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Each of the funds referred to in the Principal Asset Management Berhad (‘Principal’) website is intended only to be made available in Malaysia and offered only to persons in Malaysia. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. The information it contains does not take account of any investor's investment objectives, particular needs or financial situation. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.

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  1. have read, understood and agree to the above;
  2. are a Malaysian resident and you are accessing the information from within Malaysia; and
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Principal Institutional Bond Fund 2

Fund Performance

As at date : 31-01-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Institutional Bond Fund 2 0.35% 3.55% 8.13% 15.14% 78.29% 1.0512 1,257.21
Benchmark 0.31% 3.62% 8.56% 14.94% 76.88%
Benchmark : The 3-month Kuala Lumpur Interbank Offered Rate (KLIBOR)

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.0544
0.0003
0.03 %
1.0541
0.0002
0.02 %
1.0539
0.0001
0.01 %
1.0538
0.0002
0.02 %
1.0536
0.0002
0.02 %
1.0534
0.0002
0.02 %
1.0532
0.0000
0.00 %
1.0532
0.0000
0.00 %
1.0532
-0.0001
-0.01 %
1.0533
0.0000
0.00 %
1.0533
0.0003
0.03 %
1.0530
0.0002
0.02 %
1.0528
0.0002
0.02 %
1.0526
0.0001
0.01 %
1.0525
0.0004
0.04 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Jun-2016 1.00 3.84
Mar-2016 0.94 3.64
Dec-2015 0.77 2.96
Sep-2015 0.88 3.36
Jun-2015 0.84 3.24
Mar-2015 1.03 3.96
Dec-2014 1.30 4.96
Sep-2014 1.00 3.84
Jun-2013 0.95 3.64
Mar-2013 0.72 2.76

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

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.
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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. We have the right to make provisions for reserves in respect of distribution of the Fund.

 
Initial Investment MYR 100,000 or such other amount as we may decide from time to time.

 
Additional Investment MYR 10,000 or such other amount as we may decide from time to time.

 
Cooling off period For first time individual investor investing with us, you have six (6) Business Days after your initial investment (i.e. 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 NAV per unit on the day 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 in MYR within seven (7) Business Day from the date we receive the complete documentation. Please note that the cooling-off right is only given to first time investor investing with us or any of our Distributor. 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 Withdrawal
 		 MYR 10,000 or such other amount as we may decide from time to time.
 
Launch Date 15 February 2006.
 

Fund Partner

  • Principal's Distributors

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

 

Fund Fees

Application Fee* Nil
 
Management Fee
Fund Size
(NAV of the Fund)












 		 Up to and including MYR500 million
 
Above MYR500 million and up to and including MYR1.0 billion
 
Above MYR1.0 billion and up to and including MYR1.5 billion
 
Above MYR1.5 billion
 
Management Fee













 		 0.20% per annum of the NAV of the Fund
 
0.15% per annum of the NAV of the Fund
 
0.10% per annum of the NAV of the Fund
 
0.08% per annum of the NAV of the Fund (subject to maximum of MYR1.5 million per annum)
 

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 Management Fee at 0.15% per annum of the NAV of the Fund. However, when the current fund size is MYR1.3 billion, the Management Fee will be changed from 0.15% to 0.10% per annum of the NAV of the Fund.

 
Trustee Fee Before 3 October 2023,
Fund Size (NAV of the Fund)












 		 Up to and including MYR500 million
 
Above MYR500 million and up to and including MYR1.0 billion
 
Above MYR1.0 billion and up to and including MYR1.5 billion
 
Above MYR1.5 billion
 
Management Fee










 		 0.022% per annum of the NAV of the Fund
 
0.016% per annum of the NAV of the Fund
 
0.011% per annum of the NAV of the Fund
 
0.009% per annum of the NAV of the Fund
 

The above fee structure is subject to a maximum Trustee Fee of MYR165,000 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.
 

After 3 October 2023,
Up to 0.009% per annum of the Fund’s NAV.

 
Switching Fee No switching facility is available for this Fund.
 
Transfer Fee No transfer facility is available for this Fund.