Principal Sustainable Asia Equity Income Fund - Income (monthly) Class Units - Retail (USD)

Important Notes

  1. The Principal Sustainable Asia Equity Income Fund (“Sub-Fund”) will invest in a diversified portfolio of listed securities in the Asia Pacific (ex-Japan) region, including but not limited to the following: Australia, Greater China (including PRC, Hong Kong, Macau and Taiwan), Indonesia, India, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Thailand. The Sub-Fund will focus on ESG achievers which demonstrate strong corporate fundamentals and offer the potential for superior dividend yields. The Sub-Fund will also seek to achieve capital appreciation with relatively moderate to high volatility commensurate with investing in equities. The Sub-Fund aims to maintain a minimum of 70% of the Sub-Fund’s net asset value invested in listed securities issued by ESG achievers as well as ESG achiever ETFs/CISs. The aggregate investment of the Sub-Fund’s investment in ETFs and CISs (including ESG achiever ETFs/CISs) will be less than 30% of the Sub-Fund’s net asset value.
  2. The Sub-Fund invests in equities located in developed markets and in emerging markets. Such investments carry general investment risk, equity market risk, ESG investment policy risk, currency risk, concentration risk, specific risks in investing in emerging markets and other associated risks that can cause portfolio values to be very volatile.
  3. The use of ESG criteria may affect the Sub-Fund’s investment performance and, as such, the Sub-Fund may perform differently compared to similar funds that do not use such criteria. For instance, ESG criteria used in the Sub-Fund’s investment policy may result in the Sub-Fund forgoing opportunities to buy certain securities when it might otherwise be advantageous to do so, and/or selling securities due to such securities no longer meeting the Sub-Fund’s ESG criteria when it might be disadvantageous to do so. As such, the application of ESG criteria may restrict the ability of the Sub-Fund to acquire or dispose of its investments at a price and time that it wishes to do so, and may therefore result in a loss to the Sub-Fund. The use of ESG criteria may also result in the Sub-Fund being concentrated in companies with a focus on ESG criteria and its value may be more volatile than that of a fund having a more diverse portfolio of investments. The selection of securities may involve the subjective judgement of the Fund Manager’s Delegate. There is also a lack of standardised taxonomy of ESG criteria evaluation methodology and the way in which different funds apply such ESG criteria may vary. The Fund Manager and the Fund Manager’s Delegate’s ESG assessment takes into account ESG data and research from external data providers, which may be incomplete, inaccurate or unavailable. As a result, there is a risk associated with the assessment of a security or issuer based on such information or data.
  4. In respect of the Income Class Units, the Fund Manager may at its discretion pay dividend out of gross income while paying all or part of the fees and expenses attributable to the Income Class Units out of the capital of such units, resulting in an increase in distributable income for the payment of dividend by the Income Class Units and therefore, the Sub-Fund may effectively pay dividend out of capital. For Income Plus Class Units, the Fund Manager may pay dividends out of capital. The payment of dividends effectively out of capital or out of capital amounts to a return or withdrawal of part of a Unitholder’s original investment in the Income Class Units or the Income Plus Class Units or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per unit. Dividend is not guaranteed.
  5. The Sub-Fund’s net derivative exposure may be up to 50% of the Sub-Fund’s net asset value, which exposes the Sub-Fund to risks associated with investment in financial derivative instruments (FDI).
  6. Investment involves risk. There is no assurance on investment returns and you may not get back the amount originally invested.
  7. 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.
  8. You should not rely solely on this marketing material when making your investment decision. You should read the Explanatory Memorandum and Product Key Facts of Principal Prosperity Series for further details (including investment policy, risk factors, fees and charges, and fund information).

 

*Effective from 31 July 2023 (the “Effective Date”), the Sub-Fund has been renamed from “Principal Asia Pacific High Dividend Equity Fund” to “Principal Sustainable Asia Equity Income Fund”, and its investment objective and policies have been changed accordingly. The previous “Income Class Unit” has been renamed to “Income Class Units – Retail – USD” from the Effective Date, and past performance is presented for reference only.
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Competitive long-term risk-adjusted return

Asia Pacific equities tend to demonstrate relatively lower drawdowns during recessions, with robust rebound potential afterwards.

