IS Liquidity Fund

Recommended holding period: 3 mon.+

Who Should Invest?

The Fund is suitable for investments of one month or longer. A high proportion of deposits in its portfolio minimises fluctuations.

Key benefits

  • Secure and sound investment in mostly government guaranteed asset classes
  • Active asset management
  • Low costs

1.99 (0.10%)
Price 14.06.2024
Nominal return
Bank deposits 18.6
Gov.guaranteed bills and securities 44.4
Bank bills and securities
Other bills and securities 8.8 
Cash 3.6

Investment policy and holdings

Continuous and even capital growth through investment in financial institution deposits and bills as well as bills or other short-term securities issued or guaranteed by the Icelandic Government.

Holdings 01.06.2024

Price History

General information

Fund type
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
Annual Management Fee
Service Charge
ISK  1000
- online banking discount
1 Business Day (T+1)
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.