ESPA RESERVE CORPORATE

Near-money-market fund with a focus on short-term corporate bonds

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Data per /  NAV per: 31.05.2017 / 23.06.2017

Investment characteristic

The ESPA RESERVE CORPORATE fund invests globally in short-term or variable-rate corporate bonds. The issues are mainly in euros. If foreign currency bonds are included, the exchange rate risk is hedged. Interest rate risks play a relatively minor role. Changes in credit risk and credit spreads affect the bond price and thus the fund price and are actively controlled.

Fund key facts

Fund assets EUR  227,84 Mio.
Day of first issue 08.07.2002
Fund financial year 01.03.  to  28.02.
Dividend payout date 01.06.
Registration for sale AT,DE,HU,RO,SK
Sales charge 0,75%
Redemption fee 0,00%
Management Fee up to 0,32% p.a.
Risk type according to KID
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Recommended holding period minimum 2 years
Custodian bank Erste Group Bank AG
Investment Company ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H.
Contact ansprechpartner@sparinvest.com

Share certificate type ISIN Currency NAV
Accumulating share (VT) AT0000A00GL9 EUR 136,08

Performance1

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Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.)**

Currency Start of the fund Start of the year* 1 year 3 years 5 years 10 years
EUR 2,31 0,51 1,15 0,74 2,32 2,26

* absolut


Yearly performance (in %, in fund base currency)**

** The performance is calculated in accordance with the OeKB method. It already includes the management fee. However, the illustration is net of the one-off load of up to 0,75 %, which falls due at the time of purchase, and of other fees that reduce the return as well as of the individual account and deposit fees. Past performance is not a reliable indicator of the future performance of a fund.

Unless explicitly noted otherwise, performance figures for periods of less than five years always start from the launch of the fund. Performance figures for periods of less than 12 months in particular are not indicative of a fund’s development due to their short-term nature.

Disclaimer

This document is an advertisement. Unless indicated otherwise, source: ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. Our languages of communication are German and English. The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the web site www.erste-am.com or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

Advantages for the investor

  • Broad diversification in selected short term or variable-rate corporate bonds.
  • No currency effects due to currency hedging.
  • Opportunity to earn attractive annual payouts.
  • Risks to be considered

  • Prices of corporate bonds also depend on the company's financial performance (credit risk).
  • The prices of corporate bonds are also influenced by credit risk (negative trend in the credit rating of the company or government).
  • Capital loss is possible.
  • Disclaimer

    This document is an advertisement. Unless indicated otherwise, source: ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. Our languages of communication are German and English. The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the web site www.erste-am.com or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.