Principal China Equity Fund - R6 Class Units

Important Notes

  • Principal China Equity Fund (“Sub-Fund”) will invest primarily in equities issued by companies with exposure in different sectors of economies in People’s Republic of China (Mainland China).
  • The Sub-Fund invests in a single country. Compared with a well-diversified fund, its concentration risk is relatively high and hence it might be more volatile than a well-diversified fund. The Sub-Fund is also subject to liquidity, emerging market and securities risks.
  • For R6 Class Units of the Sub-Fund, dividend is not guaranteed. The manager may at its discretion pay dividend effectively out of the capital attributable to the R6 Class Units of the Sub-Fund (i.e. making the distribution from gross income while charging all or part of the fees and expenses attributable to the R6 Class Units to the capital out of such Units of the Sub-Fund), resulting in an increase in distributable income for the payment of dividend by the R6 Class Units of the Sub-Fund and may result in an immediate reduction of the net asset value per unit of the R6 Class Units of the Sub-Fund. Such payment of dividend effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment in the R6 Class Units of the Sub-Fund or from any capital gains attributable to that original investment.
  • 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 Sub-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 website when making your investment decision. You should read the Explanatory Memorandum of Principal Life Style Fund for further details (including investment strategies, risk factors, fees and charges, and fund information).
NAV ^
6.9899 HKD
Daily Change
-0.6%
Valuation Date (DD/MM/YYYY)
10/12/2024

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

Investment Objectives

To achieve capital growth over the long term by investing mainly in China related equities.

Investment Strategy

The Sub-Fund will invest at least 70% of its assets in equities issued by companies with exposure in different sectors of economies in the People’s Republic of China (Mainland China) or in collective investment schemes as permitted under the MPF Regulation which primarily invests in such equity securities. Equity securities include but are not limited to equity shares, preference shares and depository receipts. The Sub-Fund may invest less than 70% of its net asset value in eligible China A-Shares and B-Shares listed on the Shanghai and Shenzhen stock exchanges (including the ChiNext market and the Science and Technology Innovation Board (“STAR Board”)) via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (“Stock Connect”) and/or the qualified foreign investor (“QFI”) regime. The Sub-Fund will not enter into any financial futures contracts or financial options contracts. For details please refer to Explanatory Memorandum.

  • Series Name

    Principal Life Style Fund

  • Fund Name

    Principal China Equity Fund - R6 Class Units

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    HKD

  • Fund Size

    HKD4,202.2 million As of 30/9/2024

  • Risk/Return Spectrum1

    High

  • Asset Allocation4
    Equity Securities
    70 - 100%
    Cash & short-term investments (e.g. bills and deposits)
    0 - 30%
  • 3 years annualized volatility2

    28.78 As of 30/9/2024

  • Management Fees

    1.50% pa

  • Investment Manager

    Alan (Xi) Wang, Peter (Xi) Luo

  • Launch Date (DD/MM/YYYY)

    15/1/2015

  • Ongoing charges over a year3

    1.75%

  • Geographic Allocation4
    People's Republic of China (Mainland China)
    70 - 100%
    Other countries
    0 - 30%

1. The Risk/Return Spectrum includes 4 levels of risks: Low, Moderate, Moderate to High and High. The classifications of Risk/Return Spectrum for each constituent fund are determined by the Investment Manager of the Scheme, Principal Asset Management Company (Asia) Limited, based on past volatility (i.e. annualized standard deviation of returns) and relative risk levels among the constituent funds in the Scheme. The classifications of Risk/Return Spectrum will be reviewed by the Investment Manager on an annual basis and are provided for reference only.

2. 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.

3. For Retail Class Units and R6 Class Units: the ongoing charges figures are based on expenses for the year ended 31 December 2023. These figures may vary from year to year.

4. 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.

Dividend Period End Date Dividend per unit Dividend paid out of net distributable income for the period Dividend effectively paid out of capital
30/09/2024 HKD 0.0968 53% 57%
28/06/2024 HKD 0.0935 56% 44%
28/03/2024 HKD 0.0046 0% 100%
29/12/2023 HKD 0.0097 0% 100%
30/09/2023 HKD 0.0932 49% 51%
30/06/2023 HKD 0.0822 47% 53%
31/03/2023 HKD 0.0029 0% 100%
30/12/2022 HKD 0.0030 0% 100%
30/09/2022 HKD 0.0550 27% 73%
30/06/2022 HKD 0.1386 72% 28%
31/03/2022 HKD 0.0019 0% 100%
31/12/2021 HKD 0.0056 0% 100%
30/09/2021 HKD 0.0738 36% 64%
30/06/2021 HKD 0.1064 48% 52%
31/03/2021 HKD 0.0001 0% 100%
31/12/2020 HKD 0.0021 0% 100%
30/09/2020 HKD 0.1197 65% 35%
30/06/2020 HKD 0.1545 72% 28%
31/03/2020 HKD 0.0008 0% 100%
31/12/2019 HKD 0.0099 0% 100%
30/09/2019 HKD 0.0948 55% 45%
28/06/2019 HKD 0.1771 74% 26%
29/03/2019 HKD 0.0038 0% 100%
31/12/2018 HKD 0.0040 0% 100%
28/09/2018 HKD 0.1006 63% 37%
29/06/2018 HKD 0.1642 69% 31%
29/03/2018 HKD 0.0003 0% 100%
29/12/2017 HKD 0.0042 0% 100%
29/09/2017 HKD 0.2693 75% 25%
30/06/2017 HKD 0.1574 73% 27%
31/03/2017 HKD 0.0004 0% 100%
30/12/2016 HKD 0.0032 0% 100%
30/09/2016 HKD 0.0603 27% 73%
30/06/2016 HKD 0.1847 83% 17%
31/03/2016 HKD 0.0038 0% 100%
31/12/2015 HKD 0.0036 0% 100%

The Manager intends to distribute dividend on a quarterly basis in March, June, September and December.

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.

Financed Carbon Emissions (tons CO2e / $M invested)^ Financed Carbon Emissions Coverage
107.14 86.27
All data is sourced from MSCI based on the portfolio holdings as of 31/12/2023
^ Total Portfolio Carbon Emissions measures the scope 1 and scope 2 GHG emission for all the investments in the investee company per USD million invested by their equity ownership.
  • fd-label-icon
    Explanatory Memorandum - Principal Life Style Fund
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  • fd-label-icon
    Product Key Facts - China Equity Fund
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  • fd-label-icon
    Fund Fact Sheets - Principal Life Style Fund - China Equity Fund
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  • fd-label-icon
    Dividend Records - Principal Life Style Fund
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  • fd-label-icon
    Annual Report and Audited Financial Statements (For The Year Ended 31 December 2023)
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  • fd-label-icon
    Unaudited Semi-Annual Report (For The Six Months Ended 30 June 2024)
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  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2024/06)
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  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2023/07)
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  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2022/11)
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  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2021/05)
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  • fd-label-icon
    Mutual Funds Product Range Brochure
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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.