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CPR Invest - Future Cities - I EUR - Acc ISIN : LU1989764151

CPR Invest - Future Cities - I EUR - Acc
I(C) - LU1989764151
Asset class: Equities
YTD
As of 10/09/2026
9.10%
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 10/09/2026
€177.88
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 10/09/2026
$39.83M
The Compartment's objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities which contribute to urbanisation and sustainable development of cities, while integrating Environmental, Social and Governance (E, S, and G - or, when taken together, ESG) criteria in the investment process.

NAVs

NAV from 09/17/2019 to 09/10/2026
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Created with Highcharts 11.4.8CPR Invest - Future Cities - I EUR - AccJan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '265075100125150175200

Performance

Change in NAV in base 100
FundCPR Invest - Future Cities - I EUR - Acc (77.88% over the period)
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Created with Highcharts 11.4.8CPR Invest - Future Cities - I EUR - AccBenchmarkJan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Future Cities - I EUR - Acc (77.88% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Future Cities - I EUR - AccBenchmarkJan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250

Portfolio Analysis

Repartition 08/31/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values38.17​38.1721.08​21.0811.81​11.817.82​7.826.78​6.786.17​6.174.47​4.472.82​2.8231.08​31.0810.66​10.668.74​8.743.83​3.837.76​7.762.34​2.3416.93​16.931.57​1.57PortfolioBenchmark024681012141618202224262830323436384042Information TechnologyIndustrialsConsumer DiscretionaryMaterialsCommunication ServicesUtilitiesFinancialsReal EstateHighcharts.com

Management commentary

Effective date: 31/08/2026Global equity markets returned to a positive momentum in August, supported by the quality of second-quarter earnings releases and by activity indicators that remained generally resilient. However, the geopolitical context remained volatile: the alternation of signs of easing and new episodes of tension in the US-Iran conflict did not allow for a lasting solution, maintaining a high risk premium on oil and, even more so, on refined products. These energy tensions, combined with persistent inflation, the scale of public financing needs, and questions about the sustainability of budgetary trajectories, kept pressure on long-term rates. This pressure was particularly pronounced in Europe and Japan, while US rates experienced high volatility before ending the month close to their late July levels. In this environment, the materials and energy sectors benefited from the rise in commodities, while the segments most sensitive to rates, notably real estate and utilities, suffered more. Technology nevertheless outperformed thanks to strong results and upward earnings revisions. Within the sector, the month was marked by a pronounced rotation in favor of software. After their sharp correction in July, semiconductors rebounded, still supported by strong investments in artificial intelligence infrastructure, but their progress remained clearly below that of software. Earnings releases confirmed the resilience of demand, as well as the first tangible effects of AI monetization in certain segments such as data and cybersecurity.

In this context, the fund rose by +0.95% over the month, compared to +1.69% for the benchmark index. The fund’s performance was driven by the software sector, and more specifically by cybersecurity software and the AI data platform Snowflake. Earnings releases in the sector highlighted that these software solutions benefited from accelerating volumes thanks to AI and agents, in particular. We also benefited from Adyen’s strong results, which showed an acceleration in volumes. Adyen also announced it had signed a partnership with OpenAI for Adyen Agentic, positioning itself as the payment layer between OpenAI agents and merchants. The fund’s lag relative to the index is therefore explained by our exposure to infrastructure and construction, segments that suffered from the rise in long-term rates and budgetary concerns.
During the month, we took some profits on our software exposures, given their very strong performance and now very rich valuations, despite still solid underlying momentum.

We believe we are entering a new phase of the AI-related infrastructure spending cycle, characterized by continued strong demand but increasingly dependent on market financing (capital increases and debt issuance), while supply is adjusting upwards through supplier diversification and the establishment of new capacities. Some business models, which seemed threatened by new AI models, have recently sent positive signals regarding their ability to retain a place in the new ecosystem. Moreover, the market environment seems more fragile to us, between the prolongation of the conflict in Iran, concerns related to budgetary spending, and the rise in long-term rates. In this context, we maintain a cautious approach, focused on stock selection, without major rotation. We are entering a phase of uncertainty in the AI value chain, between high industrial visibility and persistent uncertainties about financing and the US political context, with growing opposition to the granting of permits for the construction of new data centers. In this environment, we favor stocks offering opportunities that go beyond the simple continuation of the cycle.

Characteristics

General data

Inception date
17/09/2019
First Nav Date
17/09/2019
Currency
EUR
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Valuation
Daily
Minimum initial investment
100000 euros
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 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 costs0.96% of the value of your investment per year. This percentage is based on actual costs over the last year.€91.39
Transaction costs0.19% 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.€17.98
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% MSCI ACWI 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.

€5.51

Codification

ISIN code
LU1989764151
Bloomberg code
Reuters code

Investment Objective

The Compartment's objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities which contribute to urbanisation and sustainable development of cities, 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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