CPR Invest - Global Gold Mines - A EUR - Dist ISIN : LU1989765554
CPR Invest - Global Gold Mines - A EUR - Dist
A EUR(D) - LU1989765554
Asset class: Equities
YTD
As of 28/08/202619.54%
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€259.09
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026$2.63B
The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.
Marketing Communication
NAVs
NAV from 10/16/2020 to 08/28/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Global Gold Mines - A EUR - Dist (241.23% over the period)
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A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (D) absorbed by CPR Invest - Global Gold Mines - A EUR - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - Dist since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
FundCPR Invest - Global Gold Mines - A EUR - Dist (241.23% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AE (D) absorbed by CPR Invest - Global Gold Mines - A EUR - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A EUR - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AE (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - A EUR - Dist since its launch date.Performance published and achieved before the date of the change corresponds to a different strategy from the current one.
Portfolio Analysis
Repartition 07/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)CurrencySector allocation
Sector | Weight | Spread / Index | |
|---|---|---|---|
| AGNICO EAG MINES-USD | Materials | 7.66% | -1.41% |
| NEWMONT CORP USD | Materials | 5.96% | -6.31% |
| FRANCO NEVADA CORP (USA) | Materials | 5.63% | 0.53% |
| WHEATON PRECIOUS METALS CORP | Materials | 4.76% | -1.43% |
| ANGLOGOLD ASHANTI PLC NYSE | Materials | 4.71% | -0.28% |
| BARRICK MINING CORP | Materials | 4.26% | -3.29% |
| KINROSS GOLD CORP US | Materials | 3.78% | 0.25% |
| GOLD FIELDS LTD-US-ADR | Materials | 3.28% | -0.50% |
| EQUINOX GOLD CORP - USD | Materials | 2.94% | 2.05% |
| PAN AMER SILVER USD | Materials | 2.85% | 0.52% |
Management commentary
Effective date: 30/09/2024Continued rise in gold prices, which increased by +5.4% ($) in September, setting a new record at $2685.58/oz. The decline in the US dollar and real rates once again contributed to this trend, but it is also important to note the renewed interest in the yellow metal through physically backed ETCs, which saw an increase of 15 tonnes over the month, and 89 tonnes since their mid-May low. The same trend is observed in the futures markets with net-buyer open positions at their highest since March 2022.
The gold mining sector also performed well, but with lesser gains than physical gold. Although up significantly by ~29% ($) since the beginning of the year, their performance may seem disappointing relative to that of physical gold, especially since historically, they exhibit a performance leverage of 2/2.5x. This is even more notable as the 12-month profit outlook was again revised upwards by 6.7% in August, and now stands at 58% since the beginning of the year, the highest level since April 2013.
In M&A news, the acquisition of Centamin Plc by Anglogold Ashanti for £1.9 billion was announced.
In this context, the fund's performance has increased, but less than its benchmark index. The top contributors to performance were junior companies Lundin Gold and G Mining, developers Skeena Resources and Artemis Gold, as well as silver producers Aya Gold & Silver and Hecla Mining. Underexposures to Newmont Corp and Royal Gold were also beneficial. However, Orla Mining weighed on performance, and the lack of exposure to Chinese producers Zijin and Zhaojin Mining, to Centamin, and Cia de Minas Buenaventura was detrimental.
Regarding portfolio management, the main reinforcements concerned Endeavour Mining, Westgold Resources, G Mining, and Gold Fields. Conversely, the main reductions involved B2Gold, Franco Nevada, Newmont, Lundin Gold, and Northen Star.
The gold mining sector also performed well, but with lesser gains than physical gold. Although up significantly by ~29% ($) since the beginning of the year, their performance may seem disappointing relative to that of physical gold, especially since historically, they exhibit a performance leverage of 2/2.5x. This is even more notable as the 12-month profit outlook was again revised upwards by 6.7% in August, and now stands at 58% since the beginning of the year, the highest level since April 2013.
In M&A news, the acquisition of Centamin Plc by Anglogold Ashanti for £1.9 billion was announced.
In this context, the fund's performance has increased, but less than its benchmark index. The top contributors to performance were junior companies Lundin Gold and G Mining, developers Skeena Resources and Artemis Gold, as well as silver producers Aya Gold & Silver and Hecla Mining. Underexposures to Newmont Corp and Royal Gold were also beneficial. However, Orla Mining weighed on performance, and the lack of exposure to Chinese producers Zijin and Zhaojin Mining, to Centamin, and Cia de Minas Buenaventura was detrimental.
Regarding portfolio management, the main reinforcements concerned Endeavour Mining, Westgold Resources, G Mining, and Gold Fields. Conversely, the main reductions involved B2Gold, Franco Nevada, Newmont, Lundin Gold, and Northen Star.
Characteristics
General data
Inception date
16/10/2020First Nav Date
29/12/2011Currency
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 | This 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 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 | 2.05% of the value of your investment per year. This percentage is based on actual costs over the last year. | €194.56 | |
| 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. | €17.20 | |
| Incidental costs taken under specific conditions (Investment EUR 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% NYSE ARCA GOLD MINERS 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. | €0.00 | |
Codification
ISIN code
LU1989765554Bloomberg code
CIGGMAI LXReuters code
Investment Objective
The Compartment’s objective is to outperform (after applicable fees) the NYSE Arca Gold Miners index over a long-term period (minimum 5 years) by investing in international equities mainly involved in the mining of gold or other precious metals and minerals or other related mining activities.
Documents
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 11/08/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 07/05/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 01/01/2025 | |
EN | PDF | 07/05/2026 |
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