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Fixed maturity, attractive dividends:
ESPA CORPORATE PLUS
BASKET 2017II
You are looking for an investment opportunity other than government bonds? You want to benefit from
the yields of international corporate bonds? With ESPA CORPORATE PLUS BASKET 2017 II you can seize
interesting return opportunities in a broadly diversified portfolio with investment grade and high-yield bonds.
ESPA CORPORATE PLUS BASKET 2017 II – corporate bond fund with
fixed maturity and an attractive dividend of an estimated 3.75 % p. a.*
The fund at a glance
– Fixed maturity of 5 years
– Annual dividends of an estimated 3.75 % p. a.* (based
on the first calculatory value before taxes)
– Balanced diversification in about 50 corporate bonds
in the investment grade and the high-yield segment
– Foreign exchange is hedged
– Recommended holding period: 5 years
In the current market environment corporate bonds have
offered attractive yields ever since the spreads widened.
ESPA CORPORATE PLUS BASKET 2017 II invests in a
balanced, international mix of bonds from various
sectors.
The fund is suitable for clients who are looking for an
investment in corporate bonds with an attractive yield, a
medium-term maturity, and an ongoing dividend. The
default risk is broadly diversified on the basis of the large
number of issuers in the portfolio.
The fund is redeemed at the end of maturity at EUR 100
per share certificate unless more than about 0.5% of
bonds debtors have defaulted per year*.The fund can be
sold daily prior to maturity at the current calculatory value
minus a discount of up to 2 %.
Your benefits:
– Attractive annual dividend
– Medium-term maturity
– the default risk is broadly diversified over a large
number of issuers
– diversification in various sectors
– advantage of the know-how of corporate bond
experts
This is what you should be aware of:
– The rating of the bonds may deteriorate (increase
in the high-yield portion of the portfolio)
– Bond issuers may default (default risk)
– The calculatory value of the fund may fall below
EUR 100 per share certificate during or at the
end of maturity (i.e. no capital guarantee)
– 2% discount at redemption prior to the end of
maturity
– The withholding tax burden depends on the
amount of return subject to withholding tax in the
fund’s assets, not on the dividend paid out. When
selling the fund or at maturity, a tax on price
gains will be withheld.
* Calculations based on the sample portfolio of May 2, 2012. The annual dividend is based on the initial calculatory value. The precise value of
the various fund parameters can only be set at the launch date of the fund on 1 June 2012, since they depend on the prevalent market
conditions.
Our advisors look forward to helping you.
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ESPA CORPORATE PLUS BASKET 2017 II – Characteristics and terms
Investment principles:
ESPA CORPORATE PLUS BASKET 2017 II invests in a portfolio of about 50
corporate bonds, both investment grade and high-yield. The maturity is five
years, the presumably dividend amounts to 3.75 % p.a.*.
ISIN:
AT0000A0V7E6 dividend share certificate
Subscription period**:
14 May – 31 May 2012. The fund can only be bought during the subscription
period and will then be closed.
Launch date:
1 June 2012
End of maturity:
31 May 2017
Initial calculatory value:
EUR 100 on 1 June 2012
Load:
Up to 2.5 %
Management fee:
Up to 0.6% p.a.
Redemption price (when
selling prior to end of maturity):
On the basis of the expected transaction costs we deduct a discount of up to
2 % of the calculatory value in favour of the assets under management
(protection against dilution).
Fiscal year:
1 June to 31 May
Date of dividend
distribution/withholding tax:
1 September; first one on 1 September 2013; last one at redemption
Depositary bank:
Erste Group Bank AG
Withholding tax category:
Final taxation with regard to income tax (for Austrian retail investors). The tax
treatment depends on the situation of the individual investors and the legal
status at the time of going to press
Issuer:
ERSTE-SPARINVEST KAG
* Calculation based on the sample portfolio of 2 May 2012. The dividend is based on the initial calculatory value. The precise value of the various fund
parameters can only be set at the launch date of the fund on 1 June 2012, since they depend on the prevalent market conditions.
** The share certificates will be issued until 31 May 2012 at the latest. However, the capital investment company reserves the right to suspend the issue
of the share certificates prior to that date.
The asset management company reserves the right to refrain from issuing the investment fund if
- assets under management on the basis of the subscriptions received during the subscription period are insufficient to ensure cost-efficient
management, or
- the annual payout of 3.75% p.a. (based on the initial calculatory value before taxes) is unlikely to be achieved on a sustainable basis due to
the market environment prevalent at the launch date of the fund.
This is an advertisement. Unless specified otherwise, data source: ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. Our languages of
communication are German and English. The latest versions of the Full Prospectus, Simplified Prospectus or Key Investor Document (and any changes
thereto) have been published in the “Amtsblatt der Wiener Zeitung”, in accordance with the provisions of the Investmentfondsgesetz 2011 [Austrian
Investment Funds Act]. Copies are available free of charge to interested parties at the registered offices of the respective issuer and
respective depositary bank. The most recent date of publication of the Simplified Prospectus in different languages or - if applicable - of the Key Investor
Document and details of any other collection offices are published on the website of the respective issuer namely 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. This is not a personal recommendation. It should be noted that past performance is not a reliable indicator of the future performance of a fund.
Please note that investing in securities apart from the described advantages also involves risks. Share value and gain could rise as well as decrease.
Exchange rates might affect positively or negatively to stock prices. It’s possible that you get less than your invested amount when you refund your
shares. If you are interested in acquisition of shares in a fund please read carefully our Full Prospectus (in particular the risk warnings) before you
invest. Concerning limited distribution of funds to American citizenship please refer to the note in the Prospectus. Printing and other errors reserved.
Data as per May 2012
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