Principal Global Investors Funds - Preferred Securities Fund A Inc USD

信安環球投資基金 - 優先證券基金 A類 Inc 美元

IE00B067MS69

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.90%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:45

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.21%
3 mth
+3.59%
6 mth
+7.22%
1 yr
+8.75%
3 yr
+16.16%
5 yr
+26.77%

Analytical Figures (3 years)

Annualized Return
+5.12%
Annualized Volatility
+3.73%
Sharpe Ratio
+0.90

Fund Information

Fund Houses
Principal Asset Management Co. (Asia) Ltd
Launch Date
2005-02-26
Fund Manager
Mark A. Lieb
Phil Jocoby
Manu Krishnan
Bob Giangregorio
Manager Start Date
Mark A. Lieb (Start Date: 2003-04-22) Phil Jocoby (Start Date: 2003-04-22) Manu Krishnan Bob Giangregorio
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-15)
USD 4,198,058,921
Management Fee
0.90%
Latest Dividend
USD 0.100700 (2019-06-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.90%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:45

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-06-300.100700
2019-03-310.105600
2019-01-010.106100
2018-09-300.103900
2018-07-010.102200
2018-04-020.103800
2018-01-010.095200
2017-10-010.097400
2017-07-020.092300
2017-04-020.099200
2017-01-020.100800
2016-10-020.101200
2016-06-300.102400
2016-03-310.103500
2016-01-030.100800
2015-09-300.103100
2015-06-300.100200
2015-03-310.105400
2015-01-310.106300
2015-01-010.106300
2014-09-300.107700
2014-06-300.109400
2014-03-310.115400
2014-01-010.117800
2013-09-300.114600
2013-06-300.110000
2013-06-270.110000
2013-04-010.110000
2013-03-270.106800
2013-01-010.120000
2012-12-300.120000
2012-09-270.110000
2012-07-010.120000
2012-06-280.121100
2012-03-290.120000
2011-12-290.118800
2011-09-290.122200
2011-06-290.116100
2011-03-300.089100
2010-12-300.075733
2010-09-290.027075
2010-06-290.166252
2010-03-300.157514
2009-12-300.116899
2009-12-290.116900
2009-09-290.131151
2009-06-290.071446
2009-03-300.153836
2008-12-300.118612
2008-09-290.140100
2008-06-290.071700
2008-03-310.117540
2008-03-300.117000
2008-01-020.106832
2007-12-300.106800
2007-09-300.105051
2007-09-270.105100
2007-07-010.101950
2007-06-280.102000
2007-04-010.107580
2007-03-290.107600
2007-01-010.101090
2006-12-280.101100
2006-10-010.140620
2006-07-020.011064
2006-04-020.013233
2006-01-020.012253
2005-10-020.012972
2005-06-300.011919
2005-03-310.073390

Investment Objective

To provide a return consisting of income consistent with capital preservation by investing primarily in a portfolio of US dollar denominated preferred securities and debt securities.

Nature and Extent of Risks

Investment involves risks. Please refer to the Summary Prospectus for details including the risk factors.
1. Concentration risk
The performance of the Sub-Fund may be significantly affected or become volatile if the Sub-Fund concentrates its investments in a particular market and/or the markets of a particular geographical region.
2. Downgrading risk
The underlying assets of the Sub-Fund may be subject to the risk of their credit ratings or the credit ratings of their issuers being downgraded. The Sub-Fund’s investment value in such securities may be adversely affected if such downgrading occurs.
3. Risk specific to below investment grade securities
The Sub-Fund may hold below investment grade securities, and such securities are speculative and involve a greater risk of default and price changes due to changes in the issuer’s credit worthiness. The market prices of such securities therefore fluctuate more than investment grade securities and may decline significantly in periods of greater economic difficulty.
4. Fixed income securities
The investment value in fixed income securities may fluctuate substantially due to changes in the general economic conditions, interest rate changes and volatility of yields. Investments in fixed income securities are subject to the risk that the issuer could default on its obligations and the Sub-Fund could sustain losses on such investments.
5. Market risk
The Sub-Fund’s investments are subject to the risks inherent in all securities, including the fact that the value of holdings may go down as well as up significantly, and you may not be able to get back the same amount you invested. In particular, the income earned from the Sub-Fund’s investments may fluctuate up or down as a result of changes in the dividend policy of the underlying companies in which the Sub-Fund is invested. Such changes will impact on the level of income available for distribution by the Sub-Fund.
6. Financial derivative instruments
The degree of success of the Sub-Fund in using financial derivative instruments for efficient portfolio management will depend, to a large extent, on the ability of the Manager or its delegate to correctly identify and execute on suitable opportunities. This process involves uncertainty, and in adverse situations, such techniques may become ineffective and significant losses may be suffered by the Sub-Fund.
7. Dividends paid effectively out of capital
The dividends distributed by the Sub-Fund may be paid effectively out of the capital of the Sub-Fund (i.e. making the distribution from gross income while charging all or part of the Sub-Fund’s fees and expenses to capital), resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and an immediate reduction of the net asset value per unit of the Sub-Fund. Payment of dividends effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
8. Risks relating to Hedged Unit Class
The Yen Hedged A Class Accumulation Units will seek through the use of efficient portfolio management techniques (including exchange rate swap contracts, currency options, forward currency transactions and other instruments) to manage currency exposure. The strategy of utilising currency hedging transactions for this Hedged Unit Class may substantially limit holders of these units from benefiting if the hedged currency falls against the Base Currency. A risk remains that hedging techniques will not always be effective in limiting losses incurred due to currency fluctuation. To the extent that this Hedged Unit Class of the Sub-Fund enters into hedging transactions with a counterparty on an over the counter basis, there may be a credit risk to this Hedged Unit Class with regard to the counterparties and such transactions may bear the risk of settlement default.

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