Carmignac PF Sécurité AW EUR Dis/  LU1299306677  /

The sub-fund aims to outperform its reference indicator. The reference indicator is the ICE BofA ML 1-3 Year All Euro Government Index. This index tracks the performance of EUR denominated sovereign debt publicly issued by Euro member countries in either the eurobond market or the issuer's own domestic market. It is calculated with coupon reinvested. The 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 unrated or 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 sub-fund aims to outperform its reference indicator. The reference indicator is the ICE BofA ML 1-3 Year All Euro Government Index. This index tracks the performance of EUR denominated sovereign debt publicly issued by Euro member countries in either the eurobond market or the issuer's own domestic market. It is calculated with coupon reinvested.