| 2020/07/16 | |
|---|---|
| NAV | |
| 5,262.8600 | |
| Difference | -0.03% (-1.55) |
General attributes
| Fund type | Flexible-Term Bond Funds |
| Investment company | Erste Asset Management GmbH |
| Currency | CZK |
| Type | VT |
| Begin of subscription period | - |
| Inception | 2001/01/15 |
| Licenced in | AT,CH,CZ |
| Duration of fund | open end |
| Total assets | 634,512,229.82 EUR |
| Fiscal year | 08/01 - 07/31 |
| Initial charge | 3.50% |
| Management fee | 0.60% |
| Ongoing charges | 0.82% |
| Minimum investment | According to offer |
| Account number | - |
| Recommended holding period | At least 6 years |
| Investor experience | - |
| Investor tolerance | 3 (scale 1-7) |
Fund PDF download
| Prospectus |  |
| Key Investor Information Document | |
| CZ Disclaimer | |
Fund annual reports
| Annual Reports | 2019/07/31 | |
| First-Half Report | 2020/01/31 | |
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 diversification in selected corporate bonds with good to average credit ratings. Opportunity to earn an attractive, long-term return and high annual payouts. Gains are possible when interest rates fall. | Rising interest rates can lead to price declines. Price declines are possible, particularly in an environment of rising risk premiums (deterioration in the credit ratings of participating companies). Capital loss is possible. |
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 five 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. |
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
| < |
Performance (2020/06/30)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | 2.20 | - | 3.29 | 1.45 | 1.21 | 3.44 | 2.01 |
Annual performance in % (2020/06/30)
| Period | 2015 | 2016 | 2017 | 2018 | 2019 |
| Perf | -3.08 | 3.94 | -3.43 | -1.19 | 4.48 |
Funds ratio of bonds (-)
| Average Yield | 1.26 % |
| Average time to maturity | 8.53 years |
| Duration in years | 4.94 years |
| Modified duration | 4.87 % |
Minimum & maximum performance in % p.a. (2020/06/30)
| 1Y | 20.80  |
 -8.13 | |
| 3Y | 9.58 |
-2.27 | |
| 5Y | 7.95 |
-0.28 | |
| 10Y | 5.08 |
2.48 |
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 (2020/06/30)
| ISIN | Name | Currency | %FA |
| DE0001104743 | BUND SCHATZANW. 18/20 | EUR | 3.07 |
| AT0000805684 | ERSTE BD EU.HI.YI.R01TEO | EUR | 1.01 |
| AT0000A12GN0 | VIENNA INS.GRP 13-43 FLR | EUR | 0.88 |
| BE6279619330 | ETHIAS VIE 15/26 | EUR | 0.88 |
| CH0341440334 | UBS GROUP 16/24 | EUR | 0.84 |
| CH0343366842 | CRED.SUISSE GRP 17-25 FLR | EUR | 0.83 |
| DE000CZ40M21 | COBA 18/23 S.903 | EUR | 0.81 |
| XS1693281534 | STAND.CHAR. 17/23 MTN FLR | EUR | 0.81 |
| XS1799061558 | DANSKE BK 18/23 MTN | EUR | 0.80 |
| DE000A190NE4 | DAIMLER INTL FIN.18/25MTN | EUR | 0.80 |
Holdings by country (2020/06/30)
 | 19.34 % | Germany |
| 16.47 % | France |
| 14.84 % | United States of America |
| 7.65 % | United Kingdom |
| 6.81 % | Spain |
| 6.49 % | Netherlands |
| 6.40 % | Austria |
| 3.72 % | Belgium |
| 3.17 % | Sweden |
| 3.16 % | Switzerland |
| 3.15 % | Italy |
| 2.95 % | Denmark |
| 1.67 % | Australia |
| 1.17 % | Finland |
Percentage holdings by rating (2020/06/30)
| 57.58 % | BBB |
| 28.58 % | A |
| 5.66 % | AA |
| 4.24 % | BB |
| 3.32 % | AAA |
| 0.45 % | B |
| 0.15 % | CCC |
| 0.01 % | NR |
Percentage securities type (2020/06/30)
| 68.10 % | Corporate investment grade |
| 23.04 % | Investment grade credit institutions |
| 4.00 % | Government/Government guaranteed |
| 3.37 % | Corporate non-investment grade |
| 1.49 % | Non-investment grade credit institutions |
Holdings by currency (2020/06/30)
| 100.00 % | EUR |
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. |
