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ESPA BOND DOLLARBonds in dollar currencies without currency hedgingStatus at 07/30/2010
Investment featuresThe ESPA BOND DOLLAR fund invests in government securities (US Treasuries) and Eurobonds in USD (approximately 90%).
ESPA BOND DOLLAR invests mainly in US government/Treasury bonds and Eurobonds denominated in US dollar. Bonds denominated in Canadian and Australian dollar may also be blended in. The fund attaches great importance to a good rating. Due to its exposure to foreign currencies, a substantial part of the price fluctuations of the fund may be derived from foreign exchange fluctuations.
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
Dividend15.12.
Base currencyEUR
Fund volume66,204,332.54
Fund accounting year31.10. to 30.10.
Day of first issue03/10/1989
Sales authorisationAT,HU,RO,SK
Management fee0.60 % p.a.
Recommended holding periodIII
Investor experienceC - D
Investor risk tolerance4
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000858360 EUR50.623.50%
A.AT0000982723 USD66.233.50%
T.AT0000812961 EUR88.243.50%
T.AT0000817523 USD115.463.50%
T.C.AT0000858378 EUR88.243.50%
VT.AT0000605324 USD119.963.50%
VT.AT0000673207 EUR91.683.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR14.607.933.151.7215.945.08
USD6.646.364.825.305.315.21
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 17.51 -6.71 -3.43 15.96 -5.37
Statistical data according to OeKB (3 years)
Sharpe ratio0.44
Volatility (in %)12.42
Benefits for investorInvestment in US bonds with an excellent rating
Net profits can be made when interest rates are falling
A rising dollar will have a positive affect on fund growth
Alternative to dollar bonds
Please noteInvestments in foreign currency only.
A decline in the dollar's value will have a negative impact on the fund's performance.
Rising interest rates may lead to short-term falls in price.
Recommended length of holding at least 5 years.
Top positions
SecurityShare of fund assets
US TREASURY 201512.88%
US TREASURY 20198.53%
US TREASURY 20367.48%
US TREASURY 20177.14%
DEPFA ACS BK 07/10 MTN6.01%
Fund ratios*
Average securities return2.65%
Average time to maturity6.35 Years
Duration5.15 Years
Mod. Duration5.01%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 03/13/1989 and 07/30/2010
Min / Max performance
From adjusted net asset values between 03/10/1989 and 07/30/2010
Minimumin % p.a.Maximum
Securitytypes