CPR Invest - Global Resources - P EUR - Acc ISIN : LU2637162996

CPR Invest - Global Resources - P EUR - Acc
P EUR - Acc(C) - LU2637162996
Asset class: Equities
YTD
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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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NAV
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SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
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The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.

NAVs

NAV from 05/11/2026 to 01/01/1970
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Data range not available

Performance

Change in NAV in base 100
FundCPR Invest - Global Resources - P EUR - Acc (0% over the period)
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Data range not available
*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 Resources - P EUR - Acc (0% over the period)
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Data range not available
*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 10/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Sector
Weight
Spread / Index
SHELL PLC GBPEnergy6.90%1.28%
EXXONMOBIL HOLDINGS CORPEnergy6.71%1.40%
TOTALENERGIES SE PARISEnergy5.28%1.60%
NUTRIEN LTDMaterials4.91%0.08%
CHEVRON CORPEnergy4.16%1.14%
FREEPORT-MCMORAN INCMaterials2.89%0.69%
BP PLCEnergy2.50%0.07%
UPM-KYMMENE OYJMaterials2.28%-0.60%
ENI SPA MILANEnergy2.21%1.10%
VYLOR INCConsumer Staples2.17%-0.11%

Management commentary

Effective date: 31/10/2026October 2026 was marked by a new surge in energy prices. Indeed, attacks on ships continued in the Strait of Hormuz, the Houthis claimed strikes against several Saudi refineries, and Donald Trump hinted that U.S. strikes on Iran could resume after the November 3 midterm elections.

The month revealed a marked divergence in natural resources.  
Energy was the big winner, with crude oil rising by 12 to 15% and energy stocks posting double-digit gains as the Middle East conflict intensified and major oil companies recorded record profits.  
Metals and mining suffered heavy losses — gold fell below $4,000/oz, silver dropped nearly 20%, and lithium stocks declined sharply — despite the relative resilience of copper amid record Chinese import demand and a historic collapse in Chilean supply.  
Agricultural products were the weakest pillar, with grains down 10 to 12% following a downward revision of stocks by the USDA, although sugar bucked the trend due to deficit fears linked to El Niño.

Mergers and acquisitions activity was most intense in energy (led by EQT/Range Resources at $12.8 billion) and metals (consolidation in copper and critical minerals), reflecting strategic positioning around supply security and the energy transition.

In this environment, the natural resources theme overall performed well, outperforming global equities. While the energy segment clearly stood out with gains, metals and mining paid the heaviest price. As for agriculture, it ranked mid-table, notably thanks to the greater resilience of the paper and wood industry.

In this context, the fund recorded a negative performance, contrasting with that of its benchmark index. Materials were the main detractor from performance, through industrial miners including diversified ones (Ivanhoe Mines, Osisko Metals, Hudbay Minerals, NGEX Minerals), copper producers (Ero Copper), aluminum, and also the gold sector. The sharp decline in lithium producers (Albemarle, SQM) and the underexposure to the paper sector, which proved more resilient, also weighed on performance. The energy sector also contributed negatively, through the uranium sector (Cameco, Nexgen Energy) and oil services. Conversely, the steel sector (Nucor) and integrated oil companies contributed positively.

Regarding portfolio management, we participated in the IPO of ABT Tungsten, which is developing a very promising project in Spain. In the gold sector, another stock was added to the portfolio: Equinox Gold, the second-largest gold producer in Canada, whose valuation is very attractive. First Quantum, whose reopening of the Cobre Panama mine could be announced soon, was also strengthened. Conversely, one stock was removed from the portfolio: Neste OYJ after a strong appreciation and more uncertain prospects. Furthermore, the main reductions concerned Wheaton Precious Metals, Agnico Eagle, Newmont, and Franco Nevada in precious metals; ExxonMobil, ENI SPA among integrated oil companies; Marathon Petroleum and Valero Energy in refining.

Characteristics

General data

Inception date
22/12/2023
First Nav Date
Currency
EUR
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Valuation
Daily
Minimum initial investment
10000 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 4.00% 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 €400.00
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 costs1.55% of the value of your investment per year. This percentage is based on actual costs over the last year.€148.80
Transaction costs0.32% 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.€30.84
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees

15.00% annual outperformance of the reference asset 15% of the performance realized by the Compartment relevant Shares Class above that of the reference asset. S&P Global Natural Resources Index. 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
LU2637162996
Bloomberg code
Reuters code

Investment Objective

The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.

Documents

LanguageDocumentsTypeClosing Date
EN
PDF
01/09/2026
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 2026
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