About the Fund

Investment fund - Assets owned by legal and natural persons by part-ownership and entrusted for management to a management company.

Management Company "Citadele investicijų valdymas" UAB (Citadele Investment Management) has established Citadele Baltijos Juros Valstybiu Investicinis Akciju Fondas (Citadele Baltic Sea Equity Fund) and offers investors to acquire investments units of the fund.

Investment unit - A security evidencing the right of an investment fund participant into a part of the investment fund.

An investor who buys units of an investment fund becomes a participant of the investment fund.

The sole objective for which an investment fund is constituted is collective investment of capital raised through public distribution of investment units in securities and/or other liquid financial assets specified in the Law on Collective Investment Undertakings of the Republic of Lithuania, and which operates on the principle of risk-spreading.

Investment of Citadele Baltic Sea Equity Fund is based on active management of investment portfolio. Here, investment in equity securities (shares) represents the predominating trend.

In order to ensure more stable profitability of the fund's assets, the management company may invest into debt securities (bonds) up to 40% of the net assets value of the fund.

The fund shall invest into securities of the Baltic States (Lithuania, Latvia, Estonia, Denmark, Finland, Norway, Sweden, Germany, Poland, Russia).

A minimum investment amount is LTL 1000.

The fee for distribution of investment fund units shall be calculated by dividing the assets of the fund with the number of investment units and adding the distribution fee.

Distribution fees:

• 2,0 per cent of the invested amount from LTL 1.000,00 to LTL 50.000,00.
• 1,5 per cent of the invested amount from LTL 50.000,00 to LTL 100.000,00.
• 1,0 per cent of the invested amount in excess of LTL 100.000,00.

* Distribution fees are valid from 3 January 2005.

Annual fee to the management company equals to 2 per cent of the average annual net value of the fund.

Investment units may be acquired by signing a simple written investment unit sales-purchase agreement. Distributors of investments units of the fund: "Citadele investicijų valdymas" UAB and Citadele Bankas AB. Investment unit sales-purchase agreement may be signed on weekdays from 9.00 a.m. to 4.00 p.m., on Fridays and holiday eves - from 9.00 a.m. to 3.00 p.m. The time shall be entered in the agreement.

The right of ownership into investment units of the fund shall pass to the holder after payment for the investment units, i.e., latest within 3 working days from signing of the investment unit sales-purchase agreement.

Settlement for the redeemed/repurchased investment units or shares must be effected within 7 days from the request for redemption/repurchase at the price valid on the day of such request.

Investment units shall be redeemed/repurchased upon filing of an application of a particular form by the fund's participant.

Depository chosen by the investment fund is CITADELE BANKAS AB, which safe-keeps the assets of the investment fund and ensures legality of operations with investment units.

Investment unit sales-purchase agreement (109 KB)
Application to redeem/repurchase investment units of the Fund (100 KB)
Rules (234 KB)
Prospectus (197 KB)
Brief prospectus (129 KB)