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Alfa 2019 distinction in the category of Polish corporate bond funds |
| Sub-fund name | Unit value 23.09.2021 | Unit value 23.09.2022 | Value change | |
|---|---|---|---|---|
Santander Prestiż Corporate Bond Unit value 23.09.2021 1 432,62 PLN Unit value 23.09.2022 1 310,56 PLN Value change -8,52% | 1 432,62 PLN | 1 310,56 PLN | -8,52% | |
| Previous value 22.09.2022 | 1 314,17 PLN |
| 1M | -1,35% |
| 3M | +0,20% |
| 6M | -3,77% |
| 12M | -8,52% |
| 36M | -5,52% |
| 60M | -1,50% |
| 120M | +19,75% |
| YTD | -7,45% |
Sub-fund overview
| Sub-fund launch | 27.05.2011 |
| Benchmark | 60% WIBOR 3M (WIBO3M Ask Price) + 20% ICE BofA Euro Corporate Index (ER00) hedged to PLN o + 20% ICE BofA Euro High Yield Index (HE00) hedged to PLN |
| Recommended investment horizon | min. 3 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
debt (corporate bond) sub-fund which focuses on investments in debt securities issued by corporations and local authorities,
the sub-fund can invest without limitation in debt securities issued by the Republic of Poland (State Treasury) or other countries,
the share of bonds without an investment rating should not exceed 30% of assets,
duration ratio should not exceed 5,
the sub-fund invests mainly in money market securities and instruments denominated in PLN or in foreign currencies, with the FX risk hedged,
the sub-fund is actively managed: its portfolio doesn’t reflect the portfolio of the benchmark and its performance may differ significantly from the performance of the benchmark.
Paweł Pisarczyk
Graduate of the Management Department of the University of Economics in Cracow; Major: modelling and forecasting business processes. Licensed stock broker and 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
| 72% | Corporate bonds |
| 18% | Government bonds |
| 8% | Corporate bond funds |
| 2% | Other |
Geographic allocation
| 56% | Poland |
| 23% | Other |
| 8% | Netherlands |
| 6% | European region (investment funds) |
| 4% | France |
| 3% | Hungary |
Documents to download
| Previous value 22.09.2022 | 1 314,17 PLN |
| 1M | -1,35% |
| 3M | +0,20% |
| 6M | -3,77% |
| 12M | -8,52% |
| 36M | -5,52% |
| 60M | -1,50% |
| 120M | +19,75% |
| YTD | -7,45% |
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 (KIIDs) 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’s net asset value is exposed to considerable volatility due to the composition of the investment portfolio. 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, a local administration unit of a Member State or OECD member states or international financial institutions of which the Republic of Poland or at least one OECD country is a member In such a case, the sub-fund is obliged to make investments in securities of at least six different issues and the value of investments in any of those issues may not exceed 30% (thirty percent) of the value of the sub-fund’s assets.
The information presented above is solely promotional in nature.
Rates of return in subsequent calendar years (unit A,%)
The presented data are historical data and do not guarantee achievement of similar returns in the future. 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 results were accrued in the Polish currency.