Carmignac Credit Opportunities

Share Class

IE00084T1EH2

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 16/12/2022 To 31/03/2026

+ 44.7 %

-

+ 37.9 %

+ 9.0 %

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

-

+ 1.9 %

+ 15.2 %

+ 9.3 %

+ 13.9 %

Net Asset Value

144.65 $

Asset Under Management

207 M $

Yield to Maturity31/03/2026

7.4 %

SFDR - Fund Classification

Article 6

Data as of: Mar 31, 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 Credit Opportunities

Key figures

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

Exposure Data

Data as of: Mar 31, 2026.

Modified Duration3.4

Yield to Maturity7.4 %

Average Coupon6.7 %

Number of Issuers102

Number of Bonds136

Average RatingBB

Yield to Maturity (YTM) is the estimated annual rate of return expected on a bond if held until maturity and assuming all payments made as scheduled and reinvested at this rate. For perpetual bonds, the next call date is used for computation. Note that the yield shown does not take into account the FX carry and fees and expenses of the portfolio. The portfolio’s YTM is the weighted average individual bonds holdings' YTMs within the portfolio.

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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: Mar 31, 2026.

Bonds: 99.8 %

Developed Countries Corporate Bonds: 76.5 %

Collateralized Loan Obligation (CLO): 12.0 %

Emerging Markets Corporate Bonds: 11.3 %

Equities: 1.4 %

Cash, Cash Equivalents and Derivatives Operations: -1.2 %

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Maturity breakdown

This chart displays the Fund's investments according to their redemption maturity. It provides an overview of the distribution of bonds held by the Fund according to their maturity date. This analysis is important because it enables investors to understand the Fund's risk profile and assess its sensitivity to interest rate fluctuations. Bonds with longer maturities are generally more sensitive to changes in interest rates than those with shorter maturities.

Maturity Breakdown

Data as of: Mar 31, 2026.

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Carmignac Credit Opportunities fund performance

Fund performance vs. reference indicator (basis 100 - net of fees)

Data as of: Apr 28, 2026.

Calendar Year Performance (as %)

Data as of: Mar 31, 2026.

Carmignac Credit Opportunities - I USD Acc Hdg


Carmignac Credit Opportunities I USD Acc Hdg	-1.0 %	-2.6 %	-1.0 %	+9.0 %	+37.9 %	-	-
Category Average	-	-	-	-	-	-	-
Ranking (quartile)	-	-	-	-	-	-	-

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.

Morningstar Rating™ : © Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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

Source: Carmignac at 31/03/2026.

Statistics (%)

These measures are used to assess a Fund's risk-adjusted performance. A well-performing Fund should ideally have a solid return (measured by the Sharpe ratio and alpha) relative to its risk (measured by volatility), while being well aligned with market expectations (measured by beta relative to the reference indicator).

Volatility

Data as of: Mar 31, 2026.


Fund	+8.9	+4.7	+5.1

Calculation : Weekly basis

Ratio

Data as of: Mar 31, 2026.


Sharpe Ratio	+1.5	+1.3	+1.2
Beta	0.0	0.0	0.0
Alpha	0.0	0.0	0.0

Calculation : Weekly basis

Source: Carmignac at Mar 31, 2026.

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. This table shows the money you could get back over the next 3 years, under different scenarios, assuming that you invest 10 000 $.

Performance scenarios

Data as of: Mar 2026.

Scenarios

If you exit after 1 year

If you exit after 3 years

Stress

What you might get back after costs

Average return each year

6050 $

-39.53 %

6490 $

-13.43 %

Unfavourable

What you might get back after costs

Average return each year

8470 $

-15.32 %

8830 $

-4.06 %

Moderate

What you might get back after costs

Average return each year

10510 $

+5.10 %

10720 $

+2.35 %

Favourable

What you might get back after costs

Average return each year

11860 $

+18.56 %

14980 $

+14.42 %

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The unfavourable scenario occurred for an investment between 09/2019 and 09/2022.

The moderate scenario occurred for an investment between 08/2018 and 08/2021.

The favourable scenario occurred for an investment between 09/2022 and 09/2025.

Source: Carmignac at Mar 31, 2026.

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

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.