IS Liquidy Fund

Suitable for investing for 3 months or longer

What is it?

IS Liquidity Fund - Government and Cash is a mutual fund established in July 2009, that invests exclusively in Treasury-guaranteed bills/notes, bonds and deposits with financial institutions. The average maturity of the fund's portfolio is 1 month to 1 year, which results in a relatively limited price fluctuations.

Fund's Objective

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.

Main Advantages

  • Secure and sound investment in mostly government guaranteed asset classes
  • Active asset management
  • Low costs
  • Instant access – redeemable with one day’s notice

Invest in Fund Fact Sheet

Who Should Invest?

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

Investment Policy

The Fund aims to invest 50% in deposits with financial institutions, 40% in Treasury-backed bills/notes and government bonds, 5% in bills/notes with financial institutions and 5% in municipal securities.

The proportion of government bonds in the portfolio may be increased to 100% and the proportion of deposits to 80%.

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.

Taxation
The taxation of fund units is governed by the Act on Income and Net Worth Tax No. 90/2003 and the Act on Withholding Tax on Capital Gains No. 94/1996. Further taxation can occur. Unit holders not residing in Iceland can apply to the Icelandic tax authorities for an exemption from such taxation. The final taxation of non-resident unit holders depends on the local tax rules in the jurisdiction where they reside for tax purposes.

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.

NAV

1.638,94
+0,56 (0,03%)
Nav dated 19.6.2019

Change in NAV & fund returns

Nominal return

Change in NAV 1 year



Funds

Information

Fact Sheet
Fact Sheet
Summary of Fund Returns
Tariff of Charges for Investment Services

Fund Type UCITS 
Inception Year 2009
Base Currency ISK
Minimum Purchase ISK 10,000
Minimum Purchase at Subscription ISK 5,000
Management Company Iceland Funds Ltd
Custodian Íslandsbanki
Fund Managers Ingólfur S. Kristjánsson
  Helga Óskarsdóttir
Fees
Initial Fee 0.00%
Annual Management Fee 0.40%
Service Charge Varies between Distributers
Transaction Orders
Settlement Cycle 1 Business Day (T+1)
Cut-off Time 15:00 GMT