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Global Property Securities Fund - D2 Class Inc Units (HKD)
Important Notes
- The Fund shall invest no less than 80% of the assets of the Fund in real estate investment trusts ("REITs") and common equity securities issued by non-REIT real estate companies in the United States and REITs, common equity securities issued by non-REIT real estate companies and similar structures in other areas of the world.
- Risks associated with investing in the securities of companies in the real estate industry include the following: declines in the value of real estate, risks related to general and local economic, political and market conditions, overbidding and increased competition, increases in property taxes and operating expenses, changes in zoning laws, casualty or condemnation losses, defaults on mortgage payments, variations in rental income, changes in neighbourhood values, vacancy rates, the appeal of properties to tenants and increases in interest rates.
- 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 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.
- 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.
- In relation to D2 Class Income Units of the Fund, the dividends which may be distributed by such class of units may be paid effectively out of the capital of the Fund (i.e. making the distribution from gross income while charging all or part of the Fund's fees and expenses to capital), resulting in an increase in distributable income for the payment of dividends by the Fund and an immediate reduction of the net asset value per unit of the Fund. Payment of dividends effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Dividend is not guaranteed.
Outperformance During Different Economic Cycles
With better downside protection, US REITs were still able to deliver positive returns in late cycles.
Solid Long-Term Performance
Global REITs have attractive total returns vs equities and bond over the past years.
Diversification
REITs have behaved more like private real estate and less like stocks over the long term. Low long-term correlations provide important diversification to a portfolio of equities.
Durable And Steady Income Potential
Over the last decade, Global REITs have had an average annual dividend growth rate of 5.6%. Predictable, resilient income can be a buoy to help keep portfolios afloat in turbulent waters. REITs can provide such income and importantly, those dividends have consistently grown over cycles.
Total Return Enhancement
Global REITs have outperformed all major asset classes since the turn of the century.
Source: please refer to the sales flyer in download section.
Proven Long-Term Performance
Global Asset Allocation
The fund is exposed to property types not prominently available in the private commercial market, such as healthcare, data centers, and self-storage. Our global strategies also offer an additional layer of diversification by providing access to different currencies, monetary policies, and economic cycles.
Constant AUM Growth
The asset size of the fund grew exponentially since launch in 2007.
Consistent & Tested Leadership
Consistent portfolio management team since fund inception in 2007. A top-10 global real estate manager ranked by total worldwide real estate assets. Established track record across continents and market cycles.
Enhancement of Total Return Through Additional Income Stream
Distribution Record – Average distribution yield for the past 6 years is 2.1%.
Source: please refer to the sales flyer in download section.
NAV ^
Valuation Date (DD/MM/YYYY)
^ The unit price of the fund is calculated on net asset value.
Investment Objective:
The objective of the Fund is to seek to provide a total return primarily through investment in a portfolio of global property securities.
Investment Policy:
The Fund seeks to achieve the investment objective by investing primarily (i.e. at least 80% of its net asset value (“NAV”)) in a global portfolio of publicly traded securities of companies engaged in the property industry or whose value is largely derived from property assets. The Fund shall invest no less than 80% of the assets of the Fund in real estate investment trusts (“REITs”) and common equity securities issued by non-REIT real estate companies in the United States and REITs, common equity securities issued by non-REIT real estate companies and similar structures in other areas of the world. Both REITs and common equity securities issued by non-REIT real estate companies shall be tradable on major markets and exchanges as securities. Non-REIT real estate companies invested by the Fund are companies which at the time of investment have at least 50% of their assets, income or profits derived from products or services related to the global property industry. For details please refer to KFS & Summary Prospectus.
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Series Name
Principal Global Investors Funds
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Fund Name
Global Property Securities Fund - D2 Class Inc Units (HKD)
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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
HKD3.34 billion As of 31/10/2024
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3 years annualized volatility1
19.70 As of 31/10/2024
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Management Fees
0.80% pa
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Investment Manager
Kelly Rush / Anthony Kenkel / Simon Hedger
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Launch Date (DD/MM/YYYY)
6/1/2020
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Ongoing charges over a year2
1.77%
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 fund over the past three years. However, no data will be displayed 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 expressed as a percentage of the sum of expenses over the average net asset value of the unit class for the 12-month period ended 30 September 2023, and this figure may vary from year to year.
