Disclaimer
Principal Global Investors Fund
IMPORTANT INFORMATION
- The Principal Global Investors Funds (the Unit Trust) consists of sub-funds (the Funds) investing in equities, fixed income securities and/or debt securities.
- Some of the Funds may have an exposure to emerging markets. Investments in emerging market economies involves certain considerations which are not normally involved in investments in more developed markets. Such considerations may include, but are not limited to, being subject to higher liquidity and volatility risks, and additional legal, regulatory, political, expropriation, repatriation and foreign exchange risks. As such, these Funds may be considered speculative and carry significant risk.
- In respect of the Funds which have income units, the Manager may, at its discretion, pay the dividends from gross income while charging all or part of these Funds fees and expenses to capital. It will result in an increase in distributable income for the payment of dividends by these Funds, and the dividends are effectively paid out of capital of these Funds. Payment of dividends effectively out of capital amounts to a return or withdrawal of part of an Unitholders original investment or from any capital gains attributable to that original investment. Payment of dividends effectively out of capital of these Funds may result in an immediate reduction of the net asset value per unit of these Funds.
- The investment decision is yours but you should not invest in the Funds unless the intermediary who sells this product to you has advised you that this product is suitable for you and has explained why, including how investing in it would be consistent with your investment objectives.
Principal Life Style Fund
IMPORTANT INFORMATION
- Principal Life Style Fund consists of sub-funds (the Sub-Funds) investing in equities and/or debt securities located in developed markets or in emerging markets.
- Generally, emerging market investments carry higher risks due to risks associated with higher volatility, inadequate liquidity and additional regulatory risks.
- Some of the Sub-Funds may carry significant risks arising from credit, counterparty and liquidity issues through investment in debt securities. Investors may suffer significant loss in the value of their investment in the Sub-Funds when portfolio holdings fall below investment grade or when counterparties default on their obligations.
- Some of the Sub-Funds may have concentrated exposures in one or a select few markets making them riskier than diversified funds.
- The Sub-Funds may invest in financial futures or options for hedging purposes which may involve additional risks including market, counterparty or default risks, exposing the Sub-Funds to losses.
- The investment decision is yours but you should not invest unless the intermediary who sells it to you has advised you that it is suitable for you and explained why, including how buying it would be consistent with your investment objectives.
Principal Prosperity Series
IMPORTANT INFORMATION
- Principal Prosperity Series consists of sub-funds (the Sub-Funds) investing in equities or debt securities located in developed markets or in emerging markets. Such investments carry market, credit, liquidity, currency, regulatory and other associated risks that can cause portfolio values to be very volatile.
- Generally, emerging market investments carry higher risks due to risks associated with higher volatility, inadequate liquidity and additional regulatory risks. As such, the Sub-Funds that predominantly invest into such markets may be considered speculative and they carry significant risk.
- For the Sub-Funds, the use of environmental, social and governance (“ESG”) criteria may affect the Sub-Funds’ investment performance and, as such, the Sub-Funds may perform differently compared to similar funds that do not use such criteria. For instance, ESG criteria used in the Sub-Funds’ investment policy may result in the Sub-Funds forgoing opportunities to buy certain securities when it might otherwise be advantageous to do so, and/or selling securities due to such securities no longer meeting the Sub-Funds’ ESG criteria when it might be disadvantageous to do so. As such, the application of ESG criteria may restrict the ability of the Sub-Funds to acquire or dispose of its investments at a price and time that it wishes to do so, and may therefore result in a loss to the Sub-Funds. The use of ESG criteria may also result in the Sub-Funds being concentrated in companies with a focus on ESG criteria and its value may be more volatile than that of a fund having a more diverse portfolio of investments. The selection of securities may involve the subjective judgement of the Fund Manager’s Delegate or Sub-Delegates. There is also a lack of standardized taxonomy of ESG criteria evaluation methodology and the way in which different funds apply such ESG criteria may vary. The Fund Manager and the Fund Manager’s Delegate or Sub-Delegates’ ESG assessment takeinto account ESG data and research from external data providers, which may be incomplete, inaccurate or unavailable. As a result, there is a risk associated with the assessment of a security or issuer based on such information or data.
- In respect of the Income Class Units, the Fund Manager may at its discretion pay dividend out of gross income while paying all or part of the fees and expenses attributable to the Income Class Units out of the capital of such units, resulting in an increase in distributable income for the payment of dividend by the Income Class Units and therefore, the Sub-Funds may effectively pay dividend out of capital. For Income Plus Class Units, the Fund Manager may pay dividends out of capital. The payment of dividends effectively out of capital or out of capital amounts to a return or withdrawal of part of a Unitholder’s original investment in the Income Class Units or the Income Plus Class Units or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per unit. Dividend is not guaranteed.
- In respect of RMB share classes, RMB is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors’ base currencies (for example HKD) will not depreciate. Any depreciation of RMB could adversely affect the value of investor’s investment in the Sub-Funds. Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors. Under exceptional circumstances, payment of realisation and/or distribution payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.
