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ESPA CASH CORPORATE-PLUSNear money market fund in short-dated corporate bondsStatus at 07/30/2010
Investment featuresThe fund invests globally in corporate bonds with a short time to maturity.
With these investments, the foreign currency (USD) is permanently and fully hedged. Stable increase in value throughout the investments short time to maturity (rating Aaa to Baa3) with low price volatility.
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
Dividend01.06.
Base currencyEUR
Fund volume180,017,959.07
Fund accounting year01.03. to 28.02.
Day of first issue07/08/2002
Sales authorisationAT,HU,SK
Management fee0.32 % p.a.
Recommended holding periodI
Investor experienceC - D
Investor risk tolerance4
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000676838 EUR89.520.75%
T.AT0000676846 EUR112.970.75%
T.C.AT0000676853 EUR112.970.75%
VT.AT0000A00GL9 EUR117.700.75%
VT.AT0000A00G96 HUF33,344.080.75%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
HUF9.366.62  4.662.98
EUR2.972.562.60 0.772.45
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 2.00 2.76 2.52 -0.94 7.35
Statistical data according to OeKB (3 years)
Sharpe ratio0.03
Volatility (in %)2.00
Benefits for investorBroad diversification in selected, predominantly floating, corporate bonds with medium to good credit rating.
Suitable for short- to medium-term investment horizon.
Attractive annual payouts.
Medium to low price fluctuations possible.
No influence from exchange rates due to currency hedging.


Please note- Prices of corporate bonds are affected by financial results as well as the credit risk
- The rating of governments bond can be subjected to changes
- Recommended holding period is at least 1-3 years
Top positions
SecurityShare of fund assets
ESPA CASH EURO T7.50%
5,95% DT. POST 01/112.40%
TELEFONICA EM. 06/11 MTN2.29%
4,25% WESTPAC BKG 07/121.76%
BANK AMERI. 03/10 MTN1.73%
Fund ratios*
Average securities return1.80%
Average time to maturity0.98 Year
Duration0.38 Year
Mod. Duration0.35%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 07/08/2002 and 07/30/2010
Min / Max performance
From adjusted net asset values between 07/08/2002 and 07/30/2010
Minimumin % p.a.Maximum
Securitytypes