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Fixed income strategies

Carmignac Portfolio EM Debt

Share Class

LU2638444914

Fixed income strategiesCarmignac Portfolio EM Debt
Fixed income strategiesCarmignac Portfolio EM Debt
Share Class

LU2638444914

Overview

Characteristics & Risks

Performance

Portfolio

ESG

Documents

Carmignac Portfolio EM Debt ESG Breakdown

This section contains the information relating to the ESG breakdown of the Fund.

Carmignac Portfolio EM Debt ESG Breakdown

This financial product is classified Article 8 of the Sustainable Finance Disclosure Regulation (“SFDR”). The binding elements of the investment strategy used to select the investments to attain each of the environmental or social characteristics promoted by this financial product are :
  • A minimum of 10% of the Sub-Fund’s net assets are invested in emerging market sovereign or quasi sovereign debt issuers within the top quartile of the sustainability score distribution (≥2.8/5) or green, social, sustainable and sustainability-linked corporate or sovereign bonds;
  • Corporate bond Investment universe is actively reduced by at least 20%;
  • ESG analysis applied to at least 90% of issuers;
  • The minimum levels of sustainable investments with environmental and social objectives are respectively 1% and 1% of the Sub-Fund’s net assets;
  • The Sub-Fund will exclude sovereign debt with a score of 2.5/5 or below in the proprietary ESG sovereign model.
View all ESG documents

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (SDGS)

The graph illustrates the percentage of assets in the portfolio that are aligned with the United Nations Sustainable Development Goals. This enables us to measure the contribution of our investments to achieving these global objectives.

By promoting sustainable development, poverty reduction, environmental protection, health, education and many other areas, these investments go beyond traditional financial objectives by integrating social and environmental considerations into their management.

Alignment with the UN Sustainable Development Goals (% of Net Assets)

Data as of:  May 30, 2025.
Assets Aligned with SDGs
5.0 %
SDG Operational Alignement : SDG Operational Alignement
3.6 %
SDG 1 : No Poverty
0.7 %
SDG 9 : Industry, Innovation and Infrastructure
0.5 %
SDG 3 : Good Health and Well Being
0.3 %
Not in line with the United Nations Sustainable Development Goals (SDGs)
95 %
Total
5.0 %
United Nations Sustainable Development Goals (SDGs): SDG alignment is defined for each investment by meeting at least one of the following three thresholds. (i). Company derives at least 50% of its revenue from goods and services that are related to one of the following nine SDGs: (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, (12) Responsible Consumption and Production. (ii). Company invests at least 30% of its capital expenditure in business activities that are related to one of the aforementioned nine SDGs. (iii). Company achieves aligned status for operational alignment for at least three out of all seventeen of the SDGs and does not achieve misalignment for any SDG. Evidence is provided by the investee company’s policies, practices and targets addressing such SDGs. To find out more about the United Nations Sustainable Development Goals, please visit https://sdgs.un.org/goals.
Our outcomes framework

Top 5 ESG Breakdown

The Top 5 ESG ratings highlight the 5 positions with the best sustainable ratings among the fund's investments.

The Top 5 active weightings show the positions that have been overweighted relative to the benchmark, illustrated by their ESG ratings. This highlights the main divergences between the composition of the fund's portfolio and that of the benchmark.

Top 5 ESG Rated Portfolio Holdings

Data as of:  May 30, 2025.
Company
ING GROEP NV
MEDCO MAPLE TREE PTE LTD
BANCO MERCANTIL DEL NORTE SA GRAND CAYMAN BRANCH
BBVA MXICO SA INSTITUCIN DE BANCA MLTIPLE GRUPO FINANCIERO
BANCO MERCANTIL DEL NORTE SA DE CV
ESG Rating
AA
AA
AA
AA
AA
Source: MSCI ESG

Top 5 Active Weights and ESG Scores

Data as of:  May 30, 2025.
Company
ING GROEP NV
OTP BANK NYRT
BORR IHC LTD
BBVA MXICO SA INSTITUCIN DE BANCA MLTIPLE GRUPO FINANCIERO
BANCO MERCANTIL DEL NORTE SA GRAND CAYMAN BRANCH
ESG Rating
AA
BB
B
AA
AA
Source: MSCI ESG

Carmignac Portfolio EM Debt VS. Reference Indicator

The graph compares the distribution of ESG ratings for the fund's investments with the distribution of ESG ratings for the assets of its benchmark.

MSCI ESG Score Portfolio vs. Reference Indicator (%)

Data as of:  May 30, 2025.
Leader
Average
Laggard
Fund (Equity + Corporate Bonds)
Reference Indicator
Source: MSCI ESG Score. ESG Leaders represent companies rated AAA and AA by MSCI. ESG Average represent companies rated A, BBB, and BB by MSCI. ESG Laggards represent companies rated B and CCC by MSCI.

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All analysis
View portfolioView documents
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.