IS CBI Fund

The Fund is suitable for those wishing to invest for three years or longer in index linked covered bonds and can tolerate fluctuations in the fund’s NAV. The average maturity is 0-14 years.

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Nominal return

Time Investments

Fluctuation in returns

af 7

Scale of risk and fluctuations in returns

Type

non-UCITS

Inception
2015
Currency
ISK
Holdings
  • 24.2% Indexed gov bonds
  • 34.5% Íslandsbanki
  • 19.3% Arion Bank
  • 19.7% Landsbankinn
  • 2.3% Cash

Last changed: 01.10.2019

Fund Objective

The Fund's objective is long-term capital growth through investment in index linked covered bonds, index linked government bonds and bank deposits.

Who should invest?

The Fund is suitable for those wishing to invest for three years or longer and can tolerate fluctuations in the fund’s NAV. Investment in the Fund is recommended as part of a diversified securities portfolio. The average maturity of the Fund's portfolio is open. It is the Fund Managers responsibility to decide on whether to invest in long or short term bonds.

Fact sheet

Price history


Fees & Transaction orders


Minimum deposit
ISK 10,000
Minimum subscription
ISK 5,000
Purchase fee
1%
Online banking discount
10%
Subscription discount
50%
Annual management fee
0,9%
Service charge
ISK 500
Online banking discount
100%
Settlement
2 business days (T+2)
Cut off time
15:00 GMT

Further information about the fund


Custodian
Íslandssjóðir
Management company
Íslandsbanki
Fund manager
Ingólfur S. Kristjánsson Helga Óskarsdóttir
Fact sheet
PDF
Summary of fund returns
PDF
Tariff of charges for investment services
PDF

Disclaimers


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.