Series 800 consists of 14 constituent funds from Capital Preservation, Guarantee, Conservative, Stable, Moderate, Dynamic and Aggressive portfolio. It gives your employees more fund choices than any other schemes. This is particularly suitable for large companies because it provides a wide variety of investment choices for each employee.

Members could design your own investment portfolio to better meet your retirement needs. Series 800 is suitable for members with a greater investment knowledge and experience.

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Principal Capital Guaranteed Fund*
Objective	Guarantee the capital value of the contributions and to earn a competitive short-term rate of return.
Investment Portfolio	Invest in an APIF which in turn invests in mainly a portfolio of short duration securities.
Asset Allocation	Debt Securities 0 - 100% Cash & Short-term Investments(e.g.bills and deposits) 0 - 100%
Geographic Allocation	Hong Kong 60 - 100% United States 0 - 40% Europe 0 - 40% Other 0 - 20%
Risk / Return Profile	(Guaranteed Fund)

Principal Long Term Guaranteed Fund**
Objective	Earn a competitive long-term total rate of return, while providing a minimum guaranteed average annual return.
Investment Portfolio	Invest in an APIF which has a balanced investment philosophy and which consists of a portfolio of fixed income and equity securities denominated in US dollars and HK dollars.
Asset Allocation	Equity Securities 20 - 80% Fixed Income Securities 15 - 75% Cash & Short-term Investments(e.g.bills and deposits) 3 - 20%
Geographic Allocation	United States 15 - 100% Hong Kong 0 - 85% Other Asia 0 - 30%
Risk / Return Profile	(Guaranteed Fund)

Principal Capital Preservation Fund***
Objective	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 an APIF which consists of a portfolio of bank deposits, short duration securities and high quality money market instruments denominated in Hong Kong Dollar.
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 Long Term Accumulation Fund
Objective	Earn a competitive long-term total rate of return through investing in a balanced portfolio.
Investment Portfolio	Invest in an APIF, which will in turn invest in two or more APIFs and/or ITCIS.
Asset Allocation	Equity Securities 20 - 80% Fixed Income 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 China Equity Fund
Objective	Achieve capital growth over the long term by investing mainly in China-related equities.
Investment Portfolio	Invest in an APIF which invests primarily in equities issued by companies with exposure in different sectors of economies in People's Republic of China (Mainland China). A majority of the equities will be listed on the Hong Kong Stock Exchange but the fund may also have exposure to stocks listed on other exchanges within the applicable regulatory limits.
Asset Allocation	Equity Securities 70 - 100% Cash & Short-term Investments(e.g.bills and deposits) 0 - 30%
Geographic Allocation	People's Republic of China (Mainland China) 70 - 100% Other countries 0 - 30%
Risk / Return Profile

Principal Hong Kong Equity Fund
Objective	Achieve capital growth over the long-term by investing mainly in Hong Kong equity markets.
Investment Portfolio	Invest in an APIF which invest primarily in listed equities issued by companies established in Hong Kong or by companies whose shares are listed in Hong Kong or listed equities issued by companies which have business in Hong Kong. The fund may hold cash and short-term investments.
Asset Allocation	Equity Securities 70 - 100% Cash & Short-term Investments(e.g.bills and deposits) 0 - 30%
Geographic Allocation	Hong Kong 30 - 100%* China 0 - 50% Others 0 - 30% *Notwithstanding that, at least 70% of the non-cash assets of the fund will be invested in equities listed on the Hong Kong Stock Exchange.
Risk / Return Profile

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:

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 may 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 the units of the fund is effected other than the occurrence of a qualifying event as stated above, the guarantee will be affected. The Guarantor of the capital and the return for this fund is Principal Insurance Company (Hong Kong) Limited.

The guarantee rate of return for amounts contributed to the Fund after 30 September 2004 would be revised. The revised guarantee rate will be the "new applicable rate", which is currently set at 1% p.a. The guaranteed rate of return for amounts which are contributed to the Fund on or before 30 September 2004 remains unchanged (i.e., either 4% or 5% p.a., as applicable)

Special terms and conditions apply regarding how the guarantee operates. Please refer to the principal brochure including the illustrative examples for full details of how the guarantee operates.

If the amount of income and profits derived from the investment of the fund prior to the deduction of asset fee for a particular month exceeds the amount of interest that would be earned under the "prescribed savings rate" , a portion of the asset fee not exceeding the excess may be deducted from the accrued benefits of the member.

However, if for any particular month no portion of asset fee is deducted resulting from being unable to meet the prescribed savings rate, or the amount deducted is less than the actual amount required, the deficiency may be "rolled forward" and deducted from the amount of any excess that may remain from any of the following 12 months after deducting the required asset fee of that month. If the deficiency still remains after the 12-month period, no additional deduction will be allowed thereafter.

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 place of principal business of the issuers and the geographic allocation for debt investments is classified by their currency denomination.

Investment involves risks. The value of the funds may go down as well as up. Please refer to the Principal Brochure  for more details of the Schemes.