Fund Name
Areca Islamic incomeTRUST Fund
Fund Category/Type
Fixed Income (Islamic) / Income
Objective of the Fund
To provide investors with Short to Medium-Term capital preservation and a regular income.
Launch Date
15 March 2023
Asset Allocation
Fixed Income Securities and Islamic Money Market Instruments (other than those classified as Islamic Liquid Assets): 70%-98% of the NAV of the Fund
Islamic Liquid Assets: Minimum 2% of the NAV of the Fund
Performance Benchmark
Maybank’s Islamic 6-month fixed deposit rate.
(Data Maintenance: Updates underway for data accuracy. Some data may not be up to date. Please refer to the attached Fund Documents for current information. Thank you for your patience.)
| Total Return | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|---|---|---|---|---|---|
| MYR | 3.03 | - | - | - | 5.44 |
| Total Return | MYR |
|---|---|
| 1-Year | 3.03 |
| 3-Year | - |
| 5-Year | - |
| 10-Year | - |
| Since Inception | 5.44 |
As of 28 Jan 2025.
Annual Management Fee
Up to 2.00% per annum of the NAV of the Fund.
Annual Trustee Fee
Up to 0.05% per annum of the NAV of the Fund, subject to a minimum fee of RM6,000 per annum.
Entry Fee
Up to 3% of the net investment amount.
Net investment amount is the number of Units at the NAV per Unit.
Performance Fee
The Manager is entitled to a Performance Fee of up to 20% on the net total returns upon redemption or capital distribution, computed on each investor’s account individually.
For avoidance of doubt, the net total returns for each Unit Holder’s account will be calculated by comparing the net investment amount (including entry fee) to redemption or capital distribution value.
Minimum Initial Investment
RM10,000 or such other limit at the Manager’s discretion.
Minimum Additional Investment
RM1,000 or such other limit at the Manager’s discretion.
Minimum Redemption
10,000 Units or such other lower limit at the Manager’s discretion.
Redemption Payment
We will pay you within seven (7) Business Days upon receipt of the duly completed original Redemption form. However, for this Fund, it is our general Redemption policy to make payment within three (3) Business Days (T+3 day).
Cooling Off Rights
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. The refund for every Unit held following a request by you pursuant to the exercise of a cooling-right should be the sum of:
– the NAV per Unit at the point of exercise of the cooling-off right (“market price”), if the NAV per Unit on the day the Units were purchased (“original price”) is higher than the market price; or
– the original price, if the market price is higher than the original price;
together with the charges imposed on the day the units were purchased.
Where the market price is higher than the original price paid by an investor, we may agree to pay the investor the excess amount, provided that such amount is not paid out of the Fund or the assets of the Fund.
A cooling-off right is given to an individual investor except for where such investor is a staff of the Manager and persons registered with a body approved by the SC to deal in unit trusts.
The monies to be refunded to you pursuant to the exercise of a cooling-off right will only be paid after we have received cleared funds for the original investment.
You must submit the completed cooling-off form before the cut-off time on any Business Day. We will process your transaction on the next Business day if we receive your application after the cut-off time.
Relevant information may differ from Fund to Fund. Please refer to the individual Fund’s documents for comprehensive information. In the event of any discrepancies, the Prospectus/Information Memorandum (where applicable) shall prevail.
Prospectus / Information Memorandum
Product Highlights Sheet
Fact Sheet
Annual Report
Interim Report / Quarterly Report
..