Suitable for investing for 4 years or longer
IS Private Fund D is a division in the investment fund IS Private Funds. The Fund invests mainly in other mutual funds that invest in domestic bonds, equities and bank deposits. The savings are managed by a fund manager focused on adjusting the Fund’s investments in line with market changes.
The objective of the Fund is to protect the assets of owners and to increase their value by investing actively in other mutual funds that invest in bonds, equities and bank deposits. The Fund may also invest in single securities as well as bank deposits.
The Fund is suitable for investors seeking to invest for four years or longer. The fund invests mainly in other mutual and investment funds. There is a different classification for investors, class A and class B. Class B is for investors that have signed an asset management agreement with VÍB - Íslandsbanki Wealth Management. Class A is for all other investors. The management fee and initial fee is lower for Class B investors than Class A investors.
IS Private Fund D invests in mutual funds, investment funds and institutional funds. The fund may also invest in individual securities and deposits in accordance with the investment policy. Investments in funds and single securities should be in government guaranteed bonds such as government bonds, government bills and bonds issued by the Housing Financing Fund. The fund can also invest directly or through funds in municipality bonds, other bonds and bills and bank deposits. The fund may invest up to 50% in single equities and equity funds.
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.
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.
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.
|Fact Sheet (cat. A)|
|Fact Sheet (cat. B)|
|Summary of Fund Returns|
|Tariff of Charges for Investment Services|
|Minimum Purchase||ISK 10,000|
|Minimum Purchase at Subscription||ISK 5,000|
|Management Company||Iceland Funds Ltd|
|Fund Manager||Sigurður G. Gíslason|
|Annual Management Fee, Class A*||1,25%|
|Annual Management Fee, Class B*||0,60%|
|Service Charge||Varies between distributers|
|Settlement Cycle||2 Business Days (T+2)|
|Cut-off Time||15:00 GMT|
* The fund has two share classes, A and B. Class B is for investors that have signed an asset management agreement with VÍB - Íslandsbanki Wealth Management. Class A is for all other investors.