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ORSO Schemes
Fund Options
Principal Trust Company (Asia) Limited Retirement Scheme consists of 13 fund options. Out of the 13 fund choices, 2 of them are guaranteed funds and the remaining 11 are investment funds.
With the Principal Trust Company (Asia) Limited Retirement Scheme, employers and employees can secure a comprehensive retirement plan through prudent, systematic savings and astute investment portfolios.
Risk/Return Spectrum
Important Notice:
The “Principal Long Term Guaranteed Fund” and the “Principal Capital Guaranteed Fund” of “Principal Trust Company (Asia) Limited Retirement Scheme” will be terminated on 20 June 2024. Regarding the guarantee mechanism of Principal Long Term Guaranteed Fund, a one-time special arrangement ("One-off Arrangement") will be offered during the period from 20 March 2024 to 7 June 2024. Please refer to the Fund Termination Notice dated 20 March 2024 for details.
#Risk/Return Profile
Low
Moderate
Moderate to High
High
The classifications of Risk/Return Profile are based on past volatility (i.e. annualized standard deviation of returns), worst and best two months returns, and the relative risk levels among the funds in the Scheme. Besides, reference is also made to the investment objectives of the respective funds.
Source of Risk/Return Profile: Principal Asset Management Company (Asia) Limited
Principal Capital Guaranteed Fund*
Objective
To guarantee the capital value of the contributions, and to earn a competitive short-term rate of return.
Investment Portfolio
Invest in a SFC-authorised guaranteed fund under an insurance policy which will in turn invest in a portfolio of short duration securities.
(Investments in the insurance policy are subject to the credit risk of Principal)
Asset Allocation
Debt Securities
0 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 100%
Geographic Allocation
Hong Kong
60 - 100%
United States
0 - 40%
Europe
0 - 40%
Other
100%
Risk / Return Profile #
Low
Low
High
(Guaranteed Fund)
* Principal Capital Guaranteed Fund
Principal, the Guarantor of the Principal Capital Guaranteed Fund under this Scheme, will provide a guarantee to ensure the unit value of the fund will never decrease. Your investments are subject to the credit risk of Principal. For details, please refer to page 11 of the Principal Brochure of the Scheme under the section "How the guarantee works".
Important Note
The “Principal Long Term Guaranteed Fund” and the “Principal Capital Guaranteed Fund” of “Principal Trust Company (Asia) Limited Retirement Scheme” will be terminated on 20 June 2024. Regarding the guarantee mechanism of Principal Long Term Guaranteed Fund, a one-time special arrangement ("One-off Arrangement") will be offered during the period from 20 March 2024 to 7 June 2024. Please refer to the Fund Termination Notice dated 20 March 2024 for details.
Principal Long Term Guaranteed Fund**
Objective
To provide a competitive long-term total rate of return, while also providing a minimum guaranteed average annual return over the career of the members.
Investment Portfolio
The fund is constituted under an insurance policy which will invest in one or more investment funds including investment funds authorised by the SFC and/or Index-tracking Collective Investment Schemes ("ITCIS"). The underlying investments will consist of debt and equity securities which may be denominated in H.K. dollars, U.S. dollars or other currencies.
(Investments in the insurance policy are subject to the credit risk of Principal)
Asset Allocation
Equity Securities
10 - 55%
Debt Securities
25 - 90%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 20%
Geographic Allocation
United States and Greater China
40 - 100%
Other Asia
0 - 50%
Europe
0 - 50%
Other Countries
0 - 50%
Risk / Return Profile #
Low
Moderate
High
(Guaranteed Fund)
**Principal Long Term Guaranteed Fund
Principal, the Guarantor of the Principal Long Term Guaranteed Fund under this Scheme, will only provide a guarantee of capital and a prescribed guarantee rate of return in certain specified circumstances. Your investments are subject to the credit risk of Principal.
