Carmignac Portfolio China New Economy

Share Class

LU2295992676

Risk Indicator

6 / 7

Recommended Minimum Investment Horizon

5 years

Cumulative Performance since launch Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months

From 31/03/2021 To 25/09/2025

- 39.0 %

+ 15.1 %

+ 41.4 %

Calendar Year Performance 2015Calendar 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 2024

- 35.3 %

- 4.6 %

- 22.0 %

+ 1.7 %

Net Asset Value

61.01 €

Asset Under Management

10 M €

Net Equity Exposure29/08/2025

98.8 %

SFDR - Fund Classification

Article 8

Data as of: Sep 25, 2025.

Equity strategiesCarmignac Portfolio China New Economy

Carmignac Portfolio China New Economy : 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 China New Economy is an equity Fund looking to seize investment opportunities arising mainly, but not exclusively, from China's New Economy. The latter offers numerous sustainable growth themes in areas such as healthcare, education, clean energy, technological innovation and "sustainable" consumption, including e-commerce and Internet which benefit from the increasing purchasing power and improving living standards of Chinese households. Stock selection is the Fund's main performance driver and is based on rigorous financial and extra-financial analysis. Its objective is to outperform its reference indicator over at least 5 years. The Fund also looks to minimise its environmental impact by reducing its carbon footprint by 5% annually.

Characteristics

General Characteristics

Management Company: Carmignac Gestion Luxembourg S.A

Legal Form: Luxembourg SICAV sub-fund

ISIN: LU2295992676

Bloomberg: CACNEFA LX

Detailed Characteristics

SFDR - Fund Classification: Article 8

Risk Indicator: 6/7
1
2
3
4
5
6
7
Lowest risk Highest risk

Recommended minimum investment horizon: 5 years

Management: Equity strategies

Reference Indicator: MSCI China NR index

Morningstar Category Morningstar Category: Greater China Equity

Net Asset Value & Assets Under Management

Date of 1st NAV: 31/03/2021

Base Currency: EUR

Share class AUM: 3 M€ (25/09/25)

Fund AUM: 10 M€ / 12 M$

Dividend Policy: Accumulation

Capital Guarantee: No

NAV Frequency: Daily, except on French public holidays for FCP/SICAV; UK bank holidays for OEIC; Stock market holidays in the US, China and Hong Kong for China New Economy Funds.
Subscribe to NAVs

Order Placement Cut-Off Time: Before 15:00 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: 1.16% of the value of your investment per year. This estimate is based on actual costs over the past year.

Transaction Cost: 2.34% 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.

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

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.

Emerging Markets: Operating conditions and supervision in "emerging" markets may deviate from the standards prevailing on the large international exchanges and have an impact on prices of listed instruments in which the Fund may invest.

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.

Liquidity: Temporary market distortions may have an impact on the pricing conditions under which the Fund might be caused to liquidate, initiate or modify its positions.

The Fund presents a risk of loss of capital.