More than just a fund
Carmignac Portfolio Grandchildren is designed to cover several generations by investing in “quality companies”, i.e. those with sound finances and sustainable profitability. These companies often have less debt and high stable margins, making them more cash generative1. This allows them to reinvest internally and fuel innovation in order to create additional growth engines.
What do we mean by quality companies?
The Fund adopts a unique and robust investment process measuring quality through key metrics. Our selection process enables us to present a portfolio of 35-45 convictions from an investment universe of 1,500 stocks. An important asset of our approach is also the optimisation of market cyclicality, which is achieved via an active management of position sizing.
A fund for future generations
Studies shows that wealth transferred through 2045 will total USD 84.4 trillion—with USD 72.6 trillion in assets transferred to heirs, while USD 11.9 trillion will be donated to charities.
The “quality companies” in which we invest have been chosen due to their true long-term growth potential. By investing in such companies, Carmignac Portfolio Grandchildren aims to achieve long-term outcomes and therefore build a legacy not only for the investors themselves, but also one that can be passed on from generation to generation.
With this objective of transmission through the generations, we are convinced that, as investors, it is our responsibility to create value for our clients through a sustainable approach, and to preserve our world for future generations. We strive to identify firms generating positive change based on the Sustainable Development Goals (SDGs) defined by the United Nations. At Carmignac, we identify nine of the SDGs as ‘investable’, which means that companies in which our funds can invest are able to support the progress towards these goals through their products and services. In this sense, Carmignac Portfolio Grandchildren has a sustainable objective: more than 50% of the fund’s AUM is invested in companies with over 50% of their revenues derived from goods and services positively aligned with at least one of the nine ‘investable’ SDGs investable by Carmignac: (1) No Poverty; (2) No Hunger; (3) Good Health and Well Being; (4) Quality Education; (6) Clean Water; (7) Affordable and Clean Energy; (9) Industry, Innovation and Infrastructure; (11) Sustainable Cities and Communities; and (12) Responsible Consumption and Production.
Quality drives innovation
Carmignac Portfolio Grandchildren picks “quality companies” that reinvest their profits for the future as they aim towards sustainable growth. We engage with companies to discuss their process on how they identify the emerging needs of their changing environment to adapt their strategy. Companies that strive to anticipate changes by investing in R&D will be able to offer consumers innovative products.
Focusing on companies that reinvest their profits, Carmignac Portfolio Grandchildren offers opportunity through businesses that we think could remain profitable by continuously adapting to its environment.
1Source: Carmignac, Bloomberg.
2Source: Cerulli, January 2022.
Invest in innovation that cares for the future
Carmignac Portfolio Grandchildren A EUR Acc
- Recommended minimum investment horizon
- 5 years
- Risk indicator*
- 4/7
- SFDR - Fund Classification**
- Article 9
*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Main risks of the fund
Fees
- Entry costs
- 4.00% 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
- 1.70% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Performance fees
- 20.00% when the share class overperforms the Reference indicator during the performance period. It will be payable also in case the share class has overperformed the reference indicator but had a negative performance. Underperformance is clawed back for 5 years. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
- Transaction Cost
- 0.28% 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.
Performance
| Carmignac Portfolio Grandchildren | 15.5 | 20.3 | 28.4 | -24.2 | 23.0 | 21.9 | -5.8 |
| Reference Indicator | 15.5 | 6.3 | 31.1 | -12.8 | 19.6 | 26.6 | 3.5 |
| Carmignac Portfolio Grandchildren | + 12.7 % | + 8.8 % | + 10.8 % |
| Reference Indicator | + 16.4 % | + 14.4 % | + 13.2 % |
Source: Carmignac at Sep 30, 2025.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Reference Indicator: MSCI World NR index
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Carmignac Investissement: Letter from the Fund Manager - Q2 2025
Carmignac Portfolio Grandchildren: Letter from the Fund Managers - Q2 2025
This material may not be reproduced, in whole or in part, without prior authorisation from the Management Company. This material does not constitute a subscription offer, nor does it constitute investment advice. This material is not intended to provide, and should not be relied on for, accounting, legal or tax advice. This material has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to herein or for any other purposes. The information contained in this material may be partial information and may be modified without prior notice. They are expressed as of the date of writing and are derived from proprietary and non-proprietary sources deemed by Carmignac to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Carmignac, its officers, employees or agents.
The recommended investment horizon is a minimum and not a recommendation to sell at the end of that period.
Access to the Funds may be subject to restrictions regarding certain persons or countries. This material is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the material or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not access this material. Taxation depends on the situation of the individual. The Funds are not registered for retail distribution in Asia, in Japan, in North America, nor are they registered in South America. Carmignac Funds are registered in Singapore as restricted foreign scheme (for professional clients only). The Funds have not been registered under the US Securities Act of 1933. The Funds may not be offered or sold, directly or indirectly, for the benefit or on behalf of a «U.S. person», according to the definition of the US Regulation S and FATCA. Company. The risks, fees and ongoing charges are described in the KIID (Key Investor Information Material). The KIID must be made available to the subscriber prior to subscription. The subscriber must read the KIID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Funds present a risk of loss of capital.
The Funds’ prospectus, KIIDs, NAV and annual reports are available at www.carmignac.com, or upon request to the Management. Investors have access to a summary of their rights in French, English, German, Dutch, Spanish, Italian at section 6 of "regulatory information page" on the following link :https://www.carmignac.com/en_US
Carmignac Portfolio refers to the sub-funds of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive. The Management Company can cease promotion in your country anytime.
UK:This document was prepared by Carmignac Gestion and/or Carmignac Gestion Luxembourg and is being distributed in the UK by Carmignac Gestion Luxembourg UK Branch (Registered in England and Wales with number FC031103, CSSF agreement of 10/06/2013).
In Switzerland: the prospectus, KIIDs and annual report are available at www.carmignac.ch, or through our representative in Switzerland, CACEIS (Switzerland), S.A., Route de Signy 35, CH-1260 Nyon. The paying agent is CACEIS Bank, Paris, succursale de Nyon/Suisse, Route de Signy 35, 1260 Nyon.
Copyright: The data published in this presentation are the exclusive property of their owners, as mentioned on each page.
CARMIGNAC GESTION 24, place Vendôme - F-75001 Paris - Tél : (+33) 01 42 86 53 35
Investment management company approved by the AMF
Public limited company with share capital of € 15,000,000 - RCS Paris B 349 501 676
CARMIGNAC GESTION Luxembourg - City Link - 7, rue de la Chapelle - L-1325 Luxembourg - Tel : (+352) 46 70 60 1
Subsidiary of Carmignac Gestion - Investment fund management company approved by the CSSF
Public limited company with share capital of € 23,000,000 - RC Luxembourg B 67 549