern,", "- lawfulness and fairness,", "- prudence,", "- consi...
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- #### Exposure Basiswerte, das durch Derivate erzielt wurde: 620.544.387,63 - Devisentermingeschäfte: 185.082.310,27 - Future: 150.954.797,38 - Optionen: 44.321.932,75 - Swap: 240.185.347,23
2020-12-31
ENDE
- #### Exposure to underlying instruments achieved through financial derivatives: 620,544,387.63 - Forward exchange contracts: 185,082,310.27 - Futures: 150,954,797.38 - Options: 44,321,932.75 - Swaps: 240,185,347.23
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[ "#### Exposure to underlying instruments achieved through financial derivatives: 620,544,387.63", "- Forward exchange contracts: 185,082,310.27", "- Futures: 150,954,797.38", "- Options: 44,321,932.75", "- Swaps: 240,185,347.23" ]
[ "#### Exposure to underlying instruments achieved through financial derivatives: 620,544,387.63", "- Forward exchange contracts: 185,082,310.27", "- Futures: 150,954,797.38", "- Options: 44,321,932.75", "- Swaps: 240,185,347.23" ]
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AR
# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Green Gold (formerly Commodities) ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 373,640,251.30 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 315,963,902.65 | | Cost price | | 251,847,533.83 | | Unreali...
105,111
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[ "# CARMIGNAC PORTFOLIO", "## Green Gold (formerly Commodities)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 373,640,251.30 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 315,963,902.65 |", "...
[ "# CARMIGNAC PORTFOLIO", "## Green Gold (formerly Commodities)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 373,640,251.30 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 315,963,902.65 |", "...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Global Bond ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 874,116,160.20 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 801,386,984.55 | | Cost price | | 836,244,651.21 | | Unrealised loss...
105,112
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Global Bond", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 874,116,160.20 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 801,386,984.55 |", "| Cost p...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Global Bond", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 874,116,160.20 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 801,386,984.55 |", "| Cost p...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Euro Fixed Income ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 1,172,931,313.04 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 1,071,830,429.65 | | Cost price | | 1,047,401,356.75 | | Unr...
105,113
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Euro Fixed Income", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 1,172,931,313.04 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,071,830,429.65 |", ...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Euro Fixed Income", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 1,172,931,313.04 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,071,830,429.65 |", ...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Emerging Patrimoine ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 557,578,579.52 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 507,403,827.22 | | Cost price | | 442,276,169.61 | | Unrealised profit on ...
105,114
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[ "# CARMIGNAC PORTFOLIO", "## Emerging Patrimoine", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 557,578,579.52 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 507,403,827.22 |", "| Cost price |...
[ "# CARMIGNAC PORTFOLIO", "## Emerging Patrimoine", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 557,578,579.52 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 507,403,827.22 |", "| Cost price |...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Emergents ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 304,099,348.51 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 273,079,789.43 | | Cost price | | 211,404,779.29 | | Unrealised profit on the securi...
105,115
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[ "# CARMIGNAC PORTFOLIO", "## Emergents", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 304,099,348.51 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 273,079,789.43 |", "| Cost price | | 211,40...
[ "# CARMIGNAC PORTFOLIO", "## Emergents", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 304,099,348.51 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 273,079,789.43 |", "| Cost price | | 211,40...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Investissement ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 278,087,893.65 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 259,958,674.08 | | Cost price | | 202,059,068.15 | | Unrealised profit on the s...
105,116
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[ "# CARMIGNAC PORTFOLIO", "## Investissement", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 278,087,893.65 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 259,958,674.08 |", "| Cost price | | 2...
[ "# CARMIGNAC PORTFOLIO", "## Investissement", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 278,087,893.65 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 259,958,674.08 |", "| Cost price | | 2...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Patrimoine ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 1,677,420,999.29 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 1,514,937,913.82 | | Cost price | | 1,343,176,202.75 | | Unrealised profit on the...
105,117
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[ "# CARMIGNAC PORTFOLIO", "## Patrimoine", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 1,677,420,999.29 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,514,937,913.82 |", "| Cost price | | 1...
[ "# CARMIGNAC PORTFOLIO", "## Patrimoine", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 1,677,420,999.29 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,514,937,913.82 |", "| Cost price | | 1...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Sécurité ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 2,247,190,740.96 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 2,106,188,398.38 | | Cost price | | 2,070,763,719.52 | | Unrealised profit on the s...
105,118
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[ "# CARMIGNAC PORTFOLIO", "## Sécurité", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 2,247,190,740.96 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 2,106,188,398.38 |", "| Cost price | | 2,0...
[ "# CARMIGNAC PORTFOLIO", "## Sécurité", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 2,247,190,740.96 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 2,106,188,398.38 |", "| Cost price | | 2,0...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Credit ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 697,152,933.68 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 634,772,850.26 | | Cost price | | 614,595,558.34 | | Unrealised profit on...
105,119
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Credit", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 697,152,933.68 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 634,772,850.26 |", "| Cost price ...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Credit", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 697,152,933.68 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 634,772,850.26 |", "| Cost price ...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt) ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 25,822,292.99 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 23,151,691.47 | | Cost pric...
105,120
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained EM Debt (formerly Unconstrained", "Emerging Markets Debt)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 25,822,292.99 |", "| --- | --- | --- |", "| Securities portfolio at market ...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained EM Debt (formerly Unconstrained", "Emerging Markets Debt)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 25,822,292.99 |", "| --- | --- | --- |", "| Securities portfolio at market ...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Patrimoine Europe ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 345,461,638.80 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 314,709,403.07 | | Cost price | | 291,913,532.17 | | Unrealised profit on th...
105,121
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[ "# CARMIGNAC PORTFOLIO", "## Patrimoine Europe", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 345,461,638.80 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 314,709,403.07 |", "| Cost price | ...
[ "# CARMIGNAC PORTFOLIO", "## Patrimoine Europe", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 345,461,638.80 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 314,709,403.07 |", "| Cost price | ...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Family Governed ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 24,781,827.06 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 23,818,048.81 | | Cost price | | 19,495,330.82 | | Unrealised profit on the sec...
105,122
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[ "# CARMIGNAC PORTFOLIO", "## Family Governed", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 24,781,827.06 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 23,818,048.81 |", "| Cost price | | 19...
[ "# CARMIGNAC PORTFOLIO", "## Family Governed", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 24,781,827.06 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 23,818,048.81 |", "| Cost price | | 19...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Grandchildren ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 67,440,406.41 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 64,652,029.56 | | Cost price | | 53,692,933.98 | | Unrealised profit on the secur...
105,123
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[ "# CARMIGNAC PORTFOLIO", "## Grandchildren", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 67,440,406.41 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 64,652,029.56 |", "| Cost price | | 53,6...
[ "# CARMIGNAC PORTFOLIO", "## Grandchildren", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 67,440,406.41 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 64,652,029.56 |", "| Cost price | | 53,6...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Alpha Themes (launched on 03/04/20) ##### Financial Statements as at 31/12/20 Statement of net assets as at 31/12/20 Expressed in EUR | Assets | | 55,222,839.52 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 48,533,160.95 | | Cost price | | 43,445,770.28 | | Unrealis...
105,124
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[ "# CARMIGNAC PORTFOLIO", "## Alpha Themes (launched on 03/04/20)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 55,222,839.52 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 48,533,160.95 |", "...
[ "# CARMIGNAC PORTFOLIO", "## Alpha Themes (launched on 03/04/20)", "##### Financial Statements as at 31/12/20", "Statement of net assets as at 31/12/20", "Expressed in EUR", "| Assets | | 55,222,839.52 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 48,533,160.95 |", "...
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# CARMIGNAC PORTFOLIO ## Konsolidierter ### Abschluss zum 31.12.2020 Aufstellung des Nettovermögens zum 31.12.2020 Ausgedrückt in EUR | Aktiva | | 10.231.162.360,04 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 | | Anschaffungskosten | | 8.636.594.369,04 | | Nicht ...
2020-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Notes to the financial statements - Schedule of derivative instruments As at 31/12/20, the following option contracts were outstanding : CARMIGNAC PORTFOLIO Unconstrained Global Bond | | Commitment | Market value | Unrealised | | --- | --- | --- | --- | | Quantity Denomination Currency | (in a...
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[ "# CARMIGNAC PORTFOLIO", "## Notes to the financial statements - Schedule of derivative", "instruments", "As at 31/12/20, the following option contracts were outstanding :", "CARMIGNAC PORTFOLIO Unconstrained Global Bond", "| | Commitment | Market value | Unrealised |", "| --- | --- | --- | --- |", "...
[ "# CARMIGNAC PORTFOLIO", "## Notes to the financial statements - Schedule of derivative", "instruments", "As at 31/12/20, the following option contracts were outstanding :", "CARMIGNAC PORTFOLIO Unconstrained Global Bond", "| | Commitment | Market value | Unrealised |", "| --- | --- | --- | --- |", "...
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Diese Umstellungen haben sich ausgezahlt. Der Fonds entwickelte sich nicht nur während des COVID-19-Ausbruchs im ersten Quartal 2020 solide, sondern gewann auch in der zweiten Jahreshälfte deutlich hinzu. Vom effektiven Umstellungszeitpunkt – dem 14. Mai 2020 – bis zum Jahresende legte der Fonds um 40,3% zu, gegenüber ...
2020-12-31
ENDE
These shifts have paid off. Not only did the Fund show resilience during the Covid-19 outbreak in the first quarter of 2020, but it also rebounded sharply in the second half of the year. From the effective changeover date – 14 May 2020 – to the end of the year, the Fund gained 40.3%, versus a +20% for its reference ind...
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[ "These shifts have paid off.", "Not only did the Fund show resilience during the Covid-19 outbreak in the first quarter of 2020, but it also rebounded sharply in the second half of the year.", "From the effective changeover date – 14 May 2020 – to the end of the year, the Fund gained 40.3%, versus a +20% for it...
[ "These shifts have paid off.", "Not only did the Fund show resilience during the Covid-19 outbreak in the first quarter of 2020, but it also rebounded sharply in the second half of the year.", "From the effective changeover date – 14 May 2020 – to the end of the year, the Fund gained 40.3%, versus a +20% for it...
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Hauptrisiken des Carmignac Portfolio Unconstrained Global Bond Kreditrisiko: Das Kreditrisiko besteht in der Gefahr, dass der Emittent seinen Verpflichtungen nicht nachkommt. Zinsrisiko: Das Zinsrisiko führt bei einer Veränderung der Zinssätze zu einem Rückgang des Nettoinventarwerts. Währungsrisiko: Das Währungsrisiko...
2020-12-31
ENDE
Main Risks of Carmignac Portfolio Unconstrained Global Bond 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. Currency: Currency risk is linked to exposure to a currency other than the Fun...
105,127
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[ "Main Risks of Carmignac Portfolio Unconstrained Global Bond", "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.", "Currency: Currency risk is linked to exposure to a currenc...
[ "Main Risks of Carmignac Portfolio Unconstrained Global Bond", "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.", "Currency: Currency risk is linked to exposure to a currenc...
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AKTIEN – 2020 war das Jahr, in dem die beginnende industrielle Revolution an Fahrt aufnahm und die Einführung digitaler Dienste nicht nur spektakulär war, sondern auch unumkehrbar wurde. Der Fonds investiert seit Jahren in die führenden Nutznießer der digitalen Revolution auf allen Kontinenten und in allen Branchen, vo...
