The information on the website may contain advertising content that does not constitute an agreement or an information document required by the law, and does not contain sufficient information to make an investment decision. Investing bears risk. Before making any investment decisions, read the fund's prospectus, including the full list of risks.

Rate of returnUnit value
Sub-fund nameUnit value 07.02.2022Unit value 07.02.2023Value change
Santander Government Bond
Unit value 07.02.2022
21,62 PLN
Unit value 07.02.2023
22,18 PLN
Value change
2,59%
21,62 PLN22,18 PLN2,59%
07.02.2023
Current value07.02.202322,18PLN
Previous value 06.02.202322,29 PLN
1M+1,88%
3M+13,57%
6M+6,84%
12M+2,59%
36M-2,12%
60M+2,92%
120M+15,76%
YTD+4,28%

Risk indicator

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The risk indicator is an indication of the risk level of this product compared to other products. Takes values from 1 to 7. The higher the value of the indicator, the higher is the risk of the product, i.e. the greater the probability of a loss of the invested funds.

This chart shows the sub-fund’s performance as the percentage loss or gain per year over the last 10 years. (unit A,%)

sub-fund benchmark

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 2002. The results were accrued in Polish currency.

Sub-fund overview

Sub-fund launch20.08.2002
BenchmarkICE BofA Poland Government Index (G0PL)
Recommended investment horizonmin. 2 years
Subfund categoryDebt
Managing companySantander TFI S.A.
Minimum initial investment100,00 PLN
Minimum subsequent investment100,00 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 may amount up to 20% of assets,

  • the share of corporate bonds other than underwritten or guaranteed by the states may amount up to 20% of assets,

  • the share of bonds without investment rating may amount up to 10% of assets,

  • duration ratio should be between 2 and 8,

  • the sub-fund invests mainly in assets 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.

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

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

99%Bonds issued and guaranteed by the government
1%Other

Geographic allocation

97%Poland
3%Other
07.02.2023
Current value07.02.202322,18PLN
Previous value 06.02.202322,29 PLN
1M+1,88%
3M+13,57%
6M+6,84%
12M+2,59%
36M-2,12%
60M+2,92%
120M+15,76%
YTD+4,28%

Risk indicator

1234567
The risk indicator is an indication of the risk level of this product compared to other products. Takes values from 1 to 7. The higher the value of the indicator, the higher is the risk of the product, i.e. the greater the probability of a loss of the invested funds.

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 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.