Established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle.
Please note that this is not a binding agreement but marketing material. Kindly review the fund’s prospectus and key information, and do not base your final investment decision solely on this information.
Past performance is not a reliable indicator of future performance.
Source: Stefnir hf.
Position name | Market value | Ratio |
Stefnir - Innlend hlutabréf hs. | 1,014.7 m.kr. | 15.7% |
Stefnir - Skuldabréfaval hs. | 639.4 m.kr. | 9.9% |
Stefnir - Vaxtasjóður hs. | 561.4 m.kr. | 8.7% |
Katla Fund - Global Equity/UCITS - B class | 407.0 m.kr. | 6.3% |
iShares MSCI World Screened / UCITS & ETF | 393.2 m.kr. | 6.1% |
iShares MSCI World Quality Dividend Adv UCITS ETF | 392.5 m.kr. | 6.1% |
Stefnir - Innlend hlutabréf Vogun hs. | 286.0 m.kr. | 4.4% |
Stefnir - ÍS 5 hs. | 255.0 m.kr. | 3.9% |
SÍL 3 hs. | 219.5 m.kr. | 3.4% |
Stefnir - Ríkisverðbréfasjóður langur hs. | 208.7 m.kr. | 3.2% |
Stefnir – Balanced Fund is a alternative investment fund marketed towards the public and is therefore authorized to invest in bonds, equities and alternative investments.
The fund invests partly in companies which are aiming to obtain a stock market listing. The goal of the fund is to actively invest the financial resources of unit holders by taking advantage of the best current opportunities in Iceland and abroad as identified by the Management Company. The focus is on investing in funds rather than shares in individual companies in order to further diversify risk.
Stefnir – Balanced Fund was set up in 1996 and has the most members of any fund run by Stefnir, with around 4,200 unit holders.
Minimum | Maximum | |
|---|---|---|
Listed Icelandic bonds | 0% | 25% |
Listed Icelandic equities | 0% | 50% |
Bonds and bills issued by or guaranteed by the Icelandic government | 0% | 50% |
Listed international securities/financial instruments | 0% | 50% |
Unit in collective investments funds* | 25% | 100% |
Other collective investment fund, institutional investor funds* | 0% | 20% |
Deposits of financial Institutions | 0% | 50% |
Other financial instruments than those listed above | 0% | 10% |
* Applies both to fixed income funds and equities funds. Individual funds may also be authorized to invest in other financial instruments which Stefnir Balanced Fund is authorized to invest in.
The information provided here has not been independently reviewed.
Stefnir hf. operates as an alternative investment fund manager pursuant to Act No. 45/2020 on Alternative Investment Fund Managers, and UCITS pursuant to Act No. 116/2021 on Undertakings for Collective Investment in Transferable Securities (UCITS).
Please note that investing in unit shares involves a certain amount of risk. Investments can fall in value or lose all of their value. An alternative investment fund is generally considered to represent a higher risk investment than a UCITS. The greater risk associated with alternative investment funds is a result of its broader investment limits which could result in less risk distribution than in a UCITS.
Funds' investment returns are generally presented as nominal returns. Investment returns on Stefnir's website and promotional material connected to the funds show nominal returns, unless otherwise stated. All returns are calculated in Icelandic krónur
Stefnir hf. has divided its funds into seven different categories depending on the standard deviation in weekly returns over the past 5 years. Category 1 is the least volatile, while category 7 is the most volatile. A fund can be moved into a different category if the volatility of the underlying financial instruments changes. The categorization is based on guidelines issued by the European Securities and Markets Authority. Previous returns on investments in funds are no indication of future returns on investments. Categorizing funds according to the volatility of returns does not reflect all risks involved in the funds' investments. For example, the categorization does not take into account possible defaults by the issuers of financial instruments in which the fund has invested, or other risk factors. The categorization of the funds is subject to the above provisos.
Deposits of funds for collective investment are not insured under Act No. 98/1999 on Deposit Guarantees and Investor Compensation Schemes.
Further information on the fund, including more detailed information on the risk inherent in investing in unit shares, can be found in the fund’s prospectus or KID.
The fund invests in a mix of bonds and equities, both domestically and internationally, with emphasis on good diversification and active management. It is suitable for investors who want a balance between risk and return and are looking for long-term savings with medium-low risk. The recommended minimum investment period is three years.
