Rate of return (%)
on the day 12/06/2024

NAV / NAV per CI

140.93 PLN

Rate of return

1 day -0.18%
1 month -1.14%
3 months 0.48%
6 months 4.54%
YTD 2.76%
1 year 11.20%
3 years 7.48%
5 years 30.14%
10 years 38.36%
From the inception on
Inception date
Fund managers
Bartłomiej Cendecki
Equity allocation
Management fee
2.0% + 20% of profit (High Water Mark)
Maximum distribution fee
Initial subscription level
1.000 PLN
Risk/reward profile
Fund description

Absolute return domestic product. A subfund featuring a moderate risk level. The aim of the subfund is to achive positive nominal return in the medium-term investment horizon (min. 2 years). The objective is neither guaranteed by the fund nor the Company nor any other third party.

The rate of return should not be highly correlated with stock exchange indices, including the WIG. The subfund may use derivative instruments linked to stock exchange indices in order to hedge equity positions in its portfolio.

This product is designed for Investors who would like to achieve profits in nominal terms, accepting a risk related to partial investments in equities.

The subfund achieves its investment policy by making placement of assets in equities (0 to 50% of assets), and debt instruments (0 to 100%), both treasury and non-treasury. The risk related to equities can be hedged by derivative instruments.

The level of equities depends on stock selection process based on fundamental basis. We will seek opportunities both on the WSE and international markets.

It is worth noting that the subfund’s aim is to achieve better parameters which describe the relation of profit to risk than classic stable growth funds.

The subfund's performance fee calculation uses the High Water Mark model for the entire history of the subfund (HWM-alltime). This means that a Performance Fee can only be charged if a particpation unit has reached new maximum value. The performance fee is 20% of the increase above the maximum level. It is not possible to charge for the results (crystallization) in the case of a nominal loss. The crystallization frequency is daily.

The Subfund Stabilny (QUERCUS Stable) hereinafter referred as the subfund described in this document is the subfund of the QUERCUS Parasolowy SFIO umbrella fund. Information concerning QUERCUS Parasolowy SFIO and its subfunds, including detailed descriptions of investment policy, risk factors, are provided in the Prospectus and Key Investor Information Document available at the Quercus TFI S.A. office and at its website: www.quercustfi.pl. Neither Quercus TFI S.A. nor QUERCUS Parasolowy SFIO shall guarantee the achievement of expected investment targets or the gaining of specified investment results described in this document. Clients of QUERCUS Parasolowy SFIO should consider the capital venture risks of some invested financial sources. The net asset value of the subfund, may fluctuate considerably owing to the fact of investing the assets of the subfunds in shares and derivative instruments. QUERCUS Parasolowy SFIO can invest over 35% of the asset value in securities which are issued or guaranteed by the Polish State Treasury or the National Bank of Poland. Presented investment performance is calculated for the A class of the subfund’s participation units for the given period of time. Neither Capital Gains Tax nor fees related to purchasing the subfund’s units have been included in the above mentioned results. Indicated rates of return should be treated as a historical data only and shall not guarantee similar results in the future. Individual rate of return depends on the date of purchasing and selling subfund’s units, given fees and Capital Gains Tax. The value of the subfund’s units and fee schedule is available at www.quercustfi.pl. This material is promotional only and is neither intended as an offer nor as a recommendation to buy or sell any financial instrument. Data and information above provided should not be treated as an investment advice or any other type of advice especially, legal advice. It is necessary read the Prospectus and Key Investor Information Document before purchasing the subfund’s units. Quercus TFI S.A. has a business license issued by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego), which is the supervisory authority for Quercus TFI S.A. This document has been written in Polish and English language versions, in two identical copies. In event of any discrepancies, the Polish version shall be reffered to.