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Santander Fundusze Inwestycyjne

Santander Prestiż Fixed Income Active


On December 30, 2022, the Santander Conservative Strategy sub-fund will change into Santander Prestiż Fixed Income Active. The sub-fund with a new investment policy is the complement to Santander TFI's range of debt sub-funds.

Santander Prestiż Fixed Income Active is an attractive sub-fund with a unique strategy on the Polish mutual fund market allowing both positive and negative duration values, which enables to minimize losses during periods of rising yields.

The sub-fund aims to maintain relatively low exposure to credit and interest rate risk, aiming to achieve a rate of return that is less dependent on bond market conditions.

The product will invest in liquid markets and will be actively managed according to the market assessment, giving the chance for better returns.

The investment strategy is to invest in global debt markets depending on the assessment of the prospects of a particular market.

  • Most of the Treasury portion of the sub-fund will be allocated in the local government bond market.

  • Investments in the non-Treasury bond market will be predominantly made in foreign markets due to their liquidity.

  • Exposure to emerging markets (outside Poland) will not exceed 20% of the sub-fund assets.

Investment policy principles

  • An absolute return sub-fund with a debt profile.

  • Values of the duration ratio should be between -2 and +5.

  • The investment objective of the sub-fund will be to increase the value of assets by, among other things, adjusting the duration parameter of the portfolio to expected market trends.

  • The total share of deposits other than debt securities, money market instruments and other financial instruments giving exposure to such instruments will not exceed 20%.

  • The benchmark for the sub-fund will be WIBOR 3M (WIBO3M Ask Price).

  • The sub-fund manager's intention will be to actively manage interest rate risk while keeping it relatively low on average.

  • The share allocated in non-Treasury bonds will be shaped actively, depending on the assessment of market prospects.

  • The share of debt instruments will account for at least 80% of the sub-fund assets, non-Treasury instruments will not exceed 50%, while those with a below-investment grade rating will not exceed 25% of the sub-fund assets.

A detailed description of the sub-fund investment policy will be specified in the Santander Prestiż SFIO fund statute. For a full list of planned changes, see the announcement.

Change announcement

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 net asset value of some sub-funds of Santander funds is characterized by high volatility due to the composition of the investment portfolio. The sub-fund can invest more than 35% of assets in securities issued, underwritten or guaranteed by the State Treasury or the National Bank of Poland.

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 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 information presented above is solely promotional in nature.