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Very Short-Term Bond Fund

ISIN:
CZ0008473188

2019/12/05
NAV
1.0201
Difference 0.01% (0.00)

General attributes

Fund typeShort-Term Bond Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception2009/09/02
Licenced inCZ
Duration of fundopen end
Total assets2,716,938,139.00 CZK
Fiscal year01/01 - 12/31
Initial charge0.10%
Management fee0.08%
Ongoing charges0.20%
Minimum investment300 CZK
Account number3928162/0800
Recommended holding periodAt least 6 months
Investor experience-
Investor tolerance1 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Investor Information DocumentPDF 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 fund bears a low interest and a minimum credit risks, without any exchange rate and stock risks• quick liquidity: If need be, you may get your money back at any time (normally within 3 working days)• expertise: Professional administration of your invested money• possibility of one-off or regular investment• access to capital markets for small investors• low transaction costs: Flexible asset management in a sufficient volume • fund assets are distributed among deposits, government T-bills, government bonds bearing fixed interest with maturity up to 4 year and bank deposits a reverse repo operatons • the recommended investment horizon is 6 months

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 term deposits bearing lower interest in the long term with the knowledge that in comparison with term deposits, they can terminate their investment at any time without penalties. It is mainly intended for conservative investors who wish to appreciate their money at the highest rate of reliability, to minimize the investment fluctuation, and to maintain the asset value. The goal is achieved by exposure to the Czech Republic and domestic banks and by the limitation of maturity of instruments (low interest and credit risk, absence of currency and equity risk).

Performance (2019/12/05)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 1.32 0.79 1.33 0.22 -0.01 0.17 0.19

Annual performance in % (2019/12/05)

Period 2014 2015 2016 2017 2018
Perf -0.22 -0.30 -0.48 -0.80 0.23

Funds ratio of bonds (2019/10/31)

Average Yield-
Average time to maturity0.92 years
Duration in years-
Modified duration-

Performance Calculator

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

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

1Y
1.37
 
-0.84
3Y
0.76
 
-0.55
5Y
0.42
 
-0.40
10Y
0.19
 
0.17

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
CZ0001005011CZECH REP. 0,00/20CZK15.09
CZ0001005367CZECH REP. 0,75/21CZK10.96
CZ0001005029CZECH REP. 0,00/22CZK7.38
CZ0001001945CZECH REP. 4,7/22CZK6.27
CZ0001003123CZECH REP. VAR/23CZK6.00
CZ0001004113CZECH REP. VAR/20CZK3.84
CZ0001001317CZECH REP. 3,75/20CZK3.50

Holdings by country (2019/10/31)

100.00 %Czech Republic

Percentage asset types (2019/10/31)

43.20 %Government bonds - fixed coupon
35.60 %Cash and deposits
11.40 %Reverzní repo operace / Reverse repurchase operations
9.80 %Government floater

Holdings by currency (2019/10/31)

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.

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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