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FEATURED FUND

Objective

SHORT TERM FIXED INCOME

FLOATING FIXED INCOME

FEATURED FUND

Target Return Funds

These are funds with a specific non-guaranteed target return, which invest in fixed income. They have a set target return over a specified term.
You can also find other fixed-income funds on this page.

For conservative profiles

An option for diversifying your fixed-income investment. You will know the target return and the term for achieving it.

Featured among our customers

This has been the most popular fund with our customers within the funds that mainly invest in fixed income in 2023.

If you are a customer, arrange your online fund

Investment with a non-guaranteed return objective in a specific period

Target Return Funds are funds with a specific non-guaranteed target return, which invest in fixed income and are designed for investors with conservative profiles who are looking to maintain the value of their money and obtain a specific non-guaranteed return within a set timeframe.

Who are target return funds for?

For saver customers who are ready to take the plunge into the world of investing, with a defensive approach and managed volatility.

What are the characteristics of these target return funds?

Target return funds are a simple investment solution which brings together a range of fixed-income assets within a diversified profile. They have the following characteristics:

  • In its current form, the portfolio is composed of public debt issued by European Union Member States and corporate debt.
  • They are short-term investments. The investment terms are usually less than a year.
  • The entire investment portfolio matures within the same time period. This means that you will be able to plan your investments as soon as you invest in the funds.
  • You know the potential return at maturity from the outset, but it is not guaranteed.

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FAQs for target return funds

  • What are target return funds?

  • Target return funds are investment funds with a non-guaranteed target return and a set horizon from the outset. For example, in practice, you could get a 2% return in 12 months if you keep your money in a fund until maturity. In other words, if you invest €10,000, you should expect to receive an additional €200 in 12 months, meaning that you would get a total of €10,200 back.

    There is active management over the public and private debt selection for these funds in order to take advantage of issuance opportunities.
  • What happens if I need to withdraw my money early?

  • As is the case with other investment funds, you can withdraw your investment from target return funds at any time. Should you do this, your return will be calculated at the market value when you make your withdrawal request, which may be above or below the stated target return at maturity.

    There may be a fee or discount incurred for withdrawing money from these funds during the investment horizon for the target return, as set out in its prospectus.

    All of the fund's documents are available for you to read at santanderassetmanagement.es.
  • What is the difference between guaranteed funds and target return funds?

  • Guaranteed funds come with the promise of the stated return being delivered at maturity, which is achieved through an insurer, which underwrites the investment. As a result, investors have a guarantee (an insurance policy), which springs into action should the fund's assets not perform as forecasted. This generally results in a smaller return on the investment.

    By contrast, with target return funds, the return is an estimate of what investors should expect to get back, with no guarantees beyond the estimate from the issuer of the bonds in which they have invested. As a result, in many cases, target return funds deliver a higher return rate than guaranteed funds.
  • Can I invest in target return funds with Santander if I am not a customer?

  • If you are not a customer, visit any branch in order to learn more about your options or open an Online Account in just a few steps. If you are a customer, you will be able to invest in target return funds online or at your branch.

What are the risks of investing in these funds?

Investing in mixed investment funds implies assuming a certain level of risk that will depend on the composition of each fund, market fluctuations and other factors associated with investing in securities, so there is a risk of losing all or part of the investment.

In general, investing in funds means undertaking the following risks:

  • CREDIT RISK
    Due to the quality of the assets invested in, as well as the issuers of these assets. This is the risk that the issuer may not be able to make payments.

  • MARKET RISK
    This is the possibility that financial instruments will have a listed price or a value below the price we have paid for them. In this regard, the investments may be affected by:

    Interest Rate Risk: interest rate fluctuations affect the price of fixed-income assets. Sensitivity to this risk depends on the duration of these assets.

    Currency risk: : fluctuation of the exchange value in the case of assets denominated in currencies other than the share reference currency.

    Market risk due to investment in equities: arising from variations in the price of equity assets.

    Risk from investing in emerging markets: political changes or economic circumstances can affect the value of investments.

    Geographical or sectoral concentration risk: The concentration of our investment in the same area or sector increases market risk.

  • RISK FROM INVESTING IN DERIVATIVES
    Investing in derivatives (futures, options, etc.) may entail a higher risk, given the nature of these products.

  • LIQUIDITY RISK
    The risk of not finding a counterparty in the market and, therefore, being unable to sell a product.

  • SUSTAINABILITY RISK
    These risks are related to environmental, social or governmental events or conditions. Factors contributing to the sustainability risk of an investment will include the type of issuer, sector of activity, geographical location and more.

Please note that the investment-fund target return is not immune from the effects of inflation during the time to maturity, meaning that the actual return (i.e. discounting inflation) could be lower or even negative. The fund's fixed-income investment could be lost if interest rates rise, meaning that investors could incur losses if they withdraw their money before maturity.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Investment in short-term deposits, notes and bonds

They seek to mitigate investor risk as they are funds that invest primarily in highly liquid assets.

For this reason, their hiring is usually linked to moments of economic uncertainty


SANTANDER RF AHORRO, FI

For you who have a conservative profile and are interested in diversifying your investment in public and private fixed income, with limited and reduced risk.

