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ERSTE BOND EURO CORPORATE VT


Corporate bonds in euros

ISIN:
AT0000639414

2024/06/12
NAV
4,627.5900
Difference 0.56% (25.67)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception2001/01/15
Licenced inAT,CZ
Duration of fundopen end
Total assets531,126,774.34 EUR
Fiscal year08/01 - 07/31
Initial charge1.00%
Management fee0.60%
Ongoing charges0.71%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance3 (scale 1-7)
Disclosure RegulationArticle 8

 
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
Sustainability-related disclosuresPDF Download
Target market informationPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2023/07/31PDF Download
First-Half Report2024/01/31PDF 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. Deterioration in credit ratings can lead to price declines. Capital loss is possible. Risks that may be significant for the fund are in particular: credit and counterparty risk, liquidity risk, custody risk, derivative risk and operational risk. Comprehensive information on the risks of the fund can be found in the prospectus or the information for investors pursuant to § 21 AIFMG, section II, "Risk information".

Secondary market


THE TARGET MARKET OF THIS INVESTMENT PRODUCT CAN BE FOUND IN FUND PDF DOWNLOAD. PLEASE SEE THIS DOCUMENT.
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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 GEORGE Internetbanking.

Sale of share certificates

To sell certificates visit any branch of Česká spořitelna or use the GEORGE 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

Unless explicitly noted otherwise, performance figures for periods of less than ten 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

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

ERSTE BOND EURO CORPORATE mainly invests in corporate bonds of European issuers with high to medium credit ratings, which are denominated in euros. The rating (creditworthiness) of the bonds in the fund is primarily in the investment grade area. Any foreign currency risks are mostly hedged. Ecological and social factors as well as corporate management factors are integrated into the investment process.

Performance (2024/05/31)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -0.38 - 10.07 -3.69 -1.94 -0.58 1.14

Annual performance in % (2024/05/31)

Period 2019 2020 2021 2022 2023
Perf 4.48 4.57 -6.15 -16.49 9.99

Funds ratio of bonds (2024/05/31)

Average Yield3.90 %
Average time to maturity7.48 years
Duration in years4.25 years
Modified duration4.08 %

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

Statistical figures (2024/05/31)

Sharpe Ratio-
Volatility in %7.18

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/05/31)

1Y
20.80
 
-16.50
3Y
9.58
 
-5.67
5Y
7.95
 
-2.75
10Y
5.08
 
0.23

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 (2024/05/31)

ISINNameCurrency%FA
-VOLKSWAGEN LEASING 21/29 (12-JAN-29)-1.06
-A2A 22/30 MTN (19-SEP-30)-1.00
-ABERTIS INF. 23/29 MTN (07-AUG-29)-1.00
-IN.DIS.SVCS. 23/28 (14-SEP-28)-0.99
-M.B.INT.FIN. 23/31 MTN (30-MAY-31)-0.95

Holdings by country (2024/05/31)

15.60 %France
15.58 %Germany
13.18 %United States of America
10.26 %United Kingdom
7.92 %Austria
7.38 %Netherlands
6.75 %Spain
4.48 %Italy
4.17 %Denmark
3.48 %Sweden

Percentage holdings by rating (2024/05/31)

56.06 %BBB
33.49 %A
5.88 %AA
4.11 %BB
0.47 %AAA

Percentage securities type (2024/05/31)

67.54 %Corporate investment grade
26.69 %Investment grade credit institutions
2.94 %Corporate non-investment grade
1.66 %Government/Government guaranteed
1.17 %Non-investment grade credit institutions

Holdings by currency (2024/05/31)

99.97 %EUR
0.03 %Others



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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