Investment funds

Documents

• Prospectus   Prospectus is prepared for the public offer of the Fund which states the information relating to the Fund at least to the extent provided by legislation and other required or useful information for making an investment decision.
• Key information document   Brief document prepared for public offer of the Fund which states only the basic information relating to the Fund to the extent provided by legislation.
• Factsheet   Brief document which includes some key information of the Fund in short form, including the facts and figures around a particular Fund, for example, Fund managers comments, Fund’s past performance, largest holdings, geographical allocation.

• Semi-annual report   The annual and semi-annual report includes the Fund’s financial statements, statement of investments and statement of transactions fees and commissions and other financial data of the Fund.
• Annual report   The annual and semi-annual report includes the Fund’s financial statements, statement of investments and statement of transactions fees and commissions and other financial data of the Fund.
• Order processing conditions   Information in this document contains usual order processing conditions for the publicly distributed funds.

Fees

• Pricelist of investment funds

  • Further information on payable and paid charges is available from the Bank.
  • If the Bank is obliged to pay taxes, fees, interest, penalties or incur other costs (that are not covered in the Bank’s price list below) for the provision of securities safekeeping and transaction services to the Client, the Bank shall have the right to debit such amounts from the Client’s Current Account without Client consent.

  Account opening

  Effective as of 01.07.2025 Effective as of 01.12.2025

  Securities Account
  Internet bank	free of charge
  Branch office	free of charge

  Account closing

  All securities account types	free of charge

  Account statements

  • Bank account statements available free of charge from internet bank.
  • Statement fees are subject VAT.
  • For accounts opened with Estonian register of securities, account opening statement and statements of holdings and transactions for securities registered with the register are available at daily weekly, monthly, quarterly and annual frequency. Periodic statements are available free of charge at Nasdaq CSD Estonian branch Estonia webpage.

  Bank statements
  Securities account statement of holdings / transactions from branch office	2 €
  Copy of transaction instruction	2 €
  Nasdaq CSD Estonian branch statements	2 €

  Trading of equities, bonds and Exchange Traded Fund (ETF) shares

  • Percentage based trading fees calculated from trade amount, in certain cases transaction fee will be added.
  • Trading fee is charged in trading currency based on the Bank’s exchange rates.
  • Trading via brokerage is subject to the Master Agreement for Financial Transactions. Information on the agreement is available from the Bank.
  • Trading orders transmitted to the Bank can be cancelled until executed.
  • In case the order is not executed in full during a single trading day, the trading fee (including minimum trading fee) for partial order execution is charged in full for each trading day when part of the order is executed.
  • On certain markets, minimum transaction amounts may apply.
  • A stamp duty of 0,5% of transaction amount on buying UK securities and 1% on buying Irish securities is added to the transaction charges. In certain events, a higher rate (1,5%), a bonus rate or tax exemption may apply for UK securities.
  • If purchase transactions are subject to FTT according to local market regulations (e.g. France, Italy, Spain and Hungary), such tax is added to the transaction charges.
  • Exchange traded funds (ETFs) are treated as shares.
  • Trading via Swedbank brokerage on other markets is subject to prior agreement with the Bank.

  Shares and ETF-s	Securities account in internet bank
  Estonia, Latvia, Lithuania	free of charge
  Sweden, Finland, Denmark, Norway, USA, Germany, UK, Canada, Netherlands, France, Belgium, Ireland, Italy, Portugal, Spain, Switzerland, Austria, Poland, Hungary, Czech	0,14%, min 3,90 €

  Shares and ETF-s	Branch office	Via brokerage
  Estonia, Latvia, Lithuania	0,2%, min 50 €	0,2%, min 50 €
  Sweden	0,2%, min 50 €	0,2%, min 500 SEK
  Finland	0,2%, min 50 €	0,2%, min 50 €
  Denmark	0,2%, min 50 €	0,2%, min 400 DKK
  Norway	0,2%, min 50 €	0,2%, min 400 NOK
  USA	0,2%, min 50 €	0,2%, min 50 USD
  Germany	0,2%, min 50 €	0,2%, min 50 €
  UK (London SE)	0,2%, min 50 €	0,2%, min 50 GBP
  UK London International (Russian and other GDRs)	0,2%, min 50 €	0,2%, min 50 USD
  Canada	0,2%, min 50 €	0,2%, min 50 CAD
  Netherlands	0,2%, min 50 €	0,2%, min 50 €
  France	0,2%, min 50 €	0,2%, min 50 €
  Belgium	0,2%, min 50 €	0,2%, min 50 €
  Ireland	0,2%, min 50 €	0,2%, min 50 €
  Italy	0,2%, min 50 €	0,2%, min 50 €
  Portugal	0,2%, min 50 €	0,2%, min 50 €
  Spain	0,2%, min 50 €	0,2%, min 50 €
  Switzerland	0,2%, min 50 €	0,2%, min 50 CHF
  Austria	0,25%, min 50 €	0,25%, min 50 €
  Poland	0,25%, min 50 €	0,25%, min 200 PLN
  Hungary	0,25%, min 50 €	0,25%, min 15000 HUF
  Czech	0,25%, min 50 €	0,25%, min 1300 CZK
  Bulgaria	0,6%, min 50 €	0,6%, min 150 BGN	0,6%, min 75 €

