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Principal Islamic Global Technology Fund - Class MYR-Hedged

Fund Performance

As at date : 31-10-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic Global Technology Fund - Class MYR-Hedged 13.29% 37.89% 0.00% 0.00% 40.78% 1.3800 171.52
Benchmark 26.36% 49.70% 0.00% 0.00% 91.35%
Benchmark : S&P Global 1200 Shariah Info Tech

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.4143
0.0134
0.96 %
1.4009
0.0059
0.42 %
1.3950
-0.0446
-3.10 %
1.4396
-0.0096
-0.66 %
1.4492
-0.0071
-0.49 %
1.4563
0.0054
0.37 %
1.4509
-0.0092
-0.63 %
1.4601
-0.0113
-0.77 %
1.4714
0.0301
2.09 %
1.4413
0.0359
2.55 %
1.4054
0.0161
1.16 %
1.3893
-0.0033
-0.24 %
1.3926
-0.0380
-2.66 %
1.4306
-0.0155
-1.07 %
1.4461
0.0276
1.95 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2024 2.66 1.90

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. The Fund aims to provide capital appreciation through investments in one (1) Islamic CIS, 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.

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

Fund is suitable for investors who:

  • have a medium to long term investment horizon;
  • seek for capital appreciation by investing in equity securities; 
  • seek for a growth investment in the technology sector in the US and around the world; and/or
  • can accept that returns may fluctuate over the investment period.

Click and learn more about:

Download Documents

Fund Video

Fund Details

Distribution PolicyGiven 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.
 
Initial Investment

Minimum MYR 1,000 or such other amount as the Manager may decide from time to time.
    

Additional Investment

MYR 500 or such other amount as the Manager may decide from time to time.
 

Cooling off period

Individual Sophisticated Investors have six (6) Business Days after your initial investment (i.e. the date the complete application is received and accepted by us or 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 to you in the currency of the respective Class within seven (7) Business Days from the date we receive the completed documentations. If there are unforeseen circumstances that caused a delay in receiving the cooling-off proceeds from the Target Fund, we will pay to you the Refund amount within five (5) Business Days of receipt of the Refund amount from the Target Fund. 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 or a person registered with a body approved by the SC to deal in unit trust funds are not entitled to the cooling-off right.
 

Minimum Withdrawal

500 units or such other amount as the Manager may decide from time to time.
 

Launch Date14 July 2022
 

Fund Partner

  • AmBank (M) Berhad
  • AmBank Islamic
  • iFast Capital Sdn Bhd
  • Philip Mutual Berhad
  • UOB Kayhian
  • Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
  • Principal Distributors

 

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

 

 

Fund Fees

Application FeesUp to 5.00% of the NAV per unit.
 
Management FeesUp to 1.80% per annum of the NAV of the class.
 
Trustee Fees

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

Switching 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 will be charged a switching fee equal to the difference (if any) between the Application Fee of the Class 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 MYR100 as the administrative fee for every switch. You may negotiate to lower the switching fee and/or administrative fee with us or our Distributors. We also have the discretion to waive the switching fee and/or administrative fee.
 

Transfer FeeA maximum of MYR 50 may be charged for each transfer.