The Fund is suitable for those wishing to invest for three years or longer in non-indexed government-guaranteed bonds and bank deposits.
Nominal return
Holding period
Fluctuation in returns
Scale of risk and fluctuations in returns
Last changed: 1.11.2024
The Fund's objective is long-term capital growth through investment in non-indexed government bonds and bank deposits.
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 whether to invest in long or short term bonds.
Fact sheetGeneral 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.