  • Euro Fixed Income Fund offers to generate returns in accordance with the money market rates through a careful selection of issues on the horizon.
  • Indicative term of the investment: 1 year.
  • Fund registered in the CNMV registry under number 441.
  • You can refer to the Prospectus, the DDF and the complete product sheet of Santander RF Ahorro, F.I. here.
  • The Spanish Securities Market Commission (CNMV) warns that this fund may invest a percentage of 20% in fixed income issues of low creditworthiness, i.e., with a high credit risk.

Commercial conditions of the fund

Class ISIN code

Minimum initial
investment

Management
fee

Deposit
fee

Fund
valuation

Class A

ES0112793007

1 share

0,45%- 1% annually
on equity*

0.05% annually
on equity

D+1

Class I

ES0112793023

€1,000,000

0.25%-0.5% annually
on equity*

0.052% annually
on equity

D+1

Class I Plus

ES0112793031

€5,000,000

0.15%-0.25% annually
on equity*

0.05% annually
on equity

D+1

Class S

ES0112793049

€50,000,000

0.1% annually
on equity

0.052% annually
on equity

D+1




What risk is involved in investing in these funds?

Investing in funds implies assuming a certain level of risk that will depend on the composition of each fund, market fluctuations and other factors associated with investing in securities, so there is a risk of losing all or part of the investment.

In general, investing in funds involves assuming the following risks:

  • CREDIT RISK
    Due to the quality of the assets in which it invests, as well as its issuers, this is the risk that the issuer will not be able to meet the payments.

  • MARKET RISK
    The possibility that financial instruments are listed or have a value below the price we have paid for them. In this regard, the investments may be affected by:

    Interest rate risk: interest rate fluctuations affect the price of fixed-income assets. The sensitivity to this risk depends on the duration of these assets.

    Foreign exchange risk: fluctuation of the exchange value in the case of assets denominated in currencies other than the reference currency of the participation.

    Market risk due to investing in equities: derived from variations in the price of equity assets.

    Risk from investing in emerging markets: political changes or economic circumstances can affect the value of investments.

    Geographical or sectoral concentration risk: the concentration of our investment in the same area or sector increases market risk.

  • FROM INVESTING IN DERIVATIVE FINANCIAL INSTRUMENTS
    Investing in derivatives (futures, options, etc.) may incorporate higher risk given the nature of these products.

  • LIQUIDITY RISK
    The risk that no counterparty is found in the market and, therefore, a product cannot be sold.

  • SUSTAINABILITY RISK
    These risks correspond to environmental, social or governmental events or conditions. The sustainability risk of the investments will depend, among others, on the type of issuer, the sector of activity and its geographical location.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Investment that seeks to address changes in interest rates

The investment is made, essentially, through the bond market, from both public and private issuers. The objective of this conservative fund is to mitigate the possibility that the invested capital will be negatively affected by interest rate rises in the European market.


SANTANDER RENTA FIJA FLOTANTE, FI

For those looking to make a short-term investment, against a backdrop of potential increases in the Euribor and inflation.

  • Euro Fixed Income fund which invests at least 50% at variable or floating interest rates.
  • Indicative term of the investment: 1 year.
  • The Floating Fixed Income Fund is registered in the CNMV record under number 5292.
  • You can refer to the Prospectus, the DDF and the complete product sheet here.
  • The Spanish Securities Market Commission (CNMV) warns that this fund may invest a percentage of 20% in fixed income issues of low creditworthiness, i.e., with a high credit risk.

Commercial conditions of the fund

Class ISIN code

Minimum initial
investment

Management
fee

Deposit
fee

Fund
valuation

Class A

ES0107943005

1 share

Maximum 0.65%
on average equity*

0.05% annually
on equity

Daily




What risk is involved in investing in these funds?

Investing in funds implies assuming a certain level of risk that will depend on the composition of each fund, market fluctuations and other factors associated with investing in securities, so there is a risk of losing all or part of the investment."

In general, investing in funds involves assuming the following risks:

  • CREDIT RISK
    Due to the quality of the assets in which it invests, as well as its issuers, this is the risk that the issuer will not be able to meet the payments.

  • MARKET RISK
    The possibility that financial instruments are listed or have a value below the price we have paid for them. In this regard, the investments may be affected by:

    Interest rate risk: interest rate fluctuations affect the price of fixed-income assets. The sensitivity to this risk depends on the duration of these assets.

    Foreign exchange risk: fluctuation of the exchange value in the case of assets denominated in currencies other than the reference currency of the participation.

    Market risk due to investing in equities: derived from variations in the price of equity assets.

    Risk from investing in emerging markets: political changes or economic circumstances can affect the value of investments.

    Geographical or sectoral concentration risk: the concentration of our investment in the same area or sector increases market risk.

  • FROM INVESTING IN DERIVATIVE FINANCIAL INSTRUMENTS
    Investing in derivatives (futures, options, etc.) may incorporate higher risk given the nature of these products.

  • LIQUIDITY RISK
    The risk that no counterparty is found in the market and, therefore, a product cannot be sold.

  • SUSTAINABILITY RISK
    These risks correspond to environmental, social or governmental events or conditions. The sustainability risk of the investments will depend, among others, on the type of issuer, the sector of activity and its geographical location.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

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Fixed Income Funds

Icon / check Created with Sketch. Aimed at conservative investors.

Icon / check Created with Sketch. Aimed at those who do not want to invest in the stock market.

Icon / check Created with Sketch. For those who wish to invest in multiple issuers.

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