Disclaimer

Not an Offer to Sell or a Solicitation to Buy

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 Money Market Income Fund (Class AR)

Fund Performance

As at date : 31-08-2021
Fund
Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Money Market Income Fund (Class AR) 1.41% 2.10% 8.82% 16.61% 67.77% 0.9769 10.47
Benchmark 0.33% 0.50% 3.31% 6.65% 32.85%
Benchmark : CIMB Bank Overnight Rate

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2021 0.59 2.40
Jun-2021 0.84 3.44

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 Money Market Income Fund is a money market fund issued by Principal Malaysia. The Fund aims to provide a low risk investment option that normally earns higher interest than traditional bank accounts. The Fund is established with a multi-class structure and is allowed to establish new Class(es) from time to time.

The Fund is suitable for investors who:

  • have either a short-term or medium-term investment horizon;
  • want a portfolio that invest in Deposits;
  • desire a stream of income; and/or
  • seek preservation of capital* and flexibility in investment.

* The Fund is neither a capital guaranteed fund nor a capital protected fund.

Fund Details

Distribution Policy

Quarterly, if any, within fourteen (14) days after the last day of each quarter.
 

Initial Investment

Minimum MYR10,000 or such other amount as the Manager may decide from time to time.
 

Additional Investment

MYR1,000 or such other amount as the Manager may decide from time to time.
 

Cooling off period For first time 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 our Distributors) to reconsider the 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. We will refund the investment amount including the Application Fee (if any) to you in MYR within ten (10) calendar days from the day we receive the complete documentations. Please note that the cooling-off right is only given to first time investor investing with us or any of our Distributors. However, Principal Malaysia’s staff and person(s) registered with a body approved by the SC to deal in unit trust are not entitled to the cooling-off right.
In addition, if you have invested via the EPF-MIS, your cooling-off right is subject to EPF’s terms and conditions
 

Minimum Withdrawal

1,000 units or such other number of unit as the Manager may decide from time to time.
 

Launch Date

13 August 2021.

Fund Partner

  • AmInvestment Bank Berhad
  • CIMB Bank Berhad
  • CIMB Investment Bank - Retail Equities
  • CIMB Private Banking
  • Principal Distributors
  • Hong Leong Bank Berhad
  • Kenanga Investment Bank Berhad
  • Phillip Mutual Berhad
  • RHB Bank Berhad
  • United Overseas Bank (Malaysia) Berhad
  • UOB Kay Hian Securities (M) Sdn Bhd

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

Fund Fees

Application Fees

Nil
 

Annual Fees Management Fee: 0.40% per annum of the NAV of the Fund.

Trustee Fee: 0.03% per annum (includes local custodian fee but excludes foreign sub-custodian fees and charges (if any)) of the NAV of the Fund.
 
Switching Fees

 

Switching is treated as a withdrawal from a Class and an investment into another Class or Principal Malaysia’s fund (or its classes). As such, you may 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 classes). Switching Fee will not be charged if the Class or Principal Malaysia’s fund (or its classes) to be switched into has a lower Application Fee. In addition, we may impose a MYR100 administrative fee for each switch. You may negotiate to lower the Switching Fee and/or administrative fees with us or our Distributors. We also have the discretion to waive the Switching Fee and/or administrative fees.