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ERSTE BOND DANUBIA VT


Bond fund with a focus on Central and Eastern Europe

ISIN:
AT0000639398

2019/12/13
NAV
4,596.3500
Difference 0.09% (4.16)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception1997/07/01
Licenced inAT,CZ
Duration of fundopen end
Total assets311,387,843.17 EUR
Fiscal year06/01 - 05/31
Initial charge3.50%
Management fee0.72%
Ongoing charges0.83%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance4 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2019/05/31PDF Download
First-Half Report2017/11/30PDF 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
Investment in lucrative bonds of Central- and Eastern Europe. Broad diversification in issuances of selected countries, currencies and sectors. Foreign currency gains are possible. Gains are possible when interest rates fall. Rising interest rates may lead to losses. Due to investments denominated in foreign currencies, the net asset value of the fund can be negatively impacted by currency fluctuations. The addition of bonds with average or low credit ratings can lead to increased risk. A change in the credit rating of individual countries and in their political environment can have an effect on the net asset value of the fund (losses). 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



Risk notes according to 2011 Austrian Investment Fund Act

In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ERSTE BOND DANUBIA 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

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 <> fund focuses its investments on government bonds from Central and Eastern Europe EU member states such as Poland, Hungary and the Czech Republic, but it also invests in the securities of other issuers from that region. We take a broad view on convergence and include Turkey and the former Soviet Republics in the investment universe. In addition to bonds in local currency the fund also invests in hard currency issues (euros, US dollars hedged against the euro). Depending on the market environment, temporary currency hedges are made against the euro. The fund is suitable for investors who wish to achieve regular income and capital appreciation from convergence.

Performance (2019/11/29)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 6.75 - 6.58 -0.70 -1.18 3.12 2.62

Annual performance in % (2019/11/29)

Period 2014 2015 2016 2017 2018
Perf 7.98 -1.42 -0.10 -3.71 -5.04

Funds ratio of bonds (-)

Average Yield2.44 %
Average time to maturity6.88 years
Duration in years5.69 years
Modified duration5.59 %

Performance Calculator

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

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

1Y
40.86
 
-21.74
3Y
16.15
 
-5.19
5Y
12.01
 
-0.74
10Y
9.62
 
1.52

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
PL0000102646POLEN 02/22 0922PLN6.24
PL0000107611POLEN 13-28PLN4.46
XS0971721963RUSSIAN FED. 13/43 REGSUSD4.21
PL0000108197POLEN 14-25PLN3.54
PL0000111191POLEN 18-24PLN3.10
PL0000108866POLEN 15-26PLN3.10
CZ0001004253CZECH REP. 2025 89CZK2.40
PL0000105391POLEN 08-29PLN2.14
CZ0001001796CZECH REP. 2036 49CZK2.09
CZ0001004469CZECH REP. 2026CZK2.09

Holdings by country (2019/11/29)

33.22 %Poland
12.79 %Czech Republic
12.62 %Turkey
12.19 %Russia
12.14 %Hungary
3.47 %Romania
2.90 %Croatia (Local Name: Hrvatska)
2.53 %Latvia
2.46 %Bulgaria
2.19 %Lithuania
1.33 %Supranational

Percentage securities type (2019/11/29)

97.20 %Government/Government guaranteed
1.47 %Corporate investment grade
1.33 %Supranational

Holdings by currency (2019/11/29)

36.89 %EUR
28.12 %PLN
12.29 %CZK
11.84 %TRY
10.58 %HUF
0.28 %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.

Fund chart analyzer

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Performance Calculator

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Performance overview table

Performance of mutual funds for various time periods with weekly updates.

Contact

 
Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




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