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Principal Hong Kong Equity Fund - Retail Class Units
Important Notes
- Principal Hong Kong Equity Fund (“Sub-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 Sub-Fund may also invest in listed equities issued by companies which have business in Hong Kong.
- The Sub-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 Sub-Fund is also subject to liquidity, emerging market and securities risks.
- For R6 Class Units of the Sub-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 Sub-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 Sub-Fund), resulting in an increase in distributable income for the payment of dividend by the R6 Class Units of the Sub-Fund and may result in an immediate reduction of the net asset value per unit of the R6 Class Units of the Sub-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 Sub-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 Sub-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 achieve capital growth over the long-term by investing mainly in Hong Kong equity markets.
Investment Strategy
The Sub-Fund will invest at least 70% of its assets in listed equities issued by companies established in Hong Kong or by companies whose shares are listed (including but not limited to H shares and shares of red-chip companies) on the Hong Kong Stock Exchange. The Sub-Fund may also invest in listed equities issued by companies which have business in Hong Kong. The Sub-Fund may hold up to 30% of its assets in cash and time deposits on a temporary basis or for such longer period as the circumstances require to maintain liquidity. The Sub-Fund will invest less than 30% of its net asset value in eligible China A-Shares and B-Shares listed on the Shanghai and Shenzhen stock exchanges via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (“Stock Connect”) and/or the qualified foreign investor (“QFI”) regime. The Sub-Fund will not enter into any financial futures contracts or financial options contracts. 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 Equity Fund - Retail Class Units
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Asset Class
Equity
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Fund Domicile
Hong Kong
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Base Currency
HKD
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Fund Size
HKD14,134.4 million As of 31/10/2024
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Risk/Return Spectrum1
High
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Asset Allocation4
Equity Securities70 - 100%Cash & Short-term Investments (e.g. bills and deposits)0 - 30%
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3 years annualized volatility2
28.39 As of 31/10/2024
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Management Fees
1.20% pa
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Investment Manager
Alan (Xi) Wang
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Launch Date (DD/MM/YYYY)
01/11/2005
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Ongoing charges over a year3
1.42%
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Geographic Allocation4
Hong Kong/China70 - 100%Others0 - 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 2023. 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.
Cumulative Return (%)
| As of (DD/MM/YYYY) | 1 Month | 3 Months | Year To Date | 1 Year | 3 Years | 5 Years | Since Launch | |
|---|---|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | -4.4 | 15.4 | 17.8 | 16.5 | -26.5 | -16.3 | 189.1 |
| Index | 31/10/2024 | -3.8 | 18.2 | 24.3 | 24.3 | -10.2 | -10.2 | 170.2 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
Year To Date
2023
2022
2021
2020
2019
Fund
31/10/2024
17.8
-12.8
-21.1
-15.4
16.5
12.1
Index
31/10/2024
24.3
-10.5
-12.5
-11.8
-0.3
13
| As of (DD/MM/YYYY) | Year To Date | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Fund | 31/10/2024 | 17.8 | -12.8 | -21.1 | -15.4 | 16.5 | 12.1 |
| Index | 31/10/2024 | 24.3 | -10.5 | -12.5 | -11.8 | -0.3 | 13 |
| Fund | Index | |
|---|---|---|
| 170.2 | 170.2 | 170.2 |
| 170.2 | 170.2 | 170.2 |
| Financed Carbon Emissions (tons CO2e / $M invested)^ | Financed Carbon Emissions Coverage |
| 101.95 | 91.67 |
| 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 Equity Fund
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Fund Fact Sheets - Principal Life Style Fund - Hong Kong Equity 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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Notice to Unitholders of Principal Life Style Fund (2021/05)
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Mutual Funds Product Range Brochure