Summary of the investment policy
Under the debt part, the sub-funds may invest:
- not less than 70% of the value of the assets in treasury and quasi-treasury bonds or bank deposits,
- not more than 30% of the value of the assets in other financial instruments, but no more than 10% in financial instruments that do not have an investment rating.
Under the share part, the sub-funds may invest:
- not less than 40% of the value of the assets in the shares included the WIG20 index,
- not more than 20% of the value of the assets in the shares included in the mWIG40 index,
- not more than 10% of the value of the assets in other shares listed on the Warsaw Stock Exchange,
- not less than 20% of the value of the assets in foreign shares in the OECD countries.
The sub-fund invests its assets in subsequent time intervals according to the principles set out in the table below:
| Santander PPK 2065: | until 31.12.2044 | from 01.01.2045 until 31.12.2054 |
from 01.01.2055 until 31.12.2059 |
from 01.01.2060 until 31.12.2064 |
from 01.01.2065 |
|---|---|---|---|---|---|
| Equity part | 60-80% | 40-70% | 25-50% | 10-30% | 0-15% |
| Debt part | 20-40% | 30-60% | 50-75% | 70-90% | 85-100% |
During the five years preceding the year in which the sub-fund reaches its defined date, the part of the equity component will be gradually reduced to the debt component.
Sub-fund overview
| Fund registration | sub-fund has not been launched |
| Benchmark | n/a |
| Recommended investment horizon | min. until the sub-fund reaches the target date |
| Category | Defined date sub-fund |
| Management | Santander TFI S.A. |
| Minimum initial investment | PLN 0,01 |
| Minimum subsequent investment | PLN 0,01 |
Sub-fund managers
Adam Nowakowski, CFA
Marta Stępień, CFA
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.
Sample asset allocation
| 70% | Shares |
| 30% | Government bonds |
Sample geographic allocation
| 80% | Poland |
| 10% | United States |
| 10% | Other |
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 Participants and the possible charges.
The sub-fund’s financial data, description of the risk factors and terms of participation can be found in the Prospectus of Santander PPK SFIO published in Polish at Santander.pl/TFI.
The sub-fund cannot guarantee achievement of the investment objective or of the expected return on investment. The Participant should consider the possibility of losing at least some of the invested capital.
The Sub-fund can invest over 35% (thirty five percent) of the value of the sub-fund’s assets in securities issued, warranted, or guaranteed by the State Treasury or the National Bank of Poland.
The net asset value of the sub-funds may be exposed to considerable volatility due to the composition of the investment portfolio.
The above material is for promotional purposes only.