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ESPA PORTFOLIO BOND EUROPE VT


Bond fund with european bonds

ISIN:
AT0000639455

2019/12/13
NAV
3,265.3500
Difference -0.49% (-16.06)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception1987/05/18
Licenced inAT,CZ
Duration of fundopen end
Total assets163,931,594.43 EUR
Fiscal year09/01 - 08/31
Initial charge3.50%
Management fee0.72%
Ongoing charges0.67%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance3 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2019/08/31PDF Download
First-Half Report2019/02/28PDF Download
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 diversification in issuers from a variety of countries and sectors. Opportunity to earn attractive annual return. Capital appreciation is possible via currency gains. Gains are possible when interest rates fall. Rising interest rates can lead to declines in prices. Because of investments in foreign currencies the net asset value can be burdened by changes in exchange rates. Clients bear the credit risk of the participating european companies and countries. Capital loss is possible.

Secondary market

Purchase of share certificates
Investing in the open-end mutual funds is very easy. If you have already invested with Česká spořitelna, simply remit the invested amount to the collection account number of the selected fund and indicate your MUIN (number of your investment account) as the variable symbol. A comfortable method of investing is represented by SERVIS24 Internetbanking.

Sale of share certificates

To sell certificates visit any branch of Česká spořitelna or use the SERVIS24 Internetbanking services.

For new clients

If you have not invested with Česká spořitelna, contact your personal consultant or visit any branch of Česká spořitelna, where we will be happy to answer your questions and help you choose the best investment solution. You just have to make one visit to the Česká spořitelna branch and then you may make investments without any further visits.

 
ČS list of charges for mutual funds unit trading





Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Performance goal and investment strategy

The investment objective of <> is to achieve regular income from a portfolio of european bonds. Government bonds, bonds of supranational issuers, mortgage bonds, covered bonds and corporate bonds are invested in. Besides euro-bonds also bonds in other european currencies are held. Single bonds as well as investment funds can be used. Currency risk vis-a-vis Euro can sum up to 35% of the fund volume.

Performance (2019/11/29)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 7.76 - 7.67 0.61 0.56 3.25 1.89

Annual performance in % (-)

Period 2014 2015 2016 2017 2018
Perf 12.33 -1.05 1.20 -6.40 0.51

Funds ratio of bonds (-)

Average Yield0.85 %
Average time to maturity9.60 years
Duration in years7.83 years
Modified duration7.75 %

Performance Calculator

Try to calculate the historical performance of the fund with our calculator.

Minimum & maximum performance in % p.a. (2019/11/29)

1Y
18.45
 
-7.49
3Y
12.97
 
-1.69
5Y
9.38
 
0.72
10Y
8.38
 
2.60

Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Top holdings (2019/11/29)

ISINNameCurrency%FA
GB00BDCHBW80TREASURY STK 2047GBP10.21
FR0013154044REP. FSE 16-36 O.A.T.EUR4.61
IT0005172322B.T.P. 16-23EUR4.27
IT0005162828B.T.P. 16-47EUR4.01
AT0000724224ERSTE BD EURO CORP.R01TEOEUR3.84
BE0000335449BELGIQUE 15/31 75EUR3.36
AT0000A05F50ESPA ALPHA 2 TEUR3.36
ES00000128C6SPANIEN 16-46EUR3.18
ES00000128O1SPANIEN 17-22EUR2.78
IT0005340929B.T.P. 18-28EUR2.62

Holdings by country (2019/11/29)

20.26 %United Kingdom
17.69 %Italy
12.17 %France
10.56 %Spain
6.38 %Germany
5.70 %Belgium
4.21 %Norway
3.97 %Austria
3.67 %Poland
3.13 %Netherlands
2.43 %Portugal
1.66 %XB
1.53 %United States of America
1.31 %Denmark
1.14 %Sweden

Percentage holdings by rating (2019/11/29)

42.49 %AA
38.01 %BBB
12.04 %AAA
7.41 %A
0.06 %BB

Percentage securities type (2019/11/29)

85.65 %Government/Government guaranteed
8.22 %Corporate investment grade
6.07 %Investment grade credit institutions
0.03 %Corporate non-investment grade
0.02 %Non-investment grade credit institutions

Holdings by currency (2019/11/29)

74.83 %EUR
18.89 %GBP
1.74 %SEK
1.28 %DKK
1.01 %NOK
0.74 %PLN
0.73 %HRK
0.72 %CHF
0.06 %Others



Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Know-How

 
In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

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Performance overview table

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Contact

 
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