IS Global Portfolio Fund of Funds

Suitable for investing for 5 years or longer

What is it?

The IS Global Portfolio is a fund of funds. It invests in equity funds that invest in companies listed on global stock markets.

Objective

The Fund's objective is long-term capital appreciation.

Fact Sheet

Who Should Invest?

The IS Global Portfolio fund is suitable for investors who seek to invest long-term in global equity markets. The IS Global Portfolio is an attractive option because it offers excellent risk diversification in international equity holdings. By investing in well diversified equity funds, the Fund is invested in a large number of individual companies and can thus provide a suitable core of foreign assets in a diversified portfolio. Trends in recent years show that prices of securities fluctuate substantially, downturns can last for lengthy periods and investors should be prepared to tolerate substantial price fluctuations.

Investment Policy

The IS Global Portfolio invests in funds that invest in companies listed on global stock exchanges and meet the requirements for UCITS funds. The Fund aims to invest in equity funds with quality management and disciplined investment styles. The Fund may invest a maximum of 20% of its total assets in a single fund. It may not invest in funds that invest more than 10% of their assets in other funds.

As a rule, the Fund is fully invested in equity funds but may invest as much as 10% in short-term bonds and bills or hold cash to meet redemptions. The Fund’s management aims to outperform the Morgan Stanley Capital International index.

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

2.805,99
+19,58 (0,70%)
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 General Investment Services

Fund Type UCITS 
Inception Year 2000
Base Currency ISK
Minimum Purchase ISK 10,000
Minimum Purchase at Subscription ISK 5,000
Management Company Iceland Funds Ltd
Custodian Íslandsbanki
Fund Manager Sigurður G. Gíslason
Fees
Initial Fee 2.00%
Annual Management Fee 1.50% + Performance based Fee
Service Charge Varies between Distributers
Transaction Orders
Settlement Cycle 3 Business Days (T+3)
Cut-off Time 15:00 GMT