Principal Hong Kong Equity Fund - R6 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 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 ^
8.8228 HKD
Daily Change
-0.6%
Valuation Date (DD/MM/YYYY)
02/02/2023

^ 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 - R6 Class Units

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    HKD

  • Fund Size

    HKD10,250.2 million As of 30/11/2022

  • 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

    25.90 As of 30/11/2022

  • Management Fees

    1.20% pa

  • Investment Manager

    Alan Xi Wang

  • Launch Date (DD/MM/YYYY)

    15/01/2015

  • Ongoing charges over a year3

    1.42%

  • 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 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 0.0222 0% 100%
31/03/2016 HKD 0.0376 22% 78%
30/06/2016 HKD 0.1506 81% 19%
30/09/2016 HKD 0.0761 49% 51%
30/12/2016 HKD 0.0238 0% 100%
31/03/2017 HKD 0.0426 17% 83%
30/06/2017 HKD 0.1422 73% 27%
29/09/2017 HKD 0.1050 60% 40%
29/12/2017 HKD 0.0290 0% 100%
29/03/2018 HKD 0.0391 0% 100%
29/06/2018 HKD 0.1507 69% 31%
28/09/2018 HKD 0.1031 65% 35%
31/12/2018 HKD 0.0314 4% 96%
29/03/2019 HKD 0.0407 0% 100%
28/06/2019 HKD 0.1425 73% 27%
30/09/2019 HKD 0.0864 58% 42%
31/12/2019 HKD 0.0345 0% 100%
31/03/2020 HKD 0.0156 0% 100%
30/06/2020 HKD 0.1279 72% 28%
30/09/2020 HKD 0.1250 66% 34%
31/12/2020 HKD 0.0126 0% 100%
31/03/2021 HKD 0.0206 0% 100%
30/06/2021 HKD 0.1019 55% 45%
30/09/2021 HKD 0.0826 50% 50%
31/12/2021 HKD 0.0159 0% 100%
31/03/2022 HKD 0.0237 0% 100%
30/06/2022 HKD 0.1197 76% 24%
30/09/2022 HKD 0.0694 50% 50%
30/12/2022 HKD 0.0124 0% 100%

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 Equity Fund
  • fd-label-icon
    Fund Fact Sheets - Principal Life Style Fund - Hong Kong Equity 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
    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.