The Fund seeks to provide Unit Holders with long‐term capital appreciation.
18 November 2014
Suitable for investors who seek potential capital growth for their investments; have medium‐term to long‐term investment horizon; and have a medium to high risk tolerance.
To meet the Fund’s objective, the Fund will adopt a tactical asset allocation strategy of investing in a diversified portfolio where the Fund may invest up to 100% of the Fund’s NAV in equities, equity‐linked notes, fixed income instruments or money market instruments and deposits with Financial Institutions. At any one time, the asset mix may also comprise all asset classes.
Equity & Equity‐linked notes : 0% to 100% Fixed income instruments* : 0% to 100% Money market instruments and deposits with Financial Institutions : 0% to 100%
Minimum Initial Investment
RM100,000.00 (subject to change at Manager’s discretion)
Minimum Additional Investment
RM50,000.00 (subject to change at Manager’s discretion)
FEES & CHARGES
Sales Charge per Unit
Maximum of 2.0% of NAV per unit* (*Investors may negotiate for a lower sales charge).
Annual Management Fee
1.00 % per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
The Custodian will be entitled to an annual fee (inclusive of local custodian fee but excluding foreign sub-custodian fee) of 0.025% per annum of the NAV of the Fund and 0.04% per annum for the fund accounting fee of assets under management, which will be subjected to a minimum fee of RM1,000 per month.
RM 5.00 per transfer
The fee charged, if any, shall be equivalent to the redemption fee.* *only applicable within (6) months from the date of investment by the Unit Holder.
Performance Fee and Hurdle Value
A Performance Fee with a Hurdle Value of HWM plus 8.0% applies to the Fund. The Hurdle Value for the first Performance Period of the Fund is immediately set at the RM0.50 x 1.08 = RM0.54, RM0.50 (NAV per Unit during Initial Offer Period) being the HWM for the first Performance Period. The Hurdle Value for each subsequent Performance Period is reset at the HWM for the previous Performance Period plus 8.0%. For each Performance Period, the Performance Fee in respect of each Unit will be equal to 20% of the increase in the NAV per Unit over and above the Hurdle Value. Since the Fund is valued each day, the calculation to determine if the Hurdle Value has been exceeded will also be made daily and the Manager is entitled to the Performance Fee for each day that the Hurdle Value is breached. The accrued Performance Fee is realised only at the end of the Performance period.
A redemption fee of 1% of the NAV per Unit redeemed within the first six (6) months from the date of investment by the Unit Holders.