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| SALES CHARGE |
| The sales 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 sales charge is deducted upfront from the purchase amount, leaving only the net amount invested in a Fund. The sales charge is calculated based on the NAV per unit of a Fund as at the next valuation point after the original application is received and accepted before the cut-off time of 4.00 p.m. on any business day. The following table outlines the maximum sales charge^ to be imposed by our authorised distributors for the respective Funds: |
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| Fund |
Maximum Rate Of Sales Charge To Be Imposed By All Our Authorised Distributors^ |
Zero-Load Sales Charge Fund:
Pacific Cash Fund
Pacific Dynamic Trader Fund
Pacific SELECT Bond Fund
Pacific ELITE Dividend Fund
Pacific ELIT Dana Aman
Pacific ELIT Dana Dividen
Pacific ELIT Islamic AsiaPac Balanced Fund
Pacific ELITE Global Strategic Fund
Pacific ELITE Asia Dividend Fund
Pacific ELITE Emerging Markets Fund
Pacific ELITE China Growth Fund
|
No sales charge |
Low-Load Sales Charge Fund:
Pacific Dana Murni
Pacific SELECT Income Fund
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2.00% of the Fund’s NAV per unit |
Reduced-Load Sales Charge Fund:
Pacific Income Fund
Pacific SELECT Balance Fund
Pacific Dividend Fund
Pacific AsiaPac Income Fund
Pacific Dana Dividen
Pacific ADVANTAGE GDP Momentum Fund
|
5.00% of the Fund’s NAV per unit |
Normal-Load Sales 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 Global Stars Fund
(formerly known as Pacific S&P Global STARS Fund)
Pacific Focus China Fund
Pacific Global A.I.R. Fund
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5.50% of the Fund’s NAV per unit |
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| Despite the maximum sales charge disclosed here, investors may negotiate for a lower sales charge. |
^ Investors investing under the EPF Members' Investment Scheme will be levied a maximum
sales 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 for below Funds: |
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| Fund |
Redemption Charge |
| Pacific Dynamic Trader Fund |
3% of the NAV per unit if the redemption is made during the Closed Period. Otherwise, there is no redemption charge during the Entry-Exit Window Period. |
Pacific ELITE Dividend Fund
Pacific ELIT Dana Aman
Pacific ELIT Dana Dividen
Pacific ELIT Islamic AsiaPac Balanced Fund
Pacific ELITE Global Strategic Fund
Pacific ELITE Asia Dividend Fund
Pacific ELITE Emerging Markets Fund
Pacific ELITE China Growth Fund
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Up to 1.00% of the Fund's NAV per unit if redemption is made within the first three years from the date of investments. |
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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: |
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| Fund |
Annual Management Fee |
Pacific Premier Fund
Pacific Pearl Fund
Pacific Dana Aman
Pacific Millennium Fund
Pacific Recovery Fund
Pacific Income Fund
Pacific SELECT Balance Fund
Pacific SELECT Income Fund
Pacific Dividend Fund
Pacific Focus18 Fund
Pacific Asia Brands Fund
Pacific AsiaPac Income Fund
Pacific Dana Dividen
Pacific Global A.I.R. Fund
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1.50% p.a. of the NAV of the Fund |
| Pacific Dana Murni |
1.00% p.a. of the NAV of the Fund |
Pacific Cash Fund
Pacific SELECT Bond Fund
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0.50% p.a. of the NAV of the Fund |
Pacific Global Stars Fund
(formerly known as Pacific S&P Global STARS Fund) |
1.70% p.a. of the NAV of the Fund |
Pacific Focus China Fund
Pacific ADVANTAGE GDP Momentum Fund
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1.60% p.a. of the NAV of the Fund |
Pacific ELITE Dividend Fund
Pacific ELIT Dana Aman
Pacific ELIT Dana Dividen
Pacific ELIT Islamic AsiaPac Balanced Fund
Pacific ELITE Global Strategic Fund
Pacific ELITE Asia Dividend Fund
Pacific ELITE Emerging Markets Fund
Pacific ELITE China Growth Fund
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2.00% p.a. of the NAV of the Fund (The annual management fee is higher compared to other unit trust Funds primarily on the basis of no sales charge levied on investors) |
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| 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. |
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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 the 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, if any, on the Fund Review Date. |
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| Fee Calculation Example |
| a. |
NAV per unit of Fund (Entry-Exit Window1) |
= |
RM1.0000 |
| b. |
NAV per unit of Fund (Fund Review Date) |
= |
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 |
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| 1 - |
The first 10 calendar days of each financial year of the Fund, starting from the first business day of the financial year. During this period, the NAV per unit of the Fund is fixed. |
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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: |
