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ERSTE BOND EM GOVERNMENT LOCAL VT


Bonds in local currencies from emerging markets

ISIN:
AT0000A16X22

2022/06/24
NAV
3,307.9300
Difference 0.65% (21.47)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception2008/10/17
Licenced inAT,CZ
Duration of fundopen end
Total assets204,509,401.13 EUR
Fiscal year07/01 - 06/30
Initial charge1.00%
Management fee0.96%
Ongoing charges1.08%
Minimum investmentAccording to offer
Account number-
Recommended holding periodAt least 6 years
Investor experience-
Investor tolerance4 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2021/06/30PDF Download
First-Half Report2021/12/31PDF 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 of risks through the selection of bonds from a variety of emerging markets. High, long-term return opportunity. Opportunity to earn high annual payouts. Investment funds are separate assets. Emerging markets are traditionally subject to high volatility. Higher risk due to the addition of issuers with average to lower credit ratings. 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

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 EM GOVERNMENT LOCAL primarily purchases government bonds from emerging countries in local currency, especially focusing on countries from Central and Eastern Europe, Asia, Latin America, the Middle East and Africa. Corporate bonds from issuers from the respective countries can also be added to the portfolio. Exchange rate risks are not 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.

Performance (2022/05/31)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -3.24 - -5.64 -3.89 -2.92 - -0.51

Annual performance in % (2022/05/31)

Period 2017 2018 2019 2020 2021
Perf -5.98 -2.55 13.76 -7.15 -7.79

Funds ratio of bonds (2022/05/31)

Average Yield6.67 %
Average time to maturity5.68 years
Duration in years4.60 years
Modified duration4.32 %

Performance Calculator

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

Minimum & maximum performance in % p.a. (2022/05/31)

1Y
35.17
 
-17.92
3Y
15.16
 
-5.88
5Y
7.51
 
-2.76
10Y
4.73
 
-0.64

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 (2022/05/31)

ISINNameCurrency%FA
BRSTNCNTF147BRAZIL 2023 NTNFBRL3.66
BRSTNCLTN7O0BRAZIL 2022 ZOBRL3.33
BRSTNCNTB3Y0BRAZIL 2022BRL2.35
CND10002HV84CHINA 19/29CNY2.13
XS2451378181KRED.F.WIED.22/25 MTN YCCNY2.09
CND100036Q75CHINA 20/30CNY2.06
MYBMO2000028MALAYSIA 20/31MYR1.98
XS1492818866EIB EUR.INV.BK 16/26 MTNPLN1.96
XS0300626479INTER-AMER.DEV.BK07/24MTNMXN1.94
IDG000011107INDONESIA 2029 FR71IDR1.88

Holdings by country (2022/05/31)

22.92 %Supranational
10.26 %Thailand
9.98 %Brazil
9.53 %China
8.62 %Malaysia
7.04 %South Africa
6.19 %Indonesia
4.84 %Czech Republic
4.01 %Germany
3.59 %Europe
2.58 %Peru
1.99 %Chile
1.70 %Hungary
1.46 %Mexico
1.43 %Romania

Percentage holdings by rating (2022/05/31)

30.64 %BBB
28.64 %AAA
18.36 %BB
14.43 %A
6.77 %AA
1.16 %NR

Percentage securities type (2022/05/31)

74.70 %Government/Government guaranteed
25.30 %Supranational

Holdings by currency (2022/05/31)

10.18 %BRL
9.95 %IDR
9.89 %THB
9.71 %MXN
9.71 %CNY
9.41 %ZAR
8.37 %MYR
6.94 %PLN
4.69 %CZK
3.27 %COP
3.20 %EUR
3.11 %USD
2.48 %PEN
2.29 %HUF
1.96 %RON



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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