ERSTE RESPONSIBLE BOND EM LOCAL T EUR R01/  AT0000A0AUG5  /

The ESPA BOND LOCAL EMERGING fund invests primarily in government bonds denominated in local currencies from emerging markets. Geographically, the focus is on countries in Central and Eastern Europe, Asia, Latin America, the Middle East, and Africa. In addition, the fund may also invest in corporate bonds of issuers from the respective countries. A majority of these bonds are rated "A" to "B". Currency risks are not hedged.