Areca enhancedIncome Fund

Fund Information

Fund Name Areca enhancedINCOME Fund
Fund Category/Type Fixed Income/Income & Growth
Objective of the Fund To provide long term investors with high level of income stream (income could be in the form of Units or cash) and an opportunity for capital appreciation.
Launch Date 30 July 2007

Fee & Expenses

Annual Management Fee 1.40% p.a. of NAV of the Fund.
Annual Trustee Fee 0.08% p.a. of 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 1% of the amount invested.

Third party distributors including Appointed Institutional Unit Trust Adviser Up to 1% of the amount invested.

Investors may negotiate with the distributors for lower charges subject to the respective channels’ decision.

Exit Fee

Distribution Channels Maximum Rate
Direct Investment through the Management Company

Up to 0.50% of the amount liquidated if redemption is made on Units invested for a duration of less than 6 months.

Third party distributors including Appointed Institutional Unit Trust Adviser Up to 0.50% of the amount liquidated if redemption is made on Units invested for a duration of less than 6 months.

The fee would be waived if Units liquidated (including distributions/unit split) have not many any profit/gain.

 

Transactions

Minimum Initial Investment

Direct investment through Manager: RM10,000 or such other lower amount as decided by the Manager.

Third party distributors including IUTA: RM1,000 or such other lower amount as decided by the Manager.

Minimum Additional Investment RM1,000 or such other lower amount as decided by the Manager.
Redemption Notice/Frequency Any Business Day. However, you must submit redemption notice before 3.00p.m on transaction day (T day) for processing.
Cooling Off Right A cooling-off right is given to you if you are investing in any unit trust fund 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. Not applicable to corporation or institution, staff of the Manager and persons registered with a body approved by the SC to deal in unit trusts.
Switching Facility Not Available.
Transfer of Units Unitholders 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.

In the event of any discrepancies, the Prospectus shall prevail.

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