Fixed income strategies
Carmignac Credit 2031
Share Class
FR001400U4S3
Risk Indicator
2 / 7
Recommended Minimum Investment Horizon
From the launch date to the maturity date, i.e. 31 October 2031.
Net Asset Value
100.39 €
Asset Under Management
398 M €
Yield to Maturity28/02/2025
4.8 %
SFDR - Fund Classification
Article 8
Portfolio Composition
Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and bond positioning.Exposure Data
Data as of: 28 Feb 2025.Modified Duration2.9
Yield to Maturity4.8 %
Average Coupon5.1 %
Number of Issuers140
Number of Bonds166
Average RatingBBB
Yield to Maturity (EUR): The Yield to Maturity (EUR) is the estimated annual rate of return in EUR expected on a bond if held until maturity and assuming all payments made as scheduled and reinvested at this rate. For perpetual bonds, the next call date is used for computation. Note that the yield shown does not take into account fees and expenses of the Fund. The portfolio’s YTM (EUR) is the weighted average individual bonds holdings' YTMs (EUR) within the portfolio.
Geographical Breakdown
The Fund’s exposure to specific country and region provides you with an insight on its diversification as well as the opportunities and risks involved. The geographic breakdown also provides an overview of the Fund's investment strategy and current positioning.Geographical Breakdown
Data as of: 28 Feb 2025.| Europe | 76.0 % |
| Latin America | 9.5 % |
| North America | 5.0 % |
| Eastern Europe | 3.9 % |
| Africa | 2.1 % |
| Middle East | 2.0 % |
| Asia | 1.1 % |
| Asia-Pacific | 0.5 % |
| Total % of bonds | 100.0 % |
Europe76.0 %
 Ireland | 18.8 % |
 Italy | 12.7 % |
 France | 11.3 % |
 Germany | 8.0 % |
 Spain | 7.4 % |
 Suède | 3.4 % |
 United Kingdom | 2.9 % |
 Switzerland | 2.7 % |
 Belgium | 2.6 % |
| Norvège | 2.1 % |
 Netherlands | 1.6 % |
| Jersey | 0.8 % |
 Finland | 0.7 % |
| Grèce | 0.6 % |
 Denmark | 0.3 % |
 Austria | 0.1 % |
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Rating & Currency Breakdown
This section presents two metrics: the breakdown of assets by credit rating of bonds held in the portfolio, and the breakdown of interest rate sensitivity by currency. Rating agencies assign ratings to bond issuers based on their ability to repay their debts. The breakdown by credit rating enables investors to understand the level of risk associated with the securities held in the Fund. In addition, the breakdown of interest rate sensitivity by currency enables the exchange rate risk associated with the different currencies in which the Fund holds bonds to be assessed.Fund Rating
Data as of: 28 Feb 2025.- CCC
- 3.6 %
- CC
- 0 %
- C
- 0 %
- AAA
- 5.6 %
- AA
- 2.7 %
- A
- 24.8 %
- BBB
- 35.6 %
- BB
- 16.5 %
- B
- 11.1 %
Modified Duration by Currency
Data as of: 28 Feb 2025.Currency
Maturity breakdown
This chart displays the Fund's investments according to their redemption maturity. It provides an overview of the distribution of bonds held by the Fund according to their maturity date. This analysis is important because it enables investors to understand the Fund's risk profile and assess its sensitivity to interest rate fluctuations. Bonds with longer maturities are generally more sensitive to changes in interest rates than those with shorter maturities.Related articles
Fixed Income Strategy • 3 March 2025 • English
Fixed income target maturity funds: The story continues with Carmignac Credit 2031
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Carmignac extends succesful target maturity Fund range
Events • 6 February 2025 • English
Annual Meeting 2025
Speakers : Raphaël Gallardo, Pierre Verlé, Mark Denham1 minute(s) read
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Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
The Fund is a common fund in contractual form (FCP) conforming to the UCITS Directive under French law.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.