Fees & Charges

 
Sales Charge  
Annual Management Fee  
Annual Trustee Fee  
Switching Fee  
 



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 by 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:
FundMaximum Rate Of Sales Charge To Be Imposed By Pacific Mutual And Its Authorised Distributors^*
Zero Sales Charge Fund:
Pacific Cash Fund
Pacific Islamic Cash Fund
Pacific Cash Deposit Fund
Pacific OCBC Cash Fund
No sales charge
Low Sales Charge Fund:
Pacific Dana Murni
Pacific SELECT Income Fund
2.00% of the Fund’s NAV per unit

Pacific Emerging Market Bond Fund  3.00% of the Fund's NAV per unit
Reduced Sales Charge Fund:
Pacific Income Fund
Pacific SELECT Balance Fund
Pacific Dividend Fund
Pacific AsiaPac Income Fund
Pacific Dana Dividen
Pacific Dana Imbang
Pacific Asian Income Fund
5.00% of the Fund’s NAV per unit
Normal 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 
Pacific Focus China Fund
Pacific Global A.I.R. Fund
Pacific Dynamic AsiaPac Fund
Pacific ROAR Fund∆ 
5.50% of the Fund’s NAV per unit

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 Funds, as regulated by EPF.


 
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.





Annual Management Fee

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
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
Pacific Dana Imbang
Up to 1.50% p.a. of the NAV of the Fund
Pacific Dana Murni Up to 1.00% p.a. of the NAV of the Fund
Pacific Cash Fund Up to 0.30% p.a. of the NAV of the Fund
Pacific Global Stars Fund
Pacific Dynamic AsiaPac Fund
Up to 1.70% p.a. of the NAV of the Fund
Pacific Focus China Fund
Pacific Asian Income Fund
Up to 1.60% p.a. of the NAV of the Fund
Pacific Islamic Cash Fund 0.30% p.a. of the NAV of the Fund
Pacific Emerging Market Bond Fund∆ 
Pacific Dynamic Global Islamic Fund
1.50% p.a. of the NAV of the Fund
Pacific ROAR Fund 1.75% p.a. of the NAV of the Fund
Pacific Cash Deposit Fund Up to 0.25% p.a. of the NAV of the Fund
Pacific OCBC Cash Fund Up to 0.50% 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.



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:

FundAnnual Trustee Fee
Pacific Premier Fund Up to 0.01% - 0.06% p.a. of the NAV of the Fund (excluding custodian fee of RM25,000 p.a.)
Pacific Pearl Fund Up to 0.055% p.a. of the NAV of the Fund 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
Up to 0.08% p.a. of the NAV of the Fund
Pacific Income Fund Up to 0.10% p.a. of the NAV of the Fund subject to a minimum of RM35,000 p.a.
Pacific Dana Murni
Pacific SELECT Balance Fund
Pacific SELECT Income Fund
Up to 0.07% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. whichever is higher.
Pacific Dividend Fund Up to 0.07% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a.
Pacific Focus18 Fund Up to 0.07% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. and a maximum of RM400,000 p.a. (excluding foreign custodian fees and charges, where applicable)
Pacific Cash Fund Up to 0.05% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. and a maximum of RM400,000 p.a.
Pacific Asia Brands Fund Up to 0.07% p.a of the NAV of the Fund subject to a minimum of RM18,000 p.a. (excluding foreign custodian fees and charges)
Pacific Global Stars Fund Up to .07% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. 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
Up to 0.08% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. (excluding foreign custodian fees 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 Global A.I.R. Fund
Up to 0.08% p.a. of the NAV of the Fund subject to a minimum of RM18,000 p.a. (excluding foreign custodian fees and charges)
Pacific Dynamic AsiaPac Fund Up to 0.06% p.a. of the NAV of the Fund, subject to a minimum of RM18,000 p.a. (excluding foreign custodian fees and charges)
Pacific Dana Imbang Up to 0.03% p.a. of the NAV of the Fund
Pacific Islamic Cash Fund 0.03% p.a. of the NAV of the Fund
Pacific Emerging Market Bond Fund
Pacific Asian Income Fund
0.04% p.a. of the NAV of the Fund, subject to a minimum of RM12,000 p.a. (excluding foreign custodian fee and charges)
Pacific ROAR Fund
Pacific Dynamic Global Islamic Fund
0.06% p.a. of the NAV of the Fund (excluding foreign custodian fees and charges)
Pacific Cash Deposit Fund Up to 0.03% p.a. of the NAV of the Fund
Pacific OCBC Cash Fund Up to 0.02% p.a. of the NAV of the Fund

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.



Switching Fee (not applicable to wholesale funds)


The Manager does not intend to charge any switching fee; however, under certain circumstances, unitholders performing a switching transaction will have to pay the applicable difference in sales charge between the Funds to be switched from and the Fund to be switched into.

Our IUTA may not carry the complete range of Pacific Mutual's Funds. Investment made via our IUTA may be subject to different terms and conditions of the respective IUTA, including those for switching between funds.

For details, please refer to the master prospectus dated 15 November 2016 - pages 68, and 73 to 75.


FEES AND CHARGES QUOTED ARE SUBJECT TO ANY APPLICABLE TAXES (INCLUDING BUT NOT LIMITED TO GST) AND/OR DUTIES AS MAY BE IMPOSED BY THE GOVERNMENT OR OTHER AUTHORITIES FROM TIME TO TIME.



NOTE:
   
∆  This wholesale fund is for sophisticated investors only. A sophisticated investor means any person who comes within any of the categories of investors as set out in Part 1, Schedule 6 and 7 of the Capital Markets and Services Act 2007 ("CMSA"). These would include (but are not limited to) the following:

Accredited investors
1. a unit trust scheme, prescribed investment scheme or private retirement scheme; 
2. a holder of a Capital Markets Services License; 
3. an executive director or a chief executive officer of a holder of a Capital Markets Services License; 
4. a closed end fund approved by the Securities Commission; 
5. a bank licensee or insurance licensee as defined under the Labuan Financial Services and Securities Act 2010;
6. an Islamic bank licensee or takaful licensee as defined under the Labuan Islamic Financial Services And Securities Act 2010;
7. a licensed institution as defined in the Financial Services Act 2013 or an Islamic bank as defined in the Islamic Financial Services Act 2013;
8. an insurance company registered under the Financial Services Act 2013 or a takaful operator registered under the Islamic Financial Services Act 2013; or
9.  Bank Negara Malaysia.

High-net worth entities 
1. a company that is registered as a trust company under the Trust Companies Act 1949 which has assets under management exceeding RM10 million or its equivalent in foreign currencies; 
2.  a corporation that is a public company under the Companies Act 1965 which is approved by the Securities Commission to be a trustee under the CMSA and has assets under management exceeding RM10 million or its equivalent in foreign currencies; 
3.  a corporation with total net assets exceeding RM10 million or its equivalent in foreign currencies based on the last audited accounts; 
4.  a partnership with total net assets exceeding RM10 million or its equivalent in foreign currencies; 
5. a statutory body established by an Act of Parliament or an enactment of any State; or
6. a pension fund approved by the Director General of Inland Revenue under section 150 of the Income Tax Act 1967.

High-net worth individual
1.  an individual –
  a. whose total net personal assets, or total net joint assets with his or her spouse, exceeds RM3 million or its equivalent in foreign currencies, excluding the value of the individual’s primary residence;
  b. who has a gross annual income exceeding RM300,000 or its equivalent in foreign currencies per annum in the preceding 12 months; or
  c. who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or its equivalent in foreign currencies per annum in the preceding 12 months.