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Principal Life Style Fund - Hong Kong Bond Fund Retail Acc HKD

信安豐裕人生基金 - 香港債券基金 Retail類 Acc 港元

HK0000087129

Risk Rating: Level 2

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 one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds 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

0.50%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

14:00

2020-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.10%
3 mth
+1.14%
6 mth
+2.64%
1 yr
+4.91%
3 yr
+9.96%
5 yr
+13.29%

Analytical Figures (3 years)

Annualized Return
+3.22%
Annualized Volatility
+2.45%
Sharpe Ratio
+0.64

Fund Information

Fund Houses
Principal Asset Management Co. (Asia) Ltd
Launch Date
2011-10-12
Fund Manager
Team Managed
Manager Start Date
2011-10-13
Geographical Focus
Hong Kong
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 2

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 one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2020-08-30)
HKD 6,887,821,845.97
Management Fee
0.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.50%

HKD10,000.00Min. Subscription

HKD / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

14:00

2020-09-30

Dividend Records

No Dividends

Investment Objective

To provide a return consisting of income and capital growth over medium to long term.
The Sub-Fund will seek to achieve its investment objective by primarily investing at least 70% of its assets in Hong Kong debt securities (rated or unrated# ), including (but not limited to) sovereign and/or non-sovereign, floating and/or fixed, of varying maturities issued by the government or by multi-lateral agencies or by companies, and denominated in Hong Kong dollars.

Nature and Extent of Risks

Investment involves risks. Please refer to the Explanatory Memorandum for details including the risk factors.
1. Investment risk – The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal.
2. Interest rate risk – Interest rate movements have an impact on the valuation of debt securities and hence, the NAV of a Sub-Fund. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
3. Credit/counterparty risk – The Sub-Fund may be exposed to credit and counterparty risk of issuers of the debt securities that the Sub-Fund may invest in. If the issuer of debt securities in which the Sub-Fund invested in defaults or suffers insolvency, such securities may become worthless and the performance of the Sub-Fund will be adversely
affected. Further, investments in debt securities which involve a counterparty are subject to the credit risk or default risk of the counterparty. This may adversely affect the NAV of the Sub-Fund and investors may as a result suffer loss.
4. Downgrading risk – The credit rating of a debt securities or its issuer may subsequently be downgraded. In the event of such downgrading the value of the Sub-Fund may be adversely affected. The Manager may not be able to dispose of the debt securities that are being downgraded.
5. Dividend paid effectively out of capital – In respect of the R6 Class Units, the Fund Manager may at its discretion pay dividend out of gross income while paying all or part of the fees and expenses attributable to the R6 Class Units out of the capital of such Units, resulting in an increase in distributable income for the payment of dividend in respect of the R6 Class Units and therefore, the Sub-Fund may effectively pay dividend out of capital. This amounts to a return or withdrawal of part of a Unitholder’s original investment in the R6 Class Units or from capital gains attributable to that original investment. Any distributions involving payment of dividend effectively out of the capital of the R6 Class Units may result in an immediate reduction of its NAV per unit.