CPR Invest - Climate Bonds Euro - A CHFH - Acc ISIN : LU2401972190

CPR Invest - Climate Bonds Euro - A CHFH - Acc
A CHF(C) - LU2401972190
Asset class: Fixed Income
YTD
As of 02/09/2026
-2.27%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
1234567
Lower Risk
Higher Risk
The risk indicator assumes you keep the product according to the holding period.
NAV
As of 02/09/2026
CHF 97.00
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 02/09/2026
€534.71M
The Compartment’s objective is to outperform the Bloomberg Barclays Euro-Agg Corporate Total Return index (over any 3-year period,) by selecting bonds denominated in Euro issued by companies around the world committed to limiting impact of climate change. The investment process also integrates Environmental, Social and Governance criteria (E, S, and G – or, when taken together, ESG).

 

NAVs

NAV from 03/08/2022 to 09/02/2026
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Bonds Euro - A CHFH - AccApr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2686889092949698100102

Performance

Change in NAV in base 100
FundCPR Invest - Climate Bonds Euro - A CHFH - Acc (-2.83% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Bonds Euro - A CHFH - AccBenchmarkApr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2686889092949698100102
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Climate Bonds Euro - A CHFH - Acc (-2.83% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Bonds Euro - A CHFH - AccBenchmarkApr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2686889092949698100102

Portfolio Analysis

Repartition 07/31/2026
Portfolio Breakdown by Maturity (Source: Amundi)Portfolio Breakdown by Maturity (Source: Amundi)Breakdown by Rating (Source: Amundi)
Created with Highcharts 11.4.8Values0.03​0.031.27​1.271.49​1.491.41​1.410.61​0.610.05​0.050.02​0.020.56​0.561.02​1.021.01​1.010.96​0.960.65​0.65PortfolioBenchmark00.10.20.30.40.50.60.70.80.911.11.21.31.41.51.6[0 - 1 year][1 - 3 years][3 - 5 years][5 - 7 years][7 - 10 years][+ 10 years]Highcharts.com

Management commentary

Effective date: 31/07/2026July 2026 was marked by the end of negotiations and the resumption of hostilities between Iran and the United States. As a result, the price of Brent crude rose sharply in the first part of the month, reaching $100 per barrel, before slightly declining at the very end of the month to $89. Ultimately, its increase was 22% over the month, the largest rise since March. The erratic movement of inflation indices reflects the volatility of oil prices. In the United States, headline inflation surprised significantly to the downside for June, at 3.5%, partly due to lower energy prices that month but also thanks to a clear and broad-based decline in core inflation. Conversely, inflation surprised to the upside in the eurozone in July, at 2.9%, due to the rebound in oil prices.

Overall, business surveys are consistent with a moderate pace of growth. In the eurozone, the composite PMI rose from 50 to 51.9, thanks to an improvement in manufacturing but especially in services, thus returning to its highest level since the outbreak of the war in Iran. Moreover, GDP growth in Q2 came in at +0.4% quarter-on-quarter. In the United States, both the ISM manufacturing and services surveys declined slightly in June (to 53.4 and 54, respectively) but remain consistent with a growth rate of around 2%. The June employment report was not good and cast doubt on the previous three reports, which had been significantly better than expected. In particular, the private sector excluding healthcare returned to job losses. In Japan, PMI surveys remain well oriented with 54.7 for manufacturing and 51.9 for services. China, on the other hand, continues to stand out negatively, with the deterioration in the economic situation worsening over the month, as the composite PMI fell to its lowest level since 2022.

Several major central banks held their monetary policy meetings in July, but none decided to change their interest rate policy. The ECB left its deposit rate unchanged at 2.25% but opened the door to a hike in September, in response to renewed tensions in energy prices. For its part, the Fed did not change its key rates but was satisfied with the rise in bond yields since the previous meeting, in direct reaction to economic developments. Most notably, it confirmed a radical change in its communication regime: it will provide significantly less guidance than in the past. This also implies a regime change for the bond market. The Bank of Japan left its main policy rate at 1% but was quite assertive about a forthcoming tightening.

Bond yields rose sharply over the month, largely due to the rebound in oil prices. Ultimately, 10-year US and German yields climbed by about 30 bps over the month to end at 4.71% and 3.17%, respectively. In this context, 10-year inflation expectations in the eurozone on the 10-year bund€i rose from 1.84% to 2.03% at the end of July. In the United States, 10-year inflation expectations on the 10-year TIPS increased from 2.23% to 2.28% at the end of July.

