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 the acquiring sub-fund, and participants of the Santander European Bond sub-fund will be allocated units of the Santander Corporate Bond sub-fund.

Since that day, Santander European Bond sub-fund will no longer be available in the offer of Santander TFI.

Rate of returnUnit value
Sub-fund nameUnit value 17.09.2020Unit value 17.09.2021Value change
Santander European Bond
Unit value 17.09.2020
84,25 PLN
Unit value 17.09.2021
86,25 PLN
Value change
2,37%
84,25 PLN86,25 PLN2,37%
17.09.2021
Current value17.09.202186,25PLN
Previous value 16.09.202186,30 PLN
1M-0,36%
3M+0,33%
6M+0,51%
12M+2,37%
36M+7,61%
60M+6,59%
120M+22,29%
YTD+0,15%

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 investing on European government and corporate debt market.
Risk level
1234567
Medium risk - mainly related to credit risk, liquidity risk and the volatility of 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 launch18.08.2003
BenchmarkICE BofA 1-10 Year Euro Broad Market Index (EMU5) 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

  • universal debt the sub-fund that invests no less than 75% of assets in debt securities and money market instruments denominated in EUR and issued by state governments and in corporate bonds, with FX risk hedged versus Polish zloty,

  • the sub-fund assets are invested in debt securities, mainly with a mid-term and long-term maturity period,

  • duration ratio should be between 2 and 8,

  • max. 10% of the value of assets can be invested in debt securities and money market instruments issued by enterprises not having at the purchase date an investment rating,

  • the intention of the manager is that the share of bonds issued by enterprises should not exceed 75% of the value of assets,

  • 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.

Sub-fund manager

Michał Hołda

Michał Hołda

Graduate of the Warsaw School of Economics, Department of Finance and Banking. Licensed 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

54%Government bonds
29%Corporate bonds
12%Cash and deposits
5%Covered bond

Geographic allocation

52%Poland
16%Other
15%Germany
7%Hungary
6%Romania
4%Netherlands
17.09.2021
Current value17.09.202186,25PLN
Previous value 16.09.202186,30 PLN
1M-0,36%
3M+0,33%
6M+0,51%
12M+2,37%
36M+7,61%
60M+6,59%
120M+22,29%
YTD+0,15%

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 investing on European government and corporate debt market.
Risk level
1234567
Medium risk - mainly related to credit risk, liquidity risk and the volatility of 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.