2020-12-31
ENDE
EQUITIES – 2020 was the year in which the unfolding industrial revolution gathered momentum and the adoption of digital services became both spectacular and irreversible. For years now, the Fund has been investing in the digital revolution’s leading beneficiaries on all continents and in all industries, from Mercado Li...
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[ "EQUITIES – 2020 was the year in which the unfolding industrial revolution gathered momentum and the adoption of digital services became both spectacular and irreversible.", "For years now, the Fund has been investing in the digital revolution’s leading beneficiaries on all continents and in all industries, from ...
[ "EQUITIES – 2020 was the year in which the unfolding industrial revolution gathered momentum and the adoption of digital services became both spectacular and irreversible.", "For years now, the Fund has been investing in the digital revolution’s leading beneficiaries on all continents and in all industries, from ...
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Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse. Sie versteht sich nach Abzug von Gebühren (mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren). SRI-Ziel Der Carmignac Portfolio Emergents investiert mit dem Ziel, durch einen sozial verantwortlichen Investmen...
2020-12-31
ENDE
Past performance is no guarantee of future performance. It is net of charges (excluding any entry fees applied by the distributor). SRI Objective Carmignac Portfolio Emergents invests with a view to generating sustainable and long-term growth through a socially responsible investment approach. The fund has environmenta...
105,129
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[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "SRI Objective", "Carmignac Portfolio Emergents invests with a view to generating sustainable and long-term growth through a socially responsible investment approach.", "...
[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "SRI Objective", "Carmignac Portfolio Emergents invests with a view to generating sustainable and long-term growth through a socially responsible investment approach.", "...
Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse . Sie versteht sich nach Abzug von Gebühren ( mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren ) . SRI - Ziel Der Carmignac Portfolio Emergents investiert mit dem Ziel , durch einen sozial verantwortlichen In...
AR
Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse. Sie versteht sich nach Abzug von Gebühren (mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren). Kommunikation der Qualitätskriterien für Umwelt, Soziales und Unternehmensführung (ESG-Kriterien) Im Rahmen unser...
2020-12-31
ENDE
Past performance is no guarantee of future performance. It is net of charges (excluding any entry fees applied by the distributor). Communication of Environmental, Social and Governance Quality (ESG) criteria As part of Our engagement to the Principles for Responsible Investment (PRI), we consider that our fiduciary du...
105,130
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[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "Communication of Environmental, Social and Governance Quality (ESG) criteria", "As part of Our engagement to the Principles for Responsible Investment (PRI), we consider t...
[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "Communication of Environmental, Social and Governance Quality (ESG) criteria", "As part of Our engagement to the Principles for Responsible Investment (PRI), we consider t...
Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse . Sie versteht sich nach Abzug von Gebühren ( mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren ) . Kommunikation der Qualitätskriterien für Umwelt , Soziales und Unternehmensführung ( ESG - Kriterien ) In dem...
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Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse. Sie versteht sich nach Abzug von Gebühren (mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren). * 50% MSCI AC World NR (USD) (mit Wiederanlage der Nettodividenden), 50% Citigroup WGBI All Maturities (EUR) (mit...
2020-12-31
ENDE
Past performance is no guarantee of future performance. It is net of charges (excluding any entry fees applied by the distributor). *50% MSCI AC World NR (USD) (net dividends reinvested), 50% Citigroup WGBI All Maturities (EUR) (coupons reinvested) Communication of Environmental, Social and Governance Quality (ESG) cri...
105,131
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[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "*50% MSCI AC World NR (USD) (net dividends reinvested), 50% Citigroup WGBI All Maturities (EUR) (coupons reinvested)", "Communication of Environmental, Social and Governan...
[ "Past performance is no guarantee of future performance.", "It is net of charges (excluding any entry fees applied by the distributor).", "*50% MSCI AC World NR (USD) (net dividends reinvested), 50% Citigroup WGBI All Maturities (EUR) (coupons reinvested)", "Communication of Environmental, Social and Governan...
Die Wertentwicklung in der Vergangenheit ist keine Garantie für zukünftige Ergebnisse . Sie versteht sich nach Abzug von Gebühren ( mit Ausnahme etwaiger von der Vertriebsstelle angewendeter Ausgabegebühren ) . * 50% MSCI AC World NR ( USD ) ( mit Wiederanlage der Nettodividenden ) , 50 % Citigroup WGBI All Maturities ...
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Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse. Die Wertentwicklungen verstehen sich nach Abzug von Gebühren (mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren). Kommunikation der Kriterien für Umwelt, Soziales und gute Unternehme...
2020-12-31
ENDE
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). Communication of Environmental, Social and Quality Governance (ESG) criteria As part of Our engagement to the PRI ("Principles for Responsible Investment"), w...
105,132
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[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Communication of Environmental, Social and Quality Governance (ESG) criteria", "As part of Our engagement to the PRI (\"Principles for Respon...
[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Communication of Environmental, Social and Quality Governance (ESG) criteria", "As part of Our engagement to the PRI (\"Principles for Respon...
Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse . Die Wertentwicklungen verstehen sich nach Abzug von Gebühren ( mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren ) . Kommunikation der Kriterien für Umwelt , Soziales und gute Unter...
AR
Hauptrisiken des Carmignac Portfolio Unconstrained Credit: Kreditrisiko: Das Kreditrisiko besteht in der Gefahr, dass der Emittent seinen Verpflichtungen nicht nachkommt. Zinsrisiko: Das Zinsrisiko führt bei einer Veränderung der Zinssätze zu einem Rückgang des Nettoinventarwerts. Währungsrisiko: Das Währungsrisiko ist...
2020-12-31
ENDE
Main Risks of Carmignac Portfolio Unconstrained Credit: 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. Currency: Currency risk is linked to exposure to a currency other than the Fund’s ...
105,133
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[ "Main Risks of Carmignac Portfolio Unconstrained Credit:", "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.", "Currency: Currency risk is linked to exposure to a currency ot...
[ "Main Risks of Carmignac Portfolio Unconstrained Credit:", "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.", "Currency: Currency risk is linked to exposure to a currency ot...
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Diese Risikoerhöhung wurde durch eine schrittweise Umschichtung in unseren Unternehmensanleihefonds (Carmignac Portfolio Unconstrained Credit) sowie in unsere Aktienfonds (Carmignac Portfolio Green Gold/Investissement/Grande Europe/Grandchildren) umgesetzt, wobei zunächst die verfügbaren Barmittel verwendet, dann unser...
2020-12-31
ENDE
This risk increase was implemented through progressive reallocation into our Credit Fund (Carmignac Portfolio Unconstrained Credit) as well as into our equity funds (Carmignac Portfolio Green Gold/Investissement/Grande Europe/GrandChildren) first using the available cash then selling our money-market fund and finally s...
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[ "This risk increase was implemented through progressive reallocation into our Credit Fund (Carmignac Portfolio Unconstrained Credit) as well as into our equity funds (Carmignac Portfolio Green Gold/Investissement/Grande Europe/GrandChildren) first using the available cash then selling our money-market fund and fina...
[ "This risk increase was implemented through progressive reallocation into our Credit Fund (Carmignac Portfolio Unconstrained Credit) as well as into our equity funds (Carmignac Portfolio Green Gold/Investissement/Grande Europe/GrandChildren) first using the available cash then selling our money-market fund and fina...
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Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse. Die Wertentwicklungen verstehen sich nach Abzug von Gebühren (mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren). Quelle: Carmignac, Bloomberg, 31.12.2020 Der Carmignac Portfolio Lon...
2020-12-31
ENDE
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). Source: Carmignac, Bloomberg, 31/12/2020 In 2020, Carmignac Portfolio Long-Short Global Equities (A EUR Acc share class – ISIN LU1910837258) returned +18.05% ...
105,135
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[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Source: Carmignac, Bloomberg, 31/12/2020", "In 2020, Carmignac Portfolio Long-Short Global Equities (A EUR Acc share class – ISIN LU191083725...
[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Source: Carmignac, Bloomberg, 31/12/2020", "In 2020, Carmignac Portfolio Long-Short Global Equities (A EUR Acc share class – ISIN LU191083725...
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Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse. Die Wertentwicklungen verstehen sich nach Abzug von Gebühren (mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren). * 90% ESTER (EUR) kapitalisiert + 10% MSCI ACWI (EUR) (mit Wiederanl...
2020-12-31
ENDE
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). *90% ESTER (EUR) Capitalized + 10% MSCI ACWI (EUR) (Reinvested net dividends). *For the A EUR acc share class. Risk scale from 1 (lowest risk) to 7 (highest r...
105,136
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[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "*90% ESTER (EUR) Capitalized + 10% MSCI ACWI (EUR) (Reinvested net dividends).", "*For the A EUR acc share class.", "Risk scale from 1 (low...
[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "*90% ESTER (EUR) Capitalized + 10% MSCI ACWI (EUR) (Reinvested net dividends).", "*For the A EUR acc share class.", "Risk scale from 1 (low...
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- Tonnen CO - 2 - -Äquivalent pro Million Euro Umsatz (berechnet in % des Vermögens und nicht auf 100% umbasiert) - Gesamttonnen CO - 2 - -Äquivalent (berechnet in % des Vermögens und nicht auf 100% umbasiert) - Ohne Barmittel und Wertpapiere, die nicht betroffen sind: Staatsanleihen und Derivate - Gewichteter Durchsch...
2020-12-31
ENDE
- Tonnes of CO2 equivalent per million euros of revenues (calculated as % assets, and not rebased to 100%) - Total tonnes of CO2 equivalent (calculated as % assets, and not rebased to 100%) - Excluding cash and securities not in scope: government bonds and derivative instruments - Weighted average of the % of fossil fu...
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[ "<XML tool=\"custom\" phenom=\"reordering\" from=0 to=2>- Tonnes of CO2 equivalent per million euros of revenues (calculated as % assets, and not rebased to 100%)</XML>", "<XML tool=\"custom\" phenom=\"reordering\" from=1 to=2>- Total tonnes of CO2 equivalent (calculated as % assets, and not rebased to 100%)</XML...
[ "- Tonnes of CO2 equivalent per million euros of revenues (calculated as % assets, and not rebased to 100%)", "- Total tonnes of CO2 equivalent (calculated as % assets, and not rebased to 100%)", "- Excluding cash and securities not in scope: government bonds and derivative instruments", "- Weighted average o...
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Die vergangene Wertentwicklung ist nicht zwangsläufig ein Hinweis auf zukünftige Ergebnisse. Die Wertentwicklungen verstehen sich nach Abzug von Gebühren (mit Ausnahme der gegebenenfalls von der Vertriebsstelle in Rechnung gestellten Ausgabegebühren). Quelle: Carmignac, 31.12.2020 1 Die 8 Themen sind: Produktionskette...
2020-12-31
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Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). Source: Carmignac, 31/12/2020 1The 8 themes are: Electric Vehicle Chain, Changing Consumer Behaviour, Green Economy, Covid-19 Impact Recovery, Compounders, Di...
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[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Source: Carmignac, 31/12/2020", "<XML tool=\"custom\" phenom=\"reordering\" from=3 to=4>1The 8 themes are: Electric Vehicle Chain, Changing C...
[ "Past performance is not necessarily indicative of future performance.", "Performances are net of fees (excluding possible entrance fees charged by the distributor).", "Source: Carmignac, 31/12/2020", "1The 8 themes are: Electric Vehicle Chain, Changing Consumer Behaviour, Green Economy, Covid-19 Impact Recov...
