EAM Funds carrying the

Novethic SRI Label 2013

 

The Novethic SRI Label is awarded to Socially Responsible Investment (SRI) funds that demonstrate a systematic integration of Environment, Social and Governance (ESG) considerations in fund management. The label provides investors with a guarantee of transparency and of the traceability of their investments.

It is based on four criteria:

• Environment, Social and Governance (ESG) assessment of at least 90% of the portfolio

• a transparent SRI selection process

• regular information on the SRI qualities of investments

• full publication of the portfolio’s composition

 

 Further information on www.novethic.com

EAM Rating for Fonds with the Novethic SRI Label 2013

 

 

Average ESG-Rating and Exclusion Rate

 

The Average ESG Rating of the Fund refers to all securities actually held by the fund, whereas 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.

 

EAM-specific ESG Rating

 

The EAM-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, EAM takes a very stringent approach. Thus, only 42%

of the approx. 3,000 companies currently rated (i.e. the EAM Total Universe) are investable (with a rating from A+ to C–). At the moment, the

average rating of the EAM Total Universe is D+. The investable universe is further restricted by exclusion criteria. Only very few companies

achieve our current top rating of B+.

 

A    excellent

B    good

C    satisfactory

D    inadequate, not investable

E    insufficent, not investable

 

All Data (Average ESG-Rating for Funds, the Funds Universe and the Exclusion Rate) per 31.07.2014.

 

This document is an advertisement. All data is sourced from ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H., Erste Asset Management GmbH,

and RINGTURM 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 RINGTURM Kapitalanlagegesellschaft

m.b.H. pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

 

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 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 is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com.

 

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.

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