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* The results obtained may be reduced by the front-load fees and the taxes due.
The investment objective of the subfund is an increase in the value of the subfund’s assets as a result of investment value growth. The subfund’s assets are invested in money market instruments and in other debt securities whose residual maturity does not exceed one year or whose interest rate is fixed for periods not longer than a year. As part of the investment activity referred to in the previous sentence, the fund will invest the subfund’s assets mainly in financial instruments issued by:
1) the State Treasury or an entity in which the State Treasury holds, directly or indirectly, shares or which is otherwise directly or indirectly controlled by the State Treasury,
2) Bank Gospodarstwa Krajowego,
3) a government agency,
4) any public-sector or non-public-sector entity having State Treasury assets at its disposal, not mentioned in items 1) – 3).
These instruments and debt securities will account for at least 70% of the asset value, however instruments eligible as money market fund investments will not constitute a significant share.. The investments decisions are made mainly on the basis of the current evaluation and development forecasts of the macroeconomic situation of the security issuer’s country and their impact on the market interest rates.
