Citadel Salone Fund – Mutual Fund
The Fund shall invest in Treasury Bills issued by the Bank of Sierra Leone as well as other money market securities such as bank fixed deposits, commercial papers, etc with maturities not exceeding 1 year.
- Capital Preservation
- Growth
- High Liquidity
Le2.00 per share
Fifty (50) shares and thereafter in multiples of a share during the Offer period.
Le100.00
- Up to 60% Treasury Bills
- 20% – 50% Fixed Deposit
- Up to 30% Commercial Paper
- 5% Cash
91-day Treasury Bill Rate plus 1%
CAM – approved by the Bank of Sierra Leone as the first Fund Manager
The manager shall receive a management fee of 2.5% per annum of the Fund’s average daily net assets value.
No dividends shall be paid out to investors. All net investment income and realized capital gain, if any, will be reinvested and will reflect on the share price which is calculated daily. Any investor who wishes to cash out his/her investment may redeem their shares.
Shares can be redeemed by applying in person at the offices of the Manager on every business day except on public and statutory holidays.
No redemption charges apply after 180 days.
A fee of 1% applies to redemption requests within 180 days of investment.
The base currency of the Fund is the Leone.
FirstBank
- Dr Anyaso Nduka
- Tunji Kareem
The Fund is registered as a mutual fund company in Sierra Leone by the Office of the Administrator and Registrar General (ORAG)
The Fund is authorized as a Collective Investment Scheme by the Bank of Sierra Leone.