- Some of the Sub-Funds may carry significant risks arising from credit, counterparty and liquidity issues through investment in high yielding debt securities. Investors may suffer significant loss in the value of their investment in the Sub-Funds when portfolio holdings fall below investment grade or when counterparties default on their obligations.
- Some of the Sub-Funds may have concentrated exposures in one or a select few markets making them riskier than diversified funds.
- The Sub-Funds may invest in financial futures, options or structured investments which may involve additional risks including market, counterparty or default risks, exposing the Sub-Funds to losses.
- The investment decision is yours but you should not invest unless the intermediary who sells it to you has advised you that it is suitable for you and explained why, including how, buying it would be consistent with your investment objectives.
CCB Principal Selected Growth Mixed Asset Fund
IMPORTANT INFORMATION
- CCB Principal Selected Growth Mixed Asset Fund (the “Fund”) is a Mainland fund authorized for public offering in Hong Kong pursuant to Mainland-Hong Kong Mutual Recognition of Funds arrangement (“MRF”).
- The Fund is authorized pursuant to the MRF and is thus subject to risks associated with the MRF arrangement, including those related to quota restrictions, the Fund's failure to meet MRF eligibility requirements, Mainland tax risk and different market practices between Mainland and Hong Kong.
- The Fund invests primarily in securities related to the Mainland market and may be subject to additional concentration risk. Investing in the Mainland market may give rise to different risks including political, policy, tax, economic, foreign exchange, legal, regulatory and liquidity risks. The Fund is subject to risks associated with Mainland equity securities risks such as market risk, volatility risk, risk associated with small-cap/mid-cap companies, liquidity risk, high valuation risk and policy risk.
- The Fund is subject to risks associated with Mainland debt securities such as volatility and liquidity risks, counterparty risk, interest rate risk, downgrading risk, credit rating agency risk, risk associated with urban investment bonds, asset-backed securities, debt securities which are rated BB+ or below by a Mainland credit rating agency or unrated, repurchase and reverse repurchase transactions and RMB currency and conversion risks.
- The Fund is an investment fund. There is no guarantee of the repayment of principal or payment of dividend or distributions. The Manager may in its discretion pay dividends out of capital or pay dividends out of gross income resulting in an increase in distributable income for the payment of dividends by the Fund while charging all or part of the Fund's fees and expenses to the capital of the Fund and therefore the Fund may effectively pay dividends out of capital. Payment of dividends out of capital or effectively out of capital amount to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distribution involving payment of distributions out of or effectively out of the Fund's capital (as the case maybe) may result in an immediate reduction of the net asset value per unit of the Fund.
- Investment involves risk. There is no assurance on investment returns and you may not get back the amount originally invested.
- The investment decision is yours and you should not invest in this Fund unless the intermediary who sells it to you has advised you that it is suitable for you and explained how it is consistent with your investment objectives.
- You should not rely solely on this marketing material when making your investment decision. You should read the offering document of the Fund for further details (including investment policy, risk factors, fees and charges, and fund information).
CCB Principal Dual Income Bond Fund
IMPORTANT INFORMATION
- CCB Principal Dual Income Bond Fund (the “Fund”) is a Mainland fund authorized for public offering in Hong Kong pursuant to Mainland-Hong Kong Mutual Recognition of Funds arrangement (“MRF”).
- The Fund is authorized pursuant to the MRF and is thus subject to risks associated with the MRF arrangement, including those related to quota restrictions, the Fund's failure to meet MRF eligibility requirements, Mainland tax risk and different market practices between Mainland and Hong Kong.
- The Fund invests primarily in securities related to the Mainland market and may be subject to additional concentration risk. Investing in the Mainland market may give rise to different risks including political, policy, tax, economic, foreign exchange, legal, regulatory and liquidity risks.
- The Fund is subject to risks associated with Mainland debt securities such as volatility and liquidity risks, counterparty risk, interest rate risk, downgrading risk, credit rating agency risk, risk associated with urban investment bonds, asset-backed securities, debt securities which are rated BB+ or below by a Mainland credit rating agency or unrated, repurchase and reverse repurchase transactions and RMB currency and conversion risks.
- The Fund is an investment fund. There is no guarantee of the repayment of principal or payment of dividend or distributions. The Manager may in its discretion pay dividends out of capital or pay dividends out of gross income resulting in an increase in distributable income for the payment of dividends by the Fund while charging all or part of the Fund's fees and expenses to the capital of the Fund and therefore the Fund may effectively pay dividends out of capital. Payment of dividends out of capital or effectively out of capital amount to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distribution involving payment of distributions out of or effectively out of the Fund's capital (as the case maybe) may result in an immediate reduction of the net asset value per unit of the Fund.
- Investment involves risk. There is no assurance on investment returns and you may not get back the amount originally invested.
- The investment decision is yours and you should not invest in this Fund unless the intermediary who sells it to you has advised you that it is suitable for you and explained how it is consistent with your investment objectives.
- You should not rely solely on this marketing material when making your investment decision. You should read the offering document of the Fund for further details (including investment policy, risk factors, fees and charges, and fund information).
