Areca Dividend Income Fund
Fund Information
| Fund Name | Areca Dividend Income Fund |
| Fund Category/Type | Equity/Income |
| Objective of the Fund | To provide investors regular income while providing long term capital appreciation. |
| Investment Strategy | The Manager adopts an active investment strategy in managing the Fund and will invest tactically during uncertain times (by changing the equity exposure in the range of 70% and 98%). Focus will be on companies / issuers with sound management practice, resilient business models and, good earning prospects and relative low valuations. The Manager may also invest in growth or recovery stocks which have the potential to adopt a strong dividend payout policy. |
| Launch Date | 15 February 2017 |
| Asset Allocation | The Fund will invest in income-generating securities, including dividend-paying shares, preference shares and other equity-related securities, to achieve its objective. The Fund will invest a maximum of 98% of its NAV(at least 70% locally and a maximum 28% in Asia region), in income-generating securities with a minimum of 2% of its NAV in liquid assets. |
| Performance Benchmark | 1-year Average Returns of the funds under “Equity Malaysia Income” Non-Islamic category. (The Average Returns can also be obtained from the weekly Edge / Lipper Fund Table). |
| Income Distribution and Reinvestment Policy |
The Fund will declare income distribution quarterly subject to the availability of the realized income received. Distributions, after the deduction of taxation and expenses (including bank charges and fee on payment), will be payable via bank transfer to the Maybank account of the Unit Holders. However, the Manager will not make payment of distribution to an account of a Unit Holder for any amount that is less than RM100; instead, it is the policy to automatically reinvest the distribution amount in addition Units of the Fund based on the NAV of a Unit on the ex-date without entry fee.
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| Financial Year End | 30 September |
Fee & Expenses
| Annual Management Fee | Up to 1.90% p.a. of NAV of the Fund |
| Annual Trustee Fee | 0.05% p.a. of NAV of the Fund, subject to a minimum of RM6,000 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 through the Manager #: Up to 1% of the amount invested. Unit Trust Consultants, Third party distributors including IUTA: Up to 3% of the amount invested. # The entry fee payable for investments in a Fund is equivalent to the specified percentage of the NAV per unit of the Fund. |
| Exit Fee | NIL |
| Transfer Fee | N/A |
| Switching Fee | No switching fee is imposed under the VIP switching facility for all switches between the Areca incomeTRUST Fund, Areca equityTRUST Fund and Areca Dividend Income Fund. |
Transactions
| Minimum Initial Investment |
Direct investment through Manager: RM10,000 or such other lower amount as decided by the Manager. Third party distributors including IUTA: RM10,000 or such other lower amount as decided by the distributor. |
| Minimum Additional Investment |
RM1,000 or such other lower amount as decided by the Manager. |
| Minimum Redemption |
RM1,000 or 2,000 Units or such other lower amount as decided by the Manager. However, you are require to redeem all of your investment if you have less than 1,000 Units (minimum balance) in the account. |
| Minimum Balance | 1,000 Units or such other lower amount as decided by the Manager. |
| Redemption Notice/Frequency | Any Business Day. However, you must submit the redemption notice to us before 3.00pm on transaction day (T day) for processing. |
| 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). |
| Cooling Off Right | A cooling-off right is given to you if you are investing in any unit trust fund managed by us for the first time. The cooling-off period given to you is six (6) Business Days commencing from the date of receipt of the investment application by us. Not applicable to corporation or institution, staff of the Manager and persons registered with a body approved by the SC to deal in unit trusts. |
In the event of any discrepancies, the Prospectus shall prevail.
