Alfa 2017 - distinctions in the category of Polish corporate papers

Rate of returnUnit value
Sub-fund nameUnit value 09.04.2020Unit value 13.04.2021Value change
Santander Corporate Bond
Unit value 09.04.2020
61,44 PLN
Unit value 13.04.2021
66,71 PLN
Value change
8,58%
61,44 PLN66,71 PLN8,58%
13.04.2021
Current value13.04.202166,71PLN
Previous value 12.04.202166,72 PLN

Profit and risk rates

Potential return
1234567
The sub-fund is dedicated to investors who expect appreciation of their investments value in mid-term (minimum 3 years) due to investments on Polish and foreign corporate bond markets.
Risk level
1234567
Medium risk - associated mainly with the credit risk, liquidity risk and changes in the market interest rates. In times of crises caused by various factors, liquidity and credit risk increase significantly and can contribute to significant losses for the investor. A full description of the sub-fund’s risks can be found in the prospectus and, in abbreviated form, in the KIID.

Sub-fund overview

Sub-fund launch10.02.2012
Benchmark60% WIBID3M + 20% ICE BofA Euro Corporate Index (ER00) zabezpieczony do złotego + 20% ICE BofA Euro High Yield Index (HE00) zabezpieczony do złotego
Recommended investment horizonmin. 3 years
Subfund categoryDebt
Managing companySantander TFI S.A.
Minimum initial investment1 000,00 PLN
Minimum subsequent investment100,00 PLN

Summary of the investment policy

  • debt (corporate bonds) sub-fund which focuses on investments in debt securities issued by corporations and local authorities,
  • the sub-fund may make unlimited investments in debt securities issued by the Republic of Poland (State Treasury) or other states,
  • the share of bonds without an investment rating should not exceed 50% of assets,
  • duration ratio should not exceed 5,
  • the sub-fund invests mainly in money market securities and instruments denominated in PLN or in foreign currencies, while hedging the FX risk,
  • the sub-fund is actively managed: its portfolio doesn’t reflect portfolio of the benchmark and its performance may be significantly different from performance of the benchmark.

Sub-fund manager

Paweł Pisarczyk

Paweł Pisarczyk

Graduate of the Management Department of the University of Economics in Cracow; Major: modelling and forecasting business processes. Licensed stock broker and investment advisor.

Overview of the investment process

In Santander TFI, the investment process relies on the competence of the Investment Committee and of the individual sub-fund managers. The Investment Committee composed of all managers approves financial instruments for inclusion in the sub-fund portfolios and makes strategic decisions regarding portfolios under management. Sub-fund managers decide about target shares of individual instruments in the portfolios.

Allocation of assets

71%Corporate bonds
20%Government bonds
9%Participation units of debt funds

Geographic allocation

52%Poland
26%Other
8%Netherlands
7%region of Europe (investment funds)
4%France
3%Spain
13.04.2021
Current value13.04.202166,71PLN
Previous value 12.04.202166,72 PLN

Profit and risk rates

Potential return
1234567
The sub-fund is dedicated to investors who expect appreciation of their investments value in mid-term (minimum 3 years) due to investments on Polish and foreign corporate bond markets.
Risk level
1234567
Medium risk - associated mainly with the credit risk, liquidity risk and changes in the market interest rates. In times of crises caused by various factors, liquidity and credit risk increase significantly and can contribute to significant losses for the investor. A full description of the sub-fund’s risks can be found in the prospectus and, in abbreviated form, in the KIID.

Sub-fund's portfolio as at 2021-02-26.

The presented data concerning the value of the sub-fund’s participation units and changes in the participation unit value over time are historical data and similar performance in the future cannot be guaranteed. The performance figures are not adjusted for the potential tax imposed on the Participant and the charges payable upon the sale or repurchase of participation units by the sub-fund.

The sub-fund’s financial data, description of risk factors and information on fees related to participation in sub-fund can be found in the prospectuses and tables of fees available in Polish on Santander.pl/TFI and from the distributors of Santander FIO. The sub-fund cannot guarantee achievement of the investment objective or of the expected return on investment. Prior to making an investment decision, the Participant should review the fees charged by the sub-fund and take into account the potential tax imposed on the gains. The Participant should take into consideration the possibility of losing at least some of the invested capital.

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.