Carmignac Gestion
MAY 2015
Recommended
minimum investment
horizon:
Risk scale *
1
2
3
4
5
6
7
French mutual fund (FCP)
E. Carmignac
R. Ouahba
A leading fund offering responsiveness and performance
Conviction-based management.
For over 25 years, Carmignac
Patrimoine has been drawing on
all of our expertise in international
equity and bond management.
A vast investment universe offering performance opportunities.
High responsiveness enabling significant market movements to be
exploited.
Long-term thematic approach with short-term tactical flexibility.
3 genuine performance drivers
International
equities
Global stock-picking to tap into the
potential of our long-term investment
themes.
International
bonds
At least 50% of assets are invested in
bonds. Modified duration may vary
from -4 to +10.
Currencies
Currency exposure levels reflect
managers’ convictions.
An experienced and harmonious team
Since its inception, Carmignac Patrimoine has enjoyed the expertise of the same
manager, Edouard Carmignac, who draws on Rose Ouahba’s 19 years of
experience in the area of bond management. Through daily discussions, they
benefit from the expertise of the entire management team.
* Risk scale from 1 (lowest risk) to 7 (highest risk), category 1 does not mean the investment is risk free. This indicator may change over time.
Version 29/05/2015 - Carmignac Gestion - Carmignac Patrimoine
3
years
Performance of the fund since 10 years
250
Carmignac Patrimoine A EUR acc
217
200
Reference indicator¹
182
150
100
50
05/05
05/06
05/07
05/08
05/09
05/10
05/11
05/12
05/13
05/14
05/15
Cumulative performance (%)
Annualised performances (%)
1 year
3 years
5 years
10 years
3 years
5 years
10 years
Carmignac Patrimoine A EUR acc
18.93
22.68
29.13
116.73
7.06
5.25
8.04
Reference indicator¹
22.43
36.10
50.91
81.69
10.84
8.58
6.15
Main risks and advantages
RISKS
BENEFITS
Equity: the net asset value of the Fund may decrease in the event of a
variation on the equity markets.
A leading fund recognised for its responsiveness and track record.
An active, non-benchmarked fund seizing opportunities in equity and
fixed income markets around the world.
Interest rate risk: Interest rate risk results in a decline in the net asset value
in the event of a variation in interest rates.
Credit: Credit risk is the risk that the issuer may default.
A team recognised for its bold, independent approach with more than
25 years of experience in both bond and equity markets.
Currency: currency risk is linked to exposure to a currency other than the
Fund’s valuation currency.
A proven track record going back 25 years with the same manager,
Edouard Carmignac.
The Fund's capital is not guaranteed
Macroeconomic analysis combined with our long-term convictions.
Characteristics
Shares
A EUR acc
Date of 1st
NAV
07/11/1989
Legal form
FCP (French Mutual
fund)
Bloomberg code
ISIN code
Currency
Dividend policy
Fixed management
fee
Variable management fee
Maximum
subscription fee²
CARMPAT FP
FR0010135103
EUR
Accumulation
1.5 %
10% of the outperformance of
the Fund *
4 % max
* relative to its reference indicator in the case of a positive performance
Source : Carmignac at 29/05/2015. © 2015 Morningstar, Inc - All rights reserved.
1 Reference indicator: 50% MSCI AC World NR (Eur) + 50% Citigroup WGBI (Eur). Quarterly Rebalanced..
From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested.
2 Subscription fee payable to the distributors. F-Definition: F is a rebate free share class.
Past performance is not necessarily indicative of future performance. All performance takes into account management fees.
This document may not be reproduced, disseminated or communicated, in whole or in part, without prior authorisation from the management company. This document does not constitute a subscription offer, nor does it constitute investment
advice. The information contained in this document may be partial information, and may be modified without prior notice.
Access to the Fund may be subject to restrictions with regard to certain persons or countries. The Fund may not be offered or sold, directly or indirectly, for the benefit or on behalf of a "U.S. person", according to the definition of the US
Regulation S and/or FATCA.
The Fund presents a risk of loss of capital. The risks and fees are described in the KIID (Key Investor Information Document). The Fund's prospectus, KIIDs and annual reports are available at www.carmignac.se, or upon request to the
Management Company. The KIID must be made available to the subscriber prior to subscription.
CARMIGNAC GESTION
24, place Vendôme - 75001 Paris
Tél : (+33) 01 42 86 53 35 - Fax : (+33) 01 42 86 52 10
Portfolio management company (AMF agreement n° GP 97-08 of 13/03/1997). Public limited company with share capital of € 15,000,000 - RCS Paris B 349 501
676