Fact sheetto the printable page
  instruction
ESPA PIF TOPBalanced funds, approximately two thirds in equitiesStatus at 07/30/2010
Investment featuresLong-term asset growth through investment in equities and bonds. Earnings have to be reinvested
About one third of ESPA PIF TOP fund assets is invested in top-rated bonds, with about two thirds going into international equities. The fund pursues the objective of long-term asset growth through investment in bonds and equities. Foreign currencies are not hedged. It is only available to subscribers as a reinvestment fund.
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
Base currencyEUR
Fund volume5,023,744.10
Fund accounting year01.01. to 31.12.
Day of first issue05/04/1998
Sales authorisationAT
Management fee0.96 % p.a.
Recommended holding periodIII
Investor experienceA - B
Investor risk tolerance6
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
T.AT0000801303 EUR6.443.50%
T.C.AT0000801378 EUR6.443.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR6.78-6.70-1.88-1.342.21-0.89
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 19.28 2.09 -3.06 -29.30 17.71
Statistical data according to OeKB (3 years)
Sharpe ratio-0.73
Volatility (in %)12.67
Benefits for investorIdeal form of investment for private pension provision
Investment in international bonds and equities
Outstanding performance prospects
Optimum risk diversification with low capital outlay
Please noteNumerous legal regulations
Equity prices can sometimes fluctuate sharply
Rising interest rates may lead to short-term falls in the bond prices
Foreign currency fluctuations can affect the fund
Payments only in the form of a pension
Recommended length of holding at least 5 years
Top positions
SecurityShare of fund assets
BUNDANL.V. 05/154.05%
NEDERLD 03-133.69%
B.T.P. 09-203.13%
REP. FSE 05-21 O.A.T.2.77%
BUNDANL.V. 05/372.46%
Performance
Performance (incl. distribution of dividends) between 05/04/1998 and 07/30/2010
Min / Max performance
From adjusted net asset values between 05/04/1998 and 07/30/2010
Minimumin % p.a.Maximum