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Principal International Bond Fund - Retail Class Units
Important Notes
- Principal International Bond Fund (“Fund”) will invest mainly in the global bond markets. It will primarily invest in a portfolio of debt securities, both sovereign or non-sovereign, of varying maturities and denominated in the world’s major currencies. The Fund is therefore subject to interest rate, foreign exchange, liquidity and credit risks.
- 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 protect and maximize real asset value in terms of international purchasing power by investing mainly in the global bond markets.
Investment Strategy
The Sub-Fund will invest mainly in the global bond markets. The Sub-Fund will primarily invest in a portfolio of debt securities, both sovereign or non-sovereign, of varying maturities and denominated in the world’s major 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 International Bond Fund - Retail Class Units
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Asset Class
Fixed Income
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Fund Domicile
Hong Kong
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Base Currency
HKD
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Fund Size
HKD5,620.7 million As of 29/2/2024
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Risk/Return Spectrum1
Moderate
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Asset Allocation4
Debt Securities70 - 100%Cash & Short-term Investments (e.g. bills and deposits)0 - 30%
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3 years annualized volatility2
8.15 As of 29/2/2024
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Management Fees
1.00% pa
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Investment Manager
Chee Sin Koh, Howe Chung Wan, William C. Armstrong, Bryan Davis
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Launch Date (DD/MM/YYYY)
02/07/2003
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Ongoing charges over a year3
1.22%
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Geographic Allocation4
Asia (ex-Japan)0 - 50%Europe0 - 50%Japan0 - 50%North America15 - 85%Other countries (each)0 - 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 2022. 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 | 29/02/2024 | -1 | 1.9 | -1.9 | 3.2 | -14.9 | -8 | 12 |
| Index | 29/02/2024 | -1.1 | 1.6 | -2.4 | 3.8 | -11.2 | -1.8 | 73 |
Calendar Year Return (%)
As of (DD/MM/YYYY)
Year To Date
2023
2022
2021
2020
2019
Fund
29/02/2024
-1.9
5.9
-16.1
-5.3
6.7
6.2
Index
29/02/2024
-2.4
7.1
-14.4
-3
7.4
6.8
| As of (DD/MM/YYYY) | Year To Date | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Fund | 29/02/2024 | -1.9 | 5.9 | -16.1 | -5.3 | 6.7 | 6.2 |
| Index | 29/02/2024 | -2.4 | 7.1 | -14.4 | -3 | 7.4 | 6.8 |
| Financed Carbon Emissions (tons CO2e / $M invested)^ | Financed Carbon Emissions Coverage |
| 36.5 | 27.8% |
| 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. | |
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Explanatory Memorandum - Principal Life Style Fund
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Product Key Facts - International Bond Fund
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Fund Fact Sheets - Principal Life Style Fund - International Bond Fund
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Annual Report and Audited Financial Statements (For The Year Ended 31 December 2022)
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Unaudited Semi-Annual Report (For The Six Months Ended 30 June 2023)
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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