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Compelling dividend yield

On average, dividend yield of Asia Pacific equity is relatively higher than Global, US and Japanese markets in recent years.

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Solid fundamental with attractive valuation

Asia Pacific equity is projected to exhibit highest EPS growth in 2024 while its valuation remains relatively compelling compared to that of Global, US and Japan.

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Achievable long-term alpha opportunity

A performing, well-diversified portfolio with about 100 securities, encompassing dividend-paying large-caps and high-growth potential mid-to-small caps.

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Potential yield premium over index

Portfolio to target dividend yield 50bps higher than the Benchmark’s. On top, income-plus share class will be available.

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Award winning fund with Best-In-Class ESG framework

The Fund adopts the Best-In-Class ESG framework with at least 70% of NAV in ESG achievers in Asia Pacific (ex-Japan) and the remaining in Transition Champions. The fund was awarded Best-in-Class, Asia Pacific ex-Japan Equity, by BENCHMARK in 2022*.

* Benchmark's Asset Management – House Awards recognize managers of various asset classes and strategies for delivering sustained, consistent outperformance on a risk-adjusted basis. For details, please refer to www.benchmark.today/fund-awards-2022.

NAV ^
32.61 USD
Daily Change
0.52%
Valuation Date (DD/MM/YYYY)
12/12/2024

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

Investment Objective

The Sub-Fund will primarily (i.e. at least 70% of the Sub-Fund’s net asset value) invest in a diversified portfolio of listed securities of companies and issuers in the Asia Pacific (ex-Japan) region which are considered to be outperforming their peers with respect to sustainability performance based on environmental, social and governance (“ESG”) factors (“ESG achievers”) as well as exchange traded funds (“ETFs”) and collective investment schemes (“CISs”), which primarily invest in equity securities of companies and issuers that maintain better ESG profiles than their corresponding traditional counterparts (collectively “ESG achiever ETFs/CISs”). The Sub-Fund will also seek to achieve high current income and capital appreciation with a focus on high dividend yielding stocks.

Investment Policy

The Sub-Fund will invest in a diversified portfolio of listed securities in the Asia Pacific (ex-Japan) region, including but not limited to the following: Australia, Greater China (including PRC, Hong Kong, Macau and Taiwan), Indonesia, India, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Thailand. The Sub-Fund will focus on ESG achievers which demonstrate strong corporate fundamentals and offer the potential for superior dividend yields. The Sub-Fund will also seek to achieve capital appreciation with relatively moderate to high volatility commensurate with investing in equities. The Sub-Fund aims to maintain a minimum of 70% of the Sub-Fund’s net asset value invested in listed securities issued by ESG achievers as well as ESG achiever ETFs/CISs. The aggregate investment of the Sub-Fund’s investment in ETFs and CISs (including ESG achiever ETFs/CISs) will be less than 30% of the Sub-Fund’s net asset value. The Fund Manager adopts a best-in-class strategy under which the Fund Manager will screen all securities investable by the Sub-Fund (including ETFs and CISs) with the aim of identifying ESG achievers and ESG achiever ETFs/CISs. For details please refer to Explanatory Memorandum and Product Key Facts.

  • Series Name

    Principal Prosperity Series

  • Fund Name

    Principal Sustainable Asia Equity Income Fund - Income (monthly) Class Units - Retail (USD)

  • Asset Class

    Equity

  • Fund Domicile

    Hong Kong

  • Base Currency

    USD

  • Fund Size

    USD137.99 million As of 31/10/2024

  • 3 years annualized volatility1

    16.65 As of 31/10/2024

  • Management Fees

    1.4% pa

  • Investment Manager

    Donghui (David) Han, Alan Xi Wang

  • Launch Date (DD/MM/YYYY)

    13/12/2002

  • Ongoing charges over a year2

    1.79%

1. The 3 Years Annualized Volatility shows the risk of the 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.

2. The ongoing charges figure is an annualised figure which is calculated based on expenses chargeable to the relevant class for the 6-month period ended 31 December 2023 and then extrapolated to 12 months. This figure may vary from year to year.

