Mutual Fund – is an entity with legal personality operating under the Act of 27 May 2004 on mutual funds. A mutual fund’s sole business is to invest monies collected publicly or privately in securities and other property rights stipulated in the Act.

In exchange for money paid into the fund the investors receive participation units. Their number reflects the proportional share of a participant in the mutual fund’s assets. With a pre-defined frequency the mutual funds determines the value of participation units i.e. calculates fund assets net value per participation unit. For this purpose the fund valuates the investment portfolio and then divides the amount by the number of participation units due to all participants. The value of a participation unit may change during each valuation day.

• 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 (KII), available together with the Funds’ fees table in Bank Millennium branches, in the offices of Millennium TFI SA as well as online at www.millenniumtfi.pl.

Conclusion by the customer of transactions involving financial instruments is the basis for consideration that the customer has read the terms and conditions of the transaction as well as the related risk and has accepted them.

Funds deposited on accounts in the Bank, the total value of which funds does not exceed the equivalent of EUR 100,000, 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 Laws2016.996). Eligible for protection are deposits and receivables of entities indicated in art. 20 of the a/m Act. Meanwhile funds invested in Millennium TFI mutual funds are not protected by Banking Guarantee Fund.

All and any information contained in this COMMERCIAL PUBLICATION is 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 23rd 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 (KII), 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. It is for the customer to demonstrate legal capacity and authority to invest in the financial instrument. Offering and trading of financial instruments may be done only in compliance with relevant legal regulations.

Information contained in this publication shall be made available to the recipient on an exclusive basis. The recipient is not authorised to copy or send and make the information available in whole or in part in any other way to third parties (except its sending to professional advisors) without the Bank’s prior written consent.