My account

CPR Invest - Climate Ultra Short Term Bond - I EUR - Acc ISIN : LU2685405552

CPR Invest - Climate Ultra Short Term Bond - I EUR - Acc
Asset class: Fixed Income
YTD
As of 27/08/2026
1.18%
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.
1234567
Lower Risk
Higher Risk
The risk indicator assumes you keep the product according to the holding period.
NAV
As of 28/08/2026
€108.49
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026
€73.80M
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 11/15/2023 to 08/28/2026
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - I EUR - AccJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '2695100105110

Performance

Change in NAV in base 100
FundCPR Invest - Climate Ultra Short Term Bond - I EUR - Acc (8.52% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - I EUR - AccBenchmarkJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '2695100105110
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Climate Ultra Short Term Bond - I EUR - Acc (8.52% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Ultra Short Term Bond - I EUR - AccBenchmarkJan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25Jul '25Sep '25Nov '25Jan '26Mar '26May '26Jul '2695100105110

Portfolio Analysis

Repartition 07/31/2026
Portfolio Breakdown by Maturity (Source: Amundi)
Created with Highcharts 11.4.8Values6.95​6.9532.13​32.1349.37​49.3711.55​11.55Portfolio02468101214161820222426283032343638404244464850520-3 month3 month - 1 Year1-3 yearsCashHighcharts.com

Management commentary

Effective date: 31/07/2026The month of July 2026 was marked by the end of negotiations and the resumption of hostilities between Iran and the United States. As a result, the price of Brent crude rose sharply in the first part of the month, reaching $100, before slightly declining at the very end of the month to $89. Ultimately, its increase was 22% over the month, the strongest rise since March.
The volatile movement of inflation indices reflects the fluctuations in oil prices. In the United States, headline inflation surprised significantly on the downside for June, at 3.5%, partly due to lower energy prices that month but also thanks to a clear and broad-based decline in core inflation. Conversely, inflation surprised on the upside in the eurozone in July, at 2.9%, due to the rebound in oil prices.

Overall, business surveys are consistent with a moderate pace of growth. In the eurozone, the composite PMI rose from 50 to 51.9, thanks to an improvement in industry but especially in services, thus returning to its highest level since the outbreak of the war in Iran. Moreover, GDP growth in Q2 came in at +0.4% quarter-on-quarter. In the United States, both the ISM manufacturing and services surveys fell slightly in June (to 53.4 and 54, respectively) but remain consistent with a growth rate of around 2%. The June employment report was not good and cast doubt on the previous three reports, which had been significantly better than expected. In particular, the private sector excluding healthcare returned to job losses. In Japan, PMI surveys remain well oriented with 54.7 for manufacturing and 51.9 for services. China, on the other hand, continues to stand out negatively, with the economic downturn worsening over the month, as the composite PMI fell to its lowest level since 2022.

Several major central banks held their monetary policy meetings in July, but none decided to change their interest rate policy. The ECB left its deposit rate unchanged at 2.25% but opened the door to a hike in September, in response to renewed tensions in energy prices. The Bank of Japan kept its main policy rate at 1% but was fairly aggressive about a forthcoming tightening. For its part, the Fed did not change its policy rates but was satisfied with the rise in bond yields since the previous meeting, in direct reaction to economic developments. Most notably, it confirmed a radical shift in its communication regime: it will provide significantly less guidance than in the past. This also implies a regime change for the bond market.

Bond yields rose sharply over the month, largely due to the rebound in oil prices. Ultimately, 10-year US and German yields climbed by about 30 bps over the month to end at 4.71% and 3.17%, respectively. In Europe, credit spreads remained roughly unchanged over the month, staying below the levels seen before the war in Iran. The price of gold also ended the month virtually unchanged.

Summary of positions for the month:
  • The share of cash, including money market UCITS, is at 11.55% of assets
  • Credit sensitivity is down to 1.04
  • We have an interest rate sensitivity of 0.73, 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
15/11/2023
Currency
EUR
Show more
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 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 costs0.18% of the value of your investment per year. This percentage is based on actual costs over the last year.€8.50
Transaction costs0.04% 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.€1.87
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

20.00% annual outperformance of the reference asset 20% of the difference between the net assets of the Share Class and the Reference Asset. Performance indicator : €STR + 0,15%. ESMA methodology since 01/01/2022. 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.

€1.33

Codification

ISIN code
LU2685405552
Bloomberg code
CIMUSIE LX
Reuters code
LP68788211

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
18/12/2025
PDF
31/07/2025
PDF
07/05/2026
PDF
31/01/2026
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.
© CPR Asset Management 2025
Legal notices Accessibility: non-compliant Cookies preferences