Santander Asset Management commentaries

Comments from Santander Asset Management experts to the foreign sub-funds created within the Santander SICAV. Sub-funds investing up to 100% in their participation units are offered by Santander Prestiż SFIO.

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 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 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.