Fees & Charges

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•	PacificMas Berhad
•	The Pacific Insurance Berhad
•	Pac Lease Sdn Bhd
•	PacificMas Asset Management Sdn Bhd
•	Malaysian Trustees Berhad

•	Service Charge
•	Redemption Charge
•	Annual Management Fee - For All Pacific Mutual's Funds Except Pacific Dynamic Trader Fund
•	Annual Management Fee - For Pacific Dynamic Trader Fund^#
•	Annual Trustee Fee
•	Switching Fee

SERVICE CHARGE

The service charge is a fee levied on the purchase of units of a Fund, and is used to pay for marketing, advertising and distribution expenses of a Fund. The fee is deducted upfront from the purchase amount, leaving only the net amount invested in a Fund. The service charge is calculated based on the NAV per unit of a Fund as at the next valuation point after the original application is received. The following table outlines the maximum rate of service charge to be imposed by all our authorised distributors:

Fund	*Maximum Rate Of Service Charge To Be Imposed By All Our Authorised Distributors^**
Pacific Premier Fund	5.50% of NAV per unit
Pacific Pearl Fund	5.50% of NAV per unit
Pacific Dana Aman	5.50% of NAV per unit
Pacific Millennium Fund	5.50% of NAV per unit
Pacific Recovery Fund	5.50% of NAV per unit
Pacific Income Fund	5.00% of NAV per unit
Pacific Dana Murni	2.00% of NAV per unit
Pacific SELECT Balance Fund	5.00% of NAV per unit
Pacific SELECT Income Fund	2.00% of NAV per unit
Pacific Dividend Fund	5.00% of NAV per unit
Pacific Focus18 Fund	5.50% of NAV per unit
Pacific Cash Fund	No service charge
Pacific Asia Brands Fund	5.50% of NAV per unit
Pacific S&P Global STARS Fund	5.50% of NAV per unit
Pacific AsiaPac Income Fund	5.00% of NAV per unit
Pacific Dana Dividen	5.00% of NAV per unit
Pacific ADVANTAGE GDP Momentum Fund	5.00% of NAV per unit
Pacific Dynamic Trader Fund^#	No service charge

* Despite the maximum service charge disclosed here, investors may negotiate for a lower
service charge.

^ Investors investing under the EPF Members' Investment Scheme will be levied a maximum
service charge of up to 3% of NAV per unit of the respective Fund, as regulated by EPF.

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REDEMPTION CHARGE

There is no redemption charge for all Pacific Mutual's Funds, except Pacific Dynamic Trader Fund. The redemption charge for Pacific Dynamic Trader Fund is 3% of the NAV per unit of the fund if the redemption is made during the Closed Period. Otherwise, there is no redemption charge during the Entry-Exit Window Period.

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ANNUAL MANAGEMENT FEE - FOR ALL PACIFIC MUTUAL'S FUNDS EXCEPT PACIFIC DYNAMIC TRADER FUND

The annual management fee is a fee charged for the ongoing portfolio management and administration of a Fund (e.g. to maintain unitholders' register, proper records of a Fund and to administer the investments). The following table outlines the annual management fees of the respective Funds:

Fund	Annual Management Fee
Pacific Premier Fund	1.50% p.a. of the NAV of the Fund
Pacific Pearl Fund	1.50% p.a. of the NAV of the Fund
Pacific Dana Aman	1.50% p.a. of the NAV of the Fund
Pacific Millennium Fund	1.50% p.a. of the NAV of the Fund
Pacific Recovery Fund	1.50% p.a. of the NAV of the Fund
Pacific Income Fund	1.50% p.a. of the NAV of the Fund
Pacific Dana Murni	1.00% p.a. of the NAV of the Fund
Pacific SELECT Balance Fund	1.50% p.a. of the NAV of the Fund
Pacific SELECT Income Fund	1.50% p.a. of the NAV of the Fund
Pacific Dividend Fund	1.50% p.a. of the NAV of the Fund
Pacific Focus18 Fund	1.50% p.a. of the NAV of the Fund
Pacific Cash Fund	0.50% p.a. of the NAV of the Fund
Pacific Asia Brands Fund	1.50% p.a. of the NAV of the Fund
Pacific S&P Global STARS Fund	1.70% p.a. of the NAV of the Fund
Pacific AsiaPac Income Fund	1.50% p.a. of the NAV of the Fund
Pacific Dana Dividen	1.50% p.a. of the NAV of the Fund
Pacific ADVANTAGE GDP Momentum Fund	1.60% p.a. of the NAV of the Fund

The annual management fee is calculated based on the NAV of the Funds, accrued on a daily basis and is paid out of the respective Funds. The annual management fee is payable on a monthly basis.

