Areca Steady fixedIncome Fund
Fund Information
| Fund Name | Areca Steady fixedIncome Fund |
| Fund Category/Type | Wholesale Fixed Income/Income |
| Objective of the Fund | The Fund aims to provide sophisticated investors with a stable stream of consistent income while maintaining capital stability by investing in Fixed Income Investments over medium to long term investment horizon. |
| Launch Date | 11 May 2009 |
Fee & Expenses
| Annual Management Fee | Up to 1.25% p.a of its NAV |
| Annual Trustee Fee | Up to 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 3% of the amount invested. |
| Third party distributors including Appointed Institutional Unit Trust Adviser | Up to 3% of the amount invested. |
Qualified investors may negotiate with the distributor for a lower charges, subject to the respective distribution channel’s decision.
Exit Fee
As a measure to discourage the fluctuation of NAV due to the liquidation of assets to meet repurchase request which could be disruptive to the Fund’s performance, Unitholders will be subjected to the following penalty/ exit fee if liquidation is made within 3 years from the date of investment:
Direct investment with Manager: Up to 5% of the redemption amount
Third-party distributors: Up to 5% of the redemption amount
All exit/penalty fee will be credited to the Fund. However, no exit/ penalty fee will be imposed after the 3 years’ period. The Manager may at its discretion waive the exit/penalty fee.
| Distribution Channels | Maximum Rate |
|---|---|
| Direct Investment through the Management Company |
Up to 5% of the redemption amount. |
| Third party distributors including Appointed Institutional Unit Trust Adviser | Up to 5% of the redemption amount. |
* All penalty/exit Fee received will be credited to the Fund.
However, no penalty/exit fee will be imposed after the 3 years period.
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. |
| Redemption Payment | Payments will be made by 10 days at the latest upon receipt of the duly completed original liquidation form. However, it is the Manager’s general liquidation policy to make payments within the next 3 Business Days (T+3 days). |
| Cooling Off Right | 6 Business Days from the date of application of units – Full refund. Applicable on initial investment by new investors only. Not applicable to a corporation or institutional, a staff of the Manager and persons registered with a body approved by the SC to deal in unit trusts. |
| Switching Facility | Not available for the Fund. |
| Distribution of Income | Yearly or more frequent, subject to the availability of the distributable income. |
| Income Re-investment policy | It is the Manager’s policy to automatically reinvest declared income distribution into additional units in the Fund at the end of the distribution day (at ex-distribution price/NAV) with no entry fee. |
In the event of any discrepancies, the Prospectus shall prevail.