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Wir erörtern mit den für die Unternehmensführung Verantwortlichen unter anderem den geplanten Umfang und die Zeitplanung der Prüfung sowie bedeutsame Prüfungsfeststellungen, einschließlich etwaiger wesentlicher Mängel im internen Kontrollsystem, die wir während unserer Prüfung feststellen. PricewaterhouseCoopers, Socié...
2020-12-31
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We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. PricewaterhouseCoopers, Société coopérative Represented by Antoine Geo...
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[ "We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.", "PricewaterhouseCoopers, Société coopérative Represented by",...
[ "We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.", "PricewaterhouseCoopers, Société coopérative Represented by",...
Wir erörtern mit den für die Unternehmensführung Verantwortlichen unter anderem den geplanten Umfang und die Zeitplanung der Prüfung sowie bedeutsame Prüfungsfeststellungen , einschließlich etwaiger wesentlicher Mängel in dem internen Kontrollsystem , die wir während unserer Prüfung feststellen . PricewaterhouseCoopers...
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*Die oben angegebenen Positionen entsprechen einem Aktienkorb. ** Diese Positionen sind Dividendenforderungen. Die Kontrahenten sind Société Générale Paris, Goldman Sachs International Paris und BofA Securities Europe SA. Zusammensetzung der Körbe
2020-12-31
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*The positions above correspond to a basket of equities. **These positions are dividends receivable. The counterparties are Société Générale Paris, Goldman Sachs International Paris, BofA Securities Europe SA. Composition of baskets
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[ "*The positions above correspond to a basket of equities.", "**These positions are dividends receivable.", "The counterparties are Société Générale Paris, Goldman Sachs International Paris, BofA Securities Europe SA.", "Composition of baskets" ]
[ "*The positions above correspond to a basket of equities.", "**These positions are dividends receivable.", "The counterparties are Société Générale Paris, Goldman Sachs International Paris, BofA Securities Europe SA.", "Composition of baskets" ]
*Die oben angegebenen Positionen entsprechen einem Aktienkorb . * * Diese Positionen sind Dividendenforderungen . Die Kontrahenten sind Société Générale Paris , Goldman Sachs International Paris und BofA Securities Europe SA . Zusammensetzung der Körbe
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** Der Teilfonds CARMIGNAC PORTFOLIO Unconstrained Emerging Markets Debt wurde am 16. November 2020 in CARMIGNAC PORTFOLIO Unconstrained EM Debt umbenannt. Die beiden folgenden gegenüber dem Währungsrisiko des USD abgesicherten Aktienklassen wurden am 15. Mai 2020 in nicht abgesicherte Aktienklassen umgewandelt: - CARM...
2020-12-31
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**The CARMIGNAC PORTFOLIO Unconstrained Emerging Markets Debt sub-fund was renamed CARMIGNAC PORTFOLIO Unconstrained EM Debt on 16 November 2020. The two following share classes hedged against the USD currency risk were unhedged on 15 May 2020 : - CARMIGNAC PORTFOLIO Commodities Class A USD Hedged Acc became CARMIGNAC ...
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[ "**The CARMIGNAC PORTFOLIO Unconstrained Emerging Markets Debt sub-fund was renamed CARMIGNAC PORTFOLIO Unconstrained EM Debt on 16 November 2020.", "The two following share classes hedged against the USD currency risk were unhedged on 15 May 2020 :", "- CARMIGNAC PORTFOLIO Commodities Class A USD Hedged Acc be...
[ "**The CARMIGNAC PORTFOLIO Unconstrained Emerging Markets Debt sub-fund was renamed CARMIGNAC PORTFOLIO Unconstrained EM Debt on 16 November 2020.", "The two following share classes hedged against the USD currency risk were unhedged on 15 May 2020 :", "- CARMIGNAC PORTFOLIO Commodities Class A USD Hedged Acc be...
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Die folgenden Aktienklassen wurden am 31. Dezember 2020 aufgelöst: - CARMIGNAC PORTFOLIO Long-Short European Equities Klasse A USD Hedged Acc. - CARMIGNAC PORTFOLIO Investissement Klasse E USD Hedged Acc. - CARMIGNAC PORTFOLIO Unconstrained EM Debt (früher Unconstrained Emerging Markets Debt) Klasse E USD Hedged Acc un...
2020-12-31
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The following share classes were liquidated on 31 December 2020 : - CARMIGNAC PORTFOLIO Long-Short European Equities Class A USD Hedged Acc. - CARMIGNAC PORTFOLIO Investissement Class E USD Hedged Acc. - CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt) Class E USD Hedged Acc and ...
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[ "The following share classes were liquidated on 31 December 2020 :", "- CARMIGNAC PORTFOLIO Long-Short European Equities Class A USD Hedged Acc.", "- CARMIGNAC PORTFOLIO Investissement Class E USD Hedged Acc.", "- CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt) Class E...
[ "The following share classes were liquidated on 31 December 2020 :", "- CARMIGNAC PORTFOLIO Long-Short European Equities Class A USD Hedged Acc.", "- CARMIGNAC PORTFOLIO Investissement Class E USD Hedged Acc.", "- CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt) Class E...
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Die Bewertung der Index-CFD basiert auf der Performance des zugrunde liegenden Index. Die Bewertung der Aktien-CFD basiert auf dem Schlusskurs der zugrunde liegenden Aktien. Swaps werden auf der Grundlage der Differenz zwischen dem aktualisierten Wert aller zukünftigen Geldströme, die am Bewertungsstichtag zu dem der F...
2020-12-31
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The valuation of index CFDs is based on the performance of the underlying index. The valuation of equity CFDs is based on the closing prices of the underlying shares. Swaps are valued on the basis of the difference between the discounted value of all future flows paid by the SICAV to the counterparty on the valuation d...
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[ "The valuation of index CFDs is based on the performance of the underlying index.", "The valuation of equity CFDs is based on the closing prices of the underlying shares.", "Swaps are valued on the basis of the difference between the discounted value of all future flows paid by the SICAV to the counterparty on ...
[ "The valuation of index CFDs is based on the performance of the underlying index.", "The valuation of equity CFDs is based on the closing prices of the underlying shares.", "Swaps are valued on the basis of the difference between the discounted value of all future flows paid by the SICAV to the counterparty on ...
Die Bewertung der Index-CFD basiert auf der Performance des zugrunde liegenden Index . Die Bewertung der Aktien-CFD basiert auf dem Schlusskurs der zugrunde liegenden Aktien . Swaps werden auf der Grundlage der Differenz zwischen dem aktualisierten Wert aller zukünftigen Geldströme , die an dem Bewertungsstichtag zu de...
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#### Referenzindikator Der Referenzindikator ist der Euro MTS 1-3 Jahre Index (mit Wiederanlage der Erträge). Dieser Index bildet die Wertentwicklung des Marktes für auf Euro lautende Staatsanleihen mit wiederangelegten Erträgen und einer Laufzeit von ein bis drei Jahren ab (Bloomberg-Code EMTXART Index). Er umfasst di...
2019-12-31
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#### Reference indicator The Fund’s reference indicator is the Euro MTS 1-3 Year index calculated with coupons reinvested. This index replicates the performance of the 1-3 year government bond market denominated in euro, dividends reinvested (Bloomberg code: EMTXART index). It includes prices provided by more than 250 ...
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[ "#### Reference indicator", "The Fund’s reference indicator is the Euro MTS 1-3 Year index calculated with coupons reinvested.", "This index replicates the performance of the 1-3 year government bond market denominated in euro, dividends reinvested (Bloomberg code: EMTXART index).", "It includes prices provid...
[ "#### Reference indicator", "The Fund’s reference indicator is the Euro MTS 1-3 Year index calculated with coupons reinvested.", "This index replicates the performance of the 1-3 year government bond market denominated in euro, dividends reinvested (Bloomberg code: EMTXART index).", "It includes prices provid...
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###### Die Transaktionen auf den Anleihemärkten werden bestimmt durch: - die Titelauswahl auf der Grundlage einer internen Analyse basierend auf Rentabilitäts-, Bonitäts-, Liquiditäts- und Laufzeitkriterien oder auf der Rückzahlungswahrscheinlichkeit bei Emittenten, die sich in Zahlungsschwierigkeiten befinden; - die A...
2019-12-31
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###### These investments on credit markets are determined by: - Selecting securities on the basis of an internal analysis, itself largely based on profitability, creditworthiness, liquidity, maturity and, for distressed issuers, the prospect of recovering the investment; - Government/corporate debt allocation; - The cr...
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[ "###### These investments on credit markets are determined by:", "- Selecting securities on the basis of an internal analysis, itself largely based on profitability, creditworthiness, liquidity, maturity and, for distressed issuers, the prospect of recovering the investment;", "- Government/corporate debt alloc...
[ "###### These investments on credit markets are determined by:", "- Selecting securities on the basis of an internal analysis, itself largely based on profitability, creditworthiness, liquidity, maturity and, for distressed issuers, the prospect of recovering the investment;", "- Government/corporate debt alloc...
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###### Zur Berechnung des Nettoinventarwerts werden Aktien und sonstige Wertpapiere, die an einem organisierten oder gleichwertigen Markt gehandelt werden, auf Grundlage des Tagesschlusskurses bewertet. Anleihen und ähnliche Wertpapiere werden zu dem von verschiedenen Finanzdienstleistern übermittelten Schlusskurs bewe...
2019-12-31
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###### For the calculation of the net asset value, equities and other securities traded on a regulated or similar market are valued on the basis of the last market price of the day. Bonds and other similar securities are valued at the closing price supplied by various financial service providers. Interest accrued on bo...
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[ "###### For the calculation of the net asset value, equities and other securities traded on a regulated or similar market are valued on the basis of the last market price of the day.", "Bonds and other similar securities are valued at the closing price supplied by various financial service providers.", "Interes...
[ "###### For the calculation of the net asset value, equities and other securities traded on a regulated or similar market are valued on the basis of the last market price of the day.", "Bonds and other similar securities are valued at the closing price supplied by various financial service providers.", "Interes...
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# Anlagepolitik ## Von der Europäischen Zentralbank (EZB) im Laufe des Jahres 2020 betriebene Geldpolitik Anfang 2020 gab die Europäische Zentralbank (EZB), die seit dem 1. November 2019 von Christine Lagarde geleitet wird, vor allem die Überprüfung ihrer Strategie bekannt und betonte die Notwendigkeit, die Nebenwirkun...
2020-12-31
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# Investment policy ## European Central Bank monetary policy in 2020. At the beginning of 2020, the European Central Bank (ECB), headed by Christine Lagarde since 1 November 2019, communicated mainly on the review of its strategy, insisting on the need to assess the side effects of negative interest rates. These concer...
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[ "# Investment policy", "## European Central Bank monetary policy in 2020.", "At the beginning of 2020, the European Central Bank (ECB), headed by Christine Lagarde since 1 November 2019, communicated mainly on the review of its strategy, insisting on the need to assess the side effects of negative interest rate...
[ "# Investment policy", "## European Central Bank monetary policy in 2020.", "At the beginning of 2020, the European Central Bank (ECB), headed by Christine Lagarde since 1 November 2019, communicated mainly on the review of its strategy, insisting on the need to assess the side effects of negative interest rate...
