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REICO ČS LONG LEASE


Real estate fund investing in commercial real estate with long-term leases in the Czech Republic and other Central European countries

ISIN:
CZ0008476280

2024/03/14
NAV
1.1187
Difference 0.00% (0.00)

General attributes

Fund typeReal Estate Funds
Investment companyREICO Investiční společnost České spořitelny, a.s.
CurrencyCZK
Type-
Begin of subscription period-
Inception2021/01/19
Licenced inCZ
Duration of fundopen end
Distribution-
Total assets2,279,030,000.00 CZK
Fiscal year01/01 - 12/31
Initial charge1.50%
Management fee1.75%
Ongoing charges2.00%
Minimum investment300
Account number9054582/0800
Recommended holding periodAt least 5 years
Investor experience-
Investor tolerance3 (scale 1-7)

 
Initial charge represents a % of the value of the current fund share unit price and is charged once upon making the investment. Management Fee and Ongoing Charges represent costs paid from the assets of the mutual fund on an annual basis (per annum).


Fund PDF download

CZ FlyerPDF Download
ProspectusPDF Download
Sustainability-related disclosuresPDF Download
Monthly fund reportPDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download
Key Information DocumentPDF 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 focusing on long-term leased real estates with an above-average length of lease contracts of 10 or more years enables extensive diversification of risks within sectors, countries and the expiration period of individual lease contracts. • The fund's return does not influence behavior on the capital markets (such as shares or bonds), but the rental income and market value of real estate owned. • Even with small amounts, you become a co-sharer in a varied portfolio of high-quality office, retail and industrial real estate as well as logistics and production facilities. • Professional fund management – an experienced portfolio manager searches the market for the best investment opportunities on the real estate markets in the Czech Republic and other Central European countries. • For regular investments, a discount on the fee for the purchase of share certificates. • Fast availability of funds (usually within a week). 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 by investments that consider aspects of sustainable investing (according to Article 8 or Article 9 SFDR) • 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. • The client's compatibility with the product's target market will be evaluated during the purchase process.                                                                                                                              • The value of the share certificate may fluctuate significantly during the investment duration, and therefore the return of the originally invested amount is not guaranteed. • In view of its focus the fund bears the risk of the investment and real estate market. The credit risk stemming from the long-term obligations of the tenants is managed by various forms of income hedging. • A currency risk can arise by holding buildings leased and valued in Euros, and is partly managed. • The fund’s liquidity risk is directly proportional to the share of fund capital invested in low-liquidity assets. The risk of concentration is the specific risk of a limited number of real estate or sectors. • Be aware of the risk of inflation. Investors should be aware that the fair value of the investment, including any real yield, may fall with regard to how the inflation reduces its value. • Investors should not base their investment decision solely on the information provided here as they may fall outside the target market or in a negative target market of this product and this product may not be suitable for all investors.

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.



Disclaimer

The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity.

Performance goal and investment strategy

The real estate fund is intended for conservative and dynamic investors with a long-term investment horizon who want to draw the benefits from investments in top quality commercial real estate without problems associated with its management or purchase and sale. The fund’s performance objective is to outperform Czech government bond yields in the long term by investments in a broadly diversified commercial real estate portfolio. It invests mainly in logistics, industrial, retail, office and other commercial real estate, particularly in the region of Central Europe. The real estate part of the portfolio adds stability to the fund in the form of long-term lease agreements with creditworthy tenants so the given real estate is critical to its operation. The lease agreements for the fund’s buildings are of above-average length and are usually secured for 10 and more years. This helps minimise the loss of income related to the subletting of the real estate and thanks to the annual rent increase to profit from the rise of the price level. The share of the fund’s real estate component accounts for up to 90% of its value. The fund holds the remaining approx 10% in quick liquid financial assets to secure payment of redeeming certificate holders. The fund does not pay a dividend. The fund’s income is reinvested.

Performance (2024/03/14)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 0.58 1.92 3.99 - - - 4.04

Annual performance in % (2024/03/14)

Period 2019 2020 2021 2022 2023
Perf - - - 5.90 4.79

Statistical figures (-)

Sharpe Ratio-
Volatility in %-

Performance Calculator

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

Minimum & maximum performance in % p.a. (2024/03/14)

1Y
8.63
 
-1.92

Disclaimer

The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity.

