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CPR Invest - Global Gold Mines - I USD - Acc ISIN : LU1989766875

CPR Invest - Global Gold Mines - I USD - Acc
I USD(C) - LU1989766875
Asset class: Equities
YTD
As of 02/09/2026
15.32%
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 09/09/2026
$268.74
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 09/09/2026
$2.60B
The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.

NAVs

NAV from 10/16/2020 to 09/09/2026
Select period
Created with Highcharts 11.4.8CPR Invest - Global Gold Mines - I USD - AccJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '26Sep '…050100150200250300350

Performance

Change in NAV in base 100
Returns under control and temporarily unavailable for this fund

Portfolio Analysis

Repartition 08/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)CurrencySector allocation
Sector
Weight
Spread / Index
AGNICO EAG MINES-USDMaterials8.11%-1.32%
NEWMONT CORP USDMaterials6.32%-6.14%
FRANCO NEVADA CORP (USA)Materials5.31%0.65%
ANGLOGOLD ASHANTI PLC NYSEMaterials5.16%-0.05%
WHEATON PRECIOUS METALS CORPMaterials5.09%-1.25%
BARRICK MINING CORPMaterials3.94%-3.00%
KINROSS GOLD CORP USMaterials3.77%0.22%
GOLD FIELDS LTD-US-ADRMaterials3.45%-0.49%
EQUINOX GOLD CORP - USDMaterials3.03%1.72%
PAN AMER SILVER USDMaterials3.01%0.88%

Management commentary

Effective date: 31/08/2026Strong rebound in gold prices in August, as US debt soars with total outstanding now exceeding the $40T mark. The announcement by US Treasury Secretary Scott Bessent of a plan to buy back maturities over 10 years for an amount that could approach $1T had the effect of a bombshell, triggering a rally in gold prices to almost $4700/oz. But this was without counting on Fed Chairman Kevin Warsh, who dashed market hopes during his speech at Jackson Hall, insisting on maintaining his 2% inflation target and on the means to achieve it. Despite the pullback during the last week, gold prices ended with a monthly increase of ~9.5% ($)

In this context, investor interest in gold was rekindled and holdings of physically-backed gold ETCs jumped by almost 70 tonnes in August, returning to break-even since the start of the year.
 
Gold mining companies were not left behind in this environment, surging by more than 30% ($) in August, their best monthly performance since April 2020. The average gold prices expected by consensus for the whole of 2026 remained at $4545/oz, allowing for a stabilization of 12-month earnings expectations in August compared to July. It should be noted that after continued downward revisions, 12-month earnings expectations turned positive from mid-month, and remain up by ~15.5% since the start of the year.

Taking advantage of this momentum, the fund’s performance posted a sharp increase in August, close to that of its benchmark index. The best contributors to performance were the intermediate company Equinox Gold, the developers Novagold Resources and Gogold Resources, and the silver producer Aya Gold & Silver. In addition, the absence of exposure to Chinese companies Zijin and Zhaojin Mining, the Peruvian company Minas Buenaventura, the royalty company Triple Flag, as well as the underweighting of Barrick Mining, were also beneficial. Conversely, the main detractors were the developers Montage Gold, Omai Gold Mines and Skeena Resources, and the junior companies G Mining and Artemis Gold. The underweighting of Newmont Corp and the absence of exposure to Eldorado Gold and SSR Mining were also penalizing
 
Regarding portfolio management, two stocks exited the portfolio: Rio2 Ltd, which is developing two gold projects, and Bravo Mining, which is developing a platinum project in Brazil. Conversely, the main increases concerned Pan American Silver in silver, the senior companies Agnico Eagle, Newmont Corp and Anglogold Ashanti, the intermediate companies Alamos Gold, Zijin Gold, and the royalty/streaming companies Wheaton Precious Metals and Franco Nevada.
 

Characteristics

General data

Inception date
16/10/2020
First Nav Date
17/06/2002
Currency
USD
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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 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 costs1.11% of the value of your investment per year. This percentage is based on actual costs over the last year.$105.83
Transaction costs0.16% 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.$15.54
Incidental costs taken under specific conditions (Investment USD 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% NYSE ARCA GOLD MINERS 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
LU1989766875
Bloomberg code
CIGGMIU LX
Reuters code

Investment Objective

The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.

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
31/07/2025
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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