The Subfund will largely invest in participation titles of foreign funds (over 70%), with the better part of that being allocated to debt funds (above 50% of assets). The Subfund may also invest in shares (not more than 20%), as well as bonds, money market instruments and covered bonds of mortgage banks (not more than 20% in total). The subfund aims to generate higher rates of return than in case of bond and money market funds, at the same time maintaining a moderate risk level.
The value of the Subfund’s assets is highly volatile due to the composition of the portfolio; therefore, investment in the Subfund involves high risk of capital loss and thus investment horizon should be at least 3 years.
Level of risk
Potentially lower return
Potentially higher return
CURRENT VALUATION Unit class A and B(As of: 2019-05-23)
Rate of return for a selected period
|Participation unit value|
Rates of return in PLN:
|Subfund’s assets as of 2018-12-28:||17 188 803 PLN|
|Minimum first payment amount:||category A 100 PLN category B 2 000 PLN|
|Subsequent payment amount:||category A 100 PLN category B 1 000 PLN|
|Transfer agent:||ProService Finteco Sp. z o. o.|
|Depositary:||Bank Millennium S.A.|
Asset structure: (As of: 2018-11-30)
Investing in mutual funds involves risk of loss as well as the obligation to pay fees and tax. The Fund does not guarantee the investment objective or specific investment result. The value of net assets of Millennium Funds is or may be characterised by high volatility due to the composition of investment portfolios. The issuer, the guarantor or the guarantor of securities representing more than 35% of the assets of Millennium Funds (excluding the Millennium SFIO) may be the Treasury, National Bank of Poland, the U.S. government, the European Central Bank or the European Investment Bank. The full description of Millennium Funds, including a description of risk factors is contained in prospectuses and Key Investor Information Documents of individual Funds are available in branches of Bank Millennium S.A., in the seat of Millennium TFI S.A and in the sales points.