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Principal Global Dynamic Innovation Fund (formerly known as Principal Global Millennial Equity 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 Global Dynamic Innovation Fund (formerly known as Principal Global Millennial Equity Fund) - Class USD 5.66% 26.59% -11.47% 39.64% 41.69% 0.7426 0.94
Benchmark 16.44% 33.40% 0.73% 65.38% 79.39%
Benchmark : MSCI AC World TR USD

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
0.7481
0.0056
0.75 %
0.7425
-0.0010
-0.13 %
0.7435
-0.0157
-2.07 %
0.7592
-0.0022
-0.29 %
0.7614
0.0012
0.16 %
0.7602
-0.0025
-0.33 %
0.7627
-0.0019
-0.25 %
0.7646
0.0008
0.10 %
0.7638
0.0095
1.26 %
0.7543
0.0092
1.23 %
0.7451
0.0044
0.59 %
0.7407
-0.0014
-0.19 %
0.7421
-0.0169
-2.23 %
0.7590
-0.0040
-0.52 %
0.7630
0.0031
0.41 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Mar-2022 2.23 3.20
Mar-2021 10.88 7.95

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

Unit Split Date Unit Split Ratio Unit Split NAV Before Unit Split NAV After
7:10 1.2444 0.7320

General Information

The Fund aims to achieve capital appreciation over the medium to long term through investments primarily in a portfolio of global equities. The Fund is established with a multi-class structure and is allowed to establish new Class(es) from time to time.

The recommended investment timeframe for this Fund is three (3) years or more. This Fund is suitable for investors who:

  • have a medium to long term investment horizon;
  • looking for exposure into equities which are impacted by the spending and lifestyle activities of the millennial generation; 
  • can accept that returns may fluctuate over the investment period.
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Fund Details

Distribution PolicyThe Manager has 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. The Manager has the right to make provisions for reserves in respect of distribution of the Class.
Investment Time HorizonRecommended 3 years or more.
Initial InvestmentMinimum USD 1,000 or such other amount as we may decide from time to time.
Additional InvestmentMinimum USD 100 or such other amount as we may decide from time to time.
Cooling off periodFor first time individual investor investing with us, you 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 its 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, 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.
If the Fund is an EPF-MIS approved fund and you have invested via EPF-MIS, your cooling-off right is subject to EPF’s terms and conditions.
Minimum Withdrawal100 units.
Launch Date31 May 2018

Fund Partner

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

Fund Fees

Application FeesUp to 5.50% of the NAV per unit.
Management FeesUp to 1.80% per annum of the NAV of the Class.
Trustee FeesUp to 0.06% per annum (including local custodian fee but excluding foreign sub-custodian fee and charges) on the NAV of the Fund. The foreign sub-custodian fee and charges is dependent on the country invested and is charged monthly in arrears.
Switching FeesSwitching is treated as a withdrawal from a Class and an investment into another Class or Principal Malaysia’s fund (or its class). As such, you may be charged a Switching Fee equal to the difference (if any) between the Application Fee of the Class to be switched out of and the Application Fee of the other Class or Principal Malaysia’s fund (or its class) to be switched into. Switching Fee will not be charged if the Class or Principal Malaysia’s fund (or its class) to be switched into has a lower Application Fee. In addition, we may impose USD35 administrative fee for every switch. You may negotiate to lower the Switching Fee and/or administrative fees with the Manager or the Authorised Distributors. The Manager has the discretion to waive the Switching Fee and/or administrative fees.
Transfer FeeA maximum of USD15 may be charged for each transfer.