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MPF 10


The product is only for Erste Private Banking clients. Minimum investment amount 5 000 000 CZK.

ISIN:
CZ0008474558

2019/12/12
NAV
1.0526
Difference 0.10% (0.00)

General attributes

Fund typeFlexible Balanced Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception2014/09/01
Licenced inCZ
Duration of fundopen end
Total assets880,618,372.00 CZK
Fiscal year01/01 - 12/31
Initial charge0.50%
Management fee0.60%
Ongoing charges1.01%
Minimum investment300 CZK
Account number-
Recommended holding periodAt least 3 years
Investor experience-
Investor tolerance3 (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
• 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 • 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
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 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 (2019/12/12)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 6.60 1.95 5.63 1.43 1.00 - 0.98

Annual performance in % (2019/12/12)

Period 2014 2015 2016 2017 2018
Perf - -1.62 2.22 1.77 -3.99

Performance Calculator

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

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

1Y
5.76
 
-5.02
3Y
1.77
 
-0.29
5Y
1.07
 
0.85

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 (2019/11/30)

ISINNameCurrency%FA
CZ0008473659DLUHOPISOVY FOND-13.85
CZ0001004113GOVERNMENT BOND VAR 12/09/20-9.14
LU0113258742SCHRODER INTL EURO CORP-CAC-8.37
CZ0008474863FOND STATNICH DLUHOPISU-7.01
CZ0008473188LIKVIDITNI FOND-6.54
AT0000A1YRN5ESPA BOND EURO CORP. EUR DPM C-5.73
AT0000A1YRA2ESPA BOND DOLLAR USD D02-5.19
AT0000A1XWX6ERSTE BOND E/M-EUR DPM C-3.07
IE00B3F81R35ISHARES CORE EURO CORP BOND-2.65
AT0000A1Y2V7ERST BOND LOC EMERG-EUR D02V-2.61

Percentage asset types (2019/11/30)

63.98 %Bonds Markets
16.95 %Money Markets
9.88 %Equity Markets
9.19 %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.

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.

Fund chart analyzer

Compare the historical performance of mutual funds.

Performance Calculator

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

Performance overview table

Performance of mutual funds for various time periods with weekly updates.

Contact

 
Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




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