Example:

Assuming the NAV of a Fund is RM268,930,000 (before deducting management fee and trustee fee for the day) and with an annual management fee of 1.50% per annum, the management fee for the day would be as follows:

Management fee for the day	=	NAV x Annual Management Fee
		365 days
	=	RM268,930,000 x 1.50%
		365
	=	RM11,051.92

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ANNUAL MANAGEMENT FEE (BASED ON FUND PERFORMANCE) - FOR PACIFIC DYNAMIC TRADER FUND^#

The annual management fee is a fee paid for the investment management of the Fund and only for generating returns that exceed a predetermined hurdle rate.

The annual management fee for Pacific Dynamic Trader Fund is at a rate of 20% on the return of the Fund in excess of a hurdle rate of 5% per annum. This fee is performance based and is calculated and accrued on a daily basis for each financial year of the Fund. The return of the Fund is determined on each business day by taking the NAV per unit on that business day referenced to the NAV per unit as at the start of the financial year. For each business day the return of the Fund exceeds the hurdle rate of 5% per annum pro-rated to that day, a management fee will be accrued. Where applicable, fee accruals will be adjusted on a daily basis, adding to or subtracting from the prior business day's fee accrual. In no situation will fee accrual be negative.

A fee will be payable by the Fund to the Manager only at the end of a financial year of the Fund (Fund Review Date).

Fee Calculation Example

a.	NAV per unit of Fund (IPO or Entry-Exit Window¹)	=	RM1.0000
b.	NAV per unit of Fund (Fund Review Date²)	=	RM1.1000
c.	Hurdle rate of 5% p.a.	=	RM1.0000 x 5% = RM1.0500 (a x 1+5%)
d.	Excess returns over hurdle	=	RM1.1000 - RM1.0500 = RM0.0500 per unit (b - c)
Annual management fee (Assuming 48 million units in circulation)		=	RM0.0500 x 20% x 48,000,000 (d x 20% x units in circulation)
		=	RM480,000 (or 1% of total NAV at the start of the year)

1 -	10 days at start of a financial year, starting from the first business day of the financial year. NAV per unit is fixed.
2 -	Last business day of a financial year.

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ANNUAL TRUSTEE FEE

The annual trustee fee is a fee paid to the Trustee for the custodial management and administration of a Fund's assets (e.g. transaction settlement, custody and administration costs). The following table outlines the annual trustee fees of the respective Funds:

Fund	Annual Trustee Fee
Pacific Premier Fund	0.01% - 0.06% p.a. of the NAV of the Fund calculated on a daily basis (excluding custodian fee of RM25,000 p.a.)
Pacific Pearl Fund	0.055% p.a. of the NAV of the Fund calculated on a daily basis (excluding custodian fee of 0.035% p.a.)
Pacific Dana Aman	0.08% p.a. of the NAV of the Fund calculated on a daily basis
Pacific Millennium Fund	0.08% p.a. of the NAV of the Fund calculated on a daily basis
Pacific Recovery Fund	0.08% p.a. of the NAV of the Fund calculated on a daily basis
Pacific Income Fund	0.10% p.a. of the NAV of the Fund calculated on a daily basis
Pacific Dana Murni	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a.
Pacific SELECT Balance Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a.
Pacific SELECT Income Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a.
Pacific Dividend Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. and maximum of RM400,000 p.a.
Pacific Focus18 Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. and maximum of RM400,000 p.a.
Pacific Cash Fund	0.05% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. and maximum of RM400,000 p.a.
Pacific Asia Brands Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges)
Pacific S&P Global STARS Fund	0.07% p.a. of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). Note that if the Trustee is made the counter party and/or security party for a hedge transaction, an additional 0.03% p.a. of the amount hedge or security value under the hedge, whichever is higher, is payable to the Trustee.
Pacific AsiaPac Income Fund	0.08% p.a. of the NAV of the Fund calculated on a daily basis, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). Note that if the Trustee is made the counter party and/or security party for a hedge transaction, an additional 0.02% p.a. of the amount hedge or security value under the hedge, whichever is higher, is payable to the Trustee.
Pacific Dana Dividen	0.08% p.a. of the NAV of the Fund calculated on a daily basis, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). Note that if the Trustee is made the counter party and/or security party for a hedge transaction, an additional 0.02% p.a. of the amount hedge or security value under the hedge, whichever is higher, is payable to the Trustee.
Pacific ADVANTAGE GDP Momentum Fund	0.08% p.a. of the NAV of the Fund calculated on a daily basis, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). Note that if the Trustee is made the counter party and/or security party for a hedge transaction, an additional 0.02% p.a. of the amount hedge or security value under the hedge, whichever is higher, is payable to the Trustee.
Pacific Dynamic Trader Fund^#	0.08% p.a of the NAV of the Fund calculated and accrued on a daily basis, subject to a minimum of RM18,000 p.a. The annual trustee fee will be waived during Entry-Exit Window Period.