The guarantee of capital and return will only be offered if the contributions in the fund are withdrawn upon the occurrence of a qualifying event, which is the receipt by the Trustee of a valid claim of all the accrued benefits of the member upon satisfying any of the following conditions:
(a)Attainment of the normal retirement age or retirement at or after the early retirement age but before the normal retirement age
(b)Total incapacity
(c)Terminal illness
(d)Death
(e)Termination of the members employment (regardless the reason of termination) and the continuous period for which the member has been investing in the fund up to and including the last date of his employment (qualifying period) is at least 36 complete months.
If a redemption, switching out or withdrawal of units of the fund is effected by a member other than upon the occurrence of a qualifying event as stated above, the guarantee will be affected and the members investments in this fund will be subject to market fluctuation and investment risks. Please refer to page 6 of the Principal Brochure of the Scheme under the section Provision of Guarantee for details of the guarantee conditions.
Important Note
The “Principal Long Term Guaranteed Fund” and the “Principal Capital Guaranteed Fund” of “Principal Trust Company (Asia) Limited Retirement Scheme” will be terminated on 20 June 2024. Regarding the guarantee mechanism of Principal Long Term Guaranteed Fund, a one-time special arrangement ("One-off Arrangement") will be offered during the period from 20 March 2024 to 7 June 2024. Please refer to the Fund Termination Notice dated 20 March 2024 for details.
Principal Asset Accumulation Fund
Objective
To at least earn a net return equal to the Prescribed Savings Rate (which is broadly the average rate of interest on a Hong Kong dollar savings account) determined by the MPFA.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will invest in a portfolio of bank deposits, short duration securities and high quality money market instruments denominated in Hong Kong dollars.
Asset Allocation
Certificates of Deposit
0 - 95%
Debt Securities
0 - 95%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 100%
Geographic Allocation
Hong Kong
100%
Risk / Return Profile #
Low
Low
High
Principal Money Market Fund
Objective
To earn a competitive short-to-medium-term rate of return.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will invest primarily in a portfolio of high quality Hong Kong dollar short-to-medium duration debt securities. The unit trust fund will also invest in U.S. dollar short-to-medium duration debt securities.
Asset Allocation
Short-to-medium Duration Debt Securities
60 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 40%
Geographic Allocation
Hong Kong
70 - 100%
United States
0 - 30%
Europe
0 - 30%
Others
0 - 20%
Risk / Return Profile #
Low
Low
High
Note: Investment in the Principal Money Market Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme. Investments in this fund will be subject to investment risks.
Principal International Bond Fund
Objective
To maximise real asset value in terms of international purchasing power.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will mainly invest in a portfolio of debt securities, both sovereign and non-sovereign, of varying maturities and denominated in the world's major currencies.
Asset Allocation
Debt Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
United States
15 - 65%
France
0 - 50%
Germany
0 - 50%
Hong Kong
0 - 50%
Italy
0 - 50%
Japan
0 - 50%
Canada
0 - 20%
Other countries(each)
0 - 20%
Risk / Return Profile #
Low
Moderate
High
Principal Stable Yield Fund
Objective
To seek long-term growth of capital through investing in one or more SFC-authorised unit trust funds.
Investment Portfolio
Invest in one or more SFC-authorised unit trust funds which may in turn invest in one or more SFC-authorised unit trust funds and/or ITCIS approved by the MPFA or make direct investments. Through these underlying investments, the fund will primarily invest in equities and debt securities of different countries. The fund will provide international exposure with relatively more emphasis on debt investments.
Asset Allocation
Equity Securities
0 - 60%
Debt Securities
20 - 90%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
Asia
0 - 75%
Europe
0 - 75%
North America
0 - 80%
South America
0 - 10%
Africa / Middle East
0 - 10%
Others
0 - 20%
Risk / Return Profile #
Low
Moderate
High
Principal Long Term Accumulation Fund
Objective
To earn a competitive long-term total rate of return through investing in a balanced portfolio.
Investment Portfolio
Invest in one or more SFC-authorised unit trust funds which may in turn make direct investments or invest in one or more SFC-authorised unit trust funds and/or ITCIS approved by the MPFA. Through these underlying investments, the fund has a balanced investment philosophy and will invest in a portfolio of fixed income and equity securities denominated in the world's major currencies.
