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ESPA BOND BRIK CORPORATEEmerging markets - corporate bonds, foreign currency, predominantly secured against the EUROStatus at 07/30/2010
Investment features
ESPA BOND BRIK CORPORATE invests in corporate bonds from developing countries (emerging markets), with investments being made predominantly in Brazil, Russia, India and Kazakhstan (BRIK), and also in attractive bonds issued by companies in other countries. The selected assets benefit from high commodity prices and dynamic economic growth, originating for the most part from the oil production, mining, banking, infrastructure, telecommunications and transport sectors. The proportion of foreign exchange can add up to 10%.
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 volume79,533,165.75
Fund accounting year01.07. to 30.06.
Day of first issue07/02/2007
Sales authorisationAT,DE,SI
Management fee0.96 % p.a.
Recommended holding periodIII
Investor experienceC - D
Investor risk tolerance6
Contactansprechpartner@sparinvest.com
Share certificates
TypeISINCurrencyNet asset valueInitial charge
A.AT0000A05HQ5 EUR104.643.50%
T.AT0000A05HR3 EUR118.363.50%
T.C.AT0000A05HT9 EUR118.363.50%
VT.AT0000A05HS1 EUR118.363.50%
Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 07/30/2010)
Currency1 Year3 Years5 Years10 YearsBeginning of
the year *		Inception
EUR22.957.53  9.526.75
* absolute
Annual performance (in %, in fund base currency)
Year200720082009
Performance   -1.42 -28.60 58.65
Benefits for investorOpportunities for excess returns from the most attractive emerging market corporate bonds.
Global diversification in promising markets.
Foreign currencies predominantly hedged into the EURO.
Risk diversification by means of a large number of bonds from a wide range of issuers.
Please noteIncreased risk due to medium to low debtor rating.
Significant price fluctuations possible.
Recommended length of holding at least 5 years.
Top positions
SecurityShare of fund assets
TNK-BP FINANCE 10/15 REGS4.11%
RBS (DEUT.) 03/13REGS LPC3.95%
PETROBAS I. F. 03/182.37%
GAZPROM INTL 04/20 REGS2.28%
UBS (LUXEMB.) 06/16 REGS2.13%
Fund ratios*
Average securities return6.71%
Average time to maturity10.17 Years
Duration5.51 Years
Mod. Duration5.17%
* Explanation of financial terms
Performance
Performance (incl. distribution of dividends) between 07/02/2007 and 07/30/2010
Securitytypes