Principal Asia Pacific High Dividend Equity Fund

Important Notes

  • The Principal Asia Pacific High Dividend Equity Fund (“Fund”) will invest in a diversified portfolio of listed securities in the Asia Pacific region, including but not limited to the following countries: Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan and Thailand. Principal Asset Management Company (Asia) Limited (“Manager”) will focus on companies which demonstrate strong corporate fundamentals and offer the potential for superior dividend yields. The Fund may also on an ancillary basis from time to time hold cash, deposits and instruments with floating or fixed rates such as certificates of deposits, bankers’ acceptances and commercial paper.
  • The Fund invests in equities located in developed markets and in emerging markets. Such investments carry market, credit, liquidity, currency, regulatory and other associated risks that can cause portfolio values to be very volatile.
  • For Income Class Units of the Fund, dividend is not guaranteed. The 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 dividends by the Income Class Units and therefore, the Sub-Fund may effectively pay dividend paid out of capital. Payment of dividend effectively out of capital amounts to a return or withdrawal of part of the investor’s original investment in the Income Class Units or from any capital gains attributable to that original investment. Any distributions involving payment of dividends effectively out of the capital of the Income Class Units may result in an immediate reduction of its net asset value per Unit.
  • 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 Explanatory Memorandum of Principal Prosperity Series for further details (including investment policy, risk factors, fees and charges, and fund information).
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Consistent Outperformance

The Fund has shown outstanding performance over the past 16 years (2nd quartile ranking in YTD, 1st quartile ranking in 3 years, 5 years, 7 years, 10 years and since inception)

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Potential for Yielding Opportunity

Distribution Yield – Average annualized dividend rate for the past 16 years 3.6%.

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Overweight Small Caps that Outperform Continuously

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Stock Selection Criteria

A performing, well-diversified portfolio with about 100 securities, encompassing dividend-paying large-caps and high-growth potential mid-to-small caps.

Source: please refer to the sales flyer in download section.

NAV ^
31.9 USD
Daily Change
0.15%
Valuation Date (DD/MM/YYYY)
02/02/2023

^ The unit price of the fund is calculated on net asset value.

Investment Objective:

The primary investment objective of Principal Asia Pacific High Dividend Equity Fund is to achieve high current income through investing in a diversified portfolio of listed securities in the Asia Pacific region, including but not limited to the following countries: Australia, China, Hong Kong, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan and Thailand.

Investment Policy:

The Manager does not currently intend to invest in Japan but may do so in the future if suitable investment opportunities arise. The Manager will focus on companies which demonstrate strong corporate fundamentals and offer the potential for superior dividend yields. The Principal Asia Pacific High Dividend Equity Fund will also seek to achieve capital appreciation with relatively moderate to high volatility commensurate with investing in equities. The Principal Asia Pacific High Dividend Equity Fund may also on an ancillary basis from time to time hold cash, deposits and instruments with floating or fixed rates such as certificates of deposits, bankers’ acceptances and commercial paper. For details please refer to Explanatory Memorandum.

  • Series Name

    Principal Prosperity Series

  • Fund Name

    Principal Asia Pacific High Dividend Equity Fund

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    USD

  • Fund Size

    USD122.77 million As of 30/11/2022

  • 3 years annualized volatility1

    20.40 As of 30/11/2022

  • Management Fees

    1.40% pa

  • Investment Manager

    Donghui (David) Han, Alan Xi Wang

  • Launch Date (DD/MM/YYYY)

    13/12/2002

  • Ongoing charges over a year2

    1.59%

  1. The 3 Years Annualized Volatility shows the risk of a constituent fund and is calculated as an annualized standard deviation based on the monthly rates of return of the constituent fund over the past three years. However, it is not required to indicate the 3 Years Annualized Volatility if the period between the reporting date of the website and the inception date for the fund is less than 3 years.
  2. The ongoing charges figure is based on expenses for the year ended 30 June 2021. This figure may vary from year to year.

Cumulative Return ¹ (%)

  As of (DD/MM/YYYY) 1 Month 3 Months Year To Date 1 Year 3 Years 5 Years Since Launch
Fund 30/11/2022 15.1 -0.4 -19.3 -18.4 2.6 -1.5 484.9
Index 30/11/2022 17.6 -1.5 -17.1 -15.5 4.3 4.3 453.8

Calendar Year Return ¹ (%)

  As of (DD/MM/YYYY) Year To Date 2021 2020 2019 2018 2017
Fund 30/11/2022 -19.3 -4.5 26.3 17.4 -15.9 36.3
Index 30/11/2022 -17.1 -2.9 22.4 19.2 -13.9 37

