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40 Jahre
ESPA BOND INTERNATIONALInternational bondsStatus at 07/30/2010
Investment featuresRecurrent income from euroland and international bonds.
Alongside euro member state bonds, the ESPA BOND INTERNATIONAL fund also invests in foreign currency bonds. This investment takes into account the need for broad risk diversification. Foreign currencies can be temporarily hedged against the euro as and when market conditions demand. A great deal of attention is paid to good borrower rating when bonds are selected. The fund is designed to generate regular income from Eurozone and international bonds.
This is an advertisement. Unless otherwise noted, data source ERSTE-SPARINVEST KAG. Our languages of communication are German and English. The latest version of the Prospectus (and any changes thereto) has been published in the “Amtsblatt zur Wiener Zeitung”, in accordance with the provisions of the Austrian Investmentfondsgesetz [Investment Funds Act]. Copies are available free of charge to interested parties at the registered offices of both ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and Erste Group Bank AG (the custody bank). The most recent publication date and details of any other collection offices are published on the ERSTE-SPARINVEST KAG website (www.sparinvest.com). This document serves to provide additional information to our investors and reflects the knowledge of its authors at the time of going to press. Our analyses and conclusions are of a general nature and do not take into account the personal needs of our investors in terms of income, fiscal situation or attitude to risk. It should be noted that past performance is not a reliable indicator of the future performance of a fund.
Fund key data
Dividend01.10.
Base currencyEUR
Fund volume85,996,328.06
Fund accounting year01.08. to 31.07.
Day of first issue12/02/1969
Sales authorisationAT,HU
Management fee0.60 % p.a.
Recommended holding periodIII
Investor experienceC - D
Investor risk tolerance6
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000858048 EUR11.583.50%
T.AT0000812920 EUR19.813.50%
T.C.AT0000858055 EUR19.813.50%
VT.AT0000A00GA2 HUF5,794.323.50%
VT.AT0000673322 EUR20.453.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
HUF19.6012.63  15.186.70
EUR12.608.373.613.0410.926.32
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 9.21 -4.50 -2.22 11.75 2.85
Statistical data according to OeKB (3 years)
Sharpe ratio0.71
Volatility (in %)8.29
Benefits for investorAdditional increase in value possible from foreign exchange earnings
Optimum risk diversification in selected currencies
Investment in bonds with a good credit rating
Please noteForeign currencies have a significant influence on the fund's performance.
A decline in price is possible if interest rates rise.
Recommended length of holding at least 5 years.
Top positions
SecurityShare of fund assets
ESPA BOND DOLLAR A (DL)17.70%
ESPA BOND MORTGAGE T11.02%
ESPA BD DOL. CORP. T(USD)8.55%
ESPA BOND EURO-CORP. T8.47%
JAPAN 2023 624.95%
Fund ratios*
Average securities return2.77%
Average time to maturity6.88 Years
Duration6.12 Years
Mod. Duration5.96%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 12/16/1969 and 07/30/2010
Min / Max performance
From adjusted net asset values between 12/02/1969 and 07/30/2010
Minimumin % p.a.Maximum
Currencies PKG