CPR Invest - Global Resources - A USD - Dist ISIN : LU1989770398
CPR Invest - Global Resources - A USD - Dist
A USD(D) - LU1989770398
Asset class: Equities
YTD
As of 07/10/202617.22%
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.
1234567
Lower Risk
Higher Risk
The risk indicator assumes you keep the product according to the holding period.
NAV
As of 07/10/2026$194.57
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 07/10/2026$1.12B
The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.
Marketing Communication
NAVs
NAV from 10/16/2020 to 10/07/2026
Select period
Performance
Change in NAV in base 100
FundCPR Invest - Global Resources - A USD - Dist (120.47% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Resources - AU (D) absorbed by CPR Invest - Global Resources - A USD - Dist on Oct 16, 2020. CPR Invest - Global Resources - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Resources - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Resources - A USD - 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 Resources - A USD - Dist (120.47% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Resources - AU (D) absorbed by CPR Invest - Global Resources - A USD - Dist on Oct 16, 2020. CPR Invest - Global Resources - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Resources - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Resources - A USD - 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 09/30/2026
Sector | Weight | Spread / Index | |
|---|---|---|---|
| SHELL PLC GBP | Energy | 5.98% | 0.96% |
| EXXONMOBIL HOLDINGS CORP | Energy | 5.93% | 1.18% |
| NUTRIEN LTD | Materials | 5.00% | -0.10% |
| TOTALENERGIES SE PARIS | Energy | 4.88% | 1.38% |
| CHEVRON CORP | Energy | 3.63% | 0.91% |
| FREEPORT-MCMORAN INC | Materials | 3.07% | 0.67% |
| UPM-KYMMENE OYJ | Materials | 2.52% | -0.72% |
| AGNICO EAG MINES-USD | Materials | 2.40% | 0.18% |
| CORTEVA INC | Materials | 2.27% | -0.20% |
| NEWMONT CORP USD | Materials | 2.22% | -0.72% |
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.
The materials sector faced several simultaneous headwinds. Gold fell sharply as there was a significant rise in the US 10-year real interest rates of almost 50 basis points and a 2% appreciation of the US dollar against major currencies. Gold producers were heavily sold in September. Copper experienced a volatile month: prices reached a record high at the beginning of the month due to tight supply and tariff expectations, which supported copper stocks, but then fell sharply on September 10 after Reuters reported that the White House had blocked tariffs on refined copper due to concerns about affordability. Lithium stocks were the most affected subsector, penalized by persistent concerns of oversupply and declining political support in China. Fertilizer stocks were impacted by Trump's announcement of a potential potash deal with Belarus.
The energy sector was divided between refiners and upstream/oilfield services. Retail diesel prices in the United States climbed to record levels above $6.50 per gallon, driven by the ongoing war between the United States and Iran disrupting flows through the Strait of Hormuz and Ukrainian strikes on Russian refineries. This created a strong tailwind for refining margins — the ultra-low sulfur diesel margin reportedly reached about $106 per barrel — which significantly boosted profits and refining stocks until mid-month. However, the rally stopped in the last two weeks, with reports that the Trump administration was preparing a 90-day diesel export ban, triggering massive one-day sell-offs in refiner stocks. Oilfield services and the uranium/nuclear sectors significantly underperformed. Companies exposed to LNG benefited from the energy supply shock, with Shell's final investment decision (FID) on phase 2 of the LNG Canada project (doubling capacity to 28 mtpa) providing a catalyst at the end of the month.
In this environment, the natural resources theme posted a significantly negative performance, far worse than global equities. While the energy sector proved the most resilient, metals and mining were particularly affected. The agriculture sector ranked in the middle of the pack.
In this context, the fund recorded a markedly negative performance, underperforming its benchmark index. Materials were the main detractor from performance, notably through metals and mining including gold miners (Kinross Gold, Agnico Eagle), diversified miners (Solaris Resources, Nouveau Monde Graphite), lithium producers (Standard Lithium, Albemarle), and aluminum (Alcoa). The underexposure to the paper and wood industry, which proved more defensive, was also penalizing. The energy sector also contributed negatively through uranium (Cameco Corp, Nexgen Energy) and the overweight in oilfield services. Conversely, the refining sector and the absence of exposure to pure exploration/production stocks were beneficial.
