| Sub-fund name | Unit value 09.04.2020 | Unit value 13.04.2021 | Value change | |
|---|---|---|---|---|
Santander Government Bond Unit value 09.04.2020 23,18 PLN Unit value 13.04.2021 23,94 PLN Value change 3,28% | 23,18 PLN | 23,94 PLN | 3,28% | |
| Previous value 12.04.2021 | 23,87 PLN |
Sub-fund overview
| Sub-fund launch | 20.08.2002 |
| Benchmark | ICE BofAML Poland Government Index (G0PL) |
| Recommended investment horizon | min. 2 years |
| Subfund category | Debt |
| Managing company | Santander TFI S.A. |
| Minimum initial investment | 1 000,00 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
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
| 96% | Poland |
| 4% | Hungary |
Documents to download
| Previous value 12.04.2021 | 23,87 PLN |
Documents to download
Sub-fund's portfolio as at 2021-02-26.
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 and information on fees related to participation in sub-fund can be found in the prospectuses and tables of fees available in Polish on Santander.pl/TFI and from the distributors of Santander FIO. 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.