CPR Invest - Global Gold Mines - A EUR - Dist ISIN : LU1989765554

CPR Invest - Global Gold Mines - A EUR - Dist
A EUR(D) - LU1989765554
Asset class: Equities
YTD
As of 26/08/2026
22.18%
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.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 26/08/2026
€264.82
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 26/08/2026
$2.70B
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 08/26/2026
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Created with Highcharts 11.4.8CPR Invest - Global Gold Mines - A EUR - DistJan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '2650100150200250300350

Performance

Change in NAV in base 100
FundCPR Invest - Global Gold Mines - A EUR - Dist (236.3% over the period)
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Created with Highcharts 11.4.8ABCPR Invest - Global Gold Mines - A EUR - DistBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '260100200300400500600
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (D) absorbed by CPR Invest - Global Gold Mines - A EUR - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - Dist since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
*All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Gold Mines - A EUR - Dist (236.3% over the period)
Select period
Created with Highcharts 11.4.8ABCPR Invest - Global Gold Mines - A EUR - DistBenchmarkJul '17Jul '18Jul '19Jul '20Jul '21Jul '22Jul '23Jul '24Jul '25Jul '260100200300400500600
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (D) absorbed by CPR Invest - Global Gold Mines - A EUR - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - Dist since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
*All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.

Portfolio Analysis

Repartition 07/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)CurrencySector allocation
Sector
Weight
Spread / Index
AGNICO EAG MINES-USDMaterials7.66%-1.41%
NEWMONT CORP USDMaterials5.96%-6.31%
FRANCO NEVADA CORP (USA)Materials5.63%0.53%
WHEATON PRECIOUS METALS CORPMaterials4.76%-1.43%
ANGLOGOLD ASHANTI PLC NYSEMaterials4.71%-0.28%
BARRICK MINING CORPMaterials4.26%-3.29%
KINROSS GOLD CORP USMaterials3.78%0.25%
GOLD FIELDS LTD-US-ADRMaterials3.28%-0.50%
EQUINOX GOLD CORP - USDMaterials2.94%2.05%
PAN AMER SILVER USDMaterials2.85%0.52%

Management commentary

Effective date: 30/09/2024Continued rise in gold prices, which increased by +5.4% ($) in September, setting a new record at $2685.58/oz. The decline in the US dollar and real rates once again contributed to this trend, but it is also important to note the renewed interest in the yellow metal through physically backed ETCs, which saw an increase of 15 tonnes over the month, and 89 tonnes since their mid-May low. The same trend is observed in the futures markets with net-buyer open positions at their highest since March 2022.

The gold mining sector also performed well, but with lesser gains than physical gold. Although up significantly by ~29% ($) since the beginning of the year, their performance may seem disappointing relative to that of physical gold, especially since historically, they exhibit a performance leverage of 2/2.5x. This is even more notable as the 12-month profit outlook was again revised upwards by 6.7% in August, and now stands at 58% since the beginning of the year, the highest level since April 2013.

In M&A news, the acquisition of Centamin Plc by Anglogold Ashanti for £1.9 billion was announced.

In this context, the fund's performance has increased, but less than its benchmark index. The top contributors to performance were junior companies Lundin Gold and G Mining, developers Skeena Resources and Artemis Gold, as well as silver producers Aya Gold & Silver and Hecla Mining. Underexposures to Newmont Corp and Royal Gold were also beneficial. However, Orla Mining weighed on performance, and the lack of exposure to Chinese producers Zijin and Zhaojin Mining, to Centamin, and Cia de Minas Buenaventura was detrimental.

Regarding portfolio management, the main reinforcements concerned Endeavour Mining, Westgold Resources, G Mining, and Gold Fields. Conversely, the main reductions involved B2Gold, Franco Nevada, Newmont, Lundin Gold, and Northen Star.

Characteristics

General data

Inception date
16/10/2020
First Nav Date
29/12/2011
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 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 costs2.05% of the value of your investment per year. This percentage is based on actual costs over the last year.€194.56
Transaction costs0.18% 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.€17.20
Incidental costs taken under specific conditions (Investment EUR 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
LU1989765554
Bloomberg code
CIGGMAI 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
EN
PDF
11/08/2026
PDF
31/07/2025
PDF
25/06/2026
PDF
31/01/2026
EN
PDF
26/10/2016
The net asset value (NAV) price is the value of one unit of the Fund as of the date listed. The NAV does not take into account any sales charges that may apply when shares are purchased or redeemed.
The prospectuses for the above Authorised Funds are available and may be obtained from the Manager or its authorised distributors. Investors should read the relevant prospectus before deciding to invest in the Funds. All applications for the Funds must be made on application forms accompanying the prospectus.
Past performance and any forecasts made are not indicative of future performance of the Funds. The information on this website is intended for general circulation without taking into account the specific investment objectives, financial situation or particular needs of any particular investor. An investor may wish to seek advice from a financial adviser regarding the suitability of any of the Funds before making a commitment to purchase units in the Funds. In the event an investor chooses not to do so, the investor should consider whether the Funds are suitable for him. For Funds that make payouts, the payouts are neither guaranteed nor assured unless specifically stated in the prospectus of the relevant fund. The Manager has the sole discretion to determine whether a payout is to be made and the rate and/or frequency of distribution.
Investments in the Funds are subject to investment risks, including the possible loss of the principal amount invested. Value of the units in the Funds and the income accruing to the units, if any, may fall or rise. Investors should read the Prospectus before making an investment decision.
Performances are also calculated without taking into account any tax that may lie with the product and/or the customer. The tax efffect depends on the customer’s individual situation and may change. Future returns will inter alia depend on market developments, the fund manager’s skill, the fund’s level risk and subscription and redemtion fees.
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 listed below : Representative : AMUNDI SINGAPORE LTD - 168 Robinson Road 24-01, Capital Tower - Singapore 068912
© CPR Asset Management 2025
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