Areca enhancedINCOME
Areca enhancedINCOME Fund Factsheet as at 30 April 2012
Fund Information
| Fund name | Areca enhancedINCOME |
|---|---|
| Fund Category/Type | Fixed Income/Income & Growth |
| Objective of the Fund | To provide long term investors with high level of income stream and an opportunity for capital appreciation. |
| Launch Date | 30 July 2007 |
| Approved Fund Size | 500,000,000 units |
| Risk Barometer | Medium |
Fee & Expenses
| Annual Management Fee | Up to 1.20% p.a. of its NAV. |
|---|---|
| Annual Trustee Fee | 0.08% p.a. of its NAV, subject to a minimum of RM18,000.00 p.a. |
Charges
This table describes the charges that you may incur when you buy or redeem Units of the Fund.
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 Agent | 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 liquidation is made on Units invested for a duration of less than 6 months. |
| Third party distributors including Appointed Institutional Unit Trust Agent | Up to 0.50% of the amount liquidated if liquidation 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 | RM10,000 or such other limit at the Management Company?s discretion. |
|---|---|
| Minimum Additional Investment | RM1,000 or such other limit at the Management Company?s discretion. |
| Liquidation Notice/Frequency | Any Business Day. However, liquidation notice must be submitted before 3.30pm on transaction day (T day) for processing / Unlimited. |
| Cooling Off Right | Within 6 Business Days commencing on the date of receipt of the application for Units by the Manager – Full refund. Applicable for initial investment by investors in any funds managed by the Manager for the first time only. Not applicable to corporation or institution, a staff of the Manager and persons registered with a body approved by the SC to deal in unit trusts. |
| Switching Facility | Not Available. |
| Transfer Facility | Transfer from corporate account to individual account is not allowed. |
In the event of any discrepancies, the Prospectus shall prevail.