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ESPA BOND DOLLAR-CORPORATEDollar corporate bonds, not currency-hedgedStatus at 08/31/2010
Investment featuresThis fund invests in corporate bonds with an average to excellent rating.
ESPA BOND DOLLAR-CORPORATE invests in corporate bonds of top to medium quality. The bonds in the fund belong to the investment grade segment (Aaa to Baa3). The portfolio is broadly diversified, and it contains more than 150 different securities. The denomination is in dollar.
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
Dividend01.10.
Base currencyEUR
Fund volume40,582,669.73
Fund accounting year01.08. to 31.07.
Day of first issue01/15/2001
Sales authorisationAT,DE,HU
Management fee0.72 % p.a.
Recommended holding periodIII
Investor experienceC - D
Investor risk tolerance4
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000721543 USD97.883.50%
A.AT0000724257 EUR77.153.50%
T.AT0000721535 USD143.633.50%
T.AT0000724265 EUR113.213.50%
T.C.AT0000724281 EUR113.213.50%
VT.AT0000605332 USD151.893.50%
VT.AT0000658950 EUR119.723.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
USD11.407.235.13 8.545.02
EUR26.239.884.32 23.242.46
* absolute
Annual performance (in %, in fund base currency)
Year20052006200720082009
Performance 15.78 -5.92 -7.18 0.32 12.89
Statistical data according to OeKB (3 years)
Sharpe ratio0.67
Volatility (in %)11.14
Benefits for investorBroad diversification in selected US corporate bonds with medium to good credit ratings.
Opportunities for an attractive long-term return.
Price gains possible if interest rates are falling.
A rising dollar will have a positive effect on the fund's performance.
Please noteInvestments in foreign currency only.
A decline in the dollar's value will have a negative impact on the fund's performance.
Rising interest rates may lead to short-term falls in price.
Recommended length of holding at least 5 years.
Top positions
SecurityShare of fund assets
GENL EL.CAP. 02/32 MTN1.68%
GOLDMAN SACHS GRP 03/131.56%
RABOBK NEDERLD 10/13 MTN1.52%
FRANCE TELECOM 20191.46%
KEYCORP 2015 MTN1.28%
Fund ratios*
Average securities return4.28%
Average time to maturity8.97 Years
Duration6.40 Years
Mod. Duration6.14%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 01/15/2001 and 08/31/2010
Min / Max performance
From adjusted net asset values between 01/15/2001 and 08/31/2010
Minimumin % p.a.Maximum
Securitytypes