ESPA BOND DOLLAR CORPORATE

Corporate bonds in dollars, without currency hedging

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Data per /  NAV per: 31.03.2017 / 27.04.2017

Investment characteristic

The ESPA BOND DOLLAR-CORPORATE fund invests in corporate bonds with excellent to average credit ratings. The bonds in the fund have an investment grade credit rating. The portfolio is broadly diversified. The bonds are denominated in US dollars and are largely issued by US – but also European and other international – companies.

Fund key facts

Fund assets EUR  82,19 Mio.
Day of first issue 15.01.2001
Fund financial year 01.08.  to  31.07.
Dividend payout date 01.10.
Registration for sale AT,DE,HU,RO,SK
Sales charge 3,50%
Redemption fee 0,00%
Management Fee up to 0,72% p.a.
Risk type according to KID
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
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) AT0000605332 USD 185,60

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 3,73 -1,10 8,13 10,93 7,07 6,43

* 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 in selected USD corporate bonds with good to average credit ratings.
  • Opportunity to earn an attractive, long-term return.
  • Gains are possible when interest rates fall.
  • A rising dollar has a positive effect on fund performance.
  • Risks to be considered

  • Investments are denominated solely in foreign currencies (primarily the US dollar).
  • A falling dollar has a negative impact on fund performance.
  • Rising interest rates can lead to price declines.
  • Prices of corporate bonds also depend on the company's financial performance.
  • Capital loss is possible.
  • Risk notes according to 2011 Austrian Investment Fund Act

    In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ESPA BOND DOLLAR CORPORATE intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12.

    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.