CPR Invest - Climate Ultra Short Term Bond - A EUR - Acc ISIN : LU2685405479

CPR Invest - Climate Ultra Short Term Bond - A EUR - Acc
A EUR(C) - LU2685405479
Asset class: Fixed Income
YTD
As of 16/09/2026
0.87%
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 16/09/2026
€107.05
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 16/09/2026
€73.54M
The fund’s objective, over an investment period of 6 months, is to outperform its benchmark (€STR + 0,15%), while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.

NAVs

NAV from 12/18/2023 to 09/16/2026
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Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - A EUR - AccJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '26Sep '2695100105110

Performance

Change in NAV in base 100
FundCPR Invest - Climate Ultra Short Term Bond - A EUR - Acc (7.05% over the period)
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Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - A EUR - AccBenchmarkJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '26Sep '2695100105110
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Climate Ultra Short Term Bond - A EUR - Acc (7.05% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - A EUR - AccBenchmarkJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '26Sep '2695100105110

Portfolio Analysis

Repartition 08/31/2026
Portfolio Breakdown by Maturity (Source: Amundi)
Created with Highcharts 11.4.8Values12.29​12.2929.32​29.3247.91​47.9110.48​10.48Portfolio02468101214161820222426283032343638404244464850520-3 month3 month - 1 Year1-3 yearsCashHighcharts.com

Management commentary

Effective date: 31/08/2026August 2026 was marked by concerns over the evolution of long-term rates. The deadlock in negotiations between Iran and the United States, punctuated by sporadic attacks, led to oil prices remaining volatile throughout the month, with Brent crude ending at $89 per barrel. The persistence of energy prices at high levels continued to fuel fears of accelerating inflation and thus weighed on bond markets. In response to this rise in long-term rates, U.S. Treasury Secretary Scott Bessent announced that Treasury purchases of long maturities would be at least doubled for the quarter. Inflation indices published in August, covering the month of July, delivered a mixed message. In the United States, headline inflation (CPI) slowed to 3.4% year-on-year, compared to 3.5% in June, while core inflation fell to 2.5%, its lowest level of the year. In the eurozone, by contrast, inflation accelerated to 2.9% in July, compared to 2.8% in June, driven higher by a renewed acceleration in the energy component (+10.3% year-on-year) linked to developments in oil and gas prices. Core inflation, meanwhile, came in at 2.5%. Activity surveys remained generally well oriented despite high energy prices. In the eurozone, the composite PMI rose for the third consecutive month, reaching 52.1 in August, its highest level since November, driven by German industry. In the United States, the ISM manufacturing index jumped to 55.6 in July, its highest level since May 2022, while the ISM services index held steady at 54.1. The July employment report, on the other hand, disappointed, with a loss of 23,000 non-farm jobs and significant downward revisions for previous months, even though the unemployment rate fell back to 4.1%, a thirteen-month low, due to a further decline in the participation rate.
 
None of the major central banks held a monetary policy committee meeting in August. The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh was reassuring about the labor market but concerned about the inflation trajectory. For the first time in his term, he provided guidance by saying that the Fed's attention should currently be focused primarily on price stability. In the eurozone, the ECB minutes suggested that a majority of Governing Council members would be ready to raise key rates in September to contain the effects of rising energy prices.
 
Bond yields generally increased over the month, particularly at the very end of the month after Kevin Warsh's speech. The U.S. 10-year yield ended the month at 4.74%, its highest level since the start of 2025. The German 10-year yield rose sharply, ending the month at 3.30%, its highest level since 2011, driven by expectations of ECB rate hikes. Sovereign spreads in the eurozone widened slightly.
 
Euro credit held up well over the month. In Investment Grade, spreads tightened by 1 bp to 76 bps, generating an outperformance of 7 bps versus sovereigns. However, the 12 bp rise in underlying yields to 3.8% led to a total return of -0.2%. The BBB segment and short maturities outperformed, while financials underperformed industrials (with Automotive and Telecoms leading). French banks also slightly underperformed in a context of widening OAT spreads. In High Yield, spreads tightened by 10 bps to 255 bps, an outperformance of 43 bps versus sovereigns and a total return of +0.4%. The BB and single-B segments outperformed CCCs. Finally, the primary market resumed in the third week, with a total of €40.8 billion in gross issuance, confirming the market's strong absorption capacity despite seasonally less favorable liquidity.

Summary of positions for the month:
  • The share of cash, including money market UCITS, is at 10.48% of assets
  • Credit sensitivity is down to 1.01
  • We have a rate sensitivity of 0.70, down over the month
  • The credit quality of the portfolio is solid with an average rating of A-
  • The overall ESG score stands at C versus D for the benchmark index

Characteristics

General data

Inception date
15/11/2023
First Nav Date
18/12/2023
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 6 months
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 EUR 10,000)
Management fees and other administrative or operating costs0.46% of the value of your investment per year. This percentage is based on actual costs over the last year.€21.85
Transaction costs0.05% 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.€2.35
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

20.00% annual outperformance of the reference asset 100% ESTR CAPITALISE + 0.15% (BASE 365). 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.

€0.43

Codification

ISIN code
LU2685405479
Bloomberg code
Reuters code
LP68792498

Investment Objective

The fund’s objective, over an investment period of 6 months, is to outperform its benchmark (€STR + 0,15%), while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.

Documents

LanguageDocumentsTypeClosing Date
FR
PDF
01/09/2026
PDF
31/07/2025
PDF
03/08/2026
PDF
31/01/2026
FR
PDF
31/08/2026
FR
PDF
26/10/2016
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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