Areca Astute Assets Fund

Fund Information

Fund Name Areca Astute Assets Fund
Fund Category/Type Wholesale Equity Fund
Objective of the Fund

The Fund aims to provide Medium to Long Term capital growth.

Any material changes to the Fund’s objective would require Unit Holder’s approval.

Investment Strategy

The Fund will invest a maximum of 100% of its NAV in domestic and foreign equities, equity-related securities and collective investment schemes, to achieve its objective. 

The Fund may concentrate its investments wholly in listed or unlisted securities of a company. For instance, the Fund may invest in ordinary or preference share of a single company that have potential for capital growth. 

The Fund may also invest in Units of collective investment schemes and placement of deposits with Financial Institutions. 

The Fund may take a temporary defensive position, which may be inconsistent with the Fund’s investment strategy, in attempting to respond to adverse economic, political or any other market conditions such as changes in interest rate policy and introduction of a new policy which may affect the equity markets. The Fund may reduce its exposure in equities and increase its exposure in deposits or collective investment schemes (including non-equity related unit trust funds). The temporary defensive 

Launch Date 26 March 2019
Asset Allocation

Equities, equity-related securities and collective investment schemes

Up to 100% of its NAV

Performance Benchmark Absolute returns of 7% per annum
Income Distribution and Reinvestment Policy

Incidental, Subject to the availability of distributable income.

In the absence of any instructions, we will, at our discretion, reinvest the income into another unit trust fund as determined by the Manager at the NAV per Unit of the distribution day without any entry fee.

Financial Year End 30 April

Fee & Expenses

Annual Management Fee

Up to 2.50% per annum of the NAV of the Fund.

At the discretion of the the Manager, we may rebate up to 1% of the management fee if the Fund performance at each Performance Period falls below the performance benchmark. 

For avoidance of doubt, any rebates will only be credited into the Fund at the beginning of the subsequent Performance Period; if applicable. Any investor who has redeemed their Units before the rebate shall neither claim nor benefit from the rebate.

Annual Trustee Fee 0.04% per annum of NAV of the Fund, subject to a minimum of RM4,000 per annum.

Charges

This table describes the charges that you may incur when you buy or redeem Units of the Funds.

Entry Fee

Direct investment with Manager: Up to 3% of the Net Investment Amount
Third-party distributors: Up to 3% of the Net Investment Amount
Net Investment Amount is the number of units at the NAV per Unit.

Exit Fee NIL
Transfer Fee Not available, unless by operations of law or under the provision of the Deed.
Switching Fee Not available

Transactions

Minimum Initial Investment RM50,000 or or such other limit as decided by the Manager.
Minimum Additional Investment RM10,000 or or such other limit as decided by the Manager.
Minimum Redemption RM50,000 or 50,000 Units or such other amount as decided by the Manager. However, if the redemption request leaves you with less than 50,000 Units (minimum balance), all the Units in your account will be redeemed automatically.
Minimum Balance 50,000 Units or such other limit at the Manager's discretion.
Redemption Payment We will pay you within 10 days upon receipt of the duly completed original redemption form. However, it is our general redemption policy to make payment within the next 3 Business Days from the transaction day for those Units purchased directly through the Manager. (i.e. T+3 days).

In the event of any discrepancies, the Information Memorandum shall prevail.

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