Principal Hong Kong
Principal Hong Kong

Fund Chart

    

 

Important Notes:

  1. Principal MPF Scheme Series 600 ("Scheme") is an MPF Scheme.
  2. The Principal Long Term Guaranteed Fund under this Scheme invests solely in an approved pooled investment fund in the form of an insurance policy issued by Principal Insurance Company (Hong Kong) Limited ("Principal"). The guarantee is also provided by Principal. Your investments in the Principal Long Term Guaranteed Fund, if any, are therefore subject to the credit risk of Principal. Please refer to the "Principal Long Term Guaranteed Fund" section of the Principal Brochure of the Scheme for details of the credit risk, guarantee features and guarantee conditions.
  3. Principal, the Guarantor of the Principal Long Term Guaranteed Fund under this Scheme, will only provide a guarantee of capital and a prescribed guarantee rate of return in certain specified circumstances. Please refer to the section "Provision of Guarantee" of the Principal Brochure of the Scheme for details of the guarantee conditions.
  4. Investment in the Principal HK Dollar Savings Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme. Investment in this Fund will be subject to investment risks.
  5. The Principal MPF Conservative Fund under this Scheme is not a guaranteed fund and do not guarantee the repayment of capital. Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction.  This Fund uses method (i) and, therefore, unit prices/net asset value/fund performance quoted have incorporated the impact of fees and charges.
  6. You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you, taking into account your own circumstances. 
  7. In the event that you do not make any investment choices, please be reminded that any contributions made and/or benefits transferred into this Scheme will be invested into the Principal HK Dollar Savings Fund, and such fund may not necessarily be a suitable investment for you.
  8. Investment involves risks. The value of the funds may go up or down. You should not invest in reliance on this marketing material alone. You should read the Principal Brochure of the Scheme for further details (including investment policy, risk factors, fee and charges of the constituent funds).

Principal MPF Scheme Series 600

Principal MPF Scheme Series 600 consists of six constituent funds with different risk/return profiles, offering diversification and flexibility in investment options to your employees.


Risk/Return Spectrum
Low High

 

Low

Moderate

Moderate to High

High

Principal MPF Conservative Fund

Principal HK Dollar Savings Fund

Principal Long Term Guaranteed Fund

Principal Long Term Accumulation Fund

Principal Global Growth Fund

Principal Hang Seng Index Tracking Fund

Latest Fund Information

"APIF" refers to an "Approved Pooled Investment Fund" approved by the Authority pursuant to the MPF Ordinance for investment by provident fund schemes registered under the MPF Ordinance.

"ITCIS refers to Index-Tracking Collective Investment Schemes (as defined in Part 1 of Schedule 1 to the Mandatory Provident Fund Schemes (General) Regulation) approved by the MPFA for investment by provident fund schemes registered under the MPFS Ordinance.

#Risk/Return Profile

Low

Moderate

Moderate to High

High

The classifications of Risk/Return Profile are based on past volatility (i.e. annualized  standard deviation of returns), worst and best two months returns, and the relative risk levels among the funds in the Scheme. Besides, reference was also made to the investment objectives of the respective funds.  

Source of Risk/Return Profile: Principal Asset Management Company (Asia) Limited

Principal Long Term Guaranteed Fund* 
Objective To provide a competitive long-term total rate of return, while providing a minimum guaranteed average annual return over the career of the members.
Investment Portfolio

Invest in an insurance policy Approved Pooled Investment Fund ("Policy APIF") which will in turn invest in two or more Approved Pooled Investment Funds ("APIFs") and/or Approved Index-Tracking Collective Investment Schemes ("ITCIS"). The underlying investments will consist of debt and equity securities which may be denominated in HK dollars, US dollars or other currencies.

 

(Investments in the Policy APIF are subject to the credit risk of Principal)
Asset Allocation
Equity Securities

10 - 55%

Debt Securities

25 - 90%

Cash & Short-term Investments(e.g.bills and deposits)

0 - 20%

Geographic Allocation
United States and Greater China

40- 100%

Other Asia

0 - 50%

Europe

0 - 50%

Other Countries

0 - 50%

Risk / Return Profile#
(Guaranteed Fund)

** Principal Long Term Guaranteed Fund

 

Principal, the Guarantor of the Principal Long Term Guaranteed Fund under this Scheme, will only provide a guarantee of capital and a prescribed guarantee rate of return in certain specified circumstances.  Your investments are subject to the credit risk of Principal. 

 

The guarantee of capital and return will only be offered if the contributions in the fund are withdrawn upon the occurrence of a "qualifying event", which is the receipt by the Trustee of a valid claim of all the accrued benefits of the member upon satisfying any of the following conditions:

(a) Attainment of the normal retirement age or retirement at or after the early retirement age but before the normal retirement age

(b) Total incapacity

(c) Death

(d) Permanent departure from Hong Kong

(e) Claim of small balance 

The above conditions (a) to (e) apply to employee members, self-employed persons and preserved account holders.