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### Die Wertpapiere, in die der Fonds investieren darf, haben (i) eine rechtlich festgelegte Laufzeit bei Emission von höchstens 397 Tagen oder (ii) eine Restlaufzeit von höchstens 397 Tagen. Der Fonds legt hauptsächlich in auf Euro lautenden Geldmarktinstrumenten mit festem und/oder variablem und/oder revidierbarem Zi...
2020-12-31
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#### The securities in which the Fund can invest have (i) a legal maturity at issuance of 397 days or fewer, or (ii) a residual maturity of 397 days or fewer. The Fund invests primarily in fixed- and/or variable- and/or adjustable-rate euro-denominated money market instruments. The Fund invests in securities from publi...
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[ "#### The securities in which the Fund can invest have", "(i) a legal maturity at issuance of 397 days or fewer, or", "(ii) a residual maturity of 397 days or fewer.", "The Fund invests primarily in fixed- and/or variable- and/or adjustable-rate euro-denominated money market instruments.", "The Fund invests...
[ "#### The securities in which the Fund can invest have", "(i) a legal maturity at issuance of 397 days or fewer, or", "(ii) a residual maturity of 397 days or fewer.", "The Fund invests primarily in fixed- and/or variable- and/or adjustable-rate euro-denominated money market instruments.", "The Fund invests...
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### All diese Wertpapiere müssen die Auswahlkriterien im Zusammenhang mit sozial verantwortungsvollem Investment (SRI) erfüllen. Alle vom Fonds gehaltenen Titel sind von hoher Qualität. Dies stellt der Anlageverwalter durch einen internen Bewertungsprozess sicher, bei dem insbesondere die Bonität des Instruments, die E...
2020-12-31
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#### All these securities must meet the socially responsible investment (SRI) selection criteria. The securities held by the Fund will all be of high quality. The Investment Manager will ensure that this is the case thanks to an internal assessment process that takes into account in particular the credit quality of the...
105,149
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[ "#### All these securities must meet the socially responsible investment (SRI) selection criteria.", "The securities held by the Fund will all be of high quality.", "The Investment Manager will ensure that this is the case thanks to an internal assessment process that takes into account in particular the credit...
[ "#### All these securities must meet the socially responsible investment (SRI) selection criteria.", "The securities held by the Fund will all be of high quality.", "The Investment Manager will ensure that this is the case thanks to an internal assessment process that takes into account in particular the credit...
### All diese Wertpapiere müssen die Auswahlkriterien in dem Zusammenhang mit sozial verantwortungsvollem Investment ( SRI ) erfüllen . Alle von dem Fonds gehaltenen Titel sind von hoher Qualität . Dies stellt der Anlageverwalter durch einen internen Bewertungsprozess sicher , bei dem insbesondere die Bonität des Instr...
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### BEFRISTETE KÄUFE UND ABTRETUNGEN VON WERTPAPIEREN Zum Zweck der effizienten Portfolioverwaltung und ohne von seinen Anlagezielen abzuweichen, kann der Fonds bis in Höhe von 100% seines Nettovermögens vorübergehend Wertpapiere in Pension nehmen und bis in Höhe von 10% seines Nettovermögens Wertpapiere in Pension geb...
2020-12-31
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### TEMPORARY PURCHASE AND SALE OF SECURITIES For the purpose of effective portfolio management and adhering to its investment objectives, the Fund may use reverse repurchase agreements up to a limit of 100% of its net assets and repurchase agreements up to a limit of 10% of its net assets. These trades are made to opt...
105,150
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[ "### TEMPORARY PURCHASE AND SALE OF SECURITIES", "For the purpose of effective portfolio management and adhering to its investment objectives, the Fund may use reverse repurchase agreements up to a limit of 100% of its net assets and repurchase agreements up to a limit of 10% of its net assets.", "These trades ...
[ "### TEMPORARY PURCHASE AND SALE OF SECURITIES", "For the purpose of effective portfolio management and adhering to its investment objectives, the Fund may use reverse repurchase agreements up to a limit of 100% of its net assets and repurchase agreements up to a limit of 10% of its net assets.", "These trades ...
### BEFRISTETE KÄUFE UND ABTRETUNGEN VON WERTPAPIEREN Zu dem Zweck der effizienten Portfolioverwaltung und ohne von seinen Anlagezielen abzuweichen , kann der Fonds bis in Höhe von 100% seines Nettovermögens vorübergehend Wertpapiere in Pension nehmen und bis in Höhe von 10% seines Nettovermögens Wertpapiere in Pension...
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#### ESG-Integration: Unsere Analysten und Fondsmanager berücksichtigen während des gesamten Anlageprozesses systematisch die wichtigsten ESG-Faktoren. Unsere Richtlinien und Grundsätze zur Einbindung von ESG-Kriterien gelten für all unsere Anlageprozesse (und damit für Fonds, Mandate und Themenfonds). Allerdings gelte...
2020-12-31
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#### ESG integration: Our analysts and managers systematically consider the most relevant ESG factors throughout the investment process. Our ESG integration guidelines and policy apply to all our investment processes (and therefore to funds, mandates and thematic funds). However, they are not applicable to index funds,...
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[ "#### ESG integration:", "Our analysts and managers systematically consider the most relevant ESG factors throughout the investment process.", "Our ESG integration guidelines and policy apply to all our investment processes (and therefore to funds, mandates and thematic funds).", "However, they are not applic...
[ "#### ESG integration:", "Our analysts and managers systematically consider the most relevant ESG factors throughout the investment process.", "Our ESG integration guidelines and policy apply to all our investment processes (and therefore to funds, mandates and thematic funds).", "However, they are not applic...
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1 Hinweis: Die oben aufgeführten Vergütungsbeträge lassen sich nicht direkt mit den Buchführungsdaten für das Geschäftsjahr abgleichen, weil sie zugewiesene Beträge auf der Grundlage des Personalbestands zum Abschluss des jährlichen Programms der variablen Vergütung im Mai 2020 widerspiegeln. So umfassen diese Beträge...
2020-12-31
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1 NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2020, on the basis of the headcount at the end of the annual variable remuneration period. For example, these amounts include all variable remuneration allocated during this plan, ...
105,152
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[ "1", "NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2020, on the basis of the headcount at the end of the annual variable remuneration period.", "For example, these amounts include all variable remuneration allocated duri...
[ "1", "NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2020, on the basis of the headcount at the end of the annual variable remuneration period.", "For example, these amounts include all variable remuneration allocated duri...
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#### Anlagestrategie ANGEWANDTE STRATEGIEN Der Fonds weist ein Exposure in Höhe von mindestens 60% seines Nettovermögens in Aktienmärkten auf, wobei es keine Vorgaben im Hinblick auf die geografische Region oder die Art der Kapitalisierung gibt. Gleichzeitig kann er in Höhe von bis zu 40% in Anleihen, handelbaren Forde...
2019-12-31
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#### Investment strategy STRATEGIES USED At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation. Up to 40% may be invested in bonds, negotiable debt securities and money market instruments. At least two thirds of the issuers of equities and bonds h...
105,153
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[ "#### Investment strategy", "STRATEGIES USED", "At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation.", "Up to 40% may be invested in bonds, negotiable debt securities and money market instruments.", "At least two thirds of the issuer...
[ "#### Investment strategy", "STRATEGIES USED", "At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation.", "Up to 40% may be invested in bonds, negotiable debt securities and money market instruments.", "At least two thirds of the issuer...
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Währungsstrategie: Die Entscheidungen, die vom Fondsmanager in Bezug auf den Währungsmarkt getroffen werden, basieren auf einer globalen makroökonomischen Analyse und insbesondere auf den Aussichten für das Wachstum, die Inflation und die Geld- und Haushaltspolitik der verschiedenen Länder und Wirtschaftsräume sowie au...
2019-12-31
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Foreign exchange strategy: The portfolio manager’s decisions regarding exposure to the foreign exchange market are made on the basis of a global macroeconomic analysis, in particular of the outlook for growth, inflation and monetary and fiscal policy of the different economic regions and countries, along with a detaile...
105,154
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[ "Foreign exchange strategy:", "The portfolio manager’s decisions regarding exposure to the foreign exchange market are made on the basis of a global macroeconomic analysis, in particular of the outlook for growth, inflation and monetary and fiscal policy of the different economic regions and countries, along with...
[ "Foreign exchange strategy:", "The portfolio manager’s decisions regarding exposure to the foreign exchange market are made on the basis of a global macroeconomic analysis, in particular of the outlook for growth, inflation and monetary and fiscal policy of the different economic regions and countries, along with...
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##### EINLAGEN UND LIQUIDE MITTEL Der Fonds kann auf Einlagen zurückgreifen, um seine Zahlungsflüsse zu optimieren und die verschiedenen Wertstellungsdaten der Zeichnung/Rücknahme der zugrunde liegenden OGA zu verwalten. Diese Geschäfte werden bis zu einer Höhe von maximal 20% des Nettovermögens durchgeführt. Solche Ge...
2019-12-31
ENDE
##### DEPOSITS AND CASH The fund may use deposits in order to optimise its cash management and to manage the various subscription or redemption settlement dates of the underlying funds. These trades are made within the limit of 20% of the net assets. This type of transaction will be made on an exceptional basis. The fu...
105,155
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[ "##### DEPOSITS AND CASH", "The fund may use deposits in order to optimise its cash management and to manage the various subscription or redemption settlement dates of the underlying funds.", "These trades are made within the limit of 20% of the net assets.", "This type of transaction will be made on an excep...
[ "##### DEPOSITS AND CASH", "The fund may use deposits in order to optimise its cash management and to manage the various subscription or redemption settlement dates of the underlying funds.", "These trades are made within the limit of 20% of the net assets.", "This type of transaction will be made on an excep...
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- Exposure Basiswerte, das mit Derivaten erzielt wurde: 155.445.756,41 - Devisentermingeschäfte: 155.445.756,41 - Futures: 0,00 - Optionen: 0,00 - Swap: 0,00
2019-12-31
ENDE
- Exposure to underlying instruments achieved through financial derivatives: 155,445,756.41 - Forward exchange contracts: 155,445,756.41 - Futures: 0.00 - Options: 0.00 - Swap: 0.00
105,156
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[ "- Exposure to underlying instruments achieved through financial derivatives: 155,445,756.41", "- Forward exchange contracts: 155,445,756.41", "- Futures: 0.00", "- Options: 0.00", "- Swap: 0.00" ]
[ "- Exposure to underlying instruments achieved through financial derivatives: 155,445,756.41", "- Forward exchange contracts: 155,445,756.41", "- Futures: 0.00", "- Options: 0.00", "- Swap: 0.00" ]
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#### Anlagestrategie und Transparenz im Hinblick auf Kohlenstoffemissionen Carmignac hat ihre Engagements im Hinblick auf die Berücksichtigung von Faktoren im Zusammenhang mit Klimaveränderungen in ihrem Anlageprozess formalisiert, indem sie ihre Bemühungen im Rahmen der „Cop21“- Initiativen gebündelt hat und die Grund...
2019-12-31
ENDE
#### Investment strategy and transparency with regard to carbon emissions Carmignac has formalised its commitment to factor climate change issues into its investment process, combining its efforts under the COP21 initiatives with adherence to the principles of article 173 of the energy transition act (L533- 22-1 of the...
105,157
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[ "#### Investment strategy and transparency with regard to carbon emissions", "Carmignac has formalised its commitment to factor climate change issues into its investment process, combining its efforts under the COP21 initiatives with adherence to the principles of article 173 of the energy transition act (L533- 2...
