CPR Invest - Global Gold Mines - A USD - Dist ISIN : LU1989766362
CPR Invest - Global Gold Mines - A USD - Dist
A USD(D) - LU1989766362
Asset class: Equities
YTD
As of 28/08/202618.28%
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$257.34
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.
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 USD - Dist (243.46% 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 - AU (D) absorbed by CPR Invest - Global Gold Mines - A USD - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - 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 Gold Mines - A USD - Dist (243.46% over the period)
Select period
A. Simulation based on the performance from inception to Oct 15, 2020 of AF - CPR Global Gold Mines - AU (D) absorbed by CPR Invest - Global Gold Mines - A USD - Dist on Oct 16, 2020. CPR Invest - Global Gold Mines - A USD - Dist has adopted a fee structure with the same total ongoing charges than those of AF - CPR Global Gold Mines - AU (D) estimated at the merger date Oct 16, 2020.B. Performance of CPR Invest - Global Gold Mines - 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 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: 31/07/2026Relative stability in gold prices in July, supported by the $4000/oz level, has prompted the return of certain investors. The situation in the Middle East, leading to high volatility in oil prices, and consequently in interest rates, continues to weigh on the trend. While the Fed kept its key rates unchanged at the last FOMC, the lack of predictability in its future actions is making the market nervous, particularly the foreign exchange market.
After experiencing significant outflows in recent months, the assets of physically-backed gold ETCs stabilized in July, but remain down by about 70 tonnes since the beginning of the year.
The World Gold Council published its quarterly report showing relatively stable gold demand in the first half compared to last year, but noting a clear recovery in central bank purchases in the second quarter, after a much weaker-than-expected first quarter.
Gold mining companies ended the month slightly down. It should be noted that the average gold price expected by consensus for the whole of 2026 has been significantly revised down to $4545/oz from $4725/oz last month, leading to a downward revision of 12-month earnings expectations by ~6.15% in July, and by ~9.8% compared to their peak last May, but they remain up by ~15.5% since the beginning of the year.
In this context, the fund's performance declined in July, but outperformed its benchmark index. The best contributor to performance was the intermediate company DPM Metals, whose second quarter results were exceptional. Developer Omai Gold Mines, junior companies Artemis Gold, Wesdome Gold, and silver companies Aya Gold & Silver and Sinda also contributed positively. The absence of exposure to Fresnillo, Greatland Resources, and Allied Gold—the latter's takeover project by Zijin Gold having been suspended—and the underweighting of Agnico Eagle were also beneficial. Conversely, the main detractors were developers Osisko Gold Group, Lumina Metals, Gogold Resources, Bravo Mining, and Perpetua Resources, and intermediate companies Orla Mining, Iamgold, and Alamos Gold, the latter having revised its forecasts downward. The absence of exposure to Chinese companies Zijin Mining, Zhaojin Mining, and Lingbao Gold, and the underweighting of Newmont Corp were also penalizing.
Regarding portfolio management, we participated in the IPO of Cadillac Mines, formerly Gold Candles, which is developing several gold and nickel deposits in Canada. In addition, the main increases were in Evolution Mining, an Australian intermediate producer, and Agnico Eagle, a Canadian senior company. Conversely, one stock left the portfolio, Emerald Resources, an Australian company operating the Okvau mine in Cambodia. Furthermore, the main reductions concerned Artemis Gold, which operates the Blackwater mine in Canada, Coeur Mining in silver, and Zijin Gold, the gold subsidiary of Zijin Mining.
After experiencing significant outflows in recent months, the assets of physically-backed gold ETCs stabilized in July, but remain down by about 70 tonnes since the beginning of the year.
The World Gold Council published its quarterly report showing relatively stable gold demand in the first half compared to last year, but noting a clear recovery in central bank purchases in the second quarter, after a much weaker-than-expected first quarter.
Gold mining companies ended the month slightly down. It should be noted that the average gold price expected by consensus for the whole of 2026 has been significantly revised down to $4545/oz from $4725/oz last month, leading to a downward revision of 12-month earnings expectations by ~6.15% in July, and by ~9.8% compared to their peak last May, but they remain up by ~15.5% since the beginning of the year.
In this context, the fund's performance declined in July, but outperformed its benchmark index. The best contributor to performance was the intermediate company DPM Metals, whose second quarter results were exceptional. Developer Omai Gold Mines, junior companies Artemis Gold, Wesdome Gold, and silver companies Aya Gold & Silver and Sinda also contributed positively. The absence of exposure to Fresnillo, Greatland Resources, and Allied Gold—the latter's takeover project by Zijin Gold having been suspended—and the underweighting of Agnico Eagle were also beneficial. Conversely, the main detractors were developers Osisko Gold Group, Lumina Metals, Gogold Resources, Bravo Mining, and Perpetua Resources, and intermediate companies Orla Mining, Iamgold, and Alamos Gold, the latter having revised its forecasts downward. The absence of exposure to Chinese companies Zijin Mining, Zhaojin Mining, and Lingbao Gold, and the underweighting of Newmont Corp were also penalizing.
Regarding portfolio management, we participated in the IPO of Cadillac Mines, formerly Gold Candles, which is developing several gold and nickel deposits in Canada. In addition, the main increases were in Evolution Mining, an Australian intermediate producer, and Agnico Eagle, a Canadian senior company. Conversely, one stock left the portfolio, Emerald Resources, an Australian company operating the Okvau mine in Cambodia. Furthermore, the main reductions concerned Artemis Gold, which operates the Blackwater mine in Canada, Coeur Mining in silver, and Zijin Gold, the gold subsidiary of Zijin Mining.
Characteristics
General data
Inception date
16/10/2020First Nav Date
05/05/2014Currency
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 | 2.05% of the value of your investment per year. This percentage is based on actual costs over the last year. | $194.47 | |
| 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 USD 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
LU1989766362Bloomberg code
CIGGMAD 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 |