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ERSTE BOND EURO CORPORATE VT


Corporate bonds in euros

ISIN:
AT0000639414

2022/05/17
NAV
4,578.1100
Difference -0.09% (-4.15)

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 assets469,432,622.00 EUR
Fiscal year08/01 - 07/31
Initial charge1.00%
Management fee0.60%
Ongoing charges0.70%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance4 (scale 1-7)
Disclosure RegulationArticle 8

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
ESG InformationPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2021/07/31PDF Download
First-Half Report2022/01/31PDF 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

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 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

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.

The fund employs an active investment policy and is not oriented towards a benchmark. The assets are selected on a discretionary basis and the scope of discretion of the management company is not limited.

For further information on the sustainable focus of ERSTE BOND EURO CORPORATE as well as on the disclosures in accordance with the Disclosure Regulation (Regulation (EU) 2019/2088) and the Taxonomy Regulation (Regulation (EU) 2020/852), please refer to the current Prospectus, section 12 and the Annex "Sustainability Principles". In deciding to invest in ERSTE BOND EURO CORPORATE, consideration should be given to any characteristics or objectives of the ERSTE BOND EURO CORPORATE as described in the Fund Documents.

Performance (2022/04/29)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -9.30 - -12.94 -3.39 -2.50 1.60 1.06

Annual performance in % (2022/04/29)

Period 2017 2018 2019 2020 2021
Perf -3.43 -1.19 4.48 4.57 -6.15

Funds ratio of bonds (2022/04/29)

Average Yield2.42 %
Average time to maturity9.30 years
Duration in years4.88 years
Modified duration4.77 %

Performance Calculator

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

Minimum & maximum performance in % p.a. (2022/04/29)

1Y
20.80
 
-8.33
3Y
9.58
 
-2.27
5Y
7.95
 
-0.60
10Y
5.08
 
1.71

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 (2022/04/29)

ISINNameCurrency%FA
AT0000A05F50ERSTE ALPHA 2 TEUR1.15
CH0341440334UBS GROUP 16/24EUR1.09
XS1317732771MOELNLYCKE HLDG 15/24EUR1.08
DE000A190NE4M.B.INT.FIN. 18/25MTNEUR1.06
FR0013299641BNP PAR.CARDIF. 17/24EUR1.06
CH0343366842CRED.SUISSE GRP 17-25 FLREUR1.06
XS2243666125JYSKE BANK 20/25 FLR MTNEUR1.04
XS2013618421ISS GLOBAL 19/26 MTNEUR1.01
XS2075811781SES S.A. 19/27 MTNEUR0.98
XS2228683350NISSAN MOTOR 20/28 REGSEUR0.94

Holdings by country (2022/04/29)

16.82 %Germany
15.04 %France
14.83 %United States of America
8.66 %Austria
7.06 %United Kingdom
6.07 %Netherlands
5.63 %Spain
4.42 %Belgium
4.08 %Denmark
3.40 %Italy
3.19 %Sweden
2.68 %Switzerland
1.35 %Finland
1.27 %Norway
1.09 %Ireland

Percentage holdings by rating (2022/04/29)

57.80 %BBB
28.50 %A
7.63 %BB
4.84 %AA
0.67 %NR
0.30 %AAA
0.22 %B
0.05 %CCC

Percentage securities type (2022/04/29)

66.89 %Corporate investment grade
23.08 %Investment grade credit institutions
4.52 %Corporate non-investment grade
4.05 %Non-investment grade credit institutions
1.46 %Government/Government guaranteed

Holdings by currency (2022/04/29)

99.98 %EUR
0.02 %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.

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Performance overview table

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Contact

 
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