Principal Institutional Bond Fund 2 (formerly known as CIMB-Principal Institutional Bond Fund 2)

Fund Performance

As at date :
As at date :
Fund Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (MYR million)
Principal Institutional Bond Fund 2 (formerly known as CIMB-Principal Institutional Bond Fund 2) 2.54 % 3.14 % 11.12 % 19.69 % 63.94 % 1.0438 2,119.73
Benchmark 2.07 % 2.64 % 10.25 % 18.28 % 59.99 %
Benchmark : The 3-month Kuala Lumpur Interbank Offered Rate (KLIBOR)

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2020 0.61 2.36
Jun-2020 0.90 3.40
Mar-2020 0.85 3.24
Dec-2019 0.59 2.24
Sep-2019 0.95 3.64
Jun-2019 0.86 3.28
Mar-2019 1.07 4.16
Dec-2018 1.04 4.00
Sep-2018 1.04 4.00
Jun-2018 1.19 4.60
Mar-2018 0.84 3.20
Dec-2017 0.95 3.68
Sep-2017 1.07 4.12
Jun-2017 1.03 3.92
Mar-2017 0.78 3.00

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.

General Information

Principal Institutional Bond Fund 2 is a bond fund issued by Principal Malaysia. The Fund aims to provide income to investors.This is neither a capital protected nor a capital guaranteed fund. 

Fund is suitable for investors who

  • investment timeframe for this Fund is three (3) years; and
  • are seeking a steady stream of income from local and foreign assets.

Fund Details

Distribution Policy Distributions, if any, will be made four (4) times per annum at the end of each quarter of the year, i.e. March, June, September and December. Such distributions will depend on the availability of realised income and/or realised gains and at our discretion. The Manager has he right to make provisions for reserves in respect of distribution of the Fund.
Investment Time Horizon Medium term, i.e. three (3) years 
Initial Investment RM100,000 or such other amount as the Manager may decide from time to time.
Additional Investment RM 10,000 or such other amount as the Manager may decide from time to time.
Cooling off period You have six (6) Business Days from the date the application form is received and accepted by the Manager or Distributor from the first time investor. 

However, corporations/institutions, Principal Asset Management’s staff and person(s) registered to deal in unit trust of Principal Asset Management or distributor are not entitled to the cooling-off right. 
Minimum Withdrawal
 
10,000 units or such other number of units as the Manager may decide from time to time.
Launch Date 15 February 2006.

Fund Partner

  • CIMB Private Banking

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

 

Fund Fees

Application Fee Nil
Management Fee

Fund Size (NAV of the Fund)

Management Fee

Up to and including RM500 million

0.20% per annum of the NAV of the Fund

Above RM500 million and up to

and including RM1 billion

0.15% per annum of the NAV of the Fund

Above RM1 billion and up to

and including RM1.5 billion

0.10% per annum of the NAV of the Fund

Above RM1.5 billion

0.08% per annum of the NAV of the Fund (subject to maximum of MYR1.5 million per annum)

Trustee Fee

Fund Size (NAV of the Fund)

Trustee Fee

Up to and including RM500 million

0.022% per annum of the NAV of the Fund

Above RM500 million and up to and including RM1 billion

0.016% per annum of the NAV of the Fund

Above RM1 billion and up to and including RM1.5 billion

0.011% per annum of the NAV of the Fund

Above RM1.5 billion

0.009% per annum of the NAV of the Fund

The above fee structure is subject to a maximum Trustee Fee of RM165,000 per annum in any financial year.

The Fund will be charged at a rate based on tier structure according to its current fund size. For example, when the current fund size is MYR800 million, the Fund will be charged a Trustee Fee at 0.016% per annum of the NAV of the Fund. However, when the current fund size is MYR1.3 billion, the Trustee Fee will be changed from 0.016% to 0.011% per annum of the NAV of the Fund.

Switching Fee Not applicable as no switching facility is available for this Fund.
Transfer Fee Not applicable as no transfer facility is available for this Fund.