Areca ISLAMIC incomeTRUST Fund

To provide investors with Short to Medium-Term capital preservation# and a regular income (income could be in the form of Units or cash).

Any material changes to the Fund’s objective would require Unit Holders’ approval.

Asset Type - Fixed Income Securities and Islamic Money Market Instruments (other than those classified as Islamic Liquid Assets)

% of the NAV (70%-98% of the NAV of the Fund)

Asset Type - Islamic Liquid Assets

% of the NAV (Minimum 2% of the NAV of the Fund)

Yearly, subject to the availability of realised income.
Unit Holders will have an option to receive income distribution via bank transfer or to re-invest. In the absence of written instructions from a Unit Holder, we shall be entitled to re-invest the income distributed from the Fund in additional Units of the Fund at the NAV per Unit at the end of the distribution day with no entry fee.

NIL

We will pay you within seven (7) Business Days upon receipt of the duly completed original Redemption form. However, for this Fund, it is our general Redemption policy to make payment within three (3) Business Days (T+3 day). Please note that for third party distributors such as IUTA, the Redemption payment could be longer, however it is still within seven (7) Business Days as aforementioned.

Redemption proceeds will be only paid to the principal holder, unless requested by the principal holder to pay to the Jointholder. We do not pay to any third-party.

A cooling-off right will be given to you if you are investing in any unit trust funds 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. The refund for every Unit held following a request by you pursuant to the exercise of a cooling-off right should be the sum of:-

• the NAV per Unit at the point of exercise of the cooling-off right (“market price”), if the NAV per Unit on the day the Units were purchased (“original price”) is higher than the market price; or

• the original price, if the market price is higher than the original price;
together with the charges imposed on the day the units were purchased.

Where the market price is higher than the original price paid by an investor, we may agree to pay the investor the excess amount, provided that such amount is not paid out of the Fund or the assets of the Fund.

A cooling-off right is given to an individual investor except for where such investor is an existing Unit Holder, a staff of the Manager or persons registered with a body approved by the SC to deal in unit trusts.

The moneys to be refunded to you pursuant to the exercise of a cooling-off right will only be paid after we have received cleared funds for the original investment. You must submit the completed Cooling-off form before the cut-off time on any Business Day. We will process your transaction on the next Business Day if we receive your application after the cut-off time.

Unit Holders are permitted to transfer part or all of their Units in the Fund to their immediate family members by completing a Transfer form. However, for the transfer of Units to other investors, it is subject to the discretion of the Manager and the Manager reserve the rights to reject the transfer without assigning any reason. Transfers from corporate accounts to individual accounts are not permitted.

You must submit the completed Transfer form before the cut-off time on any Business Day. We will process your transaction on the next Business Day if we receive your application after the cut-off time. A transfer will be effected subject to the terms and conditions applicable for the Fund.