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Principal Global Technology Fund (Class USD)

Fund Performance

As at date : 30-11-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (USD) Fund Size (million)
Principal Global Technology Fund (Class USD) 24.90% 31.95% 3.54% 108.45% 142.43% 1.3201 38.82
Benchmark 32.13% 37.80% 44.58% 175.59% 250.36%
Benchmark : The Fund adheres to the benchmark of the Target Fund for performance comparison. The benchmark of the Target Fund is MSCI World Information Technology Index

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.3250
-0.0068
-0.51 %
1.3318
-0.0536
-3.87 %
1.3854
-0.0088
-0.63 %
1.3942
0.0254
1.86 %
1.3688
0.0057
0.42 %
1.3631
-0.0071
-0.52 %
1.3702
0.0268
1.99 %
1.3434
-0.0248
-1.81 %
1.3682
-0.0103
-0.75 %
1.3785
0.0141
1.03 %
1.3644
-0.0116
-0.84 %
1.3760
0.0347
2.59 %
1.3413
0.0074
0.55 %
1.3339
0.0137
1.04 %
1.3202
0.0110
0.84 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2024 14.20 11.36
Sep-2022 3.45 4.12
Sep-2021 3.49 2.37
Aug-2020 4.55 2.84

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
1:2 1.5751 1.05

General Information

The Fund aims to provide capital appreciation through investments in one collective investment scheme, which invests primarily in a diversified portfolio of technology related companies. 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.

The recommended investment timeframe for this Fund is five (5) years or more. The Fund best suits you if you:

  • are a Sophisticated Investor;
  • have a long term investment horizon;
  • seek capital appreciation from investment in predominantly equity securities; and
  • want exposure to technology sector.

Click and learn more about:

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Fund Details

Distribution Policy

Given the Fund’s investment objective, the class of the Fund is not expected to pay any distribution. Distributions, if any, are at our discretion and will vary from period to period depending on the availability of realised income for distribution and performance of the Fund.

Investment Time Horizon

Recommended 5 years or more.

Initial Investment

Minimum USD 2,000 or such other amount as we may decide from time to time.

Additional Investment

Minimum USD 1,000 or such other amount as we may decide from time to time.

Cooling off period

Six (6) Business Days from the date the application form is received and accepted by us or Distributors from the first time investor. However, Principal Asset Management’s staff and person(s) registered to deal in unit trust of Principal Asset Management or any Distributors are not entitled to the cooling-off right.

Minimum Withdrawal

1000 units.

Launch Date17 May 2018

Fund Partner

  • Affin Bank Bhd
  • Alliance Bank Malaysia Berhad
  • AmBank (M) Berhad
  • CIMB Bank Berhad
  • CIMB Investment Berhad - Private Banking
  • Citibank Berhad
  • Hong Leong Bank Berhad
  • HSBC Bank Malaysia Berhad
  • Standard Chartered Bank (Malaysia) Berhad
  • iFast Capital Sdn Bhd
  • OCBC  Bank (Malaysia) Berhad
  • Philip Mutual Berhad
  • Standard Charted Bank Malaysia 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.
Management FeesUp to 1.80% per annum of the NAV of the Class.
Trustee Fees

Before 18 November 2024,
Up to 0.06% per annum of the NAV of the Fund (including local custodian fees and charges but excluding foreign sub-custodian fees and charges).

After 18 November 2024,
Up to 0.03% per annum of the NAV of the Fund (including local custodian fees and charges but excluding foreign sub-custodian fees and charges).

Switching Fees

Since 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 CIMB-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.

Transfer FeeA maximum of USD15 may be charged for each transfer.