Asset Allocation
Equity Securities
20 - 80%
Fixed Income Securities
15 - 75%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 20%
Geographic Allocation
United States
15 - 100%
Asia
0 - 85%
Europe
0 - 30%
Others
0 - 20%
Risk / Return Profile #
Low
Moderate to High
High
Principal Global Growth Fund
Objective
To seek long-term growth of capital through investing in one or more SFC-authorised unit trust funds.
Investment Portfolio
Invest in one or more SFC-authorised unit trust funds which may in turn invest in one or more SFC-authorised unit turst funds and/or ITCIS approved by the MPFA or make direct investments. Through these underlying investments, the fund will invest primarily in equities and debt securities of different countries. The fund will normally target a larger allocation of equity investments than debt securities.
Asset Allocation
Equity Securities
30 - 90%
Debt Securities
10 - 70%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
Asia
0 - 75%
Europe
0 - 75%
North America
0 - 80%
South America
0 - 10%
Africa / Middle East
0 - 10%
Others
0 - 20%
Risk / Return Profile #
Low
Moderate to High
High
Principal U.S. Equity Fund
Objective
To achieve capital growth over the long-term by investing in U.S. equity markets.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will invest mainly in U.S. equities and may include exposure to cash and short-term investments.
Asset Allocation
Equity Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
United States
70 - 100%
Hong Kong
0 - 30%
Others
0 - 20%
Risk / Return Profile #
Low
High
High
Principal Asian Equity Fund
Objective
To achieve capital growth over the long-term by investing in Asian equity markets.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will invest in Asian equities and may include exposure to cash and short-term investments.
Asset Allocation
Equity Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
Hong Kong
0 - 65%
South Korea
0 - 65%
Malaysia
0 - 40%
Singapore
0 - 40%
Taiwan
0 - 40%
China
0 - 40%
Indonesia
0 - 40%
Philippines
0 - 40%
Thailand
0 - 40%
India
0 - 40%
Others
0 - 20%
Risk / Return Profile #
Low
High
High
Principal China Equity Fund
Objective
To achieve long-term capital growth through investing primarily in equity securities of companies conducting a majority of their business in the PRC or whose business operation is based in or related to the PRC.
Investment Portfolio
Invest in one or more SFC-authorised unit trust funds and intend to invest primarily in quoted securities of PRC companies; those securities will normally be listed on a stock exchange in the PRC including Hong Kong. The fund will invest at least 70% of the non-cash assets of the fund in securities and other investments based in or related to the PRC.
Asset Allocation
Equity & Quasi-Equity Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
China (including Hong Kong and Macau)
70 - 100%
Others
0 - 30%
Risk / Return Profile #
Low
High
High
Principal Hong Kong Equity Fund
Objective
To achieve capital growth over the long-term by investing mainly in Hong Kong equity markets.
Investment Portfolio
Invest in one or more SFC-authorised unit trust funds which will invest primarily in listed equities issued by companies established in Hong Kong or by companies whose shares are listed in Hong Kong. The unit trust fund may also invest in listed equities issued by companies which have business in Hong Kong. At least 70% of the non-cash assets of the fund will be invested in equities listed on the Hong Kong Stock Exchange.
Asset Allocation
Equity Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
Hong Kong
30 - 100%
China
0 - 30%
Others
0 - 50%
Risk / Return Profile #
Low
High
High
Principal International Equity Fund
Objective
To seek capital growth over the long-term by investing mainly in equity markets around the world.
Investment Portfolio
Invest in a SFC-authorised unit trust fund which will invest mainly in equity securities selected from investment markets around the world and may include exposure to cash and short-term investments.
Asset Allocation
Equity Securities
70 - 100%
Cash & Short-term Investments (e.g. bills and deposits)
0 - 30%
Geographic Allocation
North America
0 - 65%
Asia
0 - 50%
South America
0 - 50%
Europe
0 - 60%
Middle East
0 - 20%
Africa
0 - 20%
Others
0 - 20%
Risk / Return Profile #
Low
High
High
NOTE:
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.