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 |
Eik fasteignafélag hf. | 170.2 m.kr. | 11.1% |
Arion banki hf. | 159.4 m.kr. | 10.4% |
Íslandsbanki hf. | 147.6 m.kr. | 9.6% |
Sjóvá-Almennar tryggingar hf. | 127.2 m.kr. | 8.3% |
Kaldalón hf. | 83.4 m.kr. | 5.4% |
Kvika banki hf. | 78.8 m.kr. | 5.1% |
Skel fjárfestingafélag hf. | 75.8 m.kr. | 4.9% |
Hagar hf. | 72.1 m.kr. | 4.7% |
Eimskipafélag Íslands hf. | 68.9 m.kr. | 4.5% |
Reitir fasteignafélag hf. | 67.6 m.kr. | 4.4% |
The objective of the fund is to invest in shares of Icelandic limited companies and limited companies operating in Iceland which are listed on NASDAQ OMX Nordic Iceland, First North market, or another recognized stock exchange or multilateral trading facility.
The fund aims to offer investors the option of investing in funds which invest in companies which have historically paid a dividend or are likely to pay a dividend within 12 months. It is permitted to invest in shares of companies which have temporarily reduced or ceased paying dividends provided that the fund manager considers it likely that dividends will be approved again within two years. The fund’s investments take into account a number of factors, such as companies’ financial status and their efforts to increase dividends and profitability.
Minimum | Maximum | |
|---|---|---|
Equities pursuant to Article 2 (1) | 80% | 100% |
Bills issued pursuant to Article 2 (1) | 0% | 20% |
Deposits of financial institutions | 0% | 10% |
Short-term funds managed by Stefnir | 0% | 20% |
Investing in financial instruments always involves a financial risk, such as the risk that the investment will not generate a return or that the principal amount will be lost. Past returns are not a reliable indicator of future returns. It should be noted that the risk of an investment increased if it is financed using credit and investment returns can fluctuate. The taxation of investments depends on the circumstances of each individual client and can change in the future. Therefore, it is important for investors to investigate themselves how the investment is taxed.
Investors are encouraged to carry out their own checks and analysis, e.g. reading the appropriate information documents and independently assessing such documents before making a decision on a specific investment. The prospectus and key investor information for Undertakings for the Collective Investment in Transferable Securities (UCITS) and alternative investment funds marketed towards the public contain further information on the relevant fund, including risk and whether the fund is classed as a UCITS or an alternative investment fund marketed towards the public. You can read the prospectus and key investor information for each fund on Stefnir’s website by clicking on the name of that fund.This information is provided for information purposes only and it should not be interpreted as advice to make a particular investment or as advice to buy, sell or dispose of in any other way specific financial instruments.
This information is based on sources which Stefnir considers to be reliable, but it cannot be guaranteed that these sources are correct. Stefnir bears no responsibility for decisions or transactions which people may make on the basis of the information set out here.
The fund invests in listed Icelandic stocks that regularly pay dividends or are likely to do so. It is suitable for investors who want to invest in the domestic stock market and receive income through annual dividend payments, and are willing to take on moderate risk. The fund is the only one of its kind in Iceland. The recommended minimum investment period is three years.
