IS CBI 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 is open. It is the Fund Managers responsibility to decide on whether to invest in long or short term bonds.

Key benefits

  • Good diversification
  • Professional management of funds
  • Invests mainly in debt securities backed bonds (covered bonds)
  • Invests in index linked bonds only

Price
1,608.02
0.06 (0.00%)
Price 01.11.2024
Nominal return
Indexed gov. bonds
24.1
Íslandsbanki
33.9
Arion Bank
18.4
Landsbankinn 18.9
Cash
4.7

Investment policy and holdings

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

Holdings 01.10.2024

Price History

General information

Fund type
AIF for retail investors
Inception year
2015
Base currency
ISK
Minimum purchase
ISK  10,000
Minimum purchase, subscription
ISK  5,000
Risk indicator
2
Intensity (tCO2e/ISKm)
0,24
SFDR classification
Article 6
Management company
Iceland Funds Ltd
Custodian
Íslandsbanki hf.
Fund Manager/s
Ingólfur S. Kristjánsson Helga Óskarsdóttir

Fees & Transaction orders

Purchase Fee
1.00%
- online banking discount
25%
- subscription discount
50%
Annual Management Fee
0.90%
Service Charge
ISK  1000
- online banking discount
100%
Settlement
2 Business Days (T+2)
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.