Carmignac Sécurité AW EUR Acc/  FR0010149120  /

The fund's objective is to outperform its reference indicator over a recommended investment horizon of two years. The reference indicator is the ICE BofA 1-3 Year All Euro Government Index, with coupons reinvested (E1AS). This index tracks the performance of sovereign debt denominated in EUR publicly issued by Eurozone Member States on the euro bond market or the issuer's domestic market, with a residual period remaining to the final maturity of under three years. It is calculated with coupons reinvested. The fund's portfolio mainly comprises bonds, debt securities and money market instruments denominated mostly in euro, as well as variable rate bonds. The weighted average of bond ratings shall be at least investment grade. No more than 10% of the net assets may be invested in bonds rated below investment grade for each category of issuer. The portfolio's modified duration is between -3 and +4. Modified duration is defined as the change in portfolio capital (as %) for a change in interest rates of 100 basis points. The decision to buy, hold or sell debt securities will not automatically and solely depend on their rating but also an internal analysis based mainly on return, credit rating, liquidity and maturity criteria. This fund is an actively managed UCITS where the investment manager has discretion over the composition of the portfolio, subject to the stated investment objectives and policy. The fund's investment universe is at least partly derived from the indicator. The fund's investment strategy is not dependent on the indicator. Therefore, the Sub-fund's holdings and weightings may substantially deviate from the composition of the indicator. There is no limit set on the level of such deviation.

The fund's objective is to outperform its reference indicator over a recommended investment horizon of two years. The reference indicator is the ICE BofA 1-3 Year All Euro Government Index, with coupons reinvested (E1AS). This index tracks the performance of sovereign debt denominated in EUR publicly issued by Eurozone Member States on the euro bond market or the issuer's domestic market, with a residual period remaining to the final maturity of under three years. It is calculated with coupons reinvested. The fund's portfolio mainly comprises bonds, debt securities and money market instruments denominated mostly in euro, as well as variable rate bonds. The weighted average of bond ratings shall be at least investment grade. No more than 10% of the net assets may be invested in bonds rated below investment grade for each category of issuer. The portfolio's modified duration is between -3 and +4. Modified duration is defined as the change in portfolio capital (as %) for a change in interest rates of 100 basis points.