[ "#### Investment strategy and transparency with regard to carbon emissions", "Carmignac has formalised its commitment to factor climate change issues into its investment process, combining its efforts under the COP21 initiatives with adherence to the principles of article 173 of the energy transition act (L533- 2...
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#### CARMIGNAC GESTION 24, place Vendôme – 75001 Paris Tel.: (+33) 01 42 86 53 35 – Fax: (+33) 01 42 86 52 10 Portfolioverwaltungsgesellschaft (AMF-Zulassung vom 13.03.1997 unter der Nummer GP 97-08) Aktiengesellschaft mit einem Kapital von 15.000.000 EUR – Handelsregister Paris B 349 501 676
2019-12-31
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#### CARMIGNAC GESTION 24, place Vendôme – 75001 Paris Tel: +33 (0)1 42 86 53 35 - Fax: +33 (0)1 42 86 52 10 Portfolio management company (AMF authorisation no. GP 97-08 of 13/03/1997). SA with capital of EUR 15 million - RCS Paris B 349 501 676
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[ "#### CARMIGNAC GESTION", "24, place Vendôme – 75001 Paris", "Tel: +33 (0)1 42 86 53 35 - Fax: +33 (0)1 42 86 52 10", "Portfolio management company (AMF authorisation no. GP 97-08 of 13/03/1997).", "SA with capital of EUR 15 million - RCS Paris B 349 501 676" ]
[ "#### CARMIGNAC GESTION", "24, place Vendôme – 75001 Paris", "Tel: +33 (0)1 42 86 53 35 - Fax: +33 (0)1 42 86 52 10", "Portfolio management company (AMF authorisation no. GP 97-08 of 13/03/1997).", "SA with capital of EUR 15 million - RCS Paris B 349 501 676" ]
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# Anlagepolitik #### Von der Europäischen Zentralbank (EZB) im Laufe des Jahres 2019 betriebene Geldpolitik Im Herbst 2018 sprach die Europäische Zentralbank (EZB) von der Normalisierung ihrer quantitativen Lockerung (Quantitative Easing oder QE) und lenkte damit die Erwartungen einer ersten Zinserhöhung auf ein Jahr s...
2019-12-31
ENDE
# Investment policy #### European Central Bank monetary policy in 2019. In the autumn of 2018, the European Central Bank talked of normalising its quantitative easing programme and guided expectations towards an initial rate increase a year later. It changed its tone completely at the beginning of 2019 when Mario Dragh...
105,159
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[ "# Investment policy", "#### European Central Bank monetary policy in 2019.", "In the autumn of 2018, the European Central Bank talked of normalising its quantitative easing programme and guided expectations towards an initial rate increase a year later.", "It changed its tone completely at the beginning of 2...
[ "# Investment policy", "#### European Central Bank monetary policy in 2019.", "In the autumn of 2018, the European Central Bank talked of normalising its quantitative easing programme and guided expectations towards an initial rate increase a year later.", "It changed its tone completely at the beginning of 2...
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###### Aufgrund des Ermessensspielraums der Fondsverwaltung unterliegt die Verteilung keiner grundsätzlichen Beschränkung. In Anwendung der abweichenden Bestimmungen von Artikel 17 Absatz 7 der Verordnung (EU) 2017/1131 und gemäß dem Grundsatz der Risikostreuung kann der Fonds mehr als 5% und bis zu 100% seines Vermöge...
2019-12-31
ENDE
###### As the Fund is managed on a discretionary basis, no asset allocation constraints shall apply. Pursuant to the derogating provisions of Article 17(7) of Regulation (EU) 2017/1131 and in compliance with the principle of risk spreading, the Fund may invest more than 5% and up to 100% of its assets (20% for issuers ...
105,160
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[ "###### As the Fund is managed on a discretionary basis, no asset allocation constraints shall apply.", "Pursuant to the derogating provisions of Article 17(7) of Regulation (EU) 2017/1131 and in compliance with the principle of risk spreading, the Fund may invest more than 5% and up to 100% of its assets (20% fo...
[ "###### As the Fund is managed on a discretionary basis, no asset allocation constraints shall apply.", "Pursuant to the derogating provisions of Article 17(7) of Regulation (EU) 2017/1131 and in compliance with the principle of risk spreading, the Fund may invest more than 5% and up to 100% of its assets (20% fo...
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#### Kontrakte, die finanzielle Garantien darstellen Um sich vor einem Ausfall einer Gegenpartei zu schützen, können im Rahmen befristeter Käufe und Abtretungen von Wertpapieren sowie außerbörslicher Derivategeschäfte finanzielle Garantien in Form von Wertpapieren und/oder Barmitteln gegeben werden, die von der Verwahr...
2019-12-31
ENDE
#### Contracts constituting financial guarantees In order to guard against counterparty default, the temporary purchase and sale of securities, as well as transactions on derivatives traded over the counter, may give rise to the delivery of collateral in the form of securities and/or cash which are held in segregated a...
105,161
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[ "#### Contracts constituting financial guarantees", "In order to guard against counterparty default, the temporary purchase and sale of securities, as well as transactions on derivatives traded over the counter, may give rise to the delivery of collateral in the form of securities and/or cash which are held in se...
[ "#### Contracts constituting financial guarantees", "In order to guard against counterparty default, the temporary purchase and sale of securities, as well as transactions on derivatives traded over the counter, may give rise to the delivery of collateral in the form of securities and/or cash which are held in se...
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###### Der Fonds steht allen Zeichnern offen, insbesondere Anlegern, die eine Verzinsung ihrer liquiden Mittel über kurze Zeiträume und eine risikoarme Anlage anstreben. Die Anteile dieses Fonds sind nicht gemäß den gesetzlichen Bestimmungen des US Securities Act von 1933 registriert. Folglich dürfen sie im Namen oder ...
2019-12-31
ENDE
###### The Fund is open to all investors and more specifically to investors seeking short-term returns on low-risk investments. Units of this Fund have not been registered in accordance with the US Securities Act of 1933. They may therefore not be offered or sold, either directly or indirectly on behalf of or for the b...
105,162
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[ "###### The Fund is open to all investors and more specifically to investors seeking short-term returns on low-risk investments.", "Units of this Fund have not been registered in accordance with the US Securities Act of 1933.", "<XML tool=\"custom\" phenom=\"reordering\" from=2 to=3>They may therefore not be of...
[ "###### The Fund is open to all investors and more specifically to investors seeking short-term returns on low-risk investments.", "Units of this Fund have not been registered in accordance with the US Securities Act of 1933.", "They may therefore not be offered or sold, either directly or indirectly on behalf ...
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* Hinweis: Die oben aufgeführten Vergütungsbeträge lassen sich nicht direkt mit den Buchführungsdaten für das Geschäftsjahr abgleichen, weil sie zugewiesene Beträge auf der Grundlage des Personalbestands zum Abschluss des jährlichen Programms der variablen Vergütung im Mai 2019 widerspiegeln. So umfassen diese Beträge...
2019-12-31
ENDE
* NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2019, on the basis of the headcount at the end of the annual variable remuneration period. For example, these amounts include all variable remuneration allocated during this plan, ...
105,163
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[ "NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2019, on the basis of the headcount at the end of the annual variable remuneration period.", "For example, these amounts include all variable remuneration allocated during this...
[ "NB: the remuneration amounts shown above do not match accounting data for the year exactly, as they reflect the amounts allocated in May 2019, on the basis of the headcount at the end of the annual variable remuneration period.", "For example, these amounts include all variable remuneration allocated during this...
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##### FORDERUNGSPAPIERE UND GELDMARKTINSTRUMENTE Um dem Fondsmanager eine Diversifizierung des Portfolios zu ermöglichen, kann der Fonds bis zu maximal 25% in Geldmarktinstrumenten, in handelbaren Forderungspapieren und/oder in festverzinslichen oder variabel verzinslichen, besicherten oder unbesicherten, und/oder an d...
2019-12-31
ENDE
##### DEBT SECURITIES AND MONEY MARKET INSTRUMENTS In order to allow the portfolio manager to diversify the portfolio, up to 25% of the fund’s assets may be invested in money market instruments, transferable debt securities, and fixed or floating rate, covered or uncovered bonds, which may be linked to inflation in the...
105,164
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[ "##### DEBT SECURITIES AND MONEY MARKET INSTRUMENTS", "In order to allow the portfolio manager to diversify the portfolio, up to 25% of the fund’s assets may be invested in money market instruments, transferable debt securities, and fixed or floating rate, covered or uncovered bonds, which may be linked to inflat...
[ "##### DEBT SECURITIES AND MONEY MARKET INSTRUMENTS", "In order to allow the portfolio manager to diversify the portfolio, up to 25% of the fund’s assets may be invested in money market instruments, transferable debt securities, and fixed or floating rate, covered or uncovered bonds, which may be linked to inflat...
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##### Geschäfte an organisierten Märkten: Fixe Termingeschäfte: Diese Transaktionen werden je nach Markt zum Abrechnungskurs bewertet. Die Verpflichtung wird folgendermaßen berechnet: Kurs des Terminkontrakts x Nennwert des Kontrakts x Stückzahl. Bedingte Termingeschäfte: Diese Transaktionen werden je nach Markt zum Ta...
2019-12-31
ENDE
##### Transactions on regulated markets: Futures: these transactions are valued according to the markets on the basis of the settlement price. The commitment is calculated as follows: price of futures contract x nominal value of contract x quantities. Options: these contracts are valued according to the markets on the ...
105,165
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[ "##### Transactions on regulated markets:", "Futures: these transactions are valued according to the markets on the basis of the settlement price.", "The commitment is calculated as follows: price of futures contract x nominal value of contract x quantities.", "Options: these contracts are valued according to...
[ "##### Transactions on regulated markets:", "Futures: these transactions are valued according to the markets on the basis of the settlement price.", "The commitment is calculated as follows: price of futures contract x nominal value of contract x quantities.", "Options: these contracts are valued according to...
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### Berechnungsmethode des Gesamtrisikos Die Methode zur Ermittlung des Gesamtrisikos ist die relative Value-at-Risk-Methode (VaR) gegenüber einem Referenzportfolio (das Referenzportfolio ist der Referenzindikator des Fonds), auf Grundlage der vergangenen beiden Jahre und mit einem Konfidenzniveau von 99% über 20 Tage....
2021-12-31
ENDE
## Overall risk calculation method The method used to determine the fund's overall risk is the relative Value-at-Risk (VaR) method, using a benchmark portfolio as a comparison (the fund's reference indicator is its benchmark portfolio) over a two-year historical horizon, with a 99% confidence threshold over 20 days. Th...
105,166
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[ "## Overall risk calculation method", "The method used to determine the fund's overall risk is the relative Value-at-Risk (VaR) method, using a benchmark portfolio as a comparison (the fund's reference indicator is its benchmark portfolio) over a two-year historical horizon, with a 99% confidence threshold over 2...
[ "## Overall risk calculation method", "The method used to determine the fund's overall risk is the relative Value-at-Risk (VaR) method, using a benchmark portfolio as a comparison (the fund's reference indicator is its benchmark portfolio) over a two-year historical horizon, with a 99% confidence threshold over 2...