(f) Termination of the member's employment (regardless of the reason of termination) and the continuous period for which the member has been investing in the fund up to and including the last date of his employment ("qualifying period") is at least 36 complete months.  The qualifying period in respect of a member will also be re-set to zero if the member (or his personal representative) effects a redemption, switching out or withdrawal of the units of the fund other than upon the occurrence of a qualifying event.  For the avoidance of doubt, condition (f) does not apply to self-employed persons or preserved account holders.

 

If a redemption, switching out or withdrawal of units of the fund is effected by a member other than upon the occurrence of a qualifying event as stated above, the guarantee will be affected and the member's investments in this fund will be subject to market fluctuation and investment risks.  Please refer to the section "Provision of Guarantee" of the Principal Brochure of the Scheme for details of the guarantee conditions.

 


 

Principal MPF Conservative Fund** 
Objective To at least earn a net return equal to the "prescribed savings rate" (which is broadly the average rate of interest on a Hong Kong dollar savings account) determined by the MPFA. 
Investment Portfolio

Invest in a unit trust Approved Pooled Investment Fund ("Unit Trust APIF") which will consist of a portfolio of bank deposits, short duration securities and high quality money market instruments denominated in Hong Kong dollars.

 

 
Asset Allocation
Certificates of Deposit

0 - 95%

Debt Securities

0 - 95%

Cash & Short-term Investments   (e.g.bills and deposits)

0 - 100%

Geographic Allocation

Hong Kong

100%

Risk / Return Profile#

 

** Principal MPF Conservative Fund

 

Principal MPF Conservative Fund under this Scheme is not a guaranteed fund and does not guarantee the repayment of capital. Fees and charges of MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction.  This Fund uses method (i) and, therefore, unit prices/net asset value/fund performance quoted have incorporated the impact of fees and charges.  





Principal HK Dollar Savings Fund 
Objective To earn a competitive short-to-medium term rate of return. 
Investment Portfolio

Invest in a Unit Trust APIF which will invest in a portfoilo of high quality Hong Kong dollar short-to- medium duration debt securities.  The Unit Trust APIF may also hold assets denominated in US dollars or other currencies. 

 

Asset Allocation
Short-to-medium Duration Debt Securities (e.g. certificates of deposits)

60 - 100%

Cash & Short-term Investments
(e.g.bills and deposits)

0 - 40%

Geographic Allocation

Hong Kong

70 - 100%

United States

0 - 30%

Europe

0 - 30%

Others

0 - 20%

Risk / Return Profile#

 

Note:  Investment in the Principal HK Dollar Savings Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme.  Investments in this Fund will be subject to investment risks.





Principal Long Term Accumulation Fund 
Objective To earn a competitive long-term total rate of return through investing in a balanced portfolio. 
Investment Portfolio

Invest in a Unit Trust Policy APIF which will in turn invest in two or more APIFs and/or ITCIS.

 

Asset Allocation
Equity Securities

20 - 80%

Debt Securities

15 - 75%

Cash & Short-term Investments  (e.g.bills and deposits)

0 - 20%

Geographic Allocation

United States

15 - 100%

Asia

0 - 85%

Europe

0 - 30%

Others

0 - 20%

Risk / Return Profile#



Principal Global Growth Fund
Objective To seek long-term growth of capital through investing in a balanced portfolio. 
Investment Portfolio

Invest in a Unit Trust APIF which will in turn invest in two or more APIFs and/or ITCIS. Through these underlying investments, the fund will invest primarily in equities and debt securities of different countries. The fund will normally target a larger allocation to equity investments than debt securities.

 

Asset Allocation
Equity Securities

30 - 90%

Debt Securities

10 - 70%

Cash & Short-term Investments (e.g.bills and deposits)

0 - 30%

Geographic Allocation
Asia  

0 - 75%

South America

0 - 10%

Europe       

0 - 75%

Africa/Middle East

0 - 10%

North America

0 - 80%

Others

0 -  20%

Risk / Return Profile#

 

 

Principal Hang Seng Index Tracking Fund 
Objective To provide investment results that closely correspond to the performance of the Hang Seng Index through investing all or substantially all of the fund's assets in units of The Tracker Fund of Hong Kong. 
Investment Portfolio

Invest in The Tracker Fund of Hong Kong, which will in turn invest all or substantially all of its assets in equity securities listed on the Hong Kong Stock Exchange Limited.  

Asset Allocation
Equity Securities

90 - 100%

Cash & Short-term Investments (e.g.bills and deposits)

0 - 10%

 

Geographic Allocation

Hong Kong

20 - 80%

China

20 - 80%

Risk / Return Profile#

NOTE:

Investors should note that (i) the above ranges of asset and geographic allocations are for indication only and long term allocations may vary with changing market conditions; and (ii) the geographic allocation for equity investments is classified by the principal place of business of the issuers and the geographic allocation for debt investments is classified by their currency denomination.