Principal Global Preferred Securities Fund (formerly known as CIMB-Principal Preferred Securities Fund) Class USD

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 Preferred Securities Fund (formerly known as CIMB-Principal Preferred Securities Fund) Class USD -6.00 % 1.02 % 4.65 % 0.00 % 8.88 % 1.0412 2.32
Benchmark 0.57 % 6.46 % 12.65 % 0.00 % 17.87 %
Benchmark : Adheres to the benchmark of the Target Fund for performance comparison. The benchmark is translated into share class currency.

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Mar-2020 0.98 4.48
Dec-2019 1.73 6.32
Sep-2019 1.33 4.92
Jun-2019 0.42 1.60
Mar-2019 0.66 2.64
Dec-2018 0.54 2.16
Sep-2018 0.17 0.64
Jun-2018 1.69 6.36
Feb-2018 1.04 3.92

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 is a wholesale feeder fund which aims to achieve income and capital appreciation primarily through investment in preferred securities.

Fund is suitable for investors who:

  • Have medium to long term investment horizon; and/or
  • Seek income and capital appreciation
  • want to invest in a portfolio with exposure to preferred securities; and/or
  • are prepared to accept, in normal conditions, a medium degree of volatility of NAV per annum.

Fund Details

Distribution Policy Quarterly, depending on the availability of realised income and/or realised gains and at The Manager’s discretion. 

The Manager has the discretion to distribute part or all of the Fund’s distributable income. The distribution (if any) may vary from period to period depending on the performance of the Fund.
Investment Time Horizon Medium to long term, i.e. three (3) years or more.
Initial Investment
Class MYR Class MYR-Hedged Class USD
Minimum RM5,000 or such other amount as the Manager may from time to time decide. Minimum RM5,000 or such other amount as the Manager may from time to time decide. Minimum USD 5,000 or such other amount as the Manager may from time to time decide. 
Additional Investment
Class MYR Class MYR-Hedged Class USD
Minimum RM2,000 or such other amount as the Manager may from time to time decide. Minimum RM2,000 or such other amount as the Manager may from time to time decide. Minimum USD 2,000 or such other amount as the Manager may from time to time decide. 
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 Class MYR: 5,000 units or such other amount as the Manager may from time to time decide. 

Class MYR-Hedged: 5,000 units or such other amount as the Manager may from time to time decide. 

Class USD: 5,000 units or such other amount as the Manager may from time to time decide. 
Launch Date 11 January 2017

Fund Partner

  • CIMB Private Banking
  • Kenanga Investment Bank Berhad
  • Principal Distributors
  • iFast Capital Sdn Bhd
  • United Overseas Bank (Malaysia) Berhad

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

Fund Fees

Application Fees Up to 3.50% of the NAV per unit.
Annual Fees Management Fee: Up to 1.50% per annum of the NAV of the Class in Malaysia.
Trustee Fee: Up to 0.04%* 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

Class MYR Class MYR-Hedged Class USD
RM100 RM100 USD35
(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.