All data published on the PKO TFI S.A. website is for informational and promotional purposes only and does not constitute an offer within the meaning of Article 66 of the Civil Code, nor does it represent investment advisory services or recommendations concerning financial instruments or their issuers as defined in the Act on Trading in Financial Instruments. It also does not constitute tax advice or legal assistance.

PKO TFI S.A. has made reasonable efforts to ensure that the information provided is reliable and based on competent sources. However, it cannot guarantee its accuracy, completeness, or timeliness. Unless otherwise stated in the content, the source of the data is the own calculations of PKO TFI S.A. The content and appearance of the website may be changed at any time without prior notice.

The content of this website is the property of PKO TFI S.A. The website and all of its components are protected by law. Except as permitted by law, copying and distributing the content of this site without the prior written consent of PKO TFI S.A. is prohibited.

The user of the website bears sole responsibility for the use of the information provided herein, particularly in making investment decisions.

Investing in funds involves the acquisition of participation units/investment certificates. Funds do not guarantee the achievement of the assumed investment goal or the attainment of a specific investment result. There is a risk of losing at least part of the invested capital. A detailed description of the risk factors can be found in the relevant prospectuses available at www.pkotfi.pl/dokumenty-do-pobrania/prospekty-informacyjne and in the KIDs available at www.pkotfi.pl/dokumenty-do-pobrania/kid, as well as in the offering prospectus, information memorandum, or terms of issue.

The performance of investment funds managed by PKO TFI S.A. presented on the website is based on historical data and does not guarantee the achievement of similar results in the future. Entry and exit fees apply when purchasing or redeeming participation units/investment certificates. The amount and method of charging such fees are defined in the fee tables.

The current valuations of participation units are updated on the website as soon as the fund's asset valuation is completed.

PKO TFI S.A. makes every effort to limit the risks associated with investing in investment funds. Nevertheless, when investing in Subfunds/Funds, one should be aware that the benefits of investing in participation units/investment certificates are accompanied by risks such as the risk of not achieving the expected return, events beyond the Fund Participant’s control (e.g., operational risks), as well as inflation, liquidity, and regulatory risks, and even the risk of the liquidation of the Fund/Subfund.

Among the investment-related risks, special attention should be paid to risks related to the investment policy, including: market risk, interest rate risk, currency risk, credit risk, derivative instrument risk, concentration risk, custody risk, settlement and liquidity risk. Additionally, companies and issuers whose shares and/or bonds are purchased for the portfolio may face negative consequences for activities inconsistent with sustainable development principles, which may adversely affect the value of their issued securities. Increased volatility of asset class prices and investment returns may also result from events such as military actions (e.g., in Ukraine), potential terrorist acts related to that conflict, and pandemic occurrences. Moreover, specific Funds/Subfunds may involve unique risks that apply only to them.

For these reasons, to properly assess the risks of investing in Funds/Subfunds, it is essential to carefully review the investment policy, risk description, and investor profile presented in the relevant prospectuses or Key Information Documents (KIDs).

In particular, it is recommended to review the general risk indicator presented in the KID (on a scale from 1 to 7, where 1 means the lowest risk and 7 the highest). This indicator provides guidance on the risk level of the product compared to other products and illustrates the likelihood of losing invested money due to market changes or the inability to redeem the investment. It considers several types of risk and is calculated based on a five-year history. It is recommended that the intended investment period should not be shorter than the recommended holding period. Alongside the general risk indicator, it is advised to review the performance scenarios of the Fund/Subfund. The general risk indicator, performance scenarios, and recommended holding period are included in the KID.

The informational prospectuses, KIDs, offering prospectuses, information memoranda, and terms of issue are available exclusively in Polish. The prospectuses and KIDs are available on the website www.pkotfi.pl, at the PKO TFI S.A. headquarters, or from distributors listed under the helpline number 0 801 32 32 80. Annual and semi-annual financial reports of the Funds are also published on www.pkotfi.pl. A summary of the rights of investment fund participants can be found in the relevant provisions of the prospectuses in Chapter III "Rights of Fund Participants." The summary is available in Polish.

Depending on the investment policy and management strategy, Funds/Subfunds are intended for individuals accepting low, medium, or high investment risk. Accordingly, the participation units/investment certificates of Funds/Subfunds may be subject to moderate, high, or very high volatility.

The scenarios regarding possible investment outcomes are included in the KIDs of the Funds/Subfunds in the section: "What are the risks and possible benefits?"

Funds/Subfunds may invest more than 35% of their assets in securities issued by the National Bank of Poland or the State Treasury. Depending on the adopted investment policy, the majority of the Fund’s/Subfund’s assets may consist of categories other than securities or money market instruments.

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