Mi Proyecto Santander Smart FI

The fund aims to achieve returns that track the performance of the ML 1-10yr Euro Broad Market index (0.9%) and Euribor 1 month (0.1%) for fixed income, as well as the MSCI Europe NTR (33%) and MSCI AC World NTR (66%) for equities, at the fund's inception. The reference indices are used for comparative purposes only.

The fund will have exposure to fixed income and/or equities, directly and indirectly through collective investment schemes (up to 100% in collective investment schemes, with a maximum of 30% in non-harmonized collective investment schemes). The maximum initial exposure to equities will be 100% and will decrease over the fund's life to reduce volatility, reaching a maximum equity exposure of 30% by 2045. There is no predetermined allocation by sectors, market capitalization, or issuers, although the focus will mainly be on OECD countries.

Investing in small-cap equities and low credit quality fixed income securities may negatively impact the fund's liquidity. The fund's exposure to emerging market and/or high yield fixed income securities does not exceed 25% of the total exposure. The maximum currency risk exposure is 100% of the total exposure. The fund may invest more than 35% of its assets in securities issued or guaranteed by EU Member States, Autonomous Communities, Local Entities, International Organizations of which Spain is a member, and States with creditworthiness not lower than that of Spain. Derivatives may be used for hedging and investment purposes.

https://www.bancosantander.es/particulares/ahorro-inversion/planes-pensiones/gama-mi-proyecto