CPR Invest - Food For Generations - A USD - Acc ISIN : LU2013745885
CPR Invest - Food For Generations - A USD - Acc
A USD(C) - LU2013745885
Asset class: Equities
YTD
As of 11/09/20263.47%
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 11/09/2026$107.73
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 11/09/2026€327.81M
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 10/14/2020 to 09/11/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Food For Generations - A USD - Acc (7.7% 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 - A USD - Acc (7.7% over the period)
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Portfolio Analysis
Repartition 08/31/2026
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)CurrencySector allocation
Sector | Weight | Spread / Index | |
|---|---|---|---|
| GEA GROUP AG | Industrials | 4.56% | 4.55% |
| KERRY GROUP PLC-A | Consumer Staples | 3.48% | 3.46% |
| UNILEVER PLC (GBP) | Consumer Staples | 3.46% | 3.31% |
| NOVONESIS (NOVOZYMES) B | Materials | 3.07% | 3.04% |
| DANONE | Consumer Staples | 2.87% | 2.82% |
| HALEON PLC | Health Care | 2.77% | 2.72% |
| COMPASS GROUP PLC USD | Consumer Discretionary | 2.76% | 2.70% |
| CANADIAN PACIFIC KANSAS CITY USD | Industrials | 2.70% | 2.61% |
| MOWI ASA | Consumer Staples | 2.54% | 2.53% |
| SAINSBURY (J) PLC | Consumer Staples | 2.46% | 2.45% |
Management commentary
Effective date: 31/08/2026August 2026 was marked by concerns about the evolution of long-term interest rates. The deadlock in negotiations between Iran and the United States, punctuated by sporadic attacks, led the price of oil to remain volatile throughout the month, with Brent crude finishing at $89 per barrel. The stagnation of energy prices at high levels continued to fuel fears of accelerating inflation and therefore weighed on bond markets. In response to this rise in long-term rates, U.S. Treasury Secretary Scott Bessent announced that Treasury security buybacks on long maturities would be at least doubled for the quarter.
None of the major central banks held a monetary policy committee in August.
The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh appeared reassuring about the labor market but concerned about the inflation trajectory. He gave guidance for the first time in his mandate by saying that the Fed’s attention should currently preferentially focus on price stability. In the eurozone, the ECB minutes suggested that a majority of the Governing Council members would be ready to raise key interest rates in September to contain the effects of rising energy prices. In Japan, several BoJ officials indicated that the central bank should accelerate the pace of rate hikes, with markets now anticipating a strong probability of a hike to 1.25% as early as September.
Bond yields generally increased over the month, especially at the very end after Kevin Warsh’s speech. The U.S. 10-year rate ended the month at 4.74%, its highest level since the beginning of 2025. The German 10-year rate rose significantly, ending the month at 3.30%, its highest level since 2011, due to expectations of ECB rate hikes. And sovereign spreads in the eurozone widened slightly. In Japan, the 10-year rate also increased to 2.92%, in anticipation of BoJ tightening. Finally, gold rebounded strongly, with a 9.6% increase over the month, its best monthly performance since January, supported by interventionist measures from the U.S. Treasury (intervention on the yen and increased Treasury security buybacks).
Equity markets resisted the volatility of oil prices well, supported by a renewed vigor in the theme of artificial intelligence. The S&P 500 recorded several new all-time highs during the month, approaching 7,800 points, before retreating slightly, finishing the month up 2.6%. The Eurostoxx 600 also reached a new record before giving up part of its gains, ending the month up 0.3%. The Nikkei rose 3% over the month, still supported by the semiconductor sector. Finally, the MSCI Emerging also recorded a solid performance (+3.2%), also driven by technology stocks.
Food for Generations posted gains for the month. The agriculture sector rose sharply, driven by a significant increase in grain prices following downward revisions to inventory levels. Agricultural machinery (Agco, Deere) and fertilizer (Nutrien) stocks saw strong gains. The Food Products sector benefited from robust sales momentum in the ingredients segment (Novonesis, DSM Firmenich), which offset declines among producers such as Danone. The Restaurants sector remained stable, as the drop in Compass (contract catering) was balanced by gains at Darden. The Water & Waste sector declined over the month; a drop in industrial stocks (Pentair, Kurita Water) was partially offset by gains in utilities (Severn Trent, United Utilities). The Food Retail sector fell significantly due to a slowdown in US sales growth, which weighed on Ahold Delhaize.
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.
None of the major central banks held a monetary policy committee in August.
The key event of the month from this perspective was the Jackson Hole symposium, where Kevin Warsh appeared reassuring about the labor market but concerned about the inflation trajectory. He gave guidance for the first time in his mandate by saying that the Fed’s attention should currently preferentially focus on price stability. In the eurozone, the ECB minutes suggested that a majority of the Governing Council members would be ready to raise key interest rates in September to contain the effects of rising energy prices. In Japan, several BoJ officials indicated that the central bank should accelerate the pace of rate hikes, with markets now anticipating a strong probability of a hike to 1.25% as early as September.
Bond yields generally increased over the month, especially at the very end after Kevin Warsh’s speech. The U.S. 10-year rate ended the month at 4.74%, its highest level since the beginning of 2025. The German 10-year rate rose significantly, ending the month at 3.30%, its highest level since 2011, due to expectations of ECB rate hikes. And sovereign spreads in the eurozone widened slightly. In Japan, the 10-year rate also increased to 2.92%, in anticipation of BoJ tightening. Finally, gold rebounded strongly, with a 9.6% increase over the month, its best monthly performance since January, supported by interventionist measures from the U.S. Treasury (intervention on the yen and increased Treasury security buybacks).
Equity markets resisted the volatility of oil prices well, supported by a renewed vigor in the theme of artificial intelligence. The S&P 500 recorded several new all-time highs during the month, approaching 7,800 points, before retreating slightly, finishing the month up 2.6%. The Eurostoxx 600 also reached a new record before giving up part of its gains, ending the month up 0.3%. The Nikkei rose 3% over the month, still supported by the semiconductor sector. Finally, the MSCI Emerging also recorded a solid performance (+3.2%), also driven by technology stocks.
Food for Generations posted gains for the month. The agriculture sector rose sharply, driven by a significant increase in grain prices following downward revisions to inventory levels. Agricultural machinery (Agco, Deere) and fertilizer (Nutrien) stocks saw strong gains. The Food Products sector benefited from robust sales momentum in the ingredients segment (Novonesis, DSM Firmenich), which offset declines among producers such as Danone. The Restaurants sector remained stable, as the drop in Compass (contract catering) was balanced by gains at Darden. The Water & Waste sector declined over the month; a drop in industrial stocks (Pentair, Kurita Water) was partially offset by gains in utilities (Severn Trent, United Utilities). The Food Retail sector fell significantly due to a slowdown in US sales growth, which weighed on Ahold Delhaize.
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
04/07/2019First Nav Date
14/10/2020Currency
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 | 1.95% of the value of your investment per year. This percentage is based on actual costs over the last year. | $185.16 | |
| 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. | $17.31 | |
| Incidental costs taken under specific conditions (Investment USD 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
LU2013745885Bloomberg code
Reuters code
Investment 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 | 03/08/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 21/05/2025 | |
EN | PDF | 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