CPR Invest - Food For Generations - A USD - Acc ISIN : LU2013745885

CPR Invest - Food For Generations - A USD - Acc
A USD(C) - LU2013745885
Asset class: Equities
YTD
As of 23/10/2026
6.97%
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 23/10/2026
$111.38
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 23/10/2026
€338.47M
The compartment’s investment objective is to outperform global equity markets over a minimum five-year investment horizon by investing in international equities involved in the entire food value chain (agriculture, forest, water, food and beverage production and distribution, restaurants and all related activities). The investment process takes into account a sustainable approach by excluding certain companies with high Environmental Social and Governance controversies.

NAVs

NAV from 14/10/2020 to 23/10/2026
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - A USD - AccJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2690100110120130

Performance

Change in NAV in base 100
FundCPR Invest - Food For Generations - A USD - Acc (11.35% over the period)
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - A USD - AccBenchmarkJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2675100125150175200225250
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Food For Generations - A USD - Acc (11.35% over the period)
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - A USD - AccBenchmarkJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2675100125150175200225250

Portfolio Analysis

Repartition 09/30/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Weight
GEA GROUP AG4.71%
KERRY GROUP PLC-A3.64%
UNILEVER PLC (GBP)3.32%
NOVONESIS (NOVOZYMES) B2.89%
COMPASS GROUP PLC USD2.82%
DANONE2.73%
CANADIAN PACIFIC KANSAS CITY USD2.68%
MOWI ASA2.61%
SGS SA-REG2.51%
KUBOTA CORP2.50%

Management commentary

Effective date: 30/09/2026September 2026 was marked by the return of major central banks to monetary tightening: within the space of a week, the ECB, the Fed, and the BoJ all raised their key interest rates by 25 basis points, which is a first for these three central banks in the same month. This move occurred in a context of high energy prices. Indeed, the conflict between Iran and the United States intensified again at the beginning of the month, with attacks on both sides against ships near the Strait of Hormuz. Brent crude oil thus crossed back above the $100 mark on September 9, for the first time since July, before retreating slightly to end the month up 16% at $104. 
Bond yields rose sharply over the month, due to the combined effect of rising oil prices and monetary tightening. The US 10-year yield gained about 50 basis points over the month, ending around 5.28%, its highest level since 2007. The German 10-year yield rose about 25 basis points to 3.55%, after reaching its highest level since 2009. In Japan, the 10-year yield crossed the 3% mark for the first time since 1996, finishing the month at 3.02%. Finally, gold was penalized by rising real interest rates and lost about 6% over the month, erasing much of its August gains. 
Equity markets stalled in September, penalized by the rise in long-term rates. The S&P 500 ended the month roughly unchanged (down about 0.8%), while the financial sector significantly underperformed (down 7.3% over the month, its worst monthly performance since March 2023). The Eurostoxx 600 fell by 2.5%, marking its first monthly decline in six months. The Nikkei rose 0.7% over the month but recorded its first quarterly decline since early 2025. Finally, the MSCI Emerging Markets index slightly declined (down 0.8%), notably penalized by the Korean and Chinese markets. 
Food for Generations declined over the month. The Water and Waste sector remained stable thanks to the strong rise of life-science tool manufacturers such as Agilent and Thermo Fisher, offset by declines in industrial stocks like Pentair and utilities (American Water Works). The Food Retail sector was penalized by declines in US Foods and Sysco, two companies supplying restaurants, mainly in the United States. The Agriculture sector declined in a context of a slight drop in grain prices after several months of significant increases. Agricultural machinery ended the month up (Deere, CNH Industrial) thanks to a rebound in demand, but fertilizers (Mosaic) and agricultural services (Bunge) fell significantly. Food Products fell sharply (Danone, Novonesis, Glanbia) amid pressure on demand and margins for American companies. The Restaurant sector also fell sharply (Darden), particularly in the United States, probably due to pressure on consumers' purchasing power.
In Food Products, we favor ingredient companies that maintain strong sales momentum as well as producers outside the United States, as the U.S. market remains challenging. In Agriculture, salmon farming should benefit from a rise in selling prices in 2026. While salmon production increased significantly in 2025, its growth is expected to be very limited in 2026, supporting the rise in selling prices. The agricultural machinery market has been declining since 2023. After several months of production decline, inventory levels have normalized. The market has therefore stabilized and should reach its bottom in 2026. The European market is even expected to rebound as early as 2026. This should support this segment in the stock market. In the Water and Waste sector, our main positions are in water treatment companies that should benefit from the need to modernize water networks and improve water quality and recycling.

Characteristics

General data

Inception date
04/07/2019
First Nav Date
14/10/2020
Currency
USD
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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 USD 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 $500.00
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 USD 10,000)
Management fees and other administrative or operating costs1.95% of the value of your investment per year. This percentage is based on actual costs over the last year.$185.16
Transaction costs0.18% 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.$17.31
Incidental costs taken under specific conditions (Investment USD 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% MSCI WORLD 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
LU2013745885
Bloomberg code
Reuters code

Investment Objective

The compartment’s investment objective is to outperform global equity markets over a minimum five-year investment horizon by investing in international equities involved in the entire food value chain (agriculture, forest, water, food and beverage production and distribution, restaurants and all related activities). The investment process takes into account a sustainable approach by excluding certain companies with high Environmental Social and Governance controversies.

Documents

LanguageDocumentsTypeClosing Date
FR
PDF
01/09/2026
PDF
31/07/2025
PDF
03/08/2026
PDF
31/01/2026
FR
PDF
31/03/2026
FR
PDF
31/12/2025
PDF
26/10/2016
FR
PDF
31/12/2025
This site does not constitute in any way a solicitation or an offer to buy or sell securities. The information it contains is intended to inform the subscriber by supplementing certain financial characteristics of the OPC appearing in the Key Information Document (KID PRIIPs) or in the prospectus. As a result, this information is inevitably partial and is subject to change. The KID PRIIPs or the prospectus must be offered to subscribers prior to subscription, provided upon subscription and made available to the public upon request, as well as the latest financial statements available.
Data relating to past performance does not take into account any entry fees and exit fees on subscriptions and redemptions of units. These fees may impact past performance.
The funds and securities mentioned above are in no way sponsored, recommended or promoted by the sponsor of the reference index or benchmark used. The sponsor of the reference index or benchmark is not legally and legally responsible for the funds, securities, indices or any funds or securities on which these are based.
References of the local representative or paying agent from whom the legal documents are available free of charge: CACEIS Bank France 1-3, place Valhubert 75013 Paris.
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