| 2023/12/01 | |
|---|---|
| NAV | |
| 1.6917 | |
| Difference | 1.75% (0.03) |
General attributes
| Fund type | Equity Funds |
| Investment company | Erste Asset Management GmbH, pobočka Česká republika |
| Currency | CZK |
| Type | - |
| Begin of subscription period | - |
| Inception | 2017/05/02 |
| Licenced in | CZ |
| Duration of fund | open end |
| Total assets | 13,410,843,015.00 CZK |
| Fiscal year | 01/01 - 12/31 |
| Initial charge | 3.00% |
| Management fee | 1.80% |
| Ongoing charges | 2.24% |
| Minimum investment | 300 CZK |
| Account number | 7333342/0800 |
| Recommended holding period | At least 5 years |
| Investor experience | - |
| Investor tolerance | 4 (scale 1-7) |
Fund PDF download
| Prospectus |  |
| Key Information Document (KID) | |
| Obchodní podmínky České spořitelny pro poskytování investičních služeb | |
| CZ Flyer | |
| Monthly fund report | |
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 |
| • 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 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
| 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 % | - |
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)
| ISIN | Name | Currency | %FA |
| US33768G1076 | SHS FIRSTCASH HOLDINGS INC ORD R | USD | 3.97 |
| CA21037X1006 | CONSTELLATION SOFTWARE INC | CAD | 3.83 |
| US1270971039 | COTERRA ENERGY INC | USD | 3.69 |
| GB0031274896 | MARKS AND SPENCER GROUP PLC | GBP | 3.52 |
| CA87262K1057 | TMX GROUP LTD | CAD | 3.14 |
| ES0113679I37 | BANKINTER SA | EUR | 3.07 |
| IE00BYTBXV33 | RYANAIR HOLDINGS PLC | EUR | 3.03 |
| US1699051066 | CHOICE HOTELS INTL INC | USD | 2.91 |
| AT0000730007 | ANDRITZ AG | EUR | 2.84 |
| DE000KBX1006 | KNORR-BREMSE AG | EUR | 2.80 |
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. |
