| 2024/06/28 | |
|---|---|
| NAV | |
| 3,543.4200 | |
| Difference | -0.13% (-4.46) |
General attributes
| Fund type | Flexible-Term Bond Funds |
| Investment company | Erste Asset Management GmbH |
| Currency | CZK |
| Type | VT |
| Begin of subscription period | - |
| Inception | 2008/10/17 |
| Licenced in | AT,CZ |
| Duration of fund | open end |
| Total assets | 196,231,511.96 EUR |
| Fiscal year | 07/01 - 06/30 |
| Initial charge | 1.00% |
| Management fee | 0.96% |
| Ongoing charges | 1.12% |
| 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 | |
| Target market information | |
Fund annual reports
| Annual Reports | 2023/06/30 | |
| First-Half Report | 2023/12/31 | |
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 |
| Broad risk diversification through the selection of local currencies from a wide range of emerging markets. Supranational issuers and development banks usually have a high credit rating. High earnings potential in the long term. Opportunity for high annual distributions. | Emerging markets are traditionally subject to high fluctuations. Due to the investment in foreign currencies, the fund share may be adversely affected by exchange rate fluctuations. Capital loss is possible. Risks that may be of significance 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 and the information for investors pursuant to Section 21 AIFMG, Section II, chapter "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. |
| In accordance with the fund regulations approved by the Austrian Financial Market Authority, the ERSTE RESPONSIBLE BOND EM LOCAL intends to invest more than 35% of its fund assets in securities and/or money market instruments of member states, local authorities or international organizations under public law. A detailed list of these can be found in the prospectus, section 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 RESPONSIBLE BOND EM LOCAL invests primarily in bonds from supranational issuers and development banks that are denominated in the local currencies of the respective emerging markets. In particular, currencies from countries in Central and Eastern Europe, Asia, Latin America and Africa are selected. Government bonds from emerging markets in local currencies may be added. Environmental, social and corporate governance factors are integrated into the investment process as part of a holistic ESG approach. |
Performance (2024/05/31)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | -0.79 | - | 7.61 | -0.15 | -1.30 | -0.44 | 0.08 |
Annual performance in % (2024/05/31)
| Period | 2019 | 2020 | 2021 | 2022 | 2023 |
| Perf | 13.76 | -7.15 | -7.79 | -5.06 | 8.38 |
Funds ratio of bonds (2024/05/31)
| Average Yield | 7.23 % |
| Average time to maturity | 5.08 years |
| Duration in years | 4.46 years |
| Modified duration | 4.17 % |
Statistical figures (2024/05/31)
| Sharpe Ratio | - |
| Volatility in % | 5.88 |
Minimum & maximum performance in % p.a. (2024/05/31)
| 1Y | 35.17  |
 -17.92 | |
| 3Y | 15.16 |
-5.88 | |
| 5Y | 7.51 |
-2.76 | |
| 10Y | 4.73 |
-1.24 |
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 (2024/05/31)
| ISIN | Name | Currency | %FA |
| - | AFR. DEV. BK 17/32 ZO MTN (09-FEB-32) | - | 4.51 |
| - | EBRD 21/25 MTN (27-JAN-25) | - | 4.03 |
| - | BRAZIL 2025 NTNF (01-JAN-25) | - | 3.75 |
| - | EIB 20/32 MTN (28-SEP-32) | - | 3.05 |
| - | I.A.D.B 23/30 MTN (06-OCT-30) | - | 2.99 |
Holdings by country (2024/05/31)
 | 43.56 % | Supranational |
| 22.44 % | Europe |
| 6.45 % | Thailand |
| 6.44 % | Malaysia |
| 5.91 % | Brazil |
| 5.01 % | Czech Republic |
| 2.20 % | Indonesia |
| 1.78 % | Peru |
| 1.59 % | Germany |
| 1.19 % | Chile |
Percentage holdings by rating (2024/05/31)
| 67.74 % | AAA |
| 14.51 % | BBB |
| 6.29 % | BB |
| 5.92 % | AA |
| 5.07 % | A |
| 0.48 % | NR |
Percentage securities type (2024/05/31)
| 65.99 % | Supranational |
| 34.01 % | Government/Government guaranteed |
Holdings by currency (2024/05/31)
| 12.63 % | IDR |
| 12.13 % | INR |
| 11.16 % | ZAR |
| 9.36 % | MXN |
| 8.44 % | BRL |
| 8.14 % | EUR |
| 7.10 % | THB |
| 6.58 % | MYR |
| 6.49 % | PLN |
| 5.13 % | CZK |
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. |
