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ESPA BEST OF WORLDGlobal equities fund of fundsStatus at 07/30/2010
Investment features
ESPA BEST OF WORLD is a global equity fund of funds investing in globally oriented equity funds of renowned investment companies. In the selection process we consider funds with growth and value strategies (i.e. securities that are expected to exhibit above-average growth rates vs. shares that are regarded as undervalued according to various key ratios) as well as blended funds (i.e. a combination of growth and value). The fund is suitable for investors with a long-term net asset value growth strategy. Foreign currencies are not hedged.
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
Dividend01.07.
Base currencyEUR
Fund volume74,510,018.14
Fund accounting year01.04. to 31.03.
Day of first issue05/21/2001
Sales authorisationAT,DE
Management fee1.20 % p.a.
Recommended holding periodIII
Investor experienceD - E
Investor risk tolerance8
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000707674 EUR64.044.00%
T.AT0000707682 EUR72.824.00%
T.C.AT0000707690 EUR72.824.00%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR17.93-10.36-1.58 6.87-3.22
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 28.82 9.14 4.93 -46.49 28.58
Statistical data according to OeKB (3 years)
Sharpe ratio-0.62
Volatility (in %)20.83
Benefits for investorInvestment in the best international domestic and foreign security funds
Broad diversification
Opportunities for long-term high returns
Tax treatment of a domestic fund of funds
Please noteEquity fund prices in a fund of funds can fluctuate considerably
Foreign currency fluctuations can have a direct effect on the fund's performance
Recommended investment horizon at least 5 years (depending on market performance)
Top positions
SecurityShare of fund assets
DWS TOP DIVIDENDE19.20%
BNY MGF-L.-T.G.E.C DL DIS17.83%
KEPPLER LINGOHR GLOB.EQ.13.58%
FIRST PRIV.AKT.GLOBAL C12.09%
ACAT.AKT.GL.FDS UI C INS.11.98%
Performance
Performance (incl. distribution of dividends) between 05/21/2001 and 07/30/2010
Min / Max performance
From adjusted net asset values between 05/21/2001 and 07/30/2010
Minimumin % p.a.Maximum
Subfunds