The Vanguard Group

We offer Vanguard indexed funds, which are listed on the Irish Stock Exchange. The Vanguard funds are mutual funds that have notified marketing in Iceland.

One of the world's leading index fund companies

  • One of the world's leading index fund companies

  • Vanguard is the largest investment fund management company in the United States, where it stands apart as a result of its unique structure, low cost and clearly defined investment approach

  • While the cost of investment funds in the United States has been rising, Vanguard's costs have been steadily falling.

  • The Vanguard funds are mutual funds that have notified marketing in Iceland in accordance with Article 44. Act No. 128/2011 on Undertakings for Collective Investments in Transferable Securities (UCITS), Investment Funds and Professional Investment Funds.

Vanguard Indexed Funds


We offer five Vanguard Indexed Funds, thereof four Equity Funds and one Fixed Income Fund.

Vanguard Global Stock Index Fund

Vanguard European Stock Index Fund

Vanguard U.S. 500 Stock Index Fund

Vanguard Emerging Markets Stock Index Fund

Vanguard U.S. Government Bond Index Fund

The Fund seeks to track the performance of the MSCI World Index (the "Index")

The Fund seeks to track the performance of the MSCI Europe Index (the "Index")

The Fund seeks to track the performance of the Standard and Poor's 500 Index (the "Index")

The Fund seeks to track the performance of the MSCI Emerging Markets Index (the „Index “).

The Fund seeks to track the performance of the Bloomberg Barclays U.S. Government Float Adjusted Bond Index (the „Index“).

The Index is comprised of large and mid-sized company stocks in developed markets

The Index is comprised of large and mid-sized company stocks in developed markets in Europe

The Index is comprised of large-sized company stocks in the US

The Index is comprised of large and mid-sized company stocks in emerging markets.

The Index is comprised of U.S. Treasury and US government-related securities with maturities greater than one year.

Further Information


  • The minimum individual investment is ISK 300 thousand for individuals and ISK 5 million for professional investors
  • Units are bought in the name of Íslandsbanki for the benefit of customers
  • Íslandsbanki sales fee (transaction cost) for investment in Vanguard funds is 1,5% for Equity Funds and 1% for Fixed Income Funds See Interest Rates & Tariff of Charges for Investment Services
  • Annual management fee is according to prospectus of each fund an partners reimburse, in some cases, part of the management fee to Íslandsbanki
  • A commission is charged for transfers between funds
  • No redemption fee
  • The funds are listed in Ireland
  • The Vanguard Group Inc. is the Investment Manager and the funds are settled in US dollars
  • Dividends are reinvested in the funds

Taxation

  • No taxes are paid on the funds in Ireland
  • Holdings in Vanguard funds must be declared in Iceland
  • Capital gains tax is computed from redeemed capital gains

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 The Vanguard Asset Management Limited, which is the funds’ management company.

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.