CPR Invest - Climate Action - M2 EUR - Acc ISIN : LU2125048236

CPR Invest - Climate Action - M2 EUR - Acc
M2(C) - LU2125048236
Asset class: Equities
YTD
As of 09/09/2026
11.14%
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
€217.73
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 09/09/2026
€1.75B
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 03/11/2020 to 09/09/2026
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Created with Highcharts 11.4.8CPR Invest - Climate Action - M2 EUR - AccSep '20May '21Jan '22Sep '22May '23Jan '24Sep '24May '25Jan '26Sep '2675100125150175200225250

Performance

Change in NAV in base 100
FundCPR Invest - Climate Action - M2 EUR - Acc (124.26% over the period)
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Created with Highcharts 11.4.8CPR Invest - Climate Action - M2 EUR - AccBenchmarkSep '20May '21Jan '22Sep '22May '23Jan '24Sep '24May '25Jan '26Sep '2650100150200250300
*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 - Climate Action - M2 EUR - Acc (124.26% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Action - M2 EUR - AccBenchmarkSep '20May '21Jan '22Sep '22May '23Jan '24Sep '24May '25Jan '26Sep '2650100150200250300
*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 08/31/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values35.17​35.1715.27​15.2714.15​14.157.32​7.326.49​6.494.84​4.844.58​4.584.56​4.563.96​3.961.46​1.4631.20​31.2016.95​16.9510.59​10.598.49​8.497.69​7.698.72​8.724.65​4.653.80​3.802.33​2.331.56​1.56PortfolioBenchmark02468101214161820222426283032343638Information TechnologyFinancialsIndustrialsHealth CareCommunication ServicesConsumer DiscretionaryConsumer StaplesMaterialsUtilitiesReal EstateHighcharts.com

Management commentary

Effective date: 31/08/2026August started off rather well, with hopes for the restoration of traffic in the Strait of Hormuz. The rest of the month was more turbulent, with renewed tensions between Iran and the United States, new tariffs between the United States and Canada in particular, and intensified Russian bombings in Ukraine while the front appears to be stalled. From a macroeconomic perspective, activity remains well oriented in the United States, even though economic surprises are deteriorating, while Europe is in a more uncertain dynamic.
In response to this situation, the markets focused on the end of earnings releases and the outlook provided by companies, which remain positive and show strong growth.
Ultimately, equity markets reached new highs in August. The gold, "Momo," and technology sectors outperformed, while "Value" stocks, Treasury bonds, and fixed income securities underperformed.
However, concerns about "fiscal dominance," the credibility of the Fed, and the sharp rise in issuances led to an increase in interest rates, which weighed on equities from mid-month onwards. These concerns will persist as the level of government debt remains high and significant electoral deadlines are ahead of us (mid-terms, French presidential elections, elections in Italy).
 
In terms of sector performance, Materials driven by gold miners, Tech boosted by large caps, Energy by rising oil prices, and Health where Medtech is rebounding on low valuations, posted the best gains. Conversely, more defensive sectors affected by rising rates underperformed, including Utilities, Real Estate, Telecoms, and Consumer Staples.
 
During the month, the fund outperformed its benchmark index. The overweight in the Tech sector, although favorable from a trend perspective given the absolute gains recorded by this sector, was penalized by positions whose performance was below that of the sector benchmark—particularly Samsung Electronics, whose stock declined despite results exceeding forecasts, as investors were skeptical about the viability of the AI hardware market. The overweight in the industrial sector worsened the decline, with both allocation and selection effects proving negative. In Consumer, TJX ended sharply lower as a more promotional environment put pressure on prices. On the positive side, concentrated positions in ServiceNow, Publicis Groupe, and Merck & Co. each generated significant gains related to stock selection, supported by strong financial results, upward revisions of forecasts, and pipeline-related catalysts. The underweight in the financial sector, the only sector with a combined positive allocation and stock picking attribution, served as a marginal buffer, with good contributions from Mizuho, S&P Global, and Commerzbank.
 
In terms of movements, we took profits on Merck Inc after its strong post-quarterly results rally, and on Palo Alto in cybersecurity. We also began to reduce our exposure to French stocks exposed to France (Orange, BNP, Société Générale). Finally, we increased our positions in Eaton, Siemens Energy, Infineon, and AMD.
The evolution of the markets in the coming months will obviously depend on the movement of interest rates and the perception of risk associated with the debt levels of the world’s major economies, but also on upcoming electoral deadlines and the political noise that will surround them. At the microeconomic level, the question of the profitability of investments associated with artificial intelligence remains unresolved, as the upcoming increase in depreciation will continue to weigh on free cash flow. Finally, within industrial sectors, the uneven performances this summer raise questions about the valuation multiples that investors are willing to grant the benefit of the doubt to companies for which visibility remains excellent but whose earnings growth is no longer accelerating.

Characteristics

General data

Inception date
10/03/2020
First Nav Date
11/03/2020
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 10.00% 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 €1,000.00
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 costs1.17% of the value of your investment per year. This percentage is based on actual costs over the last year.€105.30
Transaction costs0.29% 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.€25.91
Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance feesThere is no performance fee for this product.€0.00

Codification

ISIN code
LU2125048236
Bloomberg code
CPICAME LX
Reuters code
LP68652646

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
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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