Administrative Building

708 00 Ostrava-Pustkovec, Technologická 374, Czechia

Description:

Budova ELCOM v moravskoslezské Ostravě. Nachází se v areálu Moravskoslezského inovačního centra (MSIC) a poblíž ostravské Vysoké školy bánské – Technické univerzity.  Nemovitost o rozloze 4.057 m2 kancelářských a skladových ploch byla postavena v r. 2006 a 2019 jako hlavní výzkumné sídlo společnosti. Společnost má 30letou historii v oblasti testování a měření, energetiky a průmyslové automatizace. Nájemní smlouva je zajištěna na 15 let a umožňuje postoupení veškerých provozních a dalších nákladů nájemci.

Object data:

Usable area (m2): 4,057 m2
Use of building: Administrative Building
Address: 708 00 Ostrava-Pustkovec, Czechia
Current value: 183.200.000
Date of purchase: 2021/05/17

Commercial Building

511 01 Turnov, Sobotecká 836, Czechia

Description:
Centrum na výrobu plastových obalů společnosti VYVA PLAST se skládá ze dvou industriálních budov a jedné administrativní budovy, které jsou vzájemně propojené. Kromě původní průmyslové budovy byl celý komplex postupně vystavěn v letech 2013 až 2020. Celková pronajímatelná plocha objektu je přes 5,83 tisíc m2 a je plně obsazena. Klienty společnosti jsou nadnárodní koncerny Bosch, Škoda Auto, Foxconn, Velux, Panasonic, SOR a další.

Object data:

Usable area (m2): 5,833 m2
Use of building: Commercial Building
Address: 511 01 Turnov, Czechia
Current value: 161.000.000
Date of purchase: 2022/11/10

Commercial Building

62-200 Gniezno, Słoneczna 42, Poland

Description:
Centrum na výrobu baterií společnosti APS, tvoří dvě výrobní a dvě skladové haly, které jsou vzájemně propojené. Součástí objektu jsou i dvě servisní budovy a více než 200 parkovacích míst. Celý komplex byl postupně vystavěn ve třech fázích, z nichž poslední byla dokončena v roce 2018. Celková pronajímatelná plocha objektu je přes 24 tisíc m2 a je plně obsazena. Exkluzivním dlouhodobým nájemcem celého objektu je belgická společnost Advanced Power Solution (APS), lídr v oblasti výroby karbon zinkových a alkalických baterií. APS působí na trzích ve více než 50 zemí světa, včetně Evropy, severní Ameriky a Asie.

Object data:

Usable area (m2): 24,000 m2
Use of building: Commercial Building
Address: 62-200 Gniezno, Poland
Current value: 511.000.000
Date of purchase: 2022/08/03

Commercial Building

32-083 Balice, Kapitana Mieczysława Medweckiego 2, Poland

Description:
Výzkumné a vývojové centrum BWI se skládá ze dvou propojených budov postavených v roce 2020, vyznačujících se šetrností k životnímu prostředí. Jejich součástí jsou zejména laboratorní a kancelářské prostory, ale i například 365 parkovacích míst. Celková pronajímatelná plocha objektu je téměř 11 tisíc m2 a je plně obsazena. Jediným nájemcem centra je nadnárodní společnosti BWI, zaměřující se na vývoj, výrobu a prodej odpružovacích systémů a jiných vybraných součástek a komponentů pro automobilový průmysl. Mezi klienty společnosti patří například značky BMW, Ford, Porsche, Audi, Ferrari nebo Land Rover.

Object data:

Usable area (m2): 10,985 m2
Use of building: Commercial Building
Address: 32-083 Balice, Poland
Current value: 699.012.000
Date of purchase: 2022/04/01

Disclaimer

The full names of the open-ended mutual funds and complete product information are provided in the statutes (prospectuses) of the funds. The information stated herein is of the nature of a promotional message. The information stated in this message is not an investment recommendation or investment advice since it does not take into account the specific situation of specific investors. The value of the financial instruments may rise and fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of the same performance in a future period. A visitor to this website may be outside the target market of the financial instruments stated herein. We recommend that you consult your specific investment plan with an expert advisor who will verify that the planned investment will be commensurate with your knowledge and experience, that it will be in accordance with your needs, characteristics and goals, financial circumstances or relation to risk, and will familiarise you with all possible risks of a specific investment opportunity.

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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Contact

 
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