IS Green Bonds

Investment time: 2 yr+

Who Should Invest?

The Fund is suitable for those wishing to invest in projects with a focus on environmental and social issues without compromising competitive long-term returns with an investment target of two years or longer. The average duration of the underlying assets is 0-14 years, which means that its price is sensitive to changes in yields. The Fund is an option for investors who focus on environmental and social issues without compromising the requirements for competitive long-term returns.

Key benefits

  • An option for investors wanting to have a positive impact on environmental and social issues
  • Active management in bond markets
  • Redemption with two days notice

Price
1,824.71
1.26 (0.07%)
Price 22.10.2019
Nominal return
Non-Indexed gov. bonds
30.9
Indexed gov. bonds
16.7
Housing bonds 20.3
Green bonds 28.5
Bank deposits 0.0
Cash 3.6

Investment policy and holdings

The Fund's objective is long-term capital growth through investment in bonds issued to finance projects that promote sustainability and/or positive development in environmental and social issues. As of yet, there are no securities listed on these markets at Nasdaq Iceland, and until the market with green bonds reaches a sufficient size, IS Green Bonds will invest in Icelandic Treasury bonds and bills. The Fund's assets will be invested in bonds listed on ICE Sustainable Bonds or First North ICE Sustainable Bonds at Nasdaq Iceland. The Fund may also invest in Icelandic Treasury bonds and bills as well as deposits at financial institutions.

Holdings 01.10.2019

Price History

General information

Fund type
non-UCITS
Inception year
2009
Base currency
ISK
Minimum purchase
ISK  10,000
Minimum purchase, subscription
ISK  5,000
Management company
Iceland Funds Ltd
Custodian
Íslandsbanki hf.
Fund Manager/s
Ingólfur S. Kristjánsson Helga Óskarsdóttir

Fees & Transaction orders

Purchase Fee
1%
- online banking discount
10%
- subscription discount
50%
Annual Management Fee
1%
Service Charge
ISK  500
- 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.