Past performance is not a reliable indicator of future performance.
Source: Stefnir hf.
The objective of the Fund is to invest primarily in listed equity of companies active or with operations in the Arctic. The Arctic is defined here as countries which are members of the Arctic Council, i.e. the Kingdom of Denmark (including Greenland and the Faroe Islands), Finland, Norway, Sweden, Iceland, the United States, Canada and Russia. The Fund does not aim to reflect any particular index.
The Fund is an undertaking for collective investments in transferable securities and investments are made in accordance with Stefnir hf.’s policy on responsible investment. The Fund will evaluate Environmental, Social and Governance factors when making investments.
Top 10 positions – 31.05.2026
Position name | Market value | Ratio |
Verisure Plc. | 27.8 m.kr. | 4.3% |
The Descartes Systems Group Inc. | 19.4 m.kr. | 3.0% |
Nokia OYJ - A shs / FI market | 17.9 m.kr. | 2.8% |
Constellation Software Inc. | 17.5 m.kr. | 2.7% |
Alaska Air Group, Inc. | 16.9 m.kr. | 2.6% |
Eik fasteignafélag hf. | 14.9 m.kr. | 2.3% |
DSV A/S | 13.9 m.kr. | 2.1% |
Wartsila Oyj Abp | 13.8 m.kr. | 2.1% |
Embla Medical hf. | 13.7 m.kr. | 2.1% |
Bera hf. | 13.5 m.kr. | 2.1% |
Minimum | Maximum | |
|---|---|---|
Shares admitted to trading on regulated securities markets | 80% | 100% |
Bonds admitted to trading on regulated securities markets | 0% | 20% |
Deposits with financial institutions | 0% | 10% |
Foreign money market funds | 0% | 10% |
Derivatives for position taking | 0% | 25% |
Other financial instruments than those mentioned above | 0% | 10% |
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
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.
Further information on the fund, including more detailed information on the risk inherent in investing in unit shares, can be found in the fund’s prospectus or KID which can be obtained from branches of Arion Bank or viewed here: www.stefnir.is/english/funds/.
The fund invests in companies operating in the Arctic region with a focus on sustainability. It is suitable for investors who want to invest in sustainable companies that meet ESG requirements and are willing to take on medium risk. The recommended minimum investment period is seven years.
