CPR Invest - Climate Action - A EUR - Acc ISIN : LU1902443420

CPR Invest - Climate Action - A EUR - Acc
Asset class: Equities
YTD
As of 26/08/2026
11.51%
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 26/08/2026
€213.66
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 26/08/2026
€1.77B
The investment objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities committed to limiting impact of climate change, while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.
 

NAVs

NAV from 12/07/2018 to 08/26/2026
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Action - A EUR - AccJan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2675100125150175200225250

Performance

Change in NAV in base 100
FundCPR Invest - Climate Action - A EUR - Acc (113.66% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Action - A EUR - AccBenchmarkJan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250300
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Climate Action - A EUR - Acc (113.66% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Action - A EUR - AccBenchmarkJan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '2650100150200250300

Portfolio Analysis

Repartition 07/31/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values33.76​33.7615.61​15.6114.22​14.227.35​7.357.09​7.095.32​5.324.89​4.894.34​4.344.01​4.011.53​1.5330.07​30.0717.36​17.3610.88​10.888.55​8.557.72​7.728.72​8.724.92​4.923.63​3.632.51​2.511.67​1.67PortfolioBenchmark024681012141618202224262830323436Information TechnologyFinancialsIndustrialsHealth CareCommunication ServicesConsumer DiscretionaryConsumer StaplesMaterialsUtilitiesReal EstateHighcharts.com

Management commentary

Effective date: 31/07/2026In July, global equity markets moved in a more volatile environment, marked by escalating tensions between the United States and Iran, with second-round effects on energy prices, inflation expectations, and market sentiment. The Fed’s new communication policy, namely its willingness to no longer provide forward guidance, also slightly fueled volatility. At the same time, the AI theme underwent a significant adjustment, as valuation levels and positioning reached extreme levels. Even the slightest negative news, even with low impact, led to profit-taking. The market was particularly concerned to see Alphabet’s free cash flow generation turn negative; this news was interpreted as an early sign of a peak in its AI infrastructure investments. The emergence of a Chinese equipment manufacturer capable of producing DUV semiconductor manufacturing machines also fueled concerns about upcoming semiconductor overproduction. These factors drove a rotation from momentum and AI-related stocks to value and defensive sectors for most of the month, until the release of Microsoft and Amazon’s results on Thursday, August 30. These reports, which showed not only good profitability from AI infrastructure spending but also continued strong demand, marked a real turning point for the technology sector: initially, the beneficiaries of this spending, particularly semiconductors, rebounded sharply; subsequently, cloud providers began to outperform and catch up their year-to-date underperformance. Furthermore, half-year earnings releases proved extremely strong (with upward revisions to expected results) and resilient in the face of disruptions related to the Middle East conflict and inflationary pressures. Nevertheless, over the month, the AI theme underperformed through semiconductors and electrification companies, while energy (rising oil prices amid renewed tensions between the US and Iran) and financials (favorable market and economic environment, rising long-term rates) outperformed.
 
Over the period, the fund declined by 1.6%, underperforming its benchmark by 1%. The fund’s relative performance was penalized both by its absence from the energy sector (costing 40 basis points) and by its overweight in beneficiaries of AI data center construction spending, via the semiconductor segment. Within semiconductors, our positions in TSMC and KLA weighed on performance, while we benefited from our underweight in the memory segment and the strong resilience of Broadcom and Nvidia. In the end, our exposure to semiconductors cost us about 30 basis points. We also suffered from the absence of Amazon, costing around 20 basis points. Stock selection in healthcare, with AstraZeneca disappointing on a product development program, also penalized us by about 10 basis points. On the other hand, we benefited from the rebound of Deutsche Telekom, supported by the strong operational momentum of its US subsidiary T-Mobile and the dissipation of concerns related to a potential merger with the latter. We also benefited from good stock selection in the capital goods sector, with strong results from Schneider, Hitachi, and Saint-Gobain. Our overweight in Microsoft also brought us more than 40 basis points, thanks to a strong earnings release showing an acceleration in Azure and their AI Copilot offering, as well as reassuring commentary on the profitability of their AI investments. Over the month, we took advantage of the decline in semiconductors to buy back marginally, in order to limit the dilution of our exposure to this segment caused by falling prices. In particular, we initiated two new positions in semiconductor equipment manufacturers, with ASMI and Kioxia. We also increased our exposure to financials (Société Générale, Mizuho Financial Group, and S&P Global), to staples (Danone) and discretionary consumption (Ford), and we initiated a new position in medtech with Intuitive Surgical. We also took some profits on Apple, following the stock’s rebound as part of the rotation out of memory chips.
 
More constructive discussions between Iran and the United States, macroeconomic indicators that remain solid, earnings releases above expectations accompanied by more favorable outlooks, and the reassuring commentary from Microsoft and Amazon on the profitability of their AI investments, all argue in favor of a market rebound driven by cyclical sectors. We are thus maintaining the portfolio’s cyclical bias.

Characteristics

General data

Inception date
07/12/2018
First Nav Date
07/12/2018
Currency
EUR
Show more
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 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 costs1.95% of the value of your investment per year. This percentage is based on actual costs over the last year.€185.25
Transaction costs0.28% 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.€26.97
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

15.00% annual outperformance of the reference asset 15% of the difference between the net assets of the Share Class and the Reference Asset. Performance indicator : MSCI All Country World Index (MSCI ACWI) Net Return Index. 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.

€2.47

Codification

ISIN code
LU1902443420
Bloomberg code
CPRCAEA LX
Reuters code
LP68528356

Investment Objective

The investment objective is to outperform global equity markets over a long-term period (minimum of five years) by investing in international equities committed to limiting impact of climate change, while integrating Environmental, Social and Governance (E, S, and G – or, when taken together, ESG) criteria in the investment process.
 

Documents

LanguageDocumentsTypeClosing Date
RO
PDF
18/12/2025
EN
PDF
31/07/2025
PDF
07/05/2026
PDF
31/01/2026
EN
PDF
31/12/2024
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only. Nothing contained in this site constitutes a solicitation or offer by any member of CPR Asset Management to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". CPR Asset Management does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.The Key investor Informations document (KIID) and the prospectus of the fund, as well as the annual and semi-annual reports are available free of charge on the website www.cpr-am.com and from the Representative or Paying Agents : CACEIS Bank France 1-3, place Valhubert 75013 Paris
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