IS Private Fund B

The Fund is suitable for investors who want to invest for three years or longer and ensure effective distribution between bonds and shares. The maximum share capital is 15%.

Buy into a fund

Here you can buy directly into a fund or sign up for a subscription

Nominal return

Time Investments

+

Fluctuation in returns

af 7

Scale of risk and fluctuations in returns

Type

Investment fund

Inception
2015
Currency
ISK
Holdings
  • 6.9% Deposits
  • 61.5% Indexed Bonds
  • 20.6% Non-Indexed Bonds
  • 7.7% Domestic Equities
  • 3.2% Foreign Equities
  • 0.1% Commodities

Last changed: 01.10.2019

Fund Objective

The objective of the Fund is to protect owner assets and to increase their value by actively investing in mutual funds that invest in bonds, investment funds and alternative investment funds. The Fund may also invest in single securities and bank deposits, in accordance with the investment policy. Investments made either through funds or directly should be in government guaranteed bonds such as government bonds, government bills and bonds issued by the Housing Financing fund. The fund can also invest directly or through funds in equity, municipality bonds, other bonds and bills plus deposits.

Who Should Invest?

The Fund is suitable for investors who want to invest for three years or longer. The fund mainly invests in other mutual and investment funds. Investors who sign an asset management agreement with Íslandsbanki will be offered special terms.

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
1.25%
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
Iceland Funds Ltd
Fund manager
Sigurður G. Gíslason
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.