| 2019/11/12 | |
|---|---|
| NAV | |
| 1.3483 | |
| Difference | -0.01% (-0.00) |
General attributes
| Fund type | Flexible Balanced Funds |
| Investment company | Erste Asset Management GmbH, pobočka Česká republika |
| Currency | CZK |
| Type | - |
| Begin of subscription period | - |
| Inception | 1999/06/14 |
| Licenced in | CZ |
| Duration of fund | open end |
| Total assets | 291,157,079.00 CZK |
| Fiscal year | 01/01 - 12/31 |
| Initial charge | 1.00% |
| Management fee | 1.30% |
| Ongoing charges | 1.48% |
| Minimum investment | 300 CZK |
| Account number | 35-2000668309/0800 |
| Recommended holding period | At least 3 years |
| Investor experience | - |
| Investor tolerance | 3 (scale 1-7) |
Fund PDF download
| Prospectus |  |
| Key Investor Information Document | |
| Obchodní podmínky České spořitelny pro poskytování investičních služeb - platné od 3.1.2018 | |
| CZ Quarterly fund report | |
Fund annual reports
| Annual Reports | 2018/12/31 | |
| First-Half Report | 2019/06/30 | |
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 |
| • Clients eliminates the headache of managing its portfolio of funded• It is designed for clients who seek long-term and comprehensive solution to your investment portfolio in one single investment product• Availability of funds usually within one week• Access to capital markets, investment is 300 CZK• Broad diversification in multiple asset classes helps reduce investment risk | • Due to the nature of the investment value of the share certificate for the duration of the investment may fluctuate• The currency hedging is actively managed• PL purchased by the current exchange rate of the next working day after funds are credited to the account of the fund |
Secondary market
Purchase of share certificates Redemption/sale of share certificates For new clients: |
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 performance objective of the fund is to exceed the yields on government bonds of the Czech Republic through combined investments in money market instruments and a small share of stocks. It is a mixed open share fund which is primarily intended for conservative investors with a medium-term up to long-term investment horizon. It is an optimum solution for all careful investors who would like to take part in the development of stock markets with effective reduction of the impact of their possible fall. The fund implements such an investment strategy so that it will achieve positive appreciation within a calendar year. The share of the value of stocks, securities of foreign collective investment entities investing in stocks and investment certificates of stock open share funds is 25% of the fund asset value at the most. The portfolio management technology is drawn up in such a way that their share in assets would decrease in case the prices of stocks in the fund portfolio fall. Therefore the fond investment can continue even without the stock part till the end of the calendar year, or till the value of the investment certificate reaches the value it had at the beginning of the calendar year in which the stocks fell. The manager can also buy medium-term bonds into the fund assets, in particular with a floating interest yield. |
Performance (2019/11/07)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | 0.32 | 0.22 | 0.02 | -1.14 | -0.95 | -0.18 | 1.48 |
Annual performance in % (2019/11/07)
| Period | 2014 | 2015 | 2016 | 2017 | 2018 |
| Perf | -0.24 | -0.89 | -0.31 | -2.09 | -1.47 |
Minimum & maximum performance in % p.a. (2019/11/07)
| 1Y | 11.81  |
 -4.94 | |
| 3Y | 7.35 |
-1.72 | |
| 5Y | 4.70 |
-1.04 | |
| 10Y | 3.01 |
-0.19 |
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 (2019/09/30)
| ISIN | Name | Currency | %FA |
| CZ0001005706 | CZECH REP. 0,00/21 | EUR | 13.31 |
| CZ0008473188 | EAM LIKVIDITNI FOND | CZK | 7.59 |
| CZ0001001317 | CZECH REP. 3,75/20 | CZK | 7.00 |
| CZ0001004113 | CZECH REP. VAR/20 | CZK | 6.91 |
| CZ0001003834 | CZECH REP. 1,5/19 | CZK | 6.82 |
| CZ0001003123 | CZECH REP. VAR/23 | CZK | 3.61 |
| CZ0001005367 | CZECH REP. 0,75/21 | CZK | 3.41 |
| CZ0001005011 | CZECH REP. 0/20 | CZK | 3.40 |
| ES00000128B8 | BONOS Y OBLIG 0,75/21 | EUR | 2.71 |
| XS0975256685 | REPSOL 3,625/21 | EUR | 1.96 |
Holdings by country (2019/09/30)
 | 79.61 % | Czech Republic |
| 7.43 % | Spain |
| 5.73 % | France |
| 3.63 % | United Kingdom |
| 1.81 % | Netherlands |
| 1.80 % | USA |
Percentage holdings by rating (2019/09/30)
| 85.19 % | A |
| 9.32 % | Baa |
| 5.48 % | Aa |
Percentage asset types (2019/09/30)
| 56.08 % | Fixed Coupon Bonds |
| 13.65 % | Reverse repurchase operations |
| 12.06 % | Deposits a Treasury bills |
| 10.52 % | Floating Coupon Bonds |
| 7.59 % | Mutual Fund shares |
| 0.10 % | Equities |
Holdings by currency (2019/09/30)
| 100.00 % | CZK |
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. |
