Landsbref Government Bond Fund Short Duration

Who should invest?

The fund is especially suitable for investors seeking investment exposure to Icelandic government securities. The average duration of the fund is 1-4 years. Interest rate risk increases in proportion to longer average duration.

Investment Strategy

The fund invests 90-100% in Icelandic government backed securities and 0-10% in deposits. Credit risk is therefore largely limited to the Icelandic state with significantly less risk from deposit institutions. The percentage of indexed securities within the portfolio is on average 25%. The fund's investment strategy is revised at a minimum once a year.

Performance

Min: 16.81 Max: 17.60 Start: 16.81 End: 17.60

Investment Policy

Investment categories 8/1/2020 Min Max
Bonds and money market instruments issued or guaranteed by the National Treasury 99.3% 50% 100%
Deposits 1.3% 0% 50%
Cash 0.0% 0% 10%
Unit shares in investment funds that invest in deposits and/or bonds with a limited duration of 0-1 year 0.0% 0% 20%
Unit shares in mutual funds that invest in deposits and/or bonds with a limited duration of 0-1 year. 0.0% 0% 20%

About the Fund

The Fund is a UCITS operating pursuant to Act No. 128/2011, on UCITS, Investment Funds and Institutional Investor Funds, and is supervised by the Icelandic Financial Supervisory Authority (FME). The Fund is managed by Landsbréf hf., a management company licensed to operate in Iceland and supervised by the FME. Landsbankinn hf. serves as custodian bank for the Fund. Information about taxation is available in the document “Taxation”. Investment in funds always involves risk as the price of units can both increase and decrease due to changes in the value of underlying assets and exchange rate fluctuations where fund assets are in foreign currencies. Past returns are not necessarily an indication of future returns. Investors are advised to acquaint themselves thoroughly with key information and the prospectus of funds prior to investing. The redemption value of the Fund’s units is the market value of its total assets less any debts of the Fund, such as unpaid administrative and management costs, and other costs.

Share Classes
Bloomberg ISIN Min investment Man. fee
LABRGBS IR IS0000019263 5,000 ISK 0.70%

More information

  • Contact us by phone +354 410 4040 | e-mail | Online form
  • Landsbanki - Investments and Pension Services
  • Austurstraeti 11
  • 155 Reykjavik, Iceland

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Nominal Return

Nominal Return 7/31/2020

Period Uppsafn. Ársgr.
YtD 5.45% -
Past month 0.26% -
Past 2 months 0.61% -
Past 3 months 1.69% -
Past 6 months 4.70% -
Past year 6.59% 6.59%
Past 2 years 13.37% 6.48%
Past 3 years 17.90% 5.64%
Past 4 years 24.41% 5.61%
Past 5 years 29.38% 5.29%

Information

Registration no. 640209-9840
Fund type Fixed income fund
Legal form UCITS
Inception date May 20, 2009
Domicile Iceland
Net asset value 3,076.1 m. ISK
Base currency ISK
Fund managers Rósa Björgvinsdóttir Sandra B. Ævarsdóttir
Trading hours 9:30 AM - 2:30 PM GMT
Settlement - Buys 2 bankdays
Settlement - Sells 2 bankdays
Bid-ask spread 0.50%
Transaction fee 450 ISK
Subscription available Yes
Spread discount for subscribers 100%

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