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 |
Íslandsbanki hf. | 1,679.2 m.kr. | 13.4% |
Kaldalón hf. | 1,128.2 m.kr. | 9.0% |
Orkuveita Reykjavíkur | 981.6 m.kr. | 7.8% |
ST1 hs. | 889.1 m.kr. | 7.1% |
Reitir hf. | 789.4 m.kr. | 6.3% |
Reykjavíkurborg | 769.8 m.kr. | 6.2% |
Arion banki hf. | 726.3 m.kr. | 5.8% |
Alma íbúðafélag hf. | 629.4 m.kr. | 5.0% |
Eik fasteignafélag hf. | 599.0 m.kr. | 4.8% |
Íþaka fasteignir ehf. | 547.9 m.kr. | 4.4% |
Investments in the fund aim to generate returns on a diverse portfolio of listed and unlisted bonds issued by companies, financial institutions and public authorities or other types of bonds. The fund is also authorized to invest in deposits of financial institutions and in institutional investor funds.
The fund is suitable for investors who wish to invest in a diverse portfolio of corporate bonds and who are willing to accept price fluctuations due to changes in the price of underlying assets.
Minimum | Maximum | |
|---|---|---|
Covered bonds issued under Act No. 11/2008 | 0% | 80% |
Asset-backed bonds | 0% | 50% |
Bonds guaranteed by companies | 0% | 100% |
Corporate bonds and bills | 0% | 60% |
Other bonds issued by financial institutions | 0% | 50% |
Bonds issued by municipalities or Municipality Credit Iceland (MCI) | 0% | 50% |
Deposits or bills issued by financial institutions | 0% | 60% |
Other bonds and bills | 0% | 30% |
International bonds | 0% | 20% |
Convertible bonds and equities connected to them | 0% | 10% |
Derivatives | 0% | 20% |
Alternative institutional funds which invest in bonds or other debt instruments | 0% | 20% |
Investments made pursuant to the above in unlisted financial instruments may represent a total of up to 30% of the Fund's total assets, cf. Article 4 (10).
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 corporate and financial institution bonds, both listed and unlisted. It is suitable for those who want stable returns with low risk and are willing to commit their funds for at least two years.
