Carmignac Credit 2029
FR001400M1O8
Carmignac Credit 2029 : Characteristics & Risks
Investment Universe and Objective
Carmignac Credit 2029 is a target maturity fixed income UCITS fund that follows a buy-and-hold strategy on credit markets. With a target performance objective, a predetermined maturity date, and a rigorous and diversified issuer selection, the Fund provides investors with visibility over their investment.
The Fund’s investment objective is to offer annualised performance, net of management fees, from the Fund’s inception on 20/10/2023 until its maturity on 28/02/2029, of over:
For A EUR Acc and A EUR Ydis units: 4,22%;
For F EUR Acc and F EUR Ydis units: 4,72%;
For AW EUR Acc and AW EUR Ydis units: 3.92%;
For FW EUR Acc and FW EUR Ydis units: 4.42%.
This performance, mainly generated through a bond buy & hold strategy, is expressed net of management fees, currency hedging fees, estimated defaults and potential capital losses made when reselling certain instruments prior to maturity. This objective is based on the market assumptions made by the manager when the Fund is launched, and only applies to subscriptions at this time. For subsequent subscriptions, performance will depend on market conditions at that time, which we cannot predict and which may therefore result in divergent performance. This objective does not constitute a promise of returns. Issuers' actual financial situation may be worse than expected and this may adversely affect the fund's performance.
Characteristics
- Management Company
- Carmignac Gestion S.A
- Legal Form
- French mutual fund (FCP)
- ISIN
- FR001400M1O8
- Bloomberg
- CARCRDA FP
- SFDR - Fund Classification
- Article 8
- Risk Indicator
1
2
3
4
5
6
7
Lowest risk Highest risk
- Recommended minimum investment horizon
- 5 years
- Management
- Fixed income strategies
- Reference Indicator
- -
- Morningstar Category
Morningstar Category - N.A.
- Date of 1st NAV
- 22/11/2023
- Base Currency
- EUR
- Share class AUM
- 2 M€ (16/01/26)
- Fund AUM
- 1 672 M€ / 1 938 M$
- Dividend Policy
- Distribution
- Capital Guarantee
- No
- NAV Frequency
- Subscribe to NAVs
- Order Placement Cut-Off Time
- Before 13:00 CET
- Distribution Frequency
- Yearly
- Date of the last dividend
- 30/04/2025
- Payment date of last dividend
- 14/05/2025
- Amount of the last dividend
- 2.70€
Fees
- Entry costs
- 1.00% One-time cost you pay in when entering this investment. This is the most you will be charged. Carmignac Gestion doesn't charge any entry fee. The person selling you the product will inform you of the actual charge.
- Exit costs
- We do not charge an exit fee for this product.
- Management fees and other administrative or operating costs
- 1.44% This estimate is based on actual costs over the past year.
- Transaction Cost
- 0.13% This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
- Performance fees
- There is no performance fee for this product.
Risks
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.
Liquidity- Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.
Discretionary Management- Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.
- The Fund presents a risk of loss of capital.
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