Carmignac Court Terme A EUR Acc/  FR0010149161  /

The investment objective of the fund is to outperform the Eurozone money market reference indicator, the capitalised €STER (ESTRON), less actual management fees, by investing in securities of issuers that integrate environmental, social and sustainability criteria into their operating methods. The capitalised €STER is an interbank interest rate benchmark. It is based on the interest rates of unsecured overnight borrowings by the banks. These interest rates are obtained directly by the ECB as part of the collection of statistical data on the money market. The fund invests primarily in fixed- and/or variable- and/or adjustable-rate euro-denominated money market instruments. The fund invests in securities from public issuers, whether or not they are guaranteed by a sovereign state, as well as in securities from private issuers. The fund may invest in short- and medium-term transferable securities, and treasury bills. The portfolio's weighted average maturity (WAM) is capped at 60 days and its weighted average life (WAL) is capped at 120 days. The fund may invest more than 5% and up to 100% of its assets (20% for issuers in emerging countries) in different money market instruments issued or guaranteed separately or jointly by issuers authorised in the context of the derogating provisions of Article 17(7) of Regulation (EU) 2017/1131. The manager also takes positions with a view to hedging units denominated in currencies other than the euro against exchange risks by using OTC forward exchange contracts. The fund may invest up to 9.99% of its net assets in units or shares of investment funds.

The investment objective of the fund is to outperform the Eurozone money market reference indicator, the capitalised €STER (ESTRON), less actual management fees, by investing in securities of issuers that integrate environmental, social and sustainability criteria into their operating methods. The capitalised €STER is an interbank interest rate benchmark. It is based on the interest rates of unsecured overnight borrowings by the banks. These interest rates are obtained directly by the ECB as part of the collection of statistical data on the money market.