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ČS korporátní dluhopisový


Bond fund investing in corporate bonds primarily of investment grade, but also of speculative grade.

ISIN:
CZ0008472230

2024/05/28
NAV
1.5297
Difference -0.05% (-0.00)

General attributes

Fund typeFlexible-Term Bond Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception2004/04/01
Licenced inCZ
Duration of fundopen end
Total assets17,750,254,947.00 CZK
Fiscal year01/01 - 12/31
Initial charge1.00%
Management fee1.10%
Ongoing charges1.38%
Minimum investment300 CZK
Account number35-2001226369/0800
Recommended holding periodAt least 3 years
Investor experience-
Investor tolerance2 (scale 1-7)

 
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
CZ Monthly fund reportPDF Download
CZ Flyer ČS korporátní dluhopisový OPFPDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download

Fund annual reports

Annual Reports2023/12/31PDF Download
First-Half Report2023/06/30PDF 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
• The fund optimally distributes the assets in many titles, which significantly reduces market risks.• Professional fund management – experienced portfolio manager looks for the best investment opportunities on the market, with the background of analysts from the strong financial group - Erste Asset Management.• Actively managed currency hedging • For regular investments, a discount on the fee for the purchase of share certificates • Fast availability of funds (usually within a week) Please note that the target market of this investment instrument is listed below. If you do not meet any of the listed parameters, you may be outside the specified target market!   The target market defines the set of investors (retail clients) for whom the investment product is intended.  This investment product is intended for investors who: •  have sufficient knowledge and/or experience regarding mutual funds. •  seek investment profit • are able to accept a level of risk that is in accordance with the risk indicator of the product specified in General attributes. •  In the event of an unfavorable development of the investment, they are able to bear the possible loss, which is ilustrated by performance scenarios, see Key Information Document (KID). • are interested in investing within the recommended investment period specified in General attributes. • This fund is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment. • The client's compatibility with the product's target market will be evaluated during the purchase process.                                                                                                                              • The value of the share certificate may fluctuate significantly during the investment duration, and therefore the return of the originally invested amount is not guaranteed.• Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, may fall with regard to how the inflation reduces its value.• Risks that may be significant for the fund are mainly: market risk of changes in the value of securities, interest rate risk, credit risk, currency risk and liquidity risk. Full information on the fund's risks can be found in the prospectus or in the Key information document (KID)• Investors should not base their investment decision solely on the information provided here as they may fall outside the target market or in a negative target market of this product and this product may not be suitable for all investors.• Index table: www.erste-am.cz/tabulkaindexuIndex table:
www.erste-am.cz/tabulkaindexu

Secondary market

Purchase of share certificates
You need to conclude an Investment Services Agreement to invest in the open-end mutual funds. Then you just need to remit the invested amount to the collection account number of the selected fund and indicate the Asset Account number as the variable symbol (stated in the Investment Services Agreement). It is more convenient to use a regular investment order for regular investments (e.g. via internetbanking) because you can get a discount (the terms and conditions are shown in the Price List). The internetbanking allows you to continuously follow the trend in your investments.

Redemption/sale of share certificates
To redeem share certificates, please visit any branch of Česká spořitelna or use the services of our internetbanking.

For new clients:
If you have not invested with Česká spořitelna yet, contact your personal advisor or come to any branch of Česká spořitelna, or use the free phone line 800 468 378, where we will gladly answer your questions and help you to choose the most convenient investment solution.

 
ČS list of charges for mutual funds unit trading





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

The fund’s performance objective is to outperform Czech medium-term government bond yields in the long term by investments in corporate bonds. This is an open-ended mutual bond fund with a medium-term recommended investment period. The fund is suitable for investors looking for a higher return among bond funds. The aim is to achieve an excess yield mainly thanks to investments in top quality corporate bonds at an investment or partly a speculative level, which provide a higher yield than government bonds while accepting increased risk. The key source of the fund’s income is mainly interest yields from debt instruments. The fund is managed actively and the fund manager can also make use of short-term market opportunities. All bonds must be listed on European and American stock markets where a higher requirement is placed on the transparency of issuers’ management. The fund mainly bears an interest and credit risk.

Performance (2024/05/23)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 0.89 3.44 7.47 0.34 1.50 0.97 2.12

Annual performance in % (2024/05/23)

Period 2019 2020 2021 2022 2023
Perf 8.09 1.47 -0.57 -8.73 10.04

Funds ratio of bonds (2024/04/30)

Average Yield5.82 %
Average time to maturity3.14 years
Duration in years2.86 years
Modified duration2.75 %

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

Statistical figures (2024/04/30)

Sharpe Ratio0.33
Volatility in %2.00

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/05/23)

1Y
47.41
 
-27.10
3Y
16.29
 
-9.16
5Y
11.68
 
-2.61
10Y
5.58
 
-0.18

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.

Top holdings (2024/04/30)

ISINNameCurrency%FA
CH0576402181UBS GROUP 0,25/28EUR1.80
FR0013444759BNP PARIBAS 0,125/26EUR1.62
XS2487054004ABN AMRO BANK 2,375/27EUR1.58
XS2051361264AT&T INC 0,25/26EUR1.23
FR00140046Y4ENGIE 1,875 PERP-31EUR1.21
BE6285455497ANHEUSER-BUSCH 2/28EUR1.20
XS1799938995VOLKSWAGEN 3,375/PERP-24EUR1.19
XS2148623106LLOYDS 3,5/26EUR1.02
XS1790990474CREDIT AGRICOLE 1,375/25EUR1.00
FR001400DY43ORANGE 3,625/31EUR0.97

Holdings by country (2024/04/30)

20.48 %France
17.96 %Česká republika (vč. depozit)
12.22 %Other
10.77 %Germany
9.35 %Netherlands
8.66 %USA
7.03 %Spain
4.66 %Italy
4.57 %United Kingdom
4.28 %Poland

Percentage holdings by rating (2024/04/30)

46.79 %Baa
40.54 %A
5.80 %Aa
4.50 %Ba
1.67 %B

Percentage asset types (2024/04/30)

87.99 %Corporate Bonds
10.93 %Deposits
1.08 %Government Bonds

Holdings by currency (2024/04/30)

100.00 %CZK



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

 
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