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Principal China Multi Asset Income Fund - Class USD

Fund Performance

As at date : 31-10-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (USD) Fund Size (million)
Principal China Multi Asset Income Fund - Class USD 11.56% 14.57% -34.82% -27.85% -26.23% 0.6076 2.14
Benchmark 11.30% 13.93% -12.30% 5.60% 16.63%
Benchmark : The Fund adheres to the benchmark of the Target Fund for performance comparison. The benchmark of the Target Fund is 50% MSCI China Net 50% Markit iBoxx Asia Local Bond Index China Offshore for comparison purpose.

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
0.6131
0.0000
0.00 %
0.6131
0.0016
0.26 %
0.6115
-0.0053
-0.86 %
0.6168
0.0019
0.31 %
0.6149
0.0008
0.13 %
0.6141
-0.0066
-1.06 %
0.6207
0.0149
2.46 %
0.6058
-0.0047
-0.77 %
0.6105
-0.0020
-0.33 %
0.6125
-0.0168
-2.67 %
0.6293
0.0027
0.43 %
0.6266
0.0000
0.00 %
0.6266
-0.0081
-1.28 %
0.6347
0.0081
1.29 %
0.6266
-0.0001
-0.02 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Dec-2020 0.76 2.48
Sep-2020 0.52 1.80
Jun-2020 0.66 2.48
Mar-2020 0.52 2.16
Nov-2019 0.54 2.12
Aug-2019 0.14 0.60
May-2019 0.47 1.96
Feb-2019 0.18 0.80
Nov-2018 0.20 0.88
Aug-2018 2.06 8.32

Disclaimer : Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV.

Unit Split History

General Information

The Fund is a Wholesale Feeder Fund issued by Principal Malaysia, which aims to provide income and moderate capital growth through investments in one collective investment scheme, which invests primarily in a diversified portfolio of securities related to China. The Fund is established with a multi-class structure and is allowed to establish new Class(es) from time to time without your prior consent.

This is neither a capital protected fund nor a capital guaranteed fund.

The fund is suitable for investors who:

  • are a Sophisticated Investor;
  • have a long-term investment horizon;
  • want exposure to securities related to China and is willing to accept moderate volatility associated with investments in a target fund
  • investing in securities related to China which actively adjusts its investment exposures, 
  • seek regular income.
 

 

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Fund Details

Distribution PolicyQuarterly, depending on market conditions, the availability of realised income and/or realised gains and at our discretion. We have the right to make provisions for reserves in respect of distribution of the Class. If the income available is too small or insignificant, any distribution may not be of benefit to you as the total cost to be incurred in any such distribution may be higher than the amount for distribution. We have the discretion to decide on the amount to be distributed to you. We also have the discretion to make income distribution on an ad-hoc basis, taking into consideration the level of its realised income and/or realised gains, as well as the performance of the Fund.
Quarterly, depending on market conditions, the availability of realised income and/or realised gains and at our discretion. We have the right to make provisions for reserves in respect of distribution of the Class. If the income available is too small or insignificant, any distribution may not be of benefit to you as the total cost to be incurred in any such distribution may be higher than the amount for distribution. We have the discretion to decide on the amount to be distributed to you. We also have the discretion to make income distribution on an ad-hoc basis, taking into consideration the level of its realised income and/or realised gains, as well as the performance of the Fund.
Note: The Fund may distribute income from realised income, realised capital gains, unrealised income, unrealised capital gains, capital and/or a combination of any of the above. We reserve the right to vary the frequency and/or amount of distributions.
 
Investment Time HorizonRecommended at least five (5) years.
 
Initial InvestmentUSD5,000 or such other amount as the Manager may from time to time decide. 
 
Additional InvestmentUSD1,000 or such other amount as the Manager may from time to time decide. 
 
Cooling off periodYou have six (6) Business Days after your initial investment (i.e. from the date the complete application is received and accepted by us or any of our Distributors) to reconsider the appropriateness and suitability for your investment needs. Within this period, you may withdraw your investment at the same NAV per Unit when the units were purchased or prevailing NAV per Unit at the point of cooling-off (whichever is lower) (“Refund Amount”). We will pay the Refund Amount including the Application Fee (if any) to you in the currency of the respective Class within seven (7) Business Days from the date we receive the complete documentations. Please note that the cooling-off right is only given to first time investor investing with us or our Distributors. However, corporations or institutions, Principal Malaysia’s staff and person(s) registered with a body approved by the SC to deal in unit trust funds are not entitled to the cooling-off right.
 
Minimum Withdrawal1,000 units or such other number of units as we may decide from time to time.
 
Minimum Balance5,000 units or such other number of units as we may decide from time to time.
 
Launch Date3 July 2017
 

Fund Partner

  • AmBank (M) Berhad
  • HSBC Bank (Malaysia) Berhad
  • iFast Capital Sdn Bhd
  • OCBC Bank (Malaysia) Berhad
  • Phillip Mutual Berhad
  • UOB Kayhian
  • Principal Distributors

Click here to know more about our fund partner(s). 

Fund Fees

Application FeesUp to 5.50% of the NAV per unit.
 
Annual FeesManagement Fee: Up to 1.80% per annum of the NAV of the Class.

Trustee Fee: Up to 0.04% per annum of the NAV of the Class (including local custodian fees and charges but excluding foreign sub-custodian fees and charges).
 
Switching FeesSince switching is treated as a withdrawal from one class or fund and an investment into another class or fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of the Class and Application Fees of the other class or fund. Switching Fee will not be charged if the class or fund to be switched into has a lower Application Fee. 

We may impose USD35 (or equivalent) administrative fee for every switch made out of any of the Principal Funds. You may negotiate to lower the Switching Fee and/or administrative fee. We also have the discretion to waive the Switching Fee and/or administrative fees.