CPR Invest - Climate Action - A CZKH - Acc ISIN : LU2360924026

CPR Invest - Climate Action - A CZKH - Acc
A(C) - LU2360924026
Asset class: Equities
YTD
As of 23/10/2026
10.67%
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 23/10/2026
CZK 163.79
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 23/10/2026
€1.71B
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 13/08/2021 to 23/10/2026
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Created with Highcharts 11.4.8CPR Invest - Climate Action - A CZKH - AccSep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2680100120140160180

Performance

Change in NAV in base 100
FundCPR Invest - Climate Action - A CZKH - Acc (64.32% over the period)
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Created with Highcharts 11.4.8CPR Invest - Climate Action - A CZKH - AccBenchmarkSep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2675100125150175200225
*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 - A CZKH - Acc (64.32% over the period)
Select period
Created with Highcharts 11.4.8CPR Invest - Climate Action - A CZKH - AccBenchmarkSep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '25May '25Sep '25Jan '26May '26Sep '2675100125150175200225
*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 09/30/2026
Sector allocationMain Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)Currency
Created with Highcharts 11.4.8Values36.18​36.1815.23​15.2313.54​13.547.66​7.666.42​6.424.60​4.604.35​4.354.28​4.283.82​3.821.41​1.4133.01​33.0116.26​16.2610.31​10.318.49​8.498.00​8.008.21​8.214.55​4.553.51​3.512.25​2.251.46​1.46PortfolioBenchmark02468101214161820222426283032343638Information TechnologyFinancialsIndustrialsHealth CareCommunication ServicesConsumer DiscretionaryConsumer StaplesMaterialsUtilitiesReal EstateHighcharts.com

Management commentary

Effective date: 30/09/2026Over the period, equity markets demonstrated remarkable resilience, overcoming the rise in oil prices, geopolitical tensions, and the increase in U.S. Treasury yields, with the ten-year rate briefly crossing the 5% threshold. Faced with persistent inflation, the Federal Reserve and several other central banks maintained a restrictive stance, causing episodes of volatility and a steepening of yield curves. Nevertheless, earnings growth, abundant liquidity, and the lack of truly attractive alternatives continued to support equity indices.
 
Market gains remained concentrated on a limited number of stocks, led by mega-cap technology companies and the ongoing enthusiasm around artificial intelligence. Semiconductor stocks proved volatile, penalized by particularly demanding expectations, while software, cybersecurity, and certain hyperscalers benefited from signs of accelerated adoption. Significant investments in data centers continue to create powerful tailwinds for electrification, power grids, and energy infrastructure.
A certain rotation occurred in favor of healthcare, banks, and materials. The financial sector is expected to benefit from the prolonged maintenance of high interest rates, although European fiscal vulnerabilities require a selective approach. Copper producers and mining groups, meanwhile, are supported by the prospect of a sustainably constrained supply. Conversely, duration-sensitive stocks, utilities, real estate companies, and certain industrials came under pressure. Consumer discretionary companies and the European automotive industry remain vulnerable to rising oil prices, high costs, and intensifying Chinese competition.
 
Artificial intelligence remains the main driver of the market. Investments in data centers, cloud, and computing infrastructure continue at a brisk pace, benefiting hyperscalers, certain semiconductor companies, cybersecurity solution providers, as well as companies exposed to electrification and power grids. However, expectations are now at particularly high levels, while market gains remain driven by a narrow circle of companies, creating an environment increasingly conducive to occasional profit-taking.
 
In September, the fund outperformed its benchmark index. Financials were the main driver of outperformance during the month. Eurobank gained 8%, benefiting from Greece’s reintegration into European indices, which revived investor interest in the country’s banking sector. Conversely, Bank of America weighed on performance after issuing a revenue warning, though this did not undermine the sector’s overall positive contribution.
Technology also made a substantial contribution, mainly thanks to semiconductors. TSMC rose by 10% after reporting results above expectations and providing encouraging outlooks regarding the ramp-up of its production capacities by 2027. AMD also supported performance with solid results. Industrial stocks made a more modest but nonetheless positive contribution, thanks to the strong performance of Eaton, Johnson Controls, and Hitachi. The segment continues to benefit from the powerful structural support of electrification.
On the other hand, within communication services, Orange was penalized by sluggish growth in France and ongoing concerns about its debt and the intensity of competition. The portfolio’s lack of exposure to Meta, whose stock soared by 29%, was also a relative drag. The more defensive segments of the market, notably basic consumption and utilities, suffered from the rise in interest rates. Meanwhile, in consumer discretionary, declines in Home Depot (-10%) and CATL (-19%) weighed on performance.
 
During the month, we closed our position in CSG within the defense segment. We also took profits on Applied Materials and reallocated capital to Tokyo Electron, thus maintaining our exposure to semiconductor equipment manufacturers while taking advantage of what we considered a more attractive entry point. We reduced our positions in Hitachi and Oracle, and significantly trimmed Palo Alto for valuation and risk management reasons, while strengthening Alphabet.
In the financial sector, the sale of BNP Paribas and the reduction of Société Générale helped finance an increase in ING. This move reflects a deliberate intention to reduce our exposure to France given the current environment. We also strengthened Eaton and initiated a position in Fresenius, whose defensive profile and earnings visibility we appreciate.
 
The main obstacle to further market gains remains the persistence of high interest rates. Inflationary pressures linked to energy prices, combined with rising fiscal concerns, continue to put pressure on bond yields. This environment penalizes long-duration stocks, utilities, real estate companies, and businesses whose outlooks particularly depend on easy access to financing.
The portfolio remains oriented towards growth and cyclical stocks, driven by strong convictions in semiconductors, industry, and electrification. We continue to adopt a disciplined approach to valuation, while exercising increased selectivity, particularly in software and cybersecurity.

Characteristics

General data

Inception date
15/07/2021
First Nav Date
13/08/2021
Currency
CZK
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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 CZK 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 CZK 12,500.00
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.CZK 0.00
Ongoing costs taken each year (Investment CZK 10,000)
Management fees and other administrative or operating costs1.96% of the value of your investment per year. This percentage is based on actual costs over the last year.CZK 4,643.13
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.CZK 683.86
Incidental costs taken under specific conditions (Investment CZK 10,000)
Performance fees

15.00% annual outperformance of the reference asset 100% MSCI ACWI CROSS HEDGED WITH EUR TO CZK NET RETURN 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.

CZK 11.88

Codification

ISIN code
LU2360924026
Bloomberg code
CPICAAC LX
Reuters code
LP68672413

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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