Summary of the investment policy
Under the debt part, the sub-funds may invest:
- no less than 70% of the value of the assets in treasury and quasi-treasury bonds or bank deposits,
- no 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:
- no less than 40% of the value of the assets in the shares included the WIG20 index
- no more than 20% of the value of the assets in the shares included in the mWIG 40 index,
- no more than 10% of the value of the assets in other shares listed on the Warsaw Stock Exchange,
- no less than 20% of the value of the assets in foreign shares in the OECD countries.
The subfund invests its assets in subsequent time intervals according to the principles set out in the table below:
| Santander PPK 2070: | until 31.12.2049 | from 01.01.2050 until 31.12.2059 |
from 01.01.2060 until 31.12.2064 |
from 01.01.2065 until 31.12.2069 |
from 01.01.2070 |
|---|---|---|---|---|---|
| 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 subfund reaches its defined date, the part of the equity component will be gradually reduced to the debt component.
This chart shows the sub-fund’s performance as the percentage loss or gain per year over the last 3 years. (%)
| sub-fund |
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.
There is insufficient data to provide individual investors with reliable indications of past performance.
Sub-fund overview
| Sub-fund launch | sub-fund has not been launched |
| Benchmark | n/a |
| Recommended investment horizon | min. 5 years |
| Subfund category | Defined date sub-fund |
| Managing company | Santander TFI S.A. |
| Minimum initial investment | 0,01 PLN |
| Minimum subsequent investment | 0,01 PLN |
Head of Equity, Fund Manager
Adam Nowakowski is a graduate of the Poznań School of Economics (currently, the Poznań University of Economics and Business), where he completed studies at the Faculty of Management and Marketing, majoring in Capital Investments and Corporate Financial Strategies. He began working with the capital market in 2005 as an Assistant Broker, and then Broker in the Settlements Department of the Brokerage House of BZ WBK S.A. In 2010, he joined BZ WBK Asset Management S.A. Initially, he was employed as a Stock Analyst, and in October 2013, he advanced to Analysis Team Manager. In 2016, Adam Nowakowski joined Santander TFI, where he currently holds the Head of Equity position. He holds a Securities Broker licence no. 2012, an Investment Advisor licence no. 664. He is entitled to use the CFA title (Chartered Financial Analyst) and Sustainable Investing Certificate.
Managing the debt part of the portfolio
Graduate of the Wrocław University of Economics, Department of Finance and Banking; Majors: Finance Analyst and Risk Management. She began working with the capital market in 2011 as an analyst in the NWAI Brokerage House.
She joined Santander TFI in 2015, initially as a bond market analyst, currently holds the fund manager position. Marta Stępień holds a Securities Broker license, an Investment Advisor licence and is entitled to use the CFA title (Chartered Financial Analyst) and Sustainable Investing Certificate.
Overview of the investment process
At Santander TFI, the investment process relies on the competences of the Investment Committee and the individual sub-funds’ managers.
The Investment Committee includes all sub-funds’ managers. The Investment Committee makes decisions that concern, among other things:
- hedging currency positions and the use of other derivatives,
- strategic and geographic allocation.
Sub-funds’ managers, on the other hand, make individual investment decisions regarding the target holdings of individual financial instruments in the portfolios.
Sample Aallocation of assets
| 70% | Equities |
| 30% | Bonds issued and guaranteed by the government |
Sample geographic allocation
| 80% | Poland |
| 10% | United States |
| 10% | Pozostałe |
Sub-fund has not been launched
Sustainability-related disclosures
We do not considerf adverse impacts of investment decisions on sustainability factors.
The sub-fund does not consider principal adverse impacts of investment decisions on sustainability factors. The main reason is lack of sufficient disclosure data of companies. Aditionally there is undeveloped market practice in the area of principal adverse impacts. We plan to consider adverse impacts of investments decisions on sustainability factors for a higher number of products. Our strategy in this respect takes into account size, nature and scale of activity, as well as the types of offered financial products.
Documents to download
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. 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 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.
The information on the website may contain advertising content
The information on the website may contain advertising content