Fixed income strategies

Carmignac Portfolio Flexible Bond

SICAVGlobal marketSRI Fund Article 8
Share Class

LU2668162196

A flexible solution aiming to capture bond opportunities globally
  • A conviction-driven Fund aiming to seize global bond markets opportunities while systematically hedging the currency risk.
  • An investment process based on a top-down asset allocation and a bottom-up implementation of interest rate and credit strategies.
Asset Allocation
Bonds78.7 %
Other21.3 %
Data as of:  14 Jun 2024.
Risk Indicator
2/7
Recommended Minimum Investment Horizon
3 years
Net Asset Value
10.8 €
Asset Under Management
1 380 M €
Market
Global market
SFDR - Fund Classification

Article

8
Data as of:  20 Jun 2024.
​Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

Carmignac Portfolio Flexible Bond Portfolio overview

Below is an overview of the composition of the portfolio.

Geographical Breakdown

Data as of:  14 Jun 2024.
Europe68.4 %
North America9.6 %
Latin America8.2 %
Eastern Europe6.6 %
Middle East3.1 %
Africa2.3 %
Asia1.4 %
Asia-Pacific0.3 %
Total % of bonds100.0 %
Europe68.4 %
itItaly
17.2 %
gbUnited Kingdom
9.0 %
ieIreland
8.0 %
frFrance
7.2 %
Grèce
7.0 %
esSpain
3.5 %
nlNetherlands
3.0 %
Norvège
2.6 %
deGermany
2.4 %
atAustria
2.3 %
ptPortugal
1.4 %
smSanMarino
1.0 %
Suède
1.0 %
fiFinland
1.0 %
chSwitzerland
0.9 %
adAndorra
0.8 %

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:  14 Jun 2024.
Modified Duration3.3
Yield to Maturity6.1 %
Average Coupon4.6 %
Number of Issuers152
Number of Bonds198
Average RatingBBB-
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.

The strategy in a nutshell

Discover the Fund’s main features and benefits through the words of the Fund Managers.
Fund Management Team
[Management Team] [Author] Rigeade Guillaume

Guillaume Rigeade

Co-Head of Fixed Income, Fund Manager
[Management Team] [Author] Eliezer Ben Zimra

Eliezer Ben Zimra

Fund Manager
Eliezer and myself are managing this strategy with the objective to offer investors a flexible and diversified investment solution investing across fixed income markets, while hedging the currency risk.
[Management Team] [Author] Rigeade Guillaume

Guillaume Rigeade

Co-Head of Fixed Income, Fund Manager
View Fund's characteristics
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.