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Trendbond


Government bonds of Central and Eastern Europe

ISIN:
CZ0008472297

2019/12/10
NAV
1.2772
Difference -0.09% (-0.00)

General attributes

Fund typeMedium-Term Bond Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception2001/10/29
Licenced inCZ
Duration of fundopen end
Total assets478,497,112.00 CZK
Fiscal year01/01 - 12/31
Initial charge1.00%
Management fee1.50%
Ongoing charges1.74%
Minimum investment300 CZK
Account number35-2001150309/0800
Recommended holding periodAt least 3 years
Investor experience-
Investor tolerance4 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF Download
CZ Monthly fund reportPDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download

Fund annual reports

Annual Reports2018/12/31PDF Download
First-Half Report2019/06/30PDF 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 presence of corporate bonds increases the long-term growth potential• Addition to the bond part of the investment portfolio• Thanks to hedging, the fond is not affected by currency risk• The fund is actively managed• 0% exit fees• Ideal for regular investments • Growing interests may result in a short-term decline in price• The currency risk is not fully hedged.• The fund is actively managed, i.e. its turnover can be high• Money is normally available within a week• Minimum investment CZK 300

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

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 investments in bonds of neighbouring countries in the long term.It is an open bond share fund with a medium-term recommended investment period. The fund is ideal for investors who look for a higher yield than as offered by domestic bond funds. The fund endeavours to achieve surplus yield thanks to ongoing convergence of interest rates of Central European markets and the EU Economic and Monetary Union. The fund is actively managed, which means that the fund manager can use short-term market opportunities as well. Significant sources of the fund income are mainly interest yields on debt instruments. The fund buys mainly government bonds of candidate and member countries of the European Union. The fund is partially currency hedged, and investment in the fund is connected with interest and currency risks.

Performance (2019/12/05)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 4.99 4.78 5.19 -1.35 -2.72 0.60 1.38

Annual performance in % (2019/12/05)

Period 2014 2015 2016 2017 2018
Perf 8.20 -4.34 -2.64 -4.63 -5.72

Funds ratio of bonds (2019/10/31)

Average Yield3.03 %
Average time to maturity4.46 years
Duration in years4.13 years
Modified duration4.01 %

Performance Calculator

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

Minimum & maximum performance in % p.a. (2019/12/05)

1Y
18.52
 
-15.81
3Y
8.94
 
-6.75
5Y
5.65
 
-3.00
10Y
3.09
 
-0.76

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 (2019/10/31)

ISINNameCurrency%FA
PL0000107264POLAND GOVERN BOND 4 10/25/23PLN8.04
PL0000108866POLAND GOVERN.BOND 2.5 07/25/26PLN7.71
PL0000108197POLAND GOVERN.BOND 3.25 07/25/25PLN5.34
CZ0001002547GOVERNMENT BOND 5.7 05/25/24CZK5.05
PL0000109492POLAND GOV. BOND 2.25 04/25/22PLN4.80

Holdings by country (2019/10/31)

36.74 %Poland
34.99 %Czech Republic
16.76 %Turkey
11.51 %Hungary

Percentage holdings by rating (2019/10/31)

36.74 %A
34.99 %Aa
16.76 %B
11.51 %Baa

Percentage asset types (2019/10/31)

94.25 %Government Bonds
5.75 %Deposits

Holdings by currency (2019/10/31)

36.89 %PLN
34.15 %CZK
16.56 %TRY
11.91 %HUF
0.48 %Ostatní



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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