Carmignac

Building the world of tomorrow with Carmignac Portfolio Grandchildren

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A global study has revealed that 82% of the surveyed asset management companies use environmental, social, and governance (ESG) data in their investment process, primarily for performance reasons or due to client demands1.

At Carmignac, we are convinced that by integrating ESG analysis into our investment processes, we are able to achieve better long-term performance. We also ensure that our actions contribute positively to the environment and society. This philosophy applies particularly for our Carmignac Portfolio Grandchildren fund.

  • Carmignac
    Healthcare

    Coping with a growing and aging population by providing appropriate care to improve living conditions.

  • Carmignac
    Renewable energies

    Fighting climate change by developing green energies to reduce carbon emissions.

  • Carmignac
    Sustainable industrialisation

    Responding to a constantly growing demand while innovating in terms of production and infrastructure to take into account environmental, social, and governance aspects.

  • Carmignac
    Sustainable cities and communities

    Improve cities and communities to meet the growing population by providing sustainable facilities.

We strive to address these issues through Carmignac Portfolio Grandchildren.

Carmignac Portfolio Grandchildren, a solution to address today's and tomorrow's main challenges

Carmignac

Carmignac Portfolio Grandchildren aims to accompany savers and investors in building and preserving a sustainable capital for future generations. In order to achieve this transmission objective, the Fund fully integrates an extra-financial approach into its investment process. This is reflected in the definition of the investment universe, which excludes companies in the energy sector, including coal, oil, and gas. We also apply ethical exclusions, banning controversial weapons, conventional weapons, tobacco, adult entertainment, gambling, and alcohol. Additionally, we exclude companies with an ESG rating of CCC according to MSCI.

Carmignac Portfolio Grandchildren also aims for 100% sustainable investments, focusing particularly on companies aligned with the United Nations Sustainable Development Goals (SDGs). Companies can have an impact on society and the environment through the products they sell and the services they offer. The SDGs can serve as a guide to help investors understand how their investments can contribute to shaping positive and significant externalities.

A sustainable objective based on the United Nations SDGs

Within Carmignac Portfolio Grandchildren, we aim to invest in the Sustainable Development Goals (SDGs), which we believe address the major trends we identify:

  • Carmignac
    Good health and well-being
  • Carmignac
    Affordable and clean energy
  • Carmignac
    Industry, innovation and infrastructure
  • Carmignac
    Sustainable cities and communities

In a context where health becomes a major issue driven by population growth and aging, Carmignac Portfolio Grandchildren invests in companies in the sector that seek to innovate in order to offer accessible healthcare solutions to all, such as Novo Nordisk, for example.

The transition to renewable energies and their accessibility are essential in the face of climate change. That is why we focus on companies that help fight against and adapt to global warming.

We are still in a period of strong industrial expansion, but we see a growing need for solutions that address both growth and environmental challenges. Therefore, Carmignac Portfolio Grandchildren invests in companies that innovate in order to reduce not only their own carbon footprint, but also that of their sector and other industries.

  • Kingspan: building a better future through sustainable buildings

    The urban population continues to grow. In 2007, cities accounted for over 50% of the world's population. By 2030, this proportion is expected to reach 60%, and 70% by 20502. Cities must therefore be able to adapt to this influx of population and meet the needs of residents, while also ensuring the development of sustainable and environmentally friendly urban spaces.

    Kingspan is an Irish company in the industrial sector, specializing in building insulation issues. It is committed to achieving net zero emissions goals by focusing on the well-being of individuals and the planet. The company focuses on researching new solutions that allow building owners to reduce their resource consumption. This includes the treatment and management of wastewater, the use of natural lighting, and improving insulation.

    This approach allows Kingspan to address the various challenges related to the need for sustainable cities and communities in the face of ever-increasing urbanization.