  Bonds	Internet bank	Via brokerage
  Estonia	0,2%, min 3 €	0,2%, min 50 €
  Latvia, Lithuania	-	0,2%, min 50 €
  Trading in bonds in all other applicable markets via Swedbank brokerage	-	0,5%, min 50 €
  Transaction fee (all instruments)	included in trading fee	3€ Baltic markets 4€ other markets

  Transactions with investment fund units

  • Percentage based fees calculated from trade amount.
  • Fund orders submitted to the Bank cannot be cancelled.
  • Fund switch subject to the conditions specified in the fund terms, fee charged only on sell transaction.
  • Foreign fund transaction fee includes standard settlement fees charged by the Bank’s Custodians.
  • Other Estonian funds – subscription and redemption fee may be added subject to fund terms.

  Fond	Subscription	Regular investment	Redemption	Switch
  Swedbank Group funds	free of charge	free of charge	free of charge	free of charge
  Other foreign fixed income funds
  Franklin Templeton funds	0,5% + 7 €	0,5%, min 0,75 €	7 €	7 €
  Funds managed by other management companies	0,5% + 21 €	-	21 €	21 €
  Other foreign equity and mixed funds
  Franklin Templeton funds	1% + 7 €	1%, min 0,75 €	1% + 7 €	7 €
  Funds managed by other management companies	1% + 21 €	-	1% + 21 €	21 €
  Other Estonian funds	1,5 €	0,75 €	5 €	5 €

  Other transactions with Estonian securities and fund units Fees charged from both parties of the transaction.

  Free of payment transaction	4,8 €
  Against payment transaction	3,2 €
  Pledge registration / amendment / appropriation	15 €
  Transfer of pledged securities	30 €
  Pledge release	free of charge

  Other transactions with foreign securities and foreign funds

  • Fees charged from both parties of the transaction.
  • Bank internal transactions are transactions between the securities accounts of the Bank’s clients.
  • Transaction fee includes standard settlement fees charged by the Bank’s Custodians.

  Bank internal transactions	6 €
  Bank external transaction
  Latvia, Lithuania	10 €
  Belgium, Canada, Denmark, Eurobond, Finland, France, Germany, Ireland, Netherlands, Norway, Sweden, UK, USA	15 €
  Austria, Czech Republic, Hungary, Italy, Poland, Portugal, Spain, Switzerland	25 €
  Bulgaria, Russia	45 €
  Foreign funds	45 €

  Other transaction fees Cancellation is allowed if instruction is not yet processed by the Bank.
  Transaction cancellation	Transaction fee for the securities of the respective market
  Other transactions based on bailiff’s instructions	Transaction fee for the securities of the respective market
  Subscription to a new issue / Participating in an offer	Transaction fee for the securities of the respective market

  Monthly Securities Safekeeping Fees

  • Safekeeping fees are subject VAT. VAT exemption applies if client safekeeps only units or shares of investment funds specified in the Investment Funds Act or investment/ exchange traded funds of the EEA member state.
  • Safekeeping fee is calculated based on the portfolio value on the last date of the calendar month. Securities are priced according to month end prices of the Bank’s local agents, market price or nominal value. Bonds are priced at nominal value. Fees are debited on the 20th or later date of the following month from the Client’s current account linked to the securities account.
  • ETF safekeeping fee equals to the safekeeping fee of its trading country.
  • Safekeeping on other countries is subject to prior agreement with the Bank.
  • Other investments: Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, USA, Depositary Receipts, Poland, Czech, Hungary, Bulgaria, Russia, foreign funds

  Swedbank Group funds	free of charge
  Estonia, Latvia, Lithuania	free of charge
  Other investments, equities, bonds
  Up to 100 000 €	free of charge
  From the value above 100 000 €	0,008%, max 8 €
  Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fee.

  Other Services

  • Fees for other services are subject VAT.
  • Tax relief at source / tax reclaim and general meeting services are subject to availability on each specific market.
  • Maintenance fee is charged in addition to monthly securities safekeeping fee. Actual cost amount depends on the costs of service on each specific market.
  • Tax reclaim fee will be debited as soon as the tax reclaim application is submitted by the client. The fee will be debited from clients cash Account which is linked to securities account. The fee will not be refunded in case the application is denied by third parties.

  Mandatory corporate actions	free of charge
  Participation through the bank / representing a client at a general meeting	120 € + actual costs
  Processing of electronic voting instructions at general meeting	50 € + actual costs
  Other corporate action	subject to prior agreement
  Tax reclaim	60 € + actual costs
  Tax relief at source	free of charge