Anlageziel Santander Brazilian Short Duration B Fonds

The Fund will seek to provide above average results from investments in debt securities of the Brazilian debt market. The aim is to maximize medium term returns by allocating its assets primarily in sovereign bonds (up to 100% of total net assets). Notwithstanding this limit, up to a maximum of 40% of total net assets may be invested in quasi sovereign bonds. All the aforementioned instruments will be related to the Brazilian debt market (such as Eurobonds issued in USD or in any other foreign currency by Brazilian companies i.e. domiciled in Brazil).