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Principal Greater Bay Fund (Class USD)

Fund Performance

As at date : 31-01-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (USD) Fund Size (million)
Principal Greater Bay Fund (Class USD) -10.32% -31.68% -53.96% 0.00% -39.46% 0.6054 0.35
Benchmark -10.84% -32.26% -51.36% 0.00% -30.93%
Benchmark : CSI SH-HK-SZ Greater Bay Area Development Thematic Index

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
0.6285
0.0006
0.10 %
0.6279
-0.0106
-1.66 %
0.6385
0.0023
0.36 %
0.6362
-0.0047
-0.73 %
0.6409
-0.0006
-0.09 %
0.6415
0.0008
0.12 %
0.6407
-0.0059
-0.91 %
0.6466
0.0023
0.36 %
0.6443
0.0067
1.05 %
0.6376
0.0040
0.63 %
0.6336
-0.0107
-1.66 %
0.6443
0.0053
0.83 %
0.6390
-0.0067
-1.04 %
0.6457
-0.0109
-1.66 %
0.6566
0.0029
0.44 %
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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.

Unit Split History

General Information

Principal Greater Bay Fund is an open-ended equity fund issued by Principal Malaysia. The Fund seeks opportunities by investing predominantly in equities of companies who will benefit from the development in the Greater Bay Area to achieve capital appreciation over the medium to long term. This is neither a capital protected nor capital guaranteed fund. 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.


This Fund is suitable for investors who:

  • have medium to long term investment horizon; and
  • want exposure in the Greater Bay Area;and
  • seek capital appreciation over the medium-term to long-term; can accept that investment returns may fluctuate over the investment period;and / or
  • can accept that investment returns may fluctuate over the investment period.
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Fund Details

Distribution Policy Distribution on an ad-hoc basis, taking into consideration the level of its realised income and/or realised gains, as well as the performance of the Fund. We also have the right to make provisions for reserves in respect of distribution of the fund.
 
Investment Time Horizon The recommended investment timeframe for this Fund is medium to long term, which refers to a period of three (3) years or more.
 
Initial Investment* Minimum USD 1,000 or such other amount as the Manager may decide from time to time.

*The minimum initial investment for EPF-MIS shall be MYR1,000 or such other amount as determined by EPF or as per the amount stated above, whichever is higher. Please note that there may be changes to the status of the eligibility of the Fund under the EPF-MIS from time to time. Please refer to our website at www.principal.com.my or www.kwsp.gov.my for updated information
 
Additional Investment USD 100 or such other amount as the Manager 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 from the date the completed application is received and accepted by us or our Distributors) to reconsider its 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 or prevailing NAV per unit at the point of cooling-off (whichever is lower) (“Refund Amount”). We will pay the Refund Amount including the Application Fee (if any) to you in the currency of the respective Class within seven (7) Business Days from the date we receive the complete documentations. Please note that the cooling-off right is only given to first time investor investing with us or our Distributors. 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 the EPF-MIS, your cooling-off right is subject to EPF’s terms and conditions.
 
Minimum Withdrawal 100 units or such other amount as the Manager may decide from time to time.
 
Investment policy and principal investment strategy

The Fund will invest between 70% to 98% (both inclusive) of its NAV primarily in large and/or mid-cap equities (A-shares and/or H-shares) of companies that will benefit from the development in the Greater Bay Area, of which we believe will exhibit good growth potential when compared against its peers or the overall market. These companies may be domiciled in, listed in, derive revenue from, and/or have business or economic activities related to the Greater Bay Area. The Fund will focus mainly in the equities from sectors under the Benchmark Index, which includes but not limited to technology, financials and consumer sector. Up to 20% of the NAV of the Fund may be invested in equities outside of the Benchmark Index universe. The Fund may also opt to seek investment exposure via CIS that is in line with the Fund’s objective, subject to the requirements of the GUTF. The Fund may invest the remaining of its NAV in liquid assets, i.e. Deposits and money market instruments for liquidity purpose.

CCB Principal Asset Management Co. Ltd (“CCBPAM”) will advise and provide investment research and stock recommendation to us in accordance with the investment objective and within the investment restrictions of the Fund.

The asset allocation strategy for the Fund is as follows:

  • between 70% to 98% (both inclusive) of the Fund’s NAV will be invested in equities, of which up to 20% of the Fund’s NAV may be invested in equities outside of the Benchmark Index; and
  • up to 30% of the Fund’s NAV may be invested in liquid assets.
Manager Principal Asset Management Berhad
 
Launch Date 31 October 2019
 

Fund Partner

  • CIMB Bank
  • iFast Capital Sdn Bhd
  • Philip Mutual Berhad
  • UOB Kayhian
  • Principal's Distributors

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

Fund Fees

Application Fees Nil
 
Annual Fees Management Fee: Up to 1.80% per annum of the NAV of the Class
Trustee Fee:

Before 27 October 2023, up to 0.06% per annum (including local custodian fees and charges but excluding foreign sub-custodian fees and charges) on the NAV of the Fund. The foreign sub-custodian fee is dependent on the country invested and is charged monthly in arrears

After 27 October 2023, up to 0.045% 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). 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). You will not be charged a Switching Fee if the Class or Principal Malaysia’s fund (or its classes) to be switched into has a lower Application Fee than the Application Fee of the Class. We may impose USD 35 administrative fee for every switch made out of any of the Principal Malaysia’s funds. You may negotiate to lower the Switching Fee and/or administrative fee. The Manager also have the discretion to waive the Switching Fee and/or administrative fees.
 
Transfer Fees A maximum of USD15.00 may be charged for each transfer.