IS Asset Allocation Fund - Government

The Fund is suitable for investors who want to invest for two years or longer and ensure effective distribution between bonds and shares.

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Nominal return

Holding period

Fluctuation in returns

out of 7

Scale of risk and fluctuations in returns

  • 33.3% Non-Indexed Bonds
  • 53% Indexed Bonds
  • 13.7% Deposits

Last changed: 01.03.2023

Fund Objective

The objective of the Fund is long-term capital growth by investing mainly in other mutual funds that invest in both domestic and foreign government bonds. The Fund may also invest directly in single government backed securities as well as municipalities and bank deposits.

Who should invest?

The Fund is suitable for investors seeking to invest for two years or longer. Its risk is highly diversified because it invests in other mutual and investment funds as well as single sovereign and municipal bonds and bank deposits.

Price history

Fees & Transaction orders

Minimum deposit
ISK 10,000
Minimum subscription
ISK 5,000
Purchase fee
Online banking and app discount
Subscription discount
Annual management fee
Service charge
ISK 1,000
Online banking and app discount
2 business days (T+2)
Cut off time
15:00 GMT

Further information about the fund

Management company
IS Funds Ltd
Fund manager
Sigurður G. Gíslason
Summary of fund returns
Tariff of charges for investment services


General disclaimer regarding investment in funds

Investments in financial instruments always entail financial risks, such as the risk of little or no return or total loss of capital. Past performance is neither an indication nor a guarantee of future returns. Risk increases if the investment is financed by credit and returns can increase or decrease due to exchange rate volatility if assets are in foreign currency. Taxation of funds is assessed on an individual basis in accordance with current legislation and is subject to change.

Investors are advised to familiarise themselves with the available information on funds, including key information on risk factors, investment authorisations and the use of derivatives. Non-UCITs funds have broader investment authorisations than UCITs and can therefore entail more risk. Information on the funds is obtained from Íslandssjódir hf., which is the funds’ management company and a subsidiary of Íslandsbanki hf.

Information on this site is intended for information purposes only and should not be considered as an offer or advice on the purchase, sale or other allocation of certain financial instruments. The source of this information is considered reliable, but the accuracy or validity of the information cannot be guaranteed. The bank reserves the right to make changes to this information at any given time.

Exchange rate developments and returns

A fund management fee is included in the daily calculation of each fund’s exchange rate. Return for 12-month periods or longer is calculated on an annual basis. Shorter periods are not calculated on an annual basis but show price change instead. Return is based on the latest price listed and portrayed in the base currency of each fund.