Carmignac Flexible Bond A EUR Acc

The sub-fund's objective is to outperform its reference indicator over a recommended minimum investment period of 3 years. The reference indicator is the ICE BofA Euro Broad Market index. The sub-fund employs a flexible fixed income investment strategy that aims to take advantage of the variety and diversity of investment opportunities across the fixed income universe globally. The portfolio is managed with a total return mindset to participate in rising markets, while implementing a defensive approach, by hedging the portfolio to market risks, in declining markets. The cumulative exposure to below investment grade corporate bonds and emerging markets debt securities will not exceed 50% of the net assets. The sub-fund will invest up to 100% of its Net Assets in euro and non-euro denominated debt securities. The currency risk resulting from non-euro denominated investments will typically be hedged to euro. In order to hedge its assets and/or achieve its investment objective, the sub-fund may use financial derivative instruments. In this context, the sub-fund may obtain exposure to, or synthetically hedge, the risks relating to indices, business sectors or geographic region. To this end, the sub-fund may take up positions with a view to hedging the portfolio against certain risks (interest rate, credit or currency) or exposing itself to interest rate and credit risks. The sub-fund's Modified Duration may vary from -3 to 8. Modified duration is defined as the change in portfolio capital (as %) for a change in interest rates of 100 basis points. Up to 20 % of the net assets may be invested in contingent convertible bonds ("CoCos"). CoCos are regulated subordinated debt instruments that are complex, but consistent in nature. Please refer to the prospectus for more information. The sub-fund may invest up to 10% of its net assets in units or shares of investment funds. This sub-fund is an actively managed UCITS. The investment manager has discretion over the composition of

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No