The fund is suitable for investors interested in returns based on non-indexed Icelandic government bonds. The fund invests in non-indexed bonds guaranteed by the National Treasury and other non-indexed government-backed receivables. The fund has no stated average duration of assets.
Non-indexed bonds guaranteed by the National Treasury comprise 90-100% of the fund's investments; deposits account for 0-10%. Creditor risk is thus limited to the Icelandic State and deposit-taking institutions.
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.
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Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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