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# Anlagepolitik Der Fonds verzeichnete 2019 eine positive Performance von +24,75% (Anteil A EUR Acc – ISIN-Code: FR0010148981), während sein Referenzindikator (MSCI AC World NR (USD) mit Wiederanlage der Nettodividenden) um +28,93% zulegte. Das Jahr 2019 begann für die Anleger mit einem rückläufigen Markt und schloss m...
2019-12-31
ENDE
# Investment policy The Fund posted a return of +24.75% (A EUR Acc units - ISIN FR0010148981) in 2019, compared with +28.93% for its reference indicator (MSCI AC World NR (USD) net dividends reinvested). 2019 started with the market falling for investors, and ended with US equity markets’ strongest rally since 2013, dr...
105,167
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[ "# Investment policy", "The Fund posted a return of +24.75% (A EUR Acc units - ISIN FR0010148981) in 2019, compared with +28.93% for its reference indicator (MSCI AC World NR (USD) net dividends reinvested).", "2019 started with the market falling for investors, and ended with US equity markets’ strongest rally...
[ "# Investment policy", "The Fund posted a return of +24.75% (A EUR Acc units - ISIN FR0010148981) in 2019, compared with +28.93% for its reference indicator (MSCI AC World NR (USD) net dividends reinvested).", "2019 started with the market falling for investors, and ended with US equity markets’ strongest rally...
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###### Der Referenzindikator ist der weltweite Aktienindex MSCI AC WORLD NR (USD). Der MSCI AC WORLD NR (USD) ist ein Index, der die internationalen Blue Chips aus den Industrie- und den Schwellenländern repräsentiert. Er wird von MSCI in US-Dollar mit Wiederanlage der Nettodividenden berechnet und anschließend in Euro...
2019-12-31
ENDE
###### The reference indicator is the MSCI global international equities index, the MSCI AC WORLD NR (USD). The MSCI AC WORLD NR (USD) index represents the largest international companies in developed and emerging countries. It is calculated by MSCI in dollars, with net dividends reinvested, then converted into euro (B...
105,168
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[ "###### The reference indicator is the MSCI global international equities index, the MSCI AC WORLD NR (USD).", "The MSCI AC WORLD NR (USD) index represents the largest international companies in developed and emerging countries.", "It is calculated by MSCI in dollars, with net dividends reinvested, then convert...
[ "###### The reference indicator is the MSCI global international equities index, the MSCI AC WORLD NR (USD).", "The MSCI AC WORLD NR (USD) index represents the largest international companies in developed and emerging countries.", "It is calculated by MSCI in dollars, with net dividends reinvested, then convert...
###### Der Referenzindikator ist der weltweite Aktienindex MSCI AC WORLD NR ( USD ) . Der MSCI AC WORLD NR ( USD ) ist ein Index , der die internationalen Blue Chips aus den Industrie - und den Schwellenländern repräsentiert . Er wird von MSCI in US - Dollar mit Wiederanlage der Nettodividenden berechnet und anschließe...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Emerging Discovery #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 261,672,194.83 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 245,221,970.40 | | Cost price | | 250,582,143.68 | | Unrealised loss on the ...
105,169
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[ "# CARMIGNAC PORTFOLIO", "## Emerging Discovery", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 261,672,194.83 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 245,221,970.40 |", "| Cost price | ...
[ "# CARMIGNAC PORTFOLIO", "## Emerging Discovery", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 261,672,194.83 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 245,221,970.40 |", "| Cost price | ...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Euro Fixed Income (formerly Capital Plus) #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 916,866,422.29 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 862,008,168.54 | | Cost price | | 851,5...
105,170
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Euro Fixed Income (formerly Capital", "Plus)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 916,866,422.29 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note ...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Euro Fixed Income (formerly Capital", "Plus)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 916,866,422.29 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note ...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Emergents #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 134,174,286.76 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 124,765,964.91 | | Cost price | | 114,438,127.45 | | Unrealised profit on the securit...
105,171
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[ "# CARMIGNAC PORTFOLIO", "## Emergents", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 134,174,286.76 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 124,765,964.91 |", "| Cost price | | 114,438...
[ "# CARMIGNAC PORTFOLIO", "## Emergents", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 134,174,286.76 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 124,765,964.91 |", "| Cost price | | 114,438...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Patrimoine #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 1,318,787,132.17 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 1,234,289,531.24 | | Cost price | | 1,148,990,274.77 | | Unrealised profit on the ...
105,172
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[ "# CARMIGNAC PORTFOLIO", "## Patrimoine", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 1,318,787,132.17 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,234,289,531.24 |", "| Cost price | | 1,...
[ "# CARMIGNAC PORTFOLIO", "## Patrimoine", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 1,318,787,132.17 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 1,234,289,531.24 |", "| Cost price | | 1,...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Investissement Latitude #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 37,443,139.79 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 34,373,441.84 | | Cost price | | 31,291,655.52 | | Unrealised profit on ...
105,173
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[ "# CARMIGNAC PORTFOLIO", "## Investissement Latitude", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 37,443,139.79 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 34,373,441.84 |", "| Cost price ...
[ "# CARMIGNAC PORTFOLIO", "## Investissement Latitude", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 37,443,139.79 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 34,373,441.84 |", "| Cost price ...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Credit #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 311,637,084.32 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 286,167,007.11 | | Cost price | | 278,662,340.47 | | Unrealised profit on ...
105,174
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Credit", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 311,637,084.32 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 286,167,007.11 |", "| Cost price |...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Credit", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 311,637,084.32 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 286,167,007.11 |", "| Cost price |...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Grandchildren (launched on 31/05/19) #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 20,862,468.58 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 20,815,113.21 | | Cost price | | 19,050,528.13 | | Unrealis...
105,175
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[ "# CARMIGNAC PORTFOLIO", "## Grandchildren (launched on 31/05/19)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 20,862,468.58 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 20,815,113.21 |", "...
[ "# CARMIGNAC PORTFOLIO", "## Grandchildren (launched on 31/05/19)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 20,862,468.58 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 20,815,113.21 |", "...
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# CARMIGNAC PORTFOLIO ## Sonstige Erläuterungen zum Abschluss ###### Erläuterung 1 – Allgemeines CARMIGNAC PORTFOLIO (die „SICAV“) ist eine nach luxemburgischem Recht gegründete Gesellschaft in Form einer offenen Investmentgesellschaft („SICAV“) gemäß dem Gesetz vom 10. August 1915 über Handelsgesellschaften und Teil ...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Other notes to the financial statements ### Other notes to the financial statements at 31/12/19 ###### Note 1 - General Information CARMIGNAC PORTFOLIO (the "SICAV") is a company incorporated under Luxembourg law in the form of an open- ended investment company ("SICAV"), in accordance with ...
105,176
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[ "# CARMIGNAC PORTFOLIO", "## Other notes to the financial statements", "### Other notes to the financial statements at 31/12/19", "###### Note 1 - General Information", "CARMIGNAC PORTFOLIO (the \"SICAV\") is a company incorporated under Luxembourg law in the form of an open- ended investment company (\"SI...
[ "# CARMIGNAC PORTFOLIO", "## Other notes to the financial statements", "### Other notes to the financial statements at 31/12/19", "###### Note 1 - General Information", "CARMIGNAC PORTFOLIO (the \"SICAV\") is a company incorporated under Luxembourg law in the form of an open- ended investment company (\"SI...
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Die stärkste Belastung für unsere Performance ergab sich aus: - unseren Short-Positionen auf Indizes, die wir zu Beginn des Jahres eingegangen waren, um unser Aktienexposure zu reduzieren – nach der extremen Schwäche von Aktien Ende 2018 hatten wir unser Aktienexposure auf ein sehr vorsichtiges Niveau reduziert, was si...
2019-12-31
ENDE
The following weighed heaviest on performance: - Short positions on indices aimed at reducing equity exposure at beginning of the year: after the extreme weakness experienced at the end of 2018, we had a very cautious equity exposure that has been hurt by the massive rally of equity markets - Short positions on core ra...
105,177
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[ "The following weighed heaviest on performance:", "- Short positions on indices aimed at reducing equity exposure at beginning of the year: after the extreme weakness experienced at the end of 2018, we had a very cautious equity exposure that has been hurt by the massive rally of equity markets", "- Short posit...
[ "The following weighed heaviest on performance:", "- Short positions on indices aimed at reducing equity exposure at beginning of the year: after the extreme weakness experienced at the end of 2018, we had a very cautious equity exposure that has been hurt by the massive rally of equity markets", "- Short posit...
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###### Erläuterung 1 – Allgemeines CARMIGNAC PORTFOLIO (die „SICAV“) ist eine nach luxemburgischem Recht gegründete Gesellschaft in Form einer offenen Investmentgesellschaft („SICAV“) gemäß dem Gesetz vom 10. August 1915 über Handelsgesellschaften und Teil I des Gesetzes vom 17. Dezember 2010 über Organismen für gemein...
2019-12-31
ENDE
###### Note 1 - General Information CARMIGNAC PORTFOLIO (the "SICAV") is a company incorporated under Luxembourg law in the form of an open- ended investment company ("SICAV"), in accordance with the amended Law of 10 August 1915 on commercial companies and Part I of the amended Law of 17 December 2010 on undertakings ...
105,178
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[ "###### Note 1 - General Information", "CARMIGNAC PORTFOLIO (the \"SICAV\") is a company incorporated under Luxembourg law in the form of an open- ended investment company (\"SICAV\"), in accordance with the amended Law of 10 August 1915 on commercial companies and Part I of the amended Law of 17 December 2010 on...
[ "###### Note 1 - General Information", "CARMIGNAC PORTFOLIO (the \"SICAV\") is a company incorporated under Luxembourg law in the form of an open- ended investment company (\"SICAV\"), in accordance with the amended Law of 10 August 1915 on commercial companies and Part I of the amended Law of 17 December 2010 on...
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Die Bewertung der Inflationsswaps erfolgt im Einklang mit dem Risk Management von Carmignac Gestion Luxembourg S.A. durch den Bloomberg-Pricer. Die Volatilität BVOL Cube von Bloomberg wird verwendet. Einzelheiten zu offenen Inflationsswaps sind im Teil „Erläuterungen zum Abschluss – Aufstellung der derivativen Finanzin...
2019-12-31
ENDE
The valuation of inflation swaps is determined, in accordance with the Risk Management of Carmignac Gestion Luxembourg S.A., via the Bloomberg pricer. Bloomberg's BVOL Cube volatility is used. For the details of outstanding inflation swaps, please refer to the section “Notes to the financial statements - Schedule of de...
105,179
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[ "The valuation of inflation swaps is determined, in accordance with the Risk Management of Carmignac Gestion Luxembourg S.A., via the Bloomberg pricer.", "Bloomberg's BVOL Cube volatility is used.", "For the details of outstanding inflation swaps, please refer to the section “Notes to the financial statements -...
[ "The valuation of inflation swaps is determined, in accordance with the Risk Management of Carmignac Gestion Luxembourg S.A., via the Bloomberg pricer.", "Bloomberg's BVOL Cube volatility is used.", "For the details of outstanding inflation swaps, please refer to the section “Notes to the financial statements -...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Unconstrained Global Bond #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 864,560,821.73 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 797,765,542.22 | | Cost price | | 804,233,314.34 | | Unrealised loss ...
105,180
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[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Global Bond", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 864,560,821.73 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 797,765,542.22 |", "| Cost pr...
