Carmignac Sécurité: Performance analysis
Carmignac Sécurité's performance since the beginning of the year can easily be divided into three distinct phases
2022 Performance
Source: Carmignac, 30/06/2022. Reference indicator : ICE BofA ML 1-3 Year All Euro Government Index (coupons reinvested). The reference indicator changed on the 02/01/2021 to ICE BofA ML 1-3 Y Euro All Government Index (EUR) before it was the EuroMTS 1-3 years index (EUR). Past performance is not necessarily indicative of future performance. The return may increase or decrease as a result of currency fluctuations. Performances are net of fees (excluding possible entrance fees charged by the distributor).
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1
The Fund was mainly penalized by the brutal devaluation of its Russian bond complex.
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2
During the following three months, the Fund demonstrated a certain resilience, posting a positive performance in a context of sharply rising rates in Europe and the United States.
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3
Finally, from mid-June onwards, the situation on the interest rate markets completely reversed, with fears of a recession causing rates to fall, impacting our interest rate short positions while credit spreads continued to rise.
With a Yield of c. 3.6%, the highest level in more than 10 years, centered around strong credit opportunities and a liquidity pocket of over 30% ready to be deployed at attractive yields, the fund has the levers to generate an attractive performance.
Carmignac Sécurité AW EUR Acc
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
2025 (YTD) ? Year to date |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Carmignac Sécurité AW EUR Acc | +1.12 % | +2.07 % | +0.04 % | -3.00 % | +3.57 % | +2.05 % | +0.22 % | -4.75 % | +4.06 % | +5.28 % | +1.29 % |
| Reference Indicator | +0.72 % | +0.30 % | -0.39 % | -0.29 % | +0.07 % | -0.15 % | -0.71 % | -4.82 % | +3.40 % | +3.16 % | +1.49 % |
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| 3 Years | 5 Years | 10 Years | |
|---|---|---|---|
| Carmignac Sécurité AW EUR Acc | +3.73 % | +2.05 % | +1.02 % |
| Reference Indicator | +1.67 % | +0.54 % | +0.20 % |
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Source: Carmignac at 30/05/2025
| Entry costs : | 1,00% of the amount 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 : | 1,11% of the value of your investment per year. This estimate is based on actual costs over the past year. |
| Performance fees : | There is no performance fee for this product. |
| Transaction Cost : | 0,14% of the value of your investment per year. 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. |
| Share | AW EUR Acc |
| Entry Fees | 1.00% |
| Exit Fees | 0.00% |
| Ongoing charges | 0.91% |
| Performance fees² | No |
| Max. subscription Fee³ | 1.00% |
(2) Ongoing charges are based on the expenses for the last financial year ended. They may vary from year to year and do not include performance fees or transaction costs. (3) Entry charges shown are the maximum applicable and are paid to distributors. No redemption fees.
Carmignac Sécurité AW EUR Acc
Recommended minimum investment horizon
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INTEREST RATE: Interest rate risk results in a decline in the net asset value in the event of changes in interest rates.
CREDIT: Credit risk is the risk that the issuer may default.
RISK OF CAPITAL LOSS: The portfolio does not guarantee or protect the capital invested. Capital loss occurs when a unit is sold at a lower price than that paid at the time of purchase.
CURRENCY: Currency risk is linked to exposure to a currency other than the Fund’s valuation currency, either through direct investment or the use of forward financial instruments.
The Fund presents a risk of loss of capital.