Areca Situational Income 2.0 Fund

Fund Information

Fund Name Areca Situational Income 2.0 Fund
Fund Category/Type Wholesale Fund with flexible asset allocation / Income and Growth
Objective of the Fund

The Fund aims to provide Medium to Long Term combination of income and capital growth.

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

Asset Allocation

Flexible allocation between equity and fixed income.

Performance Benchmark

Maybank’s 12-month fixed deposit rate.

The risk profile of the Fund is different from the risk profile of the performance benchmark. There is no guarantee that the Fund will outperform the performance benchmark.

Launch Date 28 August 2017

 

Fee & Expenses

Annual Management Fee Up to 2.00% p.a. of the NAV of the Fund.
Annual Trustee Fee Up to 0.07% 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

Direct investment with Manager: Up to 4% of the Net Investment Amount

Third-party distributors: Up to 4% 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 RM100,000 payment for investment in the Fund through a third party distributor with an Entry Fee of 4%, your net investment amount is RM95,932.46 (i.e. RM100,000 ÷ [1 + (0.04*1.06)])

Penalty / Exit Fee You will not be able to redeem any Units within 12 months from the Launch Date of the Fund. An exit fee will be imposed on redemption between 12 to 24 months from the Launch Date of the Fund. The exit fee are as follows:

Between 12 to 18 months : 8%
Between 18 to 24 months : 5%

The exit fee will be credited to the Fund
Transfer Fee Not available, unless by operations of law or under the provision of the Deed.
Performance Fee The Manager is entitled to a performance fee of 30% on any excess of aggregate total returns of above the Watermark Return per annum, computed on each investor’s account individually.

 

Transactions

Minimum Initial Investment

Direct investment through the Manager: RM50,000 or such other lower amount as decided by the Manager.

Third party distributors including IUTA: RM50,000 or such other lower amount as decided by the Manager.

Minimum Redemption

The minimum redemption amount is 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.

Redemption notice must be submitted before 3 p.m. We will not process your transaction if we receive your application after the cut-off time. If the transaction date falls on a weekend or holiday, your transaction date will take place on the next Business Day.

Minimum Balance 50,000 Units or such other limit at the Manager's discretion.
Redemption Restriction/Notice

You will not be able to redeem your Units within the first 12 months from the Launch Date of the Fund. After the first 12 months, any redemption between 12 to 24 months is subject to an Exit Fee. You can only redeem once a month on the 15th of each month. If the transaction date falls on a weekend or holiday, your transaction date will take place on the next business day.

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.

Redemption Payment We will pay you within 10 days upon receipt of the duly completed original redemption form.
Switching Facility Not Available.
Cooling-Off Rights Not Available
Distribution of Income Subject to availability of distributable income, the Fund will distribute income at least once a year.
Income Re-investment policy 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.

In the event of any discrepancies, the Information Memorandum shall prevail.

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