By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
Materials91.3%
PRIVATE PLACEMENT8.5%
Carne ISIN LU0175576296
Carne Konwave Gold Equity Fund
Carne Konwave Gold Equity Fund is an active equity fund from Carne, ISIN LU0175576296.
- Active
- Equity
- Global
The fund invests at least two thirds in shares and other investment securities from the gold industry sector. This sector comprises companies involved primarily in the exploration, production, processing and trade in gold but also in other precious metals. The Gold Equity Fund is suitable for investors with a high risk tolerance who are familiar with the particular investment opportunities and risks in the gold industry sector.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+34.0%
1 year return
+356.9%
3 year return
+249.0%
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
- 1 month −7.2%
- 3 months +16.3%
- Volatility, 3 years 34.4%
- Ongoing charge (OCF)
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 17 Oct 2026. Swipe or use the arrows for more panels.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
CA69.8%
AU15.2%
GB7.5%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 17 Oct 2026.
CA EQUITY69.8%
AU EQUITY15.2%
GB EQUITY7.9%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 17 Oct 2026.
-
1. BARRICK MINING CORPORATION9.3%
-
2. OR ROYALTIES INC.5.4%
-
3. ALAMOS GOLD INC.5.0%
-
4. EQUINOX GOLD CORP3.9%
-
5. NORTHERN STAR RESOURCES LTD3.5%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years34.4%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)1.36
Scale −1 to 3
- Largest fall from a peak (maximum drawdown), 3 years
- −35.6%
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.
Regulatory risk rating (SRRI)7 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
- ISIN
- LU0175576296
- Fund manager
- Walter, Gugerli, Meier
- Management company
- Carne Global Fund Managers (Luxembourg) S.A.
- Depositary
- State Street Bank International GmbH, Luxembourg Branch
- Benchmark
- FTSE Gold Mines ND
- Ongoing charge
- Share class launch date
- 30 Sep 2003
- Domicile
- LU
- Fund type
- open-ended fund
- SRRI
- 7 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
Managed by Carne
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Sector: FE Gl Not Yet Assigned
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