CPR Invest - Food For Generations - F EUR - Acc ISIN : LU1653749678
CPR Invest - Food For Generations - F EUR - Acc
F(C) - LU1653749678
Asset class: Equities
YTD
As of 23/10/202611.22%
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
As of 23/10/2026€122.31
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 23/10/2026€338.47M
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.
Marketing Communication
NAVs
NAV from 18/09/2017 to 23/10/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Food For Generations - F EUR - Acc (22.31% over the period)
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Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Food For Generations - F EUR - Acc (22.31% over the period)
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Portfolio Analysis
Repartition 09/30/2026
Weight | |
|---|---|
| GEA GROUP AG | 4.71% |
| KERRY GROUP PLC-A | 3.64% |
| UNILEVER PLC (GBP) | 3.32% |
| NOVONESIS (NOVOZYMES) B | 2.89% |
| COMPASS GROUP PLC USD | 2.82% |
| DANONE | 2.73% |
| CANADIAN PACIFIC KANSAS CITY USD | 2.68% |
| MOWI ASA | 2.61% |
| SGS SA-REG | 2.51% |
| KUBOTA CORP | 2.50% |
Management commentary
Effective date: 30/09/2026September 2026 was marked by the return of major central banks to monetary tightening: within the space of a week, the ECB, the Fed, and the BoJ all raised their key interest rates by 25 basis points, which is a first for these three central banks in the same month. This move occurred in a context of high energy prices. Indeed, the conflict between Iran and the United States intensified again at the beginning of the month, with attacks on both sides against ships near the Strait of Hormuz. Brent crude oil thus crossed back above the $100 mark on September 9, for the first time since July, before retreating slightly to end the month up 16% at $104.
Bond yields rose sharply over the month, due to the combined effect of rising oil prices and monetary tightening. The US 10-year yield gained about 50 basis points over the month, ending around 5.28%, its highest level since 2007. The German 10-year yield rose about 25 basis points to 3.55%, after reaching its highest level since 2009. In Japan, the 10-year yield crossed the 3% mark for the first time since 1996, finishing the month at 3.02%. Finally, gold was penalized by rising real interest rates and lost about 6% over the month, erasing much of its August gains.
Equity markets stalled in September, penalized by the rise in long-term rates. The S&P 500 ended the month roughly unchanged (down about 0.8%), while the financial sector significantly underperformed (down 7.3% over the month, its worst monthly performance since March 2023). The Eurostoxx 600 fell by 2.5%, marking its first monthly decline in six months. The Nikkei rose 0.7% over the month but recorded its first quarterly decline since early 2025. Finally, the MSCI Emerging Markets index slightly declined (down 0.8%), notably penalized by the Korean and Chinese markets.
Food for Generations declined over the month. The Water and Waste sector remained stable thanks to the strong rise of life-science tool manufacturers such as Agilent and Thermo Fisher, offset by declines in industrial stocks like Pentair and utilities (American Water Works). The Food Retail sector was penalized by declines in US Foods and Sysco, two companies supplying restaurants, mainly in the United States. The Agriculture sector declined in a context of a slight drop in grain prices after several months of significant increases. Agricultural machinery ended the month up (Deere, CNH Industrial) thanks to a rebound in demand, but fertilizers (Mosaic) and agricultural services (Bunge) fell significantly. Food Products fell sharply (Danone, Novonesis, Glanbia) amid pressure on demand and margins for American companies. The Restaurant sector also fell sharply (Darden), particularly in the United States, probably due to pressure on consumers' purchasing power.
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.
Bond yields rose sharply over the month, due to the combined effect of rising oil prices and monetary tightening. The US 10-year yield gained about 50 basis points over the month, ending around 5.28%, its highest level since 2007. The German 10-year yield rose about 25 basis points to 3.55%, after reaching its highest level since 2009. In Japan, the 10-year yield crossed the 3% mark for the first time since 1996, finishing the month at 3.02%. Finally, gold was penalized by rising real interest rates and lost about 6% over the month, erasing much of its August gains.
Equity markets stalled in September, penalized by the rise in long-term rates. The S&P 500 ended the month roughly unchanged (down about 0.8%), while the financial sector significantly underperformed (down 7.3% over the month, its worst monthly performance since March 2023). The Eurostoxx 600 fell by 2.5%, marking its first monthly decline in six months. The Nikkei rose 0.7% over the month but recorded its first quarterly decline since early 2025. Finally, the MSCI Emerging Markets index slightly declined (down 0.8%), notably penalized by the Korean and Chinese markets.
Food for Generations declined over the month. The Water and Waste sector remained stable thanks to the strong rise of life-science tool manufacturers such as Agilent and Thermo Fisher, offset by declines in industrial stocks like Pentair and utilities (American Water Works). The Food Retail sector was penalized by declines in US Foods and Sysco, two companies supplying restaurants, mainly in the United States. The Agriculture sector declined in a context of a slight drop in grain prices after several months of significant increases. Agricultural machinery ended the month up (Deere, CNH Industrial) thanks to a rebound in demand, but fertilizers (Mosaic) and agricultural services (Bunge) fell significantly. Food Products fell sharply (Danone, Novonesis, Glanbia) amid pressure on demand and margins for American companies. The Restaurant sector also fell sharply (Darden), particularly in the United States, probably due to pressure on consumers' purchasing power.
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
18/09/2017First Nav Date
18/09/2017Currency
EURShow more
Valuation
DailyMinimum initial investment
1 10/1000° share(s)/equityMinimum additional investment
1 10/1000° share(s)/equityCosts Composition
| One-off costs upon entry or exit (Investment EUR 10,000) | If you exit after 1 year | ||
| Entry costs | We do not charge an entry fee for this product. | €0 | |
| Exit costs | We 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 costs | 2.95% of the value of your investment per year. This percentage is based on actual costs over the last year. | €294.90 | |
| Transaction costs | 0.18% 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. | €18.22 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% MSCI WORLD 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. | €0.00 | |
Codification
ISIN code
LU1653749678Bloomberg code
CPRFGFA LXReuters code
LP68443174Investment 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
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 01/09/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 01/10/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 21/05/2025 | |
EN | PDF | 03/08/2026 |
The Funds has been passported into Sweden pursuant to the Swedish Securities Funds Act (as amended) (Sw. lag (2004:46) om värdepappersfonder), implementing the UCITS IV Directive and may accordingly be distributed to Swedish investors. The Key Investor Information Document (“KIID”) (in Swedish) and the prospectus for the funds, as well as the annual and semi-annual reports are also available from the Swedish paying agent free of charge. The name and details of the Swedish paying agent are MFEX MUTUAL FUNDS EXCHANGE AB – Grev Turegatan 19 – Box 5378 – 10249 Stockolm.
Entry and exit fees are not taken into account in the past returns. You may consider that those fees may impact the past performance
Entry and exit fees are not taken into account in the past returns. You may consider that those fees may impact the past performance