Despite a context of high volatility, credit demonstrated good resilience. In Europe, spreads remained broadly unchanged over the month. On Euro Investment Grade, the spread stands at 61 bps (ICE BofA Euro Corporate index), just 1 bp above its annual low. However, total IG credit performance was negative in July (-0.97%), mainly penalized by the rise in sovereign yields. The High Yield segment outperformed Investment Grade, benefiting from higher carry and structurally shorter duration. Moreover, euro HY spreads tightened slightly in July, by 10 bps for the ICE BofA Euro BB-B index, to 197 bps. In this context, the total performance of the index came to -0.32%. Sector dispersion remained limited, although telecoms underperformed, penalized by technical factors related to sustained supply and increased competition. The automotive sector remains under pressure, in an environment where investors remain selective on cyclical stocks. The technology and energy sectors also posted weaker performance. Conversely, banks, chemicals, and basic materials were more resilient, benefiting from better relative performance in a market marked by high volatility. Finally, the quarterly earnings season started well, with overall solid results that continue to support a positive outlook for credit. European issuers remain, on the whole, financially disciplined and do not, at this stage, show any marked sign of a return to a re-leveraging cycle.
 
Position summary:
  • Credit sensitivity down from 4.00 to 3.77
  • The portfolio shows a slightly higher interest rate sensitivity at 4.86
  • The share of cash, including money market funds, is 4% of assets
 
The fund recorded a slightly larger decline than its benchmark in July (-0.97%). The decrease is mainly attributable to the rise in interest rates, while the credit component contributed positively to the fund’s performance. In terms of management actions, this month we reduced the portfolio’s credit exposure via iTraxx Xover protection (4%) as the deteriorating environment led us to adopt a more cautious approach. Credit beta thus fell from 1.43 to 1.22. We also reduced exposure to tight, subordinated issues. The arbitrages carried out, amounting to about 3%, did not significantly change the sector allocation during the month.

Characteristics

General data

Inception date
10/11/2021
First Nav Date
08/03/2022
Currency
CHF
Show more
Valuation
Daily
Minimum initial investment
1 thousandth unit(s)/share(s)
Minimum additional investment
1 thousandth unit(s)/share(s)

Costs Composition

One-off costs upon entry or exit (Investment CHF 10,000)If you exit after 1 year
Entry costsThis includes distribution costs of 5.00% of amount invested. This is the most you will be charged. The person selling you the product will inform you of the actual charge.Up to CHF 500.00
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.CHF 0.00
Ongoing costs taken each year (Investment CHF 10,000)
Management fees and other administrative or operating costs0.95% of the value of your investment per year. This percentage is based on actual costs over the last year.CHF 90.25
Transaction costs0.12% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.CHF 11.71
Incidental costs taken under specific conditions (Investment CHF 10,000)
Performance fees

20.00% annual outperformance of the reference asset 100% BLOOMBERG EURO-AGG CORPORATE (E) HEDGED TR Close. The calculation applies on each Net Asset Value calculation date in accordance with the terms described in the prospectus. Past underperformances over the last 5 years should be clawed back before any new accrual of performance fee.The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.

The performance fee is paid even if the performance of the share over the performance observation period is negative, while remaining higher than the performance of the Reference Asset.

CHF 4.75

Codification

ISIN code
LU2401972190
Bloomberg code
Reuters code

Investment Objective

The Compartment’s objective is to outperform the Bloomberg Barclays Euro-Agg Corporate Total Return index (over any 3-year period,) by selecting bonds denominated in Euro issued by companies around the world committed to limiting impact of climate change. The investment process also integrates Environmental, Social and Governance criteria (E, S, and G – or, when taken together, ESG).

 

Documents

LanguageDocumentsTypeClosing Date
DE
PDF
03/08/2026
EN
PDF
01/09/2026
FR
PDF
03/08/2026
PDF
31/07/2024
PDF
16/04/2026
PDF
31/01/2026
IT
PDF
03/08/2026
DE
PDF
31/07/2026
EN
PDF
31/07/2026
FR
PDF
31/07/2026
IT
PDF
31/07/2026
FR
PDF
26/10/2016
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only. Nothing contained in this site constitutes a solicitation or offer by any member of CPR Asset Management to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". CPR Asset Management does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.The Key investor Informations document (KIID) and the prospectus of the fund, as well as the annual and semi-annual reports are available free of charge on the website www.cpram.com and from the Representative or Paying Agents : CACEIS (SWITZERLAND) SA - 35 Route de Signy, CH-1260 Nyon, Suisse or CACEIS Bank, Montrouge, Succursale de Nyon - Route de Signy 35 - CH- 1260 Nyon, Suisse.
© CPR Asset Management 2025
Legal notices Accessibility: non-compliant Cookies preferences