| 2023/12/04 | |
|---|---|
| NAV | |
| 4,670.2500 | |
| Difference | 0.43% (20.04) |
General attributes
| Fund type | Flexible-Term Bond Funds |
| Investment company | Erste Asset Management GmbH |
| Currency | CZK |
| Type | VT |
| Begin of subscription period | - |
| Inception | 1999/06/01 |
| Licenced in | AT,CZ |
| Duration of fund | open end |
| Total assets | 263,577,351.02 EUR |
| Fiscal year | 06/01 - 05/31 |
| Initial charge | 1.00% |
| Management fee | 1.20% |
| Ongoing charges | 1.13% |
| Minimum investment | According to offer |
| Account number | - |
| Recommended holding period | At least 6 years |
| Investor experience | - |
| Investor tolerance | 3 (scale 1-7) |
| Disclosure Regulation | Article 8 |
Fund PDF download
| Prospectus |  |
| Key Information Document (KID) | |
| Sustainability-related disclosures | |
| Target market information | |
| CZ Disclaimer | |
Fund annual reports
| Annual Reports | 2023/05/31 | |
| First-Half Report | 2022/11/30 | |
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 European high-yield bonds. Attractive, long-term asset class. Opportunity to earn high annual payouts. No currency effects due to currency hedging. | The price of the fund can fluctuate considerably. Deteriorations in credit ratings can lead to price declines. Increased risk due to average to low debtor credit rating of participating companies. 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 |
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
| 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 EUROPE HIGH YIELD mainly invests in corporate bonds denominated in euros. Foreign currency risks are mostly hedged. The rating is primarily high-yield (BB and lower). Ecological and social factors as well as corporate management factors are integrated into the investment process. |
Performance (2023/10/31)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | 6.08 | - | 7.88 | -4.01 | -1.31 | 0.95 | 2.72 |
Annual performance in % (2023/10/31)
| Period | 2018 | 2019 | 2020 | 2021 | 2022 |
| Perf | -4.17 | 7.27 | 2.51 | -2.45 | -15.15 |
Funds ratio of bonds (2023/10/31)
| Average Yield | 6.13 % |
| Average time to maturity | 11.76 years |
| Duration in years | 2.82 years |
| Modified duration | 2.67 % |
Statistical figures (2023/10/31)
| Sharpe Ratio | - |
| Volatility in % | 6.25 |
Minimum & maximum performance in % p.a. (2023/10/31)
| 1Y | 62.33  |
 -35.83 | |
| 3Y | 23.26 |
-11.87 | |
| 5Y | 18.04 |
-4.32 | |
| 10Y | 10.07 |
0.05 |
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 (2023/10/31)
| ISIN | Name | Currency | %FA |
| FR0014007TY9 | FRANKREICH 21/25 O.A.T. | EUR | 3.99 |
| DE000BU0E014 | BRD USCHAT.AUSG.23/01 | EUR | 3.76 |
| DE0001102515 | BUNDANL.V.20/35 | EUR | 2.71 |
| XS2399851901 | ZF FINANCE GMBH MTN 21/28 | EUR | 2.58 |
| XS1795406658 | TELEFON.EUROPE 18/UND.FLR | EUR | 2.19 |
| XS2364001078 | A2A 21/31 MTN | EUR | 1.88 |
| FR0013534351 | ELECT.FRANCE 20/UND. FLR | EUR | 1.80 |
| XS1598757760 | GRIFOLS 17/25 REGS | EUR | 1.70 |
| XS2189947505 | IQVIA 20/28 REGS | EUR | 1.69 |
| FR0011697028 | EL. FRANCE 14/UND.FLR MTN | EUR | 1.50 |
Holdings by country (2023/10/31)
 | 21.71 % | France |
| 17.33 % | Germany |
| 13.19 % | Italy |
| 11.18 % | United States of America |
| 10.59 % | Spain |
| 4.72 % | Sweden |
| 4.40 % | United Kingdom |
| 2.84 % | Israel |
| 1.86 % | Ireland |
| 1.58 % | Belgium |
| 1.54 % | Netherlands |
| 1.44 % | Greece |
| 1.17 % | Finland |
| 1.10 % | Switzerland |
| 1.07 % | Japan |
Percentage holdings by rating (2023/10/31)
| 47.74 % | BB |
| 19.57 % | B |
| 9.01 % | BBB |
| 7.46 % | CCC |
| 7.27 % | AAA |
| 5.00 % | AA |
| 3.09 % | A |
| 0.78 % | NR |
| 0.07 % | CC |
Percentage securities type (2023/10/31)
| 70.13 % | Corporate non-investment grade |
| 12.84 % | Government/Government guaranteed |
| 10.79 % | Corporate investment grade |
| 5.43 % | Non-investment grade credit institutions |
| 0.81 % | Investment grade credit institutions |
Holdings by currency (2023/10/31)
| 99.95 % | EUR |
| 0.05 % | 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. |
