| 2023/12/01 | |
|---|---|
| NAV | |
| 95.9200 | |
| Difference | -0.08% (-0.08) |
General attributes
| Fund type | Flexible-Term Bond Funds |
| Investment company | Erste Asset Management GmbH |
| Currency | CZK |
| Type | VT |
| Begin of subscription period | - |
| Inception | 2020/09/28 |
| Licenced in | AT,CZ |
| Duration of fund | open end |
| Total assets | 257,089,401.87 CZK |
| Fiscal year | 04/01 - 03/31 |
| Initial charge | 1.00% |
| Management fee | 0.60% |
| Ongoing charges | 0.86% |
| 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 | 2023/03/31 | |
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 |
| Investment in selected bonds of sustainable (ethical) issuers. An ethics advisory board regularly reviews sustainability. Gains are possible when interest rates fall. | Rising interest rates can quickly lead to price declines. The investor bears the issuer risk of the participating companies. A change in the credit rating of individual companies and countries can have an effect on the net asset value of the fund (losses). Loss of capital is possible. Since the feeder fund predominantly invests in the master fund, the performance of the feeder fund depends significantly on the performance of the master fund. Other risks that may be of significance for the feeder fund are, in particular, credit and counterparty risk, liquidity risk, custody risk, derivative risk and operational risk. Comprehensive information on the risks of the feeder 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. |
| The Investment Fund will permanently invest at least 85% of its assets in shares of ERSTE RESPONSIBLE BOND (master fund). |
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
| The ERSTE RESPONSIBLE BOND (CZK) serves as a feeder fund for the ERSTE RESPONSIBLE BOND fund (master fund). Foreign exchange risks of the master fund are hedged within the feeder fund against the Czech crown. The master fund is a euro bond fund whose investment universe is based on ethically sustainable criteria. The fund invests primarily in government bonds, government-related and supranational issuers, corporate bonds, bonds from financial service providers, "Pfandbriefe" and special sustainable bond issues. Investments in bonds of companies and countries, that are pioneers in terms of ecological, social and governance aspects. This also takes into account ethical aspects (holistic ESG approach). |
Performance (2023/10/31)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | 4.26 | - | 5.44 | -2.38 | - | - | -2.07 |
Annual performance in % (2023/10/31)
| Period | 2018 | 2019 | 2020 | 2021 | 2022 |
| Perf | - | - | - | -2.52 | -8.38 |
Funds ratio of bonds (2023/10/31)
| Average Yield | 4.07 % |
| Average time to maturity | 5.59 years |
| Duration in years | 4.75 years |
| Modified duration | 4.56 % |
Statistical figures (2023/10/31)
| Sharpe Ratio | - |
| Volatility in % | 5.50 |
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. |
Holdings by country (2023/10/31)
 | 14.92 % | France |
| 13.75 % | Germany |
| 10.95 % | Austria |
| 9.31 % | United Kingdom |
| 7.70 % | Italy |
| 6.40 % | Netherlands |
| 3.87 % | Sweden |
| 3.40 % | United States of America |
| 3.28 % | Supranational |
| 2.72 % | Denmark |
| 2.45 % | Canada |
| 2.41 % | Iceland |
| 2.33 % | Spain |
| 2.10 % | Portugal |
| 2.00 % | Latvia |
Percentage holdings by rating (2023/10/31)
 | 37.74 % | BBB |
| 22.09 % | AA |
| 22.00 % | AAA |
| 18.17 % | A |
Percentage securities type (2023/10/31)
 | 35.45 % | Government/Government guaranteed |
| 32.20 % | Corporate investment grade |
| 20.58 % | Investment grade credit institutions |
| 10.28 % | Covered bonds |
| 1.49 % | Supranational |
Holdings by currency (2023/10/31)
| 97.37 % | CZK |
| 2.63 % | EUR |
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. |
