IRIDIUM FIXED INCOMEAndorra
YTD NAV AUM RISK SCALE REGISTRATION NUMBER:
-0.44% 99,52 2.248.176€ 0154-01 INAF
 
 

IRIDIUM FIXED INCOME SICAV is an investment vehicle for tax optimization that applies a philosophy of portfolio management. Its key features are:

  • Based in the Principality of Andorra.
  • Supervised and regulated by the Institut Nacional Andorrà de Finances (INAF).
  • Aimed at investors with a low risk profile who invest a minimum of 100,000 euros.
  • Exempt from Andorran personal income tax (IRPF).
  • May allow tax deferral to foreign investors, depending on their fiscal residency.
  • No subscription or redemption fees.
SUMMARY SHEET
Legal form: Andorran law SICAV
Registration number: 0154-01 INAF
Investment platforms: Andbank Andorra
Management style: Investment in fixed income and monetary assets
Investment horizon: 4 years
Risk scale:
4/7
Minimum investment: 100,000 euros
Liquidity: Weekly
Manager: Andorra Gestió Agrícol Reig, S.A.U.
Custodian: Andorra Banc Agrícol Reig, S.A.
Delegated asset manager: Fimarge SFI S.A.
Auditor: Alfa Capital Assessors i Auditors S.L.
Reference currency: Euro
Dividends: No
Benchmark: 20% EURIBOR 3M + 60% BLOOMBERG EFFAS BOND INDICES EURO GOVT 1-3 YR TR + 20% BLOOMBERG EFFAS BOND INDICES US GOVT 1-3 YR TR[€]
Date of first NAV: October 21, 2015
NAV frequency: Weekly, every Tuesday if business day in Andorra
Capital guarantee: No
Management fee: 1.05%
Performance fee: 0%
Risk management fee: 0.12%
Subscription fee: 0%
Redemption fee: 0%
 

  • Weekly liquidity.
  • Small and controllable number of assets.
  • Investment in fixed income and monetary assets.
  • Possibility of total or partial divestment of assets.
  • Currency exposure management.
  • Without leverage.
  • Risk level of 3 in a 1-to-7 scale.
  • Competitive fees (1.05%, no success, subscription or reimbursement fees).
  • Exempt from Andorran personal income tax (IRPF).
  • May allow tax deferral to foreign investors, depending on their fiscal residency.

LASTEST DATA

Date NAV (€)
20-11-2017 99.5168
19-11-2017 99.5168
18-11-2017 99.5168
17-11-2017 99.5168
16-11-2017 99.5168
15-11-2017 99.5168
14-11-2017 99.5168
13-11-2017 100.329
12-11-2017 100.329
11-11-2017 100.329

DOCUMENTATION