Share Class
LU2295992247
A thematic Fund focused on customer and employee experience
- Social thematic Fund : a thematic strategy that focuses both on customer and employee satisfaction.
- Leveraging the power of social data : quantitative expertise and experience in using ‘alternative’ sources of data.
Key documents
Asset Allocation
Equities98.3 %
Other1.7 %
Data as of: Feb 28, 2025.
Risk Indicator
1
2
3
4
5
6
7
Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 29.7 %
-
-
+ 18.2 %
+ 1.8 %
To 01/04/2025
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
-
-
-
-
-
-
+ 19.8 %
- 21.3 %
+ 23.4 %
+ 18.4 %
Net Asset Value
129.65 €
Asset Under Management
116 M €
Net Equity Exposure28/02/2025
93.4 %
SFDR - Fund Classification
Article
9
Data as of: Feb 28, 2025.
Data as of: Apr 1, 2025.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged. The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Carmignac Portfolio Human Xperience fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.Our monthly comments
Data as of: Feb 28, 2025.Fund management team
![[Management Team] [Author] Ejikeme Obe](https://carmignac.imgix.net/uploads/NextImage/0001/18/%5BManagement-Team%5D-Ejikeme-Obe.png?auto=format%2Ccompress&fit=fill&w=3840)
Obe Ejikeme
Fund Manager, Analyst
Performance commentary
- Over the month of February, the fund had a slightly negative return in absolute terms, but outperformed its reference indicator in relative terms
- Our stock selection in the Consumer Discretionary and Technology sectors were our largest contributors. Lenovo, Sony and Cisco were among our largest contributors over the month.
- While we saw a pickup in performance among consumer staple names over the month, our overweight to the sector was beneficial, and our holdings such as Costco, Nestle and Colgate Palmolive were positive contributors to the fund.
Outlook strategy
- In February, we added slightly to Salesforce in the US software space and Nestle in the consumer staples sector
- We continued to reduce our weight in TSMC, which we started the previous month.
- Over the month we exited Hyundai in order to reduce our exposure to consumer discretionary names given the weakening consumer data. We also exited our position in Adobe on the basis of a deteriorating CHX score.
- On the other hand we added two new names. Sherwin Williams in the materials sector who are the largest global coatings company demonstrating a strong consumer score and resilient growth prospects, as well as Michelin in the auto parts sector which benefits from its strong brand image and best in class CHX score.
- We remain cautious in positioning our portfolio and continue to focus on quality, less cyclical companies.
Performance Overview
Data as of: Apr 1, 2025.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). 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.From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested. The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 03/04/2025
Carmignac Portfolio Human Xperience Portfolio overview
Below is an overview of the composition of the portfolio.Geographical Breakdown
Data as of: Feb 28, 2025.| North America | 60.5 % |
| Europe | 30.1 % |
| Asia | 5.7 % |
| Asia-Pacific | 3.7 % |
To Access the weekly view
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.Exposure Data
Data as of: Feb 28, 2025.Equity Investment Weight98.3 %
Net Equity Exposure93.4 %
Number of Equity Issuers39
Active Share80.1 %
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.Fund Management Team
Obe Ejikeme
Fund Manager, Analyst
The social theme is one of the most disregarded areas within ESG. Yet we believe that companies providing positive experiences to both their customers and employees are better positioned to achieve superior returns over the long run.
Obe Ejikeme
Fund Manager, Analyst
Related articles
Thematic equities • January 29, 2025 • English
Carmignac Portfolio Human Xperience: Letter from the Fund Manager
3 minute(s) read
Corporate • September 13, 2024 • English
Merger of “Family Governed” into “Human Xperience” in Carmignac Portfolio
Thematic equities • April 17, 2024 • English
Carmignac Portfolio Human Xperience celebrates its three-year anniversary
5 minute(s) read
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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.
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.
Market environment