Look for:

Our offer for

ERSTE RESPONSIBLE BOND (CZK) VT


Euro bonds with a focus on sustainability

ISIN:
AT0000A2J447

2022/05/25
NAV
91.6600
Difference 0.20% (0.18)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH
CurrencyCZK
TypeVT
Begin of subscription period-
Inception2020/09/28
Licenced inAT,CZ
Duration of fundopen end
Total assets240,282,039.42 CZK
Fiscal year04/01 - 03/31
Initial charge1.00%
Management fee0.60%
Ongoing charges0.93%
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 Investor Information DocumentPDF Download
ESG InformationPDF Download
CZ DisclaimerPDF Download

Fund annual reports

Annual Reports2021/03/31PDF Download
First-Half Report2021/09/30PDF 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
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
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.
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).


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.

For further information on the sustainable focus of ERSTE RESPONSIBLE BOND (CZK) as well as on the disclosures in accordance with the Disclosure Regulation (Regulation (EU) 2019/2088) and the Taxonomy Regulation (Regulation (EU) 2020/852), please refer to the current Prospectus, section 12 and the Annex "Sustainability Principles". In deciding to invest in ERSTE RESPONSIBLE BOND (CZK), consideration should be given to any characteristics or objectives of the ERSTE RESPONSIBLE BOND (CZK) as described in the Fund Documents.

Performance (2022/04/29)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf -6.02 - -6.45 - - - -4.99

Annual performance in % (2022/04/29)

Period 2017 2018 2019 2020 2021
Perf - - - - -2.52

Funds ratio of bonds (2022/04/29)

Average Yield1.81 %
Average time to maturity9.62 years
Duration in years5.59 years
Modified duration5.47 %

Performance Calculator

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



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 (2022/04/29)

16.74 %France
12.33 %Austria
8.25 %Netherlands
7.91 %Italy
7.09 %Germany
6.54 %United Kingdom
5.33 %Spain
4.97 %United States of America
3.07 %Ireland
2.98 %Supranational
2.73 %Canada
2.55 %Portugal
2.54 %Sweden
2.36 %Norway
2.31 %Denmark

Percentage holdings by rating (2022/04/29)

40.64 %BBB
28.00 %AA
18.70 %A
7.75 %AAA
3.44 %BB
1.47 %NR

Percentage securities type (2022/04/29)

37.63 %Corporate investment grade
29.07 %Government/Government guaranteed
23.05 %Investment grade credit institutions
4.05 %Covered bonds
3.60 %Corporate non-investment grade
1.30 %Non-investment grade credit institutions
1.29 %Supranational

Holdings by currency (2022/04/29)

106.25 %CZK
 
-6.25 %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.

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.

Find a branch...

Buy securities directly in a branch of Česká spořitelna.

Trade via George…

Enjoy the opportunity to trade selected securities online via George, the new banking.

Fund chart analyzer

Compare the historical performance of mutual funds.

Performance Calculator

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

Performance overview table

Performance of mutual funds for various time periods with weekly updates.

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.




Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer