Fund factsheetFundFacts API
Issuer CarmignacFigures as of 2026-09-30Generated 23 Oct 2026

Carmignac Portfolio Credit F EUR Acc

LU1932489690UCITS Fund

The sub-fund aims to outperform its reference indicator, on an annual basis, over a minimum investment period of three years, using an active and unconstrained investment strategy based on directional positions as well as, to a lesser extent, long/short strategies on all international fixed income markets.

Growth of 100

100120140202020222024
Fund15675% ICE BofA Euro Corporate Index + 25% ICE BofA Euro High Yield index114
2018-12 → 2025-12 · rebased to 100

Key facts

TER0.80%
Fund sizeEUR 2.9bn
Inception2018-12-31
Holdings459
CurrencyEUR
DistributionAccumulating

Costs

Entry costs (one-off)
0.00%
Exit costs (one-off)
0.00%
Ongoing costs
0.80%
Transaction costs
0.23%
Performance fee
20.00%
Cost impact after 1 year
1.53%
Cost impact at the recommended holding period (3 years)
1.67%

As stated in the fund's key information document (KID).

Top holdings

  1. 01BORR IHC LTD / BORR FINANCE 9.00% 15/07/20291.00%
  2. 02BANCO COMERCIAL PORTUGUES 4.13% 22/06/20331.00%
  3. 03BANQUE FEDERATIVE DU CREDIT MUTUEL 4.5% 01/09/20320.90%
  4. 04BANQUE FEDERATIVE DU CREDIT MUTUEL 3.75% 14/05/20310.90%
  5. 05TENNET GMBH & CO KG 4.75% 03/12/20340.90%
  6. 06DANSKE BANK A/S 3.75% 03/03/20330.80%
  7. 07ENI 3.38% 13/07/20290.80%
  8. 08SAMHALLSBYGGNADSBOLAGET I NORDEN HOLDING 1.12% 26/07/20290.80%
  9. 09TOTALENERGIES 3.25% 17/07/20360.70%
  10. 10KBC GROUP 4.13% 20/08/20320.70%

Sectors

46%Financials
  • Financials46.3%
  • Energy9.6%
  • Real Estate7.2%
  • Utilities4.2%
  • Industrials3.3%
  • Healthcare3.1%
  • Consumer Discretionary2.7%
  • Other3.9%
  • 19.7% not disclosed

Countries

  1. Europe78.5%
  2. North America7.1%
  3. Latin America5.1%
  4. Eastern Europe3.6%
  5. Asia-Pacific1.8%
  6. Asia1.6%
  7. Africa1.3%
  8. Middle East1.0%

Asset allocation

98%Bonds
  • Bonds98.1%
  • Equities1.3%
  • Cash, Cash Equivalents and Derivatives Operations0.6%

Credit quality

  1. BBB46.8%
  2. BB23.3%
  3. A17.9%
  4. B10.2%
  5. C1.3%
  6. AAA0.1%
  7. CC0.1%
  8. D0.1%

Risk & profile

1
2
3
4
5
6
7
Lower risk · lower rewardHigher risk · higher reward
EUR High-Yield Bond, Moderate Duration
RiskLowConcentrationDiversifiedRegionGlobal · Europe tiltCreditLowRate sensitivityModerate

Calendar-year returns

+20.9%2019+10.8%2020+3.4%2021−12.7%2022+10.9%2023+8.6%2024+7.0%2025
Fund 75% ICE BofA Euro Corporate Index + 25% ICE BofA Euro High Yield index

Annualised returns

PeriodFundIndexDiff
1 Year−0.76%−0.60%−0.16%
3 Years p.a.+6.59%+4.58%+2.01%
5 Years p.a.+2.02%+0.37%+1.65%
Since Inception+5.70%+1.62%+4.08%

Risk & valuation metrics

Volatility 3y2.8%
Sharpe 3y1.34
Yield to maturity6.5%
Duration4.0
Avg. ratingBBB-
Equity / bond1 / 98

Figures as of 2026-09-30. Data from FundFacts API; not investment advice.