Principal Hong Kong Equity Fund - R2 Class Units

Important Notes

  • Principal Hong Kong Equity Fund (“Fund”) will invest primarily in listed equities issued by companies established in Hong Kong or by companies whose shares are listed in Hong Kong. The Fund may also invest in listed equities issued by companies which have business in Hong Kong.
  • The Fund invests in a single country or regional markets. 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 Fund is also subject to liquidity, emerging market and securities risks.
  • For R2 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 ^
7.8465 HKD
Daily Change
-1.3%
Valuation Date (DD/MM/YYYY)
27/03/2024

^ 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 Hong Kong equity markets

Investment Strategy

The Principal Hong Kong Equity Fund will invest primarily in listed equities issued by companies established in Hong Kong or by companies whose shares are listed in Hong Kong (including but not limited to H shares and shares of red-chip companies listed on the Hong Kong Stock Exchange). The Principal Hong Kong Equity Fund may also invest in listed equities issued by companies which have business in Hong Kong. The Sub-Fund may hold cash and short-term investments. For details please refer to Explanatory Memorandum.

  • Series Name

    Principal Life Style Fund

  • Fund Name

    Principal Hong Kong Equity Fund - R2 Class Units

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    HKD

  • Fund Size

    HKD10,833.2 million As of 31/1/2024

  • 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

    25.81 As of 31/1/2024

  • Management Fees

    1.20% pa

  • Investment Manager

    Alan (Xi) Wang

  • Launch Date (DD/MM/YYYY)

    01/02/2017

  • Ongoing charges over a year3

    1.95%

  • Geographic Allocation4
    Hong Kong/China
    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. The ongoing charges figures are based on expenses for the year ended 31 December 2022. 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. 

Financed Carbon Emissions (tons CO2e / $M invested)^ Financed Carbon Emissions Coverage
39.4 97.1%
All data is sourced from MSCI based on the portfolio holdings as of 30/12/2022
^ 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
  • fd-label-icon
    Product Key Facts - Hong Kong Equity Fund
  • fd-label-icon
    Fund Fact Sheets - Principal Life Style Fund - Hong Kong Equity Fund
  • fd-label-icon
    Annual Report and Audited Financial Statements (For The Year Ended 31 December 2022)
  • fd-label-icon
    Unaudited Semi-Annual Report (For The Six Months Ended 30 June 2023)
  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2023/07)
  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2022/11)
  • fd-label-icon
    Notice to Unitholders of Principal Life Style Fund (2021/05)
  • 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.