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ERSTE BOND EUROPE HIGH YIELD VT


High-yielding corporate bonds with currency hedging in euros

ISIN:
AT0000639422

2024/02/27
NAV
5,016.0100
Difference 0.12% (6.21)

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 assets368,205,850.53 EUR
Fiscal year06/01 - 05/31
Initial charge1.00%
Management fee1.20%
Ongoing charges1.13%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance3 (scale 1-7)
Disclosure RegulationArticle 8

Fund PDF download

ProspectusPDF Download
Key Information Document (KID)PDF Download
Sustainability-related disclosuresPDF Download
CZ DisclaimerPDF Download
Target market informationPDF Download

Fund annual reports

Annual Reports2023/05/31PDF Download
First-Half Report2023/11/30PDF 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 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


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

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 (2024/01/31)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 0.80 - 11.77 -1.85 0.24 0.74 3.02

Annual performance in % (2024/01/31)

Period 2019 2020 2021 2022 2023
Perf 7.27 2.51 -2.45 -15.15 12.46

Funds ratio of bonds (2024/01/31)

Average Yield4.95 %
Average time to maturity12.33 years
Duration in years3.02 years
Modified duration2.89 %

Statistical figures (2024/01/31)

Sharpe Ratio-
Volatility in %6.88

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/01/31)

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 (2024/01/31)

ISINNameCurrency%FA
XS2405483301FORVIA 21/27EUR2.08
XS2399851901ZF FINANCE GMBH MTN 21/28EUR2.01
XS2637954582TELECOM ITAL 23/28 MTNEUR1.80
XS1795406658TELEFON.EUROPE 18/UND.FLREUR1.67
FR001400M2G2TELEPERFORM. 23/31 MTNEUR1.47
XS2364001078A2A 21/31 MTNEUR1.46
FR0013534351ELECT.FRANCE 20/UND. FLREUR1.41
XS2189947505IQVIA 20/28 REGSEUR1.29
XS2332250708ORGANON/ORG.F. 21/28 REGSEUR1.27
XS1846631049TELECOM ITAL 18/26 MTNEUR1.26

Holdings by country (2024/01/31)

20.66 %France
14.29 %United States of America
13.51 %Italy
12.52 %Spain
11.32 %Germany
7.54 %United Kingdom
3.95 %Sweden
3.68 %Netherlands
2.07 %Israel
1.84 %Ireland
1.43 %Greece

Percentage holdings by rating (2024/01/31)

55.48 %BB
19.07 %B
15.72 %BBB
5.13 %CCC
3.16 %A
0.68 %AA
0.42 %AAA
0.28 %NR
0.05 %C

Percentage securities type (2024/01/31)

73.15 %Corporate non-investment grade
14.70 %Corporate investment grade
6.86 %Non-investment grade credit institutions
3.80 %Investment grade credit institutions
1.49 %Government/Government guaranteed

Holdings by currency (2024/01/31)

99.97 %EUR
0.03 %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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Contact

 
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