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Stock Small Caps


An actively managed stock fund designed for companies with lower market capitalisation, so-called Small Caps, traded on developed stock markets

ISIN:
CZ0008475043

2023/12/01
NAV
1.6917
Difference 1.75% (0.03)

General attributes

Fund typeEquity Funds
Investment companyErste Asset Management GmbH, pobočka Česká republika
CurrencyCZK
Type-
Begin of subscription period-
Inception2017/05/02
Licenced inCZ
Duration of fundopen end
Total assets13,410,843,015.00 CZK
Fiscal year01/01 - 12/31
Initial charge3.00%
Management fee1.80%
Ongoing charges2.24%
Minimum investment300 CZK
Account number7333342/0800
Recommended holding periodAt least 5 years
Investor experience-
Investor tolerance4 (scale 1-7)

Fund PDF download

ProspectusPDF Download
Key Information Document (KID)PDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download
CZ Flyer PDF Download
Monthly fund reportPDF Download

Fund annual reports

Annual Reports2022/12/31PDF Download
First-Half Report2023/06/30PDF 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
• A unique investment strategy focused on smaller companies• The possibility of investing into developed stock markets in Europe and North America• Availability of funds usually within one week• An actively managed currency risk• A discount in the fee for procuring the purchase of investment certificates during regular investment 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 and shares. • 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. • This fund is not intended for investors (negative product target market) who are unable to bear the possible loss of invested funds in the event of an unfavorable development of the investment.                                                                                                                              • Designed for experienced and dynamic investors looking to appreciate their investments on stock markets within a horizon of 5 years and more• In view of the character of the investments, the value of an investment certificate may vary for the duration of the investment• Investments in stock of so-called small cap companies are usually a greater risk than investments into the stock of big companies.• The mutual fund carries a currency risk arising from investments into local currencies. This risk is actively managed using available hedging instruments.Index table:
www.erste-am.cz/tabulkaindexu

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

This is a stock open-end mutual fund designed for dynamic investors with a long-term investment horizon. The objective of the investment strategy is to provide holders with long-term appreciation of investment certificates through investments into a concentrated portfolio of shares issued by companies with lower market capitalisation (so-called Small Caps) traded on developed stock markets in Europe and North America. The objective is attained by the active choice of individual shares for long-term appreciation (so-called Stock-picking). The fund’s portfolio normally represents at least forty various investment ideas with about the same weight. One investment idea normally means investment into one selected share, and in some cases also into more shares. The risk arising from investments into local currencies is actively managed using available hedging instruments. In view of the significant representation of shares in the portfolio and the high concentration of the portfolio, the value of an investment can show a high short-term variability. In view of the investment strategy the fund is suitable for regular investment and as a proportion of the stock part of the investment portfolio.

Performance (2023/11/30)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 7.87 -1.28 2.40 2.15 6.54 - 8.02

Annual performance in % (2023/11/30)

Period 2018 2019 2020 2021 2022
Perf 0.94 25.56 15.46 18.10 -19.29

Statistical figures (2023/10/31)

Sharpe Ratio-
Volatility in %-

Performance Calculator

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

Minimum & maximum performance in % p.a. (2023/11/30)

1Y
92.32
 
-30.95
3Y
20.36
 
1.82
5Y
11.30
 
4.26

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 (2023/10/31)

ISINNameCurrency%FA
US33768G1076SHS FIRSTCASH HOLDINGS INC ORD RUSD3.97
CA21037X1006CONSTELLATION SOFTWARE INCCAD3.83
US1270971039COTERRA ENERGY INCUSD3.69
GB0031274896MARKS AND SPENCER GROUP PLCGBP3.52
CA87262K1057TMX GROUP LTDCAD3.14
ES0113679I37BANKINTER SAEUR3.07
IE00BYTBXV33RYANAIR HOLDINGS PLCEUR3.03
US1699051066CHOICE HOTELS INTL INCUSD2.91
AT0000730007ANDRITZ AGEUR2.84
DE000KBX1006KNORR-BREMSE AGEUR2.80

Percentage holdings by sector (2023/10/31)

19.86 %Financials
17.11 %Industrial enterprises
11.95 %Health Care
10.02 %Cash and Cash Equivalents
9.51 %Consumer Discretionary
9.49 %Information Technology
7.87 %Consumer Staples
5.64 %Communication Services
4.86 %Materials
3.69 %Energy

Holdings by currency (2023/10/31)

47.64 %USD
24.48 %EUR
11.40 %CAD
10.02 %CZK
6.24 %GBP
0.22 %SEK



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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