TheFund's prospectus, KIDs, NAV and annual reports are available at www.carmignac.com, or upon request to the Management Company. Access to the Fund may be subject to restrictions with regard to certain persons or countries. The Fund is not registered in North America, nor in South America. The Fund has not been registered Österreich(DE) Italia (IT) United Kingdom (GB) A diversified portfolio, based on a top-down and bottom-up approach, to take advantage of market inefficiencies. Active management of the net equity exposure (-20% to +50%). Strong discipline of portfolio risk management to contain the downside. CARMIGNACLONG-SHORT EUROPEAN EQUITIES 3. Legal form and Member State in which the UCITS was established French mutual fund (Fonds Commun de Placement – FCP) established in France, governed by European Directive 2009/65/EC 4. Creation date and intended lifetime The fund was approved by the AMF on 21 January 1997. Upper Click on an indicator below to add it to the chart. Simple Moving Average Exponential Moving Average Bollinger Bands ® Parabolic SAR Price Channel Time Series Forecast Linear Regression Moving Average Envelope. Lower. Base comparison. Change (1Y) Carmignac Absolute Return Europe A EUR Acc. FR0010149179:EUR. Performancecharts for Carmignac Portfolio - Long-Short European Equities Fund (CARPPFE) including intraday, historical and comparison charts, technical analysis and trend lines. Riskassociated with the Long/Short Strategy: This risk is linked to long and/or short positions designed to adjust net market exposure. The fund may suffer CARMIGNACLONG-SHORT EUROPEAN EQUITIES GLOSSARY Alpha: Alpha measures the performance of a portfolio compared to its reference indicator. Negative alpha means the fund performed less well than its reference indicator (e.g. if the indicator increased by 10% in one year and the fund increased by only 6%, its alpha is -4). Inthis context, European equities posted modest gains in the second quarter of 2023, Carmignac Portfolio 392, Carmignac Patrimoine 386, Carmignac Long-short European Equities 398, Carmignac Investissement 385, Carmignac Emergents 387, Carmignac Credit 2025 1947, Carmignac Euro-Entrepreneurs 396, Carmignac Court 0 50% 100% Sector and region weightings are calculated using only long position holdings of the portfolio. Objective The fund aims to achieve net positive CARMIGNACLONG-SHORT EUROPEAN EQUITIES PORTFOLIO BREAKDOWN. Equity Long Exposure 121.9% Equity Short Exposure -106.9% Equity Net Exposure 15.0% Equity Gross Exposure 228.8%. EQUITY EXPOSURE - 1 YEAR HORIZON (% AUM) (1)-20-10 0 10 20 30 40 50 05/22 08/22 11/22 02/23 05/23. NET SECTORIAL EXPOSURE. T7GZO.