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ERSTE BOND EUROPE HIGH YIELD VT


High-yielding corporate bonds with currency hedging in euros

ISIN:
AT0000639422

2020/07/16
NAV
4,959.1400
Difference 0.04% (2.03)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception1999/06/01
Licenced inAT,CZ
Duration of fundopen end
Total assets274,498,648.74 EUR
Fiscal year06/01 - 05/31
Initial charge3.50%
Management fee1.20%
Ongoing charges1.11%
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 Reports2018/05/31PDF Download
First-Half Report2019/11/30PDF 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 European high-yield bonds. Attractive, long-term asset class. Opportunity to earn high annual payouts. No currency effects due to currency hedging. The net asset value of the fund can fluctuate considerably. Price declines are possible, particularly in an environment of rising risk premiums (deterioration in credit ratings). Average to low credit rating below investment grade, therefore higher possibility of credit losses. 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



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

<> 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 (2020/06/30)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -2.67 - -0.20 -0.32 1.15 4.92 3.46

Annual performance in % (2020/06/30)

Period 2015 2016 2017 2018 2019
Perf -0.77 8.03 -0.47 -4.17 7.27

Funds ratio of bonds (-)

Average Yield4.50 %
Average time to maturity11.44 years
Duration in years3.52 years
Modified duration3.40 %

Performance Calculator

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

Minimum & maximum performance in % p.a. (2020/06/30)

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 (2020/06/30)

ISINNameCurrency%FA
XS1849518276SMURF.KAPP.ACQ. 18/26EUR1.47
XS2010039381ZF EUROPE FI 19/26EUR1.20
XS1821883102NETFLIX 17/27 REGSEUR1.19
XS1598757760GRIFOLS 17/25 REGSEUR1.17
XS1793255941SOFTBANK GROUP 18/28EUR1.13
XS2138128314ALTICE FR.H. 20/27 REGSEUR1.09
XS1991034825EIRCOM FIN. 19/26 REG.SEUR1.00
XS1881005976JAGUAR LAND R.A.18/26REGSEUR0.97
XS1207058733REPSOL INTL F. 15/75 FLREUR0.96
DE000A1PGZ82K+S AG ANL.12/22EUR0.95

Holdings by country (2020/06/30)

17.72 %France
15.03 %United States of America
11.31 %Italy
9.53 %Spain
9.27 %Germany
6.60 %Netherlands
4.41 %Ireland
4.18 %United Kingdom
3.73 %Sweden
3.05 %Switzerland
2.58 %Israel
1.96 %Luxembourg
1.92 %Czech Republic
1.42 %Belgium
1.37 %Japan

Percentage holdings by rating (2020/06/30)

54.36 %BB
29.24 %B
12.00 %CCC
2.48 %BBB
0.88 %NR
0.43 %AA
0.31 %CC
0.25 %AAA
0.06 %A

Percentage securities type (2020/06/30)

93.53 %Corporate non-investment grade
3.25 %Non-investment grade credit institutions
2.03 %Corporate investment grade
0.96 %Government/Government guaranteed
0.23 %Investment grade credit institutions

Holdings by currency (2020/06/30)

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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