Fund Name
Areca Progressive Income Fund
Fund Category/Type
Wholesale Fund with flexible asset allocation / Income and Growth
Objective of the Fund
The Fund aims to provide Medium to Long Term combination of income and capital growth.
Launch Date
28 February 2018
Asset Allocation
Flexible allocation between equity and fixed income.
Performance Benchmark
Maybank’s 12-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 | 0.03 | 9.72 | 27.83 | - | 45.37 |
| Total Return | MYR |
|---|---|
| 1-Year | 0.03 |
| 3-Year | 9.72 |
| 5-Year | 27.83 |
| 10-Year | - |
| Since Inception | 45.37 |
As of 28 Jan 2025.
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.
Entry Fee
Direct investment with Manager: Up to 4% of the Net Investment Amount.
Third-party distributors: Up to 4% of the Net Investment Amount.
Net Investment Amount is the number of units at the NAV per Unit.
Exit Fee
You will not be able to redeem any Units within 24 months from the Launch Date of the Fund. An exit fee will be imposed on redemption between 24 to 36 months from the Launch Date of the Fund. The exit fee are as follows:
Between 24 to 30 months : 8%
Between 30 to 36 months : 5%
The exit fee will be credited to the Fund.
This table describes the charges that you may incur when you buy or redeem Units of the Funds.
Minimum Initial Investment
RM50,000 or such other lower amount as decided by the Manager.
Minimum Additional Investment
RM10,000 or such other limit at the Manager’s discretion.
Minimum Redemption
RM50,000 or 50,000 Units or such other amount as decided by the Manager.
Redemption Restriction/Notice
You will not be able to redeem your Units within the first 24 months from the Launch Date of the Fund. After the first 24 months, any redemption between 24 to 36 months is subject to an Exit Fee. You can only redeem once a month on the 15th of each month. If the transaction date falls on a weekend or holiday, your transaction date will take place on the next business day.
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.
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
..