Katla Fund - Gov­ern­ment Bonds Icelandic

Investing in the fund involves various risks that may affect returns and could lead to the partial or total loss of invested capital. Before investing, investors should carefully review the Prospectus, Fact Sheets, and Key Information Documents, and consider their personal financial and tax situations.

The value of SICAV shares can fluctuate due to market, economic, political, and environmental factors. Key risks include:

• Market & Equity Risk:

The value of shares and other securities may rise or fall as a result of general market fluctuations or changes in the financial performance or future prospects of their issuers.

• Bond & Interest Rate Risk:

Bond values can fall when interest rates rise or when issuers face credit issues.

• Credit & Counterparty Risk:

Issuers or transaction partners may fail to meet obligations.

• Foreign Exchange & Liquidity Risk:

Currency movements and limited market liquidity may impact returns.

• Emerging Market Risk:

Political instability, weak regulations, or unreliable data can increase risk exposure.

• Concentration Risk:

Focused investments in specific sectors, regions, or asset types can heighten volatility.

• Derivative Risk:

Use of financial derivatives can amplify gains or losses and introduce leverage risks.

• UCI & Securities Lending Risk:

Investments through other funds or lending activities can lead to additional fees, liquidity issues, or loss of rights.

• Tax Risk:

Changes in tax laws or withholding taxes may reduce returns.

• ESG-Related Risks:

Applying environmental, social, and governance (ESG) criteria may limit investment opportunities and cause performance differences compared to non-ESG funds.

The information provided here has not been independently reviewed.

Stefnir hf. operates as an alternative investment fund manager pursuant to Act No. 45/2020 on Alternative Investment Fund Managers, and UCITS pursuant to Act No. 116/2021 on Undertakings for Collective Investment in Transferable Securities (UCITS).

Please note that investing in unit shares involves a certain amount of risk. Investments can fall in value or lose all of their value. An alternative investment fund is generally considered to represent a higher risk investment than a UCITS. The greater risk associated with alternative investment funds is a result of its broader investment limits which could result in less risk distribution than in a UCITS.

Funds' investment returns are generally presented as nominal returns. Investment returns on Stefnir's website and promotional material connected to the funds show nominal returns, unless otherwise stated. All returns are calculated in Icelandic krónur, returns may increase of decrease due to currency fluctuation. Stefnir hf. may decide to cease the marketing of the fund in accordance with Article 93a of Directive 2009/65/CE and Article 32a of Directive 2011/61/UE.

Stefnir hf. has divided its funds into seven different categories depending on the standard deviation in weekly returns over the past 5 years. Category 1 is the least volatile, while category 7 is the most volatile. A fund can be moved into a different category if the volatility of the underlying financial instruments changes. The categorization is based on guidelines issued by the European Securities and Markets Authority. Previous returns on investments in funds are no indication of future returns on investments. Categorizing funds according to the volatility of returns does not reflect all risks involved in the funds' investments. For example, the categorization does not take into account possible defaults by the issuers of financial instruments in which the fund has invested, or other risk factors. The categorization of the funds is subject to the above provisos.

Deposits of funds for collective investment are not insured under Act No. 98/1999 on Deposit Guarantees and Investor Compensation Schemes.

Le­gal reme­dies avail­able to cus­tomers

Investors’ rights, including information on the handling of complaints and dispute resolution, can be found under Le­gal reme­dies avail­able to cus­tomers.