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Principal Hong Kong Dollar Savings Fund - Retail Class Units
Important Notes
- Principal Hong Kong Dollar Savings Fund (“Fund”) will invest primarily in a portfolio of high quality Hong Kong dollar short-to-medium duration debt securities and it may also hold assets denominated in other currencies. The Fund is therefore subject to foreign exchange, liquidity, credit and interest rate risks.
- Investment in this Fund is different from placing deposits with a bank or deposit-taking company. Investment in this Fund is not protected by the Deposit Protection Scheme.
- 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 ^
Daily Change
Valuation Date (DD/MM/YYYY)
^ The unit price of the fund is calculated on net asset value.
Investment Objectives
To earn a competitive short-to-medium term rate of return by investing primarily in a portfolio of high quality Hong Kong dollar short-to-medium duration debt securities.
Investment Strategy
To achieve its investment objective, the Sub-Fund will invest primarily in a portfolio of high quality HK dollars short-to-medium duration debt securities. The Sub-Fund may also hold assets denominated in other currencies. For details please refer to Explanatory Memorandum.
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Series Name
Principal Life Style Fund
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Fund Name
Principal Hong Kong Dollar Savings Fund - Retail Class Units
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Asset Class
Money Market
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Fund Domicile
Hong Kong
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Base Currency
HKD
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Fund Size
HKD3,310.4 million As of 30/9/2024
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Risk/Return Spectrum1
Low
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Asset Allocation4
Short-to-medium duration Debt Securities60 - 100%Cash & Short-term Investments (e.g. bills and deposits)0 - 40%
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3 years annualized volatility2
1.29 As of 30/9/2024
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Management Fees
0.25% pa
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Investment Manager
Howe Chung Wan, Prakash Gopalakrishnan, Kiat Hau Siaw
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Launch Date (DD/MM/YYYY)
02/07/2003
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Ongoing charges over a year3
0.47%
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Geographic Allocation4
Hong Kong70 - 100%United States0 - 30%Europe0 - 30%Others0 - 20%
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. The ongoing charges figure is based on expenses for the year ended 31 December 2023. This figure 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.
Cumulative Return (%)
| As of (DD/MM/YYYY) | 1 Month | 3 Months | Year To Date | 1 Year | 3 Years | 5 Years | Since Launch | |
|---|---|---|---|---|---|---|---|---|
| Fund | 30/09/2024 | 0.5 | 2.2 | 4.2 | 5.9 | 8.1 | 10.8 | 34.3 |
| Index | 30/09/2024 | 0.1 | 0.2 | 0.7 | 0.9 | 1.5 | 1.5 | 7.6 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
Year To Date
2023
2022
2021
2020
2019
Fund
30/09/2024
4.2
4.6
-0.7
0.1
1.9
2
Index
30/09/2024
0.7
0.8
0.1
0
0
0.1
| As of (DD/MM/YYYY) | Year To Date | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Fund | 30/09/2024 | 4.2 | 4.6 | -0.7 | 0.1 | 1.9 | 2 |
| Index | 30/09/2024 | 0.7 | 0.8 | 0.1 | 0 | 0 | 0.1 |
| Financed Carbon Emissions (tons CO2e / $M invested)^ | Financed Carbon Emissions Coverage |
| 4.55 | 97 |
| 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. | |
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Explanatory Memorandum - Principal Life Style Fund
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Product Key Facts - Hong Kong Dollar Savings Fund
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Fund Fact Sheets - Principal Life Style Fund - Hong Kong Dollar Savings Fund
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Annual Report and Audited Financial Statements (For The Year Ended 31 December 2023)
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Unaudited Semi-Annual Report (For The Six Months Ended 30 June 2024)
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Notice to Unitholders of Principal Life Style Fund (2024/06)
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Notice to Unitholders of Principal Life Style Fund (2023/07)
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Notice to Unitholders of Principal Life Style Fund (2022/11)
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Mutual Funds Product Range Brochure