Share Class
FR001400KAV4
Investing in credit markets with visibility and diversification
- A buy-and-hold strategy running until 2029, combining visibility with a target performance objective.*
- A conviction-based investment process to build a diversified portfolio of credit securities rated investment grade on average.
- Risks that diminish over time and that are managed rigorously, given the target maturity and systematic hedging of currency risk.
Key documents
Asset Allocation
Bonds98.1 %
Other1.9 %
Data as of: 29 Aug 2025.
Risk Indicator
1
2
3
4
5
6
7
Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 18.2 %
-
-
-
+ 5.7 %
To 25/09/2025
Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024
-
-
-
-
-
-
-
-
+ 5.3 %
+ 8.0 %
Net Asset Value
118.23 €
Asset Under Management
1 494 M €
Yield to Maturity29/08/2025
4.7 %
SFDR - Fund Classification
Article
8
Data as of: 29 Aug 2025.
Data as of: 25 Sep 2025.
Carmignac Credit 2029 fund performance
Fund performance vs. reference indicator (basis 100 - net of fees)
Data as of: 28 Sep 2025.Carmignac Credit 2029 Portfolio overview
Below is an overview of the composition of the portfolio.
Asset Allocation
Data as of: 29 Aug 2025.| Bonds | 98.1 % |
| Cash, Cash Equivalents and Derivatives Operations | 1.9 % |
To Access the weekly view
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and bond positioning.
Exposure Data
Data as of: 29 Aug 2025.Modified Duration3.2
Yield to Maturity4.7 %
Average Coupon5.0 %
Number of Issuers250
Number of Bonds349
Average RatingBBB
Yield to Maturity (EUR): The Yield to Maturity (EUR) is the estimated annual rate of return in EUR expected on a bond if held until maturity and assuming all payments made as scheduled and reinvested at this rate. For perpetual bonds, the next call date is used for computation. Note that the yield shown does not take into account fees and expenses of the Fund. The portfolio’s YTM (EUR) is the weighted average individual bonds holdings' YTMs (EUR) within the portfolio.
To Access the weekly view
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Managers.
Fund Management Team
![[Management Team] [Author] Deneuville Alexandre](https://carmignac.imgix.net/uploads/NextImage/0001/18/%5BManagement-Team%5D-Deneuville-Alexandre.png?auto=format%2Ccompress&fit=fill&w=3840)
![[Management Team] [Author] Viros Florian](https://carmignac.imgix.net/uploads/NextImage/0001/18/%5BManagement-Team%5D-Viros-Floria.png?auto=format%2Ccompress&fit=fill&w=3840)
Our selective approach, as well as the team's expertise in the various segments of the credit universe, allows us to offer an alternative to traditional financial products, combining visibility and diversification.
![[Management Team] [Author] Verle Pierre](https://carmignac.imgix.net/uploads/NextImage/0001/18/%5BManagement-Team%5D-Verl%C3%A9-Pierre.png?auto=format%2Ccompress&fit=fill&w=3840)
Articles that may interest you
Fixed Income Strategy • 7 May 2025 • English
Annual Dividends Distribution 2024 - Carmignac Credit
1 minute(s) read
Fixed Income Strategy • 3 March 2025 • English
Fixed income target maturity funds: The story continues with Carmignac Credit 2031
Fixed Income Strategy • 3 March 2025 • English
Carmignac extends successful target maturity Fund range
1 minute(s) read
Did you enjoy the fund page?