Areca Dynamic Growth Fund 5.0
Fund Information
| Fund Name | Areca Dynamic Growth Fund 5.0 |
| 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 securities of a company or Units in a single collective investment scheme that have potential for capital growth. The Fund may also invest in unlisted securities (for instance private equities, pre-IPO securities and convertible securities) and placement of deposits with Financial Institutions.
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| Launch Date | 03 March 2021 |
| Asset Allocation |
Equities, equity-related securities and collective investment schemes Up to 100% of its NAV |
| Performance Benchmark | Absolute returns of 8% 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 | 31 May |
Fee & Expenses
| Annual Management Fee |
Up to 2.00% per annum of the NAV of the Fund. |
| Annual Trustee Fee | 0.07% per annum of NAV of the Fund, (exclude foreign custodian fee, if any). |
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 4% of the Net Investment Amount |
| Exit Fee | NIL |
| Transfer Fee | Not available, unless by operations of law or under the provision of the Deed. |
| Switching Fee | Not available |
| Performance Fee | The Manager is entitled to a Performance Fee of up to 40% on the net total returns upon redemption or capital repayment, computed on each investor’s account individually.
For avoidance of doubt, the net total returns for each Unit Holder’s account will be calculated by comparing the net investment amount (excluding entry fee) to redemption or capital distribution value. |
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). |
| Redemption Restriction |
You will not be able to redeem your Units within the first 24 months or longer from the investment date; subject to the requirement of the underlying investment. Please note that you might not be able to redeem Units if the Fund is not able to dispose its assets and has insufficient cash. |
In the event of any discrepancies, the Information Memorandum shall prevail.
