| Sub-fund name | Unit value 07.02.2022 | Unit value 07.02.2023 | Value 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 PLN | 22,18 PLN | 2,59% | |
| Previous value 06.02.2023 | 22,29 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% |
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 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.
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 |
Documents to download
| Previous value 06.02.2023 | 22,29 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% |
Documents to download
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.
This chart shows the sub-fund’s performance as the percentage loss or gain per year over the last 10 years. (unit A,%)
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.