Fixed income strategies
Carmignac Portfolio Flexible Bond
Share Class
LU0992631217
Risk Indicator
2 / 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 15/11/2013
To 15/01/2026
+ 27.2 %
+ 23.9 %
+ 8.1 %
+ 14.2 %
+ 4.2 %
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
+ 0.5 %
+ 2.0 %
- 3.0 %
+ 5.4 %
+ 9.7 %
+ 0.1 %
- 7.7 %
+ 5.1 %
+ 5.7 %
+ 4.7 %
Net Asset Value
1272.22 €
Asset Under Management
2 819 M €
Modified Duration
31/12/2025
-0.4
SFDR - Fund Classification
Article 8
Carmignac Portfolio Flexible Bond : Characteristics & Risks
You may find in this section information on characteristics, costs, and risks of the Fund. If you have any questions, please do not hesitate to contact Carmignac for further details and assistance.
Investment Universe and Objective
Carmignac Portfolio Flexible Bond is an international fixed income UCITS fund that implements interest rate and credit strategies globally while systematically hedging currency risk. Its flexible and opportunistic style enables the Fund to deploy a non-benchmarked, conviction-driven allocation strategy across global bond markets. The Fund is managed with a total return approach, seeking to capture market upswings while hedging against downside risk. It promotes environmental and social characteristics and aims to outperform its reference indicator1 over a recommended minimum investment horizon of three years.
1ICE BofA Euro Broad Market index
Characteristics
General Characteristics
- Management Company
- Carmignac Gestion Luxembourg S.A
- Legal Form
- Luxembourg SICAV sub-fund
- ISIN
- LU0992631217
- Bloomberg
- CARCFEA LX
Detailed Characteristics
- SFDR - Fund Classification
- Article 8
- Risk Indicator
1
2
3
4
5
6
7
Lowest risk Highest risk
- Recommended minimum investment horizon
- 3 years
- Management
- Fixed income strategies
- Reference Indicator
- ICE BofA Euro Broad Market index
- Morningstar Category
Morningstar Category - EUR Flexible Bond
Net Asset Value & Assets Under Management
- Date of 1st NAV
- 15/11/2013
- Base Currency
- EUR
- Share class AUM
- 1 098 M€ (15/01/26)
- Fund AUM
- 2 819 M€ / 3 270 M$
- Dividend Policy
- Accumulation
- Capital Guarantee
- No
- NAV Frequency
- Subscribe to NAVs
- Order Placement Cut-Off Time
- Before 18:00 CET
Fees
One-off costs upon entry or exit
- Entry costs
- We do not charge an entry fee.
- Exit costs
- We do not charge an exit fee for this product.
Ongoing costs taken each year
- Management fees and other administrative or operating costs
- 0.77% This estimate is based on actual costs over the past year.
- Transaction Cost
- 0.35% 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.
Incidental costs taken under specific conditions
- 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.
Risks
Main Risks of the Fund
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.
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.
Equity- The Fund may be affected by stock price variations, the scale of which is dependent on external factors, stock trading volumes or market capitalization.
- The Fund presents a risk of loss of capital.
Articles that may interest you
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Carmignac P. Flexible Bond: Letter from the Fund Managers - Q4 2025
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Awards • December 11, 2025 • English
Carmignac named Fixed Income Fund Manager of the Year at the Funds Europe Awards 2025
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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.
Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.