Carmignac Multi Expertise

Share Class

A EUR Acc • FR0010149203

Risk Indicator

4 / 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 02/01/2002 To 26/09/2025

+ 115.8 %

+ 26.3 %

+ 12.3 %

+ 19.2 %

+ 4.5 %

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

- 4.4 %

+ 7.8 %

+ 4.0 %

- 4.5 %

+ 5.7 %

+ 9.5 %

0.0 %

- 11.9 %

+ 5.1 %

+ 9.9 %

Net Asset Value

215.75 €

Asset Under Management

219 M €

Net Equity Exposure29/08/2025

49.0 %

SFDR - Fund Classification

Article 8

Data as of: 26 Sep 2025.

Diversified strategiesCarmignac Multi Expertise

Portfolio Composition

Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.

Global Fund allocation

The global allocation details the distribution of investments between the different asset classes, such as equities, bonds, cash, etc. It provides an overview of the portfolio's composition and can be adjusted at any time according to market conditions.

Asset Allocation

Data as of: 29 Aug 2025.

Equity Strategies: 39.0 %

CARMIGNAC INVESTISSEMENT: 19.6 %

CARMIGNAC PORTFOLIO GRANDCHILDREN: 19.4 %

Fixed Income Strategies: 38.1 %

CARMIGNAC PORTFOLIO CREDIT: 19.3 %

CARMIGNAC PORTFOLIO GLOBAL BOND: 18.9 %

Alternative strategies: 20.8 %

CARMIGNAC PORTFOLIO MERGER ARBITRAGE PLUS: 10.6 %

CARMIGNAC ABSOLUTE RETURN EUROPE: 10.1 %

Cash, Cash Equivalents and Derivatives Operations: 2.2 %

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TOP 10 Fund Positions

The main positions of Fund are classified according to their weighting and expressed as a percentage of the Fund's total assets.

Top Ten

Data as of: 29 Aug 2025.


MICROSOFT CORP	USA	Information Technology	2.0%
AMAZON.COM INC	USA	Consumer Discretionary	1.9%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	Taiwan	Information Technology	1.9%
NVIDIA CORP	USA	Information Technology	1.8%
ALPHABET INC	USA	Communication Services	1.5%
ISHARES USD HIGH YIELD CORP BOND UCITS ETF	Ireland	High Yield	1.1%
UNITED STATES 0.12% 15/04/2026	USA	Investment Grade	1.1%
S&P GLOBAL INC	USA	Financials	1.1%
PRYSMIAN SPA	Italy	Industrials	1.0%
PROSUS NV	China	Consumer Discretionary	0.9%

Total

14.3 %

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Geographical Breakdown

The Fund’s exposure to specific country and region provides you with an insight on its diversification as well as the opportunities and risks involved. The geographic breakdown also provides an overview of the Fund's investment strategy and current positioning.

Geographical Breakdown

Data as of: 29 Aug 2025.


Europe	35.6 %	50.6 %	86.2 %
North America	50.1 %	7.7 %	57.8 %
Latin America	1.0 %	12.9 %	13.9 %
Eastern Europe	0.5 %	13.3 %	13.8 %
Asia	9.6 %	1.4 %	11.0 %
Africa	-	8.4 %	8.4 %
Middle East	0.1 %	5.2 %	5.3 %
Asia-Pacific	3.1 %	0.8 %	4.0 %
Supranational	-	0.3 %	0.3 %
Total	100.0 %	100.7 %

Europe86.2 %


Germany	9.0 %	1.2 %
Austria	0.2 %	0.9 %
Belgium	0.5 %	2.1 %
Denmark	2.8 %	0.3 %
Spain	-	5.3 %
Finland	0.3 %	0.6 %
France	6.2 %	7.6 %
Greece	0.4 %	2.1 %
Ireland	0.6 %	9.8 %
Italy	2.8 %	4.3 %
Norway	0.3 %	1.7 %
Netherlands	5.0 %	1.9 %
Portugal	0.2 %	1.1 %
United Kingdom	3.2 %	7.2 %
Sweden	1.2 %	2.4 %
Switzerland	3.0 %	2.1 %
Jersey	-	0.1 %
Luxembourg	-	0.1 %

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Net Currency Exposure

This illustration provides information on the currencies in which the Fund is exposed. This information helps to understand how changes in exchange rates can affect the Fund's performance. It provides information on both the Fund's investment strategy and its current positioning.