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ESPA BEST OF JAPANInvestment in the most lucrative Japanese equity fundsStatus at 08/31/2010
Investment featuresLong-term value growth
The ESPA BEST OF JAPAN fund is the best way to combine the most lucrative Japanese equity funds with the benefits of Austrian tax law. When the Japanese equity funds are selected, the performance of growth and value equities is assessed in order to compile an optimum portfolio. No one fund is weighted with more than 20%. This fund is an excellent building block for those investors who want to overweight Japan in their portfolio and who are banking on long-term asset growth. 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
Dividend01.08.
Base currencyEUR
Fund volume8,321,673.50
Fund accounting year01.05. to 30.04.
Day of first issue08/06/2001
Sales authorisationAT
Management fee1.20 % p.a.
Recommended holding periodIII
Investor experienceD - E
Investor risk tolerance8
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000703392 EUR62.654.00%
T.AT0000703400 EUR66.174.00%
T.C.AT0000703418 EUR66.174.00%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR4.18-7.60-4.03 8.15-4.36
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 41.24 -9.48 -16.82 -23.97 6.11
Statistical data according to OeKB (3 years)
Sharpe ratio-0.60
Volatility (in %)16.56
Benefits for investorInvestment in the most lucrative funds for the Japanese equities market
Broad diversification by including different investment styles (value, growth, etc.)
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
Fluctuations in the yen 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
FID.FDS-JAP.ADVANT. A YN18.68%
DB PL.IV-CROC.JP I1C INH.17.00%
FISCH U.-FIS.-JAPAN B12.31%
OYSTER-JAPAN OPPORTUNI.YN9.78%
JB MULTISTK-JAPAN ST.IN.C9.12%
Performance
Performance (incl. distribution of dividends) between 08/06/2001 and 08/31/2010
Min / Max performance
From adjusted net asset values between 08/06/2001 and 08/31/2010
Minimumin % p.a.Maximum