IS Asset Allocation Fund

Suitable for investing for 3 years or longer

What is it?

The Fund focuses on active asset management. The savings are managed by a team of fund managers focused on adjusting the Fund’s investments in line with market changes. The Fund invests mainly in other mutual funds.

Fund's Objective

The objective of the Fund is long-term capital growth by investing mainly in other mutual funds that invest in both domestic and foreign bonds and equities. The Fund may also invest in single securities as well as bank deposits.

Main Advantages

  • You will not miss out on good investment opportunities
  • A team of fund managers managing your portfolio
  • High level of service and information
  • Simple and good way to build up your regular savings
  • Tax advantages

Invest in Fund Fact Sheet

Who Should Invest?

The Fund is suitable for investors seeking to invest for two years or longer. Its risk is highly diversified because it invests in bond as well as equity funds. The Fund can therefore be used both as a stand-alone investment and as part of a larger portfolio.

Investment Policy

The fund may invest 20-80% in other UCITS funds and up to 30% in non-UCITS funds. The fund may also invest in single securities, i.e. up to 40% in equity and up to 40% in bonds. The fund may also invest up to 50% in bank deposits. The fund may invest up to 60% of its assets abroad.

The Fund is not allowed to invest more than 30% in non-UCITS funds and may invest only up to 20% in one fund (UCITS and non-UCITS). It is not permitted to invest in funds that have invested 10% or more in other funds. Up to 10% of the Fund’s assets may be held in liquid assets to meet redemptions or temporarily due to market conditions, but should usually be fully invested in the units of other mutual funds, bonds, equities or bank deposits. The Fund may invest in derivatives, but no more than 10% of total assets. The IS Asset Allocation Fund is a UCITS fund and its investment authorisations are based on Act No. 128/2011.

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

2.121
+4,67 (0,22%)
Nav dated 18.7.2019

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 Manager Sigurður G. Gíslason
Fees
Initial Fee 1.50%
Annual Management Fee 0.50%
Service Charge Varies between distributers
Transaction Orders
Settlement Cycle 2 Business Days (T+2)
Cut-off Time 15:00 GMT