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| Fund |
Annual Trustee Fee |
| Pacific Premier Fund |
0.01% - 0.06% p.a. of the NAV (excluding custodian fee of RM25,000 p.a.) |
| Pacific Pearl Fund |
0.055% p.a. of the NAV subject to a minimum of RM30,000 p.a. and a maximum of RM110,000 p.a. (excluding custodian fee of 0.035% p.a.) |
Pacific Dana Aman
Pacific Millennium Fund
Pacific Recovery Fund
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0.08% p.a. of the NAV |
| Pacific Income Fund |
0.10% p.a. of the NAV |
Pacific Dana Murni
Pacific SELECT Balance Fund
Pacific SELECT Income Fund
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0.07% p.a. of the NAV subject to a minimum of RM18,000 p.a. |
Pacific Dividend Fund
Pacific Focus18 Fund |
0.07% p.a. of the NAV subject to a minimum of RM18,000 p.a. and a maximum of RM400,000 p.a. (excluding foreign custodian fee and charges, where applicable). |
| Pacific Cash Fund |
0.05% p.a. of the NAV subject to a minimum of RM18,000 p.a. and a maximum of RM400,000 p.a. |
| Pacific Asia Brands Fund |
0.07% p.a of the NAV subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). |
Pacific Global Stars Fund
(formerly known as Pacific S&P Global STARS Fund) |
0.07% p.a. of the NAV 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 hedged or security value under the hedge, whichever is higher, is payable to the Trustee. |
Pacific AsiaPac Income Fund
Pacific Dana Dividen
Pacific ADVANTAGE GDP Momentum Fund
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0.08% p.a. of the NAV 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 hedged or security value under the hedge, whichever is higher, is payable to the Trustee. |
Pacific Focus China Fund
Pacific ELIT Dana Aman
Pacific ELIT Dana Dividen
Pacific ELIT Islamic AsiaPac Balanced Fund
Pacific Global A.I.R. Fund
Pacific ELITE Global Strategic Fund
Pacific ELITE Asia Dividend Fund
Pacific ELITE Emerging Markets Fund
Pacific ELITE China Growth Fund
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0.08% p.a. of the NAV subject to a minimum of RM18,000 p.a. (excluding foreign custodian fee and charges). |
| Pacific Dynamic Trader Fund |
0.08% p.a. of the NAV subject to a minimum of RM18,000 p.a. The annual trustee fee will be waived during each Entry-Exit Window Period. |
| Pacific SELECT Bond Fund |
0.04% p.a. of the NAV of the Fund, subject to a minimum of RM12,000 p.a. |
| Pacific ELITE Dividend Fund |
Up to 0.08% p.a. of the NAV subject to a minimum of RM18,000 p.a. |
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| The annual trustee fee is calculated based on the NAV of the Funds at the respective Fund's annual trustee fee rates, calculated and accrued on a daily basis and is paid out of the respective Funds. The annual trustee fee is payable on a monthly basis. |
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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 for Pacific Cash Fund is calculated based on the net asset value (NAV) per unit plus the sales charge of the target Fund. Switching fee for all other Funds managed by us, except wholesale Funds, 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 and Pacific SELECT Bond Fund where there is no switching facility for the Funds:
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| Current Fund |
Target Fund |
Zero-Load
Sales Charge Fund
(Fund with no sales
charge) |
Low-Load
Sales Charge Fund
(Fund with maximum sales
charge of
2.00% of NAV per unit) |
Reduced-Load
Sales Charge Fund
(Fund with maximum sales
charge of 5.00% of NAV per unit) |
Normal-Load
Sales Charge Fund
(Fund with maximum sales
charge of 5.50% of NAV per unit) |
Zero-Load
Sales Charge Fund:
Pacific Cash Fund |
N/A |
At NAV per unit plus sales charge |
At NAV per unit plus sales charge |
At NAV per unit plus sales charge |
Low-Load
Sales 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
Sales 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
Sales 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 Global Stars Fund
(formerly known as Pacific S&P Global STARS Fund)
Pacific Focus China Fund
Pacific Global A.I.R Fund |
Free |
Free |
Free |
Free |
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| Fund |
Switching Fee |
Pacific ELITE Dividend Fund
Pacific ELIT Dana Aman
Pacific ELIT Dana Dividen
Pacific ELIT Islamic AsiaPac Balanced Fund
Pacific ELITE Global Strategic Fund
Pacific ELITE Asia Dividend Fund
Pacific ELITE Emerging Markets Fund
Pacific ELITE China Growth Fund
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Switching between any ELITE/ELIT Series Funds is free of charge. Unitholders who switch out of these Funds will enter at NAV per unit of the target Fund, provided that the target Fund is one of the ELITE/ELIT Series Funds. |
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| Our IUTA may not carry the complete range of Pacific Mutual's Funds. Investments made via our IUTA may be subject to different terms and conditions of the respective IUTA, including those for switching between Funds. |
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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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