Carmignac Patrimoine Europe E EUR Acc

The sub-fund objective is to outperform its Reference Indicator over a recommended minimum investment period of 3 years. The reference indicator comprises 40% MSCI Europe NR index, 40% ICE BofA All Maturity All Euro Government Index and 20% €STR Capitalised index. It is rebalanced each quarter. The search for performance involves flexible, discretionary management on equity, fixed income, credit, as well as to a lesser extent foreign exchange markets, and the manager's expectations of how economic, corporate, and market conditions will evolve. The sub-fund may adopt a defensive strategy if the markets are expected to perform negatively. This sub-fund mainly invests in bonds issued in European countries or currency, and also invests in equities from European countries including Turkey and Russia. (i) Up to 50% of the net assets are exposed to equities and other securities giving or capable of giving direct or indirect access to the capital or voting rights of companies. At least 25% of the net assets shall be invested in equities, either in small, mid and/or large caps, (ii) Between 40% and 100% are invested in debt instruments including money market instruments, treasury bills, government and/or corporate fixed and/or floating rate bonds and inflation-linked bonds. Net exposure to currencies other than Euro, including emerging market currencies, generated through direct investments in securities or through derivatives, may differ from that of the reference indicator and/or portfolio of securities alone. The sub-fund uses them for exposure, relative value or hedging purposes. The sub-fund may use derivative instruments for hedging, exposure or arbitrage purposes, such as options (vanilla, barrier, binary), futures and forwards, swaps (including performance swaps), credit (up to 30% of net assets) and CFDs (contracts for difference) on one or more underlyings. In relation to the markets in which the sub-fund invests, the manager invests in futures traded on regulated,

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No