IS OMX Iceland Index Fund

Investment time: 5 yrs+

Who Should Invest?

This Fund is suitable for investors who wish to invest funds for five years or longer and can tolerate significant fluctuations. It is recommended as part of a diversified securities portfolio. Trends over the past 13 years indicate that prices of domestic securities fluctuate substantially, and downturns can last for lengthy periods.

Key benefits

  • Tracks the OMXI10CAP index
  • Asset allocation in listed Icelandic equities
  • No binding holding period, redeemable immediately

Price
2,772.83
12.17 (0.44%)
Price 09.12.2019
Nominal return
Icelandic Equities 99.94
Cash 0.06

Investment policy and holdings

The objective is to achieve the same return as the OMXI10 CAP ISK index of the NASDAQ OMX Iceland stock exchange (OMX ICE), after allowing for costs.

Holdings 01.10.2019

Price History

General information

Fund type
UCITS
Inception year
1991
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
Mogens G. Mogensen Gísli Halldórsson

Fees & Transaction orders

Purchase Fee
1.0%
- online banking discount
10%
- subscription discount
50%
Annual Management Fee
0.40%
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.