Principal International Equity Fund - Retail Class Units

Important Notes

  • Principal International Equity Fund (“Fund”) will invest primarily in equity securities selected from investment markets around the world.
  • The Fund is therefore subject to foreign exchange, liquidity, market and securities 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 ^
33.6367 HKD
Daily Change
0.92%
Valuation Date (DD/MM/YYYY)
02/02/2023

^ The unit price of the fund is calculated on net asset value.

Investment Objectives

To seek capital growth over the long term by investing in international equity markets.

Investment Strategy

The Sub-Fund seeks to achieve its objective by investing primarily in equity securities selected from investment markets around the world. The Sub-Fund may also hold cash and short-term investments. For details please refer to Explanatory Memorandum.

  • Series Name

    Principal Life Style Fund

  • Fund Name

    Principal International Equity Fund - Retail Class Units

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    HKD

  • Fund Size

    HKD3,800.4 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

    21.26 As of 30/11/2022

  • Management Fees

    1.20% pa

  • Investment Manager

    Steven Larson, Martin Slipsager Frandsen

  • Launch Date (DD/MM/YYYY)

    02/07/2003

  • Ongoing charges over a year3

    1.43%

  • Geographic Allocation4
    North America
    0 - 65%
    Europe
    0 - 60%
    Asia
    0 - 50%
    South America
    0 - 50%
    Others
    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 2021. 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 30/11/2022 6.3 3 N/A -14.6 17.3 19.3 224.4
Index 30/11/2022 7.2 2.8 N/A -11.5 21 36.5 312.2

Calendar Year Return (%)

  As of (DD/MM/YYYY) Year To Date 2021 2020 2019 2018 2017
Fund 30/11/2022 -17.4 18.3 16.8 19.5 -13.8 22.9
Index 30/11/2022 -14.9 19.2 15.7 26 -9.3 25

For further details, please refer to Fund Fact Sheet.
  • fd-label-icon
    Explanatory Memorandum - Principal Life Style Fund
  • fd-label-icon
    Product Key Facts - International Equity Fund
  • fd-label-icon
    Fund Fact Sheets - Principal Life Style Fund - International Equity 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
    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.