ERSTE BOND EMERGING MARKETS

Emerging market bonds in US dollars and euros, with currency hedging

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Data per /  NAV per: 30.06.2017 / 27.07.2017

Investment characteristic

ERSTE BOND EMERGING-MARKETS invests primarily in government bonds from emerging markets in Latin America, Central and Eastern Europe, Asia and Africa. In addition, the fund may add investments in corporate bonds of issuers from these regions. A majority of these bonds have credit ratings of "BBB" to "B". The fund invests primarily in hard-currency bonds in US dollars and euros. While the euro/US dollar currency risk is permanently hedged, up to 10% of the fund's assets in emerging markets may be invested in local currency markets.

Fund key facts

Fund assets EUR  266,33 Mio.
Day of first issue 17.03.1997
Fund financial year 16.03.  to  15.03.
Dividend payout date 15.06.
Registration for sale AT,CH,DE,ES,HU,RO,SK
Sales charge 3,50%
Redemption fee 0,00%
Management Fee up to 1,20% p.a.
Risk type according to KID
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Recommended holding period minimum 6 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) AT0000673306 EUR 202,73

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 6,37 4,68 2,89 2,62 3,47 4,57

* 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 3,50 %, 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 of risks through the selection of bonds from a variety of emerging markets.
  • Foreign currencies are predominately hedged against the euro.
  • Chance of high long-term return.
  • Risks to be considered

  • Higher risk due to the addition of issuers with average to lower credit ratings.
  • The investor bears the increased market risk of the participating countries.
  • The net asset value of the fund can fluctuate considerably.
  • 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.