Frequently Asked Questions
What is the Fund's benchmark?
The Citadel Value Fund focuses on achieving attractive absolute returns. Furthermore, the Fund doesn't attempt in any way to track or even approximate the composition of any geographic or sector index. Nevertheless, in the longer-term the Fund should outperform stocks generally if it is to add value to its shareholders. Due to its world-wide investment scope, we believe that the most appropriate index to benchmark the Citadel Value Fund against is the MSCI World Index including dividends and denominated in Euro's.
Does the Citadel Value Fund pay dividends?
No. All dividends that the Fund receives are retained and reinvested for its shareholders.
What was the NAV at the end of the year?
December 31st is not always an official NAV calculation date. The estimated NAV per share is:
December 31st 2009: EUR 119.52
December 31st 2008: EUR 87.76
December 31st 2007: EUR 136.76
December 31st 2006: EUR 137.40
December 31st 2005: EUR 125.20
December 31st 2004: EUR 111.78
December 31st 2003: EUR 95.41
December 31st 2002: EUR 81.58
What does it cost to invest in the Citadel Value Fund?
That depends on how an investor chooses to invest. The Fund itself does not charge an upfront sales commission or subscription fee. Investors who subscribe directly by sending a share subscription form to the Fund do not have any significant costs. The only costs which are incurred are the relatively modest bank charges (intra-EU transfer costs were recently lowered) to transfer money from their country of residence to the Fund's account in Luxemburg. Investors who buy shares in the Fund through a broker, will be charged the broker's standard transaction fees. Please also see How to Invest for further details.
What information do I need to subscribe via a broker?
Generally, the name of the fund (Citadel Value Fund SICAV), and the Fund's ISIN code (for private investors: LU0141953439) will suffice. Should your broker require any further information it can contact the Fund's registrar, the European Fund Administration at +352.48.48.80.261. Please also see How to Invest for further details
Where can I find the current share price of the Citadel Value Fund?
The current share price known as the NAV per share can be found on the Fund's website. In Luxembourg it is also published in the Côte Officiele de la Bourse de Luxembourg. It is published on the first and third Tuesday of each month.
How can I stay updated on recent developments at the Fund?
New information is posted regularly on the Fund's website. Investors may also request that they be placed on the Fund's e-mail list. Please see the Contact us section for details. Shareholders who hold registered shares will automatically receive annual & semi-annual reports in the mail, and occasionally other material.
What is the minimum amount that can be invested?
EUR 10,000 per subscription for a private individual.