Carmignac Portfolio Grandchildren FW GBP Acc/  LU2427320655  /

The objective of the sub-fund is to achieve long-term capital growth and involves active, flexible management with a focus on equity markets. In order to achieve its investment objective, the sub-fund seeks to invest in companies considered by the Investment Manager to be of high quality. The equity strategy is implemented through a portfolio of direct investment in securities and to a lesser extent, derivatives. The sub- fund is not constrained by any benchmark and is free to invest in the Investment Manager's choice of equities irrespective of industry and geography. The fund can invest up to 10% of the net assets in bonds with a rating below investment grade. Investments in high-quality companies are determined based upon a quantitative screening and fundamental analysis. The sub-fund may also, on an ancillary basis, hold cash and/or invest in other transferable securities. In order to achieve its investment objective, the sub-fund may invest in futures traded on Eurozone and international markets, including emerging markets, for exposure or hedging purposes.

The objective of the sub-fund is to achieve long-term capital growth and involves active, flexible management with a focus on equity markets.