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Sporobond


Bond fund investing mainly in Czech government bonds and investment-grade corporate bonds.

ISIN:
CZ0008472263

2024/04/18
NAV
2.3209
Difference 0.30% (0.01)

General attributes

Fund typeMedium-Term Bond Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception1998/03/31
Licenced inCZ
Duration of fundopen end
Total assets42,202,413,590.00 CZK
Fiscal year01/01 - 12/31
Initial charge1.00%
Management fee0.65%
Ongoing charges0.90%
Minimum investment300 CZK
Account number35-2000666389/0800
Recommended holding periodAt least 3 years
Investor experience-
Investor tolerance2 (scale 1-7)

 
Initial charge represents a % of the value of the current fund share unit price and is charged once upon making the investment. Management Fee and Ongoing Charges represent costs paid from the assets of the mutual fund on an annual basis (per annum).



Fund PDF download

ProspectusPDF Download
Key Information Document (KID)PDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download
CZ Monthly fund reportPDF Download
CZ FlyerPDF Download

Fund annual reports

Annual Reports2022/12/31PDF Download
First-Half Report2023/06/30PDF 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
• The fund optimally distributes the assets in many titles, which significantly reduces market risks. • Professional fund management – experienced portfolio manager looks for the best investment opportunities on the market, with the background of analysts from the strong financial group - Erste Asset Management. • Actively managed currency hedging. • For regular investments, a discount on the fee for the purchase of share certificates. • Fast availability of funds (usually within a week). Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!   The target market defines the set of investors (retail clients) for whom the investment product is intended.  This investment product is intended for investors who: •  have sufficient knowledge and/or experience regarding mutual funds. •  seek investment profit • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes. •  In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID). • are interested in investing within the recommended investment period specified in General attributes. • This fund is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment. • The client's compatibility with the product's target market will be evaluated during the purchase process.                                                                                                                                                 • The value of the share certificate may fluctuate significantly during the investment duration, and therefore the return of the originally invested amount is not guaranteed. • Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, may fall with regard to how the inflation reduces its value. • Risks that may be significant for the fund are mainly: market risk of changes in the value of securities, interest rate risk, credit risk, currency risk and liquidity risk. Full information on the fund's risks can be found in the prospectus or in the Key information document (KID). • Investors should not base their investment decision solely on the information provided here as they may fall outside the target market or in a negative target market of this product and this product may not be suitable for all investors. • Index table: www.erste-am.cz/tabulkaindexu.Index table:
www.erste-am.cz/tabulkaindexu

Secondary market

Purchase of share certificates
You need to conclude an Investment Services Agreement to invest in the open-end mutual funds. Then you just need to remit the invested amount to the collection account number of the selected fund and indicate the Asset Account number as the variable symbol (stated in the Investment Services Agreement). It is more convenient to use a regular investment order for regular investments (e.g. via internetbanking) because you can get a discount (the terms and conditions are shown in the Price List). The internetbanking allows you to continuously follow the trend in your investments.

Redemption/sale of share certificates
To redeem share certificates, please visit any branch of Česká spořitelna or use the services of our internetbanking.

For new clients:
If you have not invested with Česká spořitelna yet, contact your personal advisor or come to any branch of Česká spořitelna, or use the free phone line 800 468 378, where we will gladly answer your questions and help you to choose the most convenient investment solution.

 
ČS list of charges for mutual funds unit trading





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

The fund’s objective is to outperform Czech medium-term government bond yields in the long term. This is an open-ended mutual bond fund with a medium-term recommended period of investment. The key source of the fund’s income is mainly interest yields from debt instruments. The fund mainly buys medium and long-term government bonds and partly also high quality corporate bonds at investment level. The fund is managed actively, and the fund manager can also make use of short-term market opportunities and thus flexibly manage the interest risk. The fund is suitable for investors who do not want to invest in stocks, but the yields of money funds or term deposits are insufficient for them.

Performance (2024/04/18)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -0.77 4.58 7.60 0.10 0.66 0.78 3.28

Annual performance in % (2024/04/18)

Period 2019 2020 2021 2022 2023
Perf 3.76 2.57 -5.65 -5.36 10.82

Funds ratio of bonds (2024/03/31)

Average Yield4.48 %
Average time to maturity5.78 years
Duration in years4.97 years
Modified duration4.92 %

 
The stated performance represents the net performance including costs paid from the mutual fund's assets. Entrance fees are not included.

Statistical figures (2024/03/31)

Sharpe Ratio0.51
Volatility in %4.00

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/04/18)

1Y
18.51
 
-14.61
3Y
10.04
 
-4.64
5Y
8.61
 
-2.70
10Y
5.33
 
-0.21

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 (2024/03/31)

ISINNameCurrency%FA
CZ0001005243CZECH REP. 2/33CZK5.67
CZ0001005888CZECH REP. 1,2/31CZK5.44
CZ0001007033CZECH REP. 4,5/32CZK4.68
CZ0001005375CZECH REP. 2,75/29CZK4.62
CZ0001001796CZECH REP. 4,2/36CZK4.34
CZ0001006894CZECH REP. 4,9/34CZK4.00
CZ0001003859CZECH REP. 2,5/28CZK3.39
CZ0001004253CZECH REP. 2,4/25CZK3.05
CZ0001004477CZECH REP. 0,95/30CZK2.98
CZ0001006688CZECH REP. 5/30CZK2.63

Holdings by country (2024/03/31)

74.57 %Czech Republic
6.31 %France
6.09 %Other countries
4.18 %Germany
3.19 %USA
3.01 %Netherlands
1.65 %Luxembourg
0.52 %United Kingdom
0.49 %Slovakia

Percentage holdings by rating (2024/03/31)

69.77 %Aa
15.08 %A
13.87 %Baa
1.27 %Aaa

Percentage asset types (2024/03/31)

67.11 %Government Bonds
19.57 %Corporate Bonds
5.77 %Reverse repurchase operations
4.27 %Deposits
3.28 %Mutual Funds

Holdings by currency (2024/03/31)

100.00 %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.

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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