| Sub-fund name | Unit value 05.10.2021 | Unit value 05.10.2022 | Value change | |
|---|---|---|---|---|
Santander Government Bond Unit value 05.10.2021 23,43 PLN Unit value 05.10.2022 20,09 PLN Value change -14,26% | 23,43 PLN | 20,09 PLN | -14,26% | |
| Previous value 04.10.2022 | 20,18 PLN |
| 1M | -2,29% |
| 3M | +1,88% |
| 6M | -2,66% |
| 12M | -14,26% |
| 36M | -11,22% |
| 60M | -5,68% |
| 120M | +8,83% |
| YTD | -6,86% |
Sub-fund overview
| Sub-fund launch | 20.08.2002 |
| Benchmark | ICE BofA Poland Government Index (G0PL) |
| Recommended investment horizon | min. 2 years |
| Subfund category | Debt |
| Managing company | Santander TFI S.A. |
| Minimum initial investment | 100,00 PLN |
| Minimum subsequent investment | 100,00 PLN |
Summary of the investment policy
the sub-fund is debt (government bond) sub-fund for and invests in debt securities issued, underwritten or guaranteed by the Treasury or EU Member States, the share of other deposits should not exceed 20% of assets,
the share of corporate bonds other than underwritten or guaranteed by the states should not exceed 20% of assets,
the share of bonds without investment rating should not exceed 10% of assets,
duration ratio should be between 2 and 8,
the sub-fund invests mainly in debt securities and 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 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.
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
| 100% | Government bonds |
Geographic allocation
| 93% | Poland |
| 5% | United States |
| 2% | Other |
Documents to download
| Previous value 04.10.2022 | 20,18 PLN |
| 1M | -2,29% |
| 3M | +1,88% |
| 6M | -2,66% |
| 12M | -14,26% |
| 36M | -11,22% |
| 60M | -5,68% |
| 120M | +8,83% |
| YTD | -6,86% |
Documents to download
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 (KIIDs) 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 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.
Rates of return in subsequent calendar years (unit A,%)
The presented data are historical data and do not guarantee achievement of similar returns in the future. 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 results were accrued in the Polish currency.