For further details, please refer to the Fund Fact Sheet.
Dividend Period End Date Dividend per unit Dividend paid out of net distributable income for the period Dividend effectively paid out of capital
29/01/2016 USD 0.085 18% 82%
29/02/2016 USD 0.07 43% 57%
31/03/2016 USD 0.06 33% 67%
29/04/2016 USD 0.05 20% 80%
31/05/2016 USD 0.08 62% 38%
30/06/2016 USD 0.15 73% 27%
29/07/2016 USD 0.04 0% 100%
31/08/2016 USD 0.04 25% 75%
30/09/2016 USD 0.06 50% 50%
31/10/2016 USD 0.06 33% 67%
30/11/2016 USD 0.06 33% 67%
30/12/2016 USD 0.04 0% 100%
27/01/2017 USD 0.04 0% 100%
28/02/2017 USD 0.02 0% 100%
31/03/2017 USD 0.08 38% 62%
28/04/2017 USD 0.04 0% 100%
31/05/2017 USD 0.12 58% 42%
30/06/2017 USD 0.13 69% 31%
31/07/2017 USD 0.06 50% 50%
31/08/2017 USD 0.09 56% 44%
29/09/2017 USD 0.07 43% 57%
31/10/2017 USD 0.05 20% 80%
30/11/2017 USD 0.07 29% 71%
29/12/2017 USD 0.05 0% 100%
31/01/2018 USD 0.05 0% 100%
28/02/2018 USD 0.08 25% 75%
29/03/2018 USD 0.07 29% 71%
30/04/2018 USD 0.05 0% 100%
31/05/2018 USD 0.20 70% 30%
29/06/2018 USD 0.13 62% 38%
31/07/2018 USD 0.09 67% 33%
31/08/2018 USD 0.09 56% 44%
28/09/2018 USD 0.09 56% 44%
31/10/2018 USD 0.05 20% 80%
30/11/2018 USD 0.05 20% 80%
31/12/2018 USD 0.05 0% 100%
31/01/2019 USD 0.06 0% 100%
28/02/2019 USD 0.05 20% 80%
29/03/2019 USD 0.06 17% 83%
30/04/2019 USD 0.06 0% 100%
31/05/2019 USD 0.16 62% 38%
28/06/2019 USD 0.10 50% 50%
31/07/2019 USD 0.07 57% 43%
30/08/2019 USD 0.07 57% 43%
30/09/2019 USD 0.05 57% 43%
31/10/2019 USD 0.05 0% 100%
29/11/2019 USD 0.05 0% 100%
31/12/2019 USD 0.04 0% 100%
31/01/2020 USD 0.04 0% 100%
28/02/2020 USD 0.04 0% 100%
31/03/2020 USD 0.06 17% 83%
29/04/2020 USD 0.05 0% 100%
29/05/2020 USD 0.06 33% 67%
30/06/2020 USD 0.11 45% 55%
31/07/2020 USD 0.05 40% 60%
31/08/2020 USD 0.04 0% 100%
30/09/2020 USD 0.05 20% 80%
31/10/2020 USD 0.04 0% 100%
30/11/2020 USD 0.04 0% 100%
31/12/2020 USD 0.02 0% 100%
29/01/2021 USD 0.05 0% 100%
26/02/2021 USD 0.03 0% 100%
31/03/2021 USD 0.06 0% 100%
30/04/2021 USD 0.06 0% 100%
31/05/2021 USD 0.09 11% 89%
30/06/2021 USD 0.09 11% 89%
30/07/2021 USD 0.03 0% 100%
31/08/2021 USD 0.06 0% 100%
30/09/2021 USD 0.06 17% 83%
31/10/2021 USD 0.02 0% 100%
30/11/2021 USD 0.03 0% 100%
31/12/2021 USD 0.02 0% 100%
31/01/2022 USD 0.02 0% 100%
28/02/2022 USD 0.03 0% 100%
31/03/2022 USD 0.05 0% 100%
29/04/2022 USD 0.03 0% 100%
31/05/2022 USD 0.08 0% 100%
30/06/2022 USD 0.14 0% 100%
29/07/2022 USD 0.04 0% 100%
31/08/2022 USD 0.04 0% 100%
30/09/2022 USD 0.13 0% 100%
31/10/2022 USD 0.12 18% 82%
30/11/2022 USD 0.14 17% 83%
30/12/2022 USD 0.15 0% 100%
31/01/2023 USD 0.01 0% 100%

Dividend, if declared, will be paid on a monthly basis. If the dividend is below US$100, it will be reinvested.

There is no guarantee that dividends will be paid or that there will be a target level of dividend payments for the Income Class Units of the fund. The level and frequency of the dividends paid by the Income Class Units of the fund does not necessarily indicate the total return and income of the fund. Dividend payments are subject to the Manager's discretion.

Net distributable income = "Gross income (other than any realised gain on sale of investments, unrealised gain on investments and foreign exchange gain)" less "total expenses incurred by fund"

Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.

  • fd-label-icon
    Explanatory Memorandum - Principal Prosperity Series
  • fd-label-icon
    Product Key Facts - Principal Asia Pacific High Dividend Equity Fund
  • fd-label-icon
    Fund Fact Sheets - Asia Pacific High Dividend Equity Fund
  • fd-label-icon
    Dividend Records - Asia Pacific High Dividend Equity Fund
  • fd-label-icon
    Annual Audited Report (For The Year Ended 30 June 2022)
  • fd-label-icon
    Unaudited Semi-Annual Report (For The Six Months Ended 31 December 2021)
  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (25 November 2022)
  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (7 February 2022)
  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (8 December 2021)
  • fd-label-icon
    Mutual Funds Product Range Brochure

This material is intended for general reference only. This material does not constitute an offer or solicitation or invitation or advice or recommendation to enter into any transactions.  Investment involves risk. There is no assurance on investment returns.  You should consider your own risk tolerance level and financial circumstances before making any investment choices. If you are in doubt as to whether a certain fund or product mentioned in this material is suitable for you, you should seek independent professional advice.

Issuer of this material

Principal Global Investors Funds, CCB Principal Selected Growth Mixed Asset Fund, CCB Principal Dual Income Bond Fund 
Issuer: Principal Investment & Retirement Services Limited

Principal Life Style Fund, Principal Prosperity Series
Issuer: Principal Asset Management Company (Asia) Limited

This material has not been reviewed by the Securities and Futures Commission.