CPR Invest - Global Resources - F EURH - Acc ISIN : LU1989769895

CPR Invest - Global Resources - F EURH - Acc
F EUR Hgd(C) - LU1989769895
Asset class: Equities
YTD
As of 04/11/2026
11.56%
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.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 04/11/2026
€163.36
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 04/11/2026
$1.09B
The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.

NAVs

NAV from 16/10/2020 to 04/11/2026
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Created with Highcharts 11.4.8CPR Invest - Global Resources - F EURH - AccJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2675100125150175200

Performance

Change in NAV in base 100
FundCPR Invest - Global Resources - F EURH - Acc (52.07% over the period)
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Created with Highcharts 11.4.8ABCPR Invest - Global Resources - F EURH - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Resources - FHE (C) absorbed by CPR Invest - Global Resources - F EURH - Acc on Oct 16, 2020. CPR Invest - Global Resources - F EURH - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Resources - FHE (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Resources - F EURH - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
* 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 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Resources - F EURH - Acc (52.07% over the period)
Select period
Created with Highcharts 11.4.8ABCPR Invest - Global Resources - F EURH - AccBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '2650100150200250
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Resources - FHE (C) absorbed by CPR Invest - Global Resources - F EURH - Acc on Oct 16, 2020. CPR Invest - Global Resources - F EURH - Acc has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Resources - FHE (C) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Resources - F EURH - Acc since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
* 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.

Portfolio Analysis

Repartition 10/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Sector
Weight
Spread / Index
SHELL PLC GBPEnergy6.90%1.28%
EXXONMOBIL HOLDINGS CORPEnergy6.71%1.40%
TOTALENERGIES SE PARISEnergy5.28%1.60%
NUTRIEN LTDMaterials4.91%0.08%
CHEVRON CORPEnergy4.16%1.14%
FREEPORT-MCMORAN INCMaterials2.89%0.69%
BP PLCEnergy2.50%0.07%
UPM-KYMMENE OYJMaterials2.28%-0.60%
ENI SPA MILANEnergy2.21%1.10%
VYLOR INCConsumer Staples2.17%-0.11%

Management commentary

Effective date: 31/10/2026October 2026 was marked by a new surge in energy prices. Indeed, attacks on ships continued in the Strait of Hormuz, the Houthis claimed strikes against several Saudi refineries, and Donald Trump hinted that U.S. strikes on Iran could resume after the November 3 midterm elections.

The month revealed a marked divergence in natural resources.  
Energy was the big winner, with crude oil rising by 12 to 15% and energy stocks posting double-digit gains as the Middle East conflict intensified and major oil companies recorded record profits.  
Metals and mining suffered heavy losses — gold fell below $4,000/oz, silver dropped nearly 20%, and lithium stocks declined sharply — despite the relative resilience of copper amid record Chinese import demand and a historic collapse in Chilean supply.  
Agricultural products were the weakest pillar, with grains down 10 to 12% following a downward revision of stocks by the USDA, although sugar bucked the trend due to deficit fears linked to El Niño.

Mergers and acquisitions activity was most intense in energy (led by EQT/Range Resources at $12.8 billion) and metals (consolidation in copper and critical minerals), reflecting strategic positioning around supply security and the energy transition.

In this environment, the natural resources theme overall performed well, outperforming global equities. While the energy segment clearly stood out with gains, metals and mining paid the heaviest price. As for agriculture, it ranked mid-table, notably thanks to the greater resilience of the paper and wood industry.

In this context, the fund recorded a negative performance, contrasting with that of its benchmark index. Materials were the main detractor from performance, through industrial miners including diversified ones (Ivanhoe Mines, Osisko Metals, Hudbay Minerals, NGEX Minerals), copper producers (Ero Copper), aluminum, and also the gold sector. The sharp decline in lithium producers (Albemarle, SQM) and the underexposure to the paper sector, which proved more resilient, also weighed on performance. The energy sector also contributed negatively, through the uranium sector (Cameco, Nexgen Energy) and oil services. Conversely, the steel sector (Nucor) and integrated oil companies contributed positively.

Regarding portfolio management, we participated in the IPO of ABT Tungsten, which is developing a very promising project in Spain. In the gold sector, another stock was added to the portfolio: Equinox Gold, the second-largest gold producer in Canada, whose valuation is very attractive. First Quantum, whose reopening of the Cobre Panama mine could be announced soon, was also strengthened. Conversely, one stock was removed from the portfolio: Neste OYJ after a strong appreciation and more uncertain prospects. Furthermore, the main reductions concerned Wheaton Precious Metals, Agnico Eagle, Newmont, and Franco Nevada in precious metals; ExxonMobil, ENI SPA among integrated oil companies; Marathon Petroleum and Valero Energy in refining.

Characteristics

General data

Inception date
16/10/2020
First Nav Date
04/10/2012
Currency
EUR
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Valuation
Daily
Minimum initial investment
1 10/1000° share(s)/equity
Minimum additional investment
1 10/1000° share(s)/equity

Costs Composition

One-off costs upon entry or exit (Investment EUR 10,000)If you exit after 1 year
Entry costsWe do not charge an entry fee for this product.€0
Exit costsWe 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 costs2.91% of the value of your investment per year. This percentage is based on actual costs over the last year.€291.00
Transaction costs0.32% 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.€32.12
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% S&P GLOBAL NATURAL RESOURCES EUR HEDGED INDEX NR 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.

€0.00

Codification

ISIN code
LU1989769895
Bloomberg code
Reuters code

Investment Objective

The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.

Documents

LanguageDocumentsTypeClosing Date
FI
PDF
01/09/2026
EN
PDF
31/07/2025
PDF
01/10/2026
PDF
31/01/2026
EN
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 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
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