| 2023/09/20 | |
|---|---|
| NAV | |
| 1.0977 | |
| Difference | -0.05% (-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 | 2014/09/01 |
| Licenced in | CZ |
| Duration of fund | open end |
| Total assets | 1,738,393,197.00 CZK |
| Fiscal year | 01/01 - 12/31 |
| Initial charge | 0.50% |
| Management fee | 0.60% |
| Ongoing charges | 1.03% |
| Minimum investment | 300 CZK |
| Account number | - |
| Recommended holding period | At least 3 years |
| Investor experience | - |
| Investor tolerance | 2 (scale 1-7) |
Fund PDF download
| Prospectus |  |
| Key Information Document (KID) | |
| Obchodní podmínky České spořitelny pro poskytování investičních služeb | |
Fund annual reports
| Annual Reports | 2022/12/31 | |
| First-Half Report | 2023/06/30 | |
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 |
| • Active portfolio management makes it possible to flexibly respond to the market trend and therefore regulate risk-weighted assets in the portfolio • The option of up to a 20% share of the equity component in the portfolio increases the fund’s long-term potential• Investments are diversified and correlation between individual markets is being used• The currency hedging is actively managed | 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. • The product is distributed through ČS Erste Private Banking • Given the nature of the investments, the value of a share certificate may fluctuate for the length of the investment• This is not a guaranteed or hedge type fund• Historical performance does not guarantee future performance • |
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 purpose of the fund’s investment policy is to provide shareholders long-term appreciation of investment certificates above all by investments made in money market investment instruments, bonds and shares. The share of the equity component in the mutual fund portfolio is managed actively as is its regional and sector structure. The neutral weight of the share of the equity component in the assets of the mutual fund is 10%, with the option of going up to 20%. The fund’s performance target is to surpass the yields of the Czech Republic mid-term state bonds through a combination of investments into low-risk bonds and a small share of stock. The mutual fund carries a currency risk arising from investments made in local currencies. This risk in case of the equity component is actively managed by the available hedge instruments. The credit and interest risk is also actively managed. The recommended investment horizon is 3 years and more. |
Performance (2023/09/14)
| Period | YTD |
6m |
1Y (% p a) |
3Y (% p a) |
5Y (% p a) |
10Y (% p a) |
since inc. (% p a) |
| Perf | 4.24 | 2.67 | 4.92 | 1.03 | 1.60 | - | 1.05 |
Annual performance in % (2023/09/14)
| Period | 2018 | 2019 | 2020 | 2021 | 2022 |
| Perf | -3.99 | 6.88 | 2.64 | 0.30 | -2.90 |
Statistical figures (2023/08/31)
| Sharpe Ratio | - |
| Volatility in % | - |
Minimum & maximum performance in % p.a. (2023/09/14)
| 1Y | 8.69  |
 -5.79 | |
| 3Y | 3.39 |
-0.97 | |
| 5Y | 2.49 |
-0.73 |
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 (2023/08/31)
| ISIN | Name | Currency | %FA |
| CZ0008473659 | DLUHOPISOVY FOND | - | 16.77 |
| CZ0001004105 | GOVERNMENT BOND VAR 11/19/27 | - | 8.33 |
| AT0000A0K282 | XT BOND EUR-T | - | 7.90 |
| AT0000A1YRN5 | ERSTE BOND EURO CORP. EUR DPM C | - | 5.64 |
| CZ0008474863 | FOND STATNICH DLUHOPISU | - | 5.45 |
| CZ0008473188 | LIKVIDITNI FOND | - | 5.16 |
| CZ0008475225 | SPOROINVEST CZK DPM C | - | 4.94 |
| CZ0001004469 | GOVERNMENT BOND 1 06/26/26 | - | 3.69 |
| AT0000A1Y380 | ERSTE BD USA CORPOR-EUR D02 V | - | 3.28 |
| CZ0001006167 | GOVERNMENT BOND ZERO 12/12/24 | - | 3.26 |
Percentage asset types (2023/08/31)
| 73.14 % | Bonds Markets |
| 12.56 % | Money Markets |
| 9.85 % | Equity Markets |
| 4.45 % | Alternative Markets |
| 0.00 % | Equity Futures |
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. |