Fixed income strategies
Carmignac Portfolio Credit
Share Class
LU1932489690
Risk Indicator
2 / 7
Recommended Minimum Investment Horizon
3 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
From 31/12/2018
To 01/09/2026
+ 56.7 %
-
+ 12.8 %
+ 23.9 %
+ 2.1 %
Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024Calendar Year Performance 2025
-
-
-
+ 20.9 %
+ 10.8 %
+ 3.4 %
- 12.7 %
+ 10.9 %
+ 8.6 %
+ 7.0 %
Net Asset Value
€156.67
Asset Under Management
3 104 M €
Yield to Maturity31/07/2026
5.8%
SFDR - Fund Classification
Article 6
Performance Overview
Find out about historical performance, volatility and all the performance measures that will enable you to assess the Fund's past performance.
Carmignac Portfolio Credit fund performance
Fund performance vs. reference indicator (basis 100 - net of fees)
Data as of: Sep 2, 2026.Calendar Year Performance (as %)
Calendar Year Performance (as %)
Data as of: Aug 31, 2026.- Carmignac Portfolio Credit - F EUR Acc
- Reference Indicator: 75% ICE BofA Euro Corporate index + 25% ICE BofA Euro High Yield index. Quarterly rebalanced.
| Carmignac Portfolio Credit F EUR Acc | +0.7% | −0.2% | −0.3% | +2.1% | +24.0% | +13.0% | - |
| Reference Indicator | +0.6% | −0.1% | −0.4% | +1.3% | +15.5% | +2.8% | - |
| Category Average | +0.4% | −0.7% | +0.5% | +1.2% | +11.9% | +4.2% | - |
| Ranking (quartile) | 2 | 2 | 2 | 1 | 1 | 1 | - |
Source: Carmignac at 31/08/2026.
Statistics (%)
These measures are used to assess a Fund's risk-adjusted performance. A well-performing Fund should ideally have a solid return (measured by the Sharpe ratio and alpha) relative to its risk (measured by volatility), while being well aligned with market expectations (measured by beta relative to the reference indicator).
Volatility
Data as of: Jul 31, 2026.| Fund | +2.7 | +3.9 | +5.9 |
| Reference Indicator | +2.8 | +4.0 | +4.5 |
Calculation : Weekly basis
Ratio
Data as of: Jul 31, 2026.| Sharpe Ratio | +1.8 | +0.1 | +0.8 |
| Beta | +0.8 | +0.6 | +1.0 |
| Alpha | +0.1 | +0.0 | +0.1 |
Calculation : Weekly basis
Reference indicator: 75% ICE BofA Euro Corporate index + 25% ICE BofA Euro High Yield index. Quarterly rebalanced.
Source: Carmignac at Jul 31, 2026.
Monthly Gross Performance Contribution
The contribution to performance demonstrates the different sources of returns. The sum of these elements is equal to the performance before the deduction of management fees applicable to the portfolio for the period in question. Fees payable for the period account for the difference between the gross performance and the net performance.
Monthly Gross Performance Contribution
Data as of: Jul 31, 2026.Equity portfolio+0.1%
Bond Portfolio−1.0%
Bond derivatives+0.1%
Currency Derivatives+0.1%
Mutual fund+0.0%
Total−0.8%
Performance scenarios
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. This table shows the money you could get back over the next 3 years, under different scenarios, assuming that you invest 10 000 €.
Performance scenarios
Data as of: Jul 2026.Scenarios
If you exit after 1 year
If you exit after 3 years
Stress
What you might get back after costs
Average return each year
€ 6590
−34.13%
€ 7350
−9.77%
Unfavourable
What you might get back after costs
Average return each year
€ 8390
−16.07%
€ 9700
−1.02%
Moderate
What you might get back after costs
Average return each year
€ 10590
+5.89%
€ 12440
+7.54%
Favourable
What you might get back after costs
Average return each year
€ 12920
+29.21%
€ 13980
+11.81%
The unfavourable scenario occurred for an investment between 10/2019 and 10/2022.
The moderate scenario occurred for an investment between 07/2023 and 07/2026.
The favourable scenario occurred for an investment between 06/2018 and 06/2021.
Source: Carmignac at Jul 31, 2026.
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UAE DIFC and ADGM: for professional clients only. This document is issued by, or communicated on behalf of, Carmignac Middle East Ltd, a company incorporated under the laws of the Dubai International Financial Centre with company number CL 13413 registered at GD-PB-04-01-OF-01-0, Level 1, DIFC Fund Centre, Level POD, Gate District Precinct Building 04, Dubai International Financial Centre, Dubai, United Arab Emirates and regulated by the Dubai Financial Services Authority under reference number F013638.
This document is intended solely for Professional Clients and Market Counterparties, as defined under the applicable rules of the Dubai Financial Services Authority (?DFSA?). It must not be relied upon by, or distributed to, Retail Clients or any other person.
The fund(s) referred to in this document are foreign fund(s) domiciled and regulated in Luxembourg by the Commission de Surveillance du Secteur Financier (?CSSF?). Unless expressly stated otherwise, they are not domiciled in, authorised by, or subject to regulation or approval by the DFSA. The DFSA has not approved, reviewed or verified this document, the prospectus or any other fund documentation, and the authority does not accept responsibility for the information contained in them or for the merits of an investment in the fund(s).
Funds classified as Article [8/9] products under the EU Sustainable Finance Disclosure Regulation (?SFDR?) are subject to an EU classification only, and does not represent a label, approval or endorsement by the Dubai Financial Services Authority or any UAE authority. Funds that pursue ESG related objectives alongside financial objectives do so without any guarantee that such ESG objectives will be achieved. ESG data and indicators may be based on third party sources, estimates and evolving methodologies and should not be viewed as a precise or comprehensive measure of sustainability performance.
The fund(s) may be subject to investment, market, liquidity, currency, credit, counterparty, concentration and other risks as described in the applicable offering documents. Prospective investors should conduct their own due diligence and carefully consider the risks, investment objectives, costs and suitability of an investment before making any decision.
This document is intended solely for Professional Clients and Market Counterparties, as defined under the applicable rules of the Dubai Financial Services Authority (?DFSA?). It must not be relied upon by, or distributed to, Retail Clients or any other person.
The fund(s) referred to in this document are foreign fund(s) domiciled and regulated in Luxembourg by the Commission de Surveillance du Secteur Financier (?CSSF?). Unless expressly stated otherwise, they are not domiciled in, authorised by, or subject to regulation or approval by the DFSA. The DFSA has not approved, reviewed or verified this document, the prospectus or any other fund documentation, and the authority does not accept responsibility for the information contained in them or for the merits of an investment in the fund(s).
Funds classified as Article [8/9] products under the EU Sustainable Finance Disclosure Regulation (?SFDR?) are subject to an EU classification only, and does not represent a label, approval or endorsement by the Dubai Financial Services Authority or any UAE authority. Funds that pursue ESG related objectives alongside financial objectives do so without any guarantee that such ESG objectives will be achieved. ESG data and indicators may be based on third party sources, estimates and evolving methodologies and should not be viewed as a precise or comprehensive measure of sustainability performance.
The fund(s) may be subject to investment, market, liquidity, currency, credit, counterparty, concentration and other risks as described in the applicable offering documents. Prospective investors should conduct their own due diligence and carefully consider the risks, investment objectives, costs and suitability of an investment before making any decision.