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Alfa 2021 - distinction in Balanced Funds category. Alfa 2015 - distinction in Balanced Funds category. |
| Sub-fund name | Unit value 30.03.2022 | Unit value 30.03.2023 | Value change | |
|---|---|---|---|---|
Santander Balanced Unit value 30.03.2022 32,26 PLN Unit value 30.03.2023 31,16 PLN Value change -3,41% | 32,26 PLN | 31,16 PLN | -3,41% | |
| Previous value 29.03.2023 | 30,86 PLN |
| 1M | +1,50% |
| 3M | +7,37% |
| 6M | +16,40% |
| 12M | -3,41% |
| 36M | +25,24% |
| 60M | +0,84% |
| 120M | +13,06% |
| YTD | +7,37% |
Sub-fund overview
| Sub-fund launch | 02.04.1998 |
| Benchmark | 30% WIG (WIG) + 25% MSCI World Net Total Return USD (M1WO) converted to PLN + 20% ICE BofA Poland Government Index (G0PL) + 10% ICE BofA Global Government Index (W0G1) hedged to PLN + 15% ICE BofA Euro Corporate Index (ER00) hedged to PLN. |
| Recommended investment horizon | min. 4 years |
| Subfund category | Mixed |
| Managing company | Santander TFI S.A. |
| Minimum initial investment | 100,00 PLN |
| Minimum subsequent investment | 100,00 PLN |
Summary of the investment policy
mixed sub-fund; main investment categories include equity shares and debt securities and money market instruments (debt securities and money market instruments issued by state governments, local authorities and corporations),
the manager intends to maintain the share of equity instruments between 45% and 65% of assets,
the share of corporate bonds other than underwritten or guaranteed by the state may amount up to 20% of assets,
the share of bonds without an investment rating may amount up to 15% of assets,
duration ratio of debt part should not exceed 8,
the sub-fund is actively managed: its portfolio nor performance may not reflect portfolio of the benchmark and its performance may be significantly different from performance of the benchmark. The sub-fund may invest in securities off the benchmark.
Overview of the investment process
At Santander TFI, the investment process relies on the competences of the Investment Committee as well as the individual sub-fund managers. The Investment Committee, which includes all managers, makes decisions on, among other things, hedging currency positions and the use of other derivatives. It can also make decisions on strategic and geographic allocation. Sub-fund managers, on the other hand, make individual investment decisions regarding the target holdings of individual financial instruments in the portfolio.
Allocation of assets
| 47% | Equities |
| 33% | Bonds issued and guaranteed by the government |
| 11% | Corporate bonds |
| 5% | Corporate bond funds |
| 4% | Other |
Geographic allocation
| 58% | Poland |
| 17% | United States |
| 11% | Other |
| 5% | Germany |
| 5% | European region (investment funds) |
| 4% | Netherlands |
Documents to download
| Previous value 29.03.2023 | 30,86 PLN |
| 1M | +1,50% |
| 3M | +7,37% |
| 6M | +16,40% |
| 12M | -3,41% |
| 36M | +25,24% |
| 60M | +0,84% |
| 120M | +13,06% |
| YTD | +7,37% |
Documents to download
Sustainability-related disclosures
No consideration of adverse impacts of investment decisions on sustainability factors.
The Subfund does not consider principal adverse impacts of investment decisions on sustainability factors. This is dictated by the existing, noticeable at the moment, lack of sufficient disclosure data of portfolio companies as well as by the still undeveloped market practice in the area of principal adverse impacts. Santander TFI plans to consider adverse impacts of investments decisions on sustainability factors for a higher number of products - Santander TFI’s strategy in this respect adequately takes into account its size, nature and scale of activity, as well as the types of offered financial products.
This document is presented for marketing purposes and does not constitute an agreement or an information document required by law.
It should not be relied upon as the sole basis for making investment decisions.
The rewards of investing in shares are also accompanied by risks. A description of the risk factors, financial data and information about fees and charges can be found in the prospectuses, key information documents (KIDs) and schedules of fees and charges available in Polish at Santander.pl/TFI/documents and at Santander fund distributors. For a summary of investors' rights, see the prospectus (Chapter III, sec. 4).
The Funds do not guarantee the achievement of a stated investment objective or a specific investment performance and future returns are subject to taxation, which depends on the personal situation of each investor and which may change over time. Before making an investment decision, the participant should consider the fees associated with the sub-fund and take into account the possible taxation of the investment return. The participant must also take into account the possibility of losing at least part of the invested funds.
When investing in mutual funds, the participant purchases the units of those funds and not the underlying assets that the fund itself invests in.
The sub-fund’s net asset value may be exposed to considerable volatility due to the composition of the investment portfolio. The sub-fund can invest more than 35% of its assets in securities issued, guaranteed or underwritten by the State Treasury or the National Bank of Poland.
The information presented above is solely promotional in nature.
On March 11, 2022, Santander Balanced, as a result of the merger, took over Santander Platinum Dynamic. On that day, we included the assets of the acquired sub-fund in the assets of the acquiring sub-fund.
This chart shows the sub-fund’s performance as the percentage loss or gain per year over the last 10 years. (unit A,%)
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the sub-fund has been managed in the past.
Performance is shown net of all fees charged on the sub-fund's assets including management fee and performance fee. The performance figures are not adjusted for the potential tax imposed on the Investor and the charges payable upon the sale or repurchase of participation units. The sub-fund was established in 1998. The results were accrued in Polish currency.
Sub-fund manager
Adam Nowakowski, CFA
Managing the equity part of the portfolio
Graduate of the Poznań University of Economics, Department of Marketing and Management; Majors: capital investments and corporate finance strategies. Licensed stock broker and investment advisor, holder of the prestigious Chartered Financial Analyst (CF) designation.
Bartosz Dębowski, CFA
Managing the equity part of the portfolio
Graduate of the Łódź University, Department of Finance and Banking; Major: capital investments. Licensed investment advisor and holder of the prestigious Chartered Financial Analyst (CFA) designation.
Michał Hołda
Managing the debt part of the portfolio
Graduate of the Warsaw School of Economics, Department of Finance and Banking. Licensed investment advisor.
Paweł Pisarczyk
Managing the debt part of the portfolio
Graduate of the Management Department of the University of Economics in Cracow; Major: modelling and forecasting business processes. Licensed stock broker and investment advisor.