CPR Invest - Food For Generations - F USD - Acc ISIN : LU2013746776
CPR Invest - Food For Generations - F USD - Acc
F(C) - LU2013746776
Asset class: Equities
YTD
As of 28/08/20265.85%
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$105.35
SFDR ClassificationSustainable Finance Disclosure Regulation
Art. 8
Fund AUM
As of 28/08/2026€342.02M
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.
NAVs
NAV from 10/15/2020 to 08/28/2026
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Performance
Change in NAV in base 100
FundCPR Invest - Food For Generations - F USD - Acc (5% 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 USD - Acc (5% over the period)
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Portfolio Analysis
Repartition 12/31/2024
Sector | Weight | Spread / Index | |
|---|---|---|---|
| GEA GROUP AG | Industrials | 3.95% | 3.94% |
| PENTAIR PLC | Industrials | 3.90% | 3.87% |
| KERRY GROUP PLC-A | Consumer Staples | 3.72% | 3.70% |
| DANONE | Consumer Staples | 3.57% | 3.51% |
| SYMRISE AG | Materials | 3.45% | 3.43% |
| SEB SA | Consumer Discretionary | 3.44% | 3.43% |
| COMPASS GROUP PLC GBP | Consumer Discretionary | 3.05% | 2.97% |
| BRAMBLES LTD | Industrials | 2.91% | 2.88% |
| KONINKLIJKE AHOLD DELHAIZE | Consumer Staples | 2.86% | 2.82% |
| SMURFIT WESTROCK PLC USD | Materials | 2.79% | 2.75% |
Management commentary
Effective date: 31/07/2026July 2026 was shaped by the resurgence of hostilities between Iran and the United States. This led Brent crude oil to rally by 22%, peaking at $100 per barrel before easing slightly toward month-end to $89. Bond markets also came under pressure, with US 10-year Treasury yields ending the month at 4.71%.
Against this backdrop, equity markets delivered a mixed performance. The US market was broadly flat, down just 0.1%, while the Euro Stoxx 600 gained 1.2% and the Nikkei fell 8%. The month was marked by a clear sector rotation, with technology underperforming (-4.7%, including -14% for semiconductors) and capital moving toward financials (+5.8%, particularly less cyclical insurers) and more defensive areas such as consumer staples (+1.8%).
In this context, the fund rose by 1.43%, (A share net of fees) compared with a 0.12% decline for the MSCI World, resulting in 155 basis points of outperformance.
The agriculture sector showed good relative performance, supported by an increase in the price of corn, wheat, and soybeans. Inventories at the end of the 2026 season are expected to be stable or lower compared to 2025. Furthermore, the rise in oil prices makes biofuels and their agricultural raw materials more attractive. Fertilizers (CF Industries, Nutrien) and Bunge (soy processing) are among the strongest gainers. The Food Retail sector had mixed performance with a rebound from Sainsbury but a more challenging competitive environment in the United States (Ahold Delhaize). A similar trend was seen in the Water and Waste sector with a rise in utilities (United Utilities, American Water Works) but a sharp decline in Pentair in equipment due to a downward revision of its revenue outlook. After a good second quarter, the Food Products sector slowed down with a decline in ingredients (Glanbia) and manufacturers (Nestlé) despite initial earnings releases in line with expectations. The Restaurant sector suffered from a decline in Compass in contract catering despite good organic sales growth of 7% over the past quarter, in line with expectations.
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.
Against this backdrop, equity markets delivered a mixed performance. The US market was broadly flat, down just 0.1%, while the Euro Stoxx 600 gained 1.2% and the Nikkei fell 8%. The month was marked by a clear sector rotation, with technology underperforming (-4.7%, including -14% for semiconductors) and capital moving toward financials (+5.8%, particularly less cyclical insurers) and more defensive areas such as consumer staples (+1.8%).
In this context, the fund rose by 1.43%, (A share net of fees) compared with a 0.12% decline for the MSCI World, resulting in 155 basis points of outperformance.
The agriculture sector showed good relative performance, supported by an increase in the price of corn, wheat, and soybeans. Inventories at the end of the 2026 season are expected to be stable or lower compared to 2025. Furthermore, the rise in oil prices makes biofuels and their agricultural raw materials more attractive. Fertilizers (CF Industries, Nutrien) and Bunge (soy processing) are among the strongest gainers. The Food Retail sector had mixed performance with a rebound from Sainsbury but a more challenging competitive environment in the United States (Ahold Delhaize). A similar trend was seen in the Water and Waste sector with a rise in utilities (United Utilities, American Water Works) but a sharp decline in Pentair in equipment due to a downward revision of its revenue outlook. After a good second quarter, the Food Products sector slowed down with a decline in ingredients (Glanbia) and manufacturers (Nestlé) despite initial earnings releases in line with expectations. The Restaurant sector suffered from a decline in Compass in contract catering despite good organic sales growth of 7% over the past quarter, in line with expectations.
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
16/10/2020Currency
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 | 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 USD 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. | $295.10 | |
| Transaction costs | 0.19% 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. | $18.95 | |
| 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
LU2013746776Bloomberg 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 | 03/08/2026 | |
EN | PDF | 31/07/2025 | |
PDF | 07/05/2026 | ||
PDF | 31/01/2026 | ||
EN | PDF | 26/10/2016 | |
EN | PDF | 31/12/2024 |
Sustainability-related disclosures
| Language | Documents | Type | Closing Date |
|---|---|---|---|
SV | PDF | 21/05/2025 | |
EN | PDF | 07/05/2026 |