IS Bond Fund

Recommended holding period: 3 yrs+

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 can be 0-14 years. It is the Fund Managers responsibility to decide on whether to invest in long or short term bonds as well as indexed or non-indexed bonds.

Key benefits

  • Active management in bond markets
  • Asset diversification
  • Low cost


1.00 (0.05%)
Price 14.06.2024
Nominal return
Gov'mt. guarant. securities 10.7
Corporate Bonds and Bills
Covered Bonds 6.5
Other Bonds & Bills (Financial Inst.)
Municipal securities 7.3
Bank deposits

Investment policy and holdings

The Fund's objective is long-term returns by investing in bonds and bills (money market instruments) issued by or under the guarantee of the Icelandic government, national local authorities or under their guarantee, the Municipal Credit Iceland, companies, incl. financial companies and deposits of domestic financial companies.

Holdings 01.06.2024

Price History

General information

Fund type
AIF for retail investors
Inception year
Base currency
Minimum purchase
ISK  10,000
Minimum purchase, subscription
ISK  5,000
Risk indicator
Intensity (tCO2e/ISKm)
SFDR classification
Article 6
Management company
Iceland Funds Ltd
Íslandsbanki hf.
Fund Manager/s
Ingólfur S. Kristjánsson Helga Óskarsdóttir

Fees & Transaction orders

Purchase Fee
- online banking discount
- subscription discount
Annual Management Fee
Service Charge
ISK  1000
- online banking discount
Order: 2 Business Days (T+2)
Sale: 5 Business Days (T+5)
Cut off time
15:00 GMT

General disclaimer This summary is intended for informative purposes only and should not be interpreted as a recommendation to take, or not to take, any particular investment action. The summary does not represent an offer or an invitation to buy, sell or subscribe to any particular financial instruments.

Investment in derivatives In accordance with its Investment policy, the Fund is permitted to use derivatives to lock in profits, to minimize risk or to lock in prices in Fixed Income instruments because of forseeable redemptions or to act on market changes. A detailed description of use of derivatives can be found in the Funds Prospectus.

Risks Various financial risks are always associated with investment activities, such as the risk of no yield or the risk of losing the capital invested. It should further be noted that international investing includes risks related to political and economic uncertainties as well as currency risk. Past performance does not indicate nor guarantee future performance of an investment. Each investor's investment objectives and financial situation is different. Before making an investment decision, it is important to seek expert advice and familiarise oneself with the investment market and different investment alternatives. Investors are encouraged to familiarise themselves with each fund´s Prospectus, especially regarding risk.

Price history and performance Funds’ nominal return for periods under 1 year is not calculated to a yearly basis, but shows price change instead. Nominal return for periods over 1 year is calculated on a yearly basis. Return calculation is based on last published price and is portrayed in each fund’s base currency.

Taxation The taxation of fund units is governed by the Income Tax Act No. 90/2003, the Act on Withholding of Tax on Financial Income No. 94/1996 as well as the Act on the Witholding of Public Levies at Source No. 45/1987. Further taxation can occur. It should be noted that taxation is determinded by the relevant individual circumstances of each respective customer and may be subject change in the future. The final taxation of non-resident unit holders depends on the local tax rules in the jurisdiction where they reside for tax purposes. Investors are advised to seek professional advice and/or information on the taxation of investing in funds.