Areca Situational Income Fund

Fund Information

Fund Name Areca Situational Income Fund
Fund Category/Type Wholesale Fixed Income Fund
Objective of the Fund The Fund aims to seek to offer investors regular income* and incidental capital appreciation based on current market investment opportunities.
* income could be in the form of Units or cash.
Launch Date 1 March 2016

 

Fee & Expenses

Annual Management Fee A maximum of 1.50% p.a. of NAV of the Fund.
Annual Trustee Fee 0.04% p.a. of NAV of the Fund, subject to a minimum of RM6,000 per annum.

 

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 cannot redeem any Units within the first 3 years from the Commencement Date of the Fund. You can only redeem up to 20% of your initial investment once a year after 3 years but before the end of fifth year from the Commencement Date with an exit fee of 10% of the redemption amount.
The exit fee will be credited to the Fund.
Transfer Fee NIL

 

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 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/Notice You cannot redeem your Units within the first 3 years from the Commencement Date of the Fund.
You can only redeem up to 20% of your initial investment once a year after 3 years but before the end of fifth year from the Commencement Date with an exit fee of 10% of the redemption amount.
No exit fee will be charged on redemption made after the 5th year from the Commencement Date.
Redemption Payment We will pay you within 10 days upon receipt of the duly completed original redemption form.
Switching Facility Not Available.
Distribution of Income Subject to the availability of 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, 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.

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

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