CPR Invest - Food For Generations - R2 EUR - Acc ISIN : LU1951341970

CPR Invest - Food For Generations - R2 EUR - Acc
R2(C) - LU1951341970
Asset class: Equities
YTD
As of 28/08/2026
8.72%
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 28/08/2026
€93.59
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026
€342.02M
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 02/11/2022 to 08/28/2026
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - R2 EUR - AccApr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '2680859095100105

Performance

Change in NAV in base 100
FundCPR Invest - Food For Generations - R2 EUR - Acc (-6.52% over the period)
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Created with Highcharts 11.4.8CPR Invest - Food For Generations - R2 EUR - AccBenchmarkApr '22Jul '22Oct '22Jan '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 - R2 EUR - Acc (-6.52% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Food For Generations - R2 EUR - AccBenchmarkApr '22Jul '22Oct '22Jan '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: 31/07/2026July 2026 was shaped by the resurgence of hostilities between Iran and the United States. This led Brent crude oil to rally by 22%, peaking at $100 per barrel before easing slightly toward month-end to $89. Bond markets also came under pressure, with US 10-year Treasury yields ending the month at 4.71%.
Against this backdrop, equity markets delivered a mixed performance. The US market was broadly flat, down just 0.1%, while the Euro Stoxx 600 gained 1.2% and the Nikkei fell 8%. The month was marked by a clear sector rotation, with technology underperforming (-4.7%, including -14% for semiconductors) and capital moving toward financials (+5.8%, particularly less cyclical insurers) and more defensive areas such as consumer staples (+1.8%).

In this context, the fund rose by 1.43%, (A share net of fees) compared with a 0.12% decline for the MSCI World, resulting in 155 basis points of outperformance.
The agriculture sector showed good relative performance, supported by an increase in the price of corn, wheat, and soybeans. Inventories at the end of the 2026 season are expected to be stable or lower compared to 2025. Furthermore, the rise in oil prices makes biofuels and their agricultural raw materials more attractive. Fertilizers (CF Industries, Nutrien) and Bunge (soy processing) are among the strongest gainers. The Food Retail sector had mixed performance with a rebound from Sainsbury but a more challenging competitive environment in the United States (Ahold Delhaize). A similar trend was seen in the Water and Waste sector with a rise in utilities (United Utilities, American Water Works) but a sharp decline in Pentair in equipment due to a downward revision of its revenue outlook. After a good second quarter, the Food Products sector slowed down with a decline in ingredients (Glanbia) and manufacturers (Nestlé) despite initial earnings releases in line with expectations. The Restaurant sector suffered from a decline in Compass in contract catering despite good organic sales growth of 7% over the past quarter, in line with expectations.
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
11/02/2022
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 costs1.61% of the value of your investment per year. This percentage is based on actual costs over the last year.€152.95
Transaction costs0.19% 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.€18.00
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance feesThere is no performance fee for this product.€0.00

Codification

ISIN code
LU1951341970
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
03/08/2026
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.
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