Reinvestment is an option of returning to a sub-fund without paying the distribution fee. Exemption from the distribution fee is possible when all the requirements specified below are fulfilled:

  • the repurchase transaction will be settled on the same sub-register as the one from which the participation were earlier redeemed; and
  • the period between the redemption valuation day and the repurchase valuation day may not be longer than 90 calendar days

Reinvestment applies to the first purchase settled on the sub-register from which the participation units were redeemed.

Exemption from the distribution fee shall be limited to the payment amount equal to the value of the redemption proceeds.

Reinvestment is not possible in the case of conversion orders


Detailed information about Santander FIO and Santander Prestiż SFIO funds, including the financial data, description of risk factors and information on fees related to participation in funds can be found in the Information Prospectuses and Tables of Fees available on and from the Fund Distributors.

The funds cannot guarantee achievement of the adopted investment objective or the expected return. Prior to making an investment decision, the Participant should review the fees charged by the sub-fund and take into account the potential tax imposed on the gains. The Participant has to take into consideration the possibility of losing at least part of the invested capital.