About Enwealth Capital

To be eligible to invest in the Enwealth Capital Unit Trust Scheme, the unit holder:

• Must be aged above 18 years. However, parents who wish to open unit trust accounts for minors can do so under their name until the beneficiary comes of age.
• Must not be a resident in any jurisdiction where such an investment would be unlawful.
• Shall satisfy any tax regulations or other relevant legislation where applicable.
• Can also be a legal entity and not necessarily a natural person.

If the investment is to be held in joint name, all investors must conform to the above requirements for eligibility.

• Monthly Statements shall be issued to a unit holder, which shall act as evidence that the title to units held are indeed held by the unit holder.
• Statements shall be issued to unit holders on or before the 10th working day following the end of the month for which statements are due.
• The monthly statements shall be distributed via email addresses provided by the unit holders and updated regularly and formally advised by the Unitholders whenever there is a change in address.
• Where the Unitholder does not provide an email address, the monthly statements shall be forwarded through registered post.

The fees chargeable to each of the funds is 2% p.a.

There will be a 15% withholding tax charge on interest income earned (Kenya).

• Subscriptions for units should be made by completing an application Form and sending it to the Fund Administrator, together with remittance advice evidencing payment for the units or a cheque for the subscription monies.
• All mandatory fields in the application form must be completed otherwise the form will be deemed incomplete.
• Investors should read and sign the declarations outlined in the application form.
• Subscriptions paid by cheque will not be processed until the funds have cleared.
• Investors should be aware that if they pay by cheque, the investor will receive value when the funds are cleared and captured.
• The original of any subscription (Application) form(s) given by fax or by scanned copy on electronic mail should be forwarded to the Fund Administrator. Email instructions will only be valid upon signing an email indemnity form annexed within the application form.
• Subscription applications will be effected on receipt by the Fund Administrator.
• The Fund Administrator and the Trustee shall not be responsible to any investors for any loss resulting from non-receipt of any subscription form(s) sent by facsimile or scanned copy on electronic mail.

• Subscriptions for units will be dealt with on the relevant Dealing Day.
• Dealing Days are each business day (and for this purpose a “business day” is a day on which the banks in Kenya are open for normal banking business, excluding Saturdays, Sundays or public holidays).
• Units in the Enwealth Capital Unit Trust Scheme will be available for issue on each Dealing Day in the manner outlined below.

• The minimum initial investment for the Enwealth Capital Unit Trust Scheme is Kshs 1,000 for a lump-sum investment or Kshs 1,000 per month or as determined by the Fund Administrator from time to time.
• There is no maximum contribution.
• Subsequent investments may be made and additional units will be issued for additional contributions.

• Subscription monies paid by any person other than the applicant will not be accepted unless the Trustee and the Fund Administrator otherwise determine at their absolute discretion.
• The issue price of units of a Fund on a Dealing Day will be calculated by reference to the net asset value per unit of that Fund (the “Valuation Point”) on the close of business the previous Dealing Day.

• An Investor who wants to make regular contributions into the Enwealth Capital Unit Trust Scheme is at liberty to do so.
• The minimum regular contribution is Kshs 1,000 with no maximum.

• Subject to the provisions outlined below, any unit holder may redeem the unit holder’s units on any Dealing Day (Monday – Friday) in whole or in part.
• The Fund Administrator may refuse to accept a request for a partial redemption of units in a Fund if, as a result, the unit holder holds units in a Fund having a value of less than Kshs 100.

• Redemption of units should be made by completing the Redemption Form and sending it by post, or electronic mail (email) to the Fund Administrator.
• The redeeming unit holder(s) must specify in the redemption Form, the name of the Fund, their member number, the number of units to be redeemed and the name(s) of the registered holder(s).
• The Trustee and the Fund Administrator shall not be responsible to a unit holder for any loss resulting from non-receipt of any redemption request sent by or to a wrong email address.
• Notice for redemption should be provided before 9.00 am on a business day to be eligible for that day’s value date and if received after this time will be deemed to be notice received before 9.00 am the following day.
• If at any time during the period from the time at which the redemption price is calculated and the time at which redemption monies are converted out of any other currency into the base currency of the Fund there is a devaluation or depreciation of that currency, the amount payable to any relevant redeeming unit holder may be reduced as the Manager considers appropriate to take account of the effect of that devaluation or depreciation.

Redemption proceeds will not be paid to any redeeming unit holder:

• Unless otherwise agreed by the Fund Administrator and the Trustee, notice shall be provided through writing, or other electronic communication; and
• Where redemption proceeds are to be paid by electronic funds transfer, the signature of the unit holder (or each joint unit holder) has been verified to the satisfaction of the Fund Administrator.

Whereas:

• Unless the Fund Administrator and the Trustee otherwise determine at their absolute discretion, redemption proceeds will be paid to the unit holder only (or to any one or more of the unit holders in the case of joint unit holders).
• Redemption proceeds paid by electronic funds transfer will be paid only to the account of the unit holder (or any one or more of the unit holders in the case of joint unit holders).
• No payment will be made to third parties.
• Subject as mentioned above and as long as relevant account details have been provided, redemption proceeds will be paid in the base currency of the Fund by remittance to the unit holder’s registered bank account held by a bank or a mobile based transfer service, where available.
• The Fund Administrator has no control over how these respective institutions process their transactions.
• The unit holder confirms that funds requested have been credited to their bank account.
• The Fund Administrator will not be held responsible for any bank charges incurred by the unit holder for returned cheques or bounced transactions, electronic funds transfer, if incorrect Bank details were given.
• It is the responsibility of the current account holders to make sure that funds are available to cover any cheques issued.
• The Fund Administrator will not be held responsible for any charges levied by the said institutions for the transactions on the account.
• Unit holders shall be granted one free withdrawal a month to the designated bank account.
• Any additional withdrawal will be subject to a standard withdrawal frequency charge of Kshs 500. The minimum withdrawal is Kshs 100.

A monthly statement will act as evidence of entitlement for the unit holder.