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European Responsible Equity Fund - A Class Acc Units (USD)
Important Notes
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The Fund will invest primarily in the equity securities of companies domiciled or with their core business in Europe (including Eastern Europe), which the Adviser believes are mispriced by the market and have the potential for significant growth.
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The Fund invests in a single region. Compared with a well-diversified fund, its concentration risk is relatively high and hence it might be more volatile than a well-diversified fund.
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Investment involves risk. There is no assurance on investment returns and you may not get back the amount originally invested.
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The investment decision is yours but 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.
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You should not invest solely in reliance on this website alone. You should read the Summary Prospectus and the relevant Supplement(s) before investing including the Special Investment Considerations and Risks section of the Summary Prospectus.
NAV ^
Daily Change
Valuation Date (DD/MM/YYYY)
^ The unit price of the fund is calculated on net asset value.
Investment Objective:
The investment objective of the Fund is to seek capital growth over the medium to long term.
Investment Policy:
The Fund seeks to achieve its objective by investing primarily in the equity securities of companies domiciled or with their core business in Europe (including Eastern Europe), which the Investment Adviser believes are mispriced by the market and have the potential for significant growth. For details please refer to KFS & Summary Prospectus.
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Series Name
Principal Global Investors Funds
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Fund Name
European Responsible Equity Fund - A Class Acc Units (USD)
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Asset Class
Equity
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Fund Domicile
Ireland
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Base Currency
USD
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Fund Size
USD170.03 million As of 31/10/2024
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3 years annualized volatility1
19.35 As of 31/10/2024
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Management Fees
1.50% pa
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Investment Manager
Paul Blankenhagen / George P. Maris
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Launch Date (DD/MM/YYYY)
01/07/1996
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Ongoing charges over a year2
1.75%
1. The 3 Years Annualized Volatility shows the risk of a 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 are based on last year’s expenses, for the year ended 30 September 2023, and this figure may vary from year to year. The ongoing charges include management fee, trustee fee, administration fee, custodian fee, audit fee, professional expense, legal fee, and other expenses.
Cumulative Return (%)
| As of (DD/MM/YYYY) | 1 Month | 3 Months | Year To Date | 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | -6.62 | -3.52 | 5.64 | 22.52 | -5.88 | 35.08 | 69.83 |
| Index | 31/10/2024 | -5.89 | -1.8 | 6.13 | 22.43 | 9.27 | 39.68 | 66.52 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
2023
2022
2021
2020
2019
Fund
31/10/2024
17.79
-25.34
18.63
15.93
25.61
Index
31/10/2024
19.89
-15.06
16.3
5.38
23.77
| As of (DD/MM/YYYY) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | 17.79 | -25.34 | 18.63 | 15.93 | 25.61 |
| Index | 31/10/2024 | 19.89 | -15.06 | 16.3 | 5.38 | 23.77 |
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Explanatory Memorandum / Summary Prospectus
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Product Key Facts - European Responsible Equity Fund
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Fund Fact Sheets - European Responsible Equity Fund - A Acc Units USD
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Condensed Interim Report and Unaudited Financial Statements (For The Period Ended 31 March 2024)
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Annual Report and Audited Financial Statements (For The Year Ended 30 September 2023)
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HK Unitholder Notice (European Equity Fund / Global Equity Fund / High Yield Fund / Preferred Securities Fund)
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HK Unitholder Notice (All Funds) (20 December 2019)
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HK Unitholder Notice (All Funds) (17 June 2020)
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HK Unitholder Notice (All Funds) (11 January 2023)
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Summary Prospectus - First Addendum (24 June 2022)
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Annex II - Template pre-contractual disclosure for the financial products
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Mutual Funds Product Range Brochure