Carmignac extends succesful target maturity Fund range
Carmignac has announced the launch of its latest target-maturity credit fund, Carmignac Credit 2031.
The fund is managed by Carmignac’s credit team, including co-head of fixed income and head of credit, Pierre Verlé and fund managers, Alexandre Deneuville and Florian Viros. This launch extends the firm’s top-performing target maturity range. Carmignac Credit 2027 has assets of €1.85 billion1, and Carmignac Credit 2029 has assets of €1 billion having delivered an above-target annualized return of 11.1%2 since inception.
The new fund seeks to generate attractive risk-adjusted returns between its inception and maturity in 20313.
The fund management team utilises a rigorous investment approach combining fundamental company research and broader credit market analysis to estimate a cost of risk for each security. The approach makes it possible to build a diversified portfolio of corporate bonds with an attractive risk-adjusted weighting and high-income visibility, while hedging currency risk.
Carmignac Credit 2031 now has assets of €390 million4 following a merger with the firm’s first target maturity fund, Carmignac Credit 2025 on 25 February 2025. The first vintage has comfortably outperformed its objective5 and the longer-dated fund (Carmignac Credit 2031) now has a more attractive yield-to-maturity profile.
Carmignac Credit 2031 is registered for sale in Austria, Belgium, France, Germany, Italy, Luxembourg, Spain and Switzerland.
Pierre Verlé comments:
“Credit markets continue to exhibit attractive yields but with the path for inflation and rates uncertain, many investors are seeking stability and visible earnings. Our target maturity funds aim to provide investors with an attractive return profile while minimising exposure to market risk over a defined investment period thanks to a strong fundamental approach. We’re thrilled the strategy continues to resonate with investors across Europe and are happy to launch our fourth fund and offer investors in our first vintage the opportunity to remain invested.”
Carmignac Credit 2031
Investing in credit markets with visibility and diversificationDiscover the fund pageCarmignac Credit 2031 A EUR Acc
- Recommended minimum investment horizon
- From the launch date to the maturity date, i.e. 31 October 2031.
- Risk indicator*
- 2/7
- SFDR - Fund Classification**
- Article 8
*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Main risks of the fund
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This communication is published by Carmignac Gestion S.A., a portfolio management company approved by the Autorité des Marchés Financiers (AMF) in France, and its Luxembourg subsidiary Carmignac Gestion Luxembourg, S.A., an investment fund management company approved by the Commission de Surveillance du Secteur Financier (CSSF). “Carmignac” is a registered trademark. “Investing in your Interest” is a slogan associated with the Carmignac trademark.
Past performance is not a reliable indicator of future returns.
This material does not constitute a subscription offer, nor does it constitute investment advice. This material is not intended to provide, and should not be relied on for, accounting, legal or tax advice. This material has been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to herein or for any other purposes. The information contained in this material may be partial information and may be modified without prior notice. They are expressed as of the date of writing and are derived from proprietary and non-proprietary sources deemed by Carmignac to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. This material is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the material or availability of this material is prohibited. Persons in respect of whom such prohibitions apply must not access this material. Taxation depends on the situation of the individual.
SFDR Fund Classification: Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. EU Act that requires asset managers to classify funds into categories, “Article 8” funds promote environmental and social characteristics, “Article 9” funds have sustainable investments as a measurable objective. In addition to not promoting environmental or social characteristics, "Article 6" funds have no sustainable objectives.
UK: This document was prepared by Carmignac Gestion, Carmignac Gestion Luxembourg or Carmignac UK Ltd and is being distributed in the UK by Carmignac Gestion Luxembourg.
CARMIGNAC GESTION 24, place Vendôme - F-75001 Paris - Tél : (+33) 01 42 86 53 35 Investment management company approved by the AMF. Public limited company with share capital of € 13,500,000 - RCS Paris B 349 501 676
CARMIGNAC GESTION Luxembourg - City Link - 7, rue de la Chapelle - L-1325 Luxembourg - Tel : (+352) 46 70 60 1 Subsidiary of Carmignac Gestion - Investment fund management company approved by the CSSF Public limited company with share capital of € 23,000,000 - RCS Luxembourg B 67 549