Millennium Investment Programme in Duet - Bank Millennium

Financial transactions involve risk presented in “Description of Risk Involved with Financial Instruments and Products for Private Persons in Bank Millennium S.A.", available in branches and on the Bank’s website www.bankmillennium.pllink opens in a new window.

Investing in funds involves risk of a loss as well as the obligation to pay handling fees and income tax. The Fund does not guarantee attainment of the investment goal or a specific investment result. The net value of funds’ assets is highly volatile due to the composition of the investment portfolio. In cases, in which the Fund’s Articles of Association provide for the possibility of investing more than 35% of a Subfund’s assets in securities - the issuer, surety or guarantor of these securities may only be the State Treasury, NBP, US government, European Central Bank or the European Investment Bank.

Individual Plans available under the Millennium Investment Programme may not be consistent with your knowledge, experience, financial situation, risk tolerance or investment objectives.

At the product selection stage, taking into account the answers provided in the investment survey, we always provide information whether the product is compatible with your features, goals and needs. In the event of non-compliance or incomplete compliance of the product with your characteristics, goals and needs, we will give you an appropriate information, and the purchase can only be made based on your initiative.

Investment Fund – is an entity with legal personality operating under the Act of 27 May 2004 on investment funds and management of alternative investment funds. An investment fund’s sole operation consists in investing funds collected publicly or privately in securities, money market instruments, and other property rights stipulated 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 unit may change on each valuation day.

The following risks are associated with investing in mutual funds:

• sector risk,
• credit risk,
• risk of short-term price changes,
• FX risk,
• risk of non-admission of the issuer’s securities to trading on the regulated market,
• liquidity risk,
• tax risk,
• legal risk,
• settlement risk,
• market risk,
• interest rate risk,
• loss-of-capital risk,
• risk involved with concentration of assets or markets,
• amount of fees,
• product complexity.

Prior to making an investment the information about funds should be read, including financial data and description of risk factors, which are contained in Prospectuses and in Key Information for Investors (KIID), available together with the Funds’ fees table in Bank Millennium branches, in the offices of Millennium TFI as well as online at link opens in a new window.

Funds deposited on term deposit in the Bank, the total value of which does not exceed the equivalent of 100,000 EUR, irrespective of the number of accounts held in the Bank, are protected by Banking Guarantee Fund, in keeping with the Act of 10 June 2016 on Banking Guarantee Fund, system of protection of deposits and compulsory restructuring (Journal of Laws 2016.996 as amended). Eligible for protection are deposits and receivables of entities indicated in art. 20 of the a/m Act.

Funds invested in investment funds are not protected by the Banking Guarantee Fund, in keeping with the Act of 10 June 2016 on Banking Guarantee Fund, system of protection of deposits and compulsory restructuring.

All and any information contained in this commercial publications for information purposes only and does not constitute an offer, or a recommendation or an invitation addressed to anyone (or any group of persons whatsoever) to conclude a transaction involving the financial instruments presented herein. In particular the information contained in this publication does not constitute an offer in the meaning of the Civil Code of 23 April 1964 nor is it a service of investment, financial, tax, legal or any other advice. Any investment decision should be taken on the basis of information contained in Prospectuses and in Key Information for Investors (KIID), not on the basis of the abbreviated description contained herein.

Dissemination, distribution and trading of some financial products may be subject to restrictions with respect to certain persons and countries, in keeping with relevant legislation. Offering and trading of financial instruments may be done only in compliance with relevant legal regulations.

MiFID (Markets in Financial Instruments Directive) is the European Directive concerning the market of financial instruments and products, which sets down a uniform legal framework for banks, brokerage houses as well as other brokerage operators in the European Union as well as in Iceland, Norway and Lichtenstein.

The MiFID Directive aims to enhance and harmonise Client protection in banks, increasing consistency and transparency of the operation of banks as well as increasing competitiveness on the financial instruments market.