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ESPA BOND EURO-TRENDEU government bondsStatus at 08/31/2010
Investment featuresThe ESPA BOND EURO-TREND invests exclusively in euro government bonds. With the aid of a trend tracking model using several indicators, the aim is to try and achieve a higher return than the benchmark (Salomon Smith Barney Euro Governments).
ESPA BOND EURO-TREND invests exclusively in euro government bonds. The duration is managed on a purely quantitative basis with the help of a trend-following model that draws on short, medium, and long-term indicators. The fund aims at consistently outperforming the benchmark “Citigroup European Government Bond Index” in the medium term.
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
Dividend01.12.
Base currencyEUR
Fund volume477,714,912.98
Fund accounting year01.09. to 31.08.
Day of first issue02/02/2004
Sales authorisationAT,DE,IT
Management fee0.60 % p.a.
Recommended holding periodII
Investor experienceA - B
Investor risk tolerance3
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000631916 EUR115.782.50%
T.AT0000631924 EUR132.812.50%
T.C.AT0000495601 EUR132.812.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR7.776.814.13 7.175.02
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 5.39 -0.86 1.16 10.20 3.40
Statistical data according to OeKB (3 years)
Sharpe ratio1.10
Volatility (in %)4.01
Benefits for investorHigh level of security from bonds with a good credit rating on average.
Return equalling the secondary market yield (euro government bonds).
Management of duration using several technical indicators which allow trend reversals to be promptly identified.
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
B.T.P. 10-125.48%
BUND SCHATZANW. 10/124.82%
BUNDESOBL.V.09/14 S.1544.67%
REP. FSE 10-12 B.T.A.N.4.39%
B.T.P. 2019 01.023.09%
Fund ratios*
Average securities return2.89%
Average time to maturity8.40 Years
Duration8.54 Years
Mod. Duration8.33%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 02/02/2004 and 08/31/2010
Min / Max performance
From adjusted net asset values between 02/02/2004 and 08/31/2010
Minimumin % p.a.Maximum
Countries