Principal Asia Pacific Dynamic Income Equity Retirement Mutual Fund (PRINCIPAL APDIRMF)

Dividend/Auto-Redemption History

Fund Details

Fund Name (short) PRINCIPAL APDIRMF Risk Level 6 (High Risk)
Inception Date 26 December 2014 Fund Type  Equity Fund, Feeder Fund, RMF
Registered fund size 1,000 Million THB Foreign Investment Policy Yes
Dividend Policy None Foreign exchange rate According to the discretion of fund manager
Investment Policy 

The fund has a policy to invest in the investment units only of Principal Asia Pacific Dynamic Income Fund (the Master Fund) registered in Malaysia. The Master Fund has a policy of aiming to manage the return of the fund to be stable and positive from investment in the Asia-Pacific region (except Japan). The master fund will invest in a company established, registered, and/or operated mainly in the Asia-Pacific region (Except Japan). In the part of listed companies, there must be a trade in foreign country that is a member of WFE as well. The master fund will invest in stocks with high dividend payouts and attractive return with consistent dividend payment and with high growth trend when compared to the overall market. In addition, the Master fund may invest in companies that have good growth potential and the fund manager foresees the good dividend payment/return in the future.

However, in the event that the equity market is volatile or when the situation is not suitable for investment in equity instruments such as political changes, etc., the fund may also invest up to 20% of the Fund’s NAV in debt securities to be in line with the Fund’s objective. The Fund’s investments in debt securities will generally be restricted to debt securities with a minimum credit rating of “BBB” by an international rating agency as prescribed under the Standard of Qualifying CIS or its equivalent rating by other international rating agencies. The Fund may also opt to access into the equities and/or debt securities market via the investment in units of other CIS that is in line with the Fund’s objectives, subject to the requirements of the SC Guidelines and the Standards of Qualifying CIS.

The asset allocation strategy for this Fund is as follows:

  • between 60% to 98% (both inclusive) of the Fund’s NAV will be invested in equities;
  • up to 20% of the Fund’s NAV may be invested in debt securities;
  • up to 20% of the Fund’s NAV may be invested in units of other CIS that is in line with the Fund’s objectives; and
  • at least 2% of its NAV will be invested in liquid assets for liquidity purpose.


The fund will invest in or hold investment units of Principal Asia Pacific Dynamic Income Fund, registered in Malaysia, on an average of not less than 80% of the net asset value of the fund which will result in net exposure in the CIS unit of such master fund which has the average in the fiscal year that is not less than 80% of the net asset value of the fund and the fund will invest in foreign average not less than 80% of net asset value of the fund.

Fund Manager   Win Phromphaet
Witthaya Chancharuschote
Viriya Phokaisawan 
Paniti Jittriphot
Waroon Saptaweekul
Thana Sheanakul
Prapot Uancharoenkul

Investors should also study information about tax benefits as specified in the investment guide in such mutual funds. If not complying with investment conditions investors will not receive tax benefits and must return tax benefits. Master fund has highly concentrated investment in Singapore. So, investors have to diversify investment for their portfolios. Investing in Investment Units is not a deposit and there is a risk of investment, Investors may receive more or less return investment than the initial investment. Therefore, investors should invest in this fund when seeing that investing in this fund suitable for investment objectives of investors and investors accept the risk that may arise from the investment. In an unusual situation unitholder may not be able to redeem the investment units or may receive the redemption money later than the period that specified in the prospectus. Investors should study the information in the prospectus to understand and should keep the prospectus as information for future reference and when in doubt, please contact the selling agent before investing. Investors should understand product characteristics (mutual funds), conditions of return and risk before making an investment decision

Purchase/ Redemption

Subscription Period Every business day from bank business hours to 3.30 pm
Minimum Subscription 5,000 THB
Redemption Period Every business day from bank business hours to 3.00 pm
Minimum Redemption Not defined
Minimum Balance Not defined
Redemption Policy Within 5 business days from NAV calculation date (Currently T+6) CIMBT / SCB / KBANK / BAY / TMB / BBL/ LHBANK/ KK/ TBANK

Fee & Charges

Fees to Unitholder (% of Trading Value)*

Front-end fee Not exceed 1.07% (Waived)
Back-end fee Not exceed 1.07% (Waived)
Switching Fee According to the conditions of sale and redemption of investment units

*Fee included VAT.

Fund Fee (% of NAV)*

Management Fee Not exceed 1.61% (Currently 1.605%)
Trustee Fee Not exceed 0.11% (Currently 0.032%)
Registrar Fee Not exceed 0.75% (Currently 0.535%)

*as of 1 Dec 18 - 30 Nov 19., Fee included VAT

Fund Performance

As at date :
As at date :
Fund Year To Date Performance (%) 3Month (%) 6Month (%) 1Year (%) 3Year (%) 5Year (%) 10Year (%) Since Inception (%) NAV (THB) Fund size (THB Million)
Principal Asia Pacific Dynamic Income Equity Retirement Mutual Fund (PRINCIPAL APDIRMF) -1.68 % 14.49 % 1.25 % 3.00 % 1.25 % 3.40 % 3.78 % 12.3082 101.65
Benchmark : 4.79 % 14.30 % 5.53 % 10.63 % 1.93 % 3.73 % 4.03 %
Benchmark :
M1APJ Index (THB) 50% + M1APJ Index adjusted with FX hedging cost 50%