Regarding portfolio management, a new stock was added to the portfolio: Energy Fuels, which develops uranium and rare earth projects in the United States. Furthermore, the main increases concerned the energy sector, through integrated oil companies Shell Plc, BP Plc, and Chevron Corp, oilfield services including Vallourec, and uranium via Nexgen Energy. Conversely, one stock was removed from the portfolio: Ingredion Inc, in favor of an increase in Bunge Global in agricultural products. Additionally, the main reductions concerned Gold Fields and Newmont Corp among gold miners, Ero Copper in copper, West Fraser in the wood industry, and Stee Dynamics in steel.
The materials sector faced several simultaneous headwinds. Gold fell sharply as there was a significant rise in the US 10-year real interest rates of almost 50 basis points and a 2% appreciation of the US dollar against major currencies. Gold producers were heavily sold in September. Copper experienced a volatile month: prices reached a record high at the beginning of the month due to tight supply and tariff expectations, which supported copper stocks, but then fell sharply on September 10 after Reuters reported that the White House had blocked tariffs on refined copper due to concerns about affordability. Lithium stocks were the most affected subsector, penalized by persistent concerns of oversupply and declining political support in China. Fertilizer stocks were impacted by Trump's announcement of a potential potash deal with Belarus.
The energy sector was divided between refiners and upstream/oilfield services. Retail diesel prices in the United States climbed to record levels above $6.50 per gallon, driven by the ongoing war between the United States and Iran disrupting flows through the Strait of Hormuz and Ukrainian strikes on Russian refineries. This created a strong tailwind for refining margins — the ultra-low sulfur diesel margin reportedly reached about $106 per barrel — which significantly boosted profits and refining stocks until mid-month. However, the rally stopped in the last two weeks, with reports that the Trump administration was preparing a 90-day diesel export ban, triggering massive one-day sell-offs in refiner stocks. Oilfield services and the uranium/nuclear sectors significantly underperformed. Companies exposed to LNG benefited from the energy supply shock, with Shell's final investment decision (FID) on phase 2 of the LNG Canada project (doubling capacity to 28 mtpa) providing a catalyst at the end of the month.
In this environment, the natural resources theme posted a significantly negative performance, far worse than global equities. While the energy sector proved the most resilient, metals and mining were particularly affected. The agriculture sector ranked in the middle of the pack.
In this context, the fund recorded a markedly negative performance, underperforming its benchmark index. Materials were the main detractor from performance, notably through metals and mining including gold miners (Kinross Gold, Agnico Eagle), diversified miners (Solaris Resources, Nouveau Monde Graphite), lithium producers (Standard Lithium, Albemarle), and aluminum (Alcoa). The underexposure to the paper and wood industry, which proved more defensive, was also penalizing. The energy sector also contributed negatively through uranium (Cameco Corp, Nexgen Energy) and the overweight in oilfield services. Conversely, the refining sector and the absence of exposure to pure exploration/production stocks were beneficial.
Regarding portfolio management, a new stock was added to the portfolio: Energy Fuels, which develops uranium and rare earth projects in the United States. Furthermore, the main increases concerned the energy sector, through integrated oil companies Shell Plc, BP Plc, and Chevron Corp, oilfield services including Vallourec, and uranium via Nexgen Energy. Conversely, one stock was removed from the portfolio: Ingredion Inc, in favor of an increase in Bunge Global in agricultural products. Additionally, the main reductions concerned Gold Fields and Newmont Corp among gold miners, Ero Copper in copper, West Fraser in the wood industry, and Stee Dynamics in steel.
Characteristics
General data
Inception date
16/10/2020First Nav Date
15/12/2008Currency
USDShow 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 USD 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 USD 10,000) | |||
| Management fees and other administrative or operating costs | 2.00% of the value of your investment per year. This percentage is based on actual costs over the last year. | $190.10 | |
| Transaction costs | 0.32% 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. | $30.52 | |
| Incidental costs taken under specific conditions (Investment USD 10,000) | |||
| Performance fees | 15.00% annual outperformance of the reference asset 100% S&P GLOBAL NATURAL RESOURCES 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. | $5.04 | |
Codification
ISIN code
LU1989770398Bloomberg code
Reuters code
Investment Objective
The Compartment's objective is to outperform (after applicable fees) over a long-term period (minimum 5 years), the S&P Global Natural Resources Index by investing in international equities mainly involved in the energy, gold and materials activities.
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 | 01/01/2025 | |
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