Certified Erste AM Funds

Certified Erste AM Funds
Certified Erste AM Funds
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Erste AM-Rating for Responsible-Fonds



Average ESG-Rating and Exclusion Rate

The categories are as follows:

A excellent

B good

C statisfactory

D inadequate, not investable

E insufficent, not investable

The Average ESG Rating of the Fund refers to all securities actually held by the fund, whereas the the Average ESG Rating of the Fund Universe denotes the average of all securities that are rated for the fund, based on the stringent sustainability criteria of Erste Asset Management.

The Exclusion Rate indicates how many securities from the respective fund universe are rate “not investable” for the respective fund. For example, a 60% exclusion ratio means that only 40% of all potential securities are investable for the fund.

Erste AM-specific ESG Rating
The Erste AM-specific ESG Rating ranges from A+ to E. It scrutinises exclusively those companies that have already been rated by the three rating agencies cooperating with Erste Asset Management. In evaluating ESG criteria, Erste AM takes a very stringent approach. Thus, only 46 % of the approx. 3,850 companies currently rated (i.e. the Erste AM Total Universe) are investable (with a rating from A+ to C). At the moment, the average rating of the Erste AM Total Universe is C. The investable universe is further restricted by exclusion criteria. Eleven companies achieve our current top rating of B+.

The Erste AM Emerging Markets ESG Rating
The rating of ERSTE RESPONSIBLE BOND EMERGING CORPORATE hinges on the analysis of the management of the respective issuer via ESG risk factors on the basis of a model adapted for emerging markets. In the process, the companies are compared on a scale of AAA to C. Companies with environmental benefits are accounted for on the basis of criteria of exclusion.
All Data (Average ESG-Rating for Funds, the Funds Universe and the Exclusion Rate) per 31.08.2017

[Alexander Osojnik]

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Legal disclaimer

This document is an advertisement. All data is sourced from ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H., Erste Asset Management GmbH and ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H., Erste Asset Management GmbH and for ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. pursuant to the provisions of the AIFMG in connection with the InvFG 2011 and regarding ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. published in Amtsblatt zur Wiener Zeitung or at the web site www.erste-am.com or www.ersteimmobilien.at .

The fund prospectus, Information for Investors pursuant to § 21 AIFMG and the key investor document/KID can be viewed in their latest versions at the web site www.erste-am.com or www.ersteimmobilien.at or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document/KID is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com or www.ersteimmobilien.at .

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.