Cumulative Return ¹ (%)

  As of (DD/MM/YYYY) 1 Month 3 Months Year To Date 1 Year 3 Years 5 Years Since Launch
Fund 31/10/2024 6.2 6.1 18.4 26.4 -2.5 30.8 623
Index 31/10/2024 7.9 10.6 19.9 29.4 5.5 39.7 609.6

Calendar Year Return ¹ (%)

  As of (DD/MM/YYYY) Year To Date 2023 2022 2021 2020 2019
Fund 31/10/2024 18.4 3.3 -18.9 -4.4 26.3 17.4
Index 31/10/2024 19.9 7.4 -17.5 -2.9 22.4 19.2

"1. Fund performance is calculated on a NAV to NAV basis, net performance including fund administration and management fees. 2. Effective from 31 July 2023 (the “Effective Date”), the Sub-Fund has been renamed from “Principal Asia Pacific High Dividend Equity Fund” to “Principal Sustainable Asia Equity Income Fund”, and its investment objective and policies have been changed accordingly. The previous “Income Class Unit” has been renamed to “Income Class Units – Retail – USD” from the Effective Date, and past performance is presented for reference only."
Dividend Period End Date Dividend per unit Dividend paid out of net distributable income for the period Dividend effectively paid out of capital
29/11/2024 USD 0.03 0% 100%
31/10/2024 USD 0.03 0% 100%
30/09/2024 USD 0.10 24% 76%
30/08/2024 USD 0.10 34% 66%
31/07/2024 USD 0.17 32% 68%
28/06/2024 USD 0.14 27% 73%
31/05/2024 USD 0.12 24% 76%
30/04/2024 USD 0.01 0% 100%
28/03/2024 USD 0.05 2% 98%
29/02/2024 USD 0.01 0% 100%
31/01/2024 USD 0.01 0% 100%
29/12/2023 USD 0.03 0% 100%
30/11/2023 USD 0.04 0% 100%
31/10/2023 USD 0.02 0% 100%
29/09/2023 USD 0.09 0% 100%
31/08/2023 USD 0.10 20% 80%
31/07/2023 USD 0.06 0% 100%
30/06/2023 USD 0.15 50% 50%
31/05/2023 USD 0.11 37% 63%
28/04/2023 USD 0.05 0% 100%
31/03/2023 USD 0.12 31% 69%
28/02/2023 USD 0.06 0% 100%
31/01/2023 USD 0.01 0% 100%
30/12/2022 USD 0.15 0% 100%
30/11/2022 USD 0.14 17% 83%
31/10/2022 USD 0.12 18% 82%
30/09/2022 USD 0.13 0% 100%
31/08/2022 USD 0.04 0% 100%
29/07/2022 USD 0.04 0% 100%
30/06/2022 USD 0.14 0% 100%
31/05/2022 USD 0.08 0% 100%
29/04/2022 USD 0.03 0% 100%
31/03/2022 USD 0.05 0% 100%
28/02/2022 USD 0.03 0% 100%
31/01/2022 USD 0.02 0% 100%
31/12/2021 USD 0.02 0% 100%
30/11/2021 USD 0.03 0% 100%
31/10/2021 USD 0.02 0% 100%
30/09/2021 USD 0.06 17% 83%
31/08/2021 USD 0.06 0% 100%
30/07/2021 USD 0.03 0% 100%
30/06/2021 USD 0.09 11% 89%
31/05/2021 USD 0.09 11% 89%
30/04/2021 USD 0.06 0% 100%
31/03/2021 USD 0.06 0% 100%
26/02/2021 USD 0.03 0% 100%
29/01/2021 USD 0.05 0% 100%
31/12/2020 USD 0.02 0% 100%
30/11/2020 USD 0.04 0% 100%
31/10/2020 USD 0.04 0% 100%
30/09/2020 USD 0.05 20% 80%
31/08/2020 USD 0.04 0% 100%
31/07/2020 USD 0.05 40% 60%
30/06/2020 USD 0.11 45% 55%
29/05/2020 USD 0.06 33% 67%
29/04/2020 USD 0.05 0% 100%
31/03/2020 USD 0.06 17% 83%
28/02/2020 USD 0.04 0% 100%
31/01/2020 USD 0.04 0% 100%
31/12/2019 USD 0.04 0% 100%
29/11/2019 USD 0.05 0% 100%
31/10/2019 USD 0.05 0% 100%
30/09/2019 USD 0.05 57% 43%
30/08/2019 USD 0.07 57% 43%
31/07/2019 USD 0.07 57% 43%
28/06/2019 USD 0.10 50% 50%
31/05/2019 USD 0.16 62% 38%
30/04/2019 USD 0.06 0% 100%
29/03/2019 USD 0.06 17% 83%
28/02/2019 USD 0.05 20% 80%
31/01/2019 USD 0.06 0% 100%
31/12/2018 USD 0.05 0% 100%
30/11/2018 USD 0.05 20% 80%
31/10/2018 USD 0.05 20% 80%
28/09/2018 USD 0.09 56% 44%
31/08/2018 USD 0.09 56% 44%
31/07/2018 USD 0.09 67% 33%
29/06/2018 USD 0.13 62% 38%
31/05/2018 USD 0.20 70% 30%
30/04/2018 USD 0.05 0% 100%
29/03/2018 USD 0.07 29% 71%
28/02/2018 USD 0.08 25% 75%
31/01/2018 USD 0.05 0% 100%
29/12/2017 USD 0.05 0% 100%
30/11/2017 USD 0.07 29% 71%
31/10/2017 USD 0.05 20% 80%
29/09/2017 USD 0.07 43% 57%
31/08/2017 USD 0.09 56% 44%
31/07/2017 USD 0.06 50% 50%
30/06/2017 USD 0.13 69% 31%
31/05/2017 USD 0.12 58% 42%
28/04/2017 USD 0.04 0% 100%
31/03/2017 USD 0.08 38% 62%
28/02/2017 USD 0.02 0% 100%
27/01/2017 USD 0.04 0% 100%
30/12/2016 USD 0.04 0% 100%
30/11/2016 USD 0.06 33% 67%
31/10/2016 USD 0.06 33% 67%
30/09/2016 USD 0.06 50% 50%
31/08/2016 USD 0.04 25% 75%
29/07/2016 USD 0.04 0% 100%
30/06/2016 USD 0.15 73% 27%
31/05/2016 USD 0.08 62% 38%
29/04/2016 USD 0.05 20% 80%
31/03/2016 USD 0.06 33% 67%
29/02/2016 USD 0.07 43% 57%
29/01/2016 USD 0.085 18% 82%

