The Millennium Specialized Open-End Investment Fund is the first Fund in Poland to provide an opportunity to invest in the best investment funds in the world. They have never been so accessible before.

Two categories of participation units are available in Millennium FIO/SFIO funds: category A and category B. They differ in handling fee-charging policy. Details are in the current Table of Handling Fees.

Millennium SFIO has three strategies for a "Fund of Funds" and the two investment strategies, with assets are invested directly in financial instruments available in the Polish market, as well as on foreign financial markets. It consists of sub-funds with different investment strategies and different risk profiles.

Subfunds of the Specialized Open-End Investment Fund:

Staid Plan Subfund

The Subfund’s investment policy assumes creation of a globally diversified portfolio with moderate risk. The Subfund will largely invest in participation titles of foreign funds (minimum 60% of the assets), with the better part of that being allocated to debt funds (above 60% of the assets). Additionally the Subfund may invest up to 25% of the assets in participation titles of share (stock) funds and not more than 20% of the assets in participation titles of funds other than stock or share funds. 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 investment risk level. The Subfund uses derivative instruments to hedge FX positions.

The Fund's acquisitions account:
cat. A PLN 59 1160 2202 0000 0003 0994 1029
cat. B PLN 93 1160 2202 0000 0003 1210 8367

Multistrategy Subfund

The Subfund invests in participation titles of foreign funds, equities as well as debt securities. The Subfund may also conclude agreements on derivative instruments, underlying which are exchange indices. The Fund invests the Subfund’s money in various asset classes on many markets. Allocation between particular classes of assets is made on the basis of foreseen short and medium-term trends on particular markets and asset classes.

The Subfund seeks to achieve a positive average annual rate of return over the long-term investment horizon, regardless of the situation on financial markets. The Subfund uses derivative instruments to hedge FX positions.

The Fund's acquisitions account: 33 1160 2202 0000 0001 0239 4283

Global Bond Subfund

The Subfund invests from 70% to 100% in bonds, covered bonds of mortgage banks as well as participation titles of foreign debt funds. The Subfund invests on the Polish market as well as on foreign markets (developed and emerging ones). The Subfund uses derivative instruments to hedge FX positions.

The Fund's acquisitions account: 08 1160 2202 0000 0001 0239 2017

Balanced Plan Subfund

The Subfund’s investment policy assumes creation of a globally diversified portfolio with a medium level of risk, with a significant part of its assets being invested in participation titles of foreign investment funds. The Subfund’s asset allocation is variable. Debt participation titles make up from 40% to 80% of the assets. Participation titles of share (equity) funds make up from 20% to 50% of the assets, while participation titles of funds other than share (equity) account for not more than 20% of the Subfund’s assets. The Subfund uses derivative instruments to hedge FX positions.

The Fund's acquisitions account: 12 1160 2202 0000 0001 0239 5922

Top Sectors Subfund

The subfund’s investment policy assumes slight sector diversification. This means that the overall share of stocks issued by companies operating within one sector as well as participation titles of foreign funds whose investment policy assumes investing largely in stocks issued by companies operating within this sector, may constitute up to 100% of the Subfund’s assets. The Subfund’s money will be invested mainly in participation titles of foreign investment funds (minimum 60% of the Subfund’s assets), whose investment policy assumes investing the assets mainly in stocks. The Subfund uses derivative instruments to hedge FX positions.

The Fund's acquisitions account: 43 1160 2202 0000 0001 0239 6819

Active Plan Subfund

The subfund’s investment policy assumes allocation of assets mainly in participation titles of foreign funds (minimum 60% of the Subfund’s assets) investing in stocks of companies from Europe, the United States, Japan as well as emerging markets. The Subfund may additionally invest directly in share instruments (stocks) and also conclude agreements on derivative instruments, underlying which are exchange indices. In total participation titles of equity funds funds and share instruments (stocks) account for not less than 70% of the Subfund’s assets. The Subfund also uses derivative instruments to hedge FX positions.

The Fund's acquisitions account: 1160 2202 0000 0001 0239 7872

Prospectus

Additional information

Fees

Prices of investment funds

Prices of investment funds managed by Millennium TFI

Risks

Investment Fund is an entity having legal personality and operating on the basis of the Act of 27 May 2004 on investment funds, conducting, exclusively, operations involving investing cash collected publicly or not publicly in securities and other property rights provided for in the Act.

In return for payments into the fund investors receive participation units. Their number shows proportional share held by the investor in the investment fund assets. In specified time intervals the fund determines the value of participation units i.e. calculates „net value of fund's assets" assigned to a single participation unit. For this purpose, the fund determines the value of its investment portfolio and divides it by the number of participation units allocated to all participants. The value of participation unitmay change on each valuation day.

The following risks result from investing in investment funds:

  • Sector risk,
  • Credit risk,
  • Short-term price volatility risk,
  • FX risk,
  • Risk of not admitting issuer's securities to regulated market trading,
  • Liquidity risk,
  • Tax risk,
  • Legal risk,
  • Settlement risk,
  • Market risk,
  • Interest rate risk,
  • Risk of loss of capital,
  • Asset or market concentration risk,
  • Level of charges and fees,
  • Product complexity.

Risk description is provided in „Description of Risk Related to Financial Instruments and Products for Individuals in Bank Millennium S.A."1), as available in the Bank's outlets and on the Bank Web site www. bankmillennium.pl.

Detailed information on risks and investment strategy can be found in investment fund prospectuses.

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 on the website www.millenniumtfi.pl.

Amounts invested in the product are not covered by the guarantee system BFG.