Very Short-Term Bond Fund
ISIN: CZ0008472271  

Performance goal and investment strategy
The performance objective of the fund is to exceed the yields on deposit bank products. It is a bond shares fund of very short-term investments. The fond is intended for investors who wish to achieve better appreciation than with term deposits and are aware that they can suffer only a small and short-term loss in the case of negative development of interest rates. The shares fund, however, does not have to be suitable for the investors who intend to get back their money invested in a period shorted than 6 up to 12 months. For more experienced investors, it may also play a role of an investment product for a temporary parking of money, without the knowledge of the time horizon of its further use. The fund portfolio mainly consists of bonds with a variable or fixed coupon which are mostly bought with the intention of their holding till maturity. The fund also invests in treasuries and bank deposits, or possibly in bonds with an input derivative. The fund also invests in securities in denominated foreign currencies, and the currency hedgding is actively managed. The weighted average portfolio maturity is max. 18 months.
Performance (2020/07/02)
(% p a)
(% p a)
(% p a)
(% p a)
since inc.
(% p a)
Perf 0.65 0.65 1.23 0.28 0.02 0.27 2.67
Annual performance in % (2020/07/02)
Period 2015 2016 2017 2018 2019
Perf -0.21 -0.03 -1.30 -0.36 1.24
Statistical figures (2020/05/31)
Average time to maturity-
Average Yield0.45
Duration in years0.85
Modified duration0.84
Minimum & maximum performance in % p.a. (2020/07/02)
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.