Landsbref Asset Allocation Fund

Who should invest?

Asset Allocation Fund is a non-UCITS fund providing active allocation. The fund is suitable for individual, companies and institutional investors. The fund is suitable for investors who want to invest in a diversified portfolio with a minimum investment in government-backed securities.

Investment Strategy

The fund invests in the following asset classes both directly and through funds: Government bonds, other bonds og equity. The Fund can have considerable credit risk. The fund does not have a defined duration interval as it invests both in fixed income and equity. Minimum investment in government bonds is 30% and maximum investment in equity is 40%.

Performance

Min: 16.55 Max: 18.83 Start: 17.54 End: 18.53

Investment Policy

Investment categories 8/1/2020 Min Max
Unit shares in investment funds that invest primarily in listed bonds not guaranteed by the National Treasury 22.2% 0% 60%
Listed bonds and money market instruments not guaranteed by the National Treasury 20.1% 0% 60%
Unit shares in foreign UCITS funds and/or foreign ETFs 20.0% 0% 50%
Unit shares in professional investment fund 17.8% 0% 20%
Unit shares in investment funds that invest primarily in equities 14.9% 0% 60%
Equity 3.4% 0% 60%
Bonds and money market instruments issued or guaranteed by the National Treasury 1.8% 0% 60%
Derivatives 0.0% 0% 20%
Cash 0.0% 0% 10%
Listed equities issued in foreign currency (not ISK) 0.0% 0% 60%
Unit shares in UCITS funds that invest primarily in equities 0.0% 0% 60%
Foreign listed bonds 0.0% 0% 50%
Unit shares in UCITS funds that invest primarily in listed bonds not guaranteed by the National Treasury 0.0% 0% 60%
Unit shares in investment funds that invest in deposits and/or bonds and/or money market instruments with a limited duration of 397 days 0.0% 0% 60%
Deposits with financial institutions 0.0% 0% 60%
Unit shares in UCITS funds that invest primarily in bonds and money market instruments issued or guaranteed by the National Treasury, as well as deposits 0.0% 0% 60%

About the Fund

The Fund is an investment fund (non-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). Investors should note that investment funds are less restricted in their investment policy than UCITS according to law. 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. Redemption value of unit shares.

Share Classes
Bloomberg ISIN Min investment Man. fee
LABRAAF IR IS0000020675 5,000 ISK 1.25%

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 6.35% -
Past month 0.43% -
Past 2 months 2.31% -
Past 3 months 4.18% -
Past 6 months 5.72% -
Past year 7.47% 7.47%
Past 2 years 18.32% 8.78%
Past 3 years 13.26% 4.24%
Past 4 years 17.03% 4.01%
Past 5 years 28.14% 5.08%

Information

Registration no. 550811-9950
Fund type Balanced Fund
Legal form Non-UCITS
Inception date November 15, 2011
Domicile Iceland
Net asset value 783.8 m. ISK
Base currency ISK
Fund managers Guðmundur K. Guðmundsson Valgarð Briem
Trading hours 9:30 AM - 1:30 PM GMT
Settlement - Buys 2 bankdays
Settlement - Sells 2 bankdays
Bid-ask spread 1%
Transaction fee 450 ISK
Subscription available Yes
Spread discount for subscribers 100%

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