Investment funds

Target Return Funds

Funds with a defined return target over a specified period.

Designed for investors with basic financial knowledge.
Fixed term, typically three years or more.
Fixed income with a defined investment horizon.

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Fixed income with a maturity date, for those who value stability

Funds that invest in public and private debt over a set term.

Who are the funds intended for?

Investors with basic financial knowledge.

How long should I invest for?

You should hold your investment for a fixed period, typically three years or more.

What type of fund is it?

Fixed income with a defined investment horizon (Buy & Hold).

Why should I choose these funds?

Clear objective and diversification from day one

You know from the outset when your investment will end.
The fund manager selects the issuers to invest in, assessing their creditworthiness and managing risk.
Diversified investment across companies, countries and sectors.

Risks of investing in Target Return Funds

Investing in funds carries a certain level of risk, which depends on each fund’s composition, market fluctuations and other factors associated with investing in securities. There is a risk of losing all or part of your investment.

In general, investing in funds involves the following risks:

Credit risk:

Related to the quality of the assets and their issuers. It is the risk that the issuer may fail to honour its payment obligations.

Market risk:

The risk that financial instruments may trade or be valued at below the price paid for them. In this respect, investments may be affected by:

Interest rate risk: changes in interest rates affect the price of fixed-income assets. How sensitive they are depends on their term or duration.
Foreign exchange risk: exchange rate fluctuations where assets are denominated in currencies other than that of the unit or fund.
Equity market risk: arising from changes in the price of equity instruments.
Emerging markets risk:political or economic changes may affect the value of the investment.
Geographical or sector concentration risk: la concentrating investments in a particular region or sector increases market risk.

Risk of investing in derivative financial instruments

Investing in derivatives (futures, options, etc.) may carry higher risk due to the nature of these instruments.

Liquidity risk

The risk that there is no counterparty in the market, meaning the investment cannot be sold.

Sustainability risk:

Risks arising from environmental, social or governance events or conditions. These risks depend on the type of issuer, the sector and geographical location, among other factors.

The estimated return is not guaranteed and the return ultimately achieved by the fund may differ due to changes affecting the assets held in the portfolio or changes in market interest rates and the creditworthiness of the issuers concerned. Be advised that the estimated return of the investment fund does not protect investors against the effects of inflation over the period to maturity and, therefore, the real return (i.e. after inflation) may be lower or even negative.

Fixed-income investments made by the fund would incur losses if interest rates were to rise, meaning that investors may sustain losses if they redeem their position before maturity.

Investment funds carry certain risks (including market, credit, liquidity, currency, interest rate and sustainability risks), meaning you could lose all or part of your investment. The relevant risks are described in the Prospectus and the Key Information Document (KID) for each fund.

Before making any investment decision, you should consult both documents, available from the relevant supervisory authority and on the management company’s website (www.santanderassetmanagement.es). Before making any investment decision, you should consult both documents, available from the relevant supervisory authority and on the management company’s website (www.santanderassetmanagement.es). The decision on whether to invest in the fund should be made having due regard to all the features and objectives of the fund, as described in its Prospectus and KID. The investment being promoted relates to the acquisition of units in an investment fund and not to a specific underlying asset. Past performance is not a reliable indicator of future results and, where the fund is denominated in a currency other than the euro, its value may rise or fall as a result of exchange rate fluctuations.  

The taxation of returns will depend on your individual circumstances and may change in the future.  

Management company: SANTANDER ASSET MANAGEMENT, S.A., S.G.I.I.C., registered with the CNMV under number 12. Depositary: CACEIS BANK SPAIN, S.A., registered with the CNMV under number 238. Distributor: BANCO SANTANDER, S.A., registered with the CNMV under number 49.  

This is a marketing communication intended for commercial purposes. It does not constitute contractual information or information required by law, nor should it be treated as any kind of investment recommendation or advice, and it does not constitute sufficient information in itself on which to make an investment decision.