Areca Strategic Income

Fund Information

Fund Name Areca Strategic Income Fund
Fund Category/Type Wholesale Fund with flexible asset allocation / Income 
Objective of the Fund

The Fund aims to provide combination of income and incidental 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 depending on prevailing economic conditions and market outlook.

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 15 May 2019

 

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 3% of the Net Investment Amount

Third-party distributors: Up to 3% of the Net Investment Amount

Net Investment Amount is the number of units at the NAV per Unit.

Exit Fee

NIL

 

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 3p.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 36 months from the investment date.

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. However, it is our general redemption policy to make payment within the next 3 Business Days from the transaction day for those Units purchased directly through the Manager. (i.e. T+3 days).
Switching Facility Not Available.
Transfer Facility Not available, unless by operations of law or under the provision of the Deed.
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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