Alfa 2018 - distinction in Stable Growth Funds category.
| Sub-fund name | Unit value 16.09.2020 | Unit value 16.09.2021 | Value change | |
|---|---|---|---|---|
Santander Stable Growth Unit value 16.09.2020 31,77 PLN Unit value 16.09.2021 36,36 PLN Value change 14,45% | 31,77 PLN | 36,36 PLN | 14,45% | |
| Previous value 15.09.2021 | 36,35 PLN |
| 1M | +0,14% |
| 3M | +1,73% |
| 6M | +4,81% |
| 12M | +14,45% |
| 36M | +15,10% |
| 60M | +22,01% |
| 120M | +44,52% |
| YTD | +6,63% |
Sub-fund overview
| Sub-fund launch | 26.11.1999 |
| Benchmark | 20% WIG + 10% MSCI World Index (MXWO) + 50% ICE BofA Poland Government Index (G0PL) + 20% ICE BofA Euro Corporate Index (ER00) hedged to Polish zloty |
| Recommended investment horizon | min. 3 years |
| Subfund category | Mixed |
| Managing company | Santander TFI S.A. |
| Minimum initial investment | 1 000,00 PLN |
| Minimum subsequent investment | 100,00 PLN |
Summary of the investment policy
mixed sub-fund; main categories of investments include debt securities and money market instruments (issued by state governments, local authorities and corporations) and equity shares and similar financial instruments,
the manager intends to maintain the equity instruments between 25% to 35% of assets,
the sub-fund invests minimum 50% of its assets in domestic securities,
the share of corporate bonds other than underwritten or guaranteed by the state should not exceed 25% of assets,
the share of bonds without an investment rating should not exceed 15% of assets,
duration ratio should not exceed 8,
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.
Bartosz Dębowski, CFA
Managing the equity part of the portfolio
Graduate of the Łódź University, Department of Finance and Banking; Major: capital investments. Licensed investment advisor and holder of the prestigious Chartered Financial Analyst (CFA) designation.
Michał Hołda
Managing the debt part of the portfolio
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
| 52% | Government bonds |
| 29% | Equities |
| 17% | Corporate bonds |
| 2% | Cash and deposits |
Geographic allocation
| 72% | Poland |
| 12% | Other |
| 6% | United States |
| 4% | Hungary |
| 3% | Netherlands |
| 3% | France |
Documents to download
| Previous value 15.09.2021 | 36,35 PLN |
| 1M | +0,14% |
| 3M | +1,73% |
| 6M | +4,81% |
| 12M | +14,45% |
| 36M | +15,10% |
| 60M | +22,01% |
| 120M | +44,52% |
| YTD | +6,63% |
Documents to download
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.