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ESPA BOND EURO-RENTEuro bonds, predominantly government bondsStatus at 08/31/2010
Investment featuresAttainment of regular income equalling the average market yield from Eurozone bonds.
The goal of ESPA BOND EURO-RENT is to achieve an ongoing return equal to the average market yield of Euroland bonds. The fund invests mainly in government bonds denominated in euro that are issued or guaranteed by issuers from Europe and in debentures denominated in euro and issued by credit institutions headquartered in Europe.
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
Dividend15.01.
Base currencyEUR
Fund volume730,472,405.15
Fund accounting year15.10. to 14.10.
Day of first issue01/15/1986
Sales authorisationAT,HU
Management fee0.40 % p.a.
Recommended holding periodII
Investor experienceA - B
Investor risk tolerance3
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000858519 EUR83.582.50%
T.AT0000812854 EUR125.332.50%
T.C.AT0000950811 EUR125.332.50%
VT.AT0000673272 EUR133.712.50%
VT.AT0000639430 CZK3,319.622.50%
VT.AT0000A09GV9 HUF37,969.632.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
CZK3.162.420.03 -1.050.23
EUR5.466.153.605.185.036.23
HUF10.32   9.3517.59
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 4.71 -0.73 1.63 8.98 3.57
Statistical data according to OeKB (3 years)
Sharpe ratio0.99
Volatility (in %)3.77
Benefits for investorHigh level of security from bonds with a good credit rating on average.
Long-term high return equalling the secondary market yield (euro government bonds).
Attractive annual payouts approx. in the amount of euro government bond yields.
Price gains are possible if interest rates are falling.
Please noteRising interest rates may lead to short-term falls in prices
The rating of government bonds can change over time
Recommended length of holding at least 3-5 years
Top positions
SecurityShare of fund assets
BUNDESOBL.V.09/14 S.1544.67%
B.T.P. 10-124.62%
ESPA BD GLOBAL-ALP.T4.03%
BUND SCHATZANW. 10/123.79%
REP. FSE 10-12 B.T.A.N.3.42%
Fund ratios*
Average securities return2.92%
Average time to maturity8.73 Years
Duration6.95 Years
Mod. Duration6.75%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 01/15/1986 and 08/31/2010
Min / Max performance
From adjusted net asset values between 01/15/1986 and 08/31/2010
Minimumin % p.a.Maximum
Countries