High yield dluhopisový

Corporate bonds mostly of speculative grade with the actively managed currency hedging.
ISIN: CZ0008472412  

 
Performance goal and investment strategy
The performance objective of the fund is to exceed the yields on government bonds of the Czech Republic through investments in corporate bonds bearing a higher risk in the long term. It is an open bond share fund with a medium-term recommended investment period. The fund is intended for investors who wish to achieve high appreciation on bond markets and accept short-term price fluctuations. The fund endeavours to achieve a surplus yield primarily thanks to investments in corporate bonds at the speculative level ("High Yield"), offering a higher yield than government bonds with increased risk. The fond invests on global markets, typically it is invested in issuers from countries of West, Central and East Europe, and maintains the overall average portfolio duration below 5 years. Before a careful selection of titles, a detail analysis is performed; every selected title is continually evaluated with respect to the portfolio credit quality and probability that bond issuers will keep their obligations. The fund is actively managed, which means that the fund manager can use short-term market opportunities as well and thus manage the credit risk actively. The currency hedging is actively managed.
 
Performance (2019/12/12)
Period
YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 8.57 3.76 8.47 2.38 2.93 3.45 2.94
Annual performance in % (2019/12/12)
Period 2014 2015 2016 2017 2018
Perf 1.98 0.99 6.53 1.85 -3.35
Statistical figures (2019/10/31)
Average time to maturity2.61
Average Yield3.97
Duration in years5.15
Modified duration2.81
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Minimum & maximum performance in % p.a. (2019/12/12)
1Y
69.11
-35.59
3Y
18.35
-0.70
5Y
14.90
-1.15
10Y
8.02
2.94
 
 
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.