Carmignac Portfolio Absolute Return Europe

Share Class

F GBP Acc Hdg • LU2923680461

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 29/11/2024 To 14/04/2026

+ 2.4 %

+ 5.4 %

Calendar 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 2024Calendar Year Performance 2025

+ 0.4 %

+ 1.4 %

Net Asset Value

102.42 £

Asset Under Management

50 M €

Net Equity Exposure31/03/2026

16.7 %

SFDR - Fund Classification

Article 8

Data as of: 14 Apr 2026.

Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.

The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.

Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.

Alternative strategiesCarmignac Portfolio Absolute Return Europe

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.

Key figures

Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.

Exposure Data

Data as of: 31 Mar 2026.

Equity Investment Weight55.2 %

Net Equity Exposure16.7 %

Number of Equity Issuers50

Active Share55.5 %

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Equity Exposure

The chart displays the proportion of the Fund's assets invested in equities and how this exposure has changed over time. It enables investors to understand the level of risk associated with the Fund and whether the asset allocation is in line with the Fund’s risk framework.

Equity Exposure (% of total AUM)

Data as of: 31 Mar 2026.

Equity Investment Rate

Equity Exposure

Equity Derivatives

This table lists all the equity derivatives in the portfolio. It shows the underlying assets to which the fund is exposed and the fund's position (long or short) on each of these underlyings.

Equity Derivatives

Data as of: 10 Apr 2026.


Equity derivatives
ESTX BNK € PR
EURO STOXX 50 PR
STXE 600 € PR
STXE 600 IG&S € PR

Total (Long + Short)

-53.6 %

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Quarterly Holdings

Discover all the financial assets held by the Fund to achieve its investment objectives.

Quarterly Holdings

Data as of: 31 Mar 2026.


ADYEN NVNL0012969182	Equities	NL	Financials	6.24%
ALPHA BANK SAGRS830003000	Equities	GR	Financials	0.40%
ANHEUSER-BUSCH INBEV SA/NVBE0974293251	Equities	BE	Consumer Staples	0.45%
ASKER HEALTHCARE GROUP ABSE0024171458	Equities	SE	Healthcare	0.30%
ASM INTERNATIONAL NVNL0000334118	Equities	NL	Information Technology	0.97%
ASR NEDERLAND NVNL0011872643	Equities	NL	Financials	2.41%
AUMOVIO SEDE000AUM0V10	Equities	DE	Consumer Discretionary	0.48%
BANCO SANTANDER SAES0113900J37	Equities	ES	Financials	1.12%
BAWAG GROUP AGAT0000BAWAG2	Equities	AT	Financials	0.75%
BAYER AGDE000BAY0017	Equities	DE	Healthcare	4.45%
BPER BANCA SPAIT0000066123	Equities	IT	Financials	1.05%
BRENNTAG SEDE000A1DAHH0	Equities	DE	Industrials	0.24%
CAPGEMINI SEFR0000125338	Equities	FR	Information Technology	0.31%
CARMIGNAC COURT TERMEFR0010149161	Money Market	FR		8.76%
Cash, Cash Equivalents and Derivatives OperationsCASH	Cash, Cash Equivalents and Derivatives Operations			13.07%
CIE DE SAINT-GOBAIN SAFR0000125007	Equities	FR	Industrials	0.51%
DELIVERY HERO SEDE000A2E4K43	Equities	DE	Consumer Discretionary	3.81%
DSV A/SDK0060079531	Equities	DK	Industrials	1.41%
E.ON SEDE000ENAG999	Equities	DE	Utilities	1.04%
ERSTE GROUP BANK AGAT0000652011	Equities	AT	Financials	1.03%
FLATEXDEGIRO SEDE000FTG1111	Equities	DE	Financials	0.82%
FRANCE 10/06/2026CASH	Money Market	FR	Financials	10.77%
FRANCE 12/08/2026CASH	Money Market	FR	Financials	3.01%
FRANCE 13/05/2026CASH	Money Market	FR	Financials	3.10%
FRAPORT AG FRANKFURT AIRPORT SERVICES WORLDWIDEDE0005773303	Equities	DE	Industrials	3.02%
FRESENIUS SE & CO KGAADE0005785604	Equities	DE	Healthcare	3.42%
GALDERMA GROUP AGCH1335392721	Equities	CH	Healthcare	1.41%
GENERALIIT0000062072	Equities	IT	Financials	1.01%
HEIDELBERG MATERIALS AGDE0006047004	Equities	DE	Materials	0.47%
INDRA SISTEMAS SAES0118594417	Equities	ES	Information Technology	0.91%
INFORMA PLCGB00BMJ6DW54	Equities	GB	Communication Services	0.14%
ITALY 12/06/2026CASH	Money Market	IT	Industrials	3.05%
MEDIOBANCA BANCA DI CREDITO FINANZIARIO SPAIT0000062957	Equities	IT	Financials	0.96%
MICROSOFT CORPUS5949181045	Equities	US	Information Technology	0.70%
MONCLER SPAIT0004965148	Equities	IT	Consumer Discretionary	1.09%
NEXANS SAFR0000044448	Equities	FR	Industrials	0.63%
NOBA BANK GROUP ABSE0023135298	Equities	SE	Financials	0.39%
NOKIA OYJFI0009000681	Equities	FI	Information Technology	0.71%
NORDEX SEDE000A0D6554	Equities	DE	Industrials	0.42%
NOVONESIS NOVOZYMES BDK0060336014	Equities	DK	Materials	0.95%
NVIDIA CORPUS67066G1040	Equities	US	Information Technology	1.26%
PIRAEUS BANK SAGRS831003009	Equities	GR	Financials	0.69%
PRADA SPAIT0003874101	Equities	IT	Consumer Discretionary	0.43%
PROSUS NVNL0013654783	Equities	CN	Consumer Discretionary	0.48%
PUBLIC POWER CORP SAGRS434003000	Equities	GR	Utilities	1.20%
RELX PLCGB00B2B0DG97	Equities	GB	Industrials	0.72%
SAMSUNG ELECTRONICS CO LTDUS7960508882	Equities	KR	Information Technology	0.20%
SCHNEIDER ELECTRIC SEFR0000121972	Equities	FR	Industrials	1.31%
SIEMENS ENERGY AGDE000ENER6Y0	Equities	DE	Industrials	1.26%
SOCIETE GENERALE SAFR0000130809	Equities	FR	Financials	0.49%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDUS8740391003	Equities	TW	Information Technology	0.82%
TROAX GROUP ABSE0012729366	Equities	SE	Industrials	0.21%
UCB SABE0003739530	Equities	BE	Healthcare	0.53%
UNITED STATES 30/04/2026CASH	Money Market	US		3.01%
VESTAS WIND SYSTEMS A/SDK0061539921	Equities	DK	Industrials	1.34%
VITEC SOFTWARE GROUP AB-B SHSE0007871363	Equities	SE	Information Technology	0.08%
ZEGONA COMMUNICATIONS PLCGB00BVGBY890	Equities	GB	Communication Services	0.20%

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Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.

The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.

Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.

The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.