The annual trustee fee is calculated based on the NAV of the Funds at the respective Fund's annual trustee fee rates, calculated on a daily basis and is paid out of the respective Funds. The annual trustee fee is payable on a monthly basis.

Example:

Assuming the NAV of a Fund is RM268,930,000 (before deducting management fee and trustee fee for the day) and with an annual trustee fee of 0.08% per annum, the trustee fee for the day would be calculated as follows:

Trustee fee for the day	=	NAV x Annual Trustee Fee
		365 days
	=	RM268,930,000 x 0.08%
		365
	=	RM589.44

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However, for Pacific Dynamic Trader Fund, the annual trustee fee will be waived during each Entry-Exit Window Period.

Example:

Assuming the NAV of a Fund is RM48,000,000 (before deducting annual management fee and trustee fee for the day) and with an annual trustee fee of 0.08% per annum, the trustee fee for the day would be calculated as follows:

Trustee fee for the day	=	NAV x Annual Trustee Fee x 355/365
		355 days
	=	RM48,000,000 x (0.08% x 355/365)
		355
	=	RM105.21

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SWITCHING FEE

The switching fee is a minimal charge levied on the unitholders for administering the switching transactions and is based on our switching terms and conditions. Charges may vary from one Fund to another. Switching fee is calculated based on the NAV per unit of the target Funds. The following table outlines the switching fees of the respective Funds except Pacific Dynamic Trader Fund where there is no switching facility for the Fund:

Current Fund	Target Fund
Current Fund	Zero-Load Service Charge Fund (Fund with no service charge)	Low-Load Service Charge Fund (Fund with maximum service charge of 2.00% of NAV per unit)	Reduced-Load Service Charge Fund (Fund with maximum service charge of 5.00% of NAV per unit)	Normal-Load Service Charge Fund (Fund with maximum service charge of 5.50% of NAV per unit)
Zero-Load Service Charge Fund: Pacific Cash Fund	N/A	At NAV per unit plus service charge	At NAV per unit plus service charge	At NAV per unit plus service charge
Low-Load Service Charge Fund: Pacific Dana Murni Pacific SELECT Income Fund	Free	Free	2.00% (Free for EPF Plan)	2.00% (Free for EPF Plan)
Reduced-Load Service Charge Fund: Pacific Income Fund Pacific SELECT Balance Fund Pacific Dividend Fund Pacific AsiaPac Income Fund Pacific Dana Dividen Pacific ADVANTAGE GDP Momentum Fund	Free	Free	Free	Free
Normal-Load Service Charge Fund: Pacific Premier Fund Pacific Pearl Fund Pacific Dana Aman Pacific Millennium Fund Pacific Recovery Fund Pacific Focus18 Fund Pacific Asia Brands Fund Pacific S&P Global STARS Fund	Free	Free	Free	Free

Our Institutional Unit Trust Advisers (IUTAs) have specific categories of clients and they may not carry the complete range of Pacific Mutual's Funds. Investments made via our IUTAs may be subject to different terms and conditions, including those for switching between Funds.

^#	For qualified investors only and available for purchase/redemption during the Entry-Exit Window Period i.e. first 10 days of each financial year of the Fund.

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