Principal Global Technology Fund (formerly known as CIMB-Principal Global Technology Fund) Class MYR-Hedged

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 Global Technology Fund (formerly known as CIMB-Principal Global Technology Fund) Class MYR-Hedged 29.32 % 36.65 % 0.00 % 0.00 % 57.53 % 1.5494 573.91
Benchmark 20.82 % 37.12 % 0.00 % 0.00 % 59.60 %
Benchmark : The Fund adheres to the benchmark of the Target Fund for performance comparison.

Income Distribution History

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

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.

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

Additional Investment

Minimum MYR 5,000 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

5000 units.

Launch Date 17 May 2018

Fund Partner

  • Citibank Berhad
  • Principal Distributors
  • Standard Chartered Bank (Malaysia) Berhad
  • iFast Capital Sdn Bhd

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

Fund Fees

Application Fees Up to 5.50% of the NAV per unit.
Management Fees Up to 1.80% per annum of the NAV of the Class.
Trustee Fees

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).

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 MYR100 (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 Fee

A maximum of MYR50 may be charged for each transfer.