| 2024/07/11 | |
|---|---|
| NAV | |
| 137.3100 | |
| Difference | 0.01% (0.02) |
General attributes
| Fund type | Flexible-Term Bond Funds |
| Investment company | Erste Asset Management GmbH |
| Currency | EUR |
| Type | VT |
| Begin of subscription period | - |
| Inception | 2001/10/15 |
| Licenced in | AT,CZ,DE,HU |
| Duration of fund | open end |
| Total assets | 51,602,420.75 EUR |
| Fiscal year | 05/01 - 04/30 |
| Initial charge | 3.50% |
| Management fee | 0.72% |
| Ongoing charges | 0.69% |
| Minimum investment | According to offer |
| Recommended holding period | At least 6 years |
| Investor experience | - |
| Investor tolerance | 3 (scale 1-7) |
| Disclosure Regulation | Article 8 |
Fund PDF download
| Prospectus |  |
| Key Information Document (KID) | |
| Sustainability-related disclosures | |
| CZ Disclaimer | |
Fund annual reports
| Annual Reports | 2023/04/30 | |
| First-Half Report | 2023/10/31 | |
Scale: ABS REL
The chart shows the current fund share unit price (NAV) of the nominal value of an investment company proclaimed on that working day. Performances under 12 month have only little informative value. Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
| Advantages | Details you should be aware of |
| Investment in US mortgage bonds without currency risk. State guarantee by the US federal government. An addition to a bond portfolio. Investment funds are separate assets. | The fund's performance is strongly influenced by developments regarding US yields. The client bears the risk of the US market. Rising interest rates may lead to price declines. Risks that may be significant for the fund are in particular: credit and counterparty risk, liquidity risk, custody risk, derivative risk and operational risk. Comprehensive information on the risks of the fund can be found in the prospectus or the information for investors pursuant to § 21 AIFMG, section II, "Risk information". |
Secondary market
Purchase of share certificates |
Risk notes according to 2011 Austrian Investment Fund Act
| Unless explicitly noted otherwise, performance figures for periods of less than ten years always start from the launch of the fund. Performance figures for periods of less than 12 months in particular are not indicative of a fund’s development due to their short-term nature. |
| ERSTE MORTGAGE may make significant investments in derivatives (including swaps and other OTC derivatives) pursuant to section 73 of the 2011 Austrian Investment Fund Act. |
| In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ERSTE MORTGAGE intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12. |
Disclaimer
| The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity. |
Performance goal and investment strategy
| ERSTE MORTGAGE aims to generate current income through investments in US mortgage bonds. Only bonds with high credit rating are purchased. In addition, investments can be made in European or US government bonds. Foreign currency risks are mostly hedged. |
Performance (2024/06/28)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | -1.52 | - | 0.36 | -4.62 | -2.91 | -1.54 | 1.13 |
Annual performance in % (2024/06/28)
| Period | 2019 | 2020 | 2021 | 2022 | 2023 |
| Perf | 3.18 | 2.78 | -2.37 | -12.13 | 2.46 |
Funds ratio of bonds (2024/06/28)
| Average Yield | 5.02 % |
| Average time to maturity | 8.39 years |
| Duration in years | 6.03 years |
| Modified duration | 5.86 % |
Statistical figures (2024/06/28)
| Sharpe Ratio | - |
| Volatility in % | 6.90 |
Minimum & maximum performance in % p.a. (2024/06/28)
| 1Y | 12.41  |
 -15.98 | |
| 3Y | 8.45 |
-7.48 | |
| 5Y | 6.86 |
-3.72 | |
| 10Y | 4.99 |
-2.19 |
Disclaimer
| The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity. |
Top holdings (2024/06/28)
| ISIN | Name | Currency | %FA |
| - | GNMA 21/51 POOL MA7136 (01-JAN-51) | - | 11.57 |
| - | GNMA 21/51 POOL MA7471 (01-JUL-51) | - | 7.90 |
| - | GNMA 20/50 POOL MA6865 (20-SEP-50) | - | 7.67 |
| - | GNMA 20/50 POOL MA6822 (20-AUG-50) | - | 7.63 |
| - | GNMA 21/51 POOL MA7366 (01-MAY-51) | - | 7.55 |
Holdings by country (2024/06/28)
 | 97.62 % | United States of America |
Percentage holdings by rating (2024/06/28)
| 97.27 % | NR |
| 1.48 % | AA |
| 0.72 % | AAA |
| 0.37 % | A |
| 0.17 % | BBB |
Percentage securities type (2024/06/28)
| 100.00 % | Government/Government guaranteed |
Holdings by currency (2024/06/28)
| 101.00 % | EUR |
| 0.02 % | Others |
| -1.02 % | USD |
Disclaimer
| The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity. |
