Merger of sub-funds

According to the announcement of 23 August 2021 , Santander European Bond sub-fund will be merged with Santander Corporate Bond sub-fund

On the day of the merger of the sub-funds, i.e. October 22, 2021, the assets of the acquired sub-fund will be transferred to Santander Corporate Bond sub-fund, and the participants of Santander European Bond sub-fund will be allocated units of Santander Corporate Bond sub-fund.

 

Alfa 2017 - distinctions in the category of Polish corporate papers

Rate of returnUnit value
Sub-fund nameUnit value 17.09.2020Unit value 17.09.2021Value change
Santander Corporate Bond
Unit value 17.09.2020
64,91 PLN
Unit value 17.09.2021
67,10 PLN
Value change
3,37%
64,91 PLN67,10 PLN3,37%
17.09.2021
Current value17.09.202167,10PLN
Previous value 16.09.202167,11 PLN
1M+0,07%
3M+0,57%
6M+0,98%
12M+3,37%
36M+6,34%
60M+11,09%
YTD+1,19%

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) hedged to Polish zloty + 20% ICE BofA Euro High Yield Index (HE00) hedged to Polish zloty
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 30% 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

70%Corporate bonds
20%Government bonds
9%Corporate bond funds
1%Other

Geographic allocation

52%Poland
25%Other
9%Netherlands
7%European region (investment funds)
4%France
3%Hungary
17.09.2021
Current value17.09.202167,10PLN
Previous value 16.09.202167,11 PLN
1M+0,07%
3M+0,57%
6M+0,98%
12M+3,37%
36M+6,34%
60M+11,09%
YTD+1,19%

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.

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,information on fees related to participation in sub-fund and key investor information document can be found in the prospectuses and tables of fees available in Polish on Santander.pl/TFI/documents and from the distributors of Santander FIO. A summary of investors’ rights can be found in the prospectus (Chapter III, point 4).

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.