[ "# CARMIGNAC PORTFOLIO", "## Unconstrained Global Bond", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 864,560,821.73 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 797,765,542.22 |", "| Cost pr...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Emerging Patrimoine #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 491,794,926.34 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 443,847,211.82 | | Cost price | | 424,506,267.74 | | Unrealised profit on t...
105,181
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[ "# CARMIGNAC PORTFOLIO", "## Emerging Patrimoine", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 491,794,926.34 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 443,847,211.82 |", "| Cost price | ...
[ "# CARMIGNAC PORTFOLIO", "## Emerging Patrimoine", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 491,794,926.34 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 443,847,211.82 |", "| Cost price | ...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Sécurité #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 2,418,957,859.17 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 2,190,295,140.30 | | Cost price | | 2,153,759,442.01 | | Unrealised profit on the se...
105,182
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[ "# CARMIGNAC PORTFOLIO", "## Sécurité", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 2,418,957,859.17 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 2,190,295,140.30 |", "| Cost price | | 2,15...
[ "# CARMIGNAC PORTFOLIO", "## Sécurité", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 2,418,957,859.17 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 2,190,295,140.30 |", "| Cost price | | 2,15...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Capital Cube (liquidated on 25/05/19) Key figures relating to the last 3 years Period ending as at: 25/05/19 31/12/18 31/12/17 | Total Net Assets | EUR | 0.00 | 21,247,362.09 | 24,523,877.98 | | --- | --- | --- | --- | --- | | Class A EUR - Capitalisation Number of shares | | 0 | 24,856 | 39,7...
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[ "# CARMIGNAC PORTFOLIO", "## Capital Cube (liquidated on 25/05/19)", "Key figures relating to the last 3 years", "Period ending as at:\t25/05/19\t31/12/18\t31/12/17", "| Total Net Assets | EUR | 0.00 | 21,247,362.09 | 24,523,877.98 |", "| --- | --- | --- | --- | --- |", "| Class A EUR - Capitalisation N...
[ "# CARMIGNAC PORTFOLIO", "## Capital Cube (liquidated on 25/05/19)", "Key figures relating to the last 3 years", "Period ending as at:\t25/05/19\t31/12/18\t31/12/17", "| Total Net Assets | EUR | 0.00 | 21,247,362.09 | 24,523,877.98 |", "| --- | --- | --- | --- | --- |", "| Class A EUR - Capitalisation N...
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# CARMIGNAC PORTFOLIO ## Konsolidiert ##### Abschluss zum 31.12.2019 Aufstellung des Nettovermögens zum 31.12.2019 Ausgedrückt in EUR | Aktiva | | 8.526.201.846,34 | | --- | --- | --- | | Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 7.827.728.767,13 | | Anschaffungskosten | | 7.574.187.077,90 | | Nicht r...
2019-12-31
ENDE
# CARMIGNAC PORTFOLIO ## Family Governed (launched on 31/05/19) #### Financial Statements as at 31/12/19 Statement of net assets as at 31/12/19 Expressed in EUR | Assets | | 20,369,041.16 | | --- | --- | --- | | Securities portfolio at market value | Note 2 | 20,308,308.85 | | Cost price | | 18,866,350.14 | | Unreal...
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[ "# CARMIGNAC PORTFOLIO", "## Family Governed (launched on 31/05/19)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 20,369,041.16 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 20,308,308.85 |", ...
[ "# CARMIGNAC PORTFOLIO", "## Family Governed (launched on 31/05/19)", "#### Financial Statements as at 31/12/19", "Statement of net assets as at 31/12/19", "Expressed in EUR", "| Assets | | 20,369,041.16 |", "| --- | --- | --- |", "| Securities portfolio at market value | Note 2 | 20,308,308.85 |", ...
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*Die oben angegebenen Positionen entsprechen einem Aktienkorb. **Diese Positionen sind Dividendenforderungen. Der Kontrahent ist Goldman Sachs International Paris. Zusammensetzung der Körbe
2019-12-31
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*The positions above correspond to a basket of equities. **These positions are dividends receivable. The counterparty is Goldman Sachs International Paris. Composition of baskets
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[ "*The positions above correspond to a basket of equities.", "**These positions are dividends receivable.", "The counterparty is Goldman Sachs International Paris.", "Composition of baskets" ]
[ "*The positions above correspond to a basket of equities.", "**These positions are dividends receivable.", "The counterparty is Goldman Sachs International Paris.", "Composition of baskets" ]
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# Anlagepolitik ## Von der Europäischen Zentralbank (EZB) im Laufe des Jahres 2021 betriebene Geldpolitik Wie überall auf der Welt wurden auch bei der Europäischen Zentralbank (EZB) die wesentlichen geldpolitischen Entscheidungen übereilt im März 2020 getroffen. Die symbolträchtigste Maßnahme war die Schaffung eines No...
2021-12-31
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# Investment policy ## European Central Bank monetary policy in 2021. As elsewhere in the world, the European Central Bank (ECB) had to hurry its main monetary policy decisions in March 2020. The most symbolic of these was the creation and rapid implementation of a Pandemic Emergency Purchase Programme (PEPP), the budg...
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[ "# Investment policy", "## European Central Bank monetary policy in 2021.", "As elsewhere in the world, the European Central Bank (ECB) had to hurry its main monetary policy decisions in March 2020.", "The most symbolic of these was the creation and rapid implementation of a Pandemic Emergency Purchase Progra...
[ "# Investment policy", "## European Central Bank monetary policy in 2021.", "As elsewhere in the world, the European Central Bank (ECB) had to hurry its main monetary policy decisions in March 2020.", "The most symbolic of these was the creation and rapid implementation of a Pandemic Emergency Purchase Progra...
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# Gesetzlich vorgeschriebene Informationen ## Auswahl der Intermediäre „In ihrer Eigenschaft als Verwaltungsgesellschaft wählt Carmignac Gestion Dienstleister aus, deren Ausführungsgrundsätze es ermöglichen, bei der Erteilung von Aufträgen für Rechnung ihrer OGAW oder ihrer Kunden das bestmögliche Ergebnis zu gewährlei...
2021-12-31
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# Regulatory information ## Policy for the selection of intermediaries “In its capacity as management company, Carmignac Gestion selects service providers whose execution policy guarantees the best possible result when executing orders transmitted on behalf of its UCITS or its clients. It also selects service providers...
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[ "# Regulatory information", "## Policy for the selection of intermediaries", "“In its capacity as management company, Carmignac Gestion selects service providers whose execution policy guarantees the best possible result when executing orders transmitted on behalf of its UCITS or its clients. It also selects se...
[ "# Regulatory information", "## Policy for the selection of intermediaries", "“In its capacity as management company, Carmignac Gestion selects service providers whose execution policy guarantees the best possible result when executing orders transmitted on behalf of its UCITS or its clients. It also selects se...
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# Anlagepolitik | 1 | 2 | 3 | 4 | 5 | 6* | 7 | | --- | --- | --- | --- | --- | --- | --- | Empfohlene Mindestanlagedauer: Der Fonds verzeichnete 2020 eine positive Performance von +44,7% (Anteil A EUR Acc – ISIN: FR0010149302), während sein Referenzindikator (MSCI Emerging Markets USD mit Wiederanlage der Nettodividen...
2020-12-31
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# Investment policy | 1 | 2 | 3 | 4 | 5 | 6* | 7 | | --- | --- | --- | --- | --- | --- | --- | Minimum recommended investment period: #### In 2020, the Fund returned 44.7% (A EUR Acc units – ISIN FR0010149302), compared with 8.5% for its reference indicator (MSCI Emerging Markets (USD), net dividends reinvested). ##...
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[ "# Investment policy", "| 1 | 2 | 3 | 4 | 5 | 6* | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "#### In 2020, the Fund returned 44.7% (A EUR Acc units – ISIN FR0010149302), compared with 8.5% for its reference indicator (MSCI Emerging Markets (USD), net div...
[ "# Investment policy", "| 1 | 2 | 3 | 4 | 5 | 6* | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "#### In 2020, the Fund returned 44.7% (A EUR Acc units – ISIN FR0010149302), compared with 8.5% for its reference indicator (MSCI Emerging Markets (USD), net div...
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# Rechnungslegungsgrundsätze und Bewertungsmethoden #### Der Jahresabschluss wird in der von der Verordnung ANC Nr. 2014-01 in ihrer geltenden Fassung vorgeschriebenen Form vorgelegt. #### Die folgenden allgemeinen Rechnungslegungsgrundsätze finden Anwendung: - den tatsächlichen Verhältnissen entsprechende Darstellung...
2020-12-31
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# Accounting methods and rules #### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended. The general principles of accounting apply: - a true and fair view, comparability, going concern, - lawfulness and fairness, - prudence, - consistent practice from one financial y...
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[ "# Accounting methods and rules", "#### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended.", "The general principles of accounting apply:", "- a true and fair view, comparability, going concern,", "- lawfulness and fairness,", "- prudence,", "- consi...
[ "# Accounting methods and rules", "#### The annual financial statements are drawn up in the form required by ANC Regulation 2014-01, as amended.", "The general principles of accounting apply:", "- a true and fair view, comparability, going concern,", "- lawfulness and fairness,", "- prudence,", "- consi...
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### ANGEWANDTE STRATEGIEN Der Fonds weist ein Exposure in Höhe von mindestens 60% seines Nettovermögens in Aktienmärkten auf, wobei es keine Vorgaben im Hinblick auf die geografische Region oder die Art der Kapitalisierung gibt. Gleichzeitig kann er in Höhe von bis zu 40% in Anleihen, handelbaren Forderungspapieren und...
2020-12-31
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### STRATEGIES USED At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation. Up to 40% may be invested in bonds, negotiable debt securities and money market instruments. At least two thirds of the issuers of equities and bonds held by the fund have ...
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[ "### STRATEGIES USED", "At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation.", "Up to 40% may be invested in bonds, negotiable debt securities and money market instruments.", "At least two thirds of the issuers of equities and bonds he...
[ "### STRATEGIES USED", "At least 60% of the fund's net assets are exposed to equity markets, with no restriction on regions or types of capitalisation.", "Up to 40% may be invested in bonds, negotiable debt securities and money market instruments.", "At least two thirds of the issuers of equities and bonds he...
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#### Der Fonds kann sein Exposure am Währungsmarkt in Höhe von bis zu 100% des Nettovermögens beliebig variieren. Die Umsetzung der Anlagestrategie erfolgt über ein Portfolio aus physischen Wertpapieren und den Einsatz von Derivaten auf den Aktien-, Devisen- und Zinsmärkten ohne Vorgaben für die Allokation im Hinblick ...
2020-12-31
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#### The fund is free to vary its foreign exchange market exposure within the limit of 100% of the net assets. The investment strategy is implemented through a portfolio of direct investments in securities in addition to equity, foreign exchange and fixed income derivatives, without restriction in terms of allocation b...
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[ "#### The fund is free to vary its foreign exchange market exposure within the limit of 100% of the net assets.", "The investment strategy is implemented through a portfolio of direct investments in securities in addition to equity, foreign exchange and fixed income derivatives, without restriction in terms of al...
[ "#### The fund is free to vary its foreign exchange market exposure within the limit of 100% of the net assets.", "The investment strategy is implemented through a portfolio of direct investments in securities in addition to equity, foreign exchange and fixed income derivatives, without restriction in terms of al...
