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.


The Manager is deemed authorized to reinvest any distribution amount (in addition Units of the Fund based on the NAV of a Unit on the ex-date without entry fee) for those Unit Holders that do not provide sufficient information on their Maybank account.

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 2% of the amount invested.
Sales agents and third party distributors including IUTA and corporate unit trust adviser ("CUTA"): Up to 4.5% of the amount invested.

Exit Fee Direct investment through the Manager: NIL
Sales agents and third party distributors including IUTA and CUTA: NIL
Transfer Fee NIL
Switching Fee N/A

Transactions

Minimum Initial Investment

Direct investment through Manager: RM50,000 or such other lower amount as decided by the Manager.

Third party distributors including IUTA: RM50,000 or such other lower amount as decided by the distributor.

Minimum Additional Investment

Direct investment through Manager: RM5,000 or such other lower amount as decided by the Manager.

Third party distributors including IUTA: RM5,000 or such other lower amount as decided by the distributor.

Minimum Redemption

Direct investment through the Manager: RM50,000 or such other lower amount as decided by the Manager.

Third party distributors including IUTA: RM50,000 or such other lower amount as decided by the Manager.

You must maintain 50,000 Units or such other lower amount as decided by the Manager in your account. You are required to redeem all your investment if you have less than the minimum balance in the Fund.

Minimum Balance 50,000 Units or such other limit at the Manager's discretion.
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.

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