Principal Hong Kong Bond Fund - R6 Class Units

Important Notes

  • Principal Hong Kong Bond Fund (“Fund”) will invest primarily in Hong Kong dollar debt securities including government bonds, corporate bonds, floating rate notes, bills, commercial papers and certificates of deposit. It may also invest in assets denominated in other currencies. The Fund is therefore subject to interest rate risk, credit rick, currency risk, downgrading risk and liquidity risk.
  • For R6 Class Units of the 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 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 Fund), resulting in an increase in distributable income for the payment of dividend by the R6 Class Units of the Fund and may result in an immediate reduction of the net asset value per unit of the R6 Class Units of the 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 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 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 ^
8.7896 HKD
Daily Change
0.35%
Valuation Date (DD/MM/YYYY)
02/02/2023

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

Investment Objectives

To provide a return consisting of income and capital growth over medium to long term.

Investment Strategy

The Sub-Fund will seek to achieve its investment objective by primarily investing at least 70% of its assets in Hong Kong debt securities (rated or unrated#), including (but not limited to) sovereign and/or non-sovereign, floating and/or fixed, of varying maturities issued by the government or by multi-lateral agencies or by companies, and denominated in Hong Kong dollars. The types of debt securities that the Principal Hong Kong Bond Fund primarily intends to invest into are government bonds, corporate bonds/debentures, floating rate notes, bills, commercial papers and certificates of deposit. For details please refer to Explanatory Memorandum.

  • Series Name

    Principal Life Style Fund

  • Fund Name

    Principal Hong Kong Bond Fund - R6 Class Units

  • Asset Class

    Fixed Income

  • Fund Domicile

    Hong Kong

  • Base Currency

    HKD

  • Fund Size

    HKD5,425.4 million As of 30/11/2022

  • Risk/Return Spectrum1

    Moderate

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

    3.96 As of 30/11/2022

  • Management Fees

    0.50% pa

  • Investment Manager

    Howe Chung Wan, Prakash Gopalakrishnan

  • Launch Date (DD/MM/YYYY)

    15/01/2015

  • Ongoing charges over a year3

    0.72%

  • Geographic Allocation4
    Hong Kong
    70 - 100%
    Others
    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 as of 31 December 2021. 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
31/12/2015 HKD 0.0587 70% 30%
31/03/2016 HKD 0.0628 71% 29%
30/06/2016 HKD 0.0563 68% 32%
30/09/2016 HKD 0.0519 68% 32%
30/12/2016 HKD 0.0613 75% 25%
31/03/2017 HKD 0.0550 69% 31%
30/06/2017 HKD 0.0531 70% 30%
29/09/2017 HKD 0.0580 71% 29%
29/12/2017 HKD 0.0568 71% 29%
29/03/2018 HKD 0.0609 70% 30%
29/06/2018 HKD 0.0666 71% 29%
28/09/2018 HKD 0.0663 71% 29%
31/12/2018 HKD 0.0670 87% 13%
29/03/2019 HKD 0.0613 70% 30%
28/06/2019 HKD 0.0616 70% 30%
30/09/2019 HKD 0.0638 70% 30%
31/12/2019 HKD 0.0619 71% 29%
31/03/2020 HKD 0.0630 72% 28%
30/06/2020 HKD 0.0563 71% 29%
30/09/2020 HKD 0.0612 70% 30%
31/12/2020 HKD 0.0593 71% 29%
31/03/2021 HKD 0.0571 71% 29%
30/06/2021 HKD 0.0590 70% 30%
30/09/2021 HKD 0.0589 69% 31%
31/12/2021 HKD 0.0574 69% 31%
31/03/2022 HKD 0.0526 69% 31%
30/06/2022 HKD 0.0578 72% 28%
30/09/2022 HKD 0.0648 73% 27%
30/12/2022 HKD 0.0610 68% 32%

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.

  • fd-label-icon
    Explanatory Memorandum - Principal Life Style Fund
  • fd-label-icon
    Product Key Facts - Hong Kong Bond Fund
  • fd-label-icon
    Fund Fact Sheets - Principal Life Style Fund - Hong Kong Bond Fund
  • fd-label-icon
    Dividend Records - Principal Life Style Fund
  • fd-label-icon
    Annual Report and Audited Financial Statements (For The Year Ended 31 December 2021)
  • fd-label-icon
    Unaudited Semi-Annual Report (For The Six Months Ended 30 June 2022)
  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2022/11)
  • 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.