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* Unsere Einschränkungen im Bereich Energie und Ethik spiegeln die Qualitätsnormen des belgischen SRI-Labels wider. 1 Unkonventionelle Energiequellen: Ölsand, Schieferöl, Schiefergas und Bohrungen in der Arktis. 2 Konventionelle Energiequellen: Erdöl und Erdgas. 3 Erneuerbare Energien: Biokraftstoff, Wind, Sonne, Welle...
2020-12-31
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*Our Energy and Ethics restrictions reflect the quality standards of Belgian SRI certification 1 Sources of non-conventional energy extraction: tar sands, shale, shale gas and drilling in the Arctic. 2 Sources of conventional energy extraction: oil and gas. 3 Renewable energies: biofuel, wind, solar, wave, geothermal, ...
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[ "*Our Energy and Ethics restrictions reflect the quality standards of Belgian SRI certification", "1 Sources of non-conventional energy extraction: tar sands, shale, shale gas and drilling in the Arctic.", "2 Sources of conventional energy extraction: oil and gas.", "3 Renewable energies: biofuel, wind, solar...
[ "*Our Energy and Ethics restrictions reflect the quality standards of Belgian SRI certification", "1 Sources of non-conventional energy extraction: tar sands, shale, shale gas and drilling in the Arctic.", "2 Sources of conventional energy extraction: oil and gas.", "3 Renewable energies: biofuel, wind, solar...
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###### Die Transaktionen werden bestimmt durch: - die Titelauswahl, die sich aus einer eingehenden Finanzanalyse der Gesellschaft, aus regelmäßigen Treffen mit dem Management und einer strengen Überwachung der Entwicklung des Unternehmens ergibt. Die berücksichtigten Kriterien können insbesondere die Wachstumsaussichte...
2019-12-31
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###### These investments are determined by: - The selection of securities, which results from an in-depth financial analysis of the company, regular meetings with the management, and close monitoring of business developments. The main criteria used are growth prospects, quality of management, yield and asset value. - A...
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[ "###### These investments are determined by:", "- The selection of securities, which results from an in-depth financial analysis of the company, regular meetings with the management, and close monitoring of business developments.", "The main criteria used are growth prospects, quality of management, yield and a...
[ "###### These investments are determined by:", "- The selection of securities, which results from an in-depth financial analysis of the company, regular meetings with the management, and close monitoring of business developments.", "The main criteria used are growth prospects, quality of management, yield and a...
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###### Der Fonds kann zudem in Zinsprodukte ohne Rating investieren: In diesem Fall kann die Gesellschaft ihre eigene Analyse und Bewertung der Bonität vornehmen. Schließlich kann der Fonds bis zur Höhe von 10% des Vermögens in Verbriefungsinstrumente investieren. Bei den betreffenden Instrumenten handelt es sich insbe...
2019-12-31
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###### The fund may also invest in unrated fixed income products: in this case, the company carries out its own analysis and assessment of creditworthiness. Lastly, up to 10% of the fund's assets may be invested in securitisation instruments. The instruments concerned are mainly Asset-Backed Securities (ABS), Enhanced ...
105,194
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[ "###### The fund may also invest in unrated fixed income products: in this case, the company carries out its own analysis and assessment of creditworthiness.", "Lastly, up to 10% of the fund's assets may be invested in securitisation instruments.", "The instruments concerned are mainly Asset-Backed Securities (...
[ "###### The fund may also invest in unrated fixed income products: in this case, the company carries out its own analysis and assessment of creditworthiness.", "Lastly, up to 10% of the fund's assets may be invested in securitisation instruments.", "The instruments concerned are mainly Asset-Backed Securities (...
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- Exposure Basiswerte, das mit Derivaten erzielt wurde: 780.633.310,54 - Devisentermingeschäfte: 262.271.276,65 - Futures: 315.402.723,15 - Optionen: 30.917.936,02 - ###### CFD: 172.041.374,72
2019-12-31
ENDE
- Exposure to underlying instruments achieved through financial derivatives: 780,633,310.54 - Forward exchange contracts: 262,271,276.65 - Futures: 315,402,723.15 - Options: 30,917,936.02 - CFDs: 172,041,374.72
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[ "- Exposure to underlying instruments achieved through financial derivatives: 780,633,310.54", "- Forward exchange contracts: 262,271,276.65", "- Futures: 315,402,723.15", "- Options: 30,917,936.02", "- CFDs: 172,041,374.72" ]
[ "- Exposure to underlying instruments achieved through financial derivatives: 780,633,310.54", "- Forward exchange contracts: 262,271,276.65", "- Futures: 315,402,723.15", "- Options: 30,917,936.02", "- CFDs: 172,041,374.72" ]
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# Anlagepolitik Niedrigeres Risiko Höheres Risiko | 1 | 2 | 3 | 4* | 5 | 6 | 7 | | --- | --- | --- | --- | --- | --- | --- | Erläuterungen zur Verwaltung Empfohlene Mindestanlagedauer: 2021 verzeichnete der Carmignac Patrimoine (Anteil A EUR acc – FR0010135103) einen Rückgang von -0,88%, gegenüber +13,34% für seinen R...
2021-12-31
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# Investment policy Lower risk Higher risk | 1 | 2 | 3 | 4* | 5 | 6 | 7 | | --- | --- | --- | --- | --- | --- | --- | Fund commentary Minimum recommended investment period: Carmignac Patrimoine (A EUR Acc units - FR0010135103) delivered a performance of -0.88% in 2021, compared with +13.34% for its reference indicator...
105,196
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[ "# Investment policy", "Lower risk\tHigher risk", "| 1 | 2 | 3 | 4* | 5 | 6 | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Fund commentary", "Minimum recommended investment period:", "Carmignac Patrimoine (A EUR Acc units - FR0010135103) delivered a performance of -0.88% in 2021, compared with"...
[ "# Investment policy", "Lower risk\tHigher risk", "| 1 | 2 | 3 | 4* | 5 | 6 | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Fund commentary", "Minimum recommended investment period:", "Carmignac Patrimoine (A EUR Acc units - FR0010135103) delivered a performance of -0.88% in 2021, compared with"...
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###### Zudem strebt der Fonds an, nachhaltig zu investieren, und wendet einen sozial verantwortlichen Anlageansatz an. Die Modalitäten des sozial verantwortlichen Anlageansatzes sind im nachstehenden Abschnitt „Nicht- finanzbezogene Merkmale“ beschrieben und stehen auf der Website www.carmignac.com und unter https://ww...
2021-12-31
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###### The fund seeks to invest sustainably and applies a socially responsible investment approach. The ways in which the socially responsible investment approach is followed are described in the extra-financial characteristics section below, and can be found on www.carmignac.com and https://www.carmignac.fr/fr_FR/nous...
105,197
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[ "###### The fund seeks to invest sustainably and applies a socially responsible investment approach.", "The ways in which the socially responsible investment approach is followed are described in the extra-financial characteristics section below, and can be found on www.carmignac.com and https://www.carmignac.fr/...
[ "###### The fund seeks to invest sustainably and applies a socially responsible investment approach.", "The ways in which the socially responsible investment approach is followed are described in the extra-financial characteristics section below, and can be found on www.carmignac.com and https://www.carmignac.fr/...
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- Exposure Basiswerte, das mit Derivaten erzielt wurde: 9.989.845.341,84 - Devisentermingeschäfte: 4.063.203.860,08 - Future: 5.707.994.297,78 - Optionen: 22.580.844,25 - CDS 39.570.875,82 - CFD: 50.945.276,09 - Swap: 105.550.187,72
2021-12-31
ENDE
- Exposure to underlying instruments achieved through financial derivatives: 9,989,845,341.84 - Forward exchange contracts: 4,063,203,860.08 - Futures: 5,707,994,297.78 - Options: 22,580,844.25 - CDS: 39,570,875.82 - CFD: 50,945,276.09 - Swap: 105,550,187.72
105,198
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[ "- Exposure to underlying instruments achieved through financial derivatives: 9,989,845,341.84", "- Forward exchange contracts: 4,063,203,860.08", "- Futures: 5,707,994,297.78", "- Options: 22,580,844.25", "- CDS: 39,570,875.82", "- CFD: 50,945,276.09", "- Swap: 105,550,187.72" ]
[ "- Exposure to underlying instruments achieved through financial derivatives: 9,989,845,341.84", "- Forward exchange contracts: 4,063,203,860.08", "- Futures: 5,707,994,297.78", "- Options: 22,580,844.25", "- CDS: 39,570,875.82", "- CFD: 50,945,276.09", "- Swap: 105,550,187.72" ]
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Die Erfassung der Erträge aus festverzinslichen Wertpapieren erfolgt nach der Methode der aufgelaufenen Zinsen. Wertpapierzu- und -abgänge werden ohne Kosten verbucht. Die Rechnungswährung des Portfolios ist der Euro. Das Geschäftsjahr beträgt 12 Monate. Informationen zu den Auswirkungen der COVID-19-Krise Der Jahresab...
2021-12-31
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Income from fixed income securities is recorded on the basis of accrued interest. Purchases and sales of securities are recorded exclusive of costs. The accounting currency of the portfolio is the euro. There are 12 months in the financial year. Information on the impact of the COVID-19 crisis The accounts have been pr...
105,199
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[ "Income from fixed income securities is recorded on the basis of accrued interest.", "Purchases and sales of securities are recorded exclusive of costs.", "The accounting currency of the portfolio is the euro.", "There are 12 months in the financial year.", "Information on the impact of the COVID-19 crisis"...
[ "Income from fixed income securities is recorded on the basis of accrued interest.", "Purchases and sales of securities are recorded exclusive of costs.", "The accounting currency of the portfolio is the euro.", "There are 12 months in the financial year.", "Information on the impact of the COVID-19 crisis"...
Die Erfassung der Erträge aus festverzinslichen Wertpapieren erfolgt nach der Methode der aufgelaufenen Zinsen . Wertpapierzu - und - abgänge werden ohne Kosten verbucht . Die Rechnungswährung des Portfolios ist der Euro . Das Geschäftsjahr beträgt 12 Monate . Informationen zu den Auswirkungen der COVID-19 - Krise Der ...
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# Anlagepolitik Niedrigeres Risiko Höheres Risiko | 1 | 2 | 3 | 4* | 5* | 6 | 7 | | --- | --- | --- | --- | --- | --- | --- | Empfohlene Mindestanlagedauer: ### Erläuterungen zur Verwaltung Dieses Jahr war insgesamt sehr schwierig. Es gab viele Volatilitätsspitzen, Sektor- und Faktorrotationen, und wir sind der Ansic...
2021-12-31
ENDE
# Investment policy Lower risk Higher risk | 1 | 2 | 3 | 4* | 5* | 6 | 7 | | --- | --- | --- | --- | --- | --- | --- | Minimum recommended investment period: ## Fund commentary The year was a very difficult one overall, with numerous volatility spikes, sector rotations and factor rotations. We believe that our stock ...
105,200
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[ "# Investment policy", "Lower risk\tHigher risk", "| 1 | 2 | 3 | 4* | 5* | 6 | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "## Fund commentary", "The year was a very difficult one overall, with numerous volatility spikes, sector rotations and factor rot...
[ "# Investment policy", "Lower risk\tHigher risk", "| 1 | 2 | 3 | 4* | 5* | 6 | 7 |", "| --- | --- | --- | --- | --- | --- | --- |", "Minimum recommended investment period:", "## Fund commentary", "The year was a very difficult one overall, with numerous volatility spikes, sector rotations and factor rot...
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