Areca Flexi fixedIncome Fund
Fund Information
| Fund Name | Areca Flexi fixedIncome Fund |
| Fund Category/Type | Wholesale 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 |
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. |
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
As a measure to discourage fluctuation of NAV due to liquidation of assets to meet redemption request which could be disruptive to the Fund’s performance, Unit Holder will be subjected to a penalty/exit fee of up to 1% of the redemption proceeds if redemption is made within 12 months’ of 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 Redemption | RM100,000 or 100,000 Units, or such other limit at the Manager’s discretion. |
| Minimum Balance | 50,000 Units or such other limit at the Manager’s discretion. |
| RedemptionPayment | 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. |
In the event of any discrepancies, the Prospectus shall prevail.
