ERSTE RESERVE CORPORATE EUR R01 (VTA)/  AT0000A00GL9  /

The ESPA Reserve Corporate fund invests globally in short-term or variable-rate corporate bonds. The issues are mainly in euros. If foreign currency bonds are included, the exchange rate risk is permanently and completely hedged. Due to the short residual maturities and the good credit rating of the bonds (predominantly with a rating between Aaa and Baa3), the fund offers an attractive return with comparatively low price volatility. The portfolio is broadly diversified, with more than 100 individual securities in the fund.