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ERSTE RESERVE DOLLAR VT


Bond fund in US dollars

ISIN:
AT0000673249

2024/10/11
NAV
160.5700
Difference -0.01% (-0.02)

General attributes

Fund typeShort-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyUSD
TypeVT
Begin of subscription period-
Inception1997/10/01
Licenced inAT,CZ,HR,HU,RO, SK
Duration of fundopen end
Total assets24,911,224.10 USD
Fiscal year05/01 - 04/30
Initial charge1.00%
Management fee0.48%
Ongoing charges0.58%
Minimum investmentAccording to offer
Recommended holding periodAt least 2 years
Investor experience-
Investor tolerance2 (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
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2024/04/30PDF Download
First-Half Report2022/10/31PDF 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
Attractive short-term investment for US dollar investors. Lower interest rate risk due to short residual maturities. Participation in the performance of the US dollar. Rising interest rates can lead to price declines. Due to the investment in foreign currencies, the net asset value of the fund can be negatively impacted by currency fluctuations. 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
You need to conclude an Investment Services Agreement to invest in the open-end mutual funds. By investing regularly, you can get a discount for "regular investing" (conditions are listed in the price list). 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

Since the history of the fund is very short, this performance chart is of little significance.
In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ERSTE RESERVE DOLLAR intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12.


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 RESERVE DOLLAR is a bond fund with a short fixed interest rate. The fund invests in USD bonds with an investment grade rating. The target range of interest rate duration ranges from 0 to 1,5 years. Due to its foreign currency nature, a significant part of the fund's price fluctuation may arise from changes in foreign exchange rates. Ecological and social factors as well as corporate management factors are integrated into the investment process.

Performance (2024/09/30)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 4.22 - 5.92 3.21 2.41 1.78 1.61

Annual performance in % (2024/09/30)

Period 2019 2020 2021 2022 2023
Perf 3.67 1.69 -0.20 0.34 5.38

Funds ratio of bonds (2024/09/30)

Average Yield4.87 %
Average time to maturity1.19 years
Duration in years0.36 years
Modified duration0.35 %

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

Statistical figures (2024/09/30)

Sharpe Ratio-
Volatility in %1.14

Other funds certificates

Type ISIN Currency NAV
Date NAV
Initial Charge
VT. AT0000A0C8W9 EUR 145.4800
2024/10/11
0.30%

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/09/30)

1Y
32.44
 
-18.41
3Y
9.99
 
-5.51
5Y
5.81
 
-1.35

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.

Holdings by country (2024/09/30)

28.77 %United States of America
11.30 %United Kingdom
10.76 %Australia
9.40 %France
9.34 %Japan
5.56 %Canada
5.52 %Netherlands
3.46 %Spain
3.46 %Germany
3.42 %China

Percentage holdings by rating (2024/09/30)

50.77 %A
34.17 %BBB
15.06 %AA

Percentage securities type (2024/09/30)

51.51 %Corporate investment grade
48.49 %Investment grade credit institutions

Holdings by currency (2024/09/30)

100.00 %USD



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

 
Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




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