Areca Flexi fixedIncome Fund

Fund Information

Fund Name Areca Flexi fixedIncome Fund
Fund Category/Type Fixed Income/ Income & Growth
Objective of the Fund The Fund aims to provide Qualified Investors with relatively steady income* and moderate capital appreciation over a Short to Medium-Term by investing in Fixed Income Investments.
Launch Date 3 January 2012
Approved Fund Size 1,000,000,000 units
Risk Barometer Low

 

Fee & Expenses

Annual Management Fee Up to 1.25% p.a of the NAV of the Fund
Annual Trustee Fee 0.05 % p.a of the NAV of the Fund. The Manager may bear the trustee fee of up to 0.05%.

 

Charges

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

Entry Fee

Distribution Channels Maximum Rate
Direct Investment through the Management Company

Up to 2% of the amount invested

Third party distributors including appointed Institutional Unit Trust advisers Up to 2% of the amount invested.

Penalty/Exit Fee

Unit Holders will be subjected yo the following penalty/exit fee if liquidation is made within 12 months' from the date of investment.

Distribution Channels Maximum Rate
Direct Investment through the Management Company

Up to 1% of the amount liquidated

Third party distributors including appointed Institutional Unit Trust Advisers Up to 1% of the amount liquidated

* All penalty/exit Fee received will be credited to the Fund.
However, no penalty/exit fee will be imposed after the 12 months' period. The Manager may, at its discretion to waive the exit fee.

Transactions

Minimum Initial Investment RM100,000 or such other limit at the Manager’s discretion.
Minimum Liquidation RM100,000 or 200,000 Units, or such other limit at the Manager’s discretion.
However, if the liquidation request leaves a Unit Holder with less than 50,000 Units (minimum balance), the Unit Holder may be required to make an application for the Manager to liquidate all the Unit Holder’s holding in the Fund.
Minimum Balance 50,000 Units or such other limit at the Manager’s discretion.
Liquidation Restriction/Notice Any Business Day. However, liquidation notice must be submitted before 3.30pm on transaction day (T day) for processing/Unlimited.
Liquidation Payment Payments will be made within 10 days upon receipt by the Manager of the duly completed original liquidation form. However, it is the Manager’s general liquidation policy to make payments within 3 Business Days of the transaction day (T+3 days).
Cooling Off Right Not available for the Fund.
Switching Facility Not available for the Fund.
Distribution of Income Yearly or more frequent, subject to the availability of distributable income.
Income Re-investment policy In the absence of instructions to the contrary from Unit Holder, the Manager is entitled to reinvest the income distributed from the Fund in additional units of that Fund at the NAV per Unit at the end of the distribution day (at ex-distribution price) with no entry fee.
Unclaimed monies Any monies which remain unclaimed after 12 months from the date of payment or any such other period as prescribed by the Unclaimed Moneys Act, 1965 shall be dealt with in accordance with the provisions of the Unclaimed Monies Act.

In the event of any discrepancies, the Prospectus shall prevail.

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