Areca Dynamic Growth Fund
|Fund Name||Areca Dynamic Growth Fund|
|Fund Category/Type||Wholesale Equity Fund / Growth|
|Objective of the Fund||The Fund aims to provide medium to long term capital
The Fund will invest a maximum of 100% of its NAV in domestic and foreign equities and other equity-related securities including unlisted securities, to achieve its objective.
The Fund may concentrate its investments wholly in securities of a company or a single issuer that have potential for capital growth.
The Fund may also invest in collective investment schemes and deposits.
|Launch Date||11 November 2016|
|Asset Allocation||Equities and Equity-related securities
Up to 100% of its NAV
|Performance Benchmark||Absolute return of 10% per annum.|
|Income Distribution and Reinvestment Policy||
Incidental, subject to the availability of income.
In the absence of any instructions, we will, at our discretion, pay any income distributed by the Fund to you, or reinvest the income in additional Units at the NAV per Unit of the distribution day without any Entry Fee.
|Financial Year End||31 March|
Fee & Expenses
|Annual Management Fee||Up to 1.50% per annum of NAV of the Fund|
|Annual Trustee Fee||0.04% per annum of NAV of the Fund, subject to a minimum of RM6,000 per annum.|
This table describes the charges that you may incur when you buy or redeem Units of the Funds.
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. Please note that the entry fee is subject to 6% GST. If you make a RM500,000 payment for investment in the Fund with an entry fee of 3%, your net investment amount is RM484,590.04 (i.e. RM500,000 ÷ [1 + (0.03*1.06)]).
|Exit Fee||1% of your realised profit upon redemption|
|Transfer Fee||Not Applicable|
|Switching Fee||Not Applicable|
|Minimum Initial Investment||RM500,000 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||RM100,000 or 100,000 Units or such other amount as decided by the Manager. However, if the redemption request leaves you with less than 100,000 Units (minimum balance), all the Units in your account will be redeemed automatically.|
|Minimum Balance||100,000 Units or such other limit at the Manager's discretion.|
|Redemption Restriction||Redemption is restricted to the first Business Day of the week.|
|Redemption Payment||We will pay you within 10 days upon receipt of the duly completed original Redemption form.|
|Redemption within IOP||You may request a full refund on your investments together with entry fee and not subject to any exit fee during IOP (You may incur other direct cost such as bank charges).|
|Switching Facility||Not Available|
|Transfer Facility||Not available, unless by operations of law or under the
provision of the Deed.
In the event of any discrepancies, the Information Memorandum shall prevail.