Dividend, if declared, will be paid on a monthly basis. If the dividend is below US$100, it will be reinvested.

There is no guarantee that dividends will be paid or that there will be a target level of dividend payments for the Income Class Units. It is intended, although not guaranteed, that Income Plus Class Units will distribute a set level of net income, i.e. a target income, determined by the Fund Manager on a regular basis. The level and frequency of the dividends paid by the Sub-Fund does not necessarily indicate the total return and income of the Sub-Fund. Dividend payments are subject to the Fund Manager’s discretion.

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 Sub-fund for further details including the risk factors.

Financed Carbon Emissions (tons CO2e / $M invested)^ Financed Carbon Emissions Coverage
218.7 100
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.
  • fd-label-icon
    Explanatory Memorandum - Principal Prosperity Series
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  • fd-label-icon
    Product Key Facts - Principal Sustainable Asia Equity Income Fund
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  • fd-label-icon
    Fund Fact Sheets - Principal Sustainable Asia Equity Income Fund
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    Dividend Records - Principal Sustainable Asia Equity Income Fund
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  • fd-label-icon
    Annual Audited Report (For The Year Ended 30 June 2024)
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  • fd-label-icon
    Unaudited Semi-Annual Report (For The Six Months Ended 31 December 2023)
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  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (30 June 2023)
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  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (25 November 2022)
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  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (7 February 2022)
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  • fd-label-icon
    Notice to Unitholder of Principal Prosperity Series (8 December 2021)
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  • fd-label-icon
    Additional Sustainability Related Information for Principal Sustainable Asia Equity Income Fund
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  • fd-label-icon
    Mutual Funds Product Range Brochure
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  • fd-label-icon
    Sustainable Investment Policy
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  • fd-label-icon
    Sustainability Related Periodic Assessment for Principal Sustainable Asia Equity Income Fund
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  • fd-label-icon
    Sales Flyer - Principal Sustainable Asia Equity Income Fund
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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.