CPR Invest - Food For Generations - I2 EUR - Acc ISIN : LU1951341897

CPR Invest - Food For Generations - I2 EUR - Acc
I2(C) - LU1951341897
Asset class: Equities
YTD
As of 09/09/2026
5.79%
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
€95.38
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 09/09/2026
€331.84M
The compartment’s investment objective is to outperform global equity markets over a minimum five-year investment horizon by investing in international equities involved in the entire food value chain (agriculture, forest, water, food and beverage production and distribution, restaurants and all related activities). The investment process takes into account a sustainable approach by excluding certain companies with high Environmental Social and Governance controversies.

NAVs

NAV from 10/31/2022 to 09/09/2026
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - I2 EUR - AccJan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26859095100105110

Performance

Change in NAV in base 100
FundCPR Invest - Food For Generations - I2 EUR - Acc (-4.91% over the period)
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - I2 EUR - AccBenchmarkJan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2675100125150175200
*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 - Food For Generations - I2 EUR - Acc (-4.91% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Food For Generations - I2 EUR - AccBenchmarkJan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2675100125150175200
*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 12/31/2024
Main Lines in Portfolio (Source: Amundi)
Sector
Weight
Spread / Index
GEA GROUP AGIndustrials3.95%3.94%
PENTAIR PLCIndustrials3.90%3.87%
KERRY GROUP PLC-AConsumer Staples3.72%3.70%
DANONEConsumer Staples3.57%3.51%
SYMRISE AGMaterials3.45%3.43%
SEB SAConsumer Discretionary3.44%3.43%
COMPASS GROUP PLC GBPConsumer Discretionary3.05%2.97%
BRAMBLES LTDIndustrials2.91%2.88%
KONINKLIJKE AHOLD DELHAIZEConsumer Staples2.86%2.82%
SMURFIT WESTROCK PLC USDMaterials2.79%2.75%

Management commentary

Effective date: 31/08/2026August 2026 was marked by concerns about the evolution of long-term interest rates.  The deadlock in negotiations between Iran and the United States, punctuated by sporadic attacks, led the price of oil to remain volatile throughout the month, with Brent crude finishing at $89 per barrel.   The stagnation of energy prices at high levels continued to fuel fears of accelerating inflation and therefore weighed on bond markets.  In response to this rise in long-term rates, U.S. Treasury Secretary Scott Bessent announced that Treasury security buybacks on long maturities would be at least doubled for the quarter. 
None of the major central banks held a monetary policy committee in August. 
The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh appeared reassuring about the labor market but concerned about the inflation trajectory. He gave guidance for the first time in his mandate by saying that the Fed’s attention should currently preferentially focus on price stability. In the eurozone, the ECB minutes suggested that a majority of the Governing Council members would be ready to raise key interest rates in September to contain the effects of rising energy prices. In Japan, several BoJ officials indicated that the central bank should accelerate the pace of rate hikes, with markets now anticipating a strong probability of a hike to 1.25% as early as September. 
Bond yields generally increased over the month, especially at the very end after Kevin Warsh’s speech. The U.S. 10-year rate ended the month at 4.74%, its highest level since the beginning of 2025. The German 10-year rate rose significantly, ending the month at 3.30%, its highest level since 2011, due to expectations of ECB rate hikes. And sovereign spreads in the eurozone widened slightly. In Japan, the 10-year rate also increased to 2.92%, in anticipation of BoJ tightening. Finally, gold rebounded strongly, with a 9.6% increase over the month, its best monthly performance since January, supported by interventionist measures from the U.S. Treasury (intervention on the yen and increased Treasury security buybacks).
Equity markets resisted the volatility of oil prices well, supported by a renewed vigor in the theme of artificial intelligence. The S&P 500 recorded several new all-time highs during the month, approaching 7,800 points, before retreating slightly, finishing the month up 2.6%. The Eurostoxx 600 also reached a new record before giving up part of its gains, ending the month up 0.3%. The Nikkei rose 3% over the month, still supported by the semiconductor sector. Finally, the MSCI Emerging also recorded a solid performance (+3.2%), also driven by technology stocks.
Food for Generations posted gains for the month. The agriculture sector rose sharply, driven by a significant increase in grain prices following downward revisions to inventory levels. Agricultural machinery (Agco, Deere) and fertilizer (Nutrien) stocks saw strong gains. The Food Products sector benefited from robust sales momentum in the ingredients segment (Novonesis, DSM Firmenich), which offset declines among producers such as Danone. The Restaurants sector remained stable, as the drop in Compass (contract catering) was balanced by gains at Darden. The Water & Waste sector declined over the month; a drop in industrial stocks (Pentair, Kurita Water) was partially offset by gains in utilities (Severn Trent, United Utilities). The Food Retail sector fell significantly due to a slowdown in US sales growth, which weighed on Ahold Delhaize.
In Food Products, we favor ingredient companies that maintain strong sales momentum as well as producers outside the United States, as the U.S. market remains challenging. In Agriculture, salmon farming should benefit from a rise in selling prices in 2026. While salmon production increased significantly in 2025, its growth is expected to be very limited in 2026, supporting the rise in selling prices. The agricultural machinery market has been declining since 2023. After several months of production decline, inventory levels have normalized. The market has therefore stabilized and should reach its bottom in 2026. The European market is even expected to rebound as early as 2026. This should support this segment in the stock market. In the Water and Waste sector, our main positions are in water treatment companies that should benefit from the need to modernize water networks and improve water quality and recycling.
 

Characteristics

General data

Inception date
18/03/2019
First Nav Date
31/10/2022
Currency
EUR
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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 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 costs1.26% of the value of your investment per year. This percentage is based on actual costs over the last year.€119.61
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.€17.31
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance feesThere is no performance fee for this product.€0.00

Codification

ISIN code
LU1951341897
Bloomberg code
Reuters code

Investment Objective

The compartment’s investment objective is to outperform global equity markets over a minimum five-year investment horizon by investing in international equities involved in the entire food value chain (agriculture, forest, water, food and beverage production and distribution, restaurants and all related activities). The investment process takes into account a sustainable approach by excluding certain companies with high Environmental Social and Governance controversies.

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
EN
PDF
31/12/2024
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.
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