Holberg Likviditet 20
Holberg Likviditet 20 is a money market fund designed specifically to offer secure, liquid, and highly competitive liquidity management to investors that have a highly conservative risk profile.
The fund is bound by section 5 of the Norwegian Regulations on Minimum Standards of Capital Adequacy for Financial Institutions and Investment Firms of 1990. Thus, the fund may only invest in bonds that weigh 20% when calculating the capital adequacy of the issuer. This ensures that the risk inherent to investing in the fund is minimized. Moreover, it implies investing in Holberg Likviditet 20 is feasible and appropriate for institutions that are themselves bound by capital adequacy requirements.
The management of Holberg Likviditet is headed by senior investment manager Roar Tveit, who has been with Holberg Fondene since 2003. He holds an MBA from Agder University College and Oregon State University. Roar is aided in the management of the fund by Gunnar Torgersen, one of Holberg Fondene’s partners with more than 25 years of experience from the financial and investment management industries. Gunnar holds a degree from Molde University College, and is also a certified interest rate analytic.
| Responsible Portfolio Manager: | Roar Tveit |
| Portfolio Manager: | Gunnar Torgersen |
| Fund start date: | Sept 26, 2002 |
| Min. deposit (single) Min. deposit (savings): |
NOK 10 000 000 - |
| Registration fee: | 0% |
| Redemption fee: | 0% |
| Annual management fee: | 0.15% |
| Investment strategy: | The fund may invest in bank deposits, certificates, and bonds with a duration of less than 1 year. The fund's average duration shall not exceed 0.5 years. The fund may invest in bonds that according to the BIS rules weigh maximum 20% when calculating capital adequacy in financial institutions. Up to 25% of the fund's portfolio may be invested in bonds with floating yield(FRN) without redemption rights, where time to due date is between 1 and 3 years. |
| Benchmark index: | Oslo Børs 3 month state certificate index (ST1X) |
| Classification: | Short money market fund - low credit risk |
| Face value of shares: | NOK 100 |
| Taxes: | The fund's profits in a calendar year are distributed December 31 to share holders and are taxable capital income for share holder. |
| Custodian: | DnB NOR |
| VPS: | Fund shares are registered in Verdipapirsentralen (VPS) |
| Fund bank account: | IBAN: NO35 5202 0579 005 with DnB Nor Swift code: DNBANOKKXXX |
| Fund VPS account: | 05203.1004683 |