Cumulative Return (%)
| As of (DD/MM/YYYY) | 1 Month | 3 Months | Year To Date | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | -4.8 | 2.5 | 4.5 | 25.87 | -14.83 | N/A | -5.01 |
| Index | 31/10/2024 | -5 | 3.4 | 5.62 | 27.64 | -9.45 | N/A | 0.18 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
2023
2022
2021
2020
2019
Fund
31/10/2024
9.47
-27.98
21.97
N/A
N/A
Index
31/10/2024
9.73
-25.01
26.78
N/A
N/A
| As of (DD/MM/YYYY) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | 9.47 | -27.98 | 21.97 | N/A | N/A |
| Index | 31/10/2024 | 9.73 | -25.01 | 26.78 | N/A | N/A |
| Dividend Period End Date | Dividend per unit | Dividend paid out of net distributable income for the period | Dividend effectively paid out of capital |
|---|---|---|---|
| 29/11/2024 | HKD 0.0176 | 33.68% | 66.32% |
| 31/10/2024 | HKD 0.0056 | 0% | 100% |
| 30/09/2024 | HKD 0.0285 | 57.03% | 42.97% |
| 30/08/2024 | HKD 0.0156 | 29.36% | 70.64% |
| 31/07/2024 | HKD 0.0115 | 0% | 100% |
| 28/06/2024 | HKD 0.0386 | 72.28% | 27.72% |
| 31/05/2024 | HKD 0.0160 | 31.04% | 68.96% |
| 30/04/2024 | HKD 0.0079 | 0% | 100% |
| 28/03/2024 | HKD 0.0458 | 76.96% | 23.04% |
| 29/02/2024 | HKD 0.0123 | 9.38% | 90.62% |
| 31/01/2024 | HKD 0.0046 | 0% | 100% |
| 29/12/2023 | HKD 0.0356 | 68.13% | 31.87% |
| 30/11/2023 | HKD 0.0201 | 46.24% | 53.76% |
| 31/10/2023 | HKD 0.0041 | 0% | 100% |
| 29/09/2023 | HKD 0.0277 | 60.42% | 39.58% |
| 31/08/2023 | HKD 0.0148 | 21.79% | 78.21% |
| 31/07/2023 | HKD 0.0082 | 0% | 100% |
| 30/06/2023 | HKD 0.0372 | 69.53% | 30.47% |
| 31/05/2023 | HKD 0.0168 | 25.32% | 74.68% |
| 28/04/2023 | HKD 0.0138 | 22.82% | 77.18% |
| 31/03/2023 | HKD 0.0421 | 72.05% | 27.95% |
| 28/02/2023 | HKD 0.0146 | 20.76% | 79.24% |
| 31/01/2023 | HKD 0.0047 | 0% | 100% |
| 30/12/2022 | HKD 0.0286 | 59.92% | 40.08% |
| 30/11/2022 | HKD 0.0162 | 23.51% | 76.49% |
| 28/10/2022 | HKD 0.0038 | 0% | 100% |
| 30/09/2022 | HKD 0.0271 | 54.05% | 45.95% |
| 31/08/2022 | HKD 0.0233 | 37.86% | 62.14% |
| 29/07/2022 | HKD 0.0150 | 19.22% | 80.78% |
| 30/06/2022 | HKD 0.0340 | 62.45% | 37.55% |
| 31/05/2022 | HKD 0.0237 | 39.03% | 60.97% |
| 29/04/2022 | HKD 0.0114 | 0.00% | 100.00% |
| 31/03/2022 | HKD 0.0395 | 61.60% | 38.40% |
| 28/02/2022 | HKD 0.0107 | 0% | 100% |
| 31/01/2022 | HKD 0.0050 | 0% | 100% |
| 31/12/2021 | HKD 0.0302 | 47.10% | 52.90% |
| 30/11/2021 | HKD 0.0224 | 25.54% | 74.46% |
| 29/10/2021 | HKD 0.0069 | 0% | 100% |
| 30/09/2021 | HKD 0.0256 | 50.78% | 49.22% |
| 31/08/2021 | HKD 0.0147 | 0% | 100% |
| 30/07/2021 | HKD 0.0117 | 0% | 100% |
| 30/06/2021 | HKD 0.0260 | 41.55% | 58.45% |
| 31/05/2021 | HKD 0.0175 | 13.57% | 86.43% |
| 30/04/2021 | HKD 0.0169 | 15.19% | 84.81% |
| 31/03/2021 | HKD 0.0487 | 68.90% | 31.10% |
| 26/02/2021 | HKD 0.0117 | 0% | 100% |
| 29/01/2021 | HKD 0 | 0% | 0% |
| 31/12/2020 | HKD 0.0236 | 41.98% | 58.02% |
| 30/11/2020 | HKD 0.0419 | 67.61% | 32.39% |
| 30/10/2020 | HKD 0.0085 | 0% | 100% |
| 30/09/2020 | HKD 0.0201 | 38.02% | 61.98% |
| 31/08/2020 | HKD 0.0163 | 18.54% | 81.46% |
| 31/07/2020 | HKD 0.0235 | 45.78% | 54.22% |
| 30/06/2020 | HKD 0.0259 | 49.59% | 50.41% |
| 29/05/2020 | HKD 0.0122 | 8.09% | 91.91% |
| 30/04/2020 | HKD 0.0095 | 0% | 100% |
| 31/03/2020 | HKD 0.0347 | 63.43% | 36.57% |
For income units of the fund, dividend will be paid on a quarterly basis in the month of January, April, July and October each year, with the exception of the D2 Class Income Units. Distributions of the D2 Class Income Units will be declared and paid monthly within 30 days of the end of each calendar month.
Dividend, if declared, will be automatically re-invested unless cash distribution is applied for.
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.
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Explanatory Memorandum / Summary Prospectus
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Product Key Facts - Global Property Securities Fund
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Sales Flyer - Global Property Securities Fund
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Fund Fact Sheets - Global Property Securities Fund - D2 Inc Units HKD
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Dividend Records - Global Property Securities Fund
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Condensed Interim Report and Unaudited Financial Statements (For The Period Ended 31 March 2024)
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Summary Prospectus - First Addendum (21 August 2020)
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HK Unitholder Notice (All Funds) (11 January 2023)
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HK Unitholder Notice (All Funds) (17 June 2020)
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HK Unitholder Notice (All Funds) (20 December 2019)
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Annual Report and Audited Financial Statements (For The Year Ended 30 September 2023)
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Annex II - Template pre-contractual disclosure for the financial products
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Mutual Funds Product Range Brochure