Carmignac Portfolio Grandchildren is committed to addressing the challenges of major trends that will shape the world of tomorrow by focusing on carefully selected Sustainable Development Goals (SDGs), while maintaining a low carbon footprint. By adopting an extra-financial approach, the Fund supports investors and savers in building and preserving sustainable capital. This approach allows the fund to be classified as Article 9 under the SFDR regulation, demonstrating its objective of making a positive contribution to the environment and society, and leaving a sustainable world for future generations.

1Why and How Investors use ESG information: Evidence from a Global Survey by Amel-Zadeh and George Serafeim; Financial Analysis Journal (2018).
2Source: United Nations, 2023.

Carmignac Portfolio Grandchildren

An intergenerational Fund focused on quality, sustainable companies

Discover the Fund’s page

Carmignac Portfolio Grandchildren A EUR Acc

ISIN: LU1966631001

Recommended minimum investment horizon

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Main risk of the Fund

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.

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.

DISCRETIONARY MANAGEMENT: Anticipations of financial market changes made by the Management Company have a direct effect on the Fund's performance, which depends on the stocks selected.

The Fund presents a risk of loss of capital.

Carmignac Portfolio Grandchildren A EUR Acc

ISIN: LU1966631001
2019 2020 2021 2022 2023 2024 (YTD)
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Year to date
Carmignac Portfolio Grandchildren A EUR Acc +15.47 % +20.28 % +28.38 % -24.16 % +23.04 % +6.12 %
Reference Indicator +15.49 % +6.33 % +31.07 % -12.78 % +19.60 % +2.91 %

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3 Years 5 Years 10 Years
Carmignac Portfolio Grandchildren A EUR Acc +9.53 % - -
Reference Indicator +12.14 % - -

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Source : Carmignac at 31/01/2024 .

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 : 0,26% 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.
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Marketing Communication. Please refer to the KID/KIID/prospectus of the Fund before making any final investment decisions. The decision to invest in the promoted fund should take into account all its characteristics or objectives as described in its prospectus. 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 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. 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/KID. Investors may lose some or all their capital, as the capital in the funds are not guaranteed. The Funds’ prospectus, KIDs, KIIDs, NAV and annual reports are available at www.carmignac.com, or upon request to the Management Company. 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. 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. Copyright: The data published in this presentation are the exclusive property of their owners, as mentioned on each page. Belgium: This document is intended for professional clients. This communication is published by Carmignac Gestion S.A., a portfolio management company approved by the Autorité des Marchés Financiers (AMF) in France, and its Luxembourg subsidiary Carmignac Gestion Luxembourg, S.A., an investment fund management company approved by the Commission de Surveillance du Secteur Financier (CSSF). “Carmignac” is a registered trademark. “Investing in your Interest” is a slogan associated with the Carmignac trademark. In case of subscription to a fund subject to Article 19bis of the Belgian Income Tax Code (CIR92), the investor will have to pay, upon redemption of his or her shares, a withholding tax of 30% on the income (in the form of interest, or capital gains or losses) derived from the return on assets invested in debt claims. Distributions are subject to withholding tax of 30% without income distinction. In case of subscription in a French investment fund (fonds commun de placement or FCP), you must declare on tax form, each year, the share of the dividends (and interest, if applicable) received by the Fund. Any complaint may be referred to complaints@carmignac.com or CARMIGNAC GESTION - Compliance and Internal Controls - 24 place Vendôme Paris France or on the website www.ombudsfin.be. UK: This document was prepared by Carmignac Gestion, Carmignac Gestion Luxembourg or Carmignac UK Ltd and is being distributed in the UK by Carmignac Gestion Luxembourg. Switzerland: the prospectus, KIDs 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, Montrouge, succursale de Nyon/Suisse, Route de Signy 35, 1260 Nyon.

CARMIGNAC GESTION 24, place Vendôme - F-75001 Paris - Tel: (+33) 01 42 86 53 35 Investment management company approved by the AMF. Public limited company with share capital of € 13,500,000 - 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 - RCS Luxembourg B 67 549.