Funds
Kenanga AUD Alternative Income Fund 3 (AUD)
 

Investment Objective

The Fund seeks to provide income* by investing in the Target Fund.

* Income will be distributed as part of the maturity proceeds at the end of the maturity of the Fund.


Fund Category / Type

Mixed Assets (Feeder) / Income


Investors’ Profile

The Fund is suitable for Sophisticated Investors who:-


·    seek income;

·    have a moderate risk appetite; and

·    have a short-term investment horizon.


Performance Benchmark 

The Fund will be measured against an absolute return benchmark of 5.50% per annum in AUD. This is not a guaranteed return and it is only a measurement of the Fund’s performance. The Fund may or may not achieve 5.50% per annum in AUD but targets to achieve this growth by the Maturity Date.


Asset Allocation


·    Minimum 95% of the NAV to be invested in the Class B Preferred Shares of the Target Fund; and

·    Up to 5% of the NAV to be invested in liquid assets comprising money market instruments and deposits with financial institutions.

 

Entry Fee 
Up to 1.00% of the Offer Price


Management Fee 
Nil


Trustee Fee

Up to 0.03% per annum of the NAV of the Fund. The Trustee Fee is calculated daily and payable monthly


Exit Fee

Nil


Switching Fee

Switching facility is not available for the Fund


Minimum Initial Investment

AUD5,000 or such other amount as the Manager may prescribe from time to time


Minimum Additional Investment

AUD1,000 or such other amount as the Manager may prescribe from time to time


Information about the Target Fund


Name of the Target Fund  
Principis Master Fund SPC - Lucerne Composite Master Fund SP 

Investment Manager of the Target Fund 
Lucerne Asset Management Pte Ltd, Singapore 

Regulatory Authority of the Target Fund 
Cayman Islands Monetary Authority 

Regulatory Authority of the Investment Manager 
Monetary Authority of Singapore


Inception Date of the Target Fund

1 July 2016


Note: 

·    The sales charge is applicable to all classes of units.

·    The risk profile of the Fund is not the same as the risk profile of the performance benchmark.

·    In computing the annual trustee fee, the Net Asset Value (“NAV”) of the Fund should include the trustee fee for the relevant day. 

·    All fees and charges payable to the Manager and the Trustee are subject to the goods and services tax/sales and services tax/other taxes of a similar nature as may be imposed by the government or other authorities from time to time. 


This is for information only. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Units of the Fund are offered solely on the basis of the information contained in the Information Memorandum. Where the Target Fund's past performance is quoted, the past performance of the Target Fund should not be taken as indicative of its future performance. If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.

Kenanga Investors Berhad 199501024358 (353563-P). All rights reserved.
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