CPR Invest - Climate Action - A2 EUR - Acc ISIN : LU1902443776

Name: CPR Invest - Climate Action - A2 EUR - Acc
Brand: CPR ASSET MANAGEMENT
Price: 196.18 EUR

CPR Invest - Climate Action - A2 EUR - Acc

A2(C) - LU1902443776

Asset class: Equities

YTD

As of 26/08/2026

11.29%

Risk Indicator

1234567

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The risk indicator assumes you keep the product according to the holding period.

NAV

As of 26/08/2026

€196.70

SFDR Classification

Art. 8

Fund AUM

As of 26/08/2026

€1.77B

The investment objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities committed to limiting impact of climate change, while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.

Change in NAV in base 100

FundCPR Invest - Climate Action - A2 EUR - Acc (96.72% over the period)

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* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since incentive of the fund.

All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

Past performance does not guarantee future returns.The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.

Change in NAV in base 100 Rolling performances Year-on-year return (365 days)Annual returns Risk indicators Performances Scenarios

FundCPR Invest - Climate Action - A2 EUR - Acc (96.72% over the period)

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Management commentary

Effective date: 31/07/2026 In July, global equity markets moved in a more volatile environment, marked by escalating tensions between the United States and Iran, with second-round effects on energy prices, inflation expectations, and market sentiment. The Fed’s new communication policy, namely its willingness to no longer provide forward guidance, also slightly fueled volatility. At the same time, the AI theme underwent a significant adjustment, as valuation levels and positioning reached extreme levels. Even the slightest negative news, even with low impact, led to profit-taking. The market was particularly concerned to see Alphabet’s free cash flow generation turn negative; this news was interpreted as an early sign of a peak in its AI infrastructure investments. The emergence of a Chinese equipment manufacturer capable of producing DUV semiconductor manufacturing machines also fueled concerns about upcoming semiconductor overproduction. These factors drove a rotation from momentum and AI-related stocks to value and defensive sectors for most of the month, until the release of Microsoft and Amazon’s results on Thursday, August 30. These reports, which showed not only good profitability from AI infrastructure spending but also continued strong demand, marked a real turning point for the technology sector: initially, the beneficiaries of this spending, particularly semiconductors, rebounded sharply; subsequently, cloud providers began to outperform and catch up their year-to-date underperformance. Furthermore, half-year earnings releases proved extremely strong (with upward revisions to expected results) and resilient in the face of disruptions related to the Middle East conflict and inflationary pressures. Nevertheless, over the month, the AI theme underperformed through semiconductors and electrification companies, while energy (rising oil prices amid renewed tensions between the US and Iran) and financials (favorable market and economic environment, rising long-term rates) outperformed.

Over the period, the fund declined by 1.6%, underperforming its benchmark by 1%. The fund’s relative performance was penalized both by its absence from the energy sector (costing 40 basis points) and by its overweight in beneficiaries of AI data center construction spending, via the semiconductor segment. Within semiconductors, our positions in TSMC and KLA weighed on performance, while we benefited from our underweight in the memory segment and the strong resilience of Broadcom and Nvidia. In the end, our exposure to semiconductors cost us about 30 basis points. We also suffered from the absence of Amazon, costing around 20 basis points. Stock selection in healthcare, with AstraZeneca disappointing on a product development program, also penalized us by about 10 basis points. On the other hand, we benefited from the rebound of Deutsche Telekom, supported by the strong operational momentum of its US subsidiary T-Mobile and the dissipation of concerns related to a potential merger with the latter. We also benefited from good stock selection in the capital goods sector, with strong results from Schneider, Hitachi, and Saint-Gobain. Our overweight in Microsoft also brought us more than 40 basis points, thanks to a strong earnings release showing an acceleration in Azure and their AI Copilot offering, as well as reassuring commentary on the profitability of their AI investments. Over the month, we took advantage of the decline in semiconductors to buy back marginally, in order to limit the dilution of our exposure to this segment caused by falling prices. In particular, we initiated two new positions in semiconductor equipment manufacturers, with ASMI and Kioxia. We also increased our exposure to financials (Société Générale, Mizuho Financial Group, and S&P Global), to staples (Danone) and discretionary consumption (Ford), and we initiated a new position in medtech with Intuitive Surgical. We also took some profits on Apple, following the stock’s rebound as part of the rotation out of memory chips.

More constructive discussions between Iran and the United States, macroeconomic indicators that remain solid, earnings releases above expectations accompanied by more favorable outlooks, and the reassuring commentary from Microsoft and Amazon on the profitability of their AI investments, all argue in favor of a market rebound driven by cyclical sectors. We are thus maintaining the portfolio’s cyclical bias.

Costs Composition

	One-off costs upon entry or exit (Investment EUR 10,000)	If you exit after 1 year
Entry costs	This 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 €500.00
Exit costs	We do not charge an exit fee for this product, but the person selling you the product may do so.	€0.00
	Ongoing costs taken each year (Investment EUR 10,000)
Management fees and other administrative or operating costs	2.25% of the value of your investment per year. This percentage is based on actual costs over the last year.	€213.75
Transaction costs	0.28% 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.	€26.97
	Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees	There is no performance fee for this product.	€0.00

Language	Documents	Type	Closing Date
FI	KID PRIIPs	PDF	18/12/2025
EN	Annual Report	PDF	31/07/2025
	Prospectus	PDF	07/05/2026
	Semi-Annual report	PDF	31/01/2026
EN	Status	PDF	26/10/2016
EN	Annual impact report	PDF	31/12/2024

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 the Amundi 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". Amundi 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.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi

CPR Invest - Climate Action - A2 EUR - Acc ISIN : LU1902443776

Marketing Communication

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

Language	Documents	Type	Closing Date
FI	SFDR Website disclosures – Summary	PDF	21/05/2025
EN	SFDR Pre-contractual Annex	PDF	07/05/2026

CPR Invest - Climate Action - A2 EUR - Acc ISIN : LU1902443776

Marketing Communication

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

Sustainability-related disclosures