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ERSTE BOND EURO CORPORATE VT


Corporate bonds in euros

ISIN:
AT0000639414

2019/12/10
NAV
5,138.8100
Difference 0.10% (5.30)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception2001/01/15
Licenced inAT,CH,CZ
Duration of fundopen end
Total assets623,838,813.23 EUR
Fiscal year08/01 - 07/31
Initial charge3.50%
Management fee0.60%
Ongoing charges0.68%
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 Reports2019/07/31PDF 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 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
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

<> invests primarily in euro-denominated corporate bonds of European issuers with excellent to average credit ratings. The credit rating of the bonds in the fund is primarily investment grade. The focus is on bonds denominated in euros. Foreign exchange risks are hedged against the euro.

Performance (2019/11/29)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 4.60 - 4.04 0.12 0.27 3.38 1.95

Annual performance in % (2019/11/29)

Period 2014 2015 2016 2017 2018
Perf 9.21 -3.08 3.94 -3.43 -1.19

Funds ratio of bonds (-)

Average Yield0.89 %
Average time to maturity5.21 years
Duration in years4.58 years
Modified duration4.54 %

Performance Calculator

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

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

1Y
20.80
 
-8.13
3Y
9.58
 
-2.27
5Y
7.95
 
0.08
10Y
5.08
 
3.54

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
XS0295018070TESCO PLC 07/47 MTNEUR1.18
BE6279619330ETHIAS VIE 15/26EUR0.97
XS1428953407HSBC HLDGS 16/28 MTNEUR0.95
FR0013365293ENGIE 18/33 MTNEUR0.93
AT0000A12GN0VIENNA INS.GRP 13-43 FLREUR0.92
XS1799545329ACS,SERV.COM.EN.18/26 MTNEUR0.86
XS1512677003BQUE F.C.MTL 16/26 MTNEUR0.86
XS1586555945VOLKSWAGEN INTL 17/27EUR0.86
CH0341440334UBS GROUP 16/24EUR0.84
AT000B121967VOLKSBANK WIEN 17-27 FLREUR0.84

Holdings by country (2019/11/29)

20.78 %France
15.16 %Germany
9.42 %United Kingdom
8.98 %United States of America
8.52 %Spain
6.18 %Austria
6.08 %Netherlands
4.02 %Switzerland
3.49 %Belgium
3.48 %Denmark
3.20 %Australia
3.20 %Italy
2.74 %Sweden

Percentage holdings by rating (2019/11/29)

59.76 %BBB
33.40 %A
5.36 %AA
1.42 %BB
0.05 %AAA

Percentage securities type (2019/11/29)

69.47 %Corporate investment grade
28.18 %Investment grade credit institutions
0.93 %Government/Government guaranteed
0.89 %Corporate non-investment grade
0.54 %Non-investment grade credit institutions



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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