Carmignac Credit 2029 A EUR Ydis

The investment strategy consists in creating a diversified portfolio of debt securities and securitisation instruments to be held until the Maturity Date. The portfolio may be made up of securities of any maturity, including those maturing after the Fund's Maturity Date. The portfolio's weighted average rating at the end of the creation phase will be at least investment grade. A financial instrument whose rating worsens over the fund's lifecycle will not necessarily be sold. As such, the portfolio's weighted average rating may fall (including below investment grade) if one or more of the securities in the portfolio has its rating downgraded. While the portfolio thus created is intended to be held until the Maturity Date, the portfolio manager reserves the right to buy or sell the securities therein, especially if they expect the security's risk profile to deteriorate or identify an investment opportunity in line with the fund's objective and strategy. However, no new investment may cause the portfolio's weighted average rating to fall below investment grade. As the Maturity Date draws near, the fund will adopt a prudent management approach during the divestment phase. Securities will be kept until they mature or, especially in the case of securities maturing later than the fund, resold. The fund may invest up to 110% of its net assets in bonds from the private or public sector, with no restrictions as regards sector or geographic region (up to 30% outside OECD countries, including emerging markets); high yield bonds may account for up to 50% of net assets. The fund may also invest up to 40% of its net assets in securitisation instruments such as collateralised loan obligations (CLO). The portfolio's direct and indirect exposure to credit risk, including exposure incurred through the use of futures, shall not exceed 120%. The Fund's duration ranges between 0 and 7. This duration will decrease over time and will be no